When considering the various real wealth account types, it's essential to understand the unique features and requirements of each. Below is a comprehensive overview of the available account types:
| Account Type | Minimum Deposit | Spread/Commission Structure | Leverage Options | Key Features | Target User Profile | Trading Instruments Available |
|---|---|---|---|---|---|---|
| Standard Account | $100 | Variable spread from 1.0 pips | Up to 1:500 | Basic trading features, access to all instruments | Beginners | Forex, commodities, indices |
| ECN Account | $500 | Low commission, tight spreads | Up to 1:200 | Direct market access, lower spreads | Advanced traders | Forex, commodities, indices |
| Pro Account | $1,000 | Fixed commission, spreads from 0.5 pips | Up to 1:100 | Professional trading tools, advanced analytics | Professional traders | Forex, commodities, indices, stocks |
| Islamic Account | $100 | Variable spread from 1.0 pips | Up to 1:500 | Swap-free trading | Muslim traders | Forex, commodities, indices |
| Demo Account | N/A | N/A | N/A | Practice trading without risk | All levels | Forex, commodities, indices |
When comparing the features of the real wealth account types, consider the following aspects:
Minimum Deposit:
Standard Account: $100
ECN Account: $500
Pro Account: $1,000
Islamic Account: $100
Maximum Leverage:
Standard Account: Up to 1:500
ECN Account: Up to 1:200
Pro Account: Up to 1:100
Islamic Account: Up to 1:500
Spreads (Typical/Minimum):
Standard Account: Variable from 1.0 pips
ECN Account: Low spreads, commission-based
Pro Account: Fixed from 0.5 pips
Islamic Account: Variable from 1.0 pips
Commission Fees:
Standard Account: None
ECN Account: Low commission
Pro Account: Fixed commission
Islamic Account: None
Lot Size:
Standard Account: Micro, Mini, Standard
ECN Account: Micro, Mini, Standard
Pro Account: Standard
Islamic Account: Micro, Mini, Standard
Available Trading Platforms:
All accounts: MT4, MT5
Execution Type:
Standard Account: Market
ECN Account: ECN
Pro Account: Instant
Islamic Account: Market
Islamic Account Availability:
Yes, for the Islamic Account.
Swap-Free Options:
Available for Islamic Account.
Demo Account Features:
Virtual trading environment, access to all instruments.
Standard Account:
Low minimum deposit
User-friendly interface
Access to all trading instruments
ECN Account:
Tight spreads
Direct market access
Ideal for high-frequency trading
Pro Account:
Advanced trading tools
Fixed low commissions
Suitable for professional traders
Islamic Account:
Compliance with Sharia law
No swap fees
Access to all trading instruments
Standard Account:
Higher spreads compared to ECN
Limited advanced features
ECN Account:
Higher minimum deposit
Commission fees may apply
Pro Account:
High minimum deposit
More complex for beginners
Islamic Account:
Limited to swap-free trading
May not be available in all regions
To open a real wealth account, you must meet the following eligibility criteria:
Age Requirements:
Must be at least 18 years old.
Geographic Restrictions:
Services may not be available in all countries.
Prohibited Countries:
Specific countries may be restricted from opening accounts.
Identity Verification Documents Needed:
Government-issued ID (passport or drivers license)
Proof of address (utility bill or bank statement)
Proof of Residence Requirements:
Recent documents showing your name and address.
Additional Documentation for Professional Accounts:
May require financial statements or proof of trading experience.
Demo Account Features and Benefits:
Practice trading without financial risk.
Access to all trading instruments.
Real-time market conditions.
How to Open a Demo Account:
Register on the website and select the demo account option.
Demo Account Limitations:
Limited duration (usually 30 days).
Virtual funds may not reflect real market conditions.
Virtual Balance Amount:
Typically provided with a set amount (e.g., $100,000).
Demo vs Live Account Differences:
Demo accounts use virtual funds; live accounts involve real money.
Duration/Expiry of Demo Accounts:
Demo accounts usually expire after 30 days of inactivity.
Swap-Free/Islamic Account Availability:
Yes, Islamic accounts are available for traders who require compliance with Sharia law.
Eligibility Requirements:
Must provide documentation confirming the need for an Islamic account.
Differences from Standard Accounts:
No swap fees applied to overnight positions.
How to Apply for Islamic Account:
Select the Islamic account option during registration and provide necessary documentation.
Restrictions or Special Conditions:
Must adhere to the principles of Islamic finance.
Explore broker markets account types: forex/trading accounts with demo access.