AFCH broker Accounts

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

afch Account Types Explained

AFCH offers a variety of account types tailored to meet the diverse needs of traders. Below is a detailed overview of each account type available:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips, no commission.
• Leverage Options: Up to 1:500.
• Key Features: User-friendly interface, access to educational resources.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Tight spreads starting from 0.1 pips, commission of $3 per lot.
• Leverage Options: Up to 1:100.
• Key Features: Direct market access, lower latency, and no requotes.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips, commission of $2 per lot.
• 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, indices, commodities, and stocks.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to the Standard account, but swap-free.
• Leverage Options: Up to 1:500.
• Key Features: Compliance with Sharia law, no interest charges.
• Target User Profile: Muslim traders seeking halal trading options.
• Trading Instruments Available: Forex, commodities.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance of $10,000.
• Spread/Commission Structure: Similar to the Standard account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free trading environment, practice strategies.
• Target User Profile: Beginners and those testing new strategies.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed afch Account Features

Account Features Comparison

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit.
• No commission fees.
• Ideal for beginners.
• Disadvantages:
• Higher spreads compared to ECN accounts.
• Limited advanced features.

ECN Account

• Advantages:
• Tight spreads and direct market access.
• Suitable for scalping and high-frequency trading.
• Disadvantages:
• Higher minimum deposit required.
• Commission fees apply.

Pro Account

• Advantages:
• Advanced trading tools and features.
• Lower commission fees compared to ECN.
• Disadvantages:
• High minimum deposit.
• More suited for experienced traders.

Islamic Account

• Advantages:
• Complies with Sharia law.
• No interest charges.
• Disadvantages:
• Limited to specific trading instruments.
• Similar spreads to Standard account.

Demo Account

• Advantages:
• Risk-free environment for practice.
• Access to all trading features.
• Disadvantages:
• No real money involved.
• Limited duration for practice.

afch Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries, but specific restrictions may apply.
• Prohibited Countries: Countries under international sanctions may be restricted.
• Identity Verification Documents Needed:
• Government-issued ID (passport or driver's license).
• Proof of residence (utility bill or bank statement).
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• AFCH adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring verification of identity and residence.

Verification Time Frames

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

Step-by-Step afch Account Opening Guide

Registration Process

1. Visit Website: Go to the AFCH official website.
2. Click Registration: Locate and click on the "Open Account" button.
3. Personal Information Entry: Fill in your 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 your trading preferences, such as leverage and trading instruments.
6. Document Upload: Upload required identity verification documents.
7. Account Verification: Wait for account verification, which may take a few days.
8. Fund Your Account: Deposit the minimum required amount to start trading.
9. Start Trading: Access your trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, although the mobile interface may be more streamlined.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and in the correct format (JPEG, PDF).
• Issue: Delayed verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• The average account approval time is 1-3 business days, depending on the completeness of the submitted documents.

How to Upgrade/Downgrade Account Types

• Users can contact customer support to request an upgrade or downgrade of their account type, subject to the minimum deposit requirements.

afch Demo Account Guide

Demo Account Features and Benefits

• Provides a virtual trading environment with a balance of $10,000.
• Allows users to practice trading strategies without financial risk.

How to Open a Demo Account

• Follow the same registration process as a live account but select the demo option during account type selection.

Demo Account Limitations

• Limited to virtual trading; no real funds are involved.
• May have an expiration period (typically 30 days).

Virtual Balance Amount

• The demo account typically comes with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts simulate trading conditions but do not involve real money or actual profits.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity or upon reaching the maximum usage time set by AFCH.

afch Islamic Account Details

Swap-Free/Islamic Account Availability

• AFCH offers Islamic accounts that comply with Sharia law, providing a swap-free trading experience.

Eligibility Requirements

• Traders must declare their intention to open an Islamic account and provide necessary documentation.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for Muslim traders.

How to Apply for Islamic Account

• During the registration process, select the Islamic account option and provide the required documentation.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions, including limitations on certain instruments.

FAQs – afch Account Types & Opening

1. What account types does afch offer？

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

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

• Standard: $100, ECN: $500, Pro: $1,000, Islamic: $100, Demo: $0.

1. How long does afch account verification take？

• Account verification typically takes 1-3 business days.

1. Does afch offer demo accounts？

• Yes, AFCH offers demo accounts for practice trading.

1. Can I have multiple account types with afch？

• Yes, traders can open multiple account types.

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

• Yes, AFCH offers Islamic accounts that are swap-free.

1. What documents do I need to open a afch 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.