QB broker Accounts

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

Part 1: qb Account Types Overview

qb Account Types Explained

qb offers several account types tailored to different trading needs and preferences. Below are the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commissions.
• Leverage Options: Up to 1:500.
• Key Features: Access to a wide range of trading instruments, including forex, commodities, and indices.
• Target User Profile: Suitable for beginners and experienced traders.
• Trading Instruments Available: Forex pairs, commodities, indices.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Tight spreads starting from 0.0 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, faster execution speeds.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex pairs, commodities, indices.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; commission of $2 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Enhanced trading conditions, priority customer support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex pairs, commodities, indices.

1. Islamic Account

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

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (commonly $10,000).
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free environment to practice trading strategies.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Forex pairs, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: qb Account Features Comparison

Detailed qb Account Features

When comparing qb account types, several features stand out:

• Minimum Deposit: Ranges from $100 (Standard, Islamic, Demo) to $1,000 (Pro).
• Maximum Leverage: Up to 1:500 for Standard, Islamic, and Demo accounts; lower for ECN and Pro accounts.
• Spreads:
• Standard: From 1.0 pips
• ECN: From 0.0 pips
• Pro: From 0.5 pips
• Islamic: Same as Standard
• Commission Fees:
• Standard: None
• ECN: $3 per lot
• Pro: $2 per lot
• Islamic: None
• Lot Size:
• Standard: Micro, Mini, Standard
• ECN: Micro, Mini, Standard
• Pro: Micro, Mini, Standard
• Islamic: Micro, Mini, Standard
• Demo: Micro, Mini, Standard
• Available Trading Platforms: MT4, MT5, proprietary platforms.
• Execution Type:
• Standard: Market
• ECN: Instant
• Pro: Market
• Islamic: Market
• Demo: Market
• Islamic Account Availability: Yes for Islamic Account.
• Swap-Free Options: Available for Islamic Account.
• Demo Account Features: Virtual trading with real market conditions, typically funded with $10,000 virtual balance.

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit.
• No commissions.
• Suitable for beginners.
• Disadvantages:
• Higher spreads compared to ECN.
• Limited advanced features.

ECN Account

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

Pro Account

• Advantages:
• Enhanced trading conditions.
• Lower commission fees.
• Priority support.
• Disadvantages:
• Higher minimum deposit.
• More suited for experienced traders.

Islamic Account

• Advantages:
• Swap-free trading.
• Complies with Sharia law.
• Low minimum deposit.
• Disadvantages:
• Limited to specific trading conditions.

Demo Account

• Advantages:
• Risk-free trading environment.
• Practice with virtual funds.
• Access to all trading instruments.
• Disadvantages:
• No real profits.
• Limited to a virtual balance.

Part 3: qb Account Opening Requirements

qb Account Registration Requirements

To open a qb account, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; specific restrictions may apply based on local regulations.
• Prohibited Countries: Countries under sanctions or restrictions may not be eligible.
• 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 that confirms the residential address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• Completion of Know Your Customer (KYC) checks.
• Anti-Money Laundering (AML) compliance verification.

Verification Time Frames

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

Part 4: qb Account Opening Process

Step-by-Step qb Account Opening Guide

1. Visit Website and Click Registration: Go to the qb trading platform website and click on the registration button.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the desired account type from the available options.
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once verified and funded, you can begin trading.

Desktop vs Mobile Registration Differences

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

Common Registration Issues and Solutions

• Issue: Document upload errors.
• Solution: Ensure documents are clear and meet the required formats.
• Issue: Delays in verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically 1-3 business days, depending on document verification.

How to Upgrade/Downgrade Account Types

• Account types can be changed by contacting customer support and following the necessary procedures.

Part 5: qb Demo Account Information

qb Demo Account Guide

• Demo Account Features and Benefits:
• Allows traders to practice without financial risk.
• Access to real market conditions with virtual funds.
• How to Open a Demo Account:
• Follow the standard registration process and select the demo account option.
• Demo Account Limitations:
• Limited to virtual funds; no real profits can be made.
• Virtual Balance Amount: Typically $10,000 in virtual funds.
• Demo vs Live Account Differences:
• Demo accounts use virtual funds; live accounts involve real money.
• Duration/Expiry of Demo Accounts: Demo accounts may expire after a set period, often 30 days, but can sometimes be extended.

Part 6: qb Islamic Account (if available)

qb Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, qb offers Islamic accounts.
• Eligibility Requirements: Must be a Muslim trader seeking compliance with Sharia law.
• Differences from Standard Accounts: No swap fees; similar trading conditions.
• How to Apply for Islamic Account: Indicate the desire for an Islamic account during registration or contact support.
• Restrictions or Special Conditions: Must adhere to Islamic trading principles.

FAQs – qb Account Types & Opening

1. What account types does qb offer？

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

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

• Standard and Islamic accounts require a minimum deposit of $100, ECN requires $500, and Pro requires $1,000.

1. How long does qb account verification take？

• Verification typically takes 1-3 business days.

1. Does qb offer demo accounts？

• Yes, qb offers demo accounts with virtual funds for practice.

1. Can I have multiple account types with qb？

• Yes, traders can hold multiple account types.

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

• Yes, qb provides Islamic accounts that comply with Sharia law.

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

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

1. Can I change my account type after registration？

• Yes, account types can be changed by contacting customer support.