Minerva Capital broker Accounts

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

minerva capital Account Types Explained

Minerva Capital offers a variety of account types tailored to meet the diverse needs of its clients. Below is a comprehensive overview of the available account types, including their features and target user profiles.

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: Basic trading features, suitable for beginners.
• Target User Profile: Ideal for novice traders who are just starting out.
• Trading Instruments Available: Forex, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Spreads from 0.1 pips with a commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads starting from 0.5 pips, commission of $2 per lot.
• Leverage Options: Up to 1:400.
• Key Features: Advanced trading tools and analytics.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, stocks.

4. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to the Standard account with no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Swap-free trading to comply with Islamic finance principles.
• Target User Profile: Muslim traders looking for compliant trading options.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Similar to Standard account conditions.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading with virtual funds, access to all trading instruments.
• Target User Profile: Beginners and traders looking to test strategies.
• Trading Instruments Available: Forex, commodities, indices, 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

Detailed minerva capital Account Features

Feature Comparison Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• User-friendly for beginners.

• ECN Account:

• Tight spreads.

• Direct market access.

• Ideal for scalping and high-frequency trading.

• Pro Account:

• Advanced trading tools.

• Lower commission fees.

• Suitable for institutional trading.

• Islamic Account:

• Complies with Islamic finance principles.

• No swap fees.

• Demo Account:

• Risk-free trading environment.

• Access to all trading instruments.

• Ideal for testing strategies.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• ECN Account:

• Requires a higher minimum deposit.

• Commission fees can add up.

• Pro Account:

• Higher minimum deposit requirement.

• Islamic Account:

• Limited availability of certain features.

• Demo Account:

• No real profit potential.

• Limited duration of use.

minerva capital Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; specific restrictions may apply.
• Prohibited Countries: Not specified in the available data.
• Identity Verification Documents Needed: Government-issued ID (passport or driver's license).
• Proof of Residence Requirements: Utility bill or bank statement with current address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

Minerva Capital adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring clients to provide necessary documentation for identity verification.

Verification Time Frames

Typically, account verification can take anywhere from a few hours to a couple of days, depending on the volume of applications and the completeness of submitted documents.

Step-by-Step minerva capital Account Opening Guide

Registration Process

1. Visit Website: Go to the Minerva Capital website.
2. Click Registration: Locate and click on the registration button.
3. Personal Information Entry: Fill out the required personal information form.
4. Choose Account Type: Select the desired account type from the available options.
5. Set Trading Preferences: Specify trading preferences and settings.
6. Document Upload: Upload necessary identification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds into your account to start trading.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

The registration process is largely similar on both desktop and mobile platforms, though mobile users may experience a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document upload failures.

• Solution: Ensure documents are in the correct format and within size limits.

• Issue: Delays in verification.

• Solution: Contact customer support for assistance.

Average Account Approval Time

Typically, account approval takes 1-3 business days, depending on the completeness of the application.

How to Upgrade/Downgrade Account Types

Clients can usually request an upgrade or downgrade through their account management dashboard or by contacting customer support.

minerva capital Demo Account Guide

Demo Account Features and Benefits

• Features: Access to virtual funds, all trading instruments, and real market conditions.
• Benefits: Allows traders to practice strategies without financial risk.

How to Open a Demo Account

• Visit the Minerva Capital website and select the demo account option.
• Complete the registration form using personal details.
• Access the demo account through the trading platform.

Demo Account Limitations

• Limited duration of use (typically 30 days).
• No real financial gains.

Virtual Balance Amount

Demo accounts typically come with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Demo accounts may have restrictions on certain features.

Duration/Expiry of Demo Accounts

Demo accounts usually expire after 30 days of inactivity.

minerva capital Islamic Account Details

Swap-Free/Islamic Account Availability

Minerva Capital offers Islamic accounts that comply with Sharia law, allowing traders to engage in trading without incurring swap fees.

Eligibility Requirements

To qualify for an Islamic account, clients must confirm their adherence to Islamic finance principles.

Differences from Standard Accounts

Islamic accounts do not incur overnight swap fees, making them suitable for Muslim traders.

How to Apply for Islamic Account

Clients can apply for an Islamic account during the registration process by selecting the appropriate option.

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions, such as limitations on certain instruments or trading strategies.

FAQs – minerva capital Account Types & Opening

1. What account types does minerva capital offer？

• Minerva Capital 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: $500, Demo: N/A.

1. How long does minerva capital account verification take？

• Verification typically takes 1-3 business days.

1. Does minerva capital offer demo accounts？

• Yes, Minerva Capital offers demo accounts for practice trading.

1. Can I have multiple account types with minerva capital？

• Yes, clients can hold multiple account types.

1. Does minerva capital offer Islamic/swap-free accounts？

• Yes, Minerva Capital provides Islamic accounts that are swap-free.

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

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

1. Can I change my account type after registration？

• Yes, clients can request to upgrade or downgrade their account type.