When considering forex trading, understanding the different rt account types is crucial for selecting the right one for your trading style and objectives. Below are the primary account types offered by rt:
| Account Type | Minimum Deposit | Spread (pips) | Leverage | Key Features | Target User Profile |
|---|---|---|---|---|---|
| Standard | $100 | From 1.0 | Up to 1:500 | Beginner-friendly | Beginners |
| ECN | $500 | From 0.0 + commission | Up to 1:200 | Direct market access | Advanced traders |
| Pro | $1,000 | Competitive | Up to 1:300 | Advanced trading tools | Institutional traders |
| Islamic | $100 | Similar to Standard | Up to 1:500 | Swap-free options | Muslim traders |
| Demo | Virtual funds | Same as Standard | Up to 1:500 | Risk-free trading | All traders |
When comparing the features of the rt account types, several factors come into play:
Minimum Deposit:
Standard: $100
ECN: $500
Pro: $1,000
Islamic: $100
Demo: Virtual funds
Maximum Leverage:
Standard: Up to 1:500
ECN: Up to 1:200
Pro: Up to 1:300
Islamic: Up to 1:500
Demo: Up to 1:500
Spreads (Typical/Minimum):
Standard: From 1.0 pips
ECN: From 0.0 pips
Pro: Competitive
Islamic: Similar to Standard
Demo: Same as Standard
Commission Fees:
Standard: None
ECN: Yes, based on volume
Pro: Lower than ECN
Islamic: None
Demo: None
Lot Size:
Standard: Micro, Mini, Standard
ECN: Micro, Mini, Standard
Pro: 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: Yes
Demo: No
Swap-Free Options:
Standard: Yes
ECN: Yes
Pro: Yes
Islamic: Yes
Demo: N/A
Demo Account Features:
Virtual balance, access to all trading instruments, and no time limit for practice.
Standard Account:
Easy to open and manage
Suitable for beginners
Access to a variety of instruments
ECN Account:
Lower spreads
Direct market access
Faster execution speeds
Pro Account:
Advanced trading tools
Lower commission fees
Tailored for professional needs
Islamic Account:
Complies with Islamic law
No swap fees
Suitable for Muslim traders
Demo Account:
Risk-free environment
Practice without financial commitment
Access to all trading features
Standard Account:
Higher spreads compared to ECN
Limited advanced features
ECN Account:
Requires a higher minimum deposit
Commission fees may apply
Pro Account:
Higher minimum deposit
May not be suitable for casual traders
Islamic Account:
Limited to swap-free trading
May have restrictions on certain trading strategies
Demo Account:
No real money trading
Limited to virtual funds
To open an rt account, traders must meet specific eligibility criteria:
Eligibility Criteria:
Age Requirements: Must be at least 18 years old.
Geographic Restrictions: Available in most countries, but may be restricted in certain regions.
Prohibited Countries: Specific countries may be restricted due to regulatory compliance.
Identity Verification Documents Needed:
Government-issued ID (passport or drivers license)
Proof of address (utility bill or bank statement)
Proof of Residence Requirements:
Recent documents showing your name and address.
Additional Documentation for Professional Accounts:
Financial statements or proof of trading experience may be required for professional accounts.
KYC/AML Compliance Procedures:
All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
Verification Time Frames:
Typically, account verification takes 1-3 business days.
Opening an rt account involves several straightforward steps:
Issue: Document upload failure
Solution: Ensure documents are clear and in the correct format.
Issue: Account verification delays
Solution: Contact customer support for assistance.
The rt demo account offers a risk-free environment for traders to practice:
Demo Account Features and Benefits:
Access to all trading instruments
Ability to practice strategies without financial risk
Virtual funds typically around $10,000
How to Open a Demo Account:
Visit the rt website and select the demo account option.
Fill in the required information and submit.
Demo Account Limitations:
Limited to virtual trading; no real money involved.
Virtual Balance Amount:
Typically set at $10,000, but may vary by broker.
Demo vs Live Account Differences:
Demo accounts use virtual funds, while live accounts involve real money trading.
Duration/Expiry of Demo Accounts:
Demo accounts may have a time limit or remain active until the virtual funds are exhausted.
The rt Islamic account is designed for traders who require swap-free trading:
Swap-Free/Islamic Account Availability:
Available for all account types, including Standard and ECN.
Eligibility Requirements:
Must declare the need for an Islamic account during registration.
Differences from Standard Accounts:
No swap fees applied to overnight positions.
How to Apply for Islamic Account:
Select the Islamic account option during the registration process.
Restrictions or Special Conditions:
Must comply with Islamic trading principles.
Explore broker markets account types: forex/trading accounts with demo access.