InterCity broker Accounts

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

Part 1: intercity Account Types Explained

Intercity offers a variety of account types tailored to meet the needs of different traders. Below is a detailed overview of each account type available.

Account Types Overview

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate: ECN Account
• Advanced: Pro Account
• Muslim Traders: Islamic Account
• Practice: Demo Account

Part 2: Detailed intercity Account Features

Features Comparison

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit
• Suitable for beginners
• Access to a wide range of trading instruments
• Disadvantages:
• Higher spreads compared to ECN
• Limited advanced features

ECN Account

• Advantages:
• Lower spreads
• Direct market access
• Suitable for high-frequency trading
• Disadvantages:
• Higher minimum deposit
• Commission fees apply

Pro Account

• Advantages:
• Lower spreads than Standard
• Advanced trading tools
• Priority customer support
• Disadvantages:
• Higher minimum deposit
• Not suitable for beginners

Islamic Account

• Advantages:
• Compliant with Sharia law
• No swap fees
• Suitable for Muslim traders
• Disadvantages:
• Limited availability of features compared to other accounts

Demo Account

• Advantages:
• Risk-free trading environment
• Perfect for practice and strategy development
• Disadvantages:
• No real money involved
• Limited duration for use

Part 3: intercity Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries; specific restrictions may apply.
• Prohibited Countries: Countries under international sanctions may not be eligible.
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license)
• Proof of residence (utility bill or bank statement)
• 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 source of funds.

Verification Time Frames

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

Part 4: Step-by-Step intercity Account Opening Guide

Registration Process

1. Visit the Website: Go to the official intercity website.
2. Click Registration: Locate and click on the registration button.
3. Personal Information Entry: Fill out the required personal information form.
4. Choose Account Type: Select the desired account type from the options available.
5. Set Trading Preferences: Specify your trading preferences and risk tolerance.
6. Document Upload: Upload the necessary identification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Once verified, fund your account to start trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile users may have a simplified interface.

Common Registration Issues and Solutions

• Issue: Document upload failures.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Delays in verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes between 1-3 business days.

How to Upgrade/Downgrade Account Types

• Account type changes can be requested through customer support after logging into your account.

Part 5: intercity Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment for practicing trading strategies.
• Access to the same trading platforms as live accounts.

How to Open a Demo Account

• Visit the intercity website and select the demo account option to register.

Demo Account Limitations

• Limited duration of use (usually 30 days).
• Virtual balance may not reflect real market conditions.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $10,000 or similar.

Demo vs Live Account Differences

• Demo accounts do not involve real money, while live accounts require funding and involve actual trading risks.

Duration/Expiry of Demo Accounts

• Demo accounts generally expire after a set period, often 30 days, unless extended by the broker.

Part 6: intercity Islamic Account Details

Swap-Free/Islamic Account Availability

• Intercity offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Must be a Muslim trader seeking a swap-free trading environment.

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.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions, such as limited leverage.

FAQs – intercity Account Types & Opening

1. What account types does intercity offer？

• Intercity 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.

1. How long does intercity account verification take？

• Verification typically takes 1-3 business days.

1. Does intercity offer demo accounts？

• Yes, intercity provides demo accounts for practice trading.

1. Can I have multiple account types with intercity？

• Yes, you can open multiple account types as per your trading needs.

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

• Yes, intercity offers Islamic accounts that are swap-free.

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

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

1. Can I change my account type after registration？

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