QUANTUM broker Accounts

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

Part 1: quantum Account Types Overview

quantum Account Types Explained

Quantum offers various account types tailored to different trading needs and expertise levels. Below is a detailed overview of each account type available:

Recommended Account Types by Trader Level

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

Part 2: quantum Account Features Comparison

Detailed quantum Account Features

The following table compares key features across different quantum account types:

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit
• No commission fees
• User-friendly for beginners
• Disadvantages:
• Higher spreads compared to ECN and Pro accounts
• Limited advanced trading features

ECN Account

• Advantages:
• Low spreads
• Direct market access
• Suitable for high-frequency trading
• Disadvantages:
• Requires higher minimum deposit
• Commission fees apply

Pro Account

• Advantages:
• Tightest spreads
• Advanced trading tools
• Dedicated account manager
• Disadvantages:
• High minimum deposit
• Commission fees apply

Islamic Account

• Advantages:
• Swap-free trading
• Compliant with Sharia law
• Disadvantages:
• Limited availability for non-Muslim traders
• Higher minimum deposit compared to Standard accounts

Demo Account

• Advantages:
• No financial risk
• Ideal for practice and strategy testing
• Disadvantages:
• Limited to virtual trading
• No access to real market conditions

Part 3: quantum Account Opening Requirements

quantum Account Registration Requirements

To open an account with Quantum, the following eligibility criteria and documentation are required:

• Eligibility Criteria:

• Minimum age of 18 years

• Must be a resident of a country where Quantum operates

• No restrictions for residents of prohibited countries (specific countries may be restricted based on regulatory compliance)

• Identity Verification Documents Needed:

• A valid government-issued photo ID (passport, driver's license)

• Proof of residence (utility bill, bank statement)

• Additional Documentation for Professional Accounts:

• Proof of income or financial status may be required for Pro accounts.

• KYC/AML Compliance Procedures:

• All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks during the registration process.

• Verification Time Frames:

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

Part 4: quantum Account Opening Process

Step-by-Step quantum Account Opening Guide

1. Visit Website and Click Registration: Navigate to the official Quantum website and select the account type you wish to open.
2. Personal Information Entry: Fill in your personal details, including name, date of birth, and contact information.
3. Choose Account Type: Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Indicate your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to be completed by Quantums compliance team.
7. Fund Your Account: Once verified, deposit the minimum required amount to fund your account.
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, though mobile may have additional app-specific features.
• Common Registration Issues and Solutions: Common issues include document rejection due to poor quality. Ensure all documents are clear and valid.
• Average Account Approval Time: Account approval generally takes 1-3 business days, depending on the documentation provided.
• How to Upgrade/Downgrade Account Types: Contact customer support to request an upgrade or downgrade of your account type.

Part 5: quantum Demo Account Information

quantum Demo Account Guide

• Demo Account Features and Benefits:

• Allows traders to practice without financial risk.

• Access to virtual trading environment with real market conditions.

• How to Open a Demo Account:

• Visit the Quantum website and select the demo account option.

• Fill in the required personal information and create your demo account.

• Demo Account Limitations:

• Limited to virtual funds; cannot be used for real trading.

• May have a time limit or expiry date.

• Virtual Balance Amount: Typically, demo accounts come with a virtual balance of $10,000 or similar.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds, while live accounts require real money deposits.

• Live accounts may have different spreads and execution conditions compared to demo accounts.

• Duration/Expiry of Demo Accounts: Demo accounts usually remain active for a limited time, often 30 days, but this can vary by broker.

Part 6: quantum Islamic Account Details

quantum Islamic Account Details

• Swap-Free/Islamic Account Availability: Quantum offers Islamic accounts that comply with Sharia law, allowing Muslim traders to participate without incurring interest charges.

• Eligibility Requirements: Traders must provide proof of their Muslim faith to qualify for an Islamic account.

• Differences from Standard Accounts: Islamic accounts do not incur swap fees, making them suitable for long-term positions.

• 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 conditions regarding trading instruments and leverage.

FAQs – quantum Account Types & Opening

1. What account types does quantum offer？

• Quantum 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: $500, Demo: N/A.

1. How long does quantum account verification take？

• Verification typically takes 1-3 business days.

1. Does quantum offer demo accounts？

• Yes, Quantum provides demo accounts for practice trading.

1. Can I have multiple account types with quantum？

• Yes, traders can open multiple account types.

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

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

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

• A valid photo 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 customer support.