OWM broker Accounts

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

Part 1: owm Account Types Overview

owm Account Types Explained

OWM offers several account types tailored to different trading needs and experiences. Below is a detailed overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Spreads as low as 0.45 pips
• Leverage Options: Up to 1:500
• Key Features: Instant execution, 24-hour customer service
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex, commodities, indices

2. ECN Account

• Minimum Deposit Requirement: $3,000
• Spread/Commission Structure: Spreads as low as 0.1 pips, commission applies
• Leverage Options: Up to 1:500
• Key Features: Instant execution, dedicated account manager, higher trading volume requirements
• Target User Profile: Advanced traders and professionals
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

3. Islamic Account

• Minimum Deposit Requirement: $100 (same as Standard)
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: Swap-free trading, compliant with Sharia law
• Target User Profile: Muslim traders seeking compliance with Islamic finance principles
• Trading Instruments Available: Forex, commodities, indices

4. Demo Account

• Minimum Deposit Requirement: None (virtual funds)
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: Practice trading with virtual funds, access to all trading instruments
• Target User Profile: Beginners wanting to practice trading strategies
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account, Demo Account
• Intermediate: Islamic Account
• Advanced: ECN Account

Part 2: owm Account Features Comparison

Detailed owm Account Features

The following features are compared across different account types:

• Minimum Deposit:

• Standard: $100

• ECN: $3,000

• Islamic: $100

• Demo: None

• Maximum Leverage:

• All accounts: Up to 1:500

• Spreads (Typical/Minimum):

• Standard: 0.45 pips

• ECN: 0.1 pips

• Islamic: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: Applicable

• Islamic: None

• Lot Size:

• All accounts: Minimum 0.01 lots

• Available Trading Platforms:

• All accounts: MT4, MT5

• Execution Type:

• Standard: Instant

• ECN: Market

• Islamic Account Availability:

• Available for Standard and Islamic accounts

• Swap-Free Options:

• Available for Islamic accounts

• Demo Account Features:

• Virtual funds for practice, access to all trading instruments

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Instant execution

• ECN Account:

• Tight spreads

• Direct market access

• Ideal for high-frequency trading

• Islamic Account:

• Compliant with Sharia law

• No swap fees

• Suitable for Muslim traders

• Demo Account:

• No financial risk

• Ideal for practice

• Full access to trading features

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• High minimum deposit requirement

• Commission fees can add up

• Islamic Account:

• Limited to specific trading conditions

• May have restrictions on certain instruments

• Demo Account:

• Limited duration (typically 15-30 days)

• No real financial gain

Part 3: owm Account Opening Requirements

owm Account Registration Requirements

Eligibility Criteria:

• Age Requirements: Must be at least 18 years old
• Geographic Restrictions: Available to traders globally, but may be restricted in certain jurisdictions
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance (not specified in sources)
• Identity Verification Documents Needed:
• Government-issued ID (Passport, Driver's License)
• Proof of residence (Utility bill, bank statement)
• Additional Documentation for Professional Accounts: May include financial statements or proof of trading experience

KYC/AML Compliance Procedures

• OWM adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring identity verification and proof of residence.

Verification Time Frames

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

Part 4: owm Account Opening Process

Step-by-Step owm Account Opening Guide

1. Visit Website and Click Registration: Go to the OWM official website and click on the registration button.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type (Standard, ECN, Islamic, etc.).
4. Set Trading Preferences: Indicate trading preferences and risk tolerance.
5. Document Upload: Upload required identity verification and proof of residence documents.
6. Account Verification: Wait for the account verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate the account.
8. Start Trading: Once funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with minor interface differences.

Common Registration Issues and Solutions

• Issue: Document upload errors.
• Solution: Ensure documents are clear and meet specified requirements.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes 1-3 business days.

How to Upgrade/Downgrade Account Types

• Users can request to upgrade or downgrade their account type through the customer support portal.

Part 5: owm Demo Account Information

owm Demo Account Guide

• Demo Account Features and Benefits:

• Access to all trading instruments

• Practice trading strategies without financial risk

• Virtual funds available for trading

• How to Open a Demo Account:

• Follow the same registration process as for live accounts, selecting the demo option.

• Demo Account Limitations:

• Limited duration (typically 15-30 days)

• No real financial gains

• Virtual Balance Amount:

• Typically provided with a virtual balance of $10,000 or similar.

• Demo vs Live Account Differences:

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

• Duration/Expiry of Demo Accounts:

• Demo accounts generally expire after 15-30 days of inactivity.

Part 6: owm Islamic Account Details

owm Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, OWM offers Islamic accounts that comply with Sharia law.
• Eligibility Requirements: Must provide documentation confirming adherence to Islamic finance principles.
• Differences from Standard Accounts: No swap fees, compliant with Islamic finance regulations.
• How to Apply for Islamic Account: Select the Islamic account option during the registration process.
• Restrictions or Special Conditions: Must adhere to specific trading conditions set by OWM.

FAQs – owm Account Types & Opening

1. What account types does owm offer？

• OWM offers Standard, ECN, Islamic, and Demo accounts.

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

• Standard: $100, ECN: $3,000, Islamic: $100, Demo: None.

1. How long does owm account verification take？

• Typically, 1-3 business days.

1. Does owm offer demo accounts？

• Yes, OWM provides demo accounts for practice trading.

1. Can I have multiple account types with owm？

• Yes, users can hold multiple account types.

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

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

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

• Government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.