Innovators broker Accounts

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

innovators Account Types Explained

In the rapidly evolving landscape of trading, innovators offer various account types tailored to meet the diverse needs of traders. Below is a comprehensive overview of the available account types, including their key features, minimum deposit requirements, and target user profiles.

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: User-friendly interface, access to educational resources
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex, commodities, indices

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Low spreads from 0.1 pips + commission
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution speeds
• Target User Profile: Experienced traders and scalpers
• Trading Instruments Available: Forex, cryptocurrencies, commodities

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Tight spreads with lower commissions
• Leverage Options: Up to 1:100
• Key Features: Advanced trading tools, priority customer support
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Forex, indices, stocks

4. Islamic Account

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

5. Demo Account

• Minimum Deposit Requirement: Virtual funds (not applicable)
• Spread/Commission Structure: Simulated market conditions
• Leverage Options: Up to 1:500 (simulated)
• Key Features: Risk-free trading environment, practice strategies
• Target User Profile: Beginners and traders testing new strategies
• Trading Instruments Available: Forex, commodities, 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

Detailed innovators Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:
• Easy to use for beginners
• No commission fees
• Access to educational resources
• ECN Account:
• Low spreads and fast execution
• Direct market access
• Ideal for scalping strategies
• Pro Account:
• Advanced trading tools
• Lower commission fees
• Priority customer support
• Islamic Account:
• Compliant with Sharia law
• No swap fees
• Suitable for Muslim traders
• Demo Account:
• Risk-free environment
• Practice trading strategies
• Access to all trading instruments

Disadvantages of Each Account Type

• Standard Account:
• Higher spreads compared to ECN
• Limited advanced features
• ECN Account:
• Requires higher minimum deposit
• Commission fees may add up
• Pro Account:
• Higher minimum deposit requirement
• Not suitable for casual traders
• Islamic Account:
• Limited availability of trading instruments
• May have higher spreads
• Demo Account:
• No real money trading
• Limited duration for practice

innovators Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old
• Geographic Restrictions: Available in most countries; check specific restrictions
• Prohibited Countries: Typically includes countries under sanctions (e.g., North Korea, Iran)
• Identity Verification Documents Needed:
• Government-issued ID (passport or driver's license)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Recent documents showing your name and address
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience

KYC/AML Compliance Procedures

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks to verify identity and prevent fraud.

Verification Time Frames

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

Step-by-Step innovators Account Opening Guide

innovators Account Opening Process

1. Visit Website and Click Registration: Navigate to the official innovators website and select the registration option.
2. Personal Information Entry: Fill in your personal details including name, email, and phone number.
3. Choose Account Type: Select the desired account type based on your trading needs.
4. Set Trading Preferences: Indicate your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with mobile offering a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Not receiving the verification email.
• Solution: Check spam/junk folders or request a resend.
• Issue: Document upload errors.
• Solution: Ensure documents are clear and meet the required format.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Account upgrades or downgrades can typically be requested through the account management section of the website.

innovators Demo Account Guide

innovators Demo Account Information

• Demo Account Features and Benefits: Access to all trading instruments, risk-free trading environment, and the ability to practice strategies without financial risk.
• How to Open a Demo Account: Select the demo account option during the registration process and follow the prompts.
• Demo Account Limitations: Limited duration (usually 30 days) and no real money trading.
• Virtual Balance Amount: Typically offers a virtual balance of $100,000 for practice.
• Demo vs Live Account Differences: Demo accounts simulate trading conditions but do not involve real money or actual market risks.
• Duration/Expiry of Demo Accounts: Demo accounts usually expire after 30 days unless extended by the broker.

innovators Islamic Account Details

innovators Islamic Account Availability

• Swap-Free/Islamic Account Availability: Yes, Islamic accounts are available for traders seeking compliance with Sharia law.
• Eligibility Requirements: Must provide documentation confirming the need for a swap-free account.
• Differences from Standard Accounts: Islamic accounts do not incur swap fees but may have slightly higher spreads.
• 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 limitations on certain trading instruments.

FAQs – innovators Account Types & Opening

1. What account types does innovators offer？

• Innovators 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, Demo: Virtual funds.

1. How long does innovators account verification take？

• Account verification typically takes 1-3 business days.

1. Does innovators offer demo accounts？

• Yes, innovators provides demo accounts for practice trading.

1. Can I have multiple account types with innovators？

• Yes, traders can open multiple account types.

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

• Yes, Islamic accounts are available for compliant trading.

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

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, account type changes can be requested through the account management section.