rab offers a variety of account types designed to cater to different trading styles and experience levels. Below is a detailed overview of the available account types:
| Account Type | Minimum Deposit | Spread | Commission | Leverage | Target User Profile |
|---|---|---|---|---|---|
| Maverick | $5,000 | Raw | $7/lot | 1:500 | Advanced |
| Astra | $2,000 | 1.0 | $0 | 1:500 | Intermediate |
| Vertex | $1,000 | 1.5 | $0 | 1:500 | Intermediate |
| Quantum | $500 | 2.0 | $0 | 1:500 | Beginner |
| Zenith | $100 | 2.5 | $0 | 1:500 | Beginner |
| Titan | $10 | N/A | N/A | 1:500 | New |
The following table compares key features across different rab account types:
| Feature | Maverick | Astra | Vertex | Quantum | Zenith | Titan |
|---|---|---|---|---|---|---|
| Minimum Deposit | $5,000 | $2,000 | $1,000 | $500 | $100 | $10 |
| Maximum Leverage | 1:500 | 1:500 | 1:500 | 1:500 | 1:500 | 1:500 |
| Typical Spread | Raw | 1.0 | 1.5 | 2.0 | 2.5 | N/A |
| Commission Fees | $7/lot | $0 | $0 | $0 | $0 | N/A |
| Lot Size | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
| Available Trading Platforms | MT5, WebTerminal | MT5, WebTerminal | MT5, WebTerminal | MT5, WebTerminal | MT5, WebTerminal | MT5, WebTerminal |
| Execution Type | Market | Market | Market | Market | Market | Market |
| Islamic Account Availability | Yes | Yes | Yes | Yes | Yes | Yes |
| Swap-Free Options | Yes | Yes | Yes | Yes | Yes | Yes |
| Demo Account Features | Yes | Yes | Yes | Yes | Yes | Yes |
To open a rab account, the following eligibility criteria must be met:
Demo Account Features and Benefits:
Practice trading without financial risk.
Access to real market conditions with virtual funds.
Ideal for beginners to learn trading strategies.
How to Open a Demo Account:
Visit the rab website and navigate to the demo account section.
Fill out the registration form with required details.
Receive access credentials to the demo account.
Demo Account Limitations:
Limited duration (typically 30 days).
Virtual funds may not reflect real market conditions perfectly.
Virtual Balance Amount:
Usually set at a standard amount (e.g., $10,000) for practice.
Demo vs Live Account Differences:
Demo accounts use virtual funds; live accounts involve real money.
Live accounts may have different spreads and commissions.
Duration/Expiry of Demo Accounts:
Demo accounts typically expire after 30 days of inactivity.
Swap-Free/Islamic Account Availability:
rab offers Islamic accounts that comply with Sharia law, allowing for trading without swap fees.
Eligibility Requirements:
Must provide documentation confirming the need for an Islamic account.
Differences from Standard Accounts:
No swap fees; other trading conditions remain similar.
How to Apply for Islamic Account:
Indicate the request during the account registration process or contact customer support.
Restrictions or Special Conditions:
Must adhere to Islamic finance principles; check with rab for specific terms.
Explore broker markets account types: forex/trading accounts with demo access.