IGK broker Accounts

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

Part 1: igk Account Types Explained

IGK offers a variety of account types tailored to meet the needs of different traders. Below is an overview of the available account types, including their features and requirements.

Account Types Overview

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account
• Muslim Traders: Islamic Account
• All Levels: Demo Account

Part 2: Detailed igk Account Features

Feature Comparison Across Account Types

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit
• User-friendly interface
• Suitable for beginners
• Disadvantages:
• Higher spreads compared to ECN and Pro accounts
• Limited advanced features

ECN Account

• Advantages:
• Low spreads
• Direct market access
• Suitable for scalping
• Disadvantages:
• Higher minimum deposit
• Commission fees apply

Pro Account

• Advantages:
• Tight spreads
• Advanced trading tools
• Suitable for institutional traders
• Disadvantages:
• High minimum deposit
• Commission fees can add up

Islamic Account

• Advantages:
• Swap-free trading
• Compliant with Sharia law
• Disadvantages:
• Limited to specific trading instruments
• May have higher spreads

Demo Account

• Advantages:
• Risk-free trading environment
• Practice trading strategies
• Disadvantages:
• No real money involved
• Limited duration

Part 3: igk Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries; some restrictions may apply.
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID)
• Proof of residence (utility bill or bank statement)
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial background.

KYC/AML Compliance Procedures

IGK adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all traders to verify their identity and address before account activation.

Verification Time Frames

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

Part 4: Step-by-Step igk Account Opening Guide

Registration Process

1. Visit Website: Go to the IGK website.
2. Click Registration: Find and click on the "Register" button.
3. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
4. Choose Account Type: Select the account type that suits your trading needs.
5. Set Trading Preferences: Specify your trading preferences, such as leverage and trading instruments.
6. Document Upload: Upload the required identity verification documents.
7. Account Verification: Wait for the verification process to complete.
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, although the mobile interface may have simplified steps for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• 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 completeness of the application and documents.

How to Upgrade/Downgrade Account Types

Traders can request an upgrade or downgrade of their account type through the customer support portal or directly in their account settings.

Part 5: igk Demo Account Guide

Demo Account Features and Benefits

• Features:
• Access to real-time market data
• Ability to practice trading strategies without risk
• Virtual balance to simulate trading conditions
• Benefits:
• Ideal for beginners to learn trading without financial risk
• Allows experienced traders to test new strategies

How to Open a Demo Account

1. Visit the IGK website.
2. Click on the "Demo Account" option.
3. Fill in the required personal information.
4. Submit the application to receive access details.

Demo Account Limitations

• Virtual Balance Amount: Typically set at a predefined amount (e.g., $100,000).
• Duration/Expiry of Demo Accounts: Demo accounts may expire after a certain period, usually 30 days, unless extended.

Demo vs Live Account Differences

• Demo Account: Uses virtual funds, no real financial risk.
• Live Account: Involves real money trading, with actual financial implications.

Part 6: igk Islamic Account Details

Swap-free/Islamic Account Availability

IGK offers an Islamic account that adheres to Sharia law, allowing Muslim traders to engage in trading without incurring interest.

Eligibility Requirements

To qualify for an Islamic account, traders must provide documentation confirming their religious beliefs and adherence to Islamic finance principles.

Differences from Standard Accounts

Islamic accounts do not incur swap fees, making them suitable for long-term positions without interest penalties.

How to Apply for Islamic Account

Traders can apply for an Islamic account during the registration process by selecting the Islamic account option and providing the necessary documentation.

Restrictions or Special Conditions

Islamic accounts may have specific conditions regarding trading instruments and may not be available in all regions.

FAQs – igk Account Types & Opening

1. What account types does igk offer？

• IGK 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.

1. How long does igk account verification take？

• Verification typically takes 1 to 3 business days.

1. Does igk offer demo accounts？

• Yes, IGK offers demo accounts for practice trading.

1. Can I have multiple account types with igk？

• Yes, traders can hold multiple account types.

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

• Yes, IGK provides Islamic accounts that are swap-free.

1. What documents do I need to open a igk 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.