Geo Markets Account Type

Geo Markets offers a range of trading account types tailored to different trader profiles, including:

• Standard Account
• Best for: Casual traders.
• Minimum Deposit: $200.
• Spread: From 1.0 pips.
• Commissions: None.
• Markets Offered: Access to over 600 assets, including forex pairs, indices, commodities, shares, and cryptocurrencies.
• Leverage: Up to 1:500.
• Platforms: MetaTrader 4 and MetaTrader 5.
• Special Features: VPS available for $10/month or free with a trading volume of 10 lots in a month.
• Go Plus+ Account
• Best for: Algorithmic and high-volume traders.
• Minimum Deposit: $200.
• Spread: From 0.0 pips.
• Commissions: $3.00 per side on a standard lot.
• Markets Offered: Similar to the Standard Account.
• Leverage: Up to 1:500.
• Platforms: MetaTrader 4 and MetaTrader 5.
• Special Features: Access to advanced trading tools and features.
• Pro Account
• Best for: Experienced traders and institutional clients.
• Minimum Deposit: $3,000.
• Spread: From 0.0 pips.
• Commissions: $7 per lot on forex and metals; $2 per lot on commodities and indices.
• Leverage: Up to 1:300.
• Platforms: MetaTrader 4 and MetaTrader 5.
• Special Features: Dedicated account manager and priority customer support.
• Islamic Account
• Best for: Traders adhering to sharia law.
• Features: Operates without swap fees or interest on overnight positions.
• Demo Account
• Best for: Beginners wanting to practice trading.
• Features: Simulated trading environment with virtual money; no expiration.

Geo Markets Broker Account Opening Process

Opening an account with Geo Markets is straightforward and can be completed online in just one day. The steps include:

• Registration: Visit the Geo Markets website and fill out the registration form.
• Personal Data: Provide personal information such as name, email, phone number, and country of residence.
• Account Type Selection: Choose the account type that suits your trading needs (Standard, Go Plus+, Pro, or Demo).
• Identity Verification: Upload documents to verify your identity, such as:
• Proof of Identity: Passport, driver's license, or identity card.
• Proof of Address: Recent utility bill or bank statement not older than 3 months.
• Trading Preferences: Answer a trading experience survey and add your trading preferences.
• Funding: Fund your account using various methods (credit/debit card, bank transfer, etc.) to start trading.

The minimum deposit required to activate a live trading account is $200, and there are no internal fees for deposits or withdrawals, although third-party processing fees may apply.