Moover broker Accounts

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

moover Account Types Explained

Moover offers several account types designed to cater to various 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 1.0 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Ideal for beginners; access to all trading instruments.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Tight spreads starting from 0.1 pips; commission of $5 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access; suitable for scalping and high-frequency trading.
• Target User Profile: Advanced traders.
• Trading Instruments Available: Forex, commodities, indices.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; commission of $3 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Enhanced trading conditions; priority customer support.
• Target User Profile: Professional traders.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

4. Islamic Account

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

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Similar to Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free trading environment; practice trading strategies.
• Target User Profile: All levels of traders.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed moover Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• User-friendly for beginners.

• No commission fees.

• Wide range of trading instruments.

• ECN Account:

• Tight spreads for cost-effective trading.

• Direct market access for better execution.

• Suitable for scalping strategies.

• Pro Account:

• Enhanced trading conditions and lower commissions.

• Priority customer support.

• Access to advanced trading tools.

• Islamic Account:

• Complies with Sharia law.

• No swap fees, making it suitable for Muslim traders.

• Standard trading features.

• Demo Account:

• Risk-free environment to practice trading.

• Access to all trading instruments.

• Ideal for testing strategies before going live.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• Limited advanced features.

• ECN Account:

• Requires a higher minimum deposit.

• Commission fees may add to trading costs.

• Pro Account:

• Higher minimum deposit requirement.

• Not suitable for beginners.

• Islamic Account:

• Limited to Muslim traders.

• Similar features to the Standard Account without swap fees.

• Demo Account:

• Virtual funds may not reflect real market conditions.

• Limited duration for practice.

moover Account Registration Requirements

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 not be eligible.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID).
• Proof of residence (utility bill or bank statement).
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• Moover adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. All users must complete identity verification before trading.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the volume of applications.

Step-by-Step moover Account Opening Guide

Registration Process

1. Visit the Website: Go to the official Moover website.
2. Click Registration: Locate and click on the registration button.
3. Personal Information Entry: Fill out personal details, including name, email, and phone number.
4. Choose Account Type: Select the desired account type from the available options.
5. Set Trading Preferences: Specify trading preferences and risk tolerance.
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 interface may have simplified steps for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and meet the required format.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Generally, account approval takes between 1 to 3 business days.

How to Upgrade/Downgrade Account Types

• Users can request to change their account type through the account settings or by contacting customer support.

moover Demo Account Guide

Demo Account Features and Benefits

• The demo account allows traders to practice without financial risk, using virtual funds to simulate real trading conditions.

How to Open a Demo Account

• Users can open a demo account during the registration process or by selecting the demo option in their account dashboard.

Demo Account Limitations

• The demo account may have a limited duration or virtual balance amount.

Virtual Balance Amount

• Typically, demo accounts offer a virtual balance of $10,000 to practice with.

Demo vs Live Account Differences

• Live accounts involve real money trading, while demo accounts use virtual funds with no financial risk.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for 30 days, but this may vary by broker.

moover Islamic Account Details

Swap-free/Islamic Account Availability

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

Eligibility Requirements

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

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 and provide necessary documentation.

Restrictions or Special Conditions

• Islamic accounts may have similar trading conditions to standard accounts but without swap fees.

FAQs – moover Account Types & Opening

1. What account types does moover offer？

• Moover 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: N/A.

1. How long does moover account verification take？

• Verification typically takes 1-3 business days.

1. Does moover offer demo accounts？

• Yes, moover provides demo accounts for practice trading.

1. Can I have multiple account types with moover？

• Yes, users can hold multiple account types.

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

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

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

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

1. Can I change my account type after registration？

• Yes, users can request to change their account type through account settings or customer support.