PGM broker Accounts

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

Part 1: pgm Account Types Explained

PGM offers several account types tailored to different trading needs and preferences. Below is a comprehensive overview of each account type available for traders.

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips; no commission.
• Leverage Options: Up to 1:400.
• Key Features: Ideal for beginners, offers access to a wide range of trading instruments.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of $5 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, suitable for high-frequency trading.
• Target User Profile: Experienced traders.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 1.0 pip; commission of $3 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Enhanced trading conditions, suitable for professional traders.
• Target User Profile: Professional and institutional 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 1:400.
• Key Features: Complies with Sharia law; no interest fees.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically $10,000).
• Spread/Commission Structure: Variable spreads; no commissions.
• Leverage Options: Up to 1:400.
• Key Features: Risk-free trading environment to practice strategies.
• Target User Profile: All levels of traders.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginner: Standard Account
• Intermediate: Pro Account
• Advanced: ECN Account
• Muslim Traders: Islamic Account
• All Levels: Demo Account

Part 2: Detailed pgm Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• User-friendly for beginners.

• ECN Account:

• Tight spreads.

• Direct access to liquidity providers.

• Suitable for scalpers and high-frequency traders.

• Pro Account:

• Lower commission rates.

• Enhanced trading conditions.

• Access to a wider range of instruments.

• Islamic Account:

• Complies with Islamic finance principles.

• No swap fees.

• Accessible to Muslim traders.

• Demo Account:

• Risk-free environment.

• Practice with virtual funds.

• Access to all trading instruments.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• ECN Account:

• Higher minimum deposit required.

• Commission fees can add up.

• Pro Account:

• Requires a larger initial investment.

• May not be suitable for casual traders.

• Islamic Account:

• Limited to specific trading conditions.

• Demo Account:

• No real profits can be made.

• Limited duration before expiry.

Part 3: pgm Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; specific regions may be restricted.
• Prohibited Countries: Countries under international sanctions or restrictions may not be eligible.
• Identity Verification Documents Needed: Government-issued ID (passport or driver's license).
• Proof of Residence Requirements: Utility bill or bank statement with your name and address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

PGM adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. All clients must complete identity verification before trading.

Verification Time Frames

• Standard Verification: Typically completed within 24-48 hours.
• Extended Verification: May take longer if additional documentation is required.

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

Step-by-Step Registration Process

1. Visit the Website: Go to the official PGM website.
2. Click Registration: Locate and click on the "Sign Up" or "Register" button.
3. Personal Information Entry: Fill in your name, email, phone number, and create a password.
4. Choose Account Type: Select the account type that suits your trading needs.
5. Set Trading Preferences: Specify your trading preferences and currency.
6. Document Upload: Upload the necessary verification documents.
7. Account Verification: Wait for the account to be verified by PGM.
8. Fund Your Account: Deposit funds into your account to start trading.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• Desktop: Full registration process with document upload.
• Mobile: Simplified registration; may have limited functionality.

Common Registration Issues and Solutions

• Issue: Verification delays.
• Solution: Ensure all documents are clear and legible.
• Issue: Unable to upload documents.
• Solution: Check file format and size restrictions.

Average Account Approval Time

Typically, account approval takes 24-48 hours, depending on the completeness of the submitted documents.

How to Upgrade/Downgrade Account Types

• Upgrade: Contact customer support to request an upgrade; may require additional funding.
• Downgrade: Submit a request through the account management portal.

Part 5: pgm Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments, real-time market conditions, and virtual funds.
• Benefits: Ideal for practicing strategies without financial risk.

How to Open a Demo Account

1. Visit the PGM website.
2. Click on the "Demo Account" option.
3. Fill in the required information and submit.

Demo Account Limitations

• Duration/Expiry: Typically valid for 30 days; may vary based on the broker's policy.
• Virtual Balance Amount: Usually set at $10,000 or similar.

Demo vs Live Account Differences

• Live Account: Real money trading; potential for profit or loss.
• Demo Account: Practice trading with virtual funds; no real financial implications.

Part 6: pgm Islamic Account Details

Swap-Free/Islamic Account Availability

PGM offers Islamic accounts that comply with Sharia law, ensuring no interest is charged or paid.

Eligibility Requirements

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

Differences from Standard Accounts

• No swap fees applied.
• Similar trading conditions as the Standard Account.

How to Apply for Islamic Account

1. Select the Islamic account option during registration.
2. Provide any additional documentation if required.

Restrictions or Special Conditions

• Must adhere to Islamic trading principles.
• Limited to specific trading instruments.

FAQs – pgm Account Types & Opening

1. What account types does pgm offer？

• PGM 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: Virtual balance.

1. How long does pgm account verification take？

• Typically 24-48 hours.

1. Does pgm offer demo accounts？

• Yes, PGM provides demo accounts for practice trading.

1. Can I have multiple account types with pgm？

• Yes, you can open multiple accounts as per your trading needs.

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

• Yes, PGM offers Islamic accounts that comply with Sharia law.

1. What documents do I need to open a pgm 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.