Rudra broker Accounts

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

Part 1: rudra Account Types Overview

rudra Account Types Explained

Rudra offers a variety of account types to cater to different trading needs and preferences. Below is a detailed overview of each account type:

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 interface, suitable for beginners.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Spreads from 0.1 pips; commission of $5 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, faster execution.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 0.5 pips; commission of $3 per lot.
• Leverage Options: Up to 1:400.
• Key Features: Advanced trading tools, tailored for professional traders.
• Target User Profile: Professional and institutional 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: Compliant with Sharia law, swap-free.
• Target User Profile: Traders seeking Sharia-compliant trading options.
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• 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, cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account or Demo Account.
• Intermediate Traders: ECN Account.
• Advanced Traders: Pro Account.
• Islamic Traders: Islamic Account.

Part 2: rudra Account Features Comparison

Detailed rudra Account Features

The following features are compared across different rudra account types:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:400

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: 1.5 pips

• ECN: 0.1 pips

• Pro: 0.5 pips

• Islamic: 1.5 pips

• Demo: 1.5 pips

• Commission Fees:

• Standard: None

• ECN: $5 per lot

• Pro: $3 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: 1 lot

• ECN: 0.1 lot

• Pro: 1 lot

• Islamic: 1 lot

• Demo: 1 lot

• Available Trading Platforms:

• All account types support MT4 and MT5.

• Execution Type:

• Standard: Market execution

• ECN: ECN execution

• Pro: Market execution

• Islamic: Market execution

• Demo: Market execution

• Islamic Account Availability:

• Available for Standard and Islamic accounts.

• Swap-Free Options:

• Offered for Islamic accounts.

• Demo Account Features:

• Virtual balance, access to all instruments, practice trading.

Advantages of Each Account Type

• Standard Account:

• Easy to use for beginners.

• No commission fees.

• High leverage options.

• ECN Account:

• Lower spreads.

• Direct market access.

• Ideal for scalping.

• Pro Account:

• Advanced trading tools.

• Competitive commission rates.

• Suitable for high-volume trading.

• Islamic Account:

• Compliant with Sharia law.

• No swap fees.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Practice strategies.

• 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 requirement.

• Commission fees may reduce profits.

• Pro Account:

• Requires a higher initial investment.

• More complex trading tools may overwhelm beginners.

• Islamic Account:

• Limited availability for certain instruments.

• May have restrictions on trading strategies.

• Demo Account:

• No real money involved.

• Limited duration for practice.

Part 3: rudra Account Opening Requirements

rudra 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: Specific countries may be restricted; check with rudra for details.
• Identity Verification Documents Needed:
• Government-issued ID (passport, national ID).
• Recent utility bill or bank statement for proof of residence.
• Proof of Residence Requirements: Must provide a document showing your current address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• Verification of identity and address through submitted documents.
• Compliance with Anti-Money Laundering regulations.

Verification Time Frames

• Typically, account verification takes 1-3 business days.

Part 4: rudra Account Opening Process

Step-by-Step rudra Account Opening Guide

1. Visit Website and Click Registration: Go to the official rudra website and locate the registration button.
2. Personal Information Entry: Fill in your personal details such as 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 and strategies.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to start trading.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile users may have a simplified interface.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of your account type.

Part 5: rudra Demo Account Information

rudra Demo Account Guide

Demo Account Features and Benefits

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

How to Open a Demo Account

• Follow the same registration process but select the demo account option.

Demo Account Limitations

• Limited duration (typically 30 days).
• Virtual funds only; no real trading.

Virtual Balance Amount

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

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts involve real money.
• Demo accounts may have limited features compared to live accounts.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days, but can be renewed upon request.

Part 6: rudra Islamic Account Details

rudra Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available for traders who require a swap-free option.

Eligibility Requirements

• Must declare the need for an Islamic account during the registration process.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them compliant with Sharia law.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process or contact customer support.

Restrictions or Special Conditions

• May have limitations on certain trading strategies or instruments.

FAQs – rudra Account Types & Opening

1. What account types does rudra offer？

• Rudra 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: N/A.

1. How long does rudra account verification take？

• Verification typically takes 1-3 business days.

1. Does rudra offer demo accounts？

• Yes, rudra offers demo accounts for practice trading.

1. Can I have multiple account types with rudra？

• Yes, traders can hold multiple account types.

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

• Yes, Islamic accounts are available.

1. What documents do I need to open a rudra 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.