RSWM broker Accounts

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

Part 1: RSWM Account Types Overview

RSWM Account Types Explained

RSWM offers several account types tailored to different trading needs and experience levels. Below are the 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 platform, suitable for beginners
• Target User Profile: Beginners
• 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, lower spreads
• Target User Profile: Experienced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 1.0 pip, commission of $2 per lot
• Leverage Options: Up to 1:300
• 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: $100
• Spread/Commission Structure: Similar to Standard Account, no swap fees
• Leverage Options: Up to 1:500
• Key Features: Complies with Sharia law, no interest charges
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

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

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: RSWM Account Features Comparison

Detailed RSWM Account Features

When comparing features across different RSWM account types, consider the following:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.0 pips

• Pro: From 1.0 pip

• Islamic: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Micro, Mini, Standard

• Islamic: Micro, Mini, Standard

• Available Trading Platforms:

• All account types: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Islamic Account Availability:

• Available for Standard and Islamic accounts

• Swap-Free Options:

• Available for Islamic accounts

• Demo Account Features:

• Access to all trading instruments, virtual funds for practice

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly interface

• No commission fees

• ECN Account:

• Tight spreads

• Direct market access

• Suitable for high-frequency trading

• Pro Account:

• Advanced trading tools

• Lower commission fees

• Priority customer support

• Islamic Account:

• No swap fees

• Complies with Sharia law

• Accessible to all trading instruments

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 beginners

• Islamic Account:

• Limited to specific trading instruments

• May have restrictions on certain trading strategies

Part 3: RSWM Account Opening Requirements

RSWM Account Registration Requirements

To open an account with RSWM, you must meet the following eligibility criteria:

• Age Requirements: Must be at least 18 years old
• Geographic Restrictions: Available to residents of most countries; check specific restrictions
• Prohibited Countries: Countries under international sanctions may be restricted
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID)
• Proof of address (utility bill, bank statement)
• Proof of Residence Requirements: Recent documents showing your name and address
• Additional Documentation for Professional Accounts: May include financial statements or proof of trading experience

KYC/AML Compliance Procedures

• RSWM adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to provide necessary documentation for verification.

Verification Time Frames

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

Part 4: RSWM Account Opening Process

Step-by-Step RSWM Account Opening Guide

1. Visit Website and Click Registration: Go to the RSWM official website and click on the "Register" 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 identification and proof of residence documents.
6. Account Verification: Wait for the verification team to process your documents.
7. Fund Your Account: Once verified, deposit funds into your account using your preferred payment method.
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, with minor layout differences. Ensure you have a stable internet connection for a smooth experience.

Common Registration Issues and Solutions

• Issue: Document upload failure

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

• Issue: 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

• Contact customer support to request an upgrade or downgrade of your account type. Additional documentation may be required for certain account types.

Part 5: RSWM Demo Account Information

RSWM Demo Account Guide

• Demo Account Features and Benefits:

• Access to all trading instruments

• Practice trading strategies without risk

• Virtual funds typically amounting to $10,000

• How to Open a Demo Account:

• Visit the RSWM website and select the demo account option during registration.

• Demo Account Limitations:

• Limited to virtual funds; cannot withdraw or transfer funds.

• Virtual Balance Amount:

• Usually set at $10,000 for practice purposes.

• Demo vs Live Account Differences:

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

• Duration/Expiry of Demo Accounts:

• Demo accounts typically remain active for 30 days, after which they may expire unless extended.

Part 6: RSWM Islamic Account Details

RSWM Islamic Account Details

• Swap-Free/Islamic Account Availability:

• RSWM offers Islamic accounts that comply with Sharia law.

• Eligibility Requirements:

• Must be a Muslim trader seeking a swap-free trading environment.

• Differences from Standard Accounts:

• Islamic accounts do not incur swap fees for overnight positions.

• 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 restrictions to comply with Sharia law.

FAQs – RSWM Account Types & Opening

1. What account types does RSWM offer？

• RSWM 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 RSWM account verification take？

• Verification typically takes 1-3 business days.

1. Does RSWM offer demo accounts？

• Yes, RSWM offers demo accounts for practice trading.

1. Can I have multiple account types with RSWM？

• Yes, clients can hold multiple account types.

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

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

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

• A government-issued ID and proof of residence 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.