RTE broker Accounts

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

rte Account Types Explained

RTÉ offers a variety of account types tailored to different trading needs and preferences. Below is a comprehensive overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: €100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
• Leverage Options: Up to 1:30 for retail clients.
• Key Features: User-friendly interface, access to basic trading tools.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: €500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of €5 per lot.
• Leverage Options: Up to 1:100.
• Key Features: Direct market access, lower spreads, faster execution.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: €1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; commission of €3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Advanced trading tools, dedicated account manager.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and more.

4. Islamic Account

• Minimum Deposit Requirement: €500
• Spread/Commission Structure: Similar to Standard or ECN accounts, depending on the chosen type.
• Leverage Options: Up to 1:30.
• Key Features: Swap-free trading in compliance with Sharia law.
• Target User Profile: Muslim traders seeking compliant trading options.
• 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 1:30.
• Key Features: Risk-free environment to practice trading strategies.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: All instruments available in live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed rte Account Features

Comparison of Features Across Different Account Types

Advantages of Each Account Type

• Standard Account:
• Low minimum deposit.
• No commissions.
• Suitable for beginners.
• ECN Account:
• Tight spreads.
• Direct market access.
• Ideal for scalping.
• Pro Account:
• Advanced trading tools.
• Lower commission rates.
• Suitable for professional trading.
• Islamic Account:
• Compliant with Sharia law.
• No swap fees.
• Suitable for Muslim traders.
• Demo Account:
• Risk-free trading environment.
• Practice strategies without financial risk.
• Access 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:
• High minimum deposit.
• Not suitable for casual traders.
• Islamic Account:
• Limited availability.
• May have higher spreads.
• Demo Account:
• No real money trading.
• Limited to virtual balance.

rte Account Registration Requirements

Eligibility Criteria

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

KYC/AML Compliance Procedures

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Verification may include identity checks, source of funds, and financial background.

Verification Time Frames

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

Step-by-Step rte Account Opening Guide

Detailed Step-by-Step Registration Process

1. Visit Website and Click Registration: Navigate to the RTÉ trading platform and locate the registration button.
2. Personal Information Entry: Fill in your personal details, including name, email, and contact number.
3. Choose Account Type: Select the account type that best suits your trading needs.
4. Set Trading Preferences: Indicate your preferred trading settings and leverage.
5. Document Upload: Upload the necessary identification and proof of residence documents.
6. Account Verification: Wait for the platform to verify your documents and account information.
7. Fund Your Account: Once verified, deposit funds into your trading account.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• Desktop registration typically offers a more comprehensive view of account types and features.
• Mobile registration may have simplified forms and fewer options.

Common Registration Issues and Solutions

• Issue: Document upload errors.
• Solution: Ensure documents are clear and meet size requirements.
• 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 verification process.

How to Upgrade/Downgrade Account Types

• Users can request account type changes through customer support or their account management dashboard.

rte Demo Account Guide

Demo Account Features and Benefits

• Provides a virtual trading environment with no financial risk.
• Allows users to practice trading strategies and familiarize themselves with the platform.

How to Open a Demo Account

• Visit the RTÉ website and select the demo account option.
• Fill out the registration form and submit.

Demo Account Limitations

• Limited to virtual funds; cannot be used for real trading.
• May have time restrictions on usage.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of €10,000.

Demo vs Live Account Differences

• Demo accounts do not involve real money; live accounts require actual funds.
• Trading conditions may differ slightly between demo and live environments.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for 30 days, but this can vary by broker.

rte Islamic Account Details

Swap-Free/Islamic Account Availability

• RTÉ offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Must be a practicing Muslim seeking a swap-free trading option.

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 conditions; consult the platform for details.

FAQs – rte Account Types & Opening

1. What account types does rte offer？

• RTÉ 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: €0.

1. How long does rte account verification take？

• Verification typically takes 1-3 business days.

1. Does rte offer demo accounts？

• Yes, RTÉ offers demo accounts for practice trading.

1. Can I have multiple account types with rte？

• Yes, users can hold multiple account types.

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

• Yes, RTÉ provides Islamic accounts compliant with Sharia law.

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

• Government ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request changes through customer support.