| Account Type | Minimum Deposit | Spread (pips) | Leverage | Key Features | Target User Profile |
|---|---|---|---|---|---|
| Standard | $100 | 1.5 | 1:500 | Basic trading tools | Beginners |
| ECN | $500 | 0.1 | 1:200 | Direct market access | Advanced traders |
| Pro | $1,000 | Tight | 1:100 | Advanced tools, priority support | Professional traders |
| Islamic | $100 | Same as Standard | 1:500 | Swap-free | Muslim traders |
| Demo | Virtual funds | Same as Standard | Same as Standard | Risk-free environment | All levels |
| Feature | Standard Account | ECN Account | Pro Account | Islamic Account | Demo Account |
|---|---|---|---|---|---|
| Minimum Deposit | $100 | $500 | $1,000 | $100 | Virtual funds |
| Maximum Leverage | 1:500 | 1:200 | 1:100 | 1:500 | Same as Standard |
| Typical Spread | 1.5 pips | 0.1 pips | Tight | Same as Standard | Same as Standard |
| Commission Fees | None | Yes | Lower | None | None |
| Lot Size | Standard | Micro/Mini | Standard | Standard | Virtual |
| Available Trading Platforms | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4, MT5 |
| Execution Type | Market | ECN | Market | Market | Market |
| Islamic Account Availability | No | No | No | Yes | No |
| Swap-Free Options | No | No | No | Yes | No |
| Demo Account Features | Yes | Yes | Yes | Yes | Yes |
Standard Account
Advantages:
Low minimum deposit
Suitable for beginners
Access to essential trading tools
Disadvantages:
Higher spreads
Limited advanced features
ECN Account
Advantages:
Low spreads
Fast execution
Suitable for high-frequency trading
Disadvantages:
Higher minimum deposit
Commission fees apply
Pro Account
Advantages:
Tight spreads and lower commissions
Advanced trading tools
Priority support
Disadvantages:
High minimum deposit
Not suitable for beginners
Islamic Account
Advantages:
Swap-free trading
Complies with Sharia law
Accessible with low deposit
Disadvantages:
Limited to specific instruments
May have higher spreads
Demo Account
Advantages:
Risk-free trading
Practice strategies without financial risk
Access to all trading instruments
Disadvantages:
Virtual funds only
No real market experience
Eligibility Criteria:
Age Requirements: Must be at least 18 years old.
Geographic Restrictions: Available in most countries; check specific restrictions.
Prohibited Countries: Countries under sanctions or restrictions may not be eligible.
Identity Verification Documents Needed:
Government-issued ID (passport or national ID)
Proof of address (utility bill or bank statement)
Proof of Residence Requirements:
Recent document showing your name and address.
Additional Documentation for Professional Accounts:
Proof of trading experience or financial background may be required.
KYC/AML Compliance Procedures:
All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
Verification Time Frames:
Typically takes 1-3 business days for account verification.
Issue: Document upload fails.
Solution: Ensure documents are clear and in the correct format.
Issue: Verification delays.
Solution: Contact customer support for assistance.
Demo Account Features and Benefits:
Risk-free environment to practice trading strategies.
Access to all trading instruments available in live accounts.
How to Open a Demo Account:
Follow the same registration process and select the demo account option.
Demo Account Limitations:
Limited to virtual funds; no real trading experience.
Virtual Balance Amount:
Typically set at $10,000 in virtual funds.
Demo vs Live Account Differences:
Demo accounts use virtual funds, while live accounts involve real money.
Duration/Expiry of Demo Accounts:
Demo accounts may expire after a set period, usually 30 days, but can often be renewed.
Swap-Free/Islamic Account Availability:
Yes, available for traders who require compliance with Sharia law.
Eligibility Requirements:
Must declare the need for an Islamic account during registration.
Differences from Standard Accounts:
Islamic accounts do not incur swap fees for overnight positions.
How to Apply for Islamic Account:
Select the Islamic account option during the registration process.
Restrictions or Special Conditions:
Must adhere to Islamic trading principles; no interest-bearing transactions.
Explore broker markets account types: forex/trading accounts with demo access.