RCM broker Accounts

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

Part 1: rcm Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Fixed spreads starting from 1.5 pips
• Leverage Options: Up to 1:500
• Key Features: User-friendly interface, suitable for beginners
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Variable spreads with a commission of $3 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, faster execution
• Target User Profile: Experienced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.1 pips, commission of $2 per lot
• Leverage Options: Up to 1:100
• Key Features: Advanced trading tools, priority customer 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: No swap fees, compliant with Sharia law
• 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: Same as Standard Account
• Key Features: Practice trading without risk, access to all trading instruments
• Target User Profile: Beginners and experienced traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: rcm Account Features Comparison

Detailed rcm Account Features

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:100

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: 1.5 pips

• ECN: Variable, starting from 0.1 pips

• Pro: Variable, starting from 0.1 pips

• Islamic: Similar to Standard

• Demo: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Mini, Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: N/A

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: N/A

• Demo Account Features:

• Virtual balance for practice trading

• Access to all trading instruments

• No time limit on usage

Advantages of Each Account Type

• Standard Account:

• Easy to use for beginners

• No commission fees

• High leverage available

• ECN Account:

• Lower spreads

• Direct market access

• Suitable for high-frequency trading

• Pro Account:

• Advanced trading tools

• Lower commission fees

• Priority support

• Islamic Account:

• Complies with Sharia law

• No swap fees

• Available for all trading instruments

• Demo Account:

• Risk-free trading environment

• Ideal for practice and strategy testing

• Full access to trading features

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Requires higher minimum deposit

• Commission fees apply

• Pro Account:

• Higher minimum deposit

• Not suitable for beginners

• Islamic Account:

• Limited promotional offers

• May not be available in all regions

• Demo Account:

• Virtual funds may not reflect real trading conditions

• Limited duration for practice trading

Part 3: rcm Account Registration Requirements

rcm Account Registration Requirements

• Eligibility Criteria:

• Age Requirements: Minimum age of 18 years

• Geographic Restrictions: Available in most countries, but specific restrictions may apply

• Prohibited Countries: Countries under international sanctions may be restricted

• Identity Verification Documents Needed:

• Valid government-issued ID (passport, national ID)

• Proof of residence (utility bill, bank statement)

• Additional Documentation for Professional Accounts:

• Proof of income or financial statements may be required for higher-tier accounts

• KYC/AML Compliance Procedures:

• All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks

• Verification Time Frames:

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

Part 4: rcm Account Opening Process

Step-by-Step rcm Account Opening Guide

1. Visit Website: Go to the official rcm trading website.
2. Click Registration: Find and click on the registration button.
3. Personal Information Entry: Fill in your personal details such as name, email, and phone number.
4. Choose Account Type: Select the account type you wish to open (Standard, ECN, Pro, etc.).
5. Set Trading Preferences: Specify your trading preferences and risk tolerance.
6. Document Upload: Upload required identity verification documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit the minimum required amount to activate your account.
9. Start Trading: Once your account is funded, you can start 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 interface.

Common Registration Issues and Solutions

• Issue: Document upload failures

• Solution: Ensure documents are clear and in the correct format (PDF, JPEG).

• Issue: Verification delays

• Solution: Contact customer support for updates on your application status.

Average Account Approval Time

• The average account approval time is between 1-3 business days, depending on the completeness of the application.

How to Upgrade/Downgrade Account Types

• Users can request to upgrade or downgrade their account type through the account management section of the website or by contacting customer support.

Part 5: rcm Demo Account Information

rcm Demo Account Guide

• Demo Account Features and Benefits:

• Access to virtual funds for risk-free trading

• Ability to test trading strategies without financial risk

• Full access to trading platforms and instruments

• How to Open a Demo Account:

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

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

• Demo Account Limitations:

• Virtual funds are not real money and cannot be withdrawn.

• Some features may be limited compared to live accounts.

• Virtual Balance Amount:

• Typically, demo accounts come with a virtual balance of $10,000 or more.

• Demo vs Live Account Differences:

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

• Market conditions may differ between demo and live trading.

• Duration/Expiry of Demo Accounts:

• Demo accounts may remain active for a specified period, often up to 30 days, but can sometimes be extended.

Part 6: rcm Islamic Account Details

rcm Islamic Account Details

• Swap-Free/Islamic Account Availability:

• rcm offers Islamic accounts that comply with Sharia law, ensuring no swap fees are charged.

• Eligibility Requirements:

• Must be a practicing Muslim to qualify for an Islamic account.

• Differences from Standard Accounts:

• Islamic accounts do not incur swap fees, while standard accounts may have overnight 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 or limitations based on compliance with Sharia law.

FAQs – rcm Account Types & Opening

1. What account types does rcm offer？

• rcm 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: N/A.

1. How long does rcm account verification take？

• Account verification typically takes 1-3 business days.

1. Does rcm offer demo accounts？

• Yes, rcm provides demo accounts for practice trading.

1. Can I have multiple account types with rcm？

• Yes, users can open multiple account types.

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

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

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

• Valid 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.