IMA broker Accounts

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

Part 1: ima Account Types Overview

ima Account Types Explained

The ima platform offers several account types tailored to different trading needs and preferences. Below is an overview of the available account types, including their key features and requirements.

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:
• Access to a wide range of trading instruments
• Suitable for beginners and retail traders
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Low spreads from 0.1 pips with a commission of $3 per lot
• Leverage Options: Up to 1:200
• Key Features:
• Direct market access
• Faster execution speeds
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, and indices

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 0.0 pips with a commission of $2 per lot
• Leverage Options: Up to 1:100
• Key Features:
• Tailored for professional traders
• Advanced trading tools and analytics
• Target User Profile: Institutional and professional traders
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies

4. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, depending on the chosen type
• Leverage Options: Up to 1:200
• Key Features:
• Swap-free trading in compliance with Islamic finance principles
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as live accounts
• Leverage Options: Same as live accounts
• Key Features:
• Practice trading with virtual funds
• Access to all trading instruments
• Target User Profile: Beginners and those testing strategies
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies

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: Demo Account

Part 2: ima Account Features Comparison

Detailed ima Account Features

The following section compares the features across different ima account types to help traders choose the best fit for their trading style.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to a variety of instruments

• ECN Account:

• Tight spreads and low commissions

• Fast execution speeds

• Direct access to the market

• Pro Account:

• Tailored for professional traders

• Advanced trading tools available

• Low commissions

• Islamic Account:

• Complies with Islamic finance principles

• Swap-free trading options

• Demo Account:

• Risk-free environment for practice

• Access to all trading instruments

• Ideal for testing strategies

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN or Pro accounts

• Limited advanced trading tools

• ECN Account:

• Higher minimum deposit requirement

• Commission fees may add up

• Pro Account:

• High minimum deposit requirement

• Not suitable for beginners

• Islamic Account:

• Limited availability for certain instruments

• Similar features to Standard or ECN accounts

• Demo Account:

• No real financial gain

• Limited to virtual funds

Part 3: ima Account Opening Requirements

ima Account Registration Requirements

To open an ima account, potential traders must meet certain eligibility criteria:

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old

• Geographic Restrictions: Available in most countries; check specific restrictions

• Prohibited Countries: Specific countries may be restricted based on regulatory compliance

• Identity Verification Documents Needed:

• Government-issued ID (passport or drivers license)

• Proof of address (utility bill, bank statement)

• Proof of Residence Requirements:

• Recent documents showing the applicant's name and address

• Additional Documentation for Professional Accounts:

• Financial statements or proof of trading experience may be required

• KYC/AML Compliance Procedures:

• All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks

• Verification Time Frames:

• Typically, account verification takes 1-3 business days, depending on document submission and review speed.

Part 4: ima Account Opening Process

Step-by-Step ima Account Opening Guide

The following steps outline the registration process for opening an ima account:

1. Visit the Website: Navigate to the ima official website.
2. Click Registration: Locate and click on the registration button.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).
5. Set Trading Preferences: Indicate trading preferences and risk tolerance.
6. Document Upload: Upload required identification and proof of residence documents.
7. Account Verification: Wait for the account to be verified by the ima team.
8. Fund Your Account: Once verified, fund your account using the available payment methods.
9. 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, but mobile users may have a streamlined interface for easier navigation.

Common Registration Issues and Solutions

• Issue: Document upload failures.

• Solution: Ensure documents are in the correct format and within size limits.

• Issue: Delays in verification.

• Solution: Contact customer support for updates.

Average Account Approval Time

• The average account approval time is typically 1-3 business days, depending on the completeness of the submitted documents.

How to Upgrade/Downgrade Account Types

• Users can request to upgrade or downgrade their account type through the customer support portal or by contacting customer service directly.

Part 5: ima Demo Account Information

ima Demo Account Guide

The ima demo account offers a risk-free environment for traders to practice their strategies.

• Demo Account Features and Benefits:

• Access to all trading instruments available in live accounts

• Ability to practice trading strategies without financial risk

• Real-time market conditions with virtual funds

• How to Open a Demo Account:

• Follow the same registration steps as for a live account, selecting the demo account option.

• Demo Account Limitations:

• Limited to virtual funds and cannot be used for real trading profits.

• Virtual Balance Amount:

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

• Demo vs Live Account Differences:

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

• Duration/Expiry of Demo Accounts:

• Demo accounts may remain active for a limited time, usually 30 days, after which they may need to be renewed or converted to a live account.

Part 6: ima Islamic Account (if available)

ima Islamic Account Details

The ima platform offers Islamic accounts tailored for traders who require swap-free trading options.

• Swap-Free/Islamic Account Availability:

• Islamic accounts are available and comply with Sharia law.

• Eligibility Requirements:

• Traders must declare their need for a swap-free account based on their religious beliefs.

• Differences from Standard Accounts:

• Islamic accounts do not incur swap fees, making them suitable for long-term positions.

• How to Apply for Islamic Account:

• Select the Islamic account option during registration or request it through customer support.

• Restrictions or Special Conditions:

• Islamic accounts may have similar trading conditions as standard accounts but without swap fees.

FAQs – ima Account Types & Opening

1. What account types does ima offer？

• ima 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: $500, Demo: N/A.

1. How long does ima account verification take？

• Verification typically takes 1-3 business days.

1. Does ima offer demo accounts？

• Yes, ima offers demo accounts for practice trading.

1. Can I have multiple account types with ima？

• Yes, traders can have multiple account types.

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

• Yes, ima offers Islamic accounts that comply with Sharia law.

1. What documents do I need to open a ima 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 through customer support.