rta Account Types & Opening Guide 2025: Complete Comparison and Registration Steps
rta Account Types Explained
RTA offers various account types tailored to different trading needs. Below is a detailed overview of each account type, including their features and requirements.
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: Basic trading tools, access to all trading instruments.
- Target User Profile: Beginners and casual traders.
- Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.
2. ECN Account
- Minimum Deposit Requirement: $500
- Spread/Commission Structure: Tight spreads from 0.1 pips, commission of $3 per lot.
- Leverage Options: Up to 1:200.
- Key Features: Direct market access, faster execution speeds.
- Target User Profile: Experienced traders and scalpers.
- Trading Instruments Available: Forex, commodities, indices.
3. Pro Account
- Minimum Deposit Requirement: $1,000
- Spread/Commission Structure: Variable spreads starting from 0.5 pips, commission of $2 per lot.
- Leverage Options: Up to 1:300.
- Key Features: Advanced trading tools, priority customer support.
- Target User Profile: Professional traders and institutions.
- Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.
4. Islamic Account
- Minimum Deposit Requirement: $100
- Spread/Commission Structure: Similar to Standard Account, no swap fees.
- Leverage Options: Up to 1:500.
- Key Features: Compliant with Sharia law, no interest on overnight positions.
- Target User Profile: Muslim traders.
- Trading Instruments Available: Forex, commodities, indices.
5. Demo Account
- Minimum Deposit Requirement: Virtual balance of $10,000.
- 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 traders testing strategies.
- Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.
Account Type Comparison Table
Recommended Account Types by Trader Level
- Beginners: Standard Account, Demo Account
- Intermediate: ECN Account
- Advanced: Pro Account, Islamic Account
Detailed rta Account Features
Account Features Comparison
Advantages and Disadvantages of Each Account Type
Standard Account
- Advantages:
- Low minimum deposit.
- No commission fees.
- Suitable for beginners.
- Disadvantages:
- Higher spreads compared to ECN accounts.
ECN Account
- Advantages:
- Tight spreads.
- Fast execution speeds.
- Disadvantages:
- Higher minimum deposit and commission fees.
Pro Account
- Advantages:
- Advanced trading tools.
- Lower commission fees.
- Disadvantages:
- Higher minimum deposit required.
Islamic Account
- Advantages:
- Compliant with Sharia law.
- No swap fees.
- Disadvantages:
- Limited to Muslim traders.
Demo Account
- Advantages:
- Risk-free trading environment.
- Access to all trading instruments.
- Disadvantages:
- Limited to virtual trading; no real profits.
rta Account Registration Requirements
Eligibility Criteria
- Age Requirements: Must be at least 18 years old.
- Geographic Restrictions: Available to residents of most countries, but may be restricted in certain jurisdictions.
- Prohibited Countries: Specific countries may be restricted based on regulatory compliance.
- Identity Verification Documents Needed: Government-issued ID (passport or national ID).
- 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 status may be required.
KYC/AML Compliance Procedures
- RTA adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. All users must complete identity verification before trading.
Verification Time Frames
- Account verification typically takes 1-3 business days, depending on the completeness of the submitted documents.
Step-by-Step rta Account Opening Guide
Detailed Registration Process
- Visit Website and Click Registration: Go to the official RTA website.
- Personal Information Entry: Fill out your personal details including name, email, and phone number.
- Choose Account Type: Select the account type that best suits your trading needs.
- Set Trading Preferences: Specify your trading preferences and leverage.
- Document Upload: Upload required identity verification and proof of residence documents.
- Account Verification: Wait for the verification process to complete.
- Fund Your Account: Deposit funds into your account to start trading.
- 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, but the mobile app may offer a more streamlined experience.
Common Registration Issues and Solutions
-
Issue: Document upload failures.
Solution: Ensure documents are clear and in the correct format.
Issue: Delays in verification.
Solution: Contact customer support for assistance.
Average Account Approval Time
- Typically, account approval takes between 1-3 business days.
How to Upgrade/Downgrade Account Types
- Users can request to upgrade or downgrade their account type through the account management section on the RTA website.
rta Demo Account Guide
Demo Account Features and Benefits
- Features: Access to all trading instruments, practice trading strategies without risk.
- Benefits: Ideal for beginners to learn trading without financial risk.
How to Open a Demo Account
- Visit the RTA website, select "Open Demo Account," and follow the prompts to create an account.
Demo Account Limitations
- Virtual accounts cannot be used for real trading; they are for practice purposes only.
Virtual Balance Amount
- Demo accounts typically come with a virtual balance of $10,000.
Demo vs Live Account Differences
- Live accounts involve real money trading, while demo accounts are for practice with virtual funds.
Duration/Expiry of Demo Accounts
- Demo accounts usually remain active for 30 days, after which they may expire unless renewed.
rta Islamic Account Details
Swap-Free/Islamic Account Availability
- RTA offers Islamic accounts that comply with Sharia law, providing a swap-free trading environment.
Eligibility Requirements
- Must be a Muslim trader to qualify for an Islamic account.
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.
Restrictions or Special Conditions
- Islamic accounts may have specific trading conditions that differ from standard accounts.
FAQs – rta Account Types & Opening
- What account types does rta offer?
- RTA offers Standard, ECN, Pro, Islamic, and Demo accounts.
- What is the minimum deposit for each account type?
- Standard: $100, ECN: $500, Pro: $1,000, Islamic: $100, Demo: $0.
- How long does rta account verification take?
- Account verification typically takes 1-3 business days.
- Does rta offer demo accounts?
- Yes, RTA offers demo accounts for practice trading.
- Can I have multiple account types with rta?
- Yes, users can open multiple account types.
- Does rta offer Islamic/swap-free accounts?
- Yes, RTA provides Islamic accounts that are swap-free.
- What documents do I need to open a rta account?
- A government-issued ID and proof of residence are required.
- Can I change my account type after registration?
- Yes, you can request to upgrade or downgrade your account type through account management.
RTA accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .