PATENTE broker Accounts

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

Part 1: patente Account Types Overview

patente Account Types Explained

Patente offers a variety of account types to cater to different trading preferences and experience levels. Below are the main account types available:

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: Suitable for beginners; access to basic trading tools and resources.
• Target User Profile: Beginners.
• Trading Instruments Available: Forex, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Spreads from 0.1 pips; commission of $5 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access; lower spreads; ideal for high-frequency traders.
• Target User Profile: Advanced traders.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 0.5 pips; commission of $3 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Enhanced trading conditions; priority customer support.
• Target User Profile: Professional traders.
• Trading Instruments Available: Forex, commodities, indices, stocks.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law; no interest on overnight positions.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities.

5. Demo Account

• Minimum Deposit Requirement: N/A (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 platforms.
• Target User Profile: Beginners and experienced traders looking to test strategies.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: patente Account Features Comparison

Detailed patente Account Features

Comparison of Features Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• User-friendly for beginners.

• ECN Account:

• Tight spreads for cost-effective trading.

• Direct market access enhances execution speed.

• Suitable for scalping strategies.

• Pro Account:

• Lower commission fees for frequent traders.

• Enhanced customer support.

• Access to advanced trading tools.

• Islamic Account:

• Compliance with Sharia law.

• No interest fees on overnight positions.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free environment to practice trading.

• Access to all trading platforms.

• Ideal for testing strategies before going live.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• Limited features for advanced traders.

• ECN Account:

• Higher minimum deposit requirement.

• Commission fees can add up for frequent traders.

• Pro Account:

• Requires a larger initial investment.

• Not suitable for beginners.

• Islamic Account:

• Limited availability of trading instruments.

• May have similar features to Standard Account.

• Demo Account:

• Virtual funds may not accurately reflect real trading conditions.

• Limited duration for practice.

Part 3: patente Account Opening Requirements

patente Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available globally, but specific countries may be restricted.
• Prohibited Countries: Countries under international sanctions may be prohibited.
• Identity Verification Documents Needed:
• Government-issued ID (passport, drivers license).
• Proof of address (utility bill, bank statement).
• Proof of Residence Requirements: Must provide a document showing current residential address.
• Additional Documentation for Professional Accounts: May require business registration documents.

KYC/AML Compliance Procedures

• All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Verification of identity and address is mandatory.

Verification Time Frames

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

Part 4: patente Account Opening Process

Step-by-Step patente Account Opening Guide

1. Visit Website and Click Registration: Go to the official patente website and click on the registration link.
2. Personal Information Entry: Fill out the registration form with personal details (name, email, phone number).
3. Choose Account Type: Select the desired account type from the options available.
4. Set Trading Preferences: Specify trading preferences such as leverage and trading instruments.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the account to be verified by the platform.
7. Fund Your Account: Once verified, deposit funds into your trading account.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

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

Common Registration Issues and Solutions

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

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Users can request an upgrade or downgrade through their account settings or by contacting customer support.

Part 5: patente Demo Account Information

patente Demo Account Guide

Demo Account Features and Benefits

• Practice trading without financial risk.
• Access to all trading tools and features available in live accounts.
• Ideal for testing strategies and familiarizing with the trading platform.

How to Open a Demo Account

• Visit the patente website and select the demo account option.
• Fill out the registration form and follow the prompts to create an account.

Demo Account Limitations

• Limited duration of use (typically 30 days).
• Virtual funds may not accurately reflect real market conditions.

Virtual Balance Amount

• Demo accounts usually come with a virtual balance of $10,000 or more.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money.
• Live accounts incur real trading costs (spreads, commissions).

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days of inactivity.

Part 6: patente Islamic Account (if available)

patente Islamic Account Details

Swap-Free/Islamic Account Availability

• Patente offers an Islamic account that complies with Sharia law.

Eligibility Requirements

• Must be a practicing Muslim.
• Verification of religious beliefs may be required.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees on overnight positions.
• Trading conditions are similar to the Standard Account.

How to Apply for Islamic Account

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

Restrictions or Special Conditions

• Islamic accounts may have limitations on certain trading instruments.

FAQs – patente Account Types & Opening

1. What account types does patente offer？

• Patente 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, Demo: N/A.

1. How long does patente account verification take？

• Verification typically takes 1-3 business days.

1. Does patente offer demo accounts？

• Yes, patente offers demo accounts for practice trading.

1. Can I have multiple account types with patente？

• Yes, users can open multiple account types.

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

• Yes, an Islamic account is available.

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

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

1. Can I change my account type after registration？

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