| Account Type | Minimum Deposit | Spread | Leverage | Key Features | Target Profile |
|---|---|---|---|---|---|
| Standard | $100 | From 1.0 pips | 1:500 | Basic trading features | Beginners |
| ECN | $500 | From 0.0 pips | 1:200 | Direct market access | Advanced traders |
| Pro | $1,000 | Competitive | 1:100 | Advanced tools, priority support | Professional traders |
| Islamic | $500 | Similar to others | 1:200 | Swap-free, Sharia compliant | Muslim traders |
| Demo | Virtual funds | Same as live | 1:500 | Risk-free practice | All trader levels |
Minimum Deposit:
Standard: $100
ECN: $500
Pro: $1,000
Islamic: $500
Demo: Virtual funds
Maximum Leverage:
Standard: 1:500
ECN: 1:200
Pro: 1:100
Islamic: 1:200
Demo: 1:500
Spreads (Typical/Minimum):
Standard: From 1.0 pips
ECN: From 0.0 pips
Pro: Competitive
Islamic: Similar to Standard or ECN
Demo: Same as live accounts
Commission Fees:
Standard: None
ECN: Yes, based on volume
Pro: Yes, competitive rates
Islamic: None
Demo: None
Lot Size:
Standard: Micro and Standard
ECN: Micro, Mini, and Standard
Pro: Mini and Standard
Islamic: Micro and Standard
Demo: Micro and Standard
Available Trading Platforms:
Standard: MT4, MT5
ECN: MT4, MT5
Pro: MT4, MT5, Proprietary
Islamic: MT4, MT5
Demo: MT4, MT5
Execution Type:
Standard: Market
ECN: Instant
Pro: Market
Islamic: Market
Demo: Market
Islamic Account Availability:
Yes, for Standard, ECN, Pro, and Islamic accounts.
Swap-Free Options:
Available for Islamic accounts.
Demo Account Features:
Unlimited access to virtual funds, no time limit on practice.
Standard Account:
Easy to open
No commission fees
Suitable for beginners
Access to educational resources
ECN Account:
Lower spreads
Faster execution
Direct market access
Ideal for scalpers
Pro Account:
Advanced trading tools
Priority support
Competitive spreads
Suitable for high-volume traders
Islamic Account:
Compliant with Sharia law
No swap fees
Access to all trading instruments
Suitable for Muslim traders
Demo Account:
Risk-free trading
Practice with real market conditions
Unlimited access to features
Ideal for testing strategies
Standard Account:
Higher spreads compared to ECN
Limited advanced features
ECN Account:
Requires higher minimum deposit
Commission fees can add up
Pro Account:
Higher minimum deposit requirement
May not be suitable for casual traders
Islamic Account:
Limited availability in some regions
May have restrictions on certain trading strategies
Demo Account:
No real profits
Limited to virtual funds
May not reflect emotional aspects of trading
Eligibility Criteria:
Age Requirements: Must be at least 18 years old.
Geographic Restrictions: Available in most countries; check specific restrictions.
Prohibited Countries: Countries under international sanctions.
Identity Verification Documents Needed:
Government-issued ID (passport or driver's license)
Social Security Number (for U.S. residents)
Proof of Residence Requirements:
Utility bill or bank statement with your name and address.
Additional Documentation for Professional Accounts:
Proof of trading experience
Financial statements
KYC/AML Compliance Procedures:
Complete identity verification
Source of funds verification
Verification Time Frames:
Typically takes 1-3 business days.
Demo Account Features and Benefits:
Access to all trading instruments
Practice trading strategies without risk
Unlimited virtual funds
How to Open a Demo Account:
Follow the same registration process, selecting the demo account option.
Demo Account Limitations:
No real profits can be made.
May not reflect real market conditions perfectly.
Virtual Balance Amount:
Typically set at $10,000 or more.
Demo vs Live Account Differences:
Live accounts involve real money and emotional factors, while demo accounts are risk-free.
Duration/Expiry of Demo Accounts:
Generally unlimited, but check specific terms.
Swap-Free/Islamic Account Availability:
Available for Standard, ECN, Pro, and Islamic accounts.
Eligibility Requirements:
Must adhere 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 registration and provide necessary documentation.
Restrictions or Special Conditions:
Must comply with Sharia law in trading practices.
Explore broker markets account types: forex/trading accounts with demo access.