real trade Account Types & Opening Guide 2025: Complete Comparison and Registration Steps
Part 1: real trade Account Types Overview
real trade Account Types Explained
When considering a real trade account, traders have several options tailored to different trading needs and experiences. Below are the primary account types available:
1. Standard Account
- Minimum Deposit Requirement: $100
- Spread/Commission Structure: Floating spreads, no commission
- Leverage Options: Up to 1:30
- Key Features: Ideal for beginners, offers a user-friendly interface, and access to various trading instruments.
- Target User Profile: Beginners and intermediate traders
- Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies
2. ECN Account
- Minimum Deposit Requirement: $500
- Spread/Commission Structure: Low spreads starting from 0.0 pips, commission-based
- Leverage Options: Up to 1:100
- Key Features: Designed for professional traders, offers direct market access and lower spreads.
- Target User Profile: Advanced and professional traders
- Trading Instruments Available: Forex and commodities
3. Cent Account
- Minimum Deposit Requirement: $10
- Spread/Commission Structure: Floating spreads, no commission
- Leverage Options: Up to 1:500
- Key Features: Allows trading in cents, minimizing risk, ideal for beginners transitioning from demo accounts.
- Target User Profile: New traders
- Trading Instruments Available: Forex
4. Islamic Account
- Minimum Deposit Requirement: $100
- Spread/Commission Structure: Floating spreads, no commission
- Leverage Options: Up to 1:30
- Key Features: Complies with Sharia law, no swap fees.
- Target User Profile: Muslim traders seeking compliance with Islamic finance principles
- Trading Instruments Available: Forex, commodities, indices
5. Demo Account
- Minimum Deposit Requirement: N/A (virtual funds)
- Spread/Commission Structure: Simulated market conditions
- Leverage Options: N/A
- Key Features: Allows practice trading without financial risk, ideal for testing strategies.
- Target User Profile: Beginners and traders testing new strategies
- Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies
Account Type Comparison Table
Recommended Account Types by Trader Level
- Beginner: Cent Account or Demo Account
- Intermediate: Standard Account
- Advanced: ECN Account
- Muslim Traders: Islamic Account
Part 2: real trade Account Features Comparison
Detailed real trade Account Features
Minimum Deposit
- Standard Account: $100
- ECN Account: $500
- Cent Account: $10
- Islamic Account: $100
- Demo Account: N/A
Maximum Leverage
- Standard Account: Up to 1:30
- ECN Account: Up to 1:100
- Cent Account: Up to 1:500
- Islamic Account: Up to 1:30
- Demo Account: N/A
Spreads (Typical/Minimum)
- Standard Account: Floating spreads
- ECN Account: From 0.0 pips
- Cent Account: Floating spreads
- Islamic Account: Floating spreads
- Demo Account: Simulated spreads
Commission Fees
- Standard Account: No commission
- ECN Account: Yes, based on trading volume
- Cent Account: No commission
- Islamic Account: No commission
- Demo Account: N/A
Lot Size
- Standard Account: Standard lots
- ECN Account: Standard and micro lots
- Cent Account: Micro lots
- Islamic Account: Standard lots
- Demo Account: Simulated lots
- Standard Account: MT4, MT5
- ECN Account: MT4, MT5
- Cent Account: MT4, MT5
- Islamic Account: MT4, MT5
- Demo Account: MT4, MT5
Execution Type
- Standard Account: Market execution
- ECN Account: ECN execution
- Cent Account: Market execution
- Islamic Account: Market execution
- Demo Account: Simulated execution
Islamic Account Availability
- Standard Account: Yes
- ECN Account: Yes
- Cent Account: Yes
- Islamic Account: Yes
- Demo Account: N/A
Swap-Free Options
- Standard Account: Yes
- ECN Account: Yes
- Cent Account: Yes
- Islamic Account: Yes
- Demo Account: N/A
Advantages of Each Account Type
- Standard Account: User-friendly, no commission, suitable for beginners.
- ECN Account: Tight spreads, direct market access, ideal for scalping.
- Cent Account: Low risk, perfect for practice.
- Islamic Account: Compliant with Sharia law, no swap fees.
- Demo Account: Risk-free practice, ideal for strategy testing.
Disadvantages of Each Account Type
- Standard Account: Higher spreads compared to ECN.
- ECN Account: Requires higher minimum deposit and may incur commissions.
