Lord broker Accounts

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

Part 1: lord Account Types Overview

lord Account Types Explained

The lord brokerage offers several account types tailored to different trading needs and preferences. Below is a detailed overview of each account type available:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: User-friendly interface, suitable for beginners.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex, commodities, indices.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, ideal for scalpers.
• Target User Profile: Advanced traders.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 1.0 pip; commission of $2 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Enhanced trading conditions, priority support.
• Target User Profile: Professional traders.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account, but swap-free.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law, no interest on overnight positions.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

1. 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 risk, access to all trading instruments.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: lord Account Features Comparison

Detailed lord Account Features

When comparing features across different lord account types, consider the following aspects:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: $0

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:500

• Demo: 1:500

• Spreads:

• Standard: 1.5 pips

• ECN: 0.0 pips

• Pro: 1.0 pip

• Islamic: 1.5 pips

• Demo: 1.5 pips

• Commission Fees:

• Standard: None

• ECN: $3/lot

• Pro: $2/lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: 1 lot

• ECN: 1 lot

• Pro: 1 lot

• Islamic: 1 lot

• Demo: 1 lot

• 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 only.

• Swap-Free Options: Available for Islamic Account.

• Demo Account Features: Virtual balance, access to all instruments.

Advantages of Each Account Type

• Standard Account:

• Easy to use for beginners.

• No commission fees.

• High leverage options.

• ECN Account:

• Tight spreads for scalping.

• Direct market access.

• Lower trading costs.

• Pro Account:

• Enhanced trading conditions.

• Priority customer support.

• Suitable for high-volume traders.

• Islamic Account:

• Complies with Islamic finance principles.

• No overnight interest charges.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Ideal for strategy testing.

• Access to all trading instruments.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced features.

• ECN Account:

• Requires a higher minimum deposit.

• Commission fees can add up.

• Pro Account:

• Higher minimum deposit requirement.

• Not suitable for casual traders.

• Islamic Account:

• Limited to Muslim traders.

• May have fewer features compared to other accounts.

• Demo Account:

• No real money trading.

• Limited duration for practice.

Part 3: lord Account Opening Requirements

lord Account Registration Requirements

To open a lord account, traders must meet the following eligibility criteria:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries, but specific restrictions may apply.
• Prohibited Countries: Countries under international sanctions may be restricted.
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license).
• Proof of address (utility bill or bank statement).
• Proof of Residence Requirements: Must provide documentation showing current residential address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• All clients must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Verification may include background checks and source of funds inquiries.

Verification Time Frames

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

Part 4: lord Account Opening Process

Step-by-Step lord Account Opening Guide

1. Visit Website and Click Registration: Go to the lord brokerage website and click on the registration button.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type based on trading preferences.
4. Set Trading Preferences: Specify leverage, trading instruments, and other preferences.
5. Document Upload: Upload required identity verification documents.
6. Account Verification: Wait for the brokerage to verify your documents.
7. Fund Your Account: Deposit the minimum required amount to activate the account.
8. Start Trading: Once funded, you can begin trading on the platform.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile users may have a simplified 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, account approval takes between 1-3 business days.

How to Upgrade/Downgrade Account Types

• Traders can request an upgrade or downgrade through their account management portal or by contacting customer support.

Part 5: lord Demo Account Information

lord Demo Account Guide

• Demo Account Features and Benefits:

• Allows traders to practice without financial risk.

• Access to the same trading conditions as live accounts.

• Ideal for testing strategies and familiarizing with the platform.

• How to Open a Demo Account:

• Visit the lord brokerage website and select the demo account option.

• Fill in the required information and create an account.

• Demo Account Limitations:

• Limited duration (typically 30 days).

• Virtual balance may not reflect real market conditions.

• Virtual Balance Amount: Usually set at $10,000.

• Demo vs Live Account Differences:

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

• Demo accounts may have limited features compared to live accounts.

• Duration/Expiry of Demo Accounts: Typically expires after 30 days of inactivity.

Part 6: lord Islamic Account Details

lord Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, lord offers Islamic accounts that comply with Sharia law.
• Eligibility Requirements: Must be a Muslim trader.
• Differences from Standard Accounts: Islamic accounts do not incur overnight interest charges.
• How to Apply for Islamic Account: Select the Islamic account option during the registration process.
• Restrictions or Special Conditions: Must adhere to Islamic finance principles.

FAQs – lord Account Types & Opening

1. What account types does lord offer？

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

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

• Standard: $100, ECN: $500, Pro: $1,000, Islamic: $100, Demo: $0.

1. How long does lord account verification take？

• Verification typically takes 1-3 business days.

1. Does lord offer demo accounts？

• Yes, lord offers demo accounts with a virtual balance.

1. Can I have multiple account types with lord？

• Yes, traders can maintain multiple account types.

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

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

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

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

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type.