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

Part 1: genetic markets Account Types Overview

genetic markets Account Types Explained

Genetic Markets offers several account types tailored to different trading needs and experience levels. Below is an overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: No commission; spreads from 1.0 to 1.3 pips
• Leverage Options: Up to 1:500
• Key Features: No commission fees, suitable for beginners
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex, commodities, indices, stocks, cryptocurrencies

1. Raw Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Spreads from 0.0 to 0.3 pips; commission of $2.25 per side
• Leverage Options: Up to 1:500
• Key Features: Tight spreads, ideal for scalpers and high-frequency traders
• Target User Profile: Advanced and professional traders
• Trading Instruments Available: Forex, commodities, indices, stocks, cryptocurrencies

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (amount varies)
• Spread/Commission Structure: Same as live accounts
• Leverage Options: Same as live accounts
• Key Features: Risk-free environment to practice trading strategies
• Target User Profile: Beginners and traders testing strategies
• Trading Instruments Available: Forex, commodities, indices, stocks, cryptocurrencies

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Advanced Traders: Raw Account
• Testing Strategies: Demo Account

Part 2: genetic markets Account Features Comparison

Detailed genetic markets Account Features

When comparing features across different account types, the following aspects are crucial:

• Minimum Deposit:

• Standard Account: $100

• Raw Account: $100

• Demo Account: Virtual funds

• Maximum Leverage:

• All account types: Up to 1:500

• Spreads (Typical/Minimum):

• Standard Account: 1.0 - 1.3 pips

• Raw Account: 0.0 - 0.3 pips

• Commission Fees:

• Standard Account: None

• Raw Account: $2.25 per side

• Lot Size:

• Standard Account: 0.01 lots to 100 lots

• Raw Account: 0.01 lots to 100 lots

• Available Trading Platforms:

• Both Standard and Raw Accounts: MT4, MT5

• Execution Type:

• Standard Account: Market execution

• Raw Account: ECN execution

• Islamic Account Availability:

• Available upon request for both account types

• Swap-Free Options:

• Available for Islamic accounts

• Demo Account Features:

• Same trading conditions as live accounts, but with virtual funds

Advantages of Each Account Type

• Standard Account:

• No commission fees

• Suitable for beginners

• Access to a wide range of trading instruments

• User-friendly trading environment

• Raw Account:

• Tight spreads for cost-effective trading

• Ideal for scalpers and high-frequency traders

• Access to advanced trading tools

• High leverage options

• Demo Account:

• Risk-free trading environment

• Ability to practice strategies without financial risk

• Access to all trading instruments

• No time limit on practice

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to Raw Accounts

• Limited to market execution

• Raw Account:

• Commission fees may add to trading costs

• More suitable for experienced traders

• Demo Account:

• Virtual funds may not reflect real market conditions

• Limited duration for practice (varies by broker)

Part 3: genetic markets Account Opening Requirements

genetic markets Account Registration Requirements

To open an account with Genetic Markets, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to most countries, but specific restrictions may apply based on local regulations.
• Prohibited Countries: Countries under sanctions or with strict trading regulations may be prohibited.
• Identity Verification Documents Needed:
• Government-issued ID (passport or driver's license)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Must provide a document showing the current residential address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

Genetic Markets adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to verify their identity and address before trading.

Verification Time Frames

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

Part 4: genetic markets Account Opening Process

Step-by-Step genetic markets Account Opening Guide

1. Visit Website and Click Registration: Go to the official Genetic Markets website and click on the "Sign Up" button.
2. Personal Information Entry: Fill in personal details, including name, email, and phone number.
3. Choose Account Type: Select the desired account type (Standard, Raw, or Demo).
4. Set Trading Preferences: Specify trading preferences and base currency.
5. Document Upload: Upload required identity verification documents.
6. Account Verification: Wait for account verification by Genetic Markets.
7. Fund Your Account: Once approved, deposit funds to activate the 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 platforms, but the mobile interface may have a more streamlined design for ease of use.

Common Registration Issues and Solutions

• Issue: Verification email not received.
• Solution: Check spam/junk folders or request a new verification email.
• Issue: Document upload errors.
• Solution: Ensure documents are clear and meet the specified requirements.

Average Account Approval Time

Account approval typically takes 1-3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

Clients can request to upgrade or downgrade their account type through the client portal or by contacting customer support.

Part 5: genetic markets Demo Account Information

genetic markets Demo Account Guide

The demo account offered by Genetic Markets provides a risk-free environment for traders to practice their skills.

• Demo Account Features and Benefits:

• Access to all trading instruments

• Same trading conditions as live accounts

• Ideal for testing strategies without financial risk

• How to Open a Demo Account: Follow the same registration process as for a live account, selecting the demo option.

• Demo Account Limitations: Limited to virtual funds; may not reflect real market conditions.

• Virtual Balance Amount: Typically set by the broker (amount may vary).

• Demo vs Live Account Differences: Demo accounts use virtual funds, while live accounts involve real money trading.

• Duration/Expiry of Demo Accounts: Demo accounts may have a set expiry date, usually ranging from 30 days to several months, depending on the broker's policies.

Part 6: genetic markets Islamic Account Details

genetic markets Islamic Account Details

Genetic Markets offers Islamic accounts that comply with Sharia law.

• Swap-Free/Islamic Account Availability: Available upon request for clients who require it.
• Eligibility Requirements: Must provide documentation to confirm the need for an Islamic account.
• Differences from Standard Accounts: Islamic accounts do not incur swap fees, aligning with Islamic finance principles.
• How to Apply for Islamic Account: Request through the account registration process or contact customer support.
• Restrictions or Special Conditions: Islamic accounts may have specific trading conditions; clients should verify these with the broker.

FAQs – genetic markets Account Types & Opening

1. What account types does genetic markets offer？

• Genetic Markets offers Standard, Raw, and Demo accounts.

1. What is the minimum deposit for each account type？

• The minimum deposit for both Standard and Raw accounts is $100.

1. How long does genetic markets account verification take？

• Account verification typically takes 1-3 business days.

1. Does genetic markets offer demo accounts？

• Yes, Genetic Markets offers demo accounts for practice trading.

1. Can I have multiple account types with genetic markets？

• Yes, clients can hold multiple account types.

1. Does genetic markets offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available upon request.

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

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

1. Can I change my account type after registration？

• Yes, clients can request to upgrade or downgrade their account type.