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

Part 1: select global Account Types Explained

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 1:500
• Key Features: Access to major currency pairs, user-friendly interface
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips, commission of $3 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, faster execution
• Target User Profile: Experienced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $5,000
• Spread/Commission Structure: Fixed spreads starting from 0.5 pips, commission of $2 per lot
• Leverage Options: Up to 1:100
• Key Features: Advanced trading tools, dedicated account manager
• Target User Profile: Professional traders and institutions
• 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, no interest on overnight positions
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (usually $10,000)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Same as Standard Account
• Key Features: Practice trading with virtual funds, access to all trading instruments
• Target User Profile: Beginners and traders testing strategies
• Trading Instruments Available: Forex, commodities, indices

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
• New Traders: Demo Account

Part 2: select global Account Features Comparison

Detailed select global Account Features

1. Minimum Deposit

• Standard: $100
• ECN: $500
• Pro: $5,000
• Islamic: $100
• Demo: Virtual funds

1. 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

1. Spreads (Typical/Minimum)

• Standard: From 1.0 pips
• ECN: From 0.0 pips
• Pro: From 0.5 pips
• Islamic: Same as Standard
• Demo: Same as Standard

1. Commission Fees

• Standard: None
• ECN: $3 per lot
• Pro: $2 per lot
• Islamic: None
• Demo: None

1. Lot Size

• Standard: Micro, Mini, Standard
• ECN: Micro, Mini, Standard
• Pro: Standard
• Islamic: Micro, Mini, Standard
• Demo: Micro, Mini, Standard

1. Available Trading Platforms

• Standard: MT4, MT5
• ECN: MT4, MT5
• Pro: MT4, MT5
• Islamic: MT4, MT5
• Demo: MT4, MT5

1. Execution Type

• Standard: Market
• ECN: ECN
• Pro: Instant
• Islamic: Market
• Demo: Market

1. Islamic Account Availability

• Standard: Yes
• ECN: Yes
• Pro: Yes
• Islamic: N/A
• Demo: N/A

1. Swap-Free Options

• Standard: Yes
• ECN: Yes
• Pro: Yes
• Islamic: N/A
• Demo: N/A

1. Demo Account Features

• Virtual balance of $10,000
• Access to all trading instruments
• No time limit on usage

Advantages and Disadvantages of Each Account Type

• Standard Account

• Advantages: Low minimum deposit, no commission, user-friendly.

• Disadvantages: Higher spreads compared to ECN.

• ECN Account

• Advantages: Low spreads, direct market access, suitable for high-frequency trading.

• Disadvantages: Higher minimum deposit, commission fees apply.

• Pro Account

• Advantages: Advanced trading tools, lower commission.

• Disadvantages: High minimum deposit, not suitable for beginners.

• Islamic Account

• Advantages: Compliant with Sharia law, no interest fees.

• Disadvantages: Limited availability of certain trading instruments.

• Demo Account

• Advantages: Risk-free practice, access to all features.

• Disadvantages: Virtual funds only, may not reflect real market conditions.

Part 3: select global Account Registration Requirements

select global Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; specific restrictions may apply.
• Prohibited Countries: Countries under international sanctions may be restricted.
• Identity Verification Documents Needed: Valid government-issued ID (passport or driver's license).
• Proof of Residence Requirements: Recent utility bill or bank statement showing name and address.
• Additional Documentation for Professional Accounts: Business registration documents and tax identification number.

KYC/AML Compliance Procedures

• Identity verification through document upload.
• Proof of residence verification.
• Compliance with local regulations.

Verification Time Frames

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

Part 4: select global Account Opening Process

Step-by-Step select global Account Opening Guide

1. Visit Website and Click Registration: Navigate to the select global website and click on the registration button.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type based on your trading needs.
4. Set Trading Preferences: Indicate leverage preferences and trading instruments.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate the account.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms; however, mobile registration may have fewer document upload options.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and in the required format (JPEG, PDF).
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Account approval typically takes 1-3 business days.

How to Upgrade/Downgrade Account Types

• Log into your account, navigate to account settings, and follow the prompts to change account types.

Part 5: select global Demo Account Information

select global Demo Account Guide

Demo Account Features and Benefits

• Practice trading with virtual funds.
• Access to all trading instruments and features.
• No risk of losing real money.

How to Open a Demo Account

• Follow the same registration process as for a live account but select the demo option.

Demo Account Limitations

• Virtual funds may not reflect real market conditions.
• Limited to practice trading only.

Virtual Balance Amount

• Typically set at $10,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money trading.

Duration/Expiry of Demo Accounts

• Demo accounts usually do not expire but may have limitations on usage time.

Part 6: select global Islamic Account Details

select global Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available for all account types.

Eligibility Requirements

• Must provide documentation confirming Muslim faith if required.

Differences from Standard Accounts

• No swap fees on overnight positions.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process.

Restrictions or Special Conditions

• Must adhere to Sharia law in trading practices.

FAQs – select global Account Types & Opening

1. What account types does select global offer？

• Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $100, ECN: $500, Pro: $5,000, Islamic: $100, Demo: Virtual funds.

1. How long does select global account verification take？

• Typically 1-3 business days.

1. Does select global offer demo accounts？

• Yes, demo accounts are available for practice trading.

1. Can I have multiple account types with select global？

• Yes, you can hold multiple account types.

1. Does select global offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available for all account types.

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

• Valid ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can upgrade or downgrade your account type through account settings.