XCAP broker Accounts

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

Part 1: xcap Account Types Explained

Available Account Types

XCAP offers several account types to cater to different trading needs and profiles. Below is a detailed overview of each account type:

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: Detailed xcap Account Features

Comparison of Features Across Account Types

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit
• No commission fees
• User-friendly for beginners
• Disadvantages:
• Higher spreads compared to ECN or Pro accounts
• Limited advanced trading tools

ECN Account

• Advantages:
• Low spreads and direct market access
• Fast execution speeds
• Ideal for scalpers and high-frequency traders
• Disadvantages:
• Higher minimum deposit
• Commission fees apply

Pro Account

• Advantages:
• Tight spreads and low commissions
• Access to advanced trading tools
• Priority customer support
• Disadvantages:
• High minimum deposit
• Not suitable for beginners

Islamic Account

• Advantages:
• Compliant with Sharia law
• No swap fees
• Disadvantages:
• Higher minimum deposit than Standard
• Limited availability of trading instruments

Demo Account

• Advantages:
• Risk-free trading environment
• Access to all trading features
• Disadvantages:
• No real money trading
• Limited duration for practice

Part 3: xcap 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; refer to the xcap website for details.
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license)
• 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

XCAP adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies to ensure the integrity of its trading environment. This includes verifying the identity of clients and monitoring transactions.

Verification Time Frames

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

Part 4: Step-by-Step xcap Account Opening Guide

Registration Process

1. Visit the Website: Go to the official xcap website and click on the registration button.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the account type that best suits your trading needs.
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the verification process to be completed.
7. Fund Your Account: Deposit funds into your account using the available payment methods.
8. Start Trading: Once your account is funded and verified, you can start trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, though mobile users may have a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and meet the required format.
• Issue: Account verification delays.
• 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

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

Part 5: xcap Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading platforms and tools without financial risk.
• Benefits: Ideal for practicing trading strategies and familiarizing with the trading environment.

How to Open a Demo Account

1. Visit the xcap website and navigate to the demo account section.
2. Fill out the demo registration form.
3. Receive login credentials for the demo account.

Demo Account Limitations

• Virtual Balance Amount: Typically set at $10,000 for practice.
• Duration/Expiry of Demo Accounts: Demo accounts may expire after a set period, usually 30 days.

Virtual Balance Amount

Demo accounts typically come with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money trading.
• Live accounts may have additional features such as access to real-time market data.

Part 6: xcap Islamic Account Details

Swap-Free/Islamic Account Availability

XCAP offers Islamic accounts that comply with Sharia law, allowing traders to engage in trading without incurring swap fees.

Eligibility Requirements

To qualify for an Islamic account, traders must provide documentation confirming their adherence to Islamic financial principles.

Differences from Standard Accounts

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

How to Apply for Islamic Account

Traders can apply for an Islamic account during the registration process by selecting the Islamic account option.

Restrictions or Special Conditions

Islamic accounts may have specific conditions regarding trading instruments and leverage.

FAQs – xcap Account Types & Opening

1. What account types does xcap offer？

• XCAP 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: $500.

1. How long does xcap account verification take？

• Account verification typically takes 1-3 business days.

1. Does xcap offer demo accounts？

• Yes, xcap offers demo accounts for practice trading.

1. Can I have multiple account types with xcap？

• Yes, you can have multiple account types, but you need to manage them separately.

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

• Yes, xcap offers Islamic accounts that are swap-free.

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

• You need a government-issued ID and proof of residence.

1. Can I change my account type after registration？

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