| Account Type | Minimum Deposit | Spread Type | Commission | Leverage | Key Features |
|---|---|---|---|---|---|
| Standard | $100 | Variable (from 1.0) | None | 1:500 | Beginner-friendly |
| ECN | $500 | Raw (from 0.0) | $3 per lot | 1:200 | Direct market access |
| Pro | $1,000 | Fixed (from 1.5) | None | 1:300 | Advanced tools, priority support |
| Islamic | $100 | Variable (similar to Standard) | None | 1:500 | Swap-free options |
| Demo | N/A | Simulated | N/A | 1:500 | Practice trading without risk |
| Feature | Standard Account | ECN Account | Pro Account | Islamic Account | Demo Account |
|---|---|---|---|---|---|
| Minimum Deposit | $100 | $500 | $1,000 | $100 | N/A |
| Maximum Leverage | 1:500 | 1:200 | 1:300 | 1:500 | 1:500 |
| Typical Spread | From 1.0 pips | From 0.0 pips | From 1.5 pips | Similar to Standard | Simulated |
| Commission Fees | None | $3 per lot | None | None | N/A |
| Lot Size | Standard | Micro, Mini, Standard | Standard | Standard | N/A |
| Available Trading Platforms | cTrader, MT4 | cTrader, MT4 | cTrader, MT4 | cTrader, MT4 | cTrader |
| Execution Type | Market | ECN | Market | Market | Simulated |
| Islamic Account Availability | No | No | No | Yes | N/A |
| Swap-Free Options | No | No | No | Yes | N/A |
| Demo Account Features | N/A | N/A | N/A | N/A | Virtual balance, unlimited time |
Standard Account:
User-friendly interface
No commission fees
High leverage options
ECN Account:
Lower spreads
Direct market access
Suitable for high-frequency trading
Pro Account:
Advanced trading tools
Priority support
Fixed spreads for better planning
Islamic Account:
Compliance with Islamic finance principles
No swap fees
Demo Account:
Risk-free trading environment
Unlimited access to practice strategies
Standard Account:
Higher spreads compared to ECN
Limited advanced features
ECN Account:
Higher minimum deposit
Commission fees may add up
Pro Account:
Higher minimum deposit
Not suitable for beginners
Islamic Account:
Limited availability of advanced features
Demo Account:
No real money involved
Limited to virtual trading conditions
Eligibility Criteria:
Age Requirements: Minimum age of 18 years
Geographic Restrictions: Available in most countries; specific restrictions may apply
Prohibited Countries: Not specified in the sources
Identity Verification Documents Needed:
Valid government-issued ID (passport or driver's license)
Proof of address (utility bill or bank statement)
Proof of Residence Requirements:
Recent utility bill or bank statement not older than three months
Additional Documentation for Professional Accounts:
Financial statements or proof of trading experience may be required
KYC/AML Compliance Procedures:
All clients must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks
Verification Time Frames:
Account verification typically takes 24-48 hours
Issue: Unable to upload documents.
Solution: Ensure files are in the correct format and within size limits.
Issue: Account verification delays.
Solution: Contact customer support for assistance.
Demo Account Features and Benefits:
Access to all trading instruments
Simulated trading environment with virtual funds
How to Open a Demo Account:
Follow the same registration steps as for a live account, selecting the demo option.
Demo Account Limitations:
Limited to virtual trading; no real profits or losses.
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 set duration or can be used indefinitely, depending on the broker's policy.
Swap-Free/Islamic Account Availability:
Yes, voyage markets offers Islamic accounts.
Eligibility Requirements:
Must adhere to Islamic finance principles.
Differences from Standard Accounts:
No swap fees applied on overnight positions.
How to Apply for Islamic Account:
Select the Islamic account option during the registration process.
Restrictions or Special Conditions:
Must comply with Islamic finance regulations.
Explore broker markets account types: forex/trading accounts with demo access.