Moore Capital broker Accounts

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

moore capital Account Types Explained

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

1. Standard Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 1.5 pips; no commission.
• Leverage Options: Up to 1:100.
• Key Features: Basic trading tools and access to major currency pairs.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex, commodities.

2. ECN Account

• Minimum Deposit Requirement: $5,000
• 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, and faster execution.
• Target User Profile: Intermediate to advanced traders.
• Trading Instruments Available: Forex, commodities, indices.

3. Pro Account

• Minimum Deposit Requirement: $10,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; commission of $2 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Advanced trading tools, priority customer support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Similar to Standard Account; no swap fees.
• Leverage Options: Up to 1:100.
• Key Features: Complies with Sharia law; no interest charges.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Similar to Standard Account.
• Leverage Options: Up to 1:100.
• Key Features: Practice trading without financial risk.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: ECN Account
• Professional Traders: Pro Account
• Muslim Traders: Islamic Account
• Practice Traders: Demo Account

Detailed moore capital Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• Suitable for beginners.

• ECN Account:

• Tight spreads.

• Direct market access.

• Suitable for scalping.

• Pro Account:

• Advanced trading tools.

• Lower commission fees.

• High leverage options.

• Islamic Account:

• Complies with Sharia law.

• No swap fees.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Practice strategies.

• Access to all trading instruments.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit.

• Commission fees may reduce profitability.

• Pro Account:

• High minimum deposit.

• Complexity may overwhelm beginners.

• Islamic Account:

• Limited to specific trading instruments.

• Not available for all traders.

• Demo Account:

• Virtual funds may not reflect real market conditions.

• Limited duration.

moore capital Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents in most countries; specific restrictions may apply.
• Prohibited Countries: Specific countries may be restricted based on regulatory requirements (details not provided).
• Identity Verification Documents Needed: Government-issued ID (passport or drivers license).
• Proof of Residence Requirements: Utility bill or bank statement showing current address.
• Additional Documentation for Professional Accounts: Financial statements or proof of trading experience may be required.

KYC/AML Compliance Procedures

Moore Capital adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations to ensure the integrity of its operations. This includes verifying the identity of clients and assessing their financial background.

Verification Time Frames

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

Step-by-Step moore capital Account Opening Guide

Registration Process

1. Visit Website: Go to the official Moore Capital website.
2. Click Registration: Locate and click the registration button.
3. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
4. Choose Account Type: Select the desired account type based on your trading needs.
5. Set Trading Preferences: Specify your trading preferences and leverage options.
6. Document Upload: Upload required identity verification 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 similar on both desktop and mobile platforms, but the mobile version may have a more streamlined interface for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are in the correct format and size.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

Most accounts are approved within 1-3 business days, depending on the completeness of the application.

How to Upgrade/Downgrade Account Types

To change account types, contact customer support and provide the necessary documentation for the new account type.

moore capital Demo Account Guide

Demo Account Features and Benefits

• Access to all trading instruments.
• Practice trading strategies without financial risk.
• Virtual balance available for trading.

How to Open a Demo Account

1. Visit the Moore Capital website.
2. Click on the demo account registration link.
3. Fill in the required personal information.
4. Submit the application to receive access.

Demo Account Limitations

Demo accounts may have limited duration and may not reflect real market conditions.

Virtual Balance Amount

Typically, demo accounts come with a virtual balance of $100,000.

Demo vs Live Account Differences

Demo accounts use virtual funds, while live accounts involve real money and market conditions.

Duration/Expiry of Demo Accounts

Demo accounts typically expire after 30 days of inactivity.

moore capital Islamic Account Details

Swap-Free/Islamic Account Availability

Moore Capital offers Islamic accounts that comply with Sharia law, providing a swap-free trading experience.

Eligibility Requirements

Clients must declare their need for an Islamic account during the registration process.

Differences from Standard Accounts

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

How to Apply for Islamic Account

Select the Islamic account option during the registration process or contact customer support for assistance.

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions that differ from standard accounts.

FAQs – moore capital Account Types & Opening

1. What account types does moore capital offer？

• Moore Capital offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: $1,000; ECN: $5,000; Pro: $10,000; Islamic: $1,000; Demo: N/A.

1. How long does moore capital account verification take？

• Verification typically takes 1-3 business days.

1. Does moore capital offer demo accounts？

• Yes, moore capital offers demo accounts for practice trading.

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

• Yes, clients can hold multiple account types.

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

• Yes, moore capital offers Islamic accounts that comply with Sharia law.

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

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

1. Can I change my account type after registration？

• Yes, you can change your account type by contacting customer support.