Golden Lines broker Accounts

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

golden lines Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pip
• Leverage Options: Up to 1:100
• Key Features: Basic trading tools, access to major currency pairs
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads from 0.0 pips + commission
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, faster execution
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, indices

1. Pro Account

• Minimum Deposit Requirement: $5,000
• Spread/Commission Structure: Fixed spreads from 0.7 pips
• Leverage Options: Up to 1:300
• Key Features: High trading limits, advanced trading tools
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, stocks

1. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, depending on choice
• Leverage Options: Up to 1:200
• Key Features: Swap-free trading, compliant with Sharia law
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as live accounts
• Leverage Options: Same as live accounts
• Key Features: Practice trading with virtual funds, access to all trading tools
• Target User Profile: Beginners and experienced traders testing 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
• Traders Testing Strategies: Demo Account

Detailed golden lines Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $5,000

• Islamic: $500

• Demo: N/A

• Maximum Leverage:

• Standard: 1:100

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:200

• Demo: Same as live accounts

• Spreads (Typical/Minimum):

• Standard: From 1.0 pip

• ECN: From 0.0 pips + commission

• Pro: From 0.7 pips

• Islamic: Similar to Standard or ECN

• Demo: Same as live accounts

• Commission Fees:

• Standard: None

• ECN: Yes, based on volume

• Pro: None

• Islamic: None

• Demo: N/A

• Lot Size:

• Standard: Micro and Mini

• ECN: Standard

• Pro: Standard

• Islamic: Standard

• Demo: Micro and Mini

• Available Trading Platforms:

• All account types: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Available for Islamic Account

• Swap-Free Options:

• Available for Islamic Account

• Demo Account Features:

• Virtual funds for practice, access to all trading tools

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to essential trading tools

• ECN Account:

• Tight spreads for cost-effective trading

• Direct market access

• Suitable for high-frequency trading

• Pro Account:

• High leverage for experienced traders

• Fixed spreads for predictable costs

• Advanced trading tools available

• Islamic Account:

• Compliant with Sharia law

• No swap fees

• Suitable for Muslim traders

• Demo Account:

• Risk-free trading environment

• Ideal for strategy testing

• Access to real market conditions

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced trading features

• ECN Account:

• Requires higher minimum deposit

• Commission fees can add to trading costs

• Pro Account:

• High minimum deposit may deter beginners

• Complexity may overwhelm new traders

• Islamic Account:

• Limited availability compared to standard accounts

• May have restrictions on certain trading strategies

• Demo Account:

• No real money involved

• Limited duration for practice

golden lines Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old
• Geographic Restrictions: Available in most countries; specific restrictions may apply
• Prohibited Countries: Not specified in the sources
• Identity Verification Documents Needed:
• Government-issued ID (passport or driver's license)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Recent utility bill or bank statement with the applicant's name and address
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status

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 golden lines Account Opening Guide

1. Visit Website and Click Registration: Navigate to the golden lines website and click on the "Open Account" button.
2. Personal Information Entry: Fill out personal details including 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 such as leverage and trading instruments.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate the account.
8. Start Trading: Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is generally similar on both desktop and mobile platforms, but mobile may have additional prompts for app permissions.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are in the correct format and under the size limit.
• Issue: Verification takes longer than expected.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes 1-3 business days.

How to Upgrade/Downgrade Account Types

• Account type changes can usually be requested through customer support or the account management section of the website.

golden lines Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies.
• Access to all trading tools and platforms available in live accounts.

How to Open a Demo Account

• Visit the golden lines website and select the "Open Demo Account" option.
• Fill out the required information and submit.

Demo Account Limitations

• Limited duration for use (usually 30-90 days).
• Virtual funds only, no real money involved.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $100,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts involve real money.
• Trading conditions may differ slightly in terms of execution speed and slippage.

Duration/Expiry of Demo Accounts

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

golden lines Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available for traders who require swap-free trading options.

Eligibility Requirements

• Must be a Muslim trader seeking compliance with Sharia law.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees for overnight positions.

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 – golden lines Account Types & Opening

1. What account types does golden lines offer？

• golden lines offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: $100, ECN: $500, Pro: $5,000, Islamic: $500, Demo: N/A.

1. How long does golden lines account verification take？

• Verification typically takes 1-3 business days.

1. Does golden lines offer demo accounts？

• Yes, golden lines offers demo accounts for practice trading.

1. Can I have multiple account types with golden lines？

• Yes, traders can hold multiple account types.

1. Does golden lines offer Islamic/swap-free accounts？

• Yes, golden lines offers Islamic accounts that are swap-free.

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

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

1. Can I change my account type after registration？

• Yes, account type changes can be requested through customer support.