IAL Account Type

IAL offers a variety of trading account types tailored to different trading needs. The main account types include:

• Standard Account: This is the most common account type suitable for retail traders. It typically features competitive spreads and access to a range of trading instruments.
• Raw Spread Account: Designed for traders who prefer a commission-based structure, this account type provides tighter spreads.
• Margin Account: Allows traders to borrow funds to trade larger positions, increasing both potential profits and risks.
• Cash Account: Suitable for beginners, this account type limits trading to the funds available in the account, minimizing risk.

Each account type has specific features and trading conditions, including leverage options and minimum deposit requirements.

IAL Broker Account Opening Process

Opening an account with IAL involves several steps:

• Visit the Official Website: Navigate to the IAL trading platform's website.
• Select Account Type: Choose the type of account you wish to open (Standard, Raw Spread, Margin, or Cash).
• Complete the Application: Fill out the online application form with your personal information, including contact details and financial background.
• Upload Documentation: Provide necessary identification documents such as a passport or driver's license and proof of address (like a utility bill).
• Fund Your Account: Make an initial deposit to activate your trading account. The minimum deposit requirement is typically $100.
• Verification Process: IAL will review your application and documents. This may take a few business days.
• Start Trading: Once your account is approved and funded, you can begin trading on the platform.

For more detailed information and specific requirements, refer to IAL's official website.