Red Arc broker Accounts

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

Part 1: red arc Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:500
• Key Features: Basic trading tools, access to major currency pairs, and standard execution.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, and indices.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips plus a commission of $3 per lot.
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, and cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads starting from 1.0 pip.
• Leverage Options: Up to 1:300
• Key Features: Advanced trading tools, priority support, and higher leverage options.
• Target User Profile: Professional traders and institutional clients.
• Trading Instruments Available: Forex, commodities, indices, and stocks.

1. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, depending on the type chosen.
• Leverage Options: Up to 1:200
• Key Features: Swap-free trading in compliance with Sharia law.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex and commodities.

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Similar to live accounts.
• Leverage Options: Up to 1:500
• Key Features: Practice trading without risk, access to all trading instruments.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: red arc Account Features Comparison

Detailed red arc Account Features

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• Ideal for beginners.

• ECN Account:

• Tight spreads and direct market access.

• Suitable for scalping and high-frequency trading.

• Transparency in pricing.

• Pro Account:

• Advanced trading tools and features.

• Higher leverage options.

• Priority customer support.

• Islamic Account:

• Compliance with Sharia law.

• No swap fees.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Access to all trading instruments.

• Ideal for strategy testing.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit requirement.

• Commission fees apply.

• Pro Account:

• Higher minimum deposit.

• Not suitable for casual traders.

• Islamic Account:

• Limited availability of trading instruments.

• Similar minimum deposit to ECN.

• Demo Account:

• No real profits or losses.

• Limited duration for practice.

Part 3: red arc Account Registration Requirements

red arc Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Not available in certain countries (specific countries not listed).
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.

Identity Verification Documents Needed

• Government-issued photo ID (passport, driver's license).
• Proof of residence (utility bill, bank statement).

Additional Documentation for Professional Accounts

• Financial statements or proof of income may be required.

KYC/AML Compliance Procedures

• All clients must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.

Verification Time Frames

• Account verification typically takes 1-3 business days.

Part 4: red arc Account Opening Process

Step-by-Step red arc Account Opening Guide

1. Visit Website and Click Registration: Navigate to the red arc website and select the registration option.
2. Personal Information Entry: Fill out the required personal details, including name, email, and phone number.
3. Choose Account Type: Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Indicate trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the necessary identity verification documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit funds into your new account using available payment methods.
8. Start Trading: Access your trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, though the mobile interface may have simplified steps.

Common Registration Issues and Solutions

• Issue: Document upload failure.

• Solution: Ensure documents are clear and in the correct format.

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of your account type.

Part 5: red arc Demo Account Information

red arc Demo Account Guide

Demo Account Features and Benefits

• Allows practice trading without financial risk.
• Access to all trading instruments available in live accounts.
• Ideal for testing strategies and familiarizing with the trading platform.

How to Open a Demo Account

• Select the demo account option during the registration process and follow the prompts.

Demo Account Limitations

• Limited duration (typically 30 days).
• Virtual funds are not real and cannot be withdrawn.

Virtual Balance Amount

• Demo accounts usually 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.
• Demo accounts may have limited features compared to live accounts.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days of inactivity.

Part 6: red arc Islamic Account Details

red arc Islamic Account Details

Swap-Free/Islamic Account Availability

• Yes, red arc offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Must provide documentation confirming the need for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur 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 similar minimum deposit requirements as ECN accounts.

FAQs – red arc Account Types & Opening

1. What account types does red arc offer？

• 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 red arc account verification take？

• Typically 1-3 business days.

1. Does red arc offer demo accounts？

• Yes, red arc provides demo accounts for practice trading.

1. Can I have multiple account types with red arc？

• Yes, you can open multiple accounts of different types.

1. Does red arc offer Islamic/swap-free accounts？

• Yes, red arc offers Islamic accounts that comply with Sharia law.

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

• A government-issued photo ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.