| Account Type | Minimum Deposit | Spread | Leverage | Key Features |
|---|---|---|---|---|
| Standard | $100 | From 1.0 pips | Up to 1:500 | User-friendly, beginner-friendly |
| ECN | $500 | From 0.1 pips | Up to 1:200 | Direct market access |
| Pro | $1,000 | Tight spreads | Up to 1:100 | Advanced tools, priority support |
| Islamic | $500 | Similar to others | Up to 1:500 | Swap-free, Sharia compliant |
| Demo | Virtual funds | Same as live | Same as live | Risk-free, practice environment |
Minimum Deposit:
Standard: $100
ECN: $500
Pro: $1,000
Islamic: $500
Demo: Virtual funds
Maximum Leverage:
Standard: 1:500
ECN: 1:200
Pro: 1:100
Islamic: 1:500
Demo: Same as live accounts
Spreads (Typical/Minimum):
Standard: From 1.0 pips
ECN: From 0.1 pips
Pro: Tight spreads
Islamic: Similar to Standard or ECN
Demo: Same as live accounts
Commission Fees:
Standard: None
ECN: Low commission
Pro: Lower commission
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:
All accounts except Demo can be converted to Islamic accounts.
Swap-Free Options:
Available for Islamic accounts.
Demo Account Features:
Virtual balance, access to all trading instruments, no time limit on practice.
Standard Account
ECN Account
Pro Account
Islamic Account
Demo Account
Eligibility Criteria:
Age Requirements: Must be at least 18 years old.
Geographic Restrictions: Available in most countries, but may be restricted in certain jurisdictions.
Prohibited Countries: Countries under sanctions or restrictions by financial authorities.
Identity Verification Documents Needed:
Valid government-issued ID (passport or national ID)
Proof of residence (utility bill or bank statement)
Additional Documentation for Professional Accounts:
Financial statements or proof of trading experience may be required.
KYC/AML Compliance Procedures:
All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
Verification Time Frames:
Typically takes 1-3 business days for account verification.
Features:
Virtual funds for risk-free trading
Access to all trading instruments
Ability to practice strategies without financial risk
How to Open a Demo Account:
Follow the same registration process as a live account but select the demo option.
Demo Account Limitations:
Limited to virtual funds; no real profits can be made.
Virtual Balance Amount:
Typically $10,000 in virtual funds.
Demo vs Live Account Differences:
Demo accounts use virtual funds; live accounts involve real money and emotional trading experiences.
Duration/Expiry of Demo Accounts:
Demo accounts may have a time limit or can be used indefinitely depending on the broker's policy.
Swap-Free/Islamic Account Availability:
Available for all account types except Demo.
Eligibility Requirements:
Must be a practicing Muslim.
Differences from Standard Accounts:
No swap fees applied; otherwise similar features.
How to Apply for Islamic Account:
Indicate the request during the account opening process or contact customer support.
Restrictions or Special Conditions:
Must comply with Sharia law; no interest-bearing transactions.
Explore broker markets account types: forex/trading accounts with demo access.