Tradier offers several account types to cater to different trading needs and preferences. Below is a detailed overview of each account type available:
| Feature | Standard Account | Pro Account | ECN Account | Islamic Account | Demo Account |
|---|---|---|---|---|---|
| Minimum Deposit | $0 | $2,000 | $5,000 | $1,000 | Virtual balance |
| Maximum Leverage | 1:500 | 1:400 | 1:200 | 1:400 | Same as live |
| Spreads (Typical/Minimum) | 0.3 pips | 0.1 pips | 0.0 pips | Similar to others | Same as live |
| Commission Fees | None | $0.01/share | $3/lot | None | Same as live |
| Lot Size | Standard | Standard | Micro/Mini | Standard | Standard |
| Available Trading Platforms | MT4, MT5 | MT4, MT5 | Proprietary | MT4, MT5 | MT4, MT5 |
| Execution Type | Market | Market | ECN | Market | Market |
| Islamic Account Availability | No | No | No | Yes | No |
| Swap-Free Options | No | No | No | Yes | No |
| Demo Account Features | No | No | No | No | Yes |
Standard Account:
No minimum deposit.
User-friendly for beginners.
Access to a variety of instruments.
Pro Account:
Low commission fees.
Advanced trading tools.
Suitable for active traders.
ECN Account:
Direct market access.
Tight spreads.
Ideal for high-frequency trading.
Islamic Account:
Complies with Sharia law.
No overnight interest charges.
Suitable for Muslim traders.
Demo Account:
Risk-free trading environment.
Practice with virtual funds.
Ideal for testing strategies.
Standard Account:
Higher spreads compared to ECN.
Limited advanced features.
Pro Account:
Higher minimum deposit requirement.
May not be suitable for casual traders.
ECN Account:
High minimum deposit.
Commission fees can add up.
Islamic Account:
Limited availability.
May have restrictions on certain instruments.
Demo Account:
No real money trading experience.
Limited duration for practice.
Eligibility Criteria:
Age Requirements: Must be at least 18 years old.
Geographic Restrictions: Available in most countries; check specific regulations.
Prohibited Countries: Specific countries may be restricted based on local laws.
Identity Verification Documents Needed:
Government-issued ID (passport or driver's license).
Social Security Number (for U.S. residents).
Proof of Residence Requirements:
Utility bill or bank statement showing your name and address.
Additional Documentation for Professional Accounts:
Proof of trading experience or financial status may be required.
KYC/AML Compliance Procedures:
Complete Know Your Customer (KYC) verification.
Anti-Money Laundering (AML) checks.
Verification Time Frames:
Typically takes 1-3 business days for account verification.
Demo Account Features and Benefits:
Access to all trading instruments available in live accounts.
Practice trading strategies without financial risk.
How to Open a Demo Account:
Follow the same registration steps but select the demo account option.
Demo Account Limitations:
Limited to virtual funds; no real trading experience.
Virtual Balance Amount:
Typically starts with a virtual balance of $100,000.
Demo vs Live Account Differences:
Demo accounts do not involve real money; live accounts do.
Duration/Expiry of Demo Accounts:
Demo accounts usually expire after 30 days but can be extended upon request.
Swap-Free/Islamic Account Availability:
Yes, traderia offers Islamic accounts compliant with Sharia law.
Eligibility Requirements:
Must provide documentation confirming Islamic compliance.
Differences from Standard Accounts:
No overnight interest charges; otherwise similar features.
How to Apply for Islamic Account:
Select the Islamic account option during registration or contact support.
Restrictions or Special Conditions:
May have limitations on certain trading instruments.
Explore broker markets account types: forex/trading accounts with demo access.