Warburg Pincus offers a variety of account types tailored to different investor needs. Below is a detailed overview of the available account types:
| Account Type | Minimum Deposit | Spread (pips) | Commission | Leverage | Target User Profile |
|---|---|---|---|---|---|
| Standard | $10,000 | From 1.5 | None | 1:100 | Beginner to Intermediate |
| ECN | $25,000 | From 0.1 | $5/lot | 1:200 | Advanced Traders |
| Pro | $50,000 | From 0.5 | $3/lot | 1:300 | Experienced Traders |
| Islamic | $10,000 | Similar to Standard | None | 1:100 | Muslim Traders |
| Demo | N/A | Similar to Standard | N/A | 1:100 | Beginners |
The following features are compared across different account types:
Minimum Deposit:
Standard: $10,000
ECN: $25,000
Pro: $50,000
Islamic: $10,000
Demo: N/A
Maximum Leverage:
Standard: 1:100
ECN: 1:200
Pro: 1:300
Islamic: 1:100
Demo: 1:100
Spreads (Typical/Minimum):
Standard: From 1.5 pips
ECN: From 0.1 pips
Pro: From 0.5 pips
Islamic: Similar to Standard
Demo: Similar to Standard
Commission Fees:
Standard: None
ECN: $5 per lot
Pro: $3 per lot
Islamic: None
Demo: N/A
Lot Size:
Standard: Micro, Mini, Standard
ECN: Micro, Mini, Standard
Pro: Micro, Mini, Standard
Islamic: Micro, Mini, Standard
Demo: Micro, Mini, Standard
Available Trading Platforms:
Standard: MT4, MT5
ECN: MT4, MT5
Pro: MT4, MT5
Islamic: MT4, MT5
Demo: MT4, MT5
Execution Type:
Standard: Market
ECN: ECN
Pro: ECN
Islamic: Market
Demo: Market
Islamic Account Availability:
Standard: Yes
ECN: Yes
Pro: Yes
Islamic: Yes
Demo: No
Swap-Free Options:
Standard: Yes
ECN: Yes
Pro: Yes
Islamic: Yes
Demo: No
Demo Account Features:
Virtual funds for practice, access to all trading instruments.
Eligibility Criteria:
Age Requirements: Must be at least 18 years old.
Geographic Restrictions: Available in most countries, but specific restrictions may apply.
Prohibited Countries: Not specified in the sources.
Identity Verification Documents Needed:
Government-issued ID (passport or driver's license).
Proof of residence (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:
Financial statements or proof of trading experience may be required.
KYC/AML Compliance Procedures:
Standard Know Your Customer (KYC) and Anti-Money Laundering (AML) checks are conducted during the verification process.
Verification Time Frames:
Typically takes 1-3 business days for account verification.
Issue: Document upload failures.
Solution: Ensure documents are clear and in the correct format.
Issue: Delayed verification.
Solution: Contact customer support for assistance.
Demo Account Features and Benefits:
Allows users to practice trading without financial risk, access to all trading instruments.
How to Open a Demo Account:
Follow the registration process and select the demo account option.
Demo Account Limitations:
Limited to virtual funds and may have a time limit on usage.
Virtual Balance Amount:
Typically provided with a virtual balance of $100,000.
Demo vs Live Account Differences:
Demo accounts use virtual funds, while live accounts involve real money trading.
Duration/Expiry of Demo Accounts:
Demo accounts usually expire after 30 days of inactivity.
Swap-Free/Islamic Account Availability:
Yes, Warburg Pincus offers Islamic accounts compliant with Sharia law.
Eligibility Requirements:
Must be a Muslim trader seeking a compliant trading option.
Differences from Standard Accounts:
Islamic accounts do not incur swap fees on overnight positions.
How to Apply for Islamic Account:
Select the Islamic account option during the registration process.
Restrictions or Special Conditions:
Must adhere to Islamic trading principles.
Explore broker markets account types: forex/trading accounts with demo access.