GEN-I broker Accounts

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

Part 1: gen i Account Types Overview

gen i Account Types Explained

The gen i trading platform offers various account types tailored to meet the needs of different traders. Below is a detailed overview of each account type available:

Recommended Account Types by Trader Level

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

Part 2: gen i Account Features Comparison

Detailed gen i Account Features

The following table compares the features across different gen i account types:

Advantages of Each Account Type

• Standard Account: Easy to open, no commission fees, suitable for beginners.
• ECN Account: Direct market access, lower spreads, ideal for scalpers.
• Pro Account: Advanced tools, fixed spreads, best for professional traders.
• Islamic Account: Complies with Sharia law, no swap fees.
• Demo Account: Risk-free trading environment, practice strategies without financial risk.

Disadvantages of Each Account Type

• Standard Account: Higher spreads compared to ECN.
• ECN Account: Requires a higher minimum deposit, commissions can add up.
• Pro Account: High minimum deposit, may not be suitable for casual traders.
• Islamic Account: Limited availability of certain trading instruments.
• Demo Account: Limited time for practice, does not reflect real trading conditions.

Part 3: gen i Account Opening Requirements

gen i Account Registration Requirements

To open a gen i account, the following eligibility criteria must be met:

• Age Requirements: Minimum age of 18 years.
• Geographic Restrictions: Availability may vary by country; check local regulations.
• Prohibited Countries: Specific countries may be restricted from opening accounts (details not provided).
• Identity Verification Documents Needed: Government-issued ID (passport or driver's license).
• Proof of Residence Requirements: Utility bill or bank statement showing your name and address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial statements.

KYC/AML Compliance Procedures

• gen i adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring verification of identity and residence.

Verification Time Frames

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

Part 4: gen i Account Opening Process

Step-by-Step gen i Account Opening Guide

1. Visit Website: Go to the gen i official website and click on the registration button.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type from the options available.
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the account to be verified by gen i.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once funded, you can start trading on the platform.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with minor interface differences.

Common Registration Issues and Solutions

• Issue: Document upload errors.

  Solution: Ensure documents are clear and in the correct format.

• Issue: Verification delays.

  Solution: Contact customer support for assistance.

Average Account Approval Time

• The average time for account approval is between 1 to 3 business days.

How to Upgrade/Downgrade Account Types

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

Part 5: gen i Demo Account Information

gen i Demo Account Guide

The gen i demo account offers several features and benefits for traders looking to practice their skills:

• Demo Account Features: Access to the same trading platform and tools as live accounts.
• How to Open a Demo Account: Select the demo account option during the registration process.
• Demo Account Limitations: Limited duration (typically 30 days) and virtual funds only.
• Virtual Balance Amount: Usually set at $10,000 or more for practice.
• Demo vs Live Account Differences: Demo accounts do not involve real money, and trading conditions may differ from live accounts.
• Duration/Expiry of Demo Accounts: Demo accounts typically expire after 30 days of inactivity.

Part 6: gen i Islamic Account (if available)

gen i Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, gen i offers an Islamic account option.
• Eligibility Requirements: Must be a practicing Muslim and provide relevant documentation.
• Differences from Standard Accounts: Islamic accounts do not incur swap fees, adhering to Sharia law.
• How to Apply for Islamic Account: Select the Islamic account option during registration and provide necessary documentation.
• Restrictions or Special Conditions: Must comply with Islamic trading principles.

FAQs – gen i Account Types & Opening

1. What account types does gen i offer？

• gen i 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: $500, Demo: N/A.

1. How long does gen i account verification take？

• Verification typically takes 1-3 business days.

1. Does gen i offer demo accounts？

• Yes, gen i provides a demo account for practice trading.

1. Can I have multiple account types with gen i？

• Yes, you can have multiple account types, but you may need to contact customer support for changes.

1. Does gen i offer Islamic/swap-free accounts？

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

1. What documents do I need to open a gen i 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.