PCS offers several account types tailored to different trading needs and preferences. Below is a detailed overview of the available account types:
| Account Type | Minimum Deposit | Spread/Commission Structure | Leverage Options | Key Features | Target User Profile | Trading Instruments Available |
|---|---|---|---|---|---|---|
| Standard | $100 | Variable spreads from 1.0 pips | Up to 1:500 | User-friendly interface, access to all trading instruments | Beginners | Forex, commodities, indices |
| ECN | $500 | Low spreads starting from 0.1 pips + commission | Up to 1:200 | Direct market access, lower spreads, faster execution | Advanced traders | Forex, commodities, indices |
| Pro | $1,000 | Fixed spreads from 1.5 pips | Up to 1:100 | Tailored for professional traders, advanced tools | Institutional traders | Forex, commodities, indices |
| Islamic | $100 | Similar to Standard, swap-free | Up to 1:500 | Compliant with Sharia law, no swap fees | Muslim traders | Forex, commodities, indices |
| Demo | N/A | N/A | N/A | Practice trading without risk, access to all features | All levels | Forex, commodities, indices |
The following table compares the features across different pcs account types:
| Feature | Standard | ECN | Pro | Islamic | Demo |
|---|---|---|---|---|---|
| Minimum Deposit | $100 | $500 | $1,000 | $100 | N/A |
| Maximum Leverage | 1:500 | 1:200 | 1:100 | 1:500 | N/A |
| Typical Spread | 1.0 pips | 0.1 pips | 1.5 pips | Similar to Standard | N/A |
| Commission Fees | None | Yes | None | None | N/A |
| Lot Size | Micro | Mini | Standard | Micro | N/A |
| Available Trading Platforms | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4, MT5 |
| Execution Type | Market | ECN | Market | Market | N/A |
| Islamic Account Availability | No | No | No | Yes | No |
| Swap-Free Options | No | No | No | Yes | No |
| Demo Account Features | N/A | N/A | N/A | N/A | Virtual balance, full features |
To open a pcs account, the following eligibility criteria and documentation are required:
Eligibility Criteria:
Minimum age of 18 years
Geographic restrictions may apply (specific countries may be prohibited)
Identity verification documents are needed (e.g., government-issued ID)
Proof of residence (e.g., utility bill, bank statement)
Additional documentation for professional accounts may include financial statements or proof of trading experience
KYC/AML Compliance Procedures:
All new accounts must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
This includes verifying identity and residence to prevent fraud.
Verification Time Frames:
Account verification typically takes 1-3 business days, depending on the completeness of submitted documentation.
To open a pcs account, follow these steps:
Demo Account Features and Benefits:
Allows users to practice trading without financial risk.
Access to all trading features available in live accounts.
Ideal for beginners to learn trading strategies.
How to Open a Demo Account:
Visit the pcs website and select the demo account option.
Fill out the registration form and submit.
Demo Account Limitations:
Virtual balance only; no real profits can be made.
Limited duration for practice (typically 30-90 days).
Virtual Balance Amount:
Usually set at a predefined amount (e.g., $10,000 virtual funds).
Demo vs Live Account Differences:
Demo accounts use virtual funds, while live accounts require real money.
Live accounts may incur trading fees and commissions.
Duration/Expiry of Demo Accounts:
Demo accounts typically expire after a set period, but users may be able to renew or extend access.
Swap-Free/Islamic Account Availability:
pcs offers Islamic accounts that comply with Sharia law, allowing Muslim traders to engage in trading without incurring swap fees.
Eligibility Requirements:
Must be a Muslim trader seeking a swap-free trading environment.
Differences from Standard Accounts:
Islamic accounts do not incur swap fees, unlike standard accounts.
How to Apply for Islamic Account:
Select the Islamic account option during the registration process and provide necessary documentation.
Restrictions or Special Conditions:
Islamic accounts may have specific trading conditions, such as limitations on certain trading strategies.
Explore broker markets account types: forex/trading accounts with demo access.