Immediate Edge offers several account types tailored to different trading needs and experience levels. Below is a detailed overview of the available account types:
1. Standard Account
- Minimum Deposit Requirement: $250
- Spread/Commission Structure: Variable spreads starting from 1.0 pips
- Leverage Options: Up to 1:500
- Key Features: Basic trading features, access to all trading instruments, and customer support.
- Target User Profile: Beginners and casual traders.
- Trading Instruments Available: Forex pairs, cryptocurrencies, commodities, and indices.
2. ECN Account
- Minimum Deposit Requirement: $500
- Spread/Commission Structure: Low spreads starting from 0.1 pips, with a commission fee of $5 per lot.
- Leverage Options: Up to 1:200
- Key Features: Direct market access, faster execution speeds, and lower spreads.
- Target User Profile: Intermediate to advanced traders.
- Trading Instruments Available: Forex pairs, cryptocurrencies, commodities, and indices.
3. Pro Account
- Minimum Deposit Requirement: $1,000
- Spread/Commission Structure: Spreads from 0.0 pips with a commission fee of $3 per lot.
- Leverage Options: Up to 1:100
- Key Features: Enhanced trading tools, priority customer support, and advanced trading features.
- Target User Profile: Professional traders and institutions.
- Trading Instruments Available: Forex pairs, cryptocurrencies, commodities, indices, and CFDs.
4. Islamic Account
- Minimum Deposit Requirement: $250
- Spread/Commission Structure: Similar to the Standard Account, but swap-free.
- Leverage Options: Up to 1:500
- Key Features: Complies with Sharia law, no interest on overnight positions.
- Target User Profile: Muslim traders seeking compliance with Islamic finance principles.
- Trading Instruments Available: Forex pairs, cryptocurrencies, commodities, and indices.
5. Demo Account
- Minimum Deposit Requirement: N/A (virtual funds)
- Spread/Commission Structure: Similar to Standard Account conditions.
- Leverage Options: Up to 1:500
- Key Features: Practice trading without financial risk, access to all trading instruments.
- Target User Profile: Beginners wanting to learn trading without real money.
- Trading Instruments Available: Forex pairs, cryptocurrencies, commodities, and indices.
Account Type Comparison Table
Recommended Account Types by Trader Level
- Beginners: Standard Account, Demo Account
- Intermediate Traders: ECN Account
- Advanced Traders: Pro Account
- Muslim Traders: Islamic Account
Account Features Comparison
Advantages of Each Account Type
-
Standard Account:
Low minimum deposit
Suitable for beginners
Access to a wide range of instruments
Basic customer support
ECN Account:
Lower spreads
Direct market access
Faster execution speeds
Ideal for scalpers and day traders
Pro Account:
Lowest spreads available
Advanced trading tools
Priority support
Suitable for high-volume traders
Islamic Account:
Complies with Sharia law
No overnight interest
Suitable for Muslim traders
Demo Account:
Risk-free trading environment
Ideal for practice and learning
Access to all features of live accounts
Disadvantages of Each Account Type
-
Standard Account:
Higher spreads compared to ECN and Pro accounts
Limited advanced features
ECN Account:
Higher minimum deposit requirement
Commission fees apply
Pro Account:
Highest minimum deposit requirement
Commission fees apply
Islamic Account:
Limited availability
May have fewer features compared to other accounts
Demo Account:
Virtual funds only
Limited to practice trading without real financial consequences
Eligibility Criteria
- Age Requirements: Must be at least 18 years old.
- Geographic Restrictions: Available in multiple countries, but specific restrictions may apply.
- Prohibited Countries: Countries with strict regulations on cryptocurrency trading may be restricted.
- Identity Verification Documents Needed: Government-issued ID (passport or driver‘s license).
- Proof of Residence Requirements: Utility bill or bank statement showing the user’s name and address.
- Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.
KYC/AML Compliance Procedures
Immediate Edge adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring users to verify their identity and address during the registration process.
Verification Time Frames
Typically, account verification can take anywhere from a few minutes to 24 hours, depending on the volume of applications and the completeness of the submitted documents.
Registration Process
- Visit the Website: Go to the Immediate Edge official website.
- Click Registration: Locate and click the registration button.
- Personal Information Entry: Fill in the required personal details such as name, email, and phone number.
- Choose Account Type: Select the desired account type based on your trading needs.
- Set Trading Preferences: Adjust your trading settings, including risk levels and preferred trading instruments.
- Document Upload: Upload the necessary identification and proof of residence documents.
- Account Verification: Wait for the verification process to complete, which may involve a phone call for confirmation.
- Fund Your Account: Deposit the minimum required amount to activate your trading account.
- Start Trading: Once funded, you can begin trading on the platform.
Desktop vs Mobile Registration Differences
The registration process is similar for both desktop and mobile platforms, though the mobile interface may be more streamlined for quick entry.
Common Registration Issues and Solutions
-
Issue: Document upload fails.
Solution: Ensure documents are clear and in the correct format.
Issue: Verification delays.
Solution: Contact customer support for assistance.
Average Account Approval Time
Most accounts are approved within 24 hours, but it can vary based on the completeness of the submitted information.
How to Upgrade/Downgrade Account Types
Users can typically upgrade or downgrade their account types by contacting customer support and following the necessary procedures.
Demo Account Features and Benefits
- Provides a risk-free environment to practice trading.
- Access to all trading instruments available in live accounts.
- Ideal for beginners to learn the platform and trading strategies.
How to Open a Demo Account
- Follow the same registration process as for a live account, selecting the demo option during the account type selection.
Demo Account Limitations
- Limited to virtual funds, meaning no real profits can be earned.
- May have a time limit on usage.
Virtual Balance Amount
The demo account typically comes with a virtual balance of $10,000 for practice trading.
Demo vs Live Account Differences
- Demo accounts use virtual funds, while live accounts require real money deposits.
- Live accounts involve real trading risks and potential profits or losses.
Duration/Expiry of Demo Accounts
Demo accounts may remain active for a limited time, typically around 30 days, after which they may expire if not converted to a live account.
Swap-Free/Islamic Account Availability
Immediate Edge offers Islamic accounts that comply with Sharia law, allowing Muslim traders to engage in trading without incurring interest on overnight positions.
Eligibility Requirements
Users must indicate their preference for an Islamic account during the registration process and provide any necessary documentation to verify their eligibility.
Differences from Standard Accounts
Islamic accounts do not incur swap fees, making them compliant with Islamic finance principles.
How to Apply for Islamic Account
Select the Islamic account option during the registration process or contact customer support for assistance.
Restrictions or Special Conditions
Islamic accounts may have specific trading conditions, such as limitations on certain trading strategies that involve interest.
- What account types does immediate edge offer?
- Immediate Edge offers Standard, ECN, Pro, Islamic, and Demo accounts.
- What is the minimum deposit for each account type?
- Standard: $250, ECN: $500, Pro: $1,000, Islamic: $250, Demo: N/A.
- How long does immediate edge account verification take?
- Verification typically takes a few minutes to 24 hours.
- Does immediate edge offer demo accounts?
- Yes, Immediate Edge offers demo accounts for practice trading.
- Can I have multiple account types with immediate edge?
- Yes, users can have multiple account types, but they may need to manage them separately.
- Does immediate edge offer Islamic/swap-free accounts?
- Yes, Immediate Edge offers Islamic accounts that comply with Sharia law.
- What documents do I need to open a immediate edge account?
- A government-issued ID and proof of residence are required.
- Can I change my account type after registration?
- Yes, users can change their account type by contacting customer support.
Immediate Edge accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .