Repower broker Accounts

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

Part 1: repower Account Types Overview

repower Account Types Explained

repower offers several account types tailored to different trading needs and expertise levels. Below is an overview of the 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: 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: Low spreads starting from 0.1 pips + commission
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads
• Target User Profile: Intermediate to advanced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads starting from 1 pip
• Leverage Options: Up to 1:100
• Key Features: Advanced trading tools, priority support
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, stocks

1. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts
• Leverage Options: Up to 1:200
• Key Features: Swap-free trading options
• Target User Profile: Traders seeking Sharia-compliant accounts
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically $10,000)
• Spread/Commission Structure: Same as the Standard account
• Leverage Options: Same as the Standard account
• Key Features: Practice trading without risk
• Target User Profile: Beginners and those testing strategies
• Trading Instruments Available: Same as live accounts

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: repower Account Features Comparison

Detailed repower Account Features

When comparing the features of different repower account types, consider the following aspects:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $500

• Demo: Virtual balance

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:100

• Islamic: 1:200

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.1 pips + commission

• Pro: From 1 pip

• Islamic: Similar to Standard or ECN

• Commission Fees:

• Standard: None

• ECN: Yes, based on trading volume

• Pro: Fixed commission

• Islamic: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Standard

• Islamic: Micro, Mini, Standard

• Available Trading Platforms:

• All account types support MT4 and MT5.

• Execution Type:

• Standard: Market execution

• ECN: ECN execution

• Pro: Market execution

• Islamic: Market execution

• Islamic Account Availability:

• Yes, available for Standard, ECN, and Pro accounts.

• Swap-Free Options:

• Available for Islamic accounts.

• Demo Account Features:

• Virtual balance, access to all trading instruments, and features similar to live accounts.

Advantages of Each Account Type

• Standard Account:

• Easy to use for beginners

• Low minimum deposit

• Access to a wide range of instruments

• ECN Account:

• Lower spreads and commissions

• Direct market access

• Suitable for high-frequency trading

• Pro Account:

• Advanced trading tools

• Fixed spreads for better predictability

• Priority customer support

• Islamic Account:

• Complies with Sharia law

• No swap fees

• Similar features to other accounts

• Demo Account:

• Risk-free trading environment

• Practice strategies without financial risk

• Access to all trading features

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees can add up

• Pro Account:

• Higher minimum deposit

• May not be suitable for casual traders

• Islamic Account:

• Limited availability of certain features

• May require additional documentation

• Demo Account:

• No real profits can be made

• Limited duration for practice

Part 3: repower Account Opening Requirements

repower Account Registration Requirements

Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries, but specific restrictions may apply.
• Prohibited Countries: Not specified in the provided sources.
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license)
• Proof of residence (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.

KYC/AML Compliance Procedures

• All users must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks during the registration process.

Verification Time Frames

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

Part 4: repower Account Opening Process

Step-by-Step repower Account Opening Guide

1. Visit Website and Click Registration: Go to the repower website and click on the registration button.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the account type that best suits your trading needs.
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the account verification process to complete.
7. Fund Your Account: Deposit funds into your account to start trading.
8. 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, but mobile users may find the interface more streamlined.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are in the correct format and within size limits.
• Issue: Account verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• The average account approval time is between 1-3 business days.

How to Upgrade/Downgrade Account Types

• Users can request to upgrade or downgrade their account type through the account settings or by contacting customer support.

Part 5: repower Demo Account Information

repower Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading.
• 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

• Visit the repower website and select the option to open a demo account.
• Fill in the required information and create your demo account.

Demo Account Limitations

• Limited duration, typically available for 30 days.
• Virtual balance cannot be withdrawn.

Virtual Balance Amount

• Standard virtual balance is usually set at $10,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.
• Live accounts incur real trading costs (spreads and commissions).

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days of inactivity.

Part 6: repower Islamic Account Details

repower Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, Islamic accounts are available for Standard, ECN, and Pro accounts.
• Eligibility Requirements: Must provide documentation confirming the need for a swap-free account.
• Differences from Standard Accounts: Islamic accounts do not incur swap fees, and other trading conditions may be similar.
• How to Apply for Islamic Account: Select the Islamic account option during the registration process and provide necessary documentation.
• Restrictions or Special Conditions: Must comply with Sharia law; trading conditions may vary slightly.

FAQs – repower Account Types & Opening

1. What account types does repower offer？

• repower 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: $500, Demo: Virtual balance.

1. How long does repower account verification take？

• Verification typically takes 1-3 business days.

1. Does repower offer demo accounts？

• Yes, repower offers demo accounts for practice trading.

1. Can I have multiple account types with repower？

• Yes, users can hold multiple account types.

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

• Yes, Islamic accounts are available.

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

• Government-issued 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.