First Group broker Accounts

first group Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: first group Account Types Overview

first group Account Types Explained

The first group offers various account types tailored to meet the needs of different traders. Below is a comprehensive overview of the available account types:

Recommended account types by trader level

• Beginners: Standard Account
• Intermediate: ECN Account
• Advanced/Institutional: Pro Account
• Muslim Traders: Islamic Account
• All Levels: Demo Account

Part 2: first group Account Features Comparison

Detailed first group Account Features

The following table compares features across different first group account types:

Advantages of each account type

• Standard Account:
• User-friendly interface
• No commission fees
• High leverage options
• Ideal for beginners
• ECN Account:
• Lower spreads
• Direct market access
• Suitable for high-frequency trading
• Advanced trading tools
• Pro Account:
• Tailored for institutional clients
• Priority customer support
• Advanced analytics and tools
• Competitive spreads
• Islamic Account:
• Compliant with Sharia law
• No swap fees
• Flexible trading conditions
• Available for all trading instruments
• Demo Account:
• Risk-free trading environment
• Practice trading strategies
• Access to all trading instruments
• No time limit for usage

Disadvantages of each account type

• Standard Account:
• Higher spreads compared to ECN
• Limited advanced features
• ECN Account:
• Requires a higher minimum deposit
• Commission fees can add up
• Pro Account:
• High minimum deposit requirement
• Not suitable for casual traders
• Islamic Account:
• Limited availability of features compared to standard accounts
• May have restrictions on certain trading strategies
• Demo Account:
• No real money involved
• Limited to virtual trading only

Part 3: first group Account Opening Requirements

first group Account Registration Requirements

To open an account with first group, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries, but specific restrictions may apply based on local regulations.
• Prohibited Countries: Certain countries may be restricted due to regulatory compliance.
• Identity Verification Documents Needed:
• Government-issued photo ID (e.g., passport, drivers license)
• Proof of income (e.g., pay stub, bank statement)
• Proof of Residence Requirements: Recent utility bill or bank statement showing your name and address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks to verify identity and prevent fraud.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of submitted documents.

Part 4: first group Account Opening Process

Step-by-Step first group Account Opening Guide

1. Visit Website and Click Registration: Go to the first group official website and locate the registration button.
2. Personal Information Entry: Fill in personal details including name, email, and phone number.
3. Choose Account Type: Select the desired account type from the available options.
4. Set Trading Preferences: Specify trading preferences, including leverage and trading instruments.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate your trading account.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, although the mobile interface may have simplified steps.

Common Registration Issues and Solutions

• Issue: Document upload failure.

  Solution: Ensure documents are clear and in the correct format (PDF, JPEG).

• Issue: Verification delays.

  Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes 1-3 business days, depending on the volume of applications.

How to Upgrade/Downgrade Account Types

• To change account types, contact customer support and provide the necessary documentation for the new account type.

Part 5: first group Demo Account Information

first group Demo Account Guide

• Demo Account Features and Benefits:

• Access to all trading instruments.

• Risk-free environment to practice trading strategies.

• Ability to test the trading platform without financial risk.

• How to Open a Demo Account:

• Visit the first group website and select the demo account option.

• Fill out the registration form and submit it.

• Receive access details via email.

• Demo Account Limitations:

• Limited to virtual trading only.

• No real financial gains or losses.

• Virtual Balance Amount:

• Typically, demo accounts come with a virtual balance of $100,000.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds, while live accounts involve real money.

• Trading conditions may vary slightly between demo and live environments.

• Duration/Expiry of Demo Accounts:

• Demo accounts may remain active for an indefinite period, but some brokers may impose time limits.

Part 6: first group Islamic Account (if available)

first group Islamic Account Details

• Swap-Free/Islamic Account Availability:

• The first group offers an Islamic account that complies with Sharia law.

• Eligibility Requirements:

• Must be a practicing Muslim.

• Standard documentation for account opening applies.

• Differences from Standard Accounts:

• No swap fees are charged on overnight positions.

• Other trading conditions remain similar to standard accounts.

• How to Apply for Islamic Account:

• Indicate the request for an Islamic account during the registration process.

• Submit the required documentation as per standard account opening.

• Restrictions or Special Conditions:

• Trading strategies must comply with Islamic finance principles.

FAQs – first group Account Types & Opening

1. What account types does first group offer？

• first group offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $100, ECN: $500, Pro: $1,000, Islamic: $100, Demo: None.

1. How long does first group account verification take？

• Verification typically takes 1-3 business days.

1. Does first group offer demo accounts？

• Yes, first group offers demo accounts for practice trading.

1. Can I have multiple account types with first group？

• Yes, you can hold multiple account types.

1. Does first group offer Islamic/swap-free accounts？

• Yes, first group provides Islamic accounts that are swap-free.

1. What documents do I need to open a first group account？

• A government-issued photo ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can change your account type by contacting customer support.