GUNVOR broker Accounts

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

gunvor Account Types Explained

Gunvor offers several account types tailored to meet the needs of various traders. Below is a detailed overview of each account type available:

1. Standard Account

• Minimum Deposit Requirement: Not specified
• Spread/Commission Structure: Variable spreads
• Leverage Options: Up to 1:100
• Key Features: Basic trading features suitable for beginners.
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, and indices.

2. ECN Account

• Minimum Deposit Requirement: Not specified
• Spread/Commission Structure: Low spreads with a commission per trade.
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, and indices.

3. Pro Account

• Minimum Deposit Requirement: Not specified
• Spread/Commission Structure: Tight spreads with lower commissions.
• Leverage Options: Up to 1:500
• Key Features: Enhanced trading conditions for professional traders.
• Target User Profile: Professional and institutional traders
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: Not specified
• Spread/Commission Structure: Similar to Standard or ECN accounts but swap-free.
• Leverage Options: Up to 1:100
• Key Features: Compliant with Sharia law, no swap fees.
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, and indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual funds
• Spread/Commission Structure: Same as live accounts
• Leverage Options: Same as live accounts
• Key Features: Risk-free trading environment to practice strategies.
• Target User Profile: Beginners and experienced traders testing strategies.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed gunvor Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• User-friendly for beginners.

• No commission fees.

• Access to a variety of trading instruments.

• ECN Account:

• Direct market access.

• Lower spreads enhance profitability.

• Fast execution speeds.

• Pro Account:

• Best for high-volume traders.

• Tight spreads and lower commissions.

• Access to advanced trading tools.

• Islamic Account:

• Compliant with Sharia law.

• No swap fees.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free environment for practice.

• Same features as live accounts.

• Ideal for testing strategies.

Disadvantages of Each Account Type

• Standard Account:

• Limited features for advanced trading.

• Higher spreads compared to ECN.

• ECN Account:

• Commission fees may reduce profits.

• Requires a higher level of trading knowledge.

• Pro Account:

• Higher minimum deposit may be required.

• Not suitable for casual traders.

• Islamic Account:

• Limited availability of features compared to other accounts.

• May have restrictions on certain trading strategies.

• Demo Account:

• No real money involved.

• Limited duration before expiry.

gunvor Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Not specified.
• Prohibited Countries: Not specified.
• Identity Verification Documents Needed: Government-issued ID (passport or drivers license).
• Proof of Residence Requirements: Utility bill or bank statement with the applicant's name and address.
• Additional Documentation for Professional Accounts: Business registration documents may be required.

KYC/AML Compliance Procedures

Gunvor adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to provide identification and proof of residence.

Verification Time Frames

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

Step-by-Step gunvor Account Opening Guide

Detailed Step-by-Step Registration Process

1. Visit Website and Click Registration: Navigate to the Gunvor website and select the registration 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 (Standard, ECN, Pro, etc.).
4. Set Trading Preferences: Specify trading preferences and leverage options.
5. Document Upload: Upload required identification and proof of residence.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit funds into your account using the available payment methods.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, but mobile users may have a simplified interface.

Common Registration Issues and Solutions

• Issue: Document upload errors.

• Solution: Ensure documents are clear and meet the specified requirements.

• 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

Account types can be changed by contacting customer support and following their instructions for the upgrade or downgrade process.

gunvor Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment for practice.
• Allows traders to familiarize themselves with the trading platform.
• Offers access to the same trading instruments as live accounts.

How to Open a Demo Account

Visit the Gunvor website, select the demo account option, and follow the registration process similar to opening a live account.

Demo Account Limitations

• Limited duration before expiry.
• No real money involved, which may not reflect actual trading conditions.

Virtual Balance Amount

The demo account typically comes with a virtual balance that mimics real trading conditions.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Demo accounts may have time limits, while live accounts do not.

Duration/Expiry of Demo Accounts

Demo accounts usually expire after 30 days, but this may vary based on the broker's policies.

gunvor Islamic Account Details

Swap-Free/Islamic Account Availability

Gunvor offers Islamic accounts that comply with Sharia law, allowing traders to avoid swap fees.

Eligibility Requirements

To qualify for an Islamic account, traders must provide documentation confirming their Muslim faith.

Differences from Standard Accounts

Islamic accounts do not incur swap fees, making them suitable for Muslim traders.

How to Apply for Islamic Account

Traders can apply for an Islamic account during the registration process or by contacting customer support.

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions that differ from standard accounts, such as limitations on certain trading strategies.

FAQs – gunvor Account Types & Opening

1. What account types does gunvor offer？

• Gunvor offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• The minimum deposit is not specified for any account type.

1. How long does gunvor account verification take？

• Verification typically takes 1-3 business days.

1. Does gunvor offer demo accounts？

• Yes, Gunvor offers demo accounts for practice.

1. Can I have multiple account types with gunvor？

• Yes, traders can have multiple account types.

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

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

1. What documents do I need to open a gunvor 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.