quant services offers a variety of account types tailored to meet the needs of different traders. Below is a detailed overview of each account type:
| Account Type | Minimum Deposit | Spread/Commission Structure | Leverage Options | Key Features | Target User Profile | Trading Instruments Available |
|---|---|---|---|---|---|---|
| Standard | $100 | Fixed spreads starting from 1.5 pips | Up to 1:500 | Basic trading features, suitable for beginners | Beginners | Forex, CFDs |
| ECN | $500 | Variable spreads from 0.0 pips + commission | Up to 1:200 | Direct market access, lower spreads | Intermediate to advanced | Forex, commodities, indices |
| Pro | $1,000 | Variable spreads + lower commission rates | Up to 1:100 | Advanced trading tools, priority support | Advanced traders | Forex, stocks, ETFs |
| Islamic | $500 | Similar to Standard/ECN | Up to 1:200 | Swap-free, compliant with Sharia law | Muslim traders | Forex, CFDs |
| Demo | N/A | N/A | N/A | Practice trading without risk | All levels | Forex, CFDs |
The following table compares key features across different account types:
| Feature | Standard Account | ECN Account | Pro Account | Islamic Account | Demo Account |
|---|---|---|---|---|---|
| Minimum Deposit | $100 | $500 | $1,000 | $500 | N/A |
| Maximum Leverage | 1:500 | 1:200 | 1:100 | 1:200 | N/A |
| Typical Spread | 1.5 pips | 0.0 pips | Variable | Variable | N/A |
| Commission Fees | None | Yes | Lower rates | None | N/A |
| Lot Size | Standard | Micro/Mini | Standard | Standard | N/A |
| Available Trading Platforms | MT4, MT5 | MT4, MT5 | Proprietary | MT4, MT5 | MT4, MT5 |
| Execution Type | Market | ECN | Market | Market | N/A |
| Islamic Account Availability | No | Yes | Yes | Yes | N/A |
| Swap-Free Options | No | No | No | Yes | N/A |
| Demo Account Features | N/A | N/A | N/A | N/A | Virtual funds for practice |
Standard Account:
Easy to open and manage.
No commission fees.
Suitable for beginners.
ECN Account:
Lower spreads and direct market access.
Ideal for scalpers and high-frequency traders.
Greater transparency in pricing.
Pro Account:
Advanced trading tools and analytics.
Lower commission rates for high-volume traders.
Priority customer support.
Islamic Account:
Compliant with Sharia law.
No swap fees.
Suitable for Muslim traders.
Demo Account:
Risk-free environment for practice.
Access to all trading instruments.
Ideal for testing strategies before live trading.
Standard Account:
Higher spreads compared to ECN.
Limited advanced features.
ECN Account:
Requires a higher minimum deposit.
Commission fees may apply.
Pro Account:
Higher minimum deposit requirement.
May not be suitable for casual traders.
Islamic Account:
Limited availability for non-Muslim traders.
Demo Account:
Limited duration and virtual funds.
No real market experience.
To open an account with quant services, the following eligibility criteria and documentation are required:
Eligibility Criteria:
Minimum age of 18 years.
Must be a resident of a country where quant services operates.
Geographic Restrictions:
Prohibited countries may include regions with strict financial regulations or sanctions.
Identity Verification Documents Needed:
Government-issued ID (passport or driver's license).
Proof of residence (utility bill or bank statement).
Additional Documentation for Professional Accounts:
Proof of income or financial status may be required.
Issue: Document upload failures.
Solution: Ensure documents are clear and meet size requirements.
Issue: Delayed verification.
Solution: Contact customer support for assistance.
Demo Account Features and Benefits:
Access to all trading instruments without financial risk.
Ideal for practicing strategies and familiarizing with the trading platform.
How to Open a Demo Account:
Select the demo account option during the registration process and follow the prompts.
Demo Account Limitations:
Virtual funds may be limited.
Typically expires after a set period (e.g., 30 days).
Virtual Balance Amount:
Usually provided with a virtual balance of $10,000 or similar.
Demo vs Live Account Differences:
Demo accounts do not reflect real market conditions and may lack emotional pressure.
Duration/Expiry of Demo Accounts:
Demo accounts typically last for 30 days but can be extended based on the broker's policy.
Swap-Free/Islamic Account Availability:
Islamic accounts are available for traders who require compliance with Sharia law.
Eligibility Requirements:
Must be a practicing Muslim.
Differences from Standard Accounts:
Islamic accounts do not incur swap fees, making them compliant with Islamic finance principles.
How to Apply for Islamic Account:
Select the Islamic account option during the registration process and provide necessary documentation.
Restrictions or Special Conditions:
May have specific trading conditions or limitations compared to standard accounts.
Explore broker markets account types: forex/trading accounts with demo access.