Indicate broker Accounts

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

Part 1: indicate Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spread starting from 1.5 pips
• Leverage Options: Up to 1:500
• Key Features: Basic trading features, access to all trading instruments
• Target User Profile: Beginners and intermediate traders
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads from 0.0 pips + commission
• Leverage Options: Up to 1:100
• Key Features: Direct market access, lower spreads, suitable for high-frequency trading
• Target User Profile: Advanced traders and scalpers
• Trading Instruments Available: Forex, commodities, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Competitive spreads with lower commissions
• Leverage Options: Up to 1:200
• Key Features: Enhanced trading conditions, priority customer support
• Target User Profile: Professional traders and institutional clients
• Trading Instruments Available: Forex, commodities, indices, stocks

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: Swap-free trading to comply with Sharia law
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Same as Standard Account
• Key Features: Risk-free trading environment, practice trading strategies
• 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: Standard or Islamic Account
• Advanced Traders: ECN Account
• Professional Traders: Pro Account
• Testing Strategies: Demo Account

Part 2: indicate Account Features Comparison

Detailed indicate Account Features

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:100

• Pro: Up to 1:200

• Islamic: Up to 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.0 pips

• Pro: Competitive

• Islamic: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: Applicable

• Pro: Lower commissions

• Islamic: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Micro, Mini, Standard

• Islamic: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5, proprietary

• Islamic: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: Instant

• Pro: Market

• Islamic: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Swap-Free Options:

• Available for Islamic accounts only.

• Demo Account Features:

• Virtual trading environment with access to all instruments.

Advantages of Each Account Type

• Standard Account:

• Easy to open and manage

• No commission fees

• High leverage options

• ECN Account:

• Tight spreads

• Direct market access

• Suitable for scalping

• Pro Account:

• Enhanced trading conditions

• Lower commissions

• Priority support

• Islamic Account:

• Complies with Sharia law

• No swap fees

• Demo Account:

• Risk-free environment

• Practice without financial risk

• Access to all trading instruments

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees may apply

• Pro Account:

• Requires higher initial investment

• May not be suitable for beginners

• Islamic Account:

• Limited to Muslim traders

• May have fewer features than other accounts

• Demo Account:

• No real profits can be made

• Limited duration for practice

Part 3: indicate Account Opening Requirements

indicate Account Registration Requirements

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.

• Geographic Restrictions: Varies by account type; check with the provider.

• Prohibited Countries: Specific countries may be restricted; verify with the broker.

• Identity Verification Documents Needed:

• Government-issued photo ID (e.g., passport, driver's license)

• Social Security number or Individual Taxpayer Identification Number (ITIN)

• Proof of Residence Requirements:

• Utility bill, bank statement, or lease agreement showing your name and address.

• Additional Documentation for Professional Accounts:

• May require proof of trading experience or financial status.

• KYC/AML Compliance Procedures:

• Identity verification processes to comply with anti-money laundering regulations.

• Verification Time Frames:

• Typically 1-3 business days, depending on the broker's policies.

Part 4: indicate Account Opening Process

Step-by-Step indicate Account Opening Guide

1. Visit Website and Click Registration:

• Navigate to the broker's official website and select the "Open Account" option.

1. Personal Information Entry:

• Fill in your personal details, including name, address, and contact information.

1. Choose Account Type:

• Select the type of account you wish to open (Standard, ECN, etc.).

1. Set Trading Preferences:

• Indicate your trading preferences, such as leverage and trading instruments.

1. Document Upload:

• Upload the required identification and proof of residence documents.

1. Account Verification:

• Wait for the broker to verify your submitted documents.

1. Fund Your Account:

• Make the initial deposit as per the account type chosen.

1. Start Trading:

• Once your account is funded and verified, you can begin trading.

Desktop vs Mobile Registration Differences

• Desktop: Typically offers a more comprehensive view of the registration process.
• Mobile: May have simplified steps and require fewer details upfront.

Common Registration Issues and Solutions

• Issue: Document verification delays.

• Solution: Ensure all documents are clear and match the provided information.

• Issue: Incomplete application.

• Solution: Double-check all fields are filled out correctly before submission.

Average Account Approval Time

• Generally, account verification takes between 1-3 business days.

How to Upgrade/Downgrade Account Types

• Contact customer support or access your account settings to request changes.

Part 5: indicate Demo Account Information

indicate Demo Account Guide

• Demo Account Features and Benefits:

• Access to real-time market conditions without financial risk.

• Ability to test trading strategies and platforms.

• How to Open a Demo Account:

• Follow the registration process similar to opening a live account, selecting "Demo" as the account type.

• Demo Account Limitations:

• Limited duration (typically 30-90 days).

• Virtual funds only, no real profits.

• Virtual Balance Amount:

• Usually set at $10,000 or similar.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds; live accounts involve real money.

• Emotional factors in live trading may differ significantly from demo trading.

• Duration/Expiry of Demo Accounts:

• Most demo accounts expire after a set period unless extended by the broker.

Part 6: indicate Islamic Account (if available)

indicate Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Available for Standard, ECN, and Pro accounts.

• Eligibility Requirements:

• Must be a Muslim trader adhering to Sharia law.

• Differences from Standard Accounts:

• No swap fees applied to overnight positions.

• How to Apply for Islamic Account:

• Select the Islamic account option during the registration process.

• Restrictions or Special Conditions:

• Must comply with Sharia law; may have specific trading conditions.

FAQs – indicate Account Types & Opening

1. What account types does indicate offer？

• 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, Demo: Virtual funds.

1. How long does indicate account verification take？

• Typically 1-3 business days.

1. Does indicate offer demo accounts？

• Yes, a demo account is available for practice trading.

1. Can I have multiple account types with indicate？

• Yes, you can open multiple account types.

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

• Yes, Islamic accounts are available.

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

• Government-issued ID, Social Security number or ITIN, proof of residence.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type.