GC broker Accounts

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

gc Account Types Explained

When considering trading with gc, it's essential to understand the various account types available. Each account type is tailored to meet specific trading needs and preferences. Below is a breakdown of the different gc account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: User-friendly interface, suitable for beginners.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of $5 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, and fast execution.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, cryptocurrencies, metals.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Competitive spreads starting from 0.5 pips; commission of $3 per lot.
• Leverage Options: Up to 1:400.
• Key Features: Advanced trading tools and analytics.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and more.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard account, but swap-free.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law, no interest on overnight positions.
• Target User Profile: Muslim traders seeking compliance with Islamic finance principles.
• Trading Instruments Available: Forex, commodities.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance of $10,000.
• Spread/Commission Structure: Same as Standard account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free trading environment, practice strategies without real money.
• Target User Profile: Beginners and traders testing new strategies.
• Trading Instruments Available: All instruments available in live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginner: Standard Account
• Intermediate: Pro Account
• Advanced: ECN Account
• Muslim Traders: Islamic Account
• Practice: Demo Account

Detailed gc Account Features

Feature Comparison Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• Easy to use for beginners.

• No commission fees.

• Wide range of trading instruments.

• ECN Account:

• Tight spreads and fast execution.

• Ideal for scalping and high-frequency trading.

• Direct access to the interbank market.

• Pro Account:

• Advanced trading tools and analytics.

• Competitive commission structure.

• Suitable for institutional trading.

• Islamic Account:

• Complies with Islamic finance laws.

• No interest on overnight positions.

• Available for all trading instruments.

• Demo Account:

• Risk-free trading environment.

• Opportunity to practice strategies.

• Access to all trading features.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• Limited advanced features.

• ECN Account:

• Requires a higher minimum deposit.

• Commission fees may add up for frequent traders.

• Pro Account:

• Higher minimum deposit requirement.

• May not be suitable for casual traders.

• Islamic Account:

• Limited availability of certain features.

• May have restrictions on certain trading strategies.

• Demo Account:

• No real money involved.

• May not reflect actual trading conditions.

gc Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to traders globally, but specific countries may be restricted.
• 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 documents showing your name and address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• gc adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring verification of identity and source of funds.

Verification Time Frames

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

Step-by-Step gc Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Navigate to the gc trading platform and click on 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 based on your trading needs.
4. Set Trading Preferences: Specify trading preferences such as leverage and trading instruments.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to be completed.
7. Fund Your Account: Deposit funds into your account using available payment methods.
8. Start Trading: Once verified and funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile, but the interface may vary slightly. Mobile users may have a more streamlined experience.

Common Registration Issues and Solutions

• Issue: Document upload errors.
• Solution: Ensure documents are clear and meet the required format.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Most accounts are approved within 1-3 business days, depending on the completeness of the application.

How to Upgrade/Downgrade Account Types

• Account types can be changed by contacting customer support and providing the necessary documentation for the new account type.

gc Demo Account Guide

Demo Account Features and Benefits

• The demo account allows traders to practice without financial risk, using virtual funds to simulate real trading conditions.

How to Open a Demo Account

• Visit the gc website, select the demo account option, and follow the registration steps similar to opening a live account.

Demo Account Limitations

• The demo account is limited to virtual funds and may not reflect actual market conditions perfectly.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts do not involve real money, while live accounts require actual funds and carry real risks.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for a limited time, often 30 days, but this can vary by broker.

gc Islamic Account Details

Swap-free/Islamic Account Availability

• gc offers Islamic accounts that comply with Sharia law, ensuring no interest is charged on overnight positions.

Eligibility Requirements

• Traders must declare their intention to open an Islamic account and provide relevant documentation.

Differences from Standard Accounts

• Islamic accounts typically have similar features to standard accounts but are structured to avoid interest.

How to Apply for Islamic Account

• Apply for an Islamic account during the registration process by selecting the option for swap-free accounts.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions, such as restrictions on certain instruments or strategies.

FAQs – gc Account Types & Opening

1. What account types does gc offer？

• gc 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: $0.

1. How long does gc account verification take？

• Verification typically takes 1-3 business days.

1. Does gc offer demo accounts？

• Yes, gc provides demo accounts for practice trading.

1. Can I have multiple account types with gc？

• Yes, traders can hold multiple account types.

1. Does gc offer Islamic/swap-free accounts？

• Yes, gc offers Islamic accounts that comply with Sharia law.

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

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

1. Can I change my account type after registration？

• Yes, account types can be changed by contacting customer support.