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Rating Index

Pros

Offers access to a variety of financial instruments, including forex, CFDs, commodities, and indices.
Relatively established in the market since 1986, providing a degree of experience.
Execution speed and spread ratings are decent, indicating efficient trading conditions.

Cons

Not properly regulated, which raises concerns about the safety of client funds and overall trustworthiness.
Does not support popular trading platforms like MetaTrader 4 or MetaTrader 5, limiting trading options for users.
Lacks client insurance, which could leave traders vulnerable in case of broker insolvency or other issues.

RR broker Accounts

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

rr Account Types Explained

In the realm of forex trading, selecting the right account type is crucial for optimizing your trading strategy. Heres a comprehensive overview of the various rr account types available:

1. Standard Account

  • Minimum Deposit Requirement: $100
  • Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
  • Leverage Options: Up to 1:500.
  • Key Features: Ideal for beginners; access to a wide range of trading instruments.
  • Target User Profile: Beginners and casual traders.
  • Trading Instruments Available: Forex pairs, commodities, indices.

2. ECN Account

  • Minimum Deposit Requirement: $500
  • Spread/Commission Structure: Raw spreads starting from 0.1 pips; commission of $3 per lot.
  • Leverage Options: Up to 1:200.
  • Key Features: Direct market access; lower spreads; suitable for high-frequency trading.
  • Target User Profile: Advanced traders and scalpers.
  • Trading Instruments Available: Forex pairs, commodities, cryptocurrencies.

3. Pro Account

  • Minimum Deposit Requirement: $1,000
  • Spread/Commission Structure: Spreads from 0.5 pips; commission of $2 per lot.
  • Leverage Options: Up to 1:300.
  • Key Features: Enhanced trading conditions; priority customer support.
  • Target User Profile: Professional traders and institutions.
  • Trading Instruments Available: Forex pairs, commodities, indices, and stocks.

4. Islamic Account

  • Minimum Deposit Requirement: $500
  • Spread/Commission Structure: Similar to Standard or ECN accounts, but swap-free.
  • Leverage Options: Up to 1:200.
  • Key Features: Complies with Sharia law; no interest fees.
  • Target User Profile: Muslim traders seeking compliant trading options.
  • Trading Instruments Available: Forex pairs, commodities, indices.

5. Demo Account

  • Minimum Deposit Requirement: N/A (virtual funds).
  • Spread/Commission Structure: Simulated market conditions.
  • Leverage Options: Up to 1:500.
  • Key Features: Practice trading without risk; access to all trading tools.
  • Target User Profile: Beginners and traders testing strategies.
  • Trading Instruments Available: Same as live accounts.

Account Type Comparison Table

Account Type Minimum Deposit Spread (Typical) Commission Leverage Target User Profile
Standard $100 From 1.0 pips None 1:500 Beginners
ECN $500 From 0.1 pips $3/lot 1:200 Advanced traders
Pro $1,000 From 0.5 pips $2/lot 1:300 Professional traders
Islamic $500 Similar to Standard/ECN None 1:200 Muslim traders
Demo N/A Simulated N/A 1:500 All traders

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

Detailed rr Account Features

Comparison of Features Across Different Account Types

Feature Standard Account ECN Account Pro Account Islamic Account Demo Account
Minimum Deposit $100 $500 $1,000 $500 N/A
Maximum Leverage 1:500 1:200 1:300 1:200 1:500
Spreads (Typical) From 1.0 pips From 0.1 pips From 0.5 pips Similar to Standard/ECN Simulated
Commission Fees None $3/lot $2/lot None N/A
Lot Size Standard Micro, Mini, Standard Standard Standard N/A
Available Trading Platforms MT4, MT5 MT4, MT5 MT4, MT5 MT4, MT5 MT4, MT5
Execution Type Market ECN Market Market Simulated
Islamic Account Availability No No No Yes N/A
Swap-Free Options No No No Yes N/A
Demo Account Features No No No No Yes

Advantages of Each Account Type

  • Standard Account: Easy to use, no commission fees, and suitable for beginners.
  • ECN Account: Lower spreads, direct market access, and ideal for scalping.
  • Pro Account: Enhanced trading conditions, lower commissions, and priority support.
  • Islamic Account: Complies with Islamic finance principles, no interest fees.
  • Demo Account: Risk-free trading environment, practice strategies, and test platforms.

