Glactic broker Accounts

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

glactic Account Types Explained

Galactic offers a variety of account types tailored to meet the needs of different traders. Below is an overview of the available account types:

1. Transaction Accounts

• Minimum Deposit Requirement:
• Bronze: 0 credits
• Silver: 50,000,000 credits
• Gold: 250,000,000 credits
• Spread/Commission Structure:
• Varies by account type; generally lower for higher-tier accounts.
• Leverage Options:
• Typically up to 1:100, depending on account type.
• Key Features:
• Secure storage for credits, on-demand transactions, and interest accrual.
• Target User Profile:
• Bronze: Beginners or low-usage clients.
• Silver: Regular traders.
• Gold: Active merchants and corporations.
• Trading Instruments Available:
• Primarily currency pairs and commodities.

2. ECN Accounts

• Minimum Deposit Requirement:
• 100,000 credits.
• Spread/Commission Structure:
• Tight spreads with a commission per trade.
• Leverage Options:
• Up to 1:200.
• Key Features:
• Direct market access, faster execution speeds.
• Target User Profile:
• Advanced traders seeking lower costs and higher execution speed.
• Trading Instruments Available:
• Forex, CFDs, and commodities.

3. Pro Accounts

• Minimum Deposit Requirement:
• 500,000 credits.
• Spread/Commission Structure:
• Variable spreads with lower commissions.
• Leverage Options:
• Up to 1:300.
• Key Features:
• Enhanced trading tools, priority customer support.
• Target User Profile:
• Professional traders and institutions.
• Trading Instruments Available:
• Comprehensive range including forex, indices, and commodities.

4. Islamic Accounts

• Minimum Deposit Requirement:
• 100,000 credits.
• Spread/Commission Structure:
• Similar to ECN accounts but without swap fees.
• Leverage Options:
• Up to 1:200.
• Key Features:
• Swap-free trading in compliance with Sharia law.
• Target User Profile:
• Traders seeking halal investment options.
• Trading Instruments Available:
• Forex and commodities.

5. Demo Accounts

• Minimum Deposit Requirement:
• Virtual balance (typically 100,000 credits).
• Spread/Commission Structure:
• Simulated spreads.
• Leverage Options:
• Same as live accounts.
• Key Features:
• Risk-free trading environment for practice.
• Target User Profile:
• Beginners and those testing strategies.
• Trading Instruments Available:
• Same as live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Bronze, Demo
• Intermediate Traders: Silver
• Advanced Traders: Gold, ECN
• Professional Traders: Pro
• Islamic Traders: Islamic Account

Detailed glactic Account Features

Account Features Comparison

Advantages of Each Account Type

• Bronze:
• No minimum deposit.
• Ideal for beginners.
• Basic features for everyday transactions.
• Silver:
• Suitable for regular traders.
• Access to SafeTRADE® benefits.
• Moderate minimum deposit.
• Gold:
• Best for high-volume traders.
• Premium features and support.
• High transaction limits.
• ECN:
• Direct market access.
• Lower trading costs.
• Fast execution speeds.
• Pro:
• Advanced trading tools.
• Priority customer support.
• High leverage options.
• Islamic:
• Compliant with Sharia law.
• No swap fees.
• Suitable for Muslim traders.
• Demo:
• Risk-free environment.
• Practice trading strategies.
• No financial commitment.

Disadvantages of Each Account Type

• Bronze:
• Limited features.
• Not suitable for serious trading.
• Silver:
• Higher minimum deposit than Bronze.
• Limited to basic trading tools.
• Gold:
• High minimum deposit.
• Not suitable for casual traders.
• ECN:
• Requires higher initial investment.
• Commission fees may apply.
• Pro:
• Very high minimum deposit.
• Targeted towards professional traders only.
• Islamic:
• Limited to specific trading instruments.
• May have restrictions on certain trades.
• Demo:
• No real financial gains.
• Limited duration of use.

glactic Account Registration Requirements

Eligibility Criteria

• Age Requirements:
• Must be at least 18 years old.
• Geographic Restrictions:
• Specific regions may be restricted; check the website for details.
• Prohibited Countries:
• Certain countries may be restricted due to regulatory issues.
• Identity Verification Documents Needed:
• Government-issued ID (passport or driver's license).
• Proof of Residence Requirements:
• Utility bill or bank statement with your name and address.
• Additional Documentation for Professional Accounts:
• Proof of trading experience or financial statements may be required.

KYC/AML Compliance Procedures

• All clients must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Documentation must be submitted for verification before account activation.

Verification Time Frames

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

Step-by-Step glactic Account Opening Guide

Registration Process

1. Visit the Website: Go to the official Galactic platform.
2. Click Registration: Find and click the "Register" button.
3. Personal Information Entry: Fill out the required personal details, including name, email, and phone number.
4. Choose Account Type: Select the desired account type based on your trading needs.
5. Set Trading Preferences: Indicate your trading preferences and goals.
6. Document Upload: Upload the necessary identification and proof of residence documents.
7. Account Verification: Wait for the verification process to be completed.
8. Fund Your Account: Deposit the minimum required amount to start trading.
9. Start Trading: Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile users may have a simplified interface.

Common Registration Issues and Solutions

• Issue: Verification email not received.
• Solution: Check spam/junk folders or request a new verification email.
• Issue: Document upload fails.
• Solution: Ensure documents are in the correct format and size.

Average Account Approval Time

• Most accounts are approved within 1-3 business days, depending on the volume of applications.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of your account type.

glactic Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading.
• Access to all trading instruments available in live accounts.
• Ability to test strategies without financial risk.

How to Open a Demo Account

• Follow the same registration process, selecting the demo account option.

Demo Account Limitations

• Virtual balance may be limited (e.g., 100,000 credits).
• Typically expires after a set period (e.g., 30 days).

Virtual Balance Amount

• Usually set at 100,000 credits for practice.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Demo accounts may have limited features compared to live accounts.

Duration/Expiry of Demo Accounts

• Demo accounts generally expire after 30 days unless extended.

glactic Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available for traders who require swap-free trading options.

Eligibility Requirements

• Must comply with Islamic finance principles.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees but may have different spreads or commissions.

How to Apply for Islamic Account

• Indicate the need for an Islamic account during the registration process.

Restrictions or Special Conditions

• May have limitations on certain trading instruments or strategies.

FAQs – glactic Account Types & Opening

1. What account types does glactic offer？

• Galactic offers Bronze, Silver, Gold, ECN, Pro, Islamic, and Demo accounts.

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

• Bronze: 0 credits, Silver: 50,000,000 credits, Gold: 250,000,000 credits, ECN: 100,000 credits, Pro: 500,000 credits, Islamic: 100,000 credits.

1. How long does glactic account verification take？

• Verification typically takes 1-3 business days.

1. Does glactic offer demo accounts？

• Yes, glactic offers demo accounts for practice trading.

1. Can I have multiple account types with glactic？

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

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

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

1. What documents do I need to open a glactic 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 through customer support.