| Account Type | Minimum Deposit | Spread | Commission | Leverage | Key Features | Target User |
|---|---|---|---|---|---|---|
| Standard | $100 | From 1.0 pips | None | Up to 1:500 | User-friendly | Beginners |
| ECN | $500 | From 0.0 pips | $3/lot | Up to 1:200 | Direct market access | Advanced traders |
| Pro | $1,000 | From 0.5 pips | $2/lot | Up to 1:300 | Enhanced conditions | Professionals |
| Islamic | $100 | Same as Standard | None | Up to 1:500 | Swap-free | Muslim traders |
| Demo | Virtual funds | Same as Standard | None | Up to 1:500 | Risk-free practice | All traders |
Minimum Deposit:
Standard: $100
ECN: $500
Pro: $1,000
Islamic: $100
Demo: Virtual funds
Maximum Leverage:
Standard: 1:500
ECN: 1:200
Pro: 1:300
Islamic: 1:500
Demo: 1:500
Spreads (Typical/Minimum):
Standard: From 1.0 pips
ECN: From 0.0 pips
Pro: From 0.5 pips
Islamic: Same as Standard
Commission Fees:
Standard: None
ECN: $3 per lot
Pro: $2 per lot
Islamic: None
Lot Size:
Standard: Micro, Mini, Standard
ECN: Micro, Mini, Standard
Pro: Mini, Standard
Islamic: Micro, Mini, Standard
Demo: Micro, Mini, Standard
Available Trading Platforms:
Standard: MT4, MT5
ECN: MT4, MT5
Pro: MT4, MT5
Islamic: MT4, MT5
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.
Standard Account:
Easy to use for beginners.
No commission fees.
High leverage options.
ECN Account:
Low spreads and fast execution.
Ideal for scalping.
Direct market access.
Pro Account:
Enhanced trading conditions.
Lower commission fees.
Priority customer support.
Islamic Account:
Complies with Sharia law.
No interest fees.
Same features as Standard Account.
Demo Account:
Risk-free trading environment.
Practice strategies without financial risk.
Access to all trading instruments.
Standard Account:
Higher spreads compared to ECN.
Limited features for advanced traders.
ECN Account:
Requires a higher minimum deposit.
Commission fees can add up.
Pro Account:
Higher minimum deposit compared to Standard.
May not be suitable for casual traders.
Islamic Account:
Limited to Muslim traders.
May have restrictions on certain trading strategies.
Demo Account:
No real financial gains.
Limited duration for practice.
Eligibility Criteria:
Age Requirements: Must be at least 18 years old.
Geographic Restrictions: Not available in certain countries (specific countries not listed).
Prohibited Countries: Specific countries may be restricted (details not provided).
Identity Verification Documents Needed:
Government-issued ID (passport or drivers license).
Proof of residence (utility bill or bank statement).
Additional Documentation for Professional Accounts:
Proof of income or financial statements may be required.
KYC/AML Compliance Procedures:
All applicants must complete 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 trading environment with virtual funds.
How to Open a Demo Account:
Select the demo account option during registration and follow the prompts.
Demo Account Limitations:
Limited duration (typically 30 days) before it expires.
Virtual Balance Amount:
Usually set at $10,000 for practice.
Demo vs Live Account Differences:
Demo accounts use virtual funds; live accounts involve real money trading.
Duration/Expiry of Demo Accounts:
Demo accounts typically expire after 30 days unless extended.
Explore broker markets account types: forex/trading accounts with demo access.