PCM broker Accounts

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

Part 1: pcm Account Types Overview

pcm Account Types Explained

PCM offers a variety of account types tailored to different trading needs and experience levels. Below is a detailed overview of each account type, including their minimum deposit requirements, spread structures, leverage options, key features, target user profiles, and available trading instruments.

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Floating spreads starting from 1.5 pips
• Leverage Options: Up to 1:500
• Key Features:
• Access to a wide range of trading instruments
• Suitable for beginners
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex, commodities, indices

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Variable spreads with a commission of $3 per lot
• Leverage Options: Up to 1:200
• Key Features:
• Direct market access
• Lower spreads for high-frequency trading
• Target User Profile: Advanced traders and scalpers
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Tight spreads starting from 0.5 pips with a commission of $2 per lot
• Leverage Options: Up to 1:100
• Key Features:
• Advanced trading tools and analytics
• Priority customer support
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features:
• No swap fees
• Compliant with Sharia law
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

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:
• Risk-free trading environment
• Practice trading strategies
• Target User Profile: Beginners and traders testing new strategies
• Trading Instruments Available: Forex, commodities, indices

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: pcm Account Features Comparison

Detailed pcm Account Features

When comparing the features of different pcm account types, the following aspects are crucial:

Minimum Deposit

• Standard: $100
• ECN: $500
• Pro: $1,000
• Islamic: $100
• Demo: N/A

Maximum Leverage

• Standard: Up to 1:500
• ECN: Up to 1:200
• Pro: Up to 1:100
• Islamic: Up to 1:500
• Demo: Up to 1:500

Spreads (Typical/Minimum)

• Standard: Floating from 1.5 pips
• ECN: Variable, starting from 0.1 pips
• Pro: Starting from 0.5 pips
• Islamic: Similar to Standard
• Demo: Similar to Standard

Commission Fees

• Standard: None
• ECN: $3 per lot
• Pro: $2 per lot
• Islamic: None
• Demo: None

Lot Size (Micro/Mini/Standard)

• Standard: Micro (0.01)
• ECN: Micro (0.01)
• Pro: Mini (0.1)
• Islamic: Micro (0.01)
• Demo: Micro (0.01)

Available Trading Platforms

• Standard: MT4
• ECN: MT4
• Pro: MT4/MT5
• Islamic: MT4
• Demo: MT4

Execution Type

• Standard: Market
• ECN: ECN
• Pro: Market
• 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 for practice trading
• Access to all trading instruments
• Time-limited access (typically 30 days)

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit
• Suitable for beginners
• Access to a wide range of instruments
• Disadvantages:
• Higher spreads compared to ECN
• Limited advanced features

ECN Account

• Advantages:
• Lower spreads
• Direct market access
• Ideal for scalping
• Disadvantages:
• Higher minimum deposit
• Commission fees apply

Pro Account

• Advantages:
• Tight spreads
• Advanced trading tools
• Priority support
• Disadvantages:
• High minimum deposit
• Commission fees apply

Islamic Account

• Advantages:
• Compliant with Sharia law
• No swap fees
• Disadvantages:
• Limited to specific trading instruments

Demo Account

• Advantages:
• Risk-free trading
• Practice strategies
• Disadvantages:
• Limited duration
• No real money involved

Part 3: pcm Account Opening Requirements

pcm Account Registration Requirements

To open a pcm account, traders must meet specific eligibility criteria and provide necessary documentation:

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 sanctions or restrictions by the broker

Identity Verification Documents Needed

• Valid government-issued ID (passport, drivers license)
• Proof of residence (utility bill, bank statement)

Additional Documentation for Professional Accounts

• Financial statements
• Proof of trading experience

KYC/AML Compliance Procedures

• Complete identity verification
• Submit required documents for review

Verification Time Frames

• Typically takes 1-3 business days for account verification

Part 4: pcm Account Opening Process

Step-by-Step pcm Account Opening Guide

Follow these steps to successfully register for a pcm account:

1. Visit Website and Click Registration: Go to the pcm trading platform website and locate 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 based on your trading needs.
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
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 the minimum required amount to activate your trading account.
8. Start Trading: Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile users may have a more streamlined interface.

Common Registration Issues and Solutions

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

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Log into your account and navigate to the account settings to request an upgrade or downgrade.

Part 5: pcm Demo Account Information

pcm Demo Account Guide

Demo Account Features and Benefits

• Allows traders to practice without financial risk
• Access to all trading instruments available in live accounts

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 (usually 30 days)
• Virtual funds only, no real trading

Virtual Balance Amount

• Typically set at $10,000 or more in virtual funds.

Demo vs Live Account Differences

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

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity.

Part 6: pcm Islamic Account (if available)

pcm Islamic Account Details

Swap-Free/Islamic Account Availability

• Available for all account types (Standard, ECN, Pro).

Eligibility Requirements

• Must be a practicing Muslim.

Differences from Standard Accounts

• No swap fees applied to overnight positions.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process.

Restrictions or Special Conditions

• Must adhere to Sharia law in trading practices.

FAQs – pcm Account Types & Opening

1. What account types does pcm offer？

• pcm 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 pcm account verification take？

• Verification typically takes 1-3 business days.

1. Does pcm offer demo accounts？

• Yes, pcm offers demo accounts for practice trading.

1. Can I have multiple account types with pcm？

• Yes, traders can open multiple account types.

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

• Yes, pcm provides Islamic accounts that are swap-free.

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

• A valid 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 account settings.