qtm broker Accounts

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

Part 1: qtm Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:500
• Key Features: Basic trading features suitable for beginners
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips + commission
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, suitable for scalping
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Competitive spreads with lower commissions
• Leverage Options: Up to 1:400
• Key Features: Enhanced trading conditions, priority support
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, stocks

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: Swap-free trading to comply with Sharia law
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:500
• Key Features: Practice trading without risk, access to all trading instruments
• Target User Profile: Beginners and experienced traders wanting to test strategies
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: Detailed qtm Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to a variety of instruments

• ECN Account:

• Tight spreads and low latency

• Ideal for scalping strategies

• Direct market access

• Pro Account:

• Enhanced trading conditions

• Lower commissions

• Priority customer support

• Islamic Account:

• Complies with Sharia law

• No swap fees

• Accessible to all trading instruments

• Demo Account:

• Risk-free trading environment

• Practice strategies with virtual funds

• Access to all trading features

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees may apply

• Pro Account:

• Higher initial investment required

• Not suitable for beginners

• Islamic Account:

• Limited to specific trading instruments

• May have restrictions on certain trading strategies

• Demo Account:

• Virtual funds do not reflect real market conditions

• Limited duration for use

Part 3: qtm Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old
• Geographic Restrictions: Available in most countries, but may be restricted in specific regions
• Prohibited Countries: Countries under international sanctions may not be eligible
• Identity Verification Documents Needed:
• Government-issued ID (passport or driver's license)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Recent documents showing your name and 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) forms
• Anti-Money Laundering (AML) checks as per regulatory requirements

Verification Time Frames

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

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

Detailed Registration Process

1. Visit Website and Click Registration: Go to the qtm website and locate the registration button.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the account type that best suits your trading needs.
4. Set Trading Preferences: Indicate 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 start trading.
8. Start Trading: Access your trading platform and begin trading.

Desktop vs Mobile Registration Differences

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

Common Registration Issues and Solutions

• Issue: Document upload failures.
• Solution: Ensure documents are clear and in the correct format (JPEG, PDF).
• Issue: Delayed verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Most accounts are approved within 1 to 3 business days, depending on documentation.

How to Upgrade/Downgrade Account Types

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

Part 5: qtm Demo Account Guide

Demo Account Features and Benefits

• Access to a virtual trading environment with no financial risk
• Ability to practice trading strategies and familiarize yourself with the trading platform

How to Open a Demo Account

• Navigate to the demo account section on the qtm website and fill out the registration form.

Demo Account Limitations

• Limited duration of use (typically 30 days)
• Virtual funds may not accurately reflect real market conditions

Virtual Balance Amount

• Usually set at $10,000 in virtual funds for practice.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money and market conditions.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days of inactivity.

Part 6: qtm Islamic Account Details

Swap-Free/Islamic Account Availability

• qtm offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Must meet standard account opening requirements and specify the need for an Islamic account during registration.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for Muslim traders.

How to Apply for Islamic Account

• Indicate the preference for an Islamic account during the account registration process.

Restrictions or Special Conditions

• May have limitations on certain trading strategies that involve swaps.

FAQs – qtm Account Types & Opening

1. What account types does qtm offer？

• qtm 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 funds.

1. How long does qtm account verification take？

• Verification typically takes 1 to 3 business days.

1. Does qtm offer demo accounts？

• Yes, qtm offers demo accounts for practice trading.

1. Can I have multiple account types with qtm？

• Yes, you can open multiple account types.

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

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

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

• A government-issued 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 the account settings.