ABHKFX offers several account types tailored to meet the needs of different traders, from beginners to advanced professionals. Below is a detailed overview of the available account types:
| Account Type | Minimum Deposit | Spread | Commission | Leverage | Target User Profile |
|---|---|---|---|---|---|
| Standard | $100 | From 1.0 pips | None | Up to 1:500 | Beginners |
| ECN | $500 | From 0.0 pips | $3 per lot | Up to 1:200 | Experienced traders |
| Pro | $1,000 | From 0.5 pips | $2 per lot | Up to 1:100 | Professional traders |
| Islamic | $100 | Similar to Standard | None | Up to 1:500 | Traders seeking swap-free |
| Demo | Virtual funds | Same as Standard | None | Up to 1:500 | Beginners |
When comparing the features across different account types, the following aspects are essential:
Minimum Deposit:
Standard: $100
ECN: $500
Pro: $1,000
Islamic: $100
Demo: Virtual funds
Maximum Leverage:
Standard: Up to 1:500
ECN: Up to 1:200
Pro: Up to 1:100
Islamic: Up to 1:500
Demo: Up to 1:500
Spreads (Typical/Minimum):
Standard: From 1.0 pips
ECN: From 0.0 pips
Pro: From 0.5 pips
Islamic: Similar to Standard
Commission Fees:
Standard: None
ECN: $3 per lot
Pro: $2 per lot
Islamic: None
Lot Size (Micro/Mini/Standard):
Standard: 1 lot = 100,000 units
ECN: 1 lot = 100,000 units
Pro: 1 lot = 100,000 units
Islamic: 1 lot = 100,000 units
Available Trading Platforms:
All account types support MT4 and MT5.
Execution Type:
Standard: Market execution
ECN: ECN execution
Pro: Market execution
Islamic: Market execution
Islamic Account Availability:
Yes, available for Standard and Islamic accounts.
Swap-Free Options:
Available for Islamic accounts.
Demo Account Features:
Access to all trading tools, virtual funds for practice.
Standard Account:
Easy to use for beginners.
No commission fees.
High leverage options.
ECN Account:
Tight spreads.
Direct market access.
Suitable for scalping.
Pro Account:
Lower commission for high-volume traders.
Advanced trading features.
Better for institutional trading.
Islamic Account:
Compliant with Islamic finance principles.
No swap fees.
Demo Account:
Risk-free trading environment.
Ideal for practice and strategy testing.
Standard Account:
Higher spreads compared to ECN.
ECN Account:
Requires a higher minimum deposit.
Commission fees may add to trading costs.
Pro Account:
Higher minimum deposit requirement.
Not suitable for casual traders.
Islamic Account:
Limited to specific trading conditions.
Demo Account:
Virtual funds may not reflect real market conditions.
To open an account with ABHKFX, the following eligibility criteria and documentation are required:
Eligibility Criteria:
Minimum age: 18 years.
Geographic restrictions may apply; check the website for specific countries.
Prohibited countries include regions under sanctions or restrictions.
Identity Verification Documents Needed:
Government-issued ID (passport or national ID).
Proof of residence (utility bill or bank statement).
Additional Documentation for Professional Accounts:
Financial statements or proof of income may be required.
KYC/AML Compliance Procedures:
All clients must undergo Know Your Customer (KYC) checks.
Anti-Money Laundering (AML) compliance is mandatory.
Verification Time Frames:
Account verification typically takes 1-3 business days, depending on the volume of applications.
The registration process for opening an account with ABHKFX involves the following steps:
ABHKFX offers a demo account for traders to practice without financial risk. Here are the key features and benefits:
Demo Account Features and Benefits:
Access to all trading tools.
Virtual funds typically amounting to $10,000.
Ideal for testing strategies and familiarizing with the platform.
How to Open a Demo Account:
Follow the same registration steps as for a live account, selecting the demo option.
Demo Account Limitations:
Limited to virtual funds; cannot be used for real trading.
Virtual Balance Amount:
Usually set at $10,000 for practice.
Demo vs Live Account Differences:
Demo accounts use virtual funds, while live accounts involve real money.
Duration/Expiry of Demo Accounts:
Demo accounts may expire after a certain period or remain active until the user decides to switch to a live account.
ABHKFX offers Islamic accounts that comply with Sharia law:
Swap-Free/Islamic Account Availability:
Yes, available for Standard and Islamic accounts.
Eligibility Requirements:
Must declare the need for a swap-free account during registration.
Differences from Standard Accounts:
No swap fees charged on overnight positions.
How to Apply for Islamic Account:
Select the Islamic account option during the registration process.
Restrictions or Special Conditions:
Must adhere to Islamic finance principles; check specific terms on the website.
Explore broker markets account types: forex/trading accounts with demo access.