PROFITMART broker Accounts

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

Part 1: profitmart Account Types Explained

Profitmart offers a variety of account types to cater to different trading needs and preferences. Below is an overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: ₹1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips
• Leverage Options: Up to 1:100
• Key Features:
• Access to a wide range of trading instruments
• User-friendly trading platform
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex, commodities, stocks

2. ECN Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Low spreads with a commission of ₹20 per lot
• Leverage Options: Up to 1:200
• Key Features:
• Direct market access
• Faster execution speeds
• Target User Profile: Advanced traders and professionals
• Trading Instruments Available: Forex, commodities, indices

3. Pro Account

• Minimum Deposit Requirement: ₹25,000
• Spread/Commission Structure: Tight spreads starting from 0.1 pips with a commission of ₹10 per lot
• Leverage Options: Up to 1:500
• Key Features:
• Advanced trading tools and analytics
• Priority customer support
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Forex, commodities, stocks, indices

4. Islamic Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Similar to Standard or ECN accounts, but swap-free
• Leverage Options: Up to 1:100
• Key Features:
• Compliant with Sharia law
• No overnight swap fees
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as live accounts
• Leverage Options: Same as live accounts
• Key Features:
• Risk-free trading environment
• Access to all trading platforms
• Target User Profile: Beginners and traders testing strategies
• Trading Instruments Available: All instruments available in live accounts

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: profitmart Account Features Comparison

Detailed profitmart Account Features

• Minimum Deposit:

• Standard: ₹1,000

• ECN: ₹10,000

• Pro: ₹25,000

• Islamic: ₹10,000

• Demo: N/A

• Maximum Leverage:

• Standard: 1:100

• ECN: 1:200

• Pro: 1:500

• Islamic: 1:100

• Demo: Same as live accounts

• Spreads (Typical/Minimum):

• Standard: From 0.5 pips

• ECN: From 0.1 pips

• Pro: From 0.1 pips

• Islamic: Variable

• Demo: Same as live accounts

• Commission Fees:

• Standard: None

• ECN: ₹20/lot

• Pro: ₹10/lot

• Islamic: None

• Demo: N/A

• Lot Size:

• Standard: Standard lots

• ECN: Micro and standard lots

• Pro: Micro, mini, and standard lots

• Islamic: Standard lots

• Demo: Same as live accounts

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market execution

• ECN: ECN execution

• Pro: Market execution

• Islamic: Market execution

• Demo: Market execution

• Islamic Account Availability: Yes for Islamic Account type only.

• Swap-Free Options: Available for Islamic accounts.

• Demo Account Features:

• Virtual funds for practice trading

• Access to all trading features

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly interface

• Ideal for beginners

• ECN Account:

• Low spreads

• Direct market access

• Faster execution

• Pro Account:

• Tight spreads

• Advanced trading tools

• High leverage

• Islamic Account:

• Compliant with Islamic law

• No swap fees

• Flexible trading options

• Demo Account:

• Risk-free environment

• Practice trading strategies

• Access to all features

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

• Complexity may deter beginners

• Islamic Account:

• Limited to Muslim traders

• May have fewer features than Pro accounts

• Demo Account:

• Virtual funds only

• Limited to practice trading

Part 3: profitmart Account Registration Requirements

profitmart Account Registration Requirements

• Eligibility Criteria:

• Age Requirements: Minimum age of 18 years.

• Geographic Restrictions: Available to residents of India and select countries.

• Prohibited Countries: Specific countries may be restricted (details not provided).

• Identity Verification Documents Needed:

• Government-issued ID (Aadhaar, Passport, etc.)

• PAN card

• Recent passport-sized photograph

• Proof of Residence Requirements:

• Utility bill (electricity, water, etc.) or bank statement not older than 3 months.

• Additional Documentation for Professional Accounts:

• Financial statements or proof of trading experience may be required.

• KYC/AML Compliance Procedures:

• Completion of KYC (Know Your Customer) process is mandatory.

• Verification of documents submitted.

• Verification Time Frames:

• Typically takes 1-3 business days for account verification.

Part 4: profitmart Account Opening Process

Step-by-Step profitmart Account Opening Guide

1. Visit Website and Click Registration: Go to the Profitmart website and click on the "Open an Account" button.
2. Personal Information Entry: Fill in your personal details such as name, email, phone number, and address.
3. Choose Account Type: Select the account type that suits your trading needs (Standard, ECN, Pro, Islamic, Demo).
4. Set Trading Preferences: Indicate your trading preferences and leverage options.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the verification process to be completed by Profitmart.
7. Fund Your Account: Once verified, deposit funds into your trading account.
8. Start Trading: Access your account and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with a user-friendly interface designed for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload failure

• Solution: Ensure documents are clear and in the correct format.

• Issue: Verification delays

• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Contact Profitmart customer support to request an upgrade or downgrade of your account type, providing necessary documentation if required.

Part 5: profitmart Demo Account Guide

profitmart Demo Account Features and Benefits

• Features:
• Access to all trading instruments available in live accounts.
• Virtual funds for risk-free trading.
• Ability to practice trading strategies without financial risk.

How to Open a Demo Account

• Visit the Profitmart website and select the option to open a demo account. Fill in the required information and submit.

Demo Account Limitations

• Limited to virtual funds; cannot be used for real trading.
• Time-limited access may apply.

Virtual Balance Amount

• The demo account typically provides a virtual balance of ₹1,000,000 for practice.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money trading.

Duration/Expiry of Demo Accounts

• Demo accounts may expire after a certain period, typically 30 days, unless extended.

Part 6: profitmart Islamic Account Details

profitmart Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, Profitmart offers Islamic accounts that comply with Sharia law.

• Eligibility Requirements: Must be a Muslim trader to qualify for an Islamic account.

• Differences from Standard Accounts:

• No swap fees on overnight positions.

• Similar trading features as 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 that differ from standard accounts.

FAQs – profitmart Account Types & Opening

1. What account types does profitmart offer？

• Profitmart offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: ₹1,000; ECN: ₹10,000; Pro: ₹25,000; Islamic: ₹10,000; Demo: N/A.

1. How long does profitmart account verification take？

• Verification typically takes 1-3 business days.

1. Does profitmart offer demo accounts？

• Yes, Profitmart provides demo accounts for practice trading.

1. Can I have multiple account types with profitmart？

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

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

• Yes, Profitmart offers Islamic accounts that are swap-free.

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

• Government-issued ID, PAN card, recent photograph, 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.