GREENFIELDS broker Accounts

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

greenfields Account Types Explained

Greenfields offers a variety of account types tailored to meet the needs of different traders. Below is a comprehensive overview of each account type available, 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, no commission
• Leverage Options: Up to 1:500
• Key Features: Suitable for beginners, access to all trading instruments, standard trading conditions
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Spreads from 0.1 pips, $5 commission per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, low latency execution, ideal for scalpers
• Target User Profile: Advanced traders and scalpers
• Trading Instruments Available: Forex, commodities, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 0.0 pips, $3 commission per lot
• Leverage Options: Up to 1:100
• Key Features: Enhanced trading conditions, priority support, advanced trading tools
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, but swap-free
• Leverage Options: Up to 1:200
• Key Features: Complies with Sharia law, no interest fees
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:500
• Key Features: Risk-free trading environment, practice strategies
• Target User Profile: Beginners and traders 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 greenfields Account Features

Features Comparison Across Different Account Types

Advantages of Each Account Type

• Standard Account:
• Low minimum deposit
• No commission fees
• Ideal for beginners
• ECN Account:
• Tight spreads
• Fast execution speeds
• Suitable for scalping
• Pro Account:
• Lowest spreads
• Advanced trading tools
• Priority customer support
• Islamic Account:
• Complies with Sharia law
• No swap fees
• Suitable for Muslim traders
• Demo Account:
• Risk-free environment
• Practice trading strategies
• Access to all trading instruments

Disadvantages of Each Account Type

• Standard Account:
• Higher spreads compared to ECN
• Limited advanced features
• ECN Account:
• Higher minimum deposit
• Commission fees apply
• Pro Account:
• High minimum deposit
• Not suitable for casual traders
• Islamic Account:
• Limited to Muslim traders
• May have higher spreads
• Demo Account:
• Virtual funds only
• Limited time usage

greenfields Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries, but may exclude certain jurisdictions.
• Prohibited Countries: Specific countries may be restricted based on regulatory requirements.
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Must provide a document showing current address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

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

Verification Time Frames

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

Step-by-Step greenfields Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Go to the greenfields website and select the "Open Account" option.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type from the options available.
4. Set Trading Preferences: Specify trading preferences, including leverage and trading instruments.
5. Document Upload: Upload required identity verification 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 funded, you can start trading on the platform.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile, but the mobile interface may have simplified steps for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and in the correct format (PDF, JPEG).
• 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 volume of applications.

How to Upgrade/Downgrade Account Types

• Users can request to upgrade or downgrade their account type through the customer support portal or by contacting the support team directly.

greenfields Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment for practicing trading strategies.
• Access to all trading instruments available in live accounts.
• Allows traders to familiarize themselves with the trading platform.

How to Open a Demo Account

• Visit the greenfields website and select the "Open Demo Account" option.
• Fill in the required personal information and submit.

Demo Account Limitations

• Limited to virtual funds, typically around $10,000.
• May have a time limit on usage (usually 30 days).

Virtual Balance Amount

• The demo account typically comes with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.
• Live accounts may incur trading fees and commissions, while demo accounts do not.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity, but this can vary by broker.

greenfields Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available and comply with Sharia law by not charging or paying interest.

Eligibility Requirements

• Must be a Muslim trader to qualify for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for long-term trading.

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, such as higher spreads compared to standard accounts.

FAQs – greenfields Account Types & Opening

1. What account types does greenfields offer？

• Greenfields 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 greenfields account verification take？

• Verification typically takes 1-3 business days.

1. Does greenfields offer demo accounts？

• Yes, greenfields offers demo accounts for practice trading.

1. Can I have multiple account types with greenfields？

• Yes, traders can open multiple account types.

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

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

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

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

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type.