Granville broker Accounts

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

Part 1: granville Account Types Explained

Granville offers a variety of account types to cater to different trading needs and preferences. Below is an overview of the available account types, including their features and target user profiles.

Account Types Overview

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:500
• Key Features: User-friendly interface, suitable for beginners
• Target User Profile: Beginner traders
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Low spreads from 0.1 pips + commission
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, cryptocurrencies, commodities

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Tight spreads with lower commission fees
• Leverage Options: Up to 1:100
• Key Features: Advanced trading tools, priority support
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, stocks, ETFs

1. Islamic Account

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

1. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically $10,000)
• Spread/Commission Structure: Same as Standard account
• Leverage Options: Same as Standard account
• Key Features: Practice trading without risk, access to all trading instruments
• Target User Profile: Beginners and traders testing strategies
• Trading Instruments Available: All available instruments

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
• Practice: Demo Account

Part 2: Detailed granville Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $500

• Demo: Virtual balance

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:100

• Islamic: Up to 1:500

• Demo: Same as Standard

• Spreads:

• Standard: From 1.0 pips

• ECN: From 0.1 pips

• Pro: Tight spreads

• Islamic: Similar to Standard

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: Yes, based on volume

• Pro: Lower than ECN

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Available for Islamic Account type only.

• Swap-Free Options:

• Available for Islamic Account.

• Demo Account Features:

• Practice trading with virtual funds, access to all trading instruments.

Advantages and Disadvantages of Each Account Type

Standard Account:

• Advantages:

• Low minimum deposit

• User-friendly interface

• Access to various trading instruments

• No commission fees

• Disadvantages:

• Higher spreads compared to ECN

• Limited advanced features

ECN Account:

• Advantages:

• Low spreads

• Direct market access

• Faster execution speeds

• Suitable for high-frequency trading

• Disadvantages:

• Higher minimum deposit

• Commission fees apply

Pro Account:

• Advantages:

• Advanced trading tools

• Lower commission fees

• Priority customer support

• Tight spreads

• Disadvantages:

• Higher minimum deposit

• Limited to experienced traders

Islamic Account:

• Advantages:

• Compliant with Sharia law

• No swap fees

• Access to all trading instruments

• Disadvantages:

• Higher minimum deposit

• Limited features compared to Pro accounts

Demo Account:

• Advantages:

• Risk-free trading

• Practice with virtual funds

• Access to all trading instruments

• Disadvantages:

• No real profits

• Limited duration (if applicable)

Part 3: granville Account Registration Requirements

Eligibility Criteria

• Age Requirements: Minimum age of 18 years.
• Geographic Restrictions: Available to residents of most countries; specific restrictions may apply.
• Prohibited Countries: Not specified in the sources; check with Granville for the latest updates.
• Identity Verification Documents Needed: Government-issued ID (passport, drivers license).
• Proof of Residence Requirements: Utility bill or bank statement with your name and address.
• Additional Documentation for Professional Accounts: Proof of trading experience or financial status may be required.

KYC/AML Compliance Procedures

Granville follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures to verify the identity of all clients and ensure compliance with financial regulations.

Verification Time Frames

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

Part 4: Step-by-Step granville Account Opening Guide

Detailed Step-by-Step Registration Process

1. Visit Website and Click Registration: Navigate to the Granville website and click on the "Open Account" button.
2. Personal Information Entry: Fill out the required personal information, including name, address, and contact details.
3. Choose Account Type: Select the desired account type from the available options.
4. Set Trading Preferences: Specify your trading preferences, such as leverage and trading instruments.
5. Document Upload: Upload the necessary identification and proof of residence documents.
6. Account Verification: Wait for the verification process to be completed by Granville.
7. Fund Your Account: Once verified, fund your account using the available payment methods.
8. Start Trading: Access your trading platform and begin trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, but the mobile interface may be streamlined for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload fails.

• Solution: Ensure documents are in the correct format and within size limits.

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

Typically, account approval takes between 1-3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

Account types can be changed by contacting Granville's customer support for assistance with the upgrade or downgrade process.

Part 5: granville Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments, virtual balance for practice, and no risk involved.
• Benefits: Ideal for beginners to learn trading strategies and for experienced traders to test new strategies without financial risk.

How to Open a Demo Account

Visit the Granville website and select the option to open a demo account. Fill out the required information and follow the prompts.

Demo Account Limitations

Demo accounts may have a limited duration or virtual balance, which can restrict long-term practice.

Virtual Balance Amount

Typically, demo accounts offer a virtual balance of $10,000 or more for practice.

Demo vs Live Account Differences

Demo accounts simulate trading conditions without real money, while live accounts involve actual financial transactions and risks.

Duration/Expiry of Demo Accounts

Demo accounts may expire after a certain period, typically ranging from 30 to 90 days, depending on the broker's policies.

Part 6: granville Islamic Account Details

Swap-Free/Islamic Account Availability

Granville offers swap-free Islamic accounts that comply with Sharia law.

Eligibility Requirements

Clients must indicate their request for an Islamic account during the registration process and may need to provide additional documentation.

Differences from Standard Accounts

Islamic accounts do not incur swap fees, making them suitable for traders who adhere to Islamic finance principles.

How to Apply for Islamic Account

Select the Islamic account option during the registration process or contact customer support for assistance.

Restrictions or Special Conditions

Islamic accounts may have specific conditions regarding trading strategies, such as prohibiting certain types of trades that involve interest.

FAQs – granville Account Types & Opening

1. What account types does granville offer？

• Granville 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 balance.

1. How long does granville account verification take？

• Verification typically takes 1-3 business days.

1. Does granville offer demo accounts？

• Yes, Granville offers demo accounts for practice trading.

1. Can I have multiple account types with granville？

• Yes, clients can have multiple account types.

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

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

1. What documents do I need to open a granville 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 changed by contacting customer support.