IGI broker Accounts

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

Part 1: igi Account Types Overview

igi Account Types Explained

IGI offers a variety of account types tailored to meet the needs of different traders. Below is a breakdown of the available account types:

1. Standard Account

• Minimum Deposit Requirement: Varies by region
• Spread/Commission Structure: Fixed spreads starting from 1.0 pips
• Leverage Options: Up to 1:100
• Key Features: Ideal for beginners, access to educational resources
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex, commodities, indices

2. ECN Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.0 pips, commission applies
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads
• Target User Profile: Advanced traders and scalpers
• Trading Instruments Available: Forex, commodities, indices

3. Pro Account

• Minimum Deposit Requirement: $10,000
• Spread/Commission Structure: Competitive spreads, commission-based
• Leverage Options: Up to 1:500
• Key Features: Advanced trading tools, priority customer support
• Target User Profile: Professional traders and institutional clients
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

4. Islamic Account

• Minimum Deposit Requirement: Same as Standard or ECN
• Spread/Commission Structure: Similar to Standard or ECN accounts but swap-free
• Leverage Options: Up to 1:100
• Key Features: Complies with Sharia law, no overnight interest
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

5. Demo Account

• Minimum Deposit Requirement: Not applicable (virtual funds)
• Spread/Commission Structure: Same as Standard account
• Leverage Options: Same as Standard account
• Key Features: Practice trading without risk, access to all trading instruments
• Target User Profile: Beginners and 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
• Practice Traders: Demo Account

Part 2: igi Account Features Comparison

Detailed igi Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: Varies

• ECN: $1,000

• Pro: $10,000

• Islamic: Same as Standard or ECN

• Demo: Not applicable

• Maximum Leverage:

• Standard: Up to 1:100

• ECN: Up to 1:200

• Pro: Up to 1:500

• Islamic: Up to 1:100

• Demo: Same as Standard

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.0 pips (commission applies)

• Pro: Competitive spreads (commission applies)

• Islamic: Similar to Standard or ECN

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: Yes, based on volume

• Pro: Yes, based on volume

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro/mini/standard

• ECN: Standard

• Pro: Standard

• Islamic: Standard

• Demo: 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: N/A

• Demo: N/A

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: N/A

• Demo Account Features:

• Virtual balance for practice

• Access to all trading instruments

• Duration typically unlimited but may vary

Advantages of Each Account Type

• Standard Account:

• Easy to use for beginners

• Access to educational resources

• No commission fees

• ECN Account:

• Lower spreads

• Direct market access

• Suitable for scalping strategies

• Pro Account:

• Advanced trading tools

• Higher leverage options

• Priority support

• Islamic Account:

• Complies with Sharia law

• No overnight interest charges

• Available for all trading instruments

• Demo Account:

• Risk-free trading environment

• Ideal for practice and strategy testing

• Access to all features of live accounts

Disadvantages of Each Account Type

• Standard Account:

• Limited advanced features

• Higher spreads compared to ECN

• ECN Account:

• Requires higher minimum deposit

• Commission fees can add up

• Pro Account:

• High minimum deposit requirement

• More complex for beginners

• Islamic Account:

• Limited to swap-free trading

• May have restrictions on certain trading strategies

• Demo Account:

• No real money involved

• Limited to virtual funds

Part 3: igi Account Opening Requirements

igi 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: Not specified in the available data
• Identity Verification Documents Needed: Government-issued ID (passport, national ID)
• Proof of Residence Requirements: Utility bill or bank statement with the applicant's name and address
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status

KYC/AML Compliance Procedures

• All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks as part of the registration process.

Verification Time Frames

• Account verification typically takes between 1 to 3 business days, depending on the volume of applications.

Part 4: igi Account Opening Process

Step-by-Step igi Account Opening Guide

1. Visit Website and Click Registration: Navigate to the official IGI website and select the registration option.
2. Personal Information Entry: Fill in your personal details, including name, email, and contact information.
3. Choose Account Type: Select the desired account type based on your trading needs.
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload required documents for identity verification.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate your trading account.
8. Start Trading: Once your account is funded and verified, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, though mobile users may have a more streamlined experience.

Common Registration Issues and Solutions

• Issue: Document upload failures
• Solution: Ensure documents are clear and in the correct format.
• Issue: Delays in verification
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes between 1 to 3 business days.

How to Upgrade/Downgrade Account Types

• Account type changes can be requested through customer support, subject to the necessary documentation and requirements for the new account type.

Part 5: igi Demo Account Information

igi Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment for practicing trading strategies.
• Access to all trading instruments available in live accounts.
• Ideal for beginners to familiarize themselves with the trading platform.

How to Open a Demo Account

• Visit the IGI website and select the demo account option, then follow the registration steps similar to opening a live account.

Demo Account Limitations

• Limited to virtual funds; cannot be used for real trading.
• May have an expiration date depending on the broker's policies.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $100,000 or similar.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Trading conditions may differ slightly in terms of spreads and execution.

Duration/Expiry of Demo Accounts

• Demo accounts may remain active for a specified period or until the user decides to transition to a live account.

Part 6: igi Islamic Account Details

igi Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available for all account types, including Standard, ECN, and Pro.

Eligibility Requirements

• Must comply with Islamic finance principles; no overnight interest.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them compliant with Sharia law.

How to Apply for Islamic Account

• During the account registration process, select the Islamic account option.

Restrictions or Special Conditions

• May have specific trading conditions or restrictions on certain instruments.

FAQs – igi Account Types & Opening

1. What account types does igi offer？

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

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

• Standard: Varies; ECN: $1,000; Pro: $10,000; Islamic: Same as Standard or ECN; Demo: Not applicable.

1. How long does igi account verification take？

• Verification typically takes 1 to 3 business days.

1. Does igi offer demo accounts？

• Yes, IGI offers demo accounts for practice trading.

1. Can I have multiple account types with igi？

• Yes, traders can open multiple account types as needed.

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

• Yes, IGI provides Islamic accounts that comply with Sharia law.

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

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

1. Can I change my account type after registration？

• Yes, changes can be requested through customer support, subject to requirements.