GEC broker Accounts

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

gec Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 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.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips, commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, faster execution.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads starting from 0.5 pips, commission of $2 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Advanced trading tools, priority support.
• Target User Profile: Professional traders.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Swap-free trading.
• Target User Profile: Traders adhering to Islamic finance principles.
• Trading Instruments Available: Forex, commodities.

1. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically $10,000).
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading without risk, access to all trading instruments.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed gec Account Features

Features Comparison Across Account Types

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• User-friendly for beginners.

• No commission fees.

• ECN Account:

• Tight spreads for scalping.

• Direct market access.

• Faster execution speeds.

• Pro Account:

• Lower commission fees.

• Advanced trading tools.

• Priority customer support.

• Islamic Account:

• Complies with Islamic finance principles.

• No swap fees.

• Demo Account:

• Risk-free trading environment.

• Access to all trading instruments.

• Ideal for strategy testing.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit.

• Commission fees may reduce profitability.

• Pro Account:

• Higher minimum deposit.

• Commission fees apply.

• Islamic Account:

• Limited availability for advanced features.

• May have higher spreads.

• Demo Account:

• No real profits.

• Limited to virtual trading.

gec Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries, but specific restrictions may apply.
• Prohibited Countries: Countries under international sanctions or restrictions.
• 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 the applicant's name and address.
• Additional Documentation for Professional Accounts: May require proof of trading experience and financial status.

KYC/AML Compliance Procedures

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Verification of identity and address is mandatory.

Verification Time Frames

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

Step-by-Step gec Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Go to the official GEC website and find the registration link.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Indicate trading preferences and risk tolerance.
5. Document Upload: Upload required identity verification documents.
6. Account Verification: Wait for the account to be verified by the GEC team.
7. Fund Your Account: Deposit the minimum required amount to activate your 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, but the mobile interface may have fewer options and features.

Common Registration Issues and Solutions

• Issue: Document upload errors.
• 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 document verification.

How to Upgrade/Downgrade Account Types

• Log into your account and navigate to the account settings to request an upgrade or downgrade.

gec Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment for practicing trading strategies.
• Access to all trading instruments available in live accounts.
• Ideal for beginners to familiarize themselves with the trading platform.

How to Open a Demo Account

• Visit the GEC website and select the demo account option.
• Fill out the registration form and submit.

Demo Account Limitations

• Virtual balance is not real money and cannot be withdrawn.
• Limited duration based on the broker's policy (usually 30-90 days).

Virtual Balance Amount

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

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.
• Demo accounts may have different trading conditions compared to live accounts.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30-90 days of inactivity, depending on the broker's policy.

gec Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available for traders who adhere to Islamic finance principles.

Eligibility Requirements

• Must provide documentation confirming adherence to Islamic finance principles.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees and are structured to comply with Sharia law.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process and provide necessary documentation.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions, such as higher spreads.

FAQs – gec Account Types & Opening

1. What account types does gec offer？

• gec 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: Virtual balance.

1. How long does gec account verification take？

• Verification typically takes 1-3 business days.

1. Does gec offer demo accounts？

• Yes, gec offers demo accounts for practice trading.

1. Can I have multiple account types with gec？

• Yes, you can open multiple account types.

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

• Yes, gec offers Islamic accounts that are swap-free.

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

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

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type.