| Account Type | Minimum Deposit | Spread | Commission | Leverage | Key Features | Target User Profile |
|---|---|---|---|---|---|---|
| Standard | $100 | From 1.5 pips | None | 1:500 | Beginner-friendly | Beginners |
| ECN | $500 | From 0.1 pips | $5/lot | 1:200 | Direct market access | Advanced traders |
| Pro | $1,000 | From 0.5 pips | $3/lot | 1:300 | Enhanced trading conditions | Professional traders |
| Islamic | $100 | Same as Standard | None | 1:500 | Swap-free | Muslim traders |
| Demo | Virtual funds | Same as Standard | None | Same as Standard | Risk-free trading environment | Beginners and testers |
Minimum Deposit:
Standard: $100
ECN: $500
Pro: $1,000
Islamic: $100
Demo: Virtual funds
Maximum Leverage:
Standard: 1:500
ECN: 1:200
Pro: 1:300
Islamic: 1:500
Demo: Same as Standard
Spreads (Typical/Minimum):
Standard: From 1.5 pips
ECN: From 0.1 pips
Pro: From 0.5 pips
Islamic: Same as Standard
Demo: Same as Standard
Commission Fees:
Standard: None
ECN: $5 per lot
Pro: $3 per lot
Islamic: None
Demo: None
Lot Size:
Standard: Micro, Mini, Standard
ECN: Standard
Pro: Standard
Islamic: Micro, Mini, Standard
Demo: Micro, Mini, Standard
Available Trading Platforms:
Standard: MT4, MT5
ECN: MT4, MT5
Pro: MT4, MT5
Islamic: MT4, MT5
Demo: MT4, MT5
Execution Type:
Standard: Market
ECN: ECN
Pro: Instant
Islamic: Market
Demo: Market
Islamic Account Availability:
Standard: Yes
ECN: Yes
Pro: Yes
Islamic: Yes
Demo: No
Swap-Free Options:
Standard: Yes
ECN: Yes
Pro: Yes
Islamic: Yes
Demo: No
Demo Account Features:
Virtual balance amount: Typically $10,000
Duration/expiry: 30 days or as specified by the broker
Standard Account:
Advantages:
Low minimum deposit
No commission fees
Access to all trading instruments
Disadvantages:
Higher spreads compared to ECN
Limited features for advanced traders
ECN Account:
Advantages:
Tight spreads
Direct market access
Suitable for high-frequency trading
Disadvantages:
Higher minimum deposit
Commission fees apply
Pro Account:
Advantages:
Enhanced trading conditions
Lower commission fees
Priority support
Disadvantages:
Higher minimum deposit
May not be suitable for beginners
Islamic Account:
Advantages:
Compliant with Sharia law
No swap fees
Access to all trading instruments
Disadvantages:
Limited to Muslim traders
May have higher spreads
Demo Account:
Advantages:
Risk-free trading
Practice strategies
No financial commitment
Disadvantages:
Limited duration
No real market experience
Eligibility Criteria:
Age Requirements: Minimum age of 18 years.
Geographic Restrictions: Available to residents of most countries; specific restrictions may apply.
Prohibited Countries: Countries under international sanctions may be restricted.
Identity Verification Documents Needed:
Valid passport or national ID.
Tax identification number (if applicable).
Proof of Residence Requirements:
Utility bill, rental agreement, or bank statement showing the applicant's name and address.
Additional Documentation for Professional Accounts:
Business registration documents for corporate accounts.
Proof of business activities.
KYC/AML Compliance Procedures:
Verification of identity and address.
Source of funds declaration.
Verification Time Frames:
Typically 1-3 business days for account verification.
Demo Account Features and Benefits:
Access to all trading instruments.
Practice trading strategies without financial risk.
Real-time market conditions.
How to Open a Demo Account:
Follow the same registration process as a live account but select the demo option.
Demo Account Limitations:
Limited duration (typically 30 days).
Virtual funds only; no real trading.
Virtual Balance Amount: Typically $10,000.
Demo vs Live Account Differences:
Demo accounts use virtual funds; live accounts involve real money.
Demo accounts do not reflect emotional aspects of trading.
Duration/Expiry of Demo Accounts: Usually 30 days, but may vary based on the broker's policy.
Explore broker markets account types: forex/trading accounts with demo access.