| Account Type | Minimum Deposit | Spread | Commission | Leverage | Target User Profile |
|---|---|---|---|---|---|
| Standard | $100 | From 1.5 pips | N/A | Up to 1:500 | Beginners |
| ECN | $500 | From 0.1 pips | $3/lot | Up to 1:200 | Intermediate |
| Pro | $1,000 | From 0.0 pips | $2/lot | Up to 1:100 | Professionals |
| Islamic | $100 | Similar to Standard | N/A | Up to 1:500 | Muslim traders |
| Demo | N/A | Same as Standard | N/A | Same as Standard | All traders |
Minimum Deposit:
Standard: $100
ECN: $500
Pro: $1,000
Islamic: $100
Demo: N/A
Maximum Leverage:
Standard: Up to 1:500
ECN: Up to 1:200
Pro: Up to 1:100
Islamic: Up to 1:500
Demo: Same as Standard
Spreads (Typical/Minimum):
Standard: From 1.5 pips
ECN: From 0.1 pips
Pro: From 0.0 pips
Islamic: Similar to Standard
Demo: Same as Standard
Commission Fees:
Standard: N/A
ECN: $3 per lot
Pro: $2 per lot
Islamic: N/A
Demo: N/A
Lot Size:
Standard: Micro, Mini, Standard
ECN: Micro, Mini, Standard
Pro: Micro, Mini, 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: ECN
Islamic: Market
Demo: Market
Islamic Account Availability: Yes for Islamic Account
Swap-Free Options: Available for Islamic Account
Demo Account Features: Virtual funds, practice trading
Standard Account:
Easy to open
No commission fees
Suitable for beginners
Access to a variety of instruments
ECN Account:
Lower spreads
Direct market access
Faster execution
Ideal for scalpers
Pro Account:
Best for professional traders
Lowest spreads
Advanced trading tools
High leverage options
Islamic Account:
Compliant with Islamic law
No swap fees
Access to all trading instruments
Suitable for Muslim traders
Demo Account:
Risk-free trading
Practice strategies
Access to all features
Unlimited duration for practice
Standard Account:
Higher spreads compared to ECN
Limited advanced features
ECN Account:
Requires a higher minimum deposit
Commission fees may apply
Pro Account:
High minimum deposit
Not suitable for beginners
Islamic Account:
Limited availability for non-Muslim traders
May have restrictions on certain trading strategies
Demo Account:
No real money involved
Limited to practice only
Eligibility Criteria:
Age Requirements: Must be at least 18 years old
Geographic Restrictions: Available in most countries, but some may be restricted
Prohibited Countries: Specific countries may be prohibited due to regulatory issues (exact list not provided)
Identity Verification Documents Needed:
Government-issued ID (passport or national ID)
Proof of residence (utility bill or bank statement)
Additional Documentation for Professional Accounts:
Proof of income or trading experience may be required for Pro 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 can take between 1 to 3 business days.
Demo Account Features and Benefits:
Access to all trading instruments
Practice trading strategies without risk
Virtual funds provided for trading
How to Open a Demo Account: Follow the same registration process as a live account, selecting the demo option.
Demo Account Limitations:
Limited to virtual funds
Not suitable for real trading
Virtual Balance Amount: Typically $10,000 in virtual funds.
Demo vs Live Account Differences: Demo accounts use virtual funds, while live accounts involve real money.
Duration/Expiry of Demo Accounts: Demo accounts may expire after a certain period, usually 30 days, but can be extended upon request.
Explore broker markets account types: forex/trading accounts with demo access.