Granar broker Accounts

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

Part 1: granar Account Types Explained

Granar offers a variety of account types tailored to different trading needs and preferences. Below is an overview of the available account types, including their key features and requirements.

Available Account Types

1. Standard Account

• Minimum Deposit: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:500
• Key Features:
• Access to all trading instruments
• Standard lot sizes
• Suitable for beginners
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies

1. ECN Account

• Minimum Deposit: $500
• Spread/Commission Structure: Raw spreads from 0.0 pips with a commission fee
• Leverage Options: Up to 1:200
• Key Features:
• Direct market access
• Lower spreads
• Ideal for high-frequency traders
• Target User Profile: Advanced traders and professionals
• Trading Instruments Available: Forex, commodities, indices

1. Pro Account

• Minimum Deposit: $1,000
• Spread/Commission Structure: Competitive spreads with lower commission rates
• Leverage Options: Up to 1:300
• Key Features:
• Enhanced trading conditions
• Access to premium tools and resources
• Target User Profile: Experienced traders and institutions
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies

1. Islamic Account

• Minimum Deposit: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, but swap-free
• Leverage Options: Up to 1:200
• Key Features:
• Compliant with Sharia law
• No interest fees
• Target User Profile: Traders seeking Sharia-compliant trading options
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit: Virtual funds (usually $10,000)
• Spread/Commission Structure: Similar to Standard account
• Leverage Options: Up to 1:500
• Key Features:
• Risk-free trading environment
• Access to all trading instruments
• Target User Profile: Beginners and those testing strategies
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account
• Islamic Traders: Islamic Account
• Testing Strategies: Demo Account

Part 2: granar Account Features Comparison

Detailed granar Account Features

When considering which granar account type to choose, its essential to compare the features across different accounts.

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit
• No commission fees
• Suitable for beginners
• Disadvantages:
• Higher spreads compared to ECN
• Limited advanced features

ECN Account

• Advantages:
• Raw spreads
• Direct market access
• Ideal for scalpers
• Disadvantages:
• Higher minimum deposit
• Commission fees apply

Pro Account

• Advantages:
• Competitive trading conditions
• Access to premium tools
• Lower commission rates
• Disadvantages:
• Higher minimum deposit
• More complex for beginners

Islamic Account

• Advantages:
• Compliant with Sharia law
• No interest fees
• Disadvantages:
• Higher minimum deposit
• Limited availability of some features

Demo Account

• Advantages:
• Risk-free trading
• Access to all instruments
• Disadvantages:
• Virtual funds only
• Limited to practice only

Part 3: granar Account Registration Requirements

granar Account Registration Requirements

Before opening a granar account, you must meet specific eligibility criteria and provide necessary documentation.

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Some countries may be restricted; check granar's website for details.
• Prohibited Countries: Specific countries may be prohibited from opening accounts due to regulatory reasons.

Identity Verification Documents Needed

• Proof of Identity: Government-issued ID (passport, drivers license).
• Proof of Residence: Utility bill or bank statement with your name and address.

Additional Documentation for Professional Accounts

• Business Registration Documents: For corporate accounts.
• Financial Statements: May be required for higher-tier accounts.

KYC/AML Compliance Procedures

Granar follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations to verify the identity of its clients.

Verification Time Frames

• Standard Verification: Typically takes 1-3 business days.
• Extended Verification: May take longer if additional documents are required.

Part 4: granar Account Opening Process

Step-by-Step granar Account Opening Guide

Opening a granar account involves several straightforward steps:

1. Visit Website and Click Registration: Navigate to the granar website and click on the registration button.
2. Personal Information Entry: Fill out the required personal information, including name, email, and phone number.
3. Choose Account Type: Select the account type that suits your trading needs.
4. Set Trading Preferences: Specify your trading preferences, such as leverage and trading instruments.
5. Document Upload: Upload the necessary identity verification documents.
6. Account Verification: Wait for granar to verify your documents.
7. Fund Your Account: Once verified, fund your account using your preferred payment method.
8. Start Trading: Begin trading with your new account.

Desktop vs Mobile Registration Differences

• Desktop Registration: Typically offers a more comprehensive view of account options.
• Mobile Registration: May have simplified forms and fewer options displayed.

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

• Standard accounts typically take 1-3 business days for approval.

How to Upgrade/Downgrade Account Types

• Log into your granar account and navigate to the account settings to request an upgrade or downgrade.

Part 5: granar Demo Account Information

granar Demo Account Guide

The demo account is an essential tool for traders looking to practice their skills without financial risk.

Demo Account Features and Benefits

• Access to all trading instruments.
• Risk-free environment to test strategies.
• Virtual funds typically set at $10,000.

How to Open a Demo Account

• Visit the granar website and select the demo account option.
• Fill out the registration form and follow the prompts.

Demo Account Limitations

• Virtual funds only; cannot be used for real trading.
• Limited duration; may expire after a certain period.

Virtual Balance Amount

• Usually set at $10,000 for practice.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money trading.

Duration/Expiry of Demo Accounts

• Demo accounts typically remain active for 30 days, but this may vary based on granar's policies.

Part 6: granar Islamic Account Details

granar Islamic Account Details

Granar offers Islamic accounts to cater to traders who require Sharia-compliant trading options.

Swap-Free/Islamic Account Availability

• Islamic accounts are available upon request and are designed to comply with Islamic finance principles.

Eligibility Requirements

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

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for traders adhering to Sharia law.

How to Apply for Islamic Account

• During the account registration process, select the Islamic account option or contact customer support for assistance.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions that differ from standard accounts.

FAQs – granar Account Types & Opening

1. What account types does granar offer？

• Granar 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: $500, Demo: Virtual funds.

1. How long does granar account verification take？

• Verification typically takes 1-3 business days.

1. Does granar offer demo accounts？

• Yes, granar offers demo accounts for practice trading.

1. Can I have multiple account types with granar？

• Yes, traders can open multiple account types.

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

• Yes, granar provides Islamic accounts that comply with Sharia law.

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

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

1. Can I change my account type after registration？

• Yes, account types can be upgraded or downgraded through account settings.