Pandex broker Accounts

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

Part 1: pandex Account Types Explained

Pandex offers a variety of account types tailored to different trading needs and levels of experience. Below is an overview of the available account types, including their features and target user profiles.

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:500
• Key Features: User-friendly interface, suitable for beginners
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads from 0.1 pips + $5 commission per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution speeds
• Target User Profile: Experienced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads starting from 1.0 pip
• Leverage Options: Up to 1:400
• Key Features: Advanced trading tools, priority customer support
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, stocks

1. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, but swap-free
• Leverage Options: Up to 1:500
• Key Features: Complies with Sharia law, no interest fees
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: Virtual funds
• Spread/Commission Structure: Same as live accounts
• Leverage Options: Same as live accounts
• Key Features: Risk-free trading environment, practice strategies
• Target User Profile: All levels
• Trading Instruments Available: Forex, commodities, indices

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: Detailed pandex Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $500

• Demo: Virtual funds

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:400

• Islamic: Up to 1:500

• Demo: Same as live accounts

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.1 pips

• Pro: From 1.0 pip

• Islamic: Similar to Standard/ECN

• Demo: Same as live accounts

• Commission Fees:

• Standard: None

• ECN: $5 per lot

• Pro: None

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro (0.01)

• ECN: Mini (0.1)

• Pro: Standard (1.0)

• Islamic: Micro/Mini

• Demo: Micro/Mini/Standard

• Available Trading Platforms:

• Standard: MT4

• ECN: MT4, MT5

• Pro: MT5, Proprietary

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market/ECN

• Demo: Market

• Islamic Account Availability: Yes for Islamic Account

• Swap-Free Options: Available for Islamic Account

• Demo Account Features: Unlimited virtual trading, access to all instruments

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly interface

• Suitable for beginners

• ECN Account:

• Direct market access

• Tight spreads

• Fast execution

• Pro Account:

• Advanced tools

• Priority support

• Fixed spreads

• Islamic Account:

• Complies with Sharia law

• No interest fees

• Suitable for Muslim traders

• Demo Account:

• Risk-free environment

• Practice trading strategies

• Unlimited access to virtual funds

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees apply

• Pro Account:

• High minimum deposit

• More complex for beginners

• Islamic Account:

• Limited availability

• May have restrictions on certain instruments

• Demo Account:

• Virtual funds only

• Limited to practice, not real trading experience

Part 3: pandex Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old
• Geographic Restrictions: Available in most countries; specific restrictions may apply
• Prohibited Countries: Certain jurisdictions may be restricted (specific countries not listed)
• Identity Verification Documents Needed:
• Government-issued ID (passport, drivers license)
• Proof of address (utility bill, bank statement)
• Proof of Residence Requirements: Recent documents showing your name and address
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status

KYC/AML Compliance Procedures

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

Verification Time Frames

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

Part 4: Step-by-Step pandex Account Opening Guide

Step-by-Step Registration Process

1. Visit Website and Click Registration: Go to the Pandex website and find the registration button.
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: Indicate your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the account to be verified by Pandex.
7. Fund Your Account: Deposit funds into your account using your preferred payment method.
8. Start Trading: Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, though the mobile interface may have simplified steps for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are clear and in the correct format (JPEG, PDF).
• Issue: Verification takes longer than expected.
• Solution: Check your email for any requests for additional information.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Users can contact customer support to request an upgrade or downgrade of their account type, subject to the minimum deposit requirements of the new account type.

Part 5: pandex Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading.
• Allows users to familiarize themselves with the trading platform and tools.
• Access to virtual funds to simulate real trading conditions.

How to Open a Demo Account

• Visit the Pandex website and select the demo account option during registration.

Demo Account Limitations

• Limited to virtual trading; no real profits can be made.
• May have a time limit on usage (typically 30 days).

Virtual Balance Amount

• Users are typically provided with a virtual balance of $10,000 to practice trading.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Live accounts may incur fees and commissions, unlike demo accounts.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity but can be extended by contacting support.

Part 6: pandex Islamic Account Details

Swap-Free/Islamic Account Availability

• Pandex offers Islamic accounts that comply with Sharia law, ensuring no interest is charged.

Eligibility Requirements

• Must be a practicing Muslim to qualify for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for long-term trading without interest.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process and provide any necessary documentation.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions or restrictions on certain instruments.

FAQs – pandex Account Types & Opening

1. What account types does pandex offer？

• Pandex 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 pandex account verification take？

• Verification typically takes 1-3 business days.

1. Does pandex offer demo accounts？

• Yes, pandex offers demo accounts for practice trading.

1. Can I have multiple account types with pandex？

• Yes, users can open multiple accounts, subject to the minimum deposit requirements.

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

• Yes, pandex provides Islamic accounts that comply with Sharia law.

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

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

1. Can I change my account type after registration？

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