Unicapital broker Accounts

unicapital Account Types Overview

unicapital Account Types Explained

Unicapital offers several account types tailored to meet the diverse needs of traders. Below is a detailed overview of each account type, including their minimum deposit requirements, spread structures, leverage options, key features, target user profiles, and available trading instruments.

1. Regular Account

• Minimum Deposit Requirement: ₱10,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips
• Leverage Options: Up to 1:100
• Key Features: Access to all trading instruments, educational resources, and customer support.
• Target User Profile: Beginners and intermediate traders.
• Trading Instruments Available: Stocks, ETFs, and mutual funds.

2. Elite Account

• Minimum Deposit Requirement: ₱50,000
• Spread/Commission Structure: Lower spreads with commissions on trades.
• Leverage Options: Up to 1:200
• Key Features: Personalized service, advanced trading tools, and market insights.
• Target User Profile: Intermediate to advanced traders.
• Trading Instruments Available: Stocks, ETFs, mutual funds, and derivatives.

3. Traditional Account

• Minimum Deposit Requirement: ₱10,000
• Spread/Commission Structure: Fixed spreads starting from 1 pip.
• Leverage Options: Up to 1:100
• Key Features: Ideal for long-term investors, includes research reports.
• Target User Profile: Long-term investors and conservative traders.
• Trading Instruments Available: Stocks and fixed-income securities.

4. Islamic Account

• Minimum Deposit Requirement: ₱10,000
• Spread/Commission Structure: Similar to the Regular Account but swap-free.
• Leverage Options: Up to 1:100
• Key Features: Compliance with Sharia law, no interest charges.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Stocks and ETFs.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Regular Account.
• Leverage Options: Same as Regular Account.
• Key Features: Risk-free trading environment with virtual funds.
• Target User Profile: Beginners wanting to practice trading without risk.
• Trading Instruments Available: Stocks, ETFs, and mutual funds.

Recommended Account Types by Trader Level

• Beginners: Regular Account, Demo Account
• Intermediate: Elite Account, Traditional Account
• Advanced: Elite Account

unicapital Account Features Comparison

Detailed unicapital Account Features

The following section compares the features across different unicapital account types, highlighting their advantages and disadvantages.

Advantages of Each Account Type

• Regular Account:

• Low minimum deposit.

• Access to educational resources.

• Good for beginners.

• Elite Account:

• Personalized service and insights.

• Lower trading costs.

• Suitable for active traders.

• Traditional Account:

• Fixed spreads provide predictability.

• Ideal for long-term investments.

• Access to research reports.

• Islamic Account:

• Compliant with Sharia law.

• No interest charges.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free environment.

• Practice trading strategies.

• Access to all trading instruments.

Disadvantages of Each Account Type

• Regular Account:

• Limited advanced features.

• Higher spreads compared to Elite.

• Elite Account:

• Higher minimum deposit.

• Commission fees can add up.

• Traditional Account:

• Fixed spreads may not be competitive.

• Limited to long-term strategies.

• Islamic Account:

• Limited trading options.

• Not available for all instruments.

• Demo Account:

• No real money involved.

• Limited duration for practice.

unicapital Account Opening Requirements

unicapital Account Registration Requirements

To open an account with unicapital, the following eligibility criteria and documentation are required:

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Open to Filipino citizens and foreign nationals.
• Prohibited Countries: Not specified, but generally excludes countries under international sanctions.

Identity Verification Documents Needed

• A valid government-issued ID (passport, driver's license, etc.).
• Proof of residence (utility bill, bank statement, etc.).

Additional Documentation for Professional Accounts

• Business registration documents for corporate accounts.
• Tax identification number (TIN).

KYC/AML Compliance Procedures

• Completion of a Customer Account Information Form.
• Submission of identity verification documents.
• Compliance with Anti-Money Laundering regulations.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of submitted documents.

unicapital Account Opening Process

Step-by-Step unicapital Account Opening Guide

Follow these steps to successfully open an account with unicapital:

1. Visit the Website: Go to the official unicapital website.
2. Click Registration: Click on the “Register” button to start the process.
3. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
4. Choose Account Type: Select the account type you wish to open.
5. Set Trading Preferences: Specify your trading preferences and risk tolerance.
6. Document Upload: Upload the required identity verification documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Make the minimum deposit to activate your account.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with a user-friendly interface designed for easy navigation.

Common Registration Issues and Solutions

• Issue: Not receiving the verification email.

• Solution: Check your spam folder or request a new verification link.

• Issue: Identity verification fails.

• Solution: Ensure that documents are clear and meet the requirements.

Average Account Approval Time

• The average account approval time is 1-3 business days, depending on the completeness of the application.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of your account type, providing necessary documentation if required.

unicapital Demo Account Information

unicapital Demo Account Guide

The unicapital demo account allows traders to practice their trading strategies without financial risk.

Demo Account Features and Benefits

• Access to all trading instruments available in live accounts.
• Ability to practice trading strategies in a risk-free environment.
• Virtual balance to simulate real trading conditions.

How to Open a Demo Account

• Visit the unicapital website and select the option to open a demo account.
• Fill in the required information and follow the prompts to create your account.

Demo Account Limitations

• The demo account is typically limited in duration, often expiring after 30 days unless extended.

Virtual Balance Amount

• The demo account usually comes with a virtual balance of ₱1,000,000 for practice purposes.

Demo vs Live Account Differences

• The demo account uses virtual funds, while the live account involves real money.
• Trading conditions may vary slightly between demo and live accounts.

Duration/Expiry of Demo Accounts

• Demo accounts generally expire after 30 days, but users may have the option to renew or extend their access.

unicapital Islamic Account Details

unicapital Islamic Account Details

Unicapital offers Islamic accounts that comply with Sharia law.

Swap-Free/Islamic Account Availability

• Islamic accounts are available for traders who require compliance with Sharia principles.

Eligibility Requirements

• Traders must declare their need for an Islamic account during the registration process.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for long-term holding.

How to Apply for Islamic Account

• Indicate the preference for an Islamic account during the account opening process.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions, such as limited access to certain instruments.

FAQs – unicapital Account Types & Opening

1. What account types does unicapital offer？

• Unicapital offers Regular, Elite, Traditional, Islamic, and Demo accounts.

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

• Regular Account: ₱10,000; Elite Account: ₱50,000; Traditional Account: ₱10,000; Islamic Account: ₱10,000; Demo Account: N/A.

1. How long does unicapital account verification take？

• Account verification typically takes 1-3 business days.

1. Does unicapital offer demo accounts？

• Yes, unicapital offers demo accounts for practice trading.

1. Can I have multiple account types with unicapital？

• Yes, traders can hold multiple account types.

1. Does unicapital offer Islamic/swap-free accounts？

• Yes, unicapital offers Islamic accounts that are compliant with Sharia law.

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

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

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.