roi trade offers several account types tailored to different trading needs and preferences. Below is a detailed overview of each account type:
| Account Type | Minimum Deposit | Spread/Commission Structure | Leverage Options | Key Features | Target User Profile | Trading Instruments Available |
|---|---|---|---|---|---|---|
| Standard Account | $100 | Variable spreads starting from 1.5 pips | Up to 1:500 | Basic trading features, suitable for beginners | Beginner traders | Forex, CFDs, commodities |
| ECN Account | $500 | Low spreads from 0.1 pips + commission | Up to 1:200 | Direct market access, faster execution | Advanced traders | Forex, commodities, indices |
| Pro Account | $1,000 | Fixed spreads from 1.2 pips | Up to 1:100 | Advanced tools and analytics | Professional traders | Forex, stocks, ETFs |
| Islamic Account | $100 | Similar to Standard Account | Up to 1:500 | Swap-free trading options | Muslim traders | Forex, CFDs |
| Demo Account | N/A | N/A | N/A | Practice trading without risk | All levels | Forex, CFDs, commodities |
When comparing the features across different roi trade account types, the following aspects are crucial:
| Feature | Standard Account | ECN Account | Pro Account | Islamic Account | Demo Account |
|---|---|---|---|---|---|
| Minimum Deposit | $100 | $500 | $1,000 | $100 | N/A |
| Maximum Leverage | 1:500 | 1:200 | 1:100 | 1:500 | N/A |
| Spreads | From 1.5 pips | From 0.1 pips + commission | From 1.2 pips | Similar to Standard | N/A |
| Commission Fees | None | Yes (variable) | None | None | N/A |
| Lot Size | Standard | Micro, Mini, Standard | Standard | Standard | N/A |
| Trading Platforms | MT4, MT5 | MT4, MT5 | Proprietary | MT4, MT5 | MT4, MT5 |
| Execution Type | Market | ECN | Market | Market | N/A |
| Islamic Account Availability | No | No | No | Yes | No |
| Swap-Free Options | No | No | No | Yes | No |
| Demo Account Features | No | No | No | No | Yes |
| Advantages | - Low entry barrier- User-friendly- Suitable for beginners | - Tight spreads- Fast execution- Direct market access | - Advanced tools- Fixed spreads- Suitable for professionals | - Complies with Islamic law- No swap fees | - Risk-free trading- Practice strategies- Unlimited duration |
| Disadvantages | - Higher spreads- Limited features | - Requires higher deposit- Commission fees apply | - High minimum deposit- Limited leverage | - Limited trading options- Not suitable for all traders | - No real profits- Limited to virtual funds |
To open an account with roi trade, the following eligibility criteria and documentation are required:
Eligibility Criteria:
Age Requirements: Must be at least 18 years old.
Geographic Restrictions: Availability may vary by country; check specific regulations.
Prohibited Countries: Countries under sanctions or restrictions may not be eligible.
Identity Verification Documents Needed:
Government-issued ID (passport, national ID card)
Proof of residence (utility bill, bank statement)
Additional Documentation for Professional Accounts:
Proof of trading experience
Financial statements
KYC/AML Compliance Procedures:
Completion of Know Your Customer (KYC) forms
Anti-Money Laundering (AML) checks
Verification Time Frames:
Typically takes 1-3 business days, depending on the completeness of submitted documents.
To successfully open an account with roi trade, follow these steps:
Demo Account Features and Benefits:
Allows users to practice trading strategies without financial risk.
Access to real market conditions with virtual funds.
How to Open a Demo Account:
Visit the roi trade website and select the demo account option.
Complete the registration form and receive access credentials.
Demo Account Limitations:
Limited to virtual funds; cannot withdraw profits.
May have a time limit on usage.
Virtual Balance Amount: Typically offers a virtual balance of $10,000 or more.
Demo vs Live Account Differences:
Live accounts involve real money and trading risks, while demo accounts are risk-free.
Duration/Expiry of Demo Accounts: Demo accounts may remain active for a specified period, often up to 30 days, unless extended.
Explore broker markets account types: forex/trading accounts with demo access.