| Account Type | Minimum Deposit | Spread (pips) | Commission | Leverage | Key Features |
|---|---|---|---|---|---|
| Standard | $100 | From 1.0 | None | Up to 1:500 | Educational resources, market analysis |
| ECN | $500 | From 0.0 | $3/lot | Up to 1:200 | Direct market access, lower spreads |
| Pro | $1,000 | From 0.5 | $2/lot | Up to 1:300 | Advanced tools, priority support |
| Islamic | $100 | From 1.0 | None | Up to 1:500 | Swap-free trading |
| Demo | Virtual funds | From 1.0 | None | Up to 1:500 | Risk-free environment |
| 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 | 1:300 | 1:500 | 1:500 |
| Spreads (Typical) | From 1.0 pips | From 0.0 pips | From 0.5 pips | From 1.0 pips | From 1.0 pips |
| Commission Fees | None | $3/lot | $2/lot | None | None |
| Lot Size | Standard | Micro, Mini, Standard | Micro, Mini, Standard | Standard | Standard |
| Available 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 | No | No | No | No | Yes |
Standard Account:
Low minimum deposit.
Educational resources available.
Suitable for beginners.
ECN Account:
Lower spreads and faster execution.
Direct market access.
Ideal for scalpers.
Pro Account:
Advanced trading tools.
Tailored services for professionals.
Priority customer support.
Islamic Account:
Complies with Islamic finance principles.
Swap-free trading.
Demo Account:
Risk-free environment.
Practice trading strategies without financial risk.
Standard Account:
Higher spreads compared to ECN accounts.
Limited advanced features.
ECN Account:
Higher minimum deposit.
Commission fees apply.
Pro Account:
High minimum deposit requirement.
Not suitable for beginners.
Islamic Account:
Limited availability of advanced features.
Demo Account:
No real financial gain.
Limited duration for practice.
Eligibility Criteria:
Age Requirements: Must be at least 18 years old.
Geographic Restrictions: Available in most countries; specific restrictions may apply.
Prohibited Countries: Countries under international sanctions may be prohibited.
Identity Verification Documents Needed:
Government-issued ID (passport or driver's license).
Proof of residence (utility bill or bank statement).
Additional Documentation for Professional Accounts:
Business registration documents (if applicable).
Proof of professional trading experience.
KYC/AML Compliance Procedures:
Completion of Know Your Customer (KYC) forms.
Anti-Money Laundering (AML) checks conducted.
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 takes longer than expected.
Solution: Contact customer support for assistance.
Demo Account Features and Benefits:
Access to all trading instruments.
Risk-free trading environment.
Ability to practice strategies without financial loss.
How to Open a Demo Account:
Follow the registration process and select the demo account option.
Demo Account Limitations:
Limited duration (usually 30 days).
Virtual funds only.
Virtual Balance Amount:
Typically set at $10,000 for practice.
Demo vs Live Account Differences:
Demo accounts use virtual funds, while live accounts involve real money.
Market conditions may differ slightly due to liquidity.
Duration/Expiry of Demo Accounts:
Demo accounts usually expire after 30 days of inactivity.
Swap-Free/Islamic Account Availability:
Available for traders who require compliance with Islamic finance principles.
Eligibility Requirements:
Must provide documentation confirming adherence to Islamic finance principles.
Differences from Standard Accounts:
No swap fees applied to overnight positions.
How to Apply for Islamic Account:
Select the Islamic account option during the registration process and provide necessary documentation.
Restrictions or Special Conditions:
Must comply with Islamic finance regulations.
Explore broker markets account types: forex/trading accounts with demo access.