iVentures broker Accounts

Iventures Account Types Overview

iventures Account Types Explained

iVentures offers several account types tailored to different trading needs and profiles. Below is a detailed overview of the available account types, including their features and requirements.

1. Standard Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:100
• Key Features: Basic trading tools, access to major currency pairs, and educational resources.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, and indices.

2. ECN Account

• Minimum Deposit Requirement: ₹25,000
• Spread/Commission Structure: Low spreads starting from 0.1 pips with a commission of ₹20 per lot.
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution speeds, and lower spreads.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, and cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: ₹50,000
• Spread/Commission Structure: Tight spreads starting from 0.5 pips with a commission of ₹10 per lot.
• Leverage Options: Up to 1:300
• Key Features: Advanced trading tools, priority customer support, and personalized account management.
• Target User Profile: Professional traders and institutional clients.
• Trading Instruments Available: Forex, commodities, indices, and stocks.

4. Islamic Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Similar to the Standard Account but swap-free.
• Leverage Options: Up to 1:100
• Key Features: No overnight fees, compliant with Sharia law.
• Target User Profile: Muslim traders seeking swap-free trading options.
• Trading Instruments Available: Forex and commodities.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as the Standard Account.
• Leverage Options: Same as the Standard Account.
• Key Features: Practice trading with virtual funds, access to all trading instruments.
• Target User Profile: Beginners looking to practice trading strategies.
• Trading Instruments Available: Forex, commodities, and indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: iventures Account Features Comparison

Detailed iventures Account Features

The following section provides a comparison of features across different iventures account types.

• Minimum Deposit:

• Standard: ₹10,000

• ECN: ₹25,000

• Pro: ₹50,000

• Islamic: ₹10,000

• Demo: N/A

• Maximum Leverage:

• Standard: 1:100

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:100

• Demo: 1:100

• Spreads (Typical/Minimum):

• Standard: 1.5 pips

• ECN: 0.1 pips

• Pro: 0.5 pips

• Islamic: 1.5 pips

• Demo: 1.5 pips

• Commission Fees:

• Standard: N/A

• ECN: ₹20 per lot

• Pro: ₹10 per lot

• Islamic: N/A

• Demo: N/A

• Lot Size:

• Standard: Micro and Mini

• ECN: Mini and Standard

• Pro: Standard

• Islamic: Micro and Mini

• Demo: Micro and Mini

• Available Trading Platforms:

• Standard: MT4

• ECN: MT4

• Pro: MT4 and MT5

• Islamic: MT4

• Demo: MT4

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: ECN

• 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 for practice

• Access to all trading instruments

• Same trading conditions as live accounts

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• Suitable for beginners

• Access to educational resources

• ECN Account:

• Low spreads and fast execution

• Ideal for scalpers

• Direct market access

• Pro Account:

• Advanced trading tools

• Personalized support

• Suitable for professional traders

• Islamic Account:

• Compliant with Sharia law

• No overnight fees

• Available for Muslim traders

• Demo Account:

• Risk-free trading environment

• Practice strategies without financial risk

• Access to all trading instruments

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN and Pro accounts

• Limited advanced features

• ECN Account:

• Higher minimum deposit requirement

• Commission fees may apply

• Pro Account:

• Higher minimum deposit requirement

• More suitable for experienced traders

• Islamic Account:

• Limited to specific trading instruments

• May have fewer features compared to other accounts

• Demo Account:

• Virtual funds only

• No real market exposure

Part 3: iventures Account Opening Requirements

iventures Account Registration Requirements

To open an iventures account, prospective traders must meet specific eligibility criteria and provide necessary documentation.

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.

• Geographic Restrictions: Available to residents of India and select other countries.

• Prohibited Countries: Specific countries may be restricted; check iventures website for details.

• Identity Verification Documents Needed:

• Government-issued ID (e.g., passport, driver's license)

• Social Security Number or equivalent

• Proof of Residence Requirements:

• Utility bill or bank statement showing the applicant's name and address

• Additional Documentation for Professional Accounts:

• Business registration documents (if applicable)

• Financial statements

• KYC/AML Compliance Procedures:

• All applicants must complete Know Your Customer (KYC) verification.

• Anti-Money Laundering (AML) checks will be conducted.

• Verification Time Frames:

• Account verification typically takes 1-3 business days.

Part 4: iventures Account Opening Process

Step-by-Step iventures Account Opening Guide

The following steps outline the registration process for opening an iventures account:

1. Visit Website and Click Registration: Go to the iventures website and select the account type you wish to open.
2. Personal Information Entry: Fill out the registration form with your personal details, including name, email, and contact information.
3. Choose Account Type: Select the account type that best suits your trading needs (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Specify 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 iventures team to verify your documents and account information.
7. Fund Your Account: Once verified, deposit the minimum required amount to activate your account.
8. Start Trading: After funding, you can begin trading on your chosen platform.

• Desktop vs Mobile Registration Differences: The registration process is similar on both desktop and mobile platforms, though the mobile interface may have a simplified layout.
• Common Registration Issues and Solutions: Issues may include incorrect document uploads or incomplete forms. Ensure all information is accurate and documents are clear.
• Average Account Approval Time: Typically, account approval takes 1-3 business days.
• How to Upgrade/Downgrade Account Types: Contact iventures customer support to request an account type change.

Part 5: iventures Demo Account Information

iventures Demo Account Guide

The iventures demo account is designed for traders to practice their skills without financial risk.

• Demo Account Features and Benefits:

• Access to all trading instruments

• Virtual funds for practice

• Same trading conditions as live accounts

• How to Open a Demo Account: Visit the iventures website and select the demo account option to register.

• Demo Account Limitations:

• Limited to virtual funds

• No real market exposure

• Virtual Balance Amount: Typically, demo accounts come with a virtual balance of ₹1,000,000.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds, while live accounts require real money deposits.

• Live accounts incur real trading costs, including spreads and commissions.

• Duration/Expiry of Demo Accounts: Demo accounts usually remain active for 30 days, after which they may need to be renewed.

Part 6: iventures Islamic Account Details

iventures Islamic Account Details

iVentures offers an Islamic account option for traders who require a swap-free trading environment.

• Swap-Free/Islamic Account Availability: Yes, iVentures provides Islamic accounts compliant with Sharia law.

• Eligibility Requirements: Traders must declare their need for an Islamic account during registration.

• Differences from Standard Accounts: Islamic accounts do not incur overnight fees, making them suitable for Muslim traders.

• How to Apply for Islamic Account: Select the Islamic account option during the registration process.

• Restrictions or Special Conditions: Islamic accounts may have limited trading instruments compared to standard accounts.

FAQs – iventures Account Types & Opening

1. What account types does iventures offer？

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

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

• Standard: ₹10,000, ECN: ₹25,000, Pro: ₹50,000, Islamic: ₹10,000, Demo: N/A.

1. How long does iventures account verification take？

• Account verification typically takes 1-3 business days.

1. Does iventures offer demo accounts？

• Yes, iventures offers demo accounts for practice trading.

1. Can I have multiple account types with iventures？

• Yes, you can open multiple account types as per your trading needs.

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

• Yes, Islamic accounts are available for traders seeking swap-free options.

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

• Required documents include a 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 through customer support.