NORMAN broker Accounts

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

Part 1: norman Account Types Overview

norman Account Types Explained

Norman offers a variety of account types tailored to different trading needs. Below is a detailed overview of each account type available:

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account
• Muslim Traders: Islamic Account
• All Levels: Demo Account for practice

Part 2: norman Account Features Comparison

Detailed norman Account Features

The following table compares key features across different account types:

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:

• Low minimum deposit

• User-friendly interface

• No commission fees

• Disadvantages:

• Higher spreads compared to ECN

• Limited advanced features

ECN Account

• Advantages:

• Low spreads

• Direct market access

• Suitable for scalping

• Disadvantages:

• Higher minimum deposit

• Commission fees apply

Pro Account

• Advantages:

• Tight spreads

• Advanced trading tools

• Low commission fees

• Disadvantages:

• High minimum deposit

• More complex for beginners

Islamic Account

• Advantages:

• Compliant with Sharia law

• No swap fees

• Disadvantages:

• Limited to specific trading instruments

• May have higher spreads

Demo Account

• Advantages:

• Risk-free trading environment

• Access to all trading instruments

• Disadvantages:

• No real money involved

• Limited duration

Part 3: norman Account Opening Requirements

norman Account Registration Requirements

To open a norman account, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries, but specific restrictions may apply.
• Prohibited Countries: Countries under international sanctions or restrictions.
• Identity Verification Documents Needed:
• Government-issued photo ID (passport, driver's license)
• Social Security Number or Tax Identification Number
• Proof of Residence Requirements: Utility bill or bank statement with the applicant's name and address.
• Additional Documentation for Professional Accounts: Business registration documents, if applicable.

KYC/AML Compliance Procedures

Norman adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all users to verify their identity and address before trading.

Verification Time Frames

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

Part 4: norman Account Opening Process

Step-by-Step norman Account Opening Guide

1. Visit Website and Click Registration: Navigate to the norman website and click on the "Register" button.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit funds into your account using available payment methods.
8. Start Trading: Once your account is funded, you can start trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, but mobile users may have a simplified interface.

Common Registration Issues and Solutions

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

Average Account Approval Time

Typically, account approval takes 1-3 business days, depending on the volume of applications.

How to Upgrade/Downgrade Account Types

Account types can be changed by contacting customer support and submitting a request for the desired account type.

Part 5: norman Demo Account Information

norman Demo Account Guide

The demo account allows traders to practice trading strategies without financial risk.

• Demo Account Features and Benefits:

• Access to real market conditions

• Practice with virtual funds

• No time limit for usage

• How to Open a Demo Account:

• Visit the norman website and select "Open Demo Account."

• Fill in the required information and create a username and password.

• Demo Account Limitations:

• Limited to virtual funds

• No access to real trading profits

• Virtual Balance Amount: Typically, demo accounts are funded with a virtual balance of $10,000.

• Demo vs Live Account Differences:

• Demo accounts do not involve real money.

• Live accounts require real funds and carry financial risks.

• Duration/Expiry of Demo Accounts: Demo accounts may expire after a certain period, typically 30 days, unless extended.

Part 6: norman Islamic Account Details

norman Islamic Account Details

• Swap-free/Islamic Account Availability: Yes, norman offers Islamic accounts that comply with Sharia law.
• Eligibility Requirements: Must be a practicing Muslim.
• Differences from Standard Accounts: Islamic accounts do not incur swap fees and may have different spreads.
• How to Apply for Islamic Account: Select the Islamic account option during the registration process.
• Restrictions or Special Conditions: Islamic accounts may have limitations on certain trading instruments.

FAQs – norman Account Types & Opening

1. What account types does norman offer？

• Norman 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.

1. How long does norman account verification take？

• Account verification typically takes 1-3 business days.

1. Does norman offer demo accounts？

• Yes, norman provides demo accounts for practice trading.

1. Can I have multiple account types with norman？

• Yes, you can have multiple account types.

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

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

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

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

1. Can I change my account type after registration？

• Yes, you can request to change your account type through customer support.