Golden Wave broker Accounts

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

golden wave Account Types Explained

golden wave offers a variety of account types tailored to meet the diverse needs of traders, from beginners to advanced professionals. Below is a detailed overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $250
• Spread/Commission Structure: Spreads from 1.6 pips
• Leverage Options: Up to 1:500
• Key Features: Access to all trading instruments, suitable for beginners.
• Target User Profile: Beginner traders
• Trading Instruments Available: Forex, commodities, indices

2. ECN Account

• Minimum Deposit Requirement: $5,000
• Spread/Commission Structure: Raw spreads starting from 0.1 pips, commission applies
• Leverage Options: Up to 1:500
• Key Features: Ideal for scalping and high-frequency trading, direct market access.
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, indices

3. Pro Account

• Minimum Deposit Requirement: $10,000
• Spread/Commission Structure: Tight spreads, lower commissions
• Leverage Options: Up to 1:500
• Key Features: Enhanced trading conditions, priority support.
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

4. Islamic Account

• Minimum Deposit Requirement: $250
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: Swap-free trading to comply with Islamic finance principles.
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:500
• Key Features: Practice trading without risk, access to all trading instruments.
• Target User Profile: Beginner traders 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: ECN Account
• Advanced: Pro Account
• Muslim Traders: Islamic Account

Detailed golden wave Account Features

Feature Comparison Across Different Account Types

Advantages of Each Account Type

• Standard Account:
• Low minimum deposit
• User-friendly for beginners
• Access to all trading instruments
• ECN Account:
• Tight spreads for cost-effective trading
• Direct market access
• Suitable for scalping
• Pro Account:
• Enhanced trading conditions
• Priority customer support
• Ideal for serious traders
• Islamic Account:
• Complies with Islamic finance principles
• No swap fees
• Suitable for Muslim traders
• Demo Account:
• Risk-free trading environment
• Ideal for practice and strategy testing
• Access to all features of live accounts

Disadvantages of Each Account Type

• Standard Account:
• Higher spreads compared to ECN
• Limited advanced features
• ECN Account:
• Higher minimum deposit requirement
• Commission fees can add to trading costs
• Pro Account:
• High minimum deposit
• Not suitable for casual traders
• Islamic Account:
• Limited availability for non-Muslim traders
• Similar spreads to Standard Account
• Demo Account:
• Virtual funds do not reflect real market conditions
• Limited duration for practice

golden wave 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: Countries under sanctions or with specific trading restrictions.
• Identity Verification Documents Needed: Government-issued ID (passport, driver's license).
• Proof of Residence Requirements: Utility bill or bank statement showing current address.
• Additional Documentation for Professional Accounts: Financial statements or proof of trading experience may be required.

KYC/AML Compliance Procedures

• All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Verification of identity and residence is mandatory.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the volume of applications.

Step-by-Step golden wave Account Opening Guide

Registration Process

1. Visit Website: Go to the golden wave official website.
2. Click Registration: Locate the registration button on the homepage.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select the desired account type from the available options.
5. Set Trading Preferences: Specify your trading preferences and risk tolerance.
6. Document Upload: Upload required identity verification documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds to start trading.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• Registration processes are similar on both desktop and mobile platforms, but mobile may have additional app-specific features.

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

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

How to Upgrade/Downgrade Account Types

• Log in to your account, navigate to account settings, and select the option to upgrade or downgrade your account type.

golden wave Demo Account Guide

Demo Account Features and Benefits

• Offers a risk-free environment to practice trading strategies.
• Access to all trading instruments available in live accounts.

How to Open a Demo Account

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

Demo Account Limitations

• Limited duration for use, typically 30-90 days.
• Virtual funds do not reflect real market conditions.

Virtual Balance Amount

• The demo account usually comes with a virtual balance of $100,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Trading conditions may vary slightly.

Duration/Expiry of Demo Accounts

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

golden wave Islamic Account Details

Swap-Free/Islamic Account Availability

• golden wave offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Must be a Muslim trader seeking swap-free trading options.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process.

Restrictions or Special Conditions

• Islamic accounts may have similar trading conditions to standard accounts but without swap fees.

FAQs – golden wave Account Types & Opening

1. What account types does golden wave offer？

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

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

• Standard: $250, ECN: $5,000, Pro: $10,000, Islamic: $250, Demo: N/A.

1. How long does golden wave account verification take？

• Account verification typically takes 1-3 business days.

1. Does golden wave offer demo accounts？

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

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

• Yes, traders can open multiple account types.

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

• Yes, golden wave provides Islamic accounts that are swap-free.

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

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

1. Can I change my account type after registration？

• Yes, you can upgrade or downgrade your account type through your account settings.