| Account Type | Minimum Deposit | Spread | Leverage | Key Features | Target User |
|---|---|---|---|---|---|
| Standard | $100 | From 1.5 pips | Up to 1:500 | Basic tools | Beginners |
| ECN | $500 | From 0.1 pips | Up to 1:200 | Direct access | Advanced |
| Pro | $1,000 | From 1.0 pip | Up to 1:300 | Advanced tools | Experienced |
| Islamic | $100 | Similar to Standard | Up to 1:500 | Swap-free | Muslim traders |
| Demo | Virtual funds | Same as Standard | Up to 1:500 | Risk-free practice | Beginners |
Minimum Deposit:
Standard: $100
ECN: $500
Pro: $1,000
Islamic: $100
Demo: Virtual funds
Maximum Leverage:
Standard: Up to 1:500
ECN: Up to 1:200
Pro: Up to 1:300
Islamic: Up to 1:500
Demo: Up to 1:500
Spreads (Typical/Minimum):
Standard: From 1.5 pips
ECN: From 0.1 pips
Pro: From 1.0 pip
Islamic: Similar to Standard
Demo: Same as Standard
Commission Fees:
Standard: None
ECN: $5 per lot
Pro: None
Islamic: None
Demo: None
Lot Size:
Standard: Micro
ECN: Mini/Standard
Pro: Mini/Standard
Islamic: Micro
Demo: Micro
Available Trading Platforms:
Standard: MT4
ECN: MT4, MT5
Pro: MT4, MT5
Islamic: MT4
Demo: MT4, MT5
Execution Type:
Standard: Market
ECN: ECN
Pro: Instant
Islamic: Market
Demo: Market
Islamic Account Availability: Yes for Islamic Account
Swap-Free Options: Available for Islamic Account
Demo Account Features: Unlimited access to virtual funds for practice
Advantages of Each Account Type:
Standard: Easy to use, low minimum deposit
ECN: Low spreads, direct market access
Pro: Advanced tools, priority support
Islamic: Compliant with Shariah law, no swap fees
Demo: Risk-free trading environment
Disadvantages of Each Account Type:
Standard: Higher spreads
ECN: Requires higher minimum deposit
Pro: Higher minimum deposit
Islamic: Limited to Muslim traders
Demo: No real profits, limited duration
Eligibility Criteria:
Age Requirements: Must be at least 18 years old
Geographic Restrictions: Available to residents and non-residents of Pakistan
Prohibited Countries: Specific countries may be restricted based on regulatory compliance
Identity Verification Documents Needed:
Valid government-issued ID (passport or national ID)
Proof of address (utility bill, bank statement)
Proof of Residence Requirements:
Recent utility bill or bank statement with the applicant's name and address
Additional Documentation for Professional Accounts:
Business registration documents (if applicable)
KYC/AML Compliance Procedures:
All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks
Verification Time Frames:
Typically takes 1-3 business days for account verification
Demo Account Features and Benefits:
Access to all trading instruments
Risk-free environment for practice
Unlimited virtual funds for trading
How to Open a Demo Account:
Follow the same registration steps as for a live account, selecting "Demo" as the account type.
Demo Account Limitations:
No real profits can be earned
Limited duration based on broker policies
Virtual Balance Amount: Typically set at $10,000 for practice.
Demo vs Live Account Differences:
Demo accounts use virtual funds; live accounts use real money.
Market conditions may differ slightly due to liquidity and execution speed.
Duration/Expiry of Demo Accounts: Usually valid for 30-90 days, depending on the broker.
Explore broker markets account types: forex/trading accounts with demo access.