A1FX Forex Broker keeps up-to-date with the latest trading account information, including PRO, VIP, SPECIAL, STANDARD maximum leverage of 1:10, trading varieties, and more
A1FX offers several account types tailored to different trading needs. Below is a detailed overview of each account type:
| Account Type | Minimum Deposit | Spread/Commission Structure | Leverage Options | Key Features | Target User Profile | Trading Instruments |
|---|---|---|---|---|---|---|
| Standard Account | $100 | Variable spreads from 1.5 pips | Up to 1:500 | User-friendly, suitable for beginners | Beginners | Forex, Commodities |
| ECN Account | $500 | Raw spreads from 0.0 pips + commission | Up to 1:500 | Direct market access, lower spreads | Advanced traders | Forex, Indices |
| Pro Account | $1,000 | Competitive spreads, lower commissions | Up to 1:200 | Advanced trading tools, priority support | Professional traders | Forex, Commodities, Indices |
| Islamic Account | $100 | Similar to Standard, but swap-free | Up to 1:500 | Complies with Sharia law | Muslim traders | Forex, Commodities |
| Demo Account | Free | N/A | N/A | Practice trading without risk | All levels | All instruments available in live accounts |
| Feature | Standard Account | ECN Account | Pro Account | Islamic Account | Demo Account |
|---|---|---|---|---|---|
| Minimum Deposit | $100 | $500 | $1,000 | $100 | Free |
| Maximum Leverage | 1:500 | 1:500 | 1:200 | 1:500 | N/A |
| Spreads | Variable from 1.5 pips | Raw from 0.0 pips | Competitive | Similar to Standard | N/A |
| Commission Fees | None | Yes, varies | Lower than Standard | None | N/A |
| Lot Size | Standard | Micro, Mini, Standard | Standard | Standard | N/A |
| Trading Platforms | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4, MT5 |
| Execution Type | Market | ECN | Market | Market | N/A |
| Islamic Account Availability | No | No | No | Yes | No |
| Swap-Free Options | No | No | No | Yes | No |
| Demo Account Features | N/A | N/A | N/A | N/A | Full access to trading instruments |
| Advantages | Easy to use, no commission | Low spreads, direct market access | Advanced tools, priority support | Compliant with Sharia law | Risk-free trading experience |
| Disadvantages | Higher spreads | Requires higher deposit | Higher minimum deposit | Limited to Muslim traders | Limited duration |
Eligibility Criteria:
Age Requirements: Must be at least 18 years old.
Geographic Restrictions: Not available in certain jurisdictions (specific countries may be restricted).
Prohibited Countries: Specific countries may be restricted based on regulatory compliance.
Identity Verification Documents Needed:
Proof of Identity: Valid government-issued ID (passport, national ID, or driver's license).
Proof of Residence: Recent utility bill, bank statement, or government document showing your name and address.
Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.
KYC/AML Compliance Procedures: A1FX adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring verification of identity and residence.
Verification Time Frames: Typically, account verification takes 1-3 business days, depending on the completeness of the submitted documents.
Demo Account Features and Benefits:
Allows traders to practice without financial risk.
Access to all trading instruments available in live accounts.
Full functionality of trading platforms (MT4, MT5).
How to Open a Demo Account:
Follow the same registration steps as for a live account, selecting "Demo Account" during the account type selection.
Demo Account Limitations:
Limited duration (typically 30 days) before requiring conversion to a live account.
Virtual Balance Amount:
Usually starts with a virtual balance of $10,000 or similar.
Demo vs Live Account Differences:
Demo accounts use virtual funds and do not involve real financial risk, while live accounts involve actual trading with real money.
Duration/Expiry of Demo Accounts:
Demo accounts typically expire after 30 days of inactivity unless converted to a live account.
Explore broker markets account types: forex/trading accounts with demo access.