MetroFX broker Accounts

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

Part 1: metrofx Account Types Overview

metrofx Account Types Explained

metrofx offers a variety of account types tailored to different trading needs and experience levels. Below is a detailed overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Suitable for beginners; access to a wide range of trading instruments.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex pairs, commodities, indices, and cryptocurrencies.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.1 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access; lower spreads; ideal for high-frequency trading.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex pairs, commodities, indices.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; commission of $2 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Enhanced trading conditions; suitable for professional traders.
• Target User Profile: Experienced traders and institutions.
• Trading Instruments Available: Forex pairs, commodities, indices, and cryptocurrencies.

4. Islamic Account

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

5. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically $10,000).
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Same as Standard Account.
• Key Features: Practice trading without risk; access to all trading instruments.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: Forex pairs, commodities, indices, and cryptocurrencies.

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 Traders: Demo Account

Part 2: metrofx Account Features Comparison

Detailed metrofx Account Features

When considering which metrofx account type to open, it's essential to compare the features across different accounts:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual balance

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:300

• Islamic: Up to 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.1 pips

• Pro: From 0.5 pips

• Islamic: From 1.0 pips

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Lot Size:

• Standard: 1 lot

• ECN: 0.01 lot

• Pro: 0.01 lot

• Islamic: 1 lot

• Available Trading Platforms:

• All account types: MT4, MT5.

• Execution Type:

• Standard: Market execution

• ECN: ECN execution

• Pro: Market execution

• Islamic: Market execution

• Islamic Account Availability:

• Yes, available for Standard and Islamic accounts.

• Swap-Free Options:

• Available for Islamic accounts.

• Demo Account Features:

• Access to all trading instruments; practice trading without risk.

Advantages of Each Account Type

• Standard Account:

• Easy to use for beginners.

• No commission fees.

• Wide range of instruments.

• ECN Account:

• Low spreads.

• Direct market access.

• Ideal for scalping.

• Pro Account:

• Enhanced trading conditions.

• Lower commissions.

• Suitable for professional trading.

• Islamic Account:

• Complies with Sharia law.

• No swap fees.

• Available for all instruments.

• Demo Account:

• Risk-free trading environment.

• Practice strategies.

• Access to all features.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced features.

• ECN Account:

• Requires higher minimum deposit.

• Commissions can add up.

• Pro Account:

• High minimum deposit.

• More complex for beginners.

• Islamic Account:

• Limited to Muslim traders.

• May have fewer features compared to others.

• Demo Account:

• No real money trading.

• Limited duration.

Part 3: metrofx Account Opening Requirements

metrofx Account Registration Requirements

To open a metrofx account, traders must meet specific eligibility criteria and provide necessary documentation:

• Eligibility Criteria:

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

• Geographic Restrictions: Available in most countries; check specific restrictions.

• Prohibited Countries: Countries under sanctions or restrictions may be prohibited.

• Identity Verification Documents Needed:

• Government-issued ID (passport or national ID).

• Proof of residence (utility bill or bank statement).

• Proof of Residence Requirements:

• Recent utility bill or bank statement with the applicant's name and address.

• Additional Documentation for Professional Accounts:

• Proof of trading experience or qualifications may be required.

• KYC/AML Compliance Procedures:

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.

• Verification Time Frames:

• Typically, account verification takes 1-3 business days.

Part 4: metrofx Account Opening Process

Step-by-Step metrofx Account Opening Guide

Opening a metrofx account involves several straightforward steps:

1. Visit Website and Click Registration:

• Go to the metrofx homepage and click on the registration button.

1. Personal Information Entry:

• Fill out the required personal details, including name, email, and phone number.

1. Choose Account Type:

• Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).

1. Set Trading Preferences:

• Specify trading preferences, including leverage and trading instruments.

1. Document Upload:

• Upload required identity verification documents.

1. Account Verification:

• Wait for account verification, which typically takes 1-3 business days.

1. Fund Your Account:

• Deposit funds into your account using available payment methods.

1. Start Trading:

• Once your account is funded, you can 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.

Common Registration Issues and Solutions

• Issue: Document upload failure.

• Solution: Ensure documents are clear and meet format requirements.

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Account approval typically takes 1-3 business days, depending on document verification.

How to Upgrade/Downgrade Account Types

• Log into your account, navigate to account settings, and select the option to upgrade or downgrade your account type.

Part 5: metrofx Demo Account Information

metrofx Demo Account Guide

The demo account at metrofx is designed for traders to practice without financial risk.

• Demo Account Features and Benefits:

• Access to all trading instruments.

• Virtual balance for practice trading.

• No financial risk involved.

• How to Open a Demo Account:

• Follow the same registration process and select the demo account option.

• Demo Account Limitations:

• Limited duration; typically expires after 30 days.

• Virtual Balance Amount:

• Usually set at $10,000 for practice.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds; live accounts involve real money trading.

• Duration/Expiry of Demo Accounts:

• Demo accounts generally expire after 30 days of inactivity.

Part 6: metrofx Islamic Account Details

metrofx Islamic Account Details

metrofx offers Islamic accounts that comply with Sharia law.

• Swap-Free/Islamic Account Availability:

• Yes, available for Standard and Islamic accounts.

• Eligibility Requirements:

• Must be a Muslim trader.

• Differences from Standard Accounts:

• No swap fees; similar trading conditions as Standard accounts.

• How to Apply for Islamic Account:

• Select the Islamic account option during registration.

• Restrictions or Special Conditions:

• Must adhere to Islamic trading principles.

FAQs – metrofx Account Types & Opening

1. What account types does metrofx offer？

• metrofx 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: Virtual balance.

1. How long does metrofx account verification take？

• Verification typically takes 1-3 business days.

1. Does metrofx offer demo accounts？

• Yes, metrofx provides demo accounts for practice trading.

1. Can I have multiple account types with metrofx？

• Yes, you can open multiple account types.

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

• Yes, Islamic accounts are available.

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

• A government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can upgrade or downgrade your account type through account settings.