1fx Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

1fx Account Types Explained

1fx offers a variety of account types tailored to meet the diverse needs of traders, from beginners to seasoned professionals. Below is an overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $50
• Spread/Commission Structure: Commission-free, spreads starting from 1.0 pips
• Leverage Options: Up to 1:500
• Key Features: User-friendly interface, access to all trading instruments
• Target User Profile: Beginners
• Trading Instruments Available: Forex, CFDs, commodities, indices

2. Pro Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips, $7 commission per $100k traded
• Leverage Options: Up to 1:200
• Key Features: Advanced trading tools, lower trading costs
• Target User Profile: Experienced traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

3. ECN Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads, commission based on trading volume
• Leverage Options: Up to 1:100
• Key Features: Direct market access, faster execution speeds
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Forex, commodities, indices

4. Islamic Account

• Minimum Deposit Requirement: $50
• Spread/Commission Structure: Similar to the Standard Account, but swap-free
• Leverage Options: Up to 1:500
• Key Features: Complies with Sharia law, no interest on overnight positions
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, CFDs, commodities, indices

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Simulated trading environment
• Leverage Options: Up to 1:500
• Key Features: Practice trading without financial risk
• Target User Profile: Beginners and those testing strategies
• Trading Instruments Available: All instruments available in live accounts

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: Pro Account
• Advanced Traders: ECN Account
• Muslim Traders: Islamic Account
• Practice Traders: Demo Account

Detailed 1fx Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account: Easy to use, no commissions, ideal for beginners.
• Pro Account: Lower trading costs, advanced tools, suitable for experienced traders.
• ECN Account: Direct market access, faster execution, preferred by professionals.
• Islamic Account: Complies with Sharia law, no overnight interest.
• Demo Account: Risk-free environment to practice trading strategies.

Disadvantages of Each Account Type

• Standard Account: Limited advanced features.
• Pro Account: Higher minimum deposit required.
• ECN Account: Higher minimum deposit and commission structure.
• Islamic Account: Limited to specific trading conditions.
• Demo Account: No real financial gains, limited duration.

1fx Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to most countries; check specific restrictions.
• Prohibited Countries: Specific countries may be restricted based on local regulations.
• Identity Verification Documents Needed:
• Valid government-issued ID (Passport or Drivers License)
• Proof of Residence Requirements:
• Recent utility bill or bank statement (issued within the last 3 months)
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

• 1fx adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to verify their identity and address.

Verification Time Frames

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

Step-by-Step 1fx Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Go to the 1fx website and select the account type you wish to open.
2. Personal Information Entry: Fill in your personal details including name, email, and phone number.
3. Choose Account Type: Select from the available account types (Standard, Pro, ECN, Islamic, or Demo).
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload the required identification and proof of residence documents.
6. Account Verification: Wait for the verification team to review your documents.
7. Fund Your Account: Once verified, deposit funds into your account to start trading.
8. Start Trading: Access the trading platform and begin your trading journey.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with mobile offering a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Delayed verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Generally, account approval takes between 1-3 business days.

How to Upgrade/Downgrade Account Types

• Account types can be changed by contacting customer support and following their instructions for upgrading or downgrading.

1fx Demo Account Guide

Demo Account Features and Benefits

• The demo account allows users to practice trading with virtual funds, providing a risk-free environment to develop trading skills.

How to Open a Demo Account

• Users can open a demo account directly from the 1fx website by selecting the demo option during registration.

Demo Account Limitations

• The demo account is limited to a certain duration (typically 30 days) and does not provide real financial gains.

Virtual Balance Amount

• The demo account usually comes with a virtual balance of $10,000.

Demo vs Live Account Differences

• The demo account simulates trading conditions but does not involve real money or actual market risks.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days unless extended by contacting customer support.

1fx Islamic Account Details

Swap-Free/Islamic Account Availability

• 1fx offers an Islamic account that is compliant with Sharia law, allowing Muslim traders to engage in trading without incurring interest.

Eligibility Requirements

• Traders must declare their need for an Islamic account during registration.

Differences from Standard Accounts

• The Islamic account does not incur swap fees for overnight positions.

How to Apply for Islamic Account

• During the account registration process, select the Islamic account option.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions, such as limited access to certain instruments.

FAQs – 1fx Account Types & Opening

1. What account types does 1fx offer？

• 1fx offers Standard, Pro, ECN, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $50, Pro: $500, ECN: $1,000, Islamic: $50, Demo: N/A.

1. How long does 1fx account verification take？

• Verification typically takes 1-3 business days.

1. Does 1fx offer demo accounts？

• Yes, 1fx provides demo accounts for practice trading.

1. Can I have multiple account types with 1fx？

• Yes, you can open multiple accounts with different types.

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

• Yes, 1fx offers Islamic accounts that comply with Sharia law.

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

• A valid ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, account types can be changed by contacting customer support.