GOLD CITY broker Accounts

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

gold city Account Types Explained

Gold City offers a variety of 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 1.5 pips
• Leverage Options: Up to 1:500
• Key Features:
• Access to major currency pairs
• User-friendly interface
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Low spreads starting from 0.1 pips with a commission of $5 per lot
• Leverage Options: Up to 1:200
• Key Features:
• Direct market access
• Faster execution speeds
• Target User Profile: Intermediate to advanced traders
• Trading Instruments Available: Forex, indices, cryptocurrencies

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Tight spreads from 0.0 pips with a commission of $3 per lot
• Leverage Options: Up to 1:100
• Key Features:
• Advanced trading tools
• Priority customer support
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to the Standard Account with no swap fees
• Leverage Options: Up to 1:500
• Key Features:
• Compliant with Sharia law
• No interest on overnight positions
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as the Standard Account
• Leverage Options: Up to 1:500
• Key Features:
• Practice trading without risk
• Access to all trading instruments
• Target User Profile: Beginners and experienced traders wanting to test strategies
• Trading Instruments Available: Forex, commodities, indices

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account
• Muslim Traders: Islamic Account
• All Levels for Practice: Demo Account

Detailed gold city Account Features

Feature Comparison Across Different Account Types

Advantages of Each Account Type

• Standard Account:
• Low minimum deposit
• User-friendly for beginners
• Access to major trading instruments
• ECN Account:
• Low spreads and fast execution
• Direct market access
• Ideal for scalpers and high-frequency traders
• Pro Account:
• Tightest spreads and lowest commissions
• Advanced trading features
• Priority support
• Islamic Account:
• Compliant with Islamic finance principles
• No swap fees
• Accessible to all trading instruments
• Demo Account:
• Risk-free trading environment
• Practice with virtual funds
• Test strategies before going live

Disadvantages of Each Account Type

• Standard Account:
• Higher spreads compared to ECN and Pro accounts
• Limited advanced features
• ECN Account:
• Higher minimum deposit requirement
• Commission fees apply
• Pro Account:
• High minimum deposit
• Not suitable for casual traders
• Islamic Account:
• Limited to specific trading instruments
• May not have all features of standard accounts
• Demo Account:
• No real money involved
• Limited to virtual funds and may not reflect live trading conditions

gold city Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries; however, specific countries may be restricted.
• Prohibited Countries: Countries under sanctions or with restrictions on forex trading.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID)
• Proof of income (bank statement or payslip)
• Proof of Residence Requirements:
• Utility bill or bank statement showing your name and address.
• Additional Documentation for Professional Accounts:
• Proof of trading experience or financial background may be required.

KYC/AML Compliance Procedures

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks to verify identity and source of funds.

Verification Time Frames

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

Step-by-Step gold city Account Opening Guide

Detailed Step-by-Step Registration Process

1. Visit Website and Click Registration: Go to the Gold City website and select the registration option.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Specify trading preferences and leverage options.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for the account to be verified by the Gold City team.
7. Fund Your Account: Deposit the minimum required amount to activate the account.
8. Start Trading: Once funded, you can start trading on the platform.

Desktop vs Mobile Registration Differences

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

Common Registration Issues and Solutions

• Issue: Document upload errors.
• Solution: Ensure documents are clear and in the correct format (PDF, JPG).
• Issue: Verification delays.
• Solution: Contact customer support for updates.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Users can request an upgrade or downgrade through their account dashboard or by contacting customer support.

gold city 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

• Users can open a demo account directly from the Gold City website by selecting the demo option during registration.

Demo Account Limitations

• The demo account is limited to virtual funds and does not provide access to real market conditions.

Virtual Balance Amount

• The demo account typically provides a virtual balance of $10,000 or more, depending on the platform's offerings.

Demo vs Live Account Differences

• The demo account uses virtual funds and may not reflect the emotional and psychological aspects of live trading.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for a limited time (e.g., 30 days) but can often be extended upon request.

gold city Islamic Account Details

Swap-Free/Islamic Account Availability

• Gold City offers an Islamic account that is compliant with Sharia law, meaning it does not incur swap fees.

Eligibility Requirements

• Traders must declare their need for an Islamic account during registration.

Differences from Standard Accounts

• Islamic accounts do not charge interest on overnight positions and may have different trading conditions.

How to Apply for Islamic Account

• Users can select the Islamic account option during the registration process or request it through customer support.

Restrictions or Special Conditions

• Islamic accounts may have limitations on certain trading instruments or strategies that involve interest.

FAQs – gold city Account Types & Opening

1. What account types does gold city offer？

• Gold City 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 gold city account verification take？

• Verification typically takes 1-3 business days.

1. Does gold city offer demo accounts？

• Yes, Gold City provides a demo account for practice trading.

1. Can I have multiple account types with gold city？

• Yes, users can have multiple accounts as per their trading needs.

1. Does gold city offer Islamic/swap-free accounts？

• Yes, Gold City offers Islamic accounts that are compliant with Sharia law.

1. What documents do I need to open a gold city 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.