NNM broker Accounts

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

Part 1: nnm Account Types Overview

nnm Account Types Explained

nnm offers several account types tailored to different trading needs and experiences. Below is a detailed overview of each account type:

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: Ideal for beginners; user-friendly interface.
• Target User Profile: Beginners.
• 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.
• Target User Profile: Experienced traders.
• Trading Instruments Available: Forex, cryptocurrencies, commodities.

1. Pro Account

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

1. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, depending on choice.
• Leverage Options: Up to 1:500.
• Key Features: Swap-free trading options.
• Target User Profile: Traders seeking Sharia-compliant accounts.
• Trading Instruments Available: Forex, commodities.

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000).
• Spread/Commission Structure: Same as Standard account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free trading environment for practice.
• Target User Profile: Beginners and advanced traders testing strategies.
• Trading Instruments Available: All instruments available in live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate: ECN Account
• Advanced: Pro Account
• Islamic Needs: Islamic Account
• Practice: Demo Account

Part 2: nnm Account Features Comparison

Detailed nnm Account Features

When considering nnm account types, it's essential to compare their features:

Advantages of Each Account Type

• Standard Account:

• User-friendly for beginners.

• No commission fees.

• Access to a variety of trading instruments.

• ECN Account:

• Direct market access with lower spreads.

• Ideal for high-frequency trading.

• Transparency in pricing.

• Pro Account:

• Advanced trading tools and features.

• Lower commission fees for high-volume traders.

• Priority customer support.

• Islamic Account:

• Complies with Sharia law.

• No swap fees on overnight positions.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free environment for practice.

• Access to all trading features.

• 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 can add up for low-volume traders.

• Pro Account:

• Higher minimum deposit requirement.

• More complex features may overwhelm beginners.

• Islamic Account:

• Limited availability of some trading instruments.

• May have specific eligibility requirements.

• Demo Account:

• Virtual funds do not reflect real market conditions.

• Limited duration for practice trading.

Part 3: nnm Account Opening Requirements

nnm Account Registration Requirements

To open an nnm account, the following eligibility criteria and documentation are required:

• Eligibility Criteria:

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

• Geographic Restrictions: Available in most countries; 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 residence (utility bill or bank statement).

• Additional Documentation for Professional Accounts:

• Proof of trading experience or qualifications.

• KYC/AML Compliance Procedures:

• nnm adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring the submission of identification and proof of address.

• Verification Time Frames:

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

Part 4: nnm Account Opening Process

Step-by-Step nnm Account Opening Guide

To register for an nnm account, follow these steps:

1. Visit Website and Click Registration: Go to the nnm website and select the registration option.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the account type that suits your trading needs.
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

• Desktop Registration: Typically offers a more comprehensive interface for entering information and uploading documents.
• Mobile Registration: May have a simplified process, but still allows for document uploads and account setup.

Common Registration Issues and Solutions

• Issue: Document upload fails.

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

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• The average time for account approval is between 1-3 business days, depending on document verification.

How to Upgrade/Downgrade Account Types

• To change your account type, contact customer support or use the account management section on the nnm platform.

Part 5: nnm Demo Account Information

nnm Demo Account Guide

• Demo Account Features and Benefits:

• Allows traders to practice without financial risk.

• Access to all trading tools and features available in live accounts.

• How to Open a Demo Account:

• Visit the nnm website and select the demo account option.

• Fill in the required information and create your demo account.

• Demo Account Limitations:

• Limited to virtual funds and may have an expiration date.

• Virtual Balance Amount:

• Typically set at $10,000 in virtual funds.

• Demo vs Live Account Differences:

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

• Market conditions may differ in practice versus live trading.

• Duration/Expiry of Demo Accounts:

• Demo accounts usually expire after 30 days but may be extended upon request.

Part 6: nnm Islamic Account Details

nnm Islamic Account Details

• Swap-Free/Islamic Account Availability: nnm offers Islamic accounts that comply with Sharia law.

• Eligibility Requirements:

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

• Differences from Standard Accounts:

• Islamic accounts do not incur swap fees on overnight positions.

• How to Apply for Islamic Account:

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

• Restrictions or Special Conditions:

• Islamic accounts may have specific trading conditions and available instruments.

FAQs – nnm Account Types & Opening

1. What account types does nnm offer？

• nnm 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: Virtual funds.

1. How long does nnm account verification take？

• Verification typically takes 1-3 business days.

1. Does nnm offer demo accounts？

• Yes, nnm offers demo accounts for practice trading.

1. Can I have multiple account types with nnm？

• Yes, you can have multiple account types.

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

• Yes, nnm offers Islamic accounts that are swap-free.

1. What documents do I need to open a nnm 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.