Global Market Index Limited broker Accounts

global market index limited Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

global market index limited Account Types Explained

Global Market Index Limited offers several account types tailored to different trading needs and experience levels. Below is a detailed overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features:
• Access to a wide range of trading instruments.
• Suitable for beginners and casual traders.
• Target User Profile: Beginner to intermediate traders.
• Trading Instruments Available: Forex, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads from 0.0 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features:
• Direct market access.
• Ideal for scalpers and high-frequency traders.
• Target User Profile: Advanced traders.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads from 0.5 pips; commission of $2 per lot.
• Leverage Options: Up to 1:300.
• Key Features:
• Enhanced trading conditions.
• Suitable for professional traders.
• Target User Profile: Professional and institutional traders.
• Trading Instruments Available: Forex, commodities, indices, stocks.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to the Standard Account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features:
• Compliant with Islamic finance principles.
• No interest charges.
• Target User Profile: Muslim traders seeking Sharia-compliant trading.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds provided).
• Spread/Commission Structure: Similar to the Standard Account.
• Leverage Options: Up to 1:500.
• Key Features:
• Practice trading with virtual funds.
• Access to real market conditions.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account or Demo Account.
• Intermediate: Standard Account or Pro Account.
• Advanced: ECN Account.
• Professional: Pro Account.

Detailed global market index limited Account Features

Comparison of Features Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• Suitable for beginners.

• ECN Account:

• Tight spreads.

• Direct market access.

• Ideal for scalping.

• Pro Account:

• Lower commission fees.

• Enhanced trading conditions.

• Suitable for professional traders.

• Islamic Account:

• Compliant with Islamic finance.

• No interest charges.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Practice without financial commitment.

• Access to real market conditions.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit.

• Commission fees apply.

• Pro Account:

• High minimum deposit.

• Commission fees apply.

• Islamic Account:

• Limited to specific trading conditions.

• May not offer all features of other accounts.

• Demo Account:

• Limited duration.

• No real financial gains.

global market index limited Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to most countries; specific restrictions may apply.
• Prohibited Countries: Countries under international sanctions may be restricted.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID).
• Proof of income (if applicable).
• Proof of Residence Requirements:
• Utility bill or bank statement dated within the last three months.
• Additional Documentation for Professional Accounts:
• Proof of trading experience or financial status may be required.

KYC/AML Compliance Procedures

• All accounts must comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.
• Verification of identity and residence is mandatory.

Verification Time Frames

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

Step-by-Step global market index limited Account Opening Guide

Registration Process

1. Visit Website: Go to the Global Market Index Limited website.
2. Click Registration: Click on the "Open Account" button.
3. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
4. Choose Account Type: Select the account type that suits your trading needs.
5. Set Trading Preferences: Specify your trading preferences, such as leverage and trading instruments.
6. Document Upload: Upload required identification and proof of residence documents.
7. Account Verification: Wait for account verification, which may take 1-3 business days.
8. Fund Your Account: Deposit the minimum required amount to activate your account.
9. Start Trading: Once your account is funded and verified, you can start trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, though the mobile interface may have a more streamlined design.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are clear and in the required format (PDF, JPEG).
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Most accounts are approved within 1-3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

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

global market index limited Demo Account Guide

Demo Account Features and Benefits

• Features:
• Access to real market conditions.
• Virtual funds for risk-free trading.
• Ability to practice strategies without financial risk.

How to Open a Demo Account

• Visit the Global Market Index Limited website and select the option to open a demo account. Follow the registration steps similar to a live account.

Demo Account Limitations

• Limited duration (typically 30 days).
• No real financial gains.

Virtual Balance Amount

• Demo accounts typically come with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.
• Live accounts incur real trading risks and potential profits or losses.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity.

global market index limited Islamic Account Details

Swap-Free/Islamic Account Availability

• Yes, Global Market Index Limited offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Must provide documentation confirming the need for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees and are structured to comply with Islamic finance principles.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process and provide necessary documentation.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions that differ from standard accounts.

FAQs – global market index limited Account Types & Opening

1. What account types does global market index limited offer？

• Global Market Index Limited 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: $100, Demo: N/A.

1. How long does global market index limited account verification take？

• Account verification typically takes 1-3 business days.

1. Does global market index limited offer demo accounts？

• Yes, a demo account is available for practice trading.

1. Can I have multiple account types with global market index limited？

• Yes, you can open multiple account types.

1. Does global market index limited offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available.

1. What documents do I need to open a global market index limited 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.