Forex Accounts Types
Forex account types refer to the different types of accounts that forex traders can choose from when opening an account with a broker. Each account type has its own specific features and benefits, and traders can select the account that best suits their trading style, financial goals, and risk tolerance.
Here are some of the most common types of forex accounts:
Institutes and Professionals
DMA
- Min Deposit $3000
- Max leverage - 1:100
- Spreads from 0.3 Pips
- Commission/Lot 7$
- Swap - Yes
- Min Trade Size - 0.01
- Max Trade Size - 100
- Margin Call - 100%
- Stop Out - 30%
Experts
Best Spreads
- Mini Deposit $1000
- Max leverage - 1:300
- Spreads from 1.5 Pips
- Commission/Lot 0$
- Swap - Yes
- Min Trade Size - 0.01
- Max Trade Size - 100
- Margin Call - 100%
- Stop Out - 30%
Beginners
Free Signals
- Min Deposit $100
- Max leverage - 1:300
- Spreads from 2.1 Pips
- Commission/Lot 0$
- Swap - Yes
- Min Trade Size - 0.01
- Max Trade Size - 100
- Margin Call - 100%
- Stop Out - 30%
People of Islamic Faith
- Min Deposit $2000
- Max leverage - 1:300
- Spreads from 2.4 Pips
- Commission/Lot 0$
- Swap - Free
- Min Trade Size - 0.01
- Max Trade Size - 100
- Margin Call - 100%
- Stop Out - 30%
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ECN Account – An ECN (Electronic Communication Network) account is a type of Forex trading account that allows traders to access the interbank market and trade directly with liquidity providers without the intervention of a dealing desk.
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Premium Account – A Premium account is a type of Forex trading account that is designed for high-net-worth traders who want access to premium trading conditions and services, such as higher leverage, faster execution, and personalized customer support.
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Classic Account – A Classic account is a type of Forex trading account that is suitable for experienced traders who want to trade in larger volumes with a moderate level of risk.
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Islamic Account – An Forex Islamic account, also known as a swap-free account, is designed for Muslim traders who want to trade forex in compliance with Sharia law. It eliminates the payment of interest (swap) on overnight positions, which is prohibited in Islam.
