| Account Type | Minimum Deposit | Spread | Leverage | Key Features | Target User Profile |
|---|---|---|---|---|---|
| Standard | $100 | From 1.5 pips | 1:500 | Basic tools | Beginners |
| ECN | $500 | From 0.1 pips | 1:200 | Direct market access | Intermediate |
| Pro | $1,000 | From 1.0 pip | 1:100 | Advanced tools | Professionals |
| Islamic | $200 | Similar to Standard | 1:500 | Swap-free | Muslim traders |
| Demo | $0 | Same as Standard | 1:500 | Practice environment | All levels |
Minimum Deposit:
Standard: $100
ECN: $500
Pro: $1,000
Islamic: $200
Demo: $0
Maximum Leverage:
Standard: 1:500
ECN: 1:200
Pro: 1:100
Islamic: 1:500
Demo: 1:500
Spreads (Typical/Minimum):
Standard: From 1.5 pips
ECN: From 0.1 pips
Pro: From 1.0 pip
Islamic: Similar to Standard
Demo: Same as Standard
Commission Fees:
Standard: None
ECN: Yes, variable
Pro: Lower than ECN
Islamic: None
Demo: None
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: Instant
Pro: Market
Islamic: Market
Demo: Market
Islamic Account Availability: Yes for Islamic Account only.
Swap-Free Options: Available for Islamic Account.
Demo Account Features: Virtual balance, access to all instruments.
Standard Account:
Low minimum deposit
User-friendly interface
Access to educational resources
ECN Account:
Tight spreads
Fast execution speeds
Direct market access
Pro Account:
Advanced trading tools
Lower commission rates
Priority support
Islamic Account:
Complies with Islamic finance principles
No swap fees
Demo Account:
Risk-free trading
Full access to trading features
Ideal for practice and strategy testing
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
May not be suitable for beginners
Islamic Account:
Limited availability of certain trading features
May have higher spreads
Demo Account:
No real money trading
Limited duration for practice
Eligibility Criteria:
Age Requirements: Minimum age of 18 years
Geographic Restrictions: Available in most countries; check specific country regulations
Prohibited Countries: Countries under sanctions or restrictions
Identity Verification Documents Needed:
Government-issued ID (passport, drivers license)
Proof of residence (utility bill, bank statement)
Additional Documentation for Professional Accounts:
Proof of income or trading experience may be required
KYC/AML Compliance Procedures:
Verification of identity and address
Monitoring of transactions for suspicious activity
Verification Time Frames:
Typically 1-3 business days for account verification
Issue: Email not received for verification.
Solution: Check spam/junk folders or request a new verification email.
Issue: Document upload fails.
Solution: Ensure documents are clear and in the correct format.
Demo Account Features and Benefits:
Access to a virtual trading environment
Practice trading strategies without financial risk
How to Open a Demo Account:
Follow the same registration steps as for a live account, selecting the demo option.
Demo Account Limitations:
Limited to virtual funds; cannot withdraw or transfer funds.
Virtual Balance Amount:
Typically $10,000 in virtual funds for practice.
Demo vs Live Account Differences:
Live accounts involve real money and market conditions, while demo accounts are simulated.
Duration/Expiry of Demo Accounts:
Demo accounts may expire after a set period, usually 30 days, but can often be renewed.
Swap-Free/Islamic Account Availability: Yes, available for Muslim traders.
Eligibility Requirements:
Must provide documentation confirming Muslim status if required.
Differences from Standard Accounts:
No swap fees applied to overnight positions.
How to Apply for Islamic Account:
Select the Islamic account option during registration or contact support.
Restrictions or Special Conditions:
Must adhere to Islamic finance principles; trading strategies must comply.
Explore broker markets account types: forex/trading accounts with demo access.