| Account Type | Minimum Deposit | Spread Type | Commission | Leverage | Key Features |
|---|---|---|---|---|---|
| Standard | $100 | Variable | None | 1:500 | Wide range of instruments |
| ECN | $500 | Low | $3/lot | 1:200 | Direct market access |
| Pro | $1,000 | Fixed | None | 1:400 | Advanced tools |
| Islamic | $100 | Variable | None | 1:500 | Swap-free |
| Demo | Virtual funds | Same as Standard | None | 1:500 | Risk-free practice |
Minimum Deposit:
Standard: $100
ECN: $500
Pro: $1,000
Islamic: $100
Demo: Virtual funds
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 pips
Pro: 1 pip
Islamic: Same as Standard
Commission Fees:
Standard: None
ECN: $3 per lot
Pro: None
Islamic: 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:
Yes for Islamic Account
Swap-free Options:
Available for Islamic Account
Demo Account Features:
Virtual balance of $10,000, risk-free trading.
Standard Account:
Low minimum deposit.
Access to various instruments.
Suitable for beginners.
ECN Account:
Low spreads.
Fast execution.
Ideal for scalping.
Pro Account:
No commissions.
Advanced trading tools.
Tailored for professionals.
Islamic Account:
Complies with Islamic law.
No swap fees.
Accessible to all traders.
Demo Account:
Risk-free environment.
Practice with virtual funds.
Test strategies before live trading.
Standard Account:
Higher spreads compared to ECN.
Limited advanced features.
ECN Account:
Higher minimum deposit.
Commission fees can add up.
Pro Account:
Higher minimum deposit.
Limited to professional traders.
Islamic Account:
Limited features compared to other accounts.
May not be suitable for all trading styles.
Demo Account:
Limited duration.
No real market experience.
Eligibility Criteria:
Age Requirements: Must be at least 18 years old.
Geographic Restrictions: Available in most countries, but specific regions may be restricted.
Prohibited Countries: Countries under international sanctions.
Identity Verification Documents Needed:
Government-issued ID (passport or drivers license).
Proof of residence (utility bill or bank statement).
Additional Documentation for Professional Accounts:
Proof of trading experience.
Financial statements.
KYC/AML Compliance Procedures:
Mandatory identity verification.
Source of funds declaration.
Verification Time Frames:
Typically 1-3 business days for standard accounts.
Professional accounts may take longer due to additional documentation.
Desktop vs Mobile Registration Differences:
The registration process is similar on both platforms, but mobile may have limited features.
Common Registration Issues and Solutions:
Issue: Document upload failure.
Solution: Ensure documents are clear and in the correct format.
Issue: Verification delays.
Solution: Contact customer support for assistance.
Average Account Approval Time: 1-3 business days for standard accounts, longer for professional accounts.
How to Upgrade/Downgrade Account Types: Contact customer support to request changes to your account type.
Demo Account Features and Benefits:
Access to virtual funds for practice trading.
Ability to test trading strategies without risk.
How to Open a Demo Account:
Follow the same registration process and select the demo account option.
Demo Account Limitations:
Limited duration (usually 30 days).
No access to real market conditions.
Virtual Balance Amount: Typically $10,000 in virtual funds.
Demo vs Live Account Differences:
Demo accounts use virtual funds; live accounts involve real money.
Execution speeds may differ due to market conditions.
Duration/Expiry of Demo Accounts: Usually valid for 30 days, after which it may need to be renewed.
Explore broker markets account types: forex/trading accounts with demo access.