GOAL broker Accounts

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

Part 1: goal Account Types Overview

goal Account Types Explained

When considering forex trading, understanding the various goal account types is essential. Each account type is tailored to meet different trading needs and preferences. Below are the primary account types available:

Recommended account types by trader level

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

Part 2: goal Account Features Comparison

Detailed goal Account Features

When comparing the features of different goal account types, several factors come into play:

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit
• User-friendly for beginners
• Access to a variety of trading instruments
• Disadvantages:
• Higher spreads compared to ECN accounts
• Limited advanced features

ECN Account

• Advantages:
• Direct market access
• Lower spreads
• Ideal for high-frequency trading
• Disadvantages:
• Higher minimum deposit
• Commission fees apply

Pro Account

• Advantages:
• Tight spreads and low commission
• Advanced trading tools
• Higher leverage options
• Disadvantages:
• High minimum deposit
• More complex for beginners

Islamic Account

• Advantages:
• Compliant with Sharia law
• No swap fees
• Standard trading features
• Disadvantages:
• Limited availability
• May have higher spreads

Demo Account

• Advantages:
• Risk-free trading environment
• Practice with virtual funds
• Access to all trading instruments
• Disadvantages:
• No real profits
• Limited duration of use

Part 3: goal Account Opening Requirements

goal Account Registration Requirements

To open a goal account, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Availability may vary by country; check local regulations.
• Prohibited Countries: Certain countries may be restricted from opening accounts due to regulatory issues.
• Identity Verification Documents Needed:
• Government-issued ID (passport, driver's license)
• Social Security Number (for U.S. residents)
• Proof of Residence Requirements: Recent utility bill or bank statement showing your name and address.
• Additional Documentation for Professional Accounts: May include financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Verification time frames can vary but typically take 1-3 business days.

Part 4: goal Account Opening Process

Step-by-Step goal Account Opening Guide

1. Visit the website and click on the registration button.
2. Personal Information Entry: Fill in your name, email, and phone number.
3. Choose Account Type: Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Indicate your trading style and preferences.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the account to be verified (1-3 business days).
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• Desktop registration typically offers more comprehensive options and features, while mobile registration may be streamlined for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and in the correct format.
• 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 completeness of the submitted documentation.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade, and follow the provided instructions.

Part 5: goal Demo Account Information

goal Demo Account Guide

Demo account features and benefits:

• Allows traders to practice without financial risk.
• Provides access to all trading instruments available in live accounts.
• Ideal for testing strategies and familiarizing oneself with the trading platform.

How to open a demo account:

• Follow the same registration process as a live account but select the demo option.

Demo account limitations:

• Virtual balance may be limited.
• Account may expire after a certain period (usually 30-90 days).

Virtual balance amount:

• Typically starts with a virtual balance of $10,000 or more.

Demo vs Live Account Differences:

• Demo accounts use virtual funds, while live accounts involve real money.
• Execution speed and market conditions may differ in live trading.

Duration/Expiry of Demo Accounts:

• Demo accounts usually expire after 30-90 days of inactivity.

Part 6: goal Islamic Account (if available)

goal Islamic Account Details

Swap-free/Islamic account availability:

• Islamic accounts are available for traders who adhere to Sharia law.

Eligibility Requirements:

• Must provide documentation to verify adherence to Islamic finance principles.

Differences from Standard Accounts:

• Islamic accounts do not incur swap fees, making them compliant with Sharia law.
• May have different spread structures.

How to apply for Islamic account:

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

Restrictions or Special Conditions:

• May have limitations on certain trading instruments.

FAQs – goal Account Types & Opening

1. What account types does goal offer？

• 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: $0.

1. How long does goal account verification take？

• Typically 1-3 business days.

1. Does goal offer demo accounts？

• Yes, goal offers demo accounts for practice trading.

1. Can I have multiple account types with goal？

• Yes, you can open multiple account types.

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

• Yes, goal provides Islamic accounts that are compliant with Sharia law.

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

• Government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.