imarketlive broker Accounts

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

imarketlive Account Types Explained

iMarketsLive, now known as IM Mastery Academy, offers various account types tailored to different trading needs. Below is an overview of the available account types, their features, and target user profiles.

Available Account Types

1. Platinum Package

• Minimum Deposit Requirement: $195
• Spread/Commission Structure: Variable spreads; commissions may apply based on trading volume.
• Leverage Options: Up to 1:500
• Key Features: Access to all educational resources, live trading sessions, and proprietary trading tools.
• Target User Profile: Ideal for beginners and intermediate traders looking for comprehensive training and tools.
• Trading Instruments Available: Forex, cryptocurrencies, commodities, and indices.

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Fixed spreads starting from 1.0 pips.
• Leverage Options: Up to 1:200
• Key Features: Basic trading features with access to standard educational materials.
• Target User Profile: Suitable for novice traders who want to start trading with lower capital.
• Trading Instruments Available: Forex pairs and some commodities.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips with a commission fee.
• Leverage Options: Up to 1:100
• Key Features: Direct market access with lower spreads and faster execution.
• Target User Profile: Advanced traders who require better pricing and execution.
• Trading Instruments Available: Forex, commodities, and indices.

1. Islamic Account

• Minimum Deposit Requirement: $200
• Spread/Commission Structure: Similar to the Standard Account but swap-free.
• Leverage Options: Up to 1:200
• Key Features: Complies with Sharia law, offering a swap-free trading environment.
• Target User Profile: Muslim traders seeking compliance with Islamic finance principles.
• Trading Instruments Available: Forex and commodities.

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Similar to the Standard Account.
• Leverage Options: Up to 1:200
• Key Features: Practice trading with virtual funds; access to educational resources.
• Target User Profile: Beginners wanting to practice trading without financial risk.
• Trading Instruments Available: All available instruments in live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account or Demo Account
• Intermediate Traders: Platinum Package
• Advanced Traders: ECN Account
• Muslim Traders: Islamic Account

Detailed imarketlive Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• Platinum: $195

• ECN: $500

• Islamic: $200

• Maximum Leverage:

• Standard: Up to 1:200

• Platinum: Up to 1:500

• ECN: Up to 1:100

• Islamic: Up to 1:200

• Spreads:

• Standard: Fixed from 1.0 pips

• Platinum: Variable

• ECN: Raw from 0.0 pips

• Islamic: Similar to Standard

• Commission Fees:

• Standard: None

• Platinum: Variable based on trading volume

• ECN: Commission applies

• Islamic: None

• Lot Size:

• Standard: Micro, Mini, Standard

• Platinum: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Islamic: Micro, Mini, Standard

• Available Trading Platforms:

• All accounts: MT4 and MT5

• Execution Type:

• Standard: Market

• Platinum: Instant

• ECN: ECN

• Islamic: Market

• Islamic Account Availability:

• Yes, available for Islamic Account holders.

• Swap-Free Options:

• Available for Islamic Accounts.

• Demo Account Features:

• Virtual balance for practice, access to educational resources.

Advantages and Disadvantages of Each Account Type

• Platinum Package:

• Advantages: Comprehensive resources, live trading sessions, high leverage.

• Disadvantages: Higher initial cost.

• Standard Account:

• Advantages: Low minimum deposit, fixed spreads.

• Disadvantages: Limited features compared to Platinum.

• ECN Account:

• Advantages: Lower spreads, faster execution.

• Disadvantages: Higher minimum deposit, commission fees.

• Islamic Account:

• Advantages: Complies with Sharia law, swap-free.

• Disadvantages: Limited to specific trading instruments.

• Demo Account:

• Advantages: Risk-free practice, access to educational materials.

• Disadvantages: Limited to virtual funds, not suitable for real trading.

imarketlive Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in over 120 countries; specific restrictions may apply.
• Prohibited Countries: Not specified in available data.

Identity Verification Documents Needed

• Photo Identification: Passport, National ID, or Driver's License.
• Proof of Residence: Utility bill or bank statement showing your name and address.

Additional Documentation for Professional Accounts

• May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• All new accounts must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.

Verification Time Frames

• Typically, verification can take up to 48 hours, depending on the volume of applications.

Step-by-Step imarketlive Account Opening Guide

Registration Process

1. Visit the Website: Go to the iMarketsLive official website.
2. Click Registration: Find and click the registration 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, including leverage and trading instruments.
6. Document Upload: Upload the required identification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Once verified, deposit funds into your trading account.
9. Start Trading: Access your account and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but the mobile interface may have fewer features.

Common Registration Issues and Solutions

• Issue: Document upload failure.

• Solution: Ensure documents are clear and meet size requirements.

• Issue: Verification delays.

• Solution: Contact customer support for updates.

Average Account Approval Time

• Generally, account approval takes between 24 to 48 hours.

How to Upgrade/Downgrade Account Types

• Log into your account and navigate to the account settings to request an upgrade or downgrade.

imarketlive Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading.
• Access to educational resources and tools similar to live accounts.

How to Open a Demo Account

• Follow the same registration process but select the demo account option.

Demo Account Limitations

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

Virtual Balance Amount

• Typically set at $10,000 in virtual funds.

Demo vs Live Account Differences

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

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for 30 days, after which they may expire unless converted to a live account.

imarketlive Islamic Account Details

Swap-Free/Islamic Account Availability

• Yes, Islamic accounts are available for traders who require a swap-free trading environment.

Eligibility Requirements

• Must provide documentation confirming Islamic finance compliance.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, aligning with Sharia law.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process and provide necessary documentation.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions that differ from standard accounts.

FAQs – imarketlive Account Types & Opening

1. What account types does imarketlive offer？

• iMarketsLive offers Platinum, Standard, ECN, Islamic, and Demo accounts.

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

• Standard: $100, Platinum: $195, ECN: $500, Islamic: $200.

1. How long does imarketlive account verification take？

• Verification typically takes 24 to 48 hours.

1. Does imarketlive offer demo accounts？

• Yes, iMarketsLive provides demo accounts for practice trading.

1. Can I have multiple account types with imarketlive？

• Yes, you can hold multiple account types.

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

• Yes, Islamic accounts are available.

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

• A photo ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can upgrade or downgrade your account type through your account settings.