Abbasi broker Accounts

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

abbasi Account Types Explained

Abbasi offers a variety of account types tailored to meet the needs of different traders. Heres a detailed overview of each account type:

1. Standard Account

• Minimum Deposit Requirement: Varies by broker, typically around PKR 10,000.
• Spread/Commission Structure: Variable spreads starting from 1.5 pips; commissions may apply based on trading volume.
• Leverage Options: Up to 1:100.
• Key Features: Access to a wide range of trading instruments, including forex, commodities, and indices.
• Target User Profile: Suitable for beginner to intermediate traders.
• Trading Instruments Available: Forex pairs, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: PKR 50,000.
• Spread/Commission Structure: Tight spreads starting from 0 pips; commission fees apply (typically PKR 50 per lot).
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, faster execution, and lower spreads.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex pairs, commodities, cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: PKR 100,000.
• Spread/Commission Structure: Competitive spreads with lower commission rates compared to Standard accounts.
• Leverage Options: Up to 1:500.
• Key Features: Enhanced trading conditions, including access to premium trading tools.
• Target User Profile: Professional traders and institutional clients.
• Trading Instruments Available: All available instruments including forex, commodities, and stocks.

4. Islamic Account

• Minimum Deposit Requirement: Similar to Standard or Pro accounts.
• Spread/Commission Structure: Variable spreads; no swap fees.
• Leverage Options: Up to 1:100.
• Key Features: Complies with Sharia law, offering swap-free trading.
• Target User Profile: Traders seeking Sharia-compliant trading options.
• Trading Instruments Available: Forex pairs, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000).
• Spread/Commission Structure: Same as Standard account.
• Leverage Options: Same as Standard account.
• Key Features: Risk-free environment to practice trading strategies.
• Target User Profile: Beginners and those wanting to test strategies.
• Trading Instruments Available: Same as Standard account.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account, Demo Account
• Intermediate: Pro Account
• Advanced: ECN Account
• Islamic Compliance: Islamic Account

Detailed abbasi Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account: Easy to open, suitable for beginners, wide range of instruments.
• ECN Account: Low spreads, direct market access, ideal for high-frequency trading.
• Pro Account: Enhanced trading conditions, suitable for professionals.
• Islamic Account: Complies with Sharia law, no swap fees.
• Demo Account: Risk-free trading, practice strategies without financial risk.

Disadvantages of Each Account Type

• Standard Account: Higher spreads compared to ECN.
• ECN Account: Requires higher minimum deposit, commissions can add up.
• Pro Account: High minimum deposit may not be accessible for all traders.
• Islamic Account: Limited to specific trading conditions.
• Demo Account: Limited duration and virtual funds may not reflect real market conditions.

abbasi Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of Pakistan and select countries.
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.
• Identity Verification Documents Needed:
• Copy of CNIC/NICOP/Passport.
• Biometric verification or OTP verification.
• One passport-sized photo.
• Proof of Residence Requirements: Utility bill or bank statement showing the current address.
• Additional Documentation for Professional Accounts: Source of income documentation, such as salary slips or business registration documents.

KYC/AML Compliance Procedures

• All clients must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks as part of the registration process.

Verification Time Frames

• Account verification typically takes 24 to 48 hours after submission of all required documents.

Step-by-Step abbasi Account Opening Guide

Detailed Registration Process

1. Visit Website: Go to the Abbasi website.
2. Click Registration: Find the account registration section.
3. Personal Information Entry: Fill in personal details including name, address, and contact information.
4. Choose Account Type: Select the desired account type from the available options.
5. Set Trading Preferences: Specify trading preferences such as leverage and trading instruments.
6. Document Upload: Upload required identity verification documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds to start trading.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but mobile users may experience a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are clear and in the required format.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes 24 to 48 hours.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of the account type.

abbasi Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies.
• Access to real market conditions without financial risk.

How to Open a Demo Account

• Visit the Abbasi website and select the demo account option, then follow the registration process.

Demo Account Limitations

• Limited duration and virtual balance may not reflect real trading conditions.

Virtual Balance Amount

• Typically around $10,000 in virtual funds.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money and trading conditions.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days unless extended.

abbasi Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available and comply with Sharia law.

Eligibility Requirements

• Must provide documentation supporting the request for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process or contact customer support.

Restrictions or Special Conditions

• May have specific trading conditions regarding certain instruments.

FAQs – abbasi Account Types & Opening

1. What account types does abbasi offer？

• Abbasi offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: PKR 10,000, ECN: PKR 50,000, Pro: PKR 100,000, Islamic: Similar to Standard.

1. How long does abbasi account verification take？

• Verification typically takes 24 to 48 hours.

1. Does abbasi offer demo accounts？

• Yes, abbasi offers demo accounts for practice trading.

1. Can I have multiple account types with abbasi？

• Yes, clients can hold multiple account types.

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

• Yes, Islamic accounts are available.

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

• CNIC/NICOP/Passport, biometric verification, and proof of residence.

1. Can I change my account type after registration？

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