GXP broker Accounts

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

gxp Account Types Explained

GxP offers several account types tailored to different trading needs and profiles. Below is a comprehensive overview of the available account types, including their features, requirements, and target users.

Account Types Overview

Recommended Account Types by Trader Level

• Beginners: Standard or Demo account
• Intermediate Traders: ECN account
• Advanced Traders: Pro account
• Muslim Traders: Islamic account

Detailed gxp Account Features

Comparison of Features Across Different Account Types

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:
• Low spreads
• Direct market access
• Faster execution
• Disadvantages:
• Higher minimum deposit
• Commission fees apply

Pro Account

• Advantages:
• Fixed spreads
• Lower commission fees
• Advanced trading tools
• Disadvantages:
• High minimum deposit
• Not suitable for beginners

Islamic Account

• Advantages:
• Compliant with Sharia law
• No swap fees
• Disadvantages:
• Limited to specific trading instruments
• Higher minimum deposit than Standard

Demo Account

• Advantages:
• Free to use
• Risk-free trading environment
• Disadvantages:
• Limited to virtual funds
• No real market experience

gxp Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; specific restrictions may apply.
• Prohibited Countries: Countries under international sanctions or restrictions.
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license)
• Proof of residence (utility bill or bank statement)
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

GxP adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This includes verifying the identity of clients and monitoring transactions for suspicious activity.

Verification Time Frames

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

Step-by-Step gxp Account Opening Guide

Detailed Registration Process

1. Visit Website: Go to the official GxP website.
2. Click Registration: Find and click the registration button.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).
5. Set Trading Preferences: Specify trading preferences and leverage options.
6. Document Upload: Upload required identity verification documents.
7. Account Verification: Wait for account verification to be completed.
8. Fund Your Account: Deposit the minimum required amount to start trading.
9. Start Trading: Access your account and begin trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, though the mobile interface may have a more streamlined layout.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

To change account types, contact customer support or access the account settings on the GxP platform to submit a request.

gxp Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments with virtual funds.
• Benefits: Practice trading strategies without financial risk.

How to Open a Demo Account

1. Visit the GxP website.
2. Click on the demo account registration link.
3. Fill out the required information.
4. Receive login credentials to access the demo account.

Demo Account Limitations

Demo accounts may have limitations on the duration of use and virtual balance amounts.

Virtual Balance Amount

Typically, demo accounts come with a virtual balance of $10,000 or more, depending on the broker's policies.

Demo vs Live Account Differences

Demo accounts simulate trading conditions but do not involve real money, while live accounts require actual capital and involve real market risks.

Duration/Expiry of Demo Accounts

Demo accounts usually remain active for a limited time, often up to 30 days, but may be extended based on broker policies.

gxp Islamic Account Details

Swap-Free/Islamic Account Availability

GxP offers Islamic accounts that comply with Sharia law, allowing traders to engage in trading without incurring swap fees.

Eligibility Requirements

To qualify for an Islamic account, traders must declare their adherence to Islamic finance principles.

Differences from Standard Accounts

Islamic accounts do not incur swap fees and may have different trading conditions compared to standard accounts.

How to Apply for Islamic Account

To apply, select the Islamic account option during the registration process and provide necessary documentation.

Restrictions or Special Conditions

Islamic accounts may have specific trading restrictions, such as limited access to certain instruments or trading strategies.

FAQs – gxp Account Types & Opening

1. What account types does gxp offer？

• GxP 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: $100, Demo: Free.

1. How long does gxp account verification take？

• Verification typically takes 1 to 3 business days.

1. Does gxp offer demo accounts？

• Yes, GxP offers demo accounts for practice trading.

1. Can I have multiple account types with gxp？

• Yes, traders can hold multiple account types.

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

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

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

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

1. Can I change my account type after registration？

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