8MAX broker Accounts

8max Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

8max Account Types Explained

8max offers several account types tailored to different trading needs and preferences. Below is an overview of the available account types, including their features, minimum deposit requirements, and target user profiles.

1. Standard Account

• Minimum Deposit: $5
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:1000
• Key Features: Basic trading tools, access to major currency pairs and CFDs
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies

2. ECN Account

• Minimum Deposit: $100
• Spread/Commission Structure: Raw spreads starting from 0.0 pips + $3 commission per lot
• Leverage Options: Up to 1:500
• Key Features: Direct market access, lower spreads, faster execution
• Target User Profile: Intermediate to advanced traders
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies

3. Pro Account

• Minimum Deposit: $500
• Spread/Commission Structure: Competitive spreads with lower commissions
• Leverage Options: Up to 1:200
• Key Features: Advanced trading tools, priority customer support
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies

4. Islamic Account

• Minimum Deposit: $100
• Spread/Commission Structure: Similar to Standard or ECN accounts, depending on the selected type
• Leverage Options: Up to 1:500
• Key Features: Swap-free trading, compliant with Sharia law
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies

5. Demo Account

• Minimum Deposit: Virtual balance (typically $10,000)
• Spread/Commission Structure: Same as Standard account
• Leverage Options: Up to 1:1000
• Key Features: Risk-free trading environment, practice trading strategies
• Target User Profile: Beginners and traders testing strategies
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed 8max Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $5

• ECN: $100

• Pro: $500

• Islamic: $100

• Demo: Virtual balance

• Maximum Leverage:

• Standard: 1:1000

• ECN: 1:500

• Pro: 1:200

• Islamic: 1:500

• Demo: 1:1000

• Spreads:

• Standard: Starting from 1.5 pips

• ECN: Starting from 0.0 pips

• Pro: Competitive spreads

• Islamic: Similar to Standard or ECN

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: Lower commissions

• Islamic: Same as Standard or ECN

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• All accounts: MT4

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Available for Islamic Account type only.

• Swap-Free Options:

• Available for Islamic Account type only.

• Demo Account Features:

• Virtual trading environment with no risk.

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit
• Suitable for beginners
• Access to a variety of instruments
• Disadvantages:
• Higher spreads compared to ECN
• Limited advanced features

ECN Account

• Advantages:
• Lower spreads and commissions
• Fast execution speeds
• Direct market access
• Disadvantages:
• Higher minimum deposit
• May not be suitable for beginners

Pro Account

• Advantages:
• Advanced trading tools
• Lower commissions
• Priority support
• Disadvantages:
• Higher minimum deposit
• More complex for beginners

Islamic Account

• Advantages:
• Compliant with Sharia law
• Swap-free trading
• Disadvantages:
• Limited to specific account types

Demo Account

• Advantages:
• Risk-free environment
• Ideal for practice
• Disadvantages:
• No real profits
• Limited to virtual funds

8max Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: 8max accepts traders globally, with the exception of the United States, Canada, and Israel.
• Prohibited Countries: United States, Canada, Israel.
• Identity Verification Documents Needed: Government-issued ID (passport or driver's license).
• Proof of Residence Requirements: Utility bill or bank statement with the applicant's name and address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial statements.

KYC/AML Compliance Procedures

8max adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring verification of identity and residence before account activation.

Verification Time Frames

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

Step-by-Step 8max Account Opening Guide

1. Visit Website and Click Registration

Go to the official 8max website and locate 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

Indicate your preferred trading settings, including leverage and trading instruments.

5. Document Upload

Upload the required identification and proof of residence documents.

6. Account Verification

Wait for the verification process to complete, which may take up to 3 business days.

7. Fund Your Account

Once verified, deposit funds into your trading account using the available payment methods.

8. Start Trading

After funding, you can begin trading on the 8max platform.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, though the mobile interface may have a simplified layout.

Common Registration Issues and Solutions

• Issue: Document rejection.
• Solution: Ensure documents are clear and meet the requirements.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

Typically, account approval takes 1 to 3 business days.

How to Upgrade/Downgrade Account Types

Account upgrades or downgrades can be requested through the customer support portal, subject to the new account type's requirements.

8max Demo Account Guide

Demo Account Features and Benefits

• Features: Virtual trading with a simulated balance, access to all trading instruments.
• Benefits: Ideal for practice without financial risk.

How to Open a Demo Account

Visit the 8max website, select the demo account option, and follow the registration steps.

Demo Account Limitations

Demo accounts may have limited features compared to live accounts and are not eligible for real profits.

Virtual Balance Amount

Typically, demo accounts come with a virtual balance of $10,000.

Demo vs Live Account Differences

Demo accounts simulate trading conditions but do not involve real money, while live accounts require actual funds.

Duration/Expiry of Demo Accounts

Demo accounts usually remain active for a limited period, often 30 days, after which they may expire unless converted to a live account.

8max Islamic Account Details

Swap-Free/Islamic Account Availability

8max offers Islamic accounts that comply with Sharia law, allowing for swap-free trading.

Eligibility Requirements

To qualify for an Islamic account, traders must indicate their need for a swap-free option during registration.

Differences from Standard Accounts

Islamic accounts have no swap fees and may have different spread structures.

How to Apply for Islamic Account

Select the Islamic account option during the registration process and provide necessary documentation.

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions, such as limits on certain instruments.

FAQs – 8max Account Types & Opening

1. What account types does 8max offer？

• 8max offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: $5, ECN: $100, Pro: $500, Islamic: $100, Demo: Virtual balance.

1. How long does 8max account verification take？

• Verification typically takes 1 to 3 business days.

1. Does 8max offer demo accounts？

• Yes, 8max provides demo accounts for practice trading.

1. Can I have multiple account types with 8max？

• Yes, traders can open multiple account types as needed.

1. Does 8max offer Islamic/swap-free accounts？

• Yes, 8max provides Islamic accounts that are swap-free.

1. What documents do I need to open a 8max account？

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.