GOga broker Accounts

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

goga Account Types Explained

goga offers several account types tailored to meet the needs of various traders, from beginners to advanced professionals. Below is a detailed overview of each account type available through goga.

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Access to all trading instruments, educational resources, and customer support.
• Target User Profile: Beginners and 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, lower spreads, and faster execution.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 1.0 pip; commission of $2 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Advanced trading tools, priority customer support, and higher leverage.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account; no swaps.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law, no swap fees.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000).
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free trading environment to practice strategies.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account, Demo Account
• Intermediate: Standard Account, ECN Account
• Advanced: ECN Account, Pro Account
• Professional: Pro Account

Detailed goga Account Features

Features Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:500

• Demo: 1:500

• Spreads:

• Standard: From 1.5 pips

• ECN: From 0.0 pips

• Pro: From 1.0 pip

• Islamic: Same as Standard

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Micro, Mini, Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: N/A

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: N/A

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit
• No commission fees
• Access to educational resources
• Disadvantages:
• Higher spreads compared to ECN
• Limited advanced features

ECN Account

• Advantages:
• Low spreads
• Direct market access
• Suitable for scalping
• Disadvantages:
• Higher minimum deposit
• Commission fees apply

Pro Account

• Advantages:
• Advanced trading tools
• Lower commission fees
• Higher leverage options
• Disadvantages:
• High minimum deposit
• May not be suitable for beginners

Islamic Account

• Advantages:
• Complies with Sharia law
• No swap fees
• Low minimum deposit
• Disadvantages:
• Limited to specific trading conditions

Demo Account

• Advantages:
• Risk-free environment
• Access to all trading instruments
• Ideal for practice
• Disadvantages:
• Virtual funds only
• Limited to practice, no real trading

goga Account Registration Requirements

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 may be restricted.
• Identity Verification Documents Needed: Government-issued ID (passport or national ID).
• Proof of Residence Requirements: Recent utility bill or bank statement.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

goga adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all users to verify their identity and address during the registration process.

Verification Time Frames

Typically, account verification takes between 1 to 3 business days, depending on the completeness of the submitted documents.

Step-by-Step goga Account Opening Guide

goga Account Opening Process

1. Visit the website and click registration: Navigate to the goga homepage and select the registration option.
2. Personal Information Entry: Fill in your full name, email address, and create a password.
3. Choose Account Type: Select the account type that best suits your trading needs.
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to start trading.
8. Start Trading: Access your trading platform and begin trading.

Desktop vs Mobile Registration Differences

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

Common Registration Issues and Solutions

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

Average Account Approval Time

Most accounts are approved within 1 to 3 business days, depending on the completeness of the submitted information.

How to Upgrade/Downgrade Account Types

Users can contact customer support to request an upgrade or downgrade of their account type, subject to the new account type's requirements.

goga Demo Account Guide

Demo Account Features and Benefits

The demo account allows users to practice trading with virtual funds, access all trading instruments, and test strategies without financial risk.

How to Open a Demo Account

To open a demo account, visit the goga website, select the demo account option, and follow the registration steps similar to opening a live account.

Demo Account Limitations

Demo accounts are limited to virtual funds and do not provide access to real trading conditions.

Virtual Balance Amount

Typically, demo accounts are funded with a virtual balance of $10,000.

Demo vs Live Account Differences

Demo accounts simulate trading conditions but do not involve real money, while live accounts require actual funds and involve real market conditions.

Duration/Expiry of Demo Accounts

Demo accounts typically remain active for 30 days, after which users may need to re-register for a new demo account.

goga Islamic Account Details

Swap-Free/Islamic Account Availability

goga offers Islamic accounts that comply with Sharia law, ensuring no swap fees are applied.

Eligibility Requirements

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

Differences from Standard Accounts

Islamic accounts have no swap fees and may have different trading conditions to comply with Sharia law.

How to Apply for Islamic Account

Users can apply for an Islamic account during the registration process by selecting the Islamic account option.

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions, such as limits on certain trading strategies.

FAQs – goga Account Types & Opening

1. What account types does goga offer？

• goga 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: Virtual funds.

1. How long does goga account verification take？

• Verification typically takes 1 to 3 business days.

1. Does goga offer demo accounts？

• Yes, goga provides demo accounts for practice trading.

1. Can I have multiple account types with goga？

• Yes, users can open multiple account types based on their trading needs.

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

• Yes, goga offers Islamic accounts that comply with Sharia law.

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

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

1. Can I change my account type after registration？

• Yes, users can request to upgrade or downgrade their account type through customer support.