Heartbeat offers several account types tailored to different trading needs and experiences. Below is a comprehensive overview of each account type available on the platform:
| Account Type | Minimum Deposit | Spread/Commission Structure | Leverage Options | Key Features | Target User Profile | Trading Instruments Available |
|---|---|---|---|---|---|---|
| Standard | $100 | Variable spreads, no commission | Up to 1:500 | Basic features, suitable for beginners | Beginner | Forex, commodities, indices |
| ECN | $500 | Low spreads, commission per trade | Up to 1:200 | Direct market access, faster execution | Advanced | Forex, commodities |
| Pro | $1,000 | Tight spreads, commission based on volume | Up to 1:100 | Advanced trading tools, analytics | Institutional | Forex, commodities, indices |
| Islamic | $100 | Variable spreads, no commission | Up to 1:500 | Swap-free, compliant with Sharia law | Muslim traders | Forex, commodities |
| Demo | N/A | N/A | N/A | Practice trading without risk | All levels | Forex, commodities, indices |
The following table compares key features across different heartbeat account types:
| Feature | Standard | ECN | Pro | Islamic | Demo |
|---|---|---|---|---|---|
| Minimum Deposit | $100 | $500 | $1,000 | $100 | N/A |
| Maximum Leverage | 1:500 | 1:200 | 1:100 | 1:500 | N/A |
| Spreads (Typical/Minimum) | Variable | Low | Tight | Variable | N/A |
| Commission Fees | None | Yes | Yes | None | N/A |
| Lot Size | Standard | Standard | Standard | Standard | N/A |
| Available Trading Platforms | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4, MT5 |
| Execution Type | Market | ECN | Market | Market | N/A |
| Islamic Account Availability | No | No | No | Yes | No |
| Swap-free Options | No | No | No | Yes | No |
| Demo Account Features | N/A | N/A | N/A | N/A | Yes |
To open a heartbeat account, users must meet the following eligibility criteria:
Demo Account Features and Benefits:
Access to all trading instruments.
Practice trading strategies without financial risk.
Simulated trading environment with real market conditions.
How to Open a Demo Account:
Follow the same registration steps but select the Demo Account option.
Demo Account Limitations:
Limited to virtual funds and does not allow real money trading.
Virtual Balance Amount:
Typically starts with a virtual balance of $10,000.
Demo vs Live Account Differences:
Demo accounts simulate trading without risk, while live accounts involve real money and market conditions.
Duration/Expiry of Demo Accounts:
Demo accounts may expire after a certain period, often 30 days, but can be renewed.
Swap-free/Islamic Account Availability:
Yes, heartbeat offers an Islamic account option.
Eligibility Requirements:
Must be a Muslim trader seeking compliance with Sharia law.
Differences from Standard Accounts:
Islamic accounts do not incur swap fees.
How to Apply for Islamic Account:
Select the Islamic account option during the registration process and provide necessary documentation.
Restrictions or Special Conditions:
Must adhere to the principles of Islamic finance.
Explore broker markets account types: forex/trading accounts with demo access.