GLOBAL PLM broker Accounts

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

Part 1: global plm Account Types Overview

global plm Account Types Explained

PLM Global Markets offers several account types tailored to different trading needs and experience levels. Below is a detailed overview of each account type:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Spreads starting from 1.4 pips, no commission fees.
• Leverage Options: Up to 1:500.
• Key Features: User-friendly interface, suitable for beginners.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000.
• Spread/Commission Structure: Spreads starting from 1.4 pips, no commission fees.
• Leverage Options: Up to 1:500.
• Key Features: Access to advanced trading tools and analytics.
• Target User Profile: Intermediate to advanced traders.
• Trading Instruments Available: Over 800 trading instruments including forex, stocks, and commodities.

1. ECN Account

• Minimum Deposit Requirement: $5,000.
• Spread/Commission Structure: Variable spreads, commission fees apply.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices.

1. Islamic Account

• Minimum Deposit Requirement: $100.
• Spread/Commission Structure: Similar to Standard Account, but swap-free.
• Leverage Options: Up to 1:500.
• Key Features: Compliant with Islamic finance principles.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (amount varies).
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free environment for practice.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Same as Standard Account.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account or Demo Account.
• Intermediate Traders: Pro Account.
• Advanced Traders: ECN Account.
• Muslim Traders: Islamic Account.

Part 2: global plm Account Features Comparison

Detailed global plm Account Features

The following features are compared across the different account types:

• Minimum Deposit:

• Standard: $100

• Pro: $1,000

• ECN: $5,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:500

• Pro: 1:500

• ECN: 1:200

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.4 pips

• Pro: From 1.4 pips

• ECN: Variable

• Islamic: From 1.4 pips

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• Pro: None

• ECN: Yes

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro (0.01)

• Pro: Mini (0.1)

• ECN: Standard (1.0)

• Islamic: Micro (0.01)

• Demo: Micro (0.01)

• Available Trading Platforms:

• Standard: MT4, MT5

• Pro: MT4, MT5

• ECN: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• Pro: Market

• ECN: ECN

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: Yes

• Pro: Yes

• ECN: Yes

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Standard: Yes

• Pro: Yes

• ECN: Yes

• Islamic: Yes

• Demo: No

• Demo Account Features:

• Virtual balance for practice.

• Access to all trading instruments available in Standard Account.

• Duration typically unlimited, but may vary by broker.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• Suitable for beginners.

• Pro Account:

• Access to advanced trading tools.

• No commission fees.

• Ideal for intermediate traders.

• ECN Account:

• Direct market access.

• Lower spreads.

• Suitable for professional trading.

• Islamic Account:

• Compliant with Islamic finance principles.

• No swap fees.

• Available for all trading instruments.

• Demo Account:

• Risk-free trading environment.

• Practice with virtual funds.

• Ideal for testing strategies.

Disadvantages of Each Account Type

• Standard Account:

• Limited advanced features.

• Higher spreads compared to ECN.

• Pro Account:

• Higher minimum deposit.

• Limited to intermediate traders.

• ECN Account:

• Higher minimum deposit.

• Commission fees apply.

• Islamic Account:

• May have limited trading instruments compared to other accounts.

• Demo Account:

• No real money trading.

• May not fully replicate live trading conditions.

Part 3: global plm Account Opening Requirements

global plm Account Registration Requirements

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

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Services are not available to residents of certain countries, including the United States, European Union member states, Sudan, Syria, Iran, North Korea, and Myanmar.
• Prohibited Countries: Specific regions are restricted from opening accounts.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID).
• Proof of residence (utility bill or bank statement).
• Proof of Residence Requirements: Recent documents showing your name and address.
• Additional Documentation for Professional Accounts: May include financial statements or proof of trading experience.

KYC/AML Compliance Procedures

PLM Global Markets adheres to strict KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, requiring all clients to provide necessary documentation for identity verification.

Verification Time Frames

Verification typically takes 1 to 3 business days, depending on the completeness of the submitted documents.

Part 4: global plm Account Opening Process

Step-by-Step global plm Account Opening Guide

1. Visit Website and Click Registration: Navigate to the PLM Global Markets homepage and click on the registration link.
2. Personal Information Entry: Fill out the required personal information, including name, email, and phone number.
3. Choose Account Type: Select the desired account type (Standard, Pro, ECN, Islamic, or Demo).
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload the necessary identity verification documents.
6. Account Verification: Wait for the account verification process to be completed.
7. Fund Your Account: Once verified, fund your account using the available payment methods.
8. Start Trading: Begin trading on the selected platform.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, with minor differences in navigation and layout.

Common Registration Issues and Solutions

• Issue: Document upload failures.

• Solution: Ensure documents are clear and in the required format.

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

The average account approval time is between 1 to 3 business days, depending on document verification.

How to Upgrade/Downgrade Account Types

To change account types, contact customer support for guidance on the process and requirements.

Part 5: global plm Demo Account Information

global plm Demo Account Guide

The demo account offered by PLM Global Markets provides a risk-free environment for traders to practice their strategies and familiarize themselves with the trading platform.

Demo Account Features and Benefits

• Access to all trading instruments available in the Standard Account.
• Virtual funds for practice trading.
• No risk of losing real money.

How to Open a Demo Account

To open a demo account, follow the same registration process as for a live account but select the demo option.

Demo Account Limitations

• Limited to virtual trading only.
• May not replicate live market conditions perfectly.

Virtual Balance Amount

The virtual balance amount varies and is typically set by the broker for practice purposes.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Live accounts may have different execution speeds and conditions.

Duration/Expiry of Demo Accounts

Demo accounts typically remain active for a specified period, which may vary by broker, often ranging from 30 days to unlimited.

Part 6: global plm Islamic Account Details

global plm Islamic Account Details

PLM Global Markets offers Islamic accounts that comply with Sharia law, providing a swap-free trading option.

Swap-Free/Islamic Account Availability

Islamic accounts are available for all account types, including Standard, Pro, and ECN.

Eligibility Requirements

To qualify for an Islamic account, traders must declare their adherence to Islamic finance principles.

Differences from Standard Accounts

Islamic accounts do not incur swap fees, making them suitable for Muslim traders.

How to Apply for Islamic Account

To apply for an Islamic account, select the Islamic option during the account registration process.

Restrictions or Special Conditions

Islamic accounts may have specific conditions regarding trading instruments and account management.

FAQs – global plm Account Types & Opening

1. What account types does global plm offer？

• PLM Global Markets offers Standard, Pro, ECN, Islamic, and Demo accounts.

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

• Standard: $100, Pro: $1,000, ECN: $5,000, Islamic: $100, Demo: Virtual funds.

1. How long does global plm account verification take？

• Verification typically takes 1 to 3 business days.

1. Does global plm offer demo accounts？

• Yes, PLM Global Markets offers demo accounts for practice trading.

1. Can I have multiple account types with global plm？

• Yes, traders can have multiple account types.

1. Does global plm offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available for all account types.

1. What documents do I need to open a global plm account？

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

1. Can I change my account type after registration？

• Yes, you can contact customer support to change your account type.