Able broker Accounts

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

Part 1: able Account Types Overview

able Account Types Explained

1. Standard Account

• Minimum Deposit Requirement: $25
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
• Leverage Options: Up to 1:30 for retail clients.
• Key Features: Basic trading features suitable for beginners.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission applies.
• Leverage Options: Up to 1:100.
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Competitive spreads starting from 0.5 pips; commission applies.
• Leverage Options: Up to 1:200.
• Key Features: Enhanced trading conditions and priority customer support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and futures.

4. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts; no swap fees.
• Leverage Options: Up to 1:100.
• Key Features: Complies with Sharia law; no interest on overnight positions.
• Target User Profile: Muslim traders seeking compliance with Islamic finance principles.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000).
• Spread/Commission Structure: Similar to live accounts.
• Leverage Options: Up to 1:30.
• Key Features: Practice trading without financial risk.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: able Account Features Comparison

Detailed able Account Features

• Minimum Deposit:

• Standard: $25

• ECN: $500

• Pro: $1,000

• Islamic: $500

• Demo: Virtual funds

• Maximum Leverage:

• Standard: Up to 1:30

• ECN: Up to 1:100

• Pro: Up to 1:200

• Islamic: Up to 1:100

• Demo: Up to 1:30

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: From 0.5 pips

• Islamic: Similar to Standard

• Demo: Similar to live accounts

• Commission Fees:

• Standard: No

• ECN: Yes

• Pro: Yes

• Islamic: No

• Demo: No

• Lot Size:

• Standard: Micro and Mini

• ECN: Standard

• Pro: Standard

• Islamic: Standard

• Demo: Micro and Mini

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: Instant

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: No

• ECN: No

• Pro: No

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Standard: No

• ECN: No

• Pro: No

• Islamic: Yes

• Demo: No

• Demo Account Features:

• Virtual balance amount: Typically $10,000

• Duration/expiry: Usually 30 days or until funds are depleted.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• No commission fees

• User-friendly interface

• ECN Account:

• Direct market access

• Lower spreads

• Suitable for high-frequency trading

• Pro Account:

• Enhanced trading conditions

• Priority customer support

• Suitable for professional traders

• Islamic Account:

• Complies with Sharia law

• No interest charges

• Suitable for Muslim traders

• Demo Account:

• Risk-free trading environment

• Practice strategies

• Access to all trading instruments

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited features for advanced traders

• ECN Account:

• Higher minimum deposit

• Commission fees can add up

• Pro Account:

• High minimum deposit

• Commission fees apply

• Islamic Account:

• Limited availability

• May have higher spreads

• Demo Account:

• Virtual funds limit real trading experience

• Time-limited access

Part 3: able Account Opening Requirements

able Account Registration Requirements

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old to open an account independently.

• Geographic Restrictions: Open to residents of countries where able operates.

• Prohibited Countries: Specific countries may be restricted based on local regulations.

• Identity Verification Documents Needed:

• Government-issued ID (passport or driver's license)

• Social Security Number or Tax Identification Number

• Proof of residence (utility bill or bank statement)

• Additional Documentation for Professional Accounts:

• Financial statements may be required for Pro and ECN accounts.

• KYC/AML Compliance Procedures:

• Complete identity verification process upon registration.

• Submit required documents for verification.

• Verification Time Frames:

• Typically, account verification takes 1-3 business days.

Part 4: able Account Opening Process

Step-by-Step able Account Opening Guide

1. Visit Website and Click Registration: Navigate to the able website and select the account type you wish to open.
2. Personal Information Entry: Fill in your personal details, including name, address, date of birth, and contact information.
3. Choose Account Type: Select the account type that best suits your trading needs.
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the account to be verified by the able team.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once funded, you can begin trading on your chosen platform.

• Desktop vs Mobile Registration Differences: The registration process is similar on both platforms, but mobile may have additional app-specific features.
• Common Registration Issues and Solutions: Ensure all documents are clear and legible; contact support for assistance with any technical issues.
• Average Account Approval Time: Generally, 1-3 business days for verification.
• How to Upgrade/Downgrade Account Types: Contact customer support to request an upgrade or downgrade of your account type.

Part 5: able Demo Account Information

able Demo Account Guide

• Demo Account Features and Benefits:

• Risk-free trading environment to practice strategies.

• Access to all trading instruments available in live accounts.

• How to Open a Demo Account:

• Visit the able website and select the demo account option.

• Fill in the required information to create your demo account.

• Demo Account Limitations:

• Limited to virtual funds, typically $10,000.

• Time-limited access, usually 30 days.

• Virtual Balance Amount: Typically $10,000 in virtual funds.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds; live accounts involve real money.

• Demo accounts may not reflect real-time market conditions.

• Duration/Expiry of Demo Accounts: Usually expires after 30 days or when funds are depleted.

Part 6: able Islamic Account Details

able Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, available for traders seeking compliance with Islamic finance principles.
• Eligibility Requirements: Must meet the same criteria as other account types; specifically designed for Muslim traders.
• Differences from Standard Accounts: No interest on overnight positions; spreads may vary.
• How to Apply for Islamic Account: Select the Islamic account option during registration or contact customer support for assistance.
• Restrictions or Special Conditions: Must comply with Sharia law; no swap fees apply.

FAQs – able Account Types & Opening

1. What account types does able offer？

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

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

• Standard: $25, ECN: $500, Pro: $1,000, Islamic: $500, Demo: Virtual funds.

1. How long does able account verification take？

• Account verification typically takes 1-3 business days.

1. Does able offer demo accounts？

• Yes, able offers demo accounts for practice trading.

1. Can I have multiple account types with able？

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

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

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

1. What documents do I need to open an able account？

• Government-issued ID, Social Security Number, 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.