goldenhand offers a variety of account types tailored to meet the needs of different traders. Below is an overview of the available account types:
| Account Type | Minimum Deposit | Spread/Commission Structure | Leverage Options | Key Features | Target User Profile | Trading Instruments Available |
|---|---|---|---|---|---|---|
| Standard | $100 | Variable spreads | Up to 1:500 | Basic trading tools, access to all instruments | Beginners | Forex, commodities, indices |
| ECN | $500 | Low spreads + commission | Up to 1:200 | Direct market access, faster execution | Advanced traders | Forex, commodities, indices |
| Pro | $1,000 | Fixed spreads | Up to 1:100 | Advanced trading tools, dedicated account manager | Institutional | Forex, commodities, indices |
| Islamic | $100 | Variable spreads | Up to 1:500 | Swap-free trading, compliant with Sharia law | Muslim traders | Forex, commodities, indices |
| Demo | $0 | N/A | N/A | Practice trading without risk | All levels | Forex, commodities, indices |
When comparing features across different goldenhand account types, the following aspects are crucial:
| Feature | Standard Account | ECN Account | Pro Account | Islamic Account | Demo Account |
|---|---|---|---|---|---|
| Minimum Deposit | $100 | $500 | $1,000 | $100 | $0 |
| Maximum Leverage | 1:500 | 1:200 | 1:100 | 1:500 | N/A |
| Spreads | Variable | Low | Fixed | Variable | N/A |
| Commission Fees | None | Yes | None | None | N/A |
| Lot Size | Standard | Micro | Standard | Standard | N/A |
| Trading Platforms | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4, MT5 |
| Execution Type | Market | ECN | Market | Market | N/A |
| Islamic Account Availability | No | No | No | Yes | No |
| Swap-Free Options | No | No | No | Yes | No |
| Demo Account Features | No | No | No | No | Yes |
To open a goldenhand account, the following eligibility criteria and documentation are required:
Eligibility Criteria:
Age Requirements: Must be at least 18 years old.
Geographic Restrictions: Not available in certain countries (specific countries not listed).
Prohibited Countries: Specific countries may be restricted from opening accounts (not specified).
Identity Verification Documents Needed:
Valid government-issued ID (passport, driver's license).
Proof of residence (utility bill, bank statement).
Additional Documentation for Professional Accounts:
Business registration documents (if applicable).
Additional identification for account managers.
KYC/AML Compliance Procedures:
Completion of Know Your Customer (KYC) forms.
Anti-Money Laundering (AML) checks.
Verification Time Frames:
Account verification typically takes 1-3 business days.
The process for opening a goldenhand account involves several steps:
The demo account offered by goldenhand provides a risk-free environment for traders to practice their skills.
Demo Account Features and Benefits:
Access to all trading instruments.
Practice trading strategies without financial risk.
Simulated trading environment with real market conditions.
How to Open a Demo Account:
Visit the goldenhand website and select the demo account option.
Fill in the required information and submit.
Demo Account Limitations:
Limited to practice only; cannot withdraw funds.
May have a virtual balance cap.
Virtual Balance Amount:
Typically starts with a virtual balance of $10,000 (may vary).
Demo vs Live Account Differences:
Demo accounts do not involve real money.
Live accounts require a minimum deposit and involve real trading.
Duration/Expiry of Demo Accounts:
Demo accounts may expire after a set period (not specified).
goldenhand offers an Islamic account option for traders who require a swap-free trading environment.
Swap-Free/Islamic Account Availability:
Yes, available for Muslim traders.
Eligibility Requirements:
Must provide documentation confirming the need for a swap-free account.
Differences from Standard Accounts:
No swap fees applied to overnight positions.
How to Apply for Islamic Account:
Select the Islamic account option during the registration process or contact customer support.
Restrictions or Special Conditions:
Must comply with Sharia law; specific trading conditions may apply.
Explore broker markets account types: forex/trading accounts with demo access.