IDEA broker Accounts

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

Part 1: idea Account Types Overview

idea Account Types Explained

The idea trading platform offers several account types to cater to different trading needs and preferences. Below is a detailed overview of each account type:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:500
• Key Features: Basic trading tools, access to major currency pairs, and standard order types.
• Target User Profile: Suitable for beginner traders.
• Trading Instruments Available: Forex, commodities, indices.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads from 0.0 pips + $3 commission per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips + $2 commission per lot
• Leverage Options: Up to 1:100
• Key Features: Enhanced trading conditions, priority customer support, and advanced trading tools.
• Target User Profile: Professional traders and institutional clients.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: No swap fees, compliant with Islamic finance principles.
• Target User Profile: Muslim traders seeking Sharia-compliant trading options.
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:500
• Key Features: Practice trading with virtual funds, access to all trading instruments.
• Target User Profile: Beginners and traders looking to test strategies.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: idea Account Features Comparison

Detailed idea Account Features

The following features provide a comprehensive comparison across different account types:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:100

• Islamic: Up to 1:500

• Demo: Up to 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: From 0.5 pips

• Islamic: Same as Standard

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Micro, Mini, Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Demo Account Features:

• Virtual balance amount: $10,000 (or as set by the user)

• Duration/expiry: Typically 30 days or as specified by the broker.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to a wide range of instruments

• ECN Account:

• Tight spreads and low commissions

• Fast execution speeds

• Ideal for scalping strategies

• Pro Account:

• Enhanced trading conditions

• Priority customer support

• Suitable for high-volume traders

• Islamic Account:

• No swap fees

• Compliant with Islamic law

• Flexible trading options

• Demo Account:

• Risk-free trading environment

• Ability to practice 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 may add up for frequent traders

• Pro Account:

• High minimum deposit requirement

• Not suitable for casual traders

• Islamic Account:

• Limited availability of certain features

• Not all instruments may be eligible for swap-free trading

• Demo Account:

• No real money involved

• Limited duration may not be enough for thorough testing

Part 3: idea Account Opening Requirements

idea Account Registration Requirements

To open an idea account, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; however, specific countries may be prohibited due to regulatory reasons.
• Prohibited Countries: Specific countries may be restricted; check with the broker for the latest list.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID)
• Proof of income (bank statement, payslip)
• Proof of Residence Requirements:
• Utility bill or bank statement showing the applicant's name and address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial statements.

KYC/AML Compliance Procedures

• All applicants must complete a Know Your Customer (KYC) process, which includes identity verification and proof of residence.
• Anti-Money Laundering (AML) checks will also be conducted.

Verification Time Frames

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

Part 4: idea Account Opening Process

Step-by-Step idea Account Opening Guide

1. Visit Website and Click Registration: Navigate to the idea website and click on the registration button.
2. Personal Information Entry: Fill in personal details such as name, email address, and phone number.
3. Choose Account Type: Select the desired account type from the available options.
4. Set Trading Preferences: Specify trading preferences, such as leverage and trading instruments.
5. Document Upload: Upload required documents for identity verification and proof of residence.
6. Account Verification: Wait for the broker to verify the submitted documents.
7. Fund Your Account: Once verified, fund your account using the preferred payment method.
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, although the mobile interface may be more streamlined for ease of use.

Common Registration Issues and Solutions

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

Average Account Approval Time

• The average account approval time is between 1-3 business days.

How to Upgrade/Downgrade Account Types

• Account types can typically be changed by contacting customer support or through the user dashboard, depending on the broker's policies.

Part 5: idea Demo Account Information

idea Demo Account Guide

• Demo Account Features and Benefits:

• Practice trading without financial risk.

• Access to real market conditions with virtual funds.

• Ability to test strategies and familiarize with the trading platform.

• How to Open a Demo Account:

• Visit the idea website and select the demo account option.

• Fill in the required information and create an account.

• Access the demo trading platform with virtual funds.

• Demo Account Limitations:

• Limited duration (typically 30 days).

• No real money involved, which may not reflect true trading psychology.

• Virtual Balance Amount: Typically $10,000 or as specified.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds, while live accounts involve real money.

• Live accounts may have different trading conditions and fees.

• Duration/Expiry of Demo Accounts: Generally expires after 30 days unless extended.

Part 6: idea Islamic Account Details

idea Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, available for all account types.
• Eligibility Requirements: Must be a Muslim trader seeking Sharia-compliant trading options.
• Differences from Standard Accounts: No swap fees applied, ensuring compliance with Islamic finance principles.
• How to Apply for Islamic Account: Select the Islamic account option during the registration process or contact customer support.
• Restrictions or Special Conditions: Must adhere to the principles of Islamic finance; check with the broker for specific conditions.

FAQs – idea Account Types & Opening

1. What account types does idea offer？

• idea 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: N/A.

1. How long does idea account verification take？

• Verification typically takes 1-3 business days.

1. Does idea offer demo accounts？

• Yes, idea offers demo accounts for practice trading.

1. Can I have multiple account types with idea？

• Yes, you can open multiple account types.

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

• Yes, Islamic accounts are available.

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

• Government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, account types can be changed by contacting customer support or through the user dashboard.