RMD broker Accounts

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

Part 1: rmd Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips, no commission.
• 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 Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips, commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, faster execution.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, cryptocurrencies, commodities.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads starting from 1.0 pip, commission of $2 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Advanced trading tools, dedicated account manager.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, indices, ETFs.

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Swap-free trading, compliant with Sharia law.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities.

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• 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 and those looking to test strategies.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: rmd Account Features Comparison

Detailed rmd Account Features

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.0 pips

• Pro: From 1.0 pip

• Islamic: From 1.5 pips

• Demo: From 1.5 pips

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• 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:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: N/A

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: N/A

• Demo Account Features:

• Virtual balance of $100,000

• Access to all trading instruments

• 30-day duration

Advantages of Each Account Type

• Standard Account:

• User-friendly interface

• No commission fees

• High leverage options

• ECN Account:

• Tight spreads

• Fast execution speeds

• Transparency in pricing

• Pro Account:

• Advanced trading tools

• Lower commission fees

• Dedicated support

• Islamic Account:

• Compliance with Sharia law

• No swap fees

• Flexible trading options

• Demo Account:

• Risk-free trading environment

• Ability to practice strategies

• Access to all features of live accounts

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Requires a higher minimum deposit

• Commission fees may add up

• Pro Account:

• Higher minimum deposit requirement

• Not suitable for casual traders

• Islamic Account:

• Limited to Muslim traders

• May have fewer features than standard accounts

• Demo Account:

• Limited duration

• No real profit potential

Part 3: rmd Account Registration Requirements

rmd Account Registration Requirements

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.

• Geographic Restrictions: Available in most countries; check specific restrictions.

• Prohibited Countries: Countries under sanctions or with restrictions on trading.

• Identity Verification Documents Needed:

• Government-issued ID (passport or driver's license).

• Social Security number or equivalent.

• Proof of Residence Requirements:

• Recent utility bill or bank statement with your name and address.

• Additional Documentation for Professional Accounts:

• Proof of trading experience or financial background.

• KYC/AML Compliance Procedures:

• Complete identity verification through document submission.

• Compliance with anti-money laundering regulations.

• Verification Time Frames:

• Typically within 1-3 business days, depending on the volume of applications.

Part 4: rmd Account Opening Process

Step-by-Step rmd Account Opening Guide

1. Visit Website and Click Registration: Go to the rmd website and select the registration option.
2. Personal Information Entry: Fill out personal details including name, email, and phone number.
3. Choose Account Type: Select the desired account type based on your trading needs.
4. Set Trading Preferences: Specify leverage, trading instruments, and other preferences.
5. Document Upload: Submit required identity verification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once verified and funded, you can begin trading.

Desktop vs Mobile Registration Differences

• Desktop: Full registration process with all features available.
• Mobile: Streamlined process; may have limited features.

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

• Generally takes 1-3 business days for standard accounts.

How to Upgrade/Downgrade Account Types

• Log into your account, navigate to account settings, and select the option to upgrade or downgrade. Follow the prompts to complete the process.

Part 5: rmd Demo Account Information

rmd Demo Account Guide

• Demo Account Features and Benefits:

• Access to all trading instruments.

• Practice trading strategies without financial risk.

• Virtual balance of $100,000.

• How to Open a Demo Account:

• Visit the rmd website and select the demo account option.

• Fill out the registration form and submit.

• Demo Account Limitations:

• Limited to a 30-day duration.

• No real trading profits.

• Virtual Balance Amount:

• Typically $100,000 for practice trading.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds; live accounts use real money.

• Live accounts incur real trading risks and potential profits/losses.

• Duration/Expiry of Demo Accounts:

• Demo accounts typically expire after 30 days of inactivity.

Part 6: rmd Islamic Account Details

rmd Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Available for all account types (Standard, ECN, Pro).

• Eligibility Requirements:

• Must be a practicing Muslim.

• Differences from Standard Accounts:

• No swap fees applied to overnight positions.

• Compliant with Sharia law.

• How to Apply for Islamic Account:

• Select the Islamic account option during registration or contact support.

• Restrictions or Special Conditions:

• Must provide proof of eligibility as a practicing Muslim.

FAQs – rmd Account Types & Opening

1. What account types does rmd offer？

• rmd 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: N/A.

1. How long does rmd account verification take？

• Verification typically takes 1-3 business days.

1. Does rmd offer demo accounts？

• Yes, rmd offers demo accounts for practice trading.

1. Can I have multiple account types with rmd？

• Yes, you can open multiple account types.

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

• Yes, Islamic accounts are available for all account types.

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

• A government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can upgrade or downgrade your account type through your account settings.