INTL broker Accounts

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

intl Account Types Explained

When considering trading in the forex market, understanding the various intl account types is crucial. Each account type caters to different trading styles and preferences. Heres a breakdown of the most common intl account types available:

1. Standard Account

• Minimum Deposit Requirement: Typically $100 - $500
• Spread/Commission Structure: Variable spreads starting from 1.0 pips, no commission
• Leverage Options: Up to 1:500
• Key Features: Ideal for beginners, access to major currency pairs, and user-friendly trading platforms.
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex, commodities, indices

2. ECN Account

• Minimum Deposit Requirement: $500 - $1,000
• Spread/Commission Structure: Low spreads (from 0.1 pips) plus commission fees
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution speeds, and transparency in pricing.
• Target User Profile: Experienced traders and scalpers
• Trading Instruments Available: Forex, commodities, cryptocurrencies

3. Pro Account

• Minimum Deposit Requirement: $1,000 - $5,000
• Spread/Commission Structure: Tight spreads with lower commission rates
• Leverage Options: Up to 1:100
• Key Features: Advanced trading tools, dedicated account manager, and priority customer support.
• Target User Profile: Professional traders and institutional clients
• Trading Instruments Available: Forex, stocks, ETFs

4. Islamic Account

• Minimum Deposit Requirement: Similar to standard accounts
• Spread/Commission Structure: Variable spreads, no swap fees
• Leverage Options: Up to 1:500
• Key Features: Complies with Sharia law, no interest on overnight positions.
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities

5. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000)
• Spread/Commission Structure: Same as live accounts
• Leverage Options: Same as live accounts
• Key Features: Risk-free trading environment, access to all trading features, and practice without financial risk.
• 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, Demo Account
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account, Islamic Account

Detailed intl Account Features

Comparison of Features Across Different Account Types

Advantages of Each Account Type

• Standard Account: Easy to use, suitable for beginners, no commission fees.
• ECN Account: Lower spreads, direct market access, ideal for scalping.
• Pro Account: Advanced tools, lower trading costs, dedicated support.
• Islamic Account: Complies with religious beliefs, no swap fees.
• Demo Account: Risk-free environment, practice trading strategies, familiarization with the platform.

Disadvantages of Each Account Type

• Standard Account: Higher spreads compared to ECN accounts.
• ECN Account: Requires a higher minimum deposit, commission fees can add up.
• Pro Account: Higher minimum deposit, may not be suitable for casual traders.
• Islamic Account: Limited availability, may have fewer trading instruments.
• Demo Account: No real profits, may not reflect live market conditions.

intl Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Varies by broker; some may not accept clients from certain countries.
• Prohibited Countries: Specific countries may be restricted due to regulatory issues.
• Identity Verification Documents Needed: Valid passport, national ID, or drivers license.
• Proof of Residence Requirements: Utility bill, bank statement, or lease agreement.
• Additional Documentation for Professional Accounts: Proof of income, trading experience, and financial statements may be required.

KYC/AML Compliance Procedures

• Brokers will conduct Know Your Customer (KYC) and Anti-Money Laundering (AML) checks to verify the identity and source of funds of the applicant.

Verification Time Frames

• Account verification typically takes between 1 to 5 business days, depending on the broker and the completeness of the submitted documents.

Step-by-Step intl Account Opening Guide

Detailed Step-by-Step Registration Process

1. Visit Website and Click Registration: Navigate to the brokers website and select the account opening option.
2. Personal Information Entry: Fill in personal details such as name, address, and contact information.
3. Choose Account Type: Select the desired intl account type based on your trading needs.
4. Set Trading Preferences: Indicate your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for the broker to verify your documents and account information.
7. Fund Your Account: Deposit funds into your account using the available payment methods.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• Registration processes are generally similar on both platforms, but mobile applications may have simplified steps or different document upload methods.

Common Registration Issues and Solutions

• Issue: Document rejection due to poor quality.
• Solution: Ensure all documents are clear and legible before uploading.
• Issue: Delays in verification.
• Solution: Contact customer support for updates and ensure all required documents are submitted.

Average Account Approval Time

• Most brokers aim for a verification time of 1 to 5 business days, but this can vary based on the brokers workload and the completeness of the application.

How to Upgrade/Downgrade Account Types

• Contact customer support or access the account management section of the brokers platform to request an upgrade or downgrade of your account type.

intl Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments, same trading conditions as live accounts, and real-time market data.
• Benefits: Allows traders to practice without financial risk and test strategies in a simulated environment.

How to Open a Demo Account

• Visit the brokers website, select the demo account option, fill in the required information, and follow the prompts to create an account.

Demo Account Limitations

• Demo accounts may have a limited duration (usually 30 to 90 days) and do not allow for real profits.

Virtual Balance Amount

• Typically, demo accounts are funded with virtual balances ranging from $10,000 to $100,000.

Demo vs Live Account Differences

• Demo accounts do not involve real money, and market conditions may differ from live accounts due to slippage and execution delays.

Duration/Expiry of Demo Accounts

• Most demo accounts expire after a set period, often 30 to 90 days, but some brokers may allow for extensions or unlimited use.

intl Islamic Account Details

Swap-Free/Islamic Account Availability

• Many brokers offer Islamic accounts that comply with Sharia law, ensuring no interest is charged on overnight positions.

Eligibility Requirements

• Applicants must declare their need for an Islamic account and may need to provide documentation to support their request.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, which can make them more appealing to Muslim traders.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process and provide any required documentation.

Restrictions or Special Conditions

• Some brokers may limit the trading instruments available on Islamic accounts or impose specific trading conditions.

FAQs – intl Account Types & Opening

1. What account types does intl offer？

• intl offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Minimum deposits range from $100 for Standard accounts to $5,000 for Pro accounts.

1. How long does intl account verification take？

• Verification typically takes 1 to 5 business days.

1. Does intl offer demo accounts？

• Yes, intl provides demo accounts for practice trading.

1. Can I have multiple account types with intl？

• Yes, you can open multiple account types based on your trading needs.

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

• Yes, intl offers Islamic accounts that comply with Sharia law.

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

• Required documents include a valid ID and proof of residence.

1. Can I change my account type after registration？

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