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License
When it comes to trading with ur, several account types are available to cater to different trading needs and preferences. Below is a detailed overview of the available account types:
| Account Type | Minimum Deposit | Spread/Commission | Leverage Options | Key Features | Target User Profile | Trading Instruments |
|---|---|---|---|---|---|---|
| Standard | $100 | Variable, from 1.0 pips | Up to 1:500 | Basic trading features, suitable for beginners | Beginner | Forex, CFDs |
| ECN | $500 | Low spreads, commission applies | Up to 1:200 | Direct market access, low latency | Advanced | Forex, Commodities |
| Pro | $1,000 | Tight spreads, commission applies | Up to 1:100 | Advanced trading tools, professional support | Institutional | Forex, Indices, Commodities |
| Islamic | $500 | Variable, from 1.0 pips | Up to 1:500 | Swap-free, compliant with Sharia law | Muslim traders | Forex, CFDs |
| Demo | N/A | N/A | N/A | Practice trading with virtual funds | All levels | Forex, CFDs |
| Feature | Standard Account | ECN Account | Pro Account | Islamic Account | Demo Account |
|---|---|---|---|---|---|
| Minimum Deposit | $100 | $500 | $1,000 | $500 | N/A |
| Maximum Leverage | Up to 1:500 | Up to 1:200 | Up to 1:100 | Up to 1:500 | N/A |
| Spreads | Variable, from 1.0 pips | Low spreads, commission applies | Tight spreads, commission applies | Variable, from 1.0 pips | N/A |
| Commission Fees | None | Yes | Yes | None | N/A |
| Lot Size | Standard | Micro, Mini, Standard | Standard | Standard | N/A |
| Available Trading Platforms | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4, MT5 |
| Execution Type | Market | ECN | Market | Market | N/A |
| 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:
Easy to open and manage.
Suitable for new traders.
No commission fees.
ECN Account:
Direct market access.
Lower spreads.
Ideal for high-frequency trading.
Pro Account:
Professional trading tools.
Tight spreads and advanced features.
Priority customer support.
Islamic Account:
Complies with Sharia law.
No swap fees.
Suitable for Muslim traders.
Demo Account:
Risk-free trading environment.
Practice strategies without financial risk.
Full access to trading platforms.
Standard Account:
Higher spreads compared to ECN accounts.
Limited advanced features.
ECN Account:
Requires a higher minimum deposit.
Commission fees can add up.
Pro Account:
Higher minimum deposit.
More complex trading tools may overwhelm beginners.
Islamic Account:
Limited to Muslim traders.
May have fewer features compared to standard accounts.
Demo Account:
No real money involved.
Limited to a virtual balance.
To open an account with ur, you must meet specific eligibility criteria:
Issue: Document upload fails.
Solution: Ensure documents are clear and meet size requirements.
Issue: Verification delays.
Solution: Contact customer support for assistance.
Demo Account Features and Benefits:
Access to all trading platforms.
Practice trading strategies without financial risk.
Virtual balance to simulate real trading conditions.
How to Open a Demo Account:
Visit the ur website and select the demo account option.
Fill in the required information and submit.
Demo Account Limitations:
Limited to virtual funds.
May have an expiration date.
Virtual Balance Amount:
Typically set at $10,000 or similar for practice.
Demo vs Live Account Differences:
Demo accounts do not involve real money; live accounts do.
Duration/Expiry of Demo Accounts:
Demo accounts may expire after a set period, usually 30 days.
Explore broker markets account types: forex/trading accounts with demo access.