gafer offers several account types tailored to different trading needs and experience levels. Below is a detailed overview of each account type:
| Account Type | Minimum Deposit | Spread/Commission Structure | Leverage Options | Key Features | Target User Profile | Trading Instruments Available |
|---|---|---|---|---|---|---|
| Standard | $100 | Variable spreads, no commission | Up to 1:500 | User-friendly interface, access to educational resources | Beginners | Forex, commodities, indices |
| ECN | $500 | Low spreads, commission per trade | Up to 1:200 | Direct market access, faster execution | Advanced traders | Forex, commodities, cryptocurrencies |
| Pro | $1,000 | Tight spreads, lower commission | Up to 1:100 | Advanced trading tools, priority support | Professional traders | Forex, commodities, indices, stocks |
| Islamic | $100 | Variable spreads, no commission | Up to 1:500 | Swap-free, compliant with Sharia law | Muslim traders | Forex, commodities, indices |
| Demo | N/A | N/A | N/A | Practice trading without risk, virtual funds | All levels | Forex, commodities, indices |
The following table compares key features across different gafer account types:
| Feature | Standard | ECN | Pro | Islamic | Demo |
|---|---|---|---|---|---|
| Minimum Deposit | $100 | $500 | $1,000 | $100 | N/A |
| Maximum Leverage | 1:500 | 1:200 | 1:100 | 1:500 | N/A |
| Spreads (Typical/Minimum) | Variable | Low | Tight | Variable | N/A |
| Commission Fees | None | Yes | Yes | None | N/A |
| Lot Size | Standard | Standard | Standard | Standard | N/A |
| Available Trading Platforms | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4, MT5 |
| Execution Type | Market | ECN | Market | Market | N/A |
| Islamic Account Availability | No | No | No | Yes | No |
| Swap-Free Options | No | No | No | Yes | No |
| Demo Account Features | No | No | No | No | Yes |
To open a gafer account, the following eligibility criteria must be met:
gafer adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all users to verify their identity and source of funds.
Account verification typically takes 1-3 business days, depending on the completeness of the submitted documents.
The registration process is similar on both desktop and mobile platforms, but mobile users may have a more streamlined experience with fewer steps.
Typically, account approval takes between 1-3 business days, depending on the verification process.
To change your account type, log in to your account, navigate to the account settings, and follow the prompts to upgrade or downgrade.
The gafer demo account allows traders to practice trading without financial risk.
To open a demo account, visit the gafer website, select the demo account option, and complete the registration process.
Demo accounts usually come with a virtual balance of $10,000.
Demo accounts do not involve real money, while live accounts require actual funds and involve real market conditions.
Demo accounts typically expire after 30 days, but can be renewed upon request.
gafer offers an Islamic account that complies with Sharia law.
The Islamic account is designed for Muslim traders who wish to avoid interest (swap) fees.
To qualify for an Islamic account, traders must provide proof of their Muslim faith.
Islamic accounts do not incur swap fees, making them compliant with Islamic finance principles.
Select the Islamic account option during the registration process and provide the necessary documentation.
Islamic accounts may have specific trading conditions that differ from standard accounts.
Explore broker markets account types: forex/trading accounts with demo access.