Radar broker Accounts

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

Part 1: radar Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spread starting from 1.0 pips
• Leverage Options: Up to 1:500
• Key Features: Basic trading tools, access to all major currency pairs
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

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

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Tight spreads with lower commission fees
• Leverage Options: Up to 1:100
• Key Features: Advanced trading tools, priority customer support
• Target User Profile: Professional traders
• Trading Instruments Available: All instruments including exotic pairs

1. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, but swap-free
• Leverage Options: Up to 1:200
• Key Features: Compliance with Sharia law, no overnight interest
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard account
• Leverage Options: Up to 1:500
• Key Features: Practice trading without risk, access to all trading tools
• Target User Profile: Beginners and experienced traders wanting to test strategies
• Trading Instruments Available: All available instruments

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
• All Levels for Practice: Demo Account

Part 2: radar Account Features Comparison

Detailed radar Account Features

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to all major currency pairs

• ECN Account:

• Direct market access

• Tight spreads

• Faster execution speeds

• Pro Account:

• Advanced trading tools

• Lower commission fees

• Priority customer support

• Islamic Account:

• Complies with Sharia law

• No overnight interest

• Available for all trading instruments

• Demo Account:

• Risk-free trading environment

• Practice strategies with virtual funds

• Access to all trading tools

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees can add up

• Pro Account:

• Higher minimum deposit

• May not be suitable for beginners

• Islamic Account:

• Limited availability of certain features

• Higher minimum deposit compared to Standard

• Demo Account:

• Virtual funds may not reflect real market conditions

• Limited duration for practice

Part 3: radar Account Registration Requirements

Eligibility Criteria

• Age Requirements: Minimum age of 18 years
• Geographic Restrictions: Available in most countries, but may be restricted in certain regions
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance (details not specified)
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Recent document showing name and address
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience

KYC/AML Compliance Procedures

• Users must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks to verify identity and prevent fraud.

Verification Time Frames

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

Part 4: radar Account Opening Process

Step-by-Step radar Account Opening Guide

1. Visit Website and Click Registration: Navigate to the radar trading platform website and click on the registration link.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type from the available options.
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
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 trading account.
8. Start Trading: Once your account is funded and verified, you can start trading.

Desktop vs Mobile Registration Differences

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

Common Registration Issues and Solutions

• Issue: Document upload fails
• Solution: Ensure documents are clear and meet size requirements.
• Issue: Verification delays
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes between 1-3 business days.

How to Upgrade/Downgrade Account Types

• Users can contact customer support to request an upgrade or downgrade of their account type, subject to meeting the new accounts requirements.

Part 5: radar Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading.
• Access to all trading tools and features available in live accounts.
• Ideal for testing strategies without financial risk.

How to Open a Demo Account

• Navigate to the radar website and select the demo account option, then follow the registration process.

Demo Account Limitations

• Limited duration for use (typically 30-90 days).
• Virtual funds may not accurately reflect real trading conditions.

Virtual Balance Amount

• Demo accounts typically come with a virtual balance of $100,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.
• Trading conditions may differ slightly due to market fluctuations.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30-90 days of inactivity.

Part 6: radar Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available for traders who require compliance with Sharia law.

Eligibility Requirements

• Traders must declare their need for an Islamic account during the registration process.

Differences from Standard Accounts

• Islamic accounts do not incur overnight interest (swap fees).

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 trading conditions that differ from standard accounts.

FAQs – radar Account Types & Opening

1. What account types does radar offer？

• radar 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 radar account verification take？

• Verification typically takes 1-3 business days.

1. Does radar offer demo accounts？

• Yes, radar offers demo accounts for practice trading.

1. Can I have multiple account types with radar？

• Yes, users can hold multiple account types, subject to meeting the requirements.

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

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

1. What documents do I need to open a radar 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 customer support.