UniGrain broker Accounts

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

unigrain Account Types Explained

UniGrain offers several account types tailored to different trading styles and experience levels. Below is a comprehensive overview of each account type, including their features, minimum deposit requirements, and target user profiles.

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips, no commission.
• Leverage Options: Up to 1:500.
• Key Features: User-friendly interface, access to a wide range of trading instruments.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips with a commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, suitable for high-frequency trading.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 1.0 pip, no commission.
• Leverage Options: Up to 1:300.
• Key Features: Advanced trading tools, priority customer support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account, with no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Compliance with Sharia law, swap-free trading.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000).
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free trading environment, access to all trading instruments.
• Target User Profile: Beginners looking to practice trading strategies.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account or Demo Account.
• Intermediate Traders: Pro Account.
• Advanced Traders: ECN Account.
• Muslim Traders: Islamic Account.

Detailed unigrain Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• User-friendly for beginners.

• Access to a variety of instruments.

• ECN Account:

• Tight spreads and low commissions.

• Ideal for high-frequency trading.

• Direct market access.

• Pro Account:

• Advanced trading tools.

• Priority support for traders.

• Suitable for professional trading strategies.

• Islamic Account:

• Compliance with Islamic finance principles.

• No swap fees.

• Demo Account:

• Risk-free environment for practice.

• Access to all trading instruments.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• ECN Account:

• Higher minimum deposit requirement.

• Commission fees may add up for frequent traders.

• Pro Account:

• Requires a higher initial investment.

• Islamic Account:

• Limited to specific trading conditions.

• Demo Account:

• Virtual funds may not reflect real market conditions.

unigrain Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Availability may vary by country; check local regulations.
• Prohibited Countries: Specific countries may be restricted due to regulatory compliance (not specified in sources).
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID).
• Proof of residence (utility bill or bank statement).
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• UniGrain adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring users to verify their identity and source of funds.

Verification Time Frames

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

Step-by-Step unigrain Account Opening Guide

1. Visit Website: Go to the UniGrain official website.
2. Click Registration: Locate and click on the “Register” button.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select the desired account type from the available options.
5. Set Trading Preferences: Specify trading preferences, including leverage and trading instruments.
6. Document Upload: Upload the required identity verification documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds into your account to start trading.
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, although mobile users may experience a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document upload failures.

• Solution: Ensure documents are clear and in the correct format (PDF/JPEG).

• Issue: Delays in verification.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes between 1-3 business days.

How to Upgrade/Downgrade Account Types

• Users can request an upgrade or downgrade through their account settings or by contacting customer support.

unigrain Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment for traders to practice strategies.
• Access to all trading instruments available in live accounts.

How to Open a Demo Account

• Follow the same registration process as for live accounts but select the demo option.

Demo Account Limitations

• Limited to virtual funds, which may not accurately reflect live trading conditions.

Virtual Balance Amount

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

Demo vs Live Account Differences

• Demo accounts do not involve real money; live accounts require actual funds.

Duration/Expiry of Demo Accounts

• Demo accounts may expire after a certain period, usually 30-90 days, depending on the broker's policy.

unigrain Islamic Account Details

Swap-Free/Islamic Account Availability

• UniGrain offers Islamic accounts that comply with Sharia law, allowing for swap-free trading.

Eligibility Requirements

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

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for Muslim traders.

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 – unigrain Account Types & Opening

1. What account types does unigrain offer？

• UniGrain offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: $100, ECN: $500, Pro: $1,000, Islamic: $100, Demo: Virtual funds.

1. How long does unigrain account verification take？

• Verification typically takes 1-3 business days.

1. Does unigrain offer demo accounts？

• Yes, UniGrain provides demo accounts for practice.

1. Can I have multiple account types with unigrain？

• Yes, users can open multiple account types.

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

• Yes, Islamic accounts are available.

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

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

1. Can I change my account type after registration？

• Yes, users can request to upgrade or downgrade their account type.