INVENTURE broker Accounts

Inventure Account Types Overview

inventure Account Types Explained

Inventure Growth offers a variety of account types tailored to meet the needs of different traders. Below are the available account types along with their key features:

1. Standard Account

• Minimum Deposit: ₹5,000
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:50
• Key Features: User-friendly platform, access to all trading instruments.
• Target User Profile: Beginners and intermediate traders.
• Trading Instruments Available: Forex, commodities, stocks, and mutual funds.

1. ECN Account

• Minimum Deposit: ₹10,000
• Spread/Commission Structure: Tight spreads from 0.1 pips plus a commission of ₹20 per lot.
• Leverage Options: Up to 1:100
• Key Features: Direct market access, faster execution, and lower spreads.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, and indices.

1. Pro Account

• Minimum Deposit: ₹25,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips with a commission of ₹15 per lot.
• Leverage Options: Up to 1:200
• Key Features: Advanced trading tools, priority customer support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and stocks.

1. Islamic Account

• Minimum Deposit: ₹5,000
• Spread/Commission Structure: Similar to Standard Account but without swaps.
• Leverage Options: Up to 1:50
• Key Features: Compliant with Islamic finance principles.
• Target User Profile: Muslim traders seeking swap-free trading.
• Trading Instruments Available: Forex, commodities, and stocks.

1. Demo Account

• Minimum Deposit: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Same as Standard Account
• Key Features: Practice trading without risk, access to all trading instruments.
• Target User Profile: Beginners and traders looking to test strategies.
• Trading Instruments Available: Forex, commodities, stocks, and mutual funds.

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

Part 2: Inventure Account Features Comparison

Detailed Inventure Account Features

The following features are compared across different account types:

• Minimum Deposit:

• Standard: ₹5,000

• ECN: ₹10,000

• Pro: ₹25,000

• Islamic: ₹5,000

• Demo: N/A

• Maximum Leverage:

• Standard: 1:50

• ECN: 1:100

• Pro: 1:200

• Islamic: 1:50

• Demo: Same as Standard

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.1 pips

• Pro: From 0.5 pips

• Islamic: Same as Standard

• Demo: Same as Standard

• Commission Fees:

• Standard: N/A

• ECN: ₹20/lot

• Pro: ₹15/lot

• Islamic: N/A

• Demo: N/A

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Micro, 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: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: No

• ECN: No

• Pro: No

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Standard: No

• ECN: No

• Pro: No

• Islamic: Yes

• Demo: No

• Demo Account Features:

• Virtual balance amount: ₹1,000,000

• Duration/expiry: 30 days

Advantages of Each Account Type

• Standard Account:

• User-friendly interface

• Low minimum deposit

• Access to a wide range of instruments

• Ideal for beginners

• ECN Account:

• Tight spreads

• Direct market access

• Suitable for scalping

• Advanced trading tools

• Pro Account:

• Low commission rates

• High leverage

• Priority customer support

• Advanced trading features

• Islamic Account:

• Compliant with Islamic finance

• No swap fees

• Suitable for Muslim traders

• Demo Account:

• Risk-free trading environment

• Access to all trading instruments

• Ideal for strategy testing

• No financial commitment

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees apply

• Pro Account:

• High minimum deposit

• May not be suitable for beginners

• Islamic Account:

• Limited to Muslim traders

• Similar features to Standard Account

• Demo Account:

• Limited duration

• No real financial gains

Part 3: Inventure Account Opening Requirements

inventure Account Registration Requirements

Eligibility Criteria:

• Age Requirements: Minimum age of 18 years.
• Geographic Restrictions: Available to residents of India and select countries.
• Prohibited Countries: Countries under international sanctions.
• Identity Verification Documents Needed:
• Government-issued ID (Aadhaar, Passport, etc.)
• PAN card
• Proof of Residence Requirements:
• Utility bill
• Bank statement
• Additional Documentation for Professional Accounts:
• Business registration documents (if applicable)

KYC/AML Compliance Procedures

• Complete KYC (Know Your Customer) verification through online submission of documents.
• AML (Anti-Money Laundering) checks to ensure compliance with regulations.

Verification Time Frames

• Account verification typically takes 1-3 business days after document submission.

Part 4: Inventure Account Opening Process

Step-by-Step Inventure Account Opening Guide

1. Visit Website and Click Registration: Go to the Inventure Growth website and click on the "Open an Account" button.
2. Personal Information Entry: Fill in your personal details such as name, email, and phone number.
3. Choose Account Type: Select the type of account you wish to open (Standard, ECN, Pro, Islamic).
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload the required identification and proof of residence 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 experience.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of your account type.

Part 5: Inventure Demo Account Information

inventure Demo Account Guide

Demo Account Features and Benefits

• Allows traders to practice without financial risk.
• Access to all trading instruments available in live accounts.
• Ideal for testing strategies and familiarizing with the trading platform.

How to Open a Demo Account

• Follow the same registration steps as for a live account, selecting "Demo Account" during the account type selection.

Demo Account Limitations

• Limited duration (typically 30 days).
• Virtual funds only, no real trading profits.

Virtual Balance Amount

• Typically ₹1,000,000 in virtual funds.

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts involve real money.
• Demo accounts have a time limit; live accounts do not.

Duration/Expiry of Demo Accounts

• Demo accounts generally expire after 30 days of inactivity.

Part 6: Inventure Islamic Account Details

inventure Islamic Account Details

Swap-Free/Islamic Account Availability

• Inventure offers an Islamic account option that is compliant 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, which are typically charged on overnight positions.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process or contact customer support for assistance.

Restrictions or Special Conditions

• Islamic accounts may have similar trading conditions as Standard accounts but without swap fees.

FAQs – Inventure Account Types & Opening

1. What account types does Inventure offer？

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

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

• Standard: ₹5,000, ECN: ₹10,000, Pro: ₹25,000, Islamic: ₹5,000, Demo: N/A.

1. How long does Inventure account verification take？

• Account verification typically takes 1-3 business days.

1. Does Inventure offer demo accounts？

• Yes, Inventure offers demo accounts for practice trading.

1. Can I have multiple account types with Inventure？

• Yes, you can open multiple account types with Inventure.

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

• Yes, Inventure offers Islamic accounts that are compliant with Sharia law.

1. What documents do I need to open an Inventure account？

• You need a government-issued ID, PAN card, 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.