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

irc group Account Types Explained

The irc group offers a variety of account types tailored to meet the needs of different traders, from beginners to advanced professionals. Below is a comprehensive overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $200
• Spread/Commission Structure: No commissions; spreads starting from 0.8 pips
• Leverage Options: Up to 1:1000
• Key Features: User-friendly interface, suitable for beginners, supports MetaTrader 4 and 5
• Target User Profile: Beginners or those who prefer commission-free trading
• Trading Instruments Available: Forex, commodities, indices

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Spreads from 0.0 pips; commissions apply
• Leverage Options: Up to 1:500
• Key Features: Direct market access, ideal for scalping and high-frequency trading
• Target User Profile: Advanced traders and professionals
• Trading Instruments Available: Forex, cryptocurrencies, commodities

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads; lower commissions than Standard
• Leverage Options: Up to 1:200
• Key Features: Advanced trading tools, priority customer support
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Comprehensive range including forex, stocks, and ETFs

4. Islamic Account

• Minimum Deposit Requirement: $200
• Spread/Commission Structure: Similar to Standard account; swap-free
• Leverage Options: Up to 1:1000
• Key Features: Complies with Sharia law, no swap fees
• Target User Profile: Muslim traders seeking compliance with Islamic finance principles
• Trading Instruments Available: Forex, commodities

5. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically $10,000)
• Spread/Commission Structure: Simulated trading conditions
• Leverage Options: Up to 1:1000
• Key Features: Risk-free environment to practice trading strategies
• Target User Profile: Beginners and those testing new strategies
• Trading Instruments Available: Same as live accounts

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed irc group Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $200

• ECN: $500

• Pro: $1,000

• Islamic: $200

• Demo: Virtual balance

• Maximum Leverage:

• Standard: Up to 1:1000

• ECN: Up to 1:500

• Pro: Up to 1:200

• Islamic: Up to 1:1000

• Demo: Up to 1:1000

• Spreads:

• Standard: From 0.8 pips

• ECN: From 0.0 pips

• Pro: Variable

• Islamic: Similar to Standard

• Demo: Simulated

• Commission Fees:

• Standard: None

• ECN: Yes

• Pro: Lower than Standard

• Islamic: None

• Demo: None

• 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, Proprietary

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Demo Account Features:

• Virtual balance for practice, same trading conditions as live accounts.

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• No commission fees
• User-friendly for beginners
• High leverage options
• Disadvantages:
• Higher spreads compared to ECN
• Limited advanced features

ECN Account

• Advantages:
• Low spreads
• Direct market access
• Suitable for scalping
• Disadvantages:
• Requires higher minimum deposit
• Commission fees apply

Pro Account

• Advantages:
• Lower commission fees
• Advanced trading tools
• Priority support
• Disadvantages:
• Higher minimum deposit
• More complex for beginners

Islamic Account

• Advantages:
• Complies with Sharia law
• No swap fees
• Disadvantages:
• Limited to specific trading conditions

Demo Account

• Advantages:
• Risk-free trading environment
• Practice with virtual funds
• Disadvantages:
• No real profits
• Limited to a set duration

irc group Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Services may not be available in certain countries (specific countries not listed).
• Prohibited Countries: Not specified in the sources 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: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• Know Your Customer (KYC): Verification of identity and address.
• Anti-Money Laundering (AML): Procedures to ensure compliance with financial regulations.

Verification Time Frames

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

Step-by-Step irc group Account Opening Guide

1. Visit Website: Go to the official irc group website.
2. Click Registration: Locate and click on the "Open Account" button.
3. Personal Information Entry: Fill out the required personal details including name, email, and phone number.
4. Choose Account Type: Select the desired account type from the available options.
5. Set Trading Preferences: Indicate 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: Deposit the minimum required amount to start trading.
9. Start Trading: Access your trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is generally similar on both platforms, but mobile registration may have a more streamlined interface.

Common Registration Issues and Solutions

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

Average Account Approval Time

• Typically, accounts are approved within 1-3 business days.

How to Upgrade/Downgrade Account Types

• Users can request changes through their account management portal or by contacting customer support.

irc group Demo Account Guide

Demo Account Features and Benefits

• Allows traders to practice without financial risk.
• Provides access to the same trading instruments as live accounts.

How to Open a Demo Account

• Follow the same registration process as for live accounts, selecting the demo option.

Demo Account Limitations

• Limited to a virtual balance and may have an expiry date (usually 30 days).

Virtual Balance Amount

• Typically set at $10,000 for practice purposes.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money and trading conditions.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days but can be renewed.

irc group Islamic Account Details

Swap-Free/Islamic Account Availability

• Yes, Islamic accounts are available for all account types.

Eligibility Requirements

• Must comply with Islamic finance principles.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process.

Restrictions or Special Conditions

• Must adhere to specific trading conditions aligned with Sharia law.

FAQs – irc group Account Types & Opening

1. What account types does irc group offer？

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

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

• Standard: $200, ECN: $500, Pro: $1,000, Islamic: $200, Demo: Virtual balance.

1. How long does irc group account verification take？

• Verification typically takes 1-3 business days.

1. Does irc group offer demo accounts？

• Yes, demo accounts are available for practice trading.

1. Can I have multiple account types with irc group？

• Yes, users can open multiple account types.

1. Does irc group offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available.

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

• Government-issued 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.