Redstar broker Accounts

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

Part 1: redstar Account Types Explained

Available Account Types

Redstar offers several account types tailored to different trading needs and preferences. Below is an overview of each account type:

1. Standard Account

• Minimum Deposit: $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 and casual traders
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit: $500
• Spread/Commission Structure: Variable spreads starting from 0.0 pips + commission
• Leverage Options: Up to 1:100
• Key Features: Direct market access, lower spreads
• Target User Profile: Advanced traders and scalpers
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Pro Account

• Minimum Deposit: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.1 pips + commission
• Leverage Options: Up to 1:200
• Key Features: Enhanced trading conditions, priority support
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Islamic Account

• Minimum Deposit: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: Swap-free trading in compliance with Islamic law
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit: Virtual funds (typically $10,000)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:500
• Key Features: Practice trading without risk, access to all trading instruments
• Target User Profile: Beginners wanting to practice and experienced traders testing strategies
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

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
• Practice: Demo Account

Part 2: Detailed redstar Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:100

• Pro: 1:200

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.0 pips

• Pro: From 0.1 pips

• Islamic: Similar to Standard

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: Yes (variable)

• Pro: Yes (variable)

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Micro, Mini, Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• All accounts: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability: Yes for Islamic Account only

• Swap-Free Options: Available for Islamic Account

• Demo Account Features:

• Virtual balance for practice

• Access to all trading instruments

• Duration typically unlimited until inactive

Advantages of Each Account Type

• Standard Account:

• Easy to use for beginners

• Low minimum deposit

• Access to various trading instruments

• ECN Account:

• Lower spreads for high-frequency trading

• Direct market access

• Suitable for scalping strategies

• Pro Account:

• Enhanced trading conditions

• Priority customer support

• Suitable for professional trading

• Islamic Account:

• Compliant with Islamic law

• No swap fees

• Suitable for Muslim traders

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced trading features

• ECN Account:

• Higher minimum deposit required

• Commission fees may apply

• Pro Account:

• High minimum deposit

• More complex for beginners

• Islamic Account:

• Limited to Muslim traders

• May have fewer features compared to Pro accounts

Part 3: redstar Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Registration may be restricted in certain countries.
• Prohibited Countries: Specific countries may be prohibited from registration; refer to the terms and conditions for details.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Must provide a document showing current residential address.
• Additional Documentation for Professional Accounts: May require additional financial documentation or proof of trading experience.

KYC/AML Compliance Procedures

• Redstar adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring users to verify their identity and source of funds.

Verification Time Frames

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

Part 4: Step-by-Step redstar Account Opening Guide

Registration Process

1. Visit Website: Go to the Redstar website.
2. Click Registration: Locate and click on the registration button.
3. Personal Information Entry: Fill in required personal details, including name, email, and phone number.
4. Choose Account Type: Select the desired account type from the options available.
5. Set Trading Preferences: Specify trading preferences, including leverage and trading instruments.
6. Document Upload: Upload necessary identification and proof of residence documents.
7. Account Verification: Wait for the account to be verified by Redstar.
8. Fund Your Account: Deposit funds into your account to start trading.
9. Start Trading: Access the 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 fewer fields visible at once.

Common Registration Issues and Solutions

• Issue: Registration from a prohibited country.
• Solution: Check the terms for prohibited countries and ensure compliance.
• Issue: Document upload errors.
• Solution: Ensure documents are clear and meet the required specifications.

Average Account Approval Time

• Account approval typically takes 1-3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of the account type, providing any necessary documentation if required.

Part 5: redstar Demo Account Guide

Demo Account Features and Benefits

• Allows traders to practice 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

• Follow the same registration process as for a live account, selecting the demo account option.

Demo Account Limitations

• Limited to virtual funds; no real money can be withdrawn.
• May have a time limit or expire after a period of inactivity.

Virtual Balance Amount

• Typically set at $10,000 in virtual funds for practice.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Live accounts may have additional features and trading conditions.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active until they are inactive for a certain period, often 30 days.

Part 6: redstar Islamic Account Details

Swap-Free/Islamic Account Availability

• Redstar offers an Islamic account that is compliant with Islamic law, allowing for swap-free trading.

Eligibility Requirements

• Must be a Muslim trader to qualify for the Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for long-term positions.

How to Apply for Islamic Account

• During the registration process, select the Islamic account option or contact customer support for assistance.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions or limitations compared to standard accounts.

FAQs – redstar Account Types & Opening

1. What account types does redstar offer？

• Redstar 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: Virtual funds.

1. How long does redstar account verification take？

• Verification typically takes 1-3 business days.

1. Does redstar offer demo accounts？

• Yes, redstar offers demo accounts for practice trading.

1. Can I have multiple account types with redstar？

• Yes, traders can hold multiple account types as needed.

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

• Yes, redstar provides Islamic accounts that are swap-free.

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

• A government-issued ID and proof of address 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.