Spread ex broker Accounts

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

Part 1: spread ex Account Types Overview

spread ex Account Types Explained

Spreadex offers a variety of account types tailored to meet the needs of different traders. Heres a breakdown of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Competitive spreads starting from 0.6 pips, no commission on spread betting.
• Leverage Options: Up to 1:30 for retail clients.
• Key Features: Access to a wide range of trading instruments, user-friendly platform.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, indices, commodities, and more.

2. Premium Account

• Minimum Deposit Requirement: $5,000
• Spread/Commission Structure: Tighter spreads compared to the Standard account.
• Leverage Options: Up to 1:50 for retail clients.
• Key Features: Enhanced trading conditions, priority customer service.
• Target User Profile: Intermediate traders looking for better trading conditions.
• Trading Instruments Available: Same as Standard account.

3. VIP Account

• Minimum Deposit Requirement: $25,000
• Spread/Commission Structure: Very tight spreads, no commission on trades.
• Leverage Options: Up to 1:100 for professional clients.
• Key Features: Personalized account management, exclusive trading tools.
• Target User Profile: Advanced traders and institutional clients.
• Trading Instruments Available: Comprehensive access to all trading instruments.

4. Islamic Account

• Minimum Deposit Requirement: $100 (same as Standard)
• Spread/Commission Structure: Similar to Standard account but swap-free.
• Leverage Options: Up to 1:30 for retail clients.
• Key Features: Compliance with Sharia law, no interest on overnight positions.
• Target User Profile: Muslim traders seeking a compliant trading option.
• Trading Instruments Available: Same as Standard account.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds provided)
• Spread/Commission Structure: Reflects real market conditions.
• Leverage Options: Same as live accounts.
• Key Features: Practice trading without risk, access to all trading tools.
• Target User Profile: Beginners and experienced traders wanting to test strategies.
• Trading Instruments Available: Same as live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: Premium Account
• Advanced Traders: VIP Account
• Muslim Traders: Islamic Account
• Practice Traders: Demo Account

Part 2: spread ex Account Features Comparison

Detailed spread ex Account Features

When comparing the features across different spread ex account types, consider the following:

• Minimum Deposit:

• Standard: $100

• Premium: $5,000

• VIP: $25,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: Up to 1:30

• Premium: Up to 1:50

• VIP: Up to 1:100

• Islamic: Up to 1:30

• Demo: Same as live accounts

• Spreads (Typical/Minimum):

• Standard: From 0.6 pips

• Premium: Tighter than Standard

• VIP: Very tight

• Islamic: Same as Standard

• Demo: Reflects real market conditions

• Commission Fees:

• Standard: No commission

• Premium: No commission

• VIP: No commission

• Islamic: No commission

• Demo: N/A

• Lot Size:

• Standard: Micro, Mini, Standard

• Premium: Micro, Mini, Standard

• VIP: Micro, Mini, Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• All accounts: Proprietary platform, MT4, MT5.

• Execution Type:

• All accounts: Market execution.

• Islamic Account Availability:

• Yes for Islamic Account.

• Swap-Free Options:

• Available for Islamic Account.

• Demo Account Features:

• Virtual balance, access to all trading tools.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• Access to diverse instruments

• User-friendly interface

• Premium Account:

• Tighter spreads

• Enhanced customer support

• Better trading conditions

• VIP Account:

• Very tight spreads

• Personalized account management

• Access to exclusive tools

• Islamic Account:

• Compliance with Sharia law

• No overnight interest

• Same features as Standard

• Demo Account:

• Risk-free trading

• Practice with real market conditions

• Ideal for strategy testing

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to Premium and VIP

• Limited advanced features

• Premium Account:

• Higher minimum deposit

• Not suitable for beginners

• VIP Account:

• Very high minimum deposit

• May not be accessible for casual traders

• Islamic Account:

• Limited to Muslim traders

• Swap-free may limit some trading strategies

• Demo Account:

• Virtual funds may not reflect real trading psychology

• Limited duration for practice

Part 3: spread ex Account Opening Requirements

spread ex Account Registration Requirements

Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to traders in most countries, but specific restrictions may apply.
• Prohibited Countries: Residents of the United States and certain other jurisdictions may be restricted.

Identity Verification Documents Needed:

• Proof of Identity: Government-issued ID (passport or drivers license).
• Proof of Residence: Recent utility bill or bank statement with your name and address.

Additional Documentation for Professional Accounts:

• May require proof of trading experience or financial status.

KYC/AML Compliance Procedures:

• Spreadex adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring documentation to verify identity and address.

Verification Time Frames:

• Account verification typically takes between a few hours to a couple of days, depending on the completeness of the submitted documents.

Part 4: spread ex Account Opening Process

Step-by-Step spread ex Account Opening Guide

1. Visit Website and Click Registration:

• Go to the Spreadex website and select the “Join” option.

1. Personal Information Entry:

• Fill out the registration form with your personal details, including name, email, and phone number.

1. Choose Account Type:

• Select the account type that best suits your trading needs (Standard, Premium, VIP, Islamic, or Demo).

1. Set Trading Preferences:

• Indicate your trading preferences, including leverage and trading instruments.

1. Document Upload:

• Upload the required identity verification documents.

1. Account Verification:

• Await confirmation of your account verification via email.

1. Fund Your Account:

• Deposit funds into your account using your preferred payment method.

1. Start Trading:

• Once your account is funded, you can start trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with mobile offering a more streamlined experience.

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

• Typically, account approval takes a few hours to a couple of days, depending on document submission.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an account type change, providing necessary documentation if required.

Part 5: spread ex Demo Account Information

spread ex Demo Account Guide

Demo Account Features and Benefits

• Allows traders to practice without financial risk.
• Access to all trading tools and instruments available in live accounts.

How to Open a Demo Account

• Select the demo account option during the registration process on the Spreadex website.

Demo Account Limitations

• Virtual funds may not accurately reflect emotional responses to trading.

Virtual Balance Amount

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

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.

Duration/Expiry of Demo Accounts

• Demo accounts typically remain active for a set period, often 30 days, but this may vary.

Part 6: spread ex Islamic Account Details

spread ex Islamic Account Details

Swap-Free/Islamic Account Availability

• Spreadex offers an Islamic account option that is compliant with Sharia law.

Eligibility Requirements

• Must be a Muslim trader seeking a compliant trading option.

Differences from Standard Accounts

• Islamic accounts do not incur overnight interest fees.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions that differ from standard accounts.

FAQs – spread ex Account Types & Opening

1. What account types does spread ex offer？

• Spreadex offers Standard, Premium, VIP, Islamic, and Demo accounts.

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

• Standard: $100, Premium: $5,000, VIP: $25,000, Islamic: $100, Demo: N/A.

1. How long does spread ex account verification take？

• Verification typically takes a few hours to a couple of days.

1. Does spread ex offer demo accounts？

• Yes, Spreadex offers a demo account for practice trading.

1. Can I have multiple account types with spread ex？

• Generally, you can only have one account type, but you can request to change it.

1. Does spread ex offer Islamic/swap-free accounts？

• Yes, Spreadex provides Islamic accounts that comply with Sharia law.

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

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request a change in account type through customer support.