universe broker Accounts

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

Part 1: universe Account Types Overview

universe Account Types Explained

The universe offers several account types tailored to different trading needs and profiles. Below is a detailed overview of each account type, including their features and requirements.

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: Standard or Islamic Account
• Advanced Traders: ECN Account
• Professional Traders: Pro Account

Part 2: universe Account Features Comparison

Detailed universe Account Features

When comparing the features of the universe account types, the following aspects are essential:

• Minimum Deposit: Varies from $100 for Standard and Islamic accounts to $1,000 for Pro accounts.
• Maximum Leverage: Ranges from 1:100 for Pro accounts to 1:500 for Standard and Islamic accounts.
• Spreads:
• Standard Account: Variable spreads
• ECN Account: Low spreads with commission
• Pro Account: Tight spreads with lower commission
• Islamic Account: Variable spreads
• Commission Fees: Applicable for ECN and Pro accounts.
• Lot Size:
• Standard Account: Standard lots
• ECN Account: Micro and standard lots
• Pro Account: Standard lots
• Available Trading Platforms: MT4, MT5, and proprietary platforms.
• Execution Type:
• Standard Account: Market execution
• ECN Account: ECN execution
• Pro Account: Market execution
• Islamic Account Availability: Yes, available for Muslim traders.
• Swap-Free Options: Offered in Islamic accounts.
• Demo Account Features: Available for practice trading with virtual funds.

Advantages of Each Account Type

• Standard Account:
• Easy to use for beginners
• No commission fees
• Access to a wide range of instruments
• ECN Account:
• Direct market access
• Lower spreads
• Ideal for scalping and high-frequency trading
• Pro Account:
• Advanced trading tools
• Lower trading costs
• Suitable for high-volume traders
• Islamic Account:
• Compliant with Islamic finance principles
• No swap fees
• Flexible trading options
• Demo Account:
• Risk-free trading environment
• Practice with real market conditions
• No time limit for use

Disadvantages of Each Account Type

• Standard Account:
• Higher spreads compared to ECN
• Limited advanced features
• ECN Account:
• Requires higher minimum deposit
• Commission fees can add up
• Pro Account:
• Higher minimum deposit requirement
• More complex trading tools
• Islamic Account:
• Limited availability for certain instruments
• May have higher spreads
• Demo Account:
• No real profit potential
• Limited to virtual funds

Part 3: universe Account Opening Requirements

universe Account Registration Requirements

To open a universe account, prospective traders must meet the following eligibility criteria:

• Age Requirements: Minimum age of 18 years.
• Geographic Restrictions: Availability may vary by region; check local regulations.
• Prohibited Countries: Specific countries may be restricted; consult the universe website for details.
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Must be a recent document showing the applicant's name and address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks as part of the registration process.

Verification Time Frames

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

Part 4: universe Account Opening Process

Step-by-Step universe Account Opening Guide

1. Visit the Website: Go to the universe website and click on the registration button.
2. Personal Information Entry: Fill in required personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Specify trading preferences and risk tolerance.
5. Document Upload: Upload necessary identity verification documents.
6. Account Verification: Wait for the account to be verified by the universe team.
7. Fund Your Account: Once approved, deposit funds into your account to start trading.
8. 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 minor interface differences.

Common Registration Issues and Solutions

• Document Rejection: Ensure all documents are clear and up-to-date.
• Email Confirmation: Check spam folders for confirmation emails.
• Technical Issues: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Account types can be changed by contacting customer support and providing the necessary documentation for the new account type.

Part 5: universe Demo Account Information

universe Demo Account Guide

• Demo Account Features and Benefits:

• Practice trading without financial risk.

• Access to real-time market data and trading conditions.

• How to Open a Demo Account:

• Follow the same registration process and select the Demo account option.

• Demo Account Limitations:

• Limited to virtual funds, no real profits can be made.

• Virtual Balance Amount:

• Typically starts with a virtual balance of $10,000.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds, while live accounts involve real money.

• Duration/Expiry of Demo Accounts:

• Demo accounts may have a time limit or can be used indefinitely based on the broker's policies.

Part 6: universe Islamic Account (if available)

universe Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, available for Muslim traders.

• Eligibility Requirements: Must provide documentation confirming adherence to Islamic finance principles.

• Differences from Standard Accounts:

• No swap fees applied.

• May have different spreads compared to standard accounts.

• How to Apply for Islamic Account:

• Choose the Islamic account option during the registration process and provide necessary documentation.

• Restrictions or Special Conditions: Must comply with Sharia law in trading practices.

FAQs – universe Account Types & Opening

1. What account types does universe offer？

• Universe 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: N/A.

1. How long does universe account verification take？

• Verification typically takes 1-3 business days.

1. Does universe offer demo accounts？

• Yes, universe provides demo accounts for practice trading.

1. Can I have multiple account types with universe？

• Yes, you can have multiple account types, subject to approval.

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

• Yes, Islamic accounts are available for Muslim traders.

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

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

1. Can I change my account type after registration？

• Yes, you can change your account type by contacting customer support.