- Cent Account: Limited trading instruments.
- Islamic Account: May have fewer features than standard accounts.
- Demo Account: No real financial stakes, which may not reflect real trading emotions.
Part 3: real trade Account Opening Requirements
real trade Account Registration Requirements
Eligibility Criteria
- Age Requirements: Minimum 18 years old.
- Geographic Restrictions: Varies by broker; check specific broker policies.
- Prohibited Countries: Specific countries may be restricted based on regulatory compliance.
Identity Verification Documents Needed
- Personal Identification: Government-issued ID (passport, drivers license).
- Proof of Residence: Utility bill, bank statement, or lease agreement.
Additional Documentation for Professional Accounts
- May require financial statements or proof of trading experience.
KYC/AML Compliance Procedures
- Brokers will conduct Know Your Customer (KYC) checks to verify identity and prevent fraud.
- Anti-Money Laundering (AML) checks may also be implemented.
Verification Time Frames
- Typically, account verification can take between 24 to 48 hours, depending on the broker.
Part 4: real trade Account Opening Process
Step-by-Step real trade Account Opening Guide
- Visit Website and Click Registration: Go to the broker's official website and find the registration option.
- Personal Information Entry: Fill in your personal details, including name, email, and phone number.
- Choose Account Type: Select the type of account you wish to open (Standard, ECN, Cent, Islamic).
- Set Trading Preferences: Indicate your trading preferences, including leverage and base currency.
- Document Upload: Upload required identification and proof of residence documents.
- Account Verification: Wait for the broker to verify your documents.
- Fund Your Account: Once verified, deposit funds into your trading account.
- Start Trading: Access the trading platform and begin trading.
Desktop vs Mobile Registration Differences
- Desktop registration typically provides a more comprehensive view of options, while mobile registration may streamline the process for quick access.
Common Registration Issues and Solutions
-
Issue: Document verification delays.
Solution: Ensure all documents are clear and match the information provided.
Issue: Incorrect personal information.
Solution: Double-check entries before submission.
Average Account Approval Time
- Most brokers process account approvals within 24 to 48 hours.
How to Upgrade/Downgrade Account Types
- Contact customer support for specific instructions on changing account types.
real trade Demo Account Guide
Demo Account Features and Benefits
- Provides a risk-free environment to practice trading strategies.
- Allows users to familiarize themselves with the trading platform.
How to Open a Demo Account
- Visit the broker's website, select the demo account option, and fill out the registration form.
Demo Account Limitations
- Limited to virtual funds; does not reflect emotional trading experiences.
Virtual Balance Amount
- Typically, demo accounts offer a virtual balance ranging from $10,000 to $100,000.
Demo vs Live Account Differences
- Demo accounts use virtual money, while live accounts involve real capital and emotional stakes.
Duration/Expiry of Demo Accounts
- Demo accounts may be valid for a limited time, often 30 days, but some brokers offer unlimited demo access.
Part 6: real trade Islamic Account Details
real trade Islamic Account Details
Swap-Free/Islamic Account Availability
- Available for all major account types (Standard, ECN, Cent).
Eligibility Requirements
- Must be a practicing Muslim to qualify for an Islamic account.
Differences from Standard Accounts
- Islamic accounts do not incur swap fees, aligning with Sharia law.
How to Apply for Islamic Account
- Select the Islamic account option during the registration process or contact customer support.
Restrictions or Special Conditions
- May require additional documentation to verify eligibility.
FAQs – real trade Account Types & Opening
- What account types does real trade offer?
- real trade offers Standard, ECN, Cent, Islamic, and Demo accounts.
- What is the minimum deposit for each account type?
- Standard: $100, ECN: $500, Cent: $10, Islamic: $100, Demo: N/A.
- How long does real trade account verification take?
- Verification typically takes 24 to 48 hours.
- Does real trade offer demo accounts?
- Yes, real trade provides demo accounts for practice trading.
- Can I have multiple account types with real trade?
- Yes, traders can open multiple account types as per their needs.
- Does real trade offer Islamic/swap-free accounts?
- Yes, Islamic accounts are available for traders who require them.
- What documents do I need to open a real trade account?
- A government-issued ID and proof of residence are required.
- Can I change my account type after registration?
- Yes, you can upgrade or downgrade your account type by contacting customer support.
Real Trade accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .