investrade broker Accounts

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

investrade Account Types Explained

Investrade offers a variety of account types tailored to meet the needs of different traders. Below is a comprehensive overview of the available account types, including their features, minimum deposit requirements, and target user profiles.

1. Standard Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:500
• Key Features: Access to a wide range of trading instruments, including forex, commodities, and indices.
• Target User Profile: Suitable for beginner to intermediate traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

2. ECN Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 0.0 pips plus a commission of $3 per lot.
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, and indices.

3. Pro Account

• Minimum Deposit Requirement: $5,000
• Spread/Commission Structure: Fixed spreads starting from 0.5 pips with a commission of $2 per lot.
• Leverage Options: Up to 1:100
• Key Features: Enhanced trading conditions and dedicated account management.
• Target User Profile: Professional and institutional traders.
• Trading Instruments Available: Forex, commodities, indices, and futures.

4. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard Account with no swap fees.
• Leverage Options: Up to 1:500
• Key Features: Compliant with Sharia law, no interest fees.
• Target User Profile: Muslim traders seeking halal trading options.
• Trading Instruments Available: Forex, commodities, and indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance of $10,000
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500
• Key Features: Practice trading without financial risk.
• Target User Profile: Beginners and traders looking to test strategies.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

Detailed investrade Account Features

Account Features Comparison

Advantages and Disadvantages of Each Account Type

• Standard Account

• Advantages:

• Low minimum deposit

• Suitable for beginners

• Access to a variety of instruments

• Disadvantages:

• Higher spreads compared to ECN

• Limited leverage for advanced strategies

• ECN Account

• Advantages:

• Tight spreads

• Fast execution speeds

• Ideal for scalping

• Disadvantages:

• Higher minimum deposit

• Commission fees apply

• Pro Account

• Advantages:

• Enhanced trading conditions

• Dedicated support

• Lower commission fees

• Disadvantages:

• High minimum deposit

• Not suitable for casual traders

• Islamic Account

• Advantages:

• No swap fees

• Compliant with Sharia law

• Disadvantages:

• Limited availability of instruments

• Similar spreads to Standard Account

• Demo Account

• Advantages:

• Risk-free trading environment

• Practice with virtual funds

• Disadvantages:

• No real market exposure

• Limited duration for practice

investrade Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries; however, specific restrictions may apply based on local regulations.
• Prohibited Countries: Countries under international sanctions or restrictions may not be eligible.
• Identity Verification Documents Needed:
• Government-issued ID (passport or driver's license)
• Social Security number or Individual Tax ID
• Proof of Residence Requirements: Recent utility bill or bank statement with your name and address.
• Additional Documentation for Professional Accounts: Proof of trading experience or financial statements may be required.

KYC/AML Compliance Procedures

Investrade adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to verify their identity and source of funds.

Verification Time Frames

Account verification typically takes 24 to 48 hours upon receipt of all required documents.

Step-by-Step investrade Account Opening Guide

1. Visit Website and Click Registration: Go to the Investrade homepage and select "Open an Account."
2. Personal Information Entry: Fill in your personal details, including name, address, and contact information.
3. Choose Account Type: Select the account type that best suits your trading needs.
4. Set Trading Preferences: Indicate your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete, which usually takes 24-48 hours.
7. Fund Your Account: Once verified, fund your account using the available payment methods.
8. Start Trading: Access your trading platform and begin trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, but the mobile interface may have a simplified layout for ease of use.

Common Registration Issues and Solutions

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

Average Account Approval Time

Typically, account approval takes between 24 to 48 hours, depending on the completeness of the submitted documents.

How to Upgrade/Downgrade Account Types

To change your account type, contact Investrade's customer support for guidance on the process and any additional requirements.

investrade Demo Account Guide

Demo Account Features and Benefits

The demo account allows traders to practice trading strategies without financial risk, using a virtual balance of $10,000.

How to Open a Demo Account

To open a demo account, visit the Investrade website and select the demo account option, filling out the required information.

Demo Account Limitations

The demo account is typically available for a limited time and may have restrictions on certain trading instruments.

Virtual Balance Amount

Traders receive a virtual balance of $10,000 to practice trading.

Demo vs Live Account Differences

While demo accounts simulate real trading conditions, they do not involve actual financial transactions or market risks.

Duration/Expiry of Demo Accounts

Demo accounts usually expire after a specified period, often 30 days, but this can vary based on the broker's policies.

investrade Islamic Account Details

Swap-Free/Islamic Account Availability

Investrade offers Islamic accounts that comply with Sharia law, allowing Muslim traders to engage in trading without incurring interest fees.

Eligibility Requirements

To qualify for an Islamic account, traders must provide documentation confirming their religious beliefs.

Differences from Standard Accounts

Islamic accounts do not incur swap fees, making them suitable for long-term positions.

How to Apply for Islamic Account

To apply, select the Islamic account option during the registration process and provide the necessary documentation.

Restrictions or Special Conditions

Islamic accounts may have specific conditions regarding trading instruments and leverage, which should be confirmed with customer support.

FAQs – investrade Account Types & Opening

1. What account types does investrade offer？

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

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

• Standard: $500, ECN: $1,000, Pro: $5,000, Islamic: $500, Demo: $0.

1. How long does investrade account verification take？

• Verification typically takes 24 to 48 hours.

1. Does investrade offer demo accounts？

• Yes, Investrade offers a demo account with a virtual balance of $10,000.

1. Can I have multiple account types with investrade？

• Yes, traders can open multiple account types.

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

• Yes, Investrade provides Islamic accounts that comply with Sharia law.

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

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

1. Can I change my account type after registration？

• Yes, you can contact customer support to change your account type.