Disadvantages of Each Account Type

  • Standard Account: Higher spreads compared to ECN accounts.
  • ECN Account: Requires a higher minimum deposit and charges commissions.
  • Pro Account: Higher minimum deposit and may not be suitable for all traders.
  • Islamic Account: Limited availability and may have higher spreads.
  • Demo Account: No real profits, and may not reflect live market conditions accurately.

rr Account Registration Requirements

Eligibility Criteria

  • Age Requirements: Must be at least 18 years old.
  • Geographic Restrictions: Available to residents of most countries, but some regions may be restricted.
  • Prohibited Countries: Specific countries may be prohibited due to regulatory issues (details not provided).
  • Identity Verification Documents Needed: Government-issued ID (passport or driver's license).
  • Proof of Residence Requirements: Utility bill or bank statement showing your name and address.
  • Additional Documentation for Professional Accounts: Proof of trading experience or financial background may be required.

KYC/AML Compliance Procedures

  • All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks to ensure compliance with regulatory standards.

Verification Time Frames

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

Step-by-Step rr Account Opening Guide

Detailed Step-by-Step Registration Process

  1. Visit Website and Click Registration: Go to the rr trading platform and select the registration option.
  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: Indicate your trading preferences, including leverage and trading instruments.
  5. Document Upload: Upload the 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 your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

  • The registration process is generally similar on both desktop and mobile platforms, but mobile users may experience a more streamlined interface.

Common Registration Issues and Solutions

  • Issue: Document upload failures.

    Solution: Ensure documents are clear and in the correct format (PDF, JPEG).

  • Issue: Verification delays.

    Solution: Contact customer support for assistance.

Average Account Approval Time

  • Most accounts are approved within 1-3 business days, depending on the completeness of the application.

How to Upgrade/Downgrade Account Types

  • Users can typically request an upgrade or downgrade through their account settings or by contacting customer support.

rr Demo Account Guide

Demo Account Features and Benefits

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

How to Open a Demo Account

  • Visit the rr trading platform and select the demo account option.
  • Fill in the required personal information and preferences.
  • Start trading with virtual funds.

Demo Account Limitations

  • Limited to virtual funds; no real profits can be made.
  • May not reflect live market conditions accurately.

Virtual Balance Amount

  • Typically, demo accounts are funded with a virtual balance of $10,000 or more.

Demo vs Live Account Differences

  • Demo accounts use virtual funds, while live accounts involve real money and actual trading conditions.

Duration/Expiry of Demo Accounts

  • Demo accounts may remain active for a limited period (usually 30-90 days) unless extended.

rr Islamic Account Details

Swap-Free/Islamic Account Availability

  • Islamic accounts are available for traders who require compliance with Sharia law.

Eligibility Requirements

  • Must be a practicing Muslim and provide relevant documentation if required.

Differences from Standard Accounts

  • Islamic accounts do not incur swap fees, making them compliant with Islamic finance principles.

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 specific trading conditions, such as limited trading instruments or higher spreads.

FAQs – rr Account Types & Opening

  1. What account types does rr offer?
  • rr 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: N/A.
  1. How long does rr account verification take?
  • Verification typically takes 1-3 business days.
  1. Does rr offer demo accounts?
  • Yes, rr provides demo accounts for practice trading.
  1. Can I have multiple account types with rr?
  • Yes, users can open multiple account types as needed.
  1. Does rr offer Islamic/swap-free accounts?
  • Yes, Islamic accounts are available for compliant trading.
  1. What documents do I need to open a rr account?
  • A government-issued ID and proof of residence are required.
  1. Can I change my account type after registration?
  • Yes, account type changes can be requested through customer support.

RR accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
RR Account