| Account Type | Minimum Deposit | Spread | Commission | Leverage | Target User Profile |
|---|---|---|---|---|---|
| Standard | $100 | From 1.0 pips | N/A | Up to 1:500 | Beginners |
| ECN | $500 | From 0.0 pips | $5/lot | Up to 1:200 | Advanced traders |
| Pro | $1,000 | From 0.5 pips | Lower than ECN | Up to 1:300 | Professional traders |
| Islamic | $100 | Similar to Standard | N/A | Up to 1:500 | Muslim traders |
| Demo | N/A | Same as Standard | N/A | Up to 1:500 | Beginners |
Minimum Deposit:
Standard: $100
ECN: $500
Pro: $1,000
Islamic: $100
Demo: N/A
Maximum Leverage:
Standard: Up to 1:500
ECN: Up to 1:200
Pro: Up to 1:300
Islamic: Up to 1:500
Demo: Up to 1:500
Spreads (Typical/Minimum):
Standard: From 1.0 pips
ECN: From 0.0 pips
Pro: From 0.5 pips
Islamic: Similar to Standard
Demo: Same as Standard
Commission Fees:
Standard: N/A
ECN: $5 per lot
Pro: Lower than ECN
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: Yes for Islamic Account
Swap-Free Options: Available for Islamic Account
Demo Account Features: Virtual funds for practice trading
Advantages of Each Account Type:
Standard: Easy to open, suitable for beginners, wide range of instruments.
ECN: Low spreads, fast execution, ideal for scalping.
Pro: Professional tools, competitive spreads, suitable for serious traders.
Islamic: Compliant with Islamic finance, no swap fees.
Demo: Risk-free environment, practice trading strategies.
Disadvantages of Each Account Type:
Standard: Higher spreads compared to ECN.
ECN: Requires higher minimum deposit, commission fees apply.
Pro: Higher minimum deposit, may not be suitable for beginners.
Islamic: Limited to swap-free trading.
Demo: No real profits, limited duration.
Eligibility Criteria:
Age Requirements: Minimum age of 18 years
Geographic Restrictions: Available in most countries, but may be restricted in certain jurisdictions.
Prohibited Countries: Specific countries may be restricted due to regulatory compliance.
Identity Verification Documents Needed:
Government-issued ID (passport or drivers license)
Proof of residence (utility bill or bank statement)
Additional Documentation for Professional Accounts:
Financial statements or proof of trading experience may be required.
KYC/AML Compliance Procedures:
All clients must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
Verification Time Frames:
Typically, account verification takes 1-3 business days.
Explore broker markets account types: forex/trading accounts with demo access.