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

affin hwang Account Types Explained

Affin Hwang Investment Bank Berhad offers a variety of account types tailored to meet the needs of different traders. Below is a detailed overview of the available account types:

1. Securities Trading Account

• Minimum Deposit Requirement: RM1,000
• Spread/Commission Structure: Competitive brokerage fees starting from RM5 or 0.05% of trading value.
• Leverage Options: Up to 1:100.
• Key Features: Access to local and global markets, online trading platform, research reports.
• Target User Profile: Retail investors and traders.
• Trading Instruments Available: Stocks, ETFs, bonds, and structured products.

2. Islamic Trading Account

• Minimum Deposit Requirement: RM1,000
• Spread/Commission Structure: Similar to standard accounts, with no swap fees.
• Leverage Options: Up to 1:100.
• Key Features: Swap-free trading options compliant with Islamic finance principles.
• Target User Profile: Muslim traders seeking Sharia-compliant trading options.
• Trading Instruments Available: Stocks, ETFs, and other Islamic-compliant securities.

3. eInvest Go Account

• Minimum Deposit Requirement: RM1,000
• Spread/Commission Structure: RM5 for trades below RM10,000; 0.08% for RM10,000 to RM99,999; 0.05% for RM100,000 and above.
• Leverage Options: Up to 1:100.
• Key Features: Fully online account opening, fast approval within one business day, access to a comprehensive trading platform.
• Target User Profile: Tech-savvy investors and beginners.
• Trading Instruments Available: Stocks, ETFs, and derivatives.

4. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: N/A (simulated trading).
• Leverage Options: N/A.
• Key Features: Practice trading without risk, access to real market conditions.
• Target User Profile: Beginners looking to learn trading strategies.
• Trading Instruments Available: Stocks and ETFs in a simulated environment.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Demo Account, eInvest Go Account
• Intermediate Traders: Securities Trading Account
• Advanced Traders: Islamic Trading Account

Detailed affin hwang Account Features

Account Features Comparison

Advantages of Each Account Type

• Securities Trading Account:

• Access to a wide range of trading instruments.

• Competitive brokerage fees.

• Comprehensive research and support.

• Islamic Trading Account:

• Compliant with Islamic finance principles.

• No swap fees.

• Similar features to standard accounts.

• eInvest Go Account:

• Fully online registration and trading.

• Fast approval process.

• User-friendly interface.

• Demo Account:

• Risk-free trading environment.

• Ideal for practice and strategy development.

• Access to real market conditions.

Disadvantages of Each Account Type

• Securities Trading Account:

• Minimum deposit may be a barrier for some beginners.

• Standard fees may not be competitive for high-frequency traders.

• Islamic Trading Account:

• Limited to Islamic-compliant instruments.

• May have fewer features compared to standard accounts.

• eInvest Go Account:

• Requires a minimum deposit.

• Limited to online trading only.

• Demo Account:

• No real financial gains.

• Limited duration for practice.

affin hwang Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of Malaysia and certain other countries.
• Prohibited Countries: Specific countries may be restricted; check with Affin Hwang for details.
• Identity Verification Documents Needed:
• National ID or Passport.
• Additional documents may be required for corporate accounts.
• Proof of Residence Requirements: Utility bill or bank statement showing current address.
• Additional Documentation for Professional Accounts: Financial statements or proof of income may be required.

KYC/AML Compliance Procedures

Affin Hwang adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to provide necessary documentation for verification.

Verification Time Frames

Account verification typically takes up to 1 business day, depending on the completeness of the submitted documentation.

Step-by-Step affin hwang Account Opening Guide

Detailed Step-by-Step Registration Process

1. Visit the Website: Go to the Affin Hwang website or the eInvest Go platform.
2. Click Registration: Select the account type you wish to open.
3. Personal Information Entry: Fill in your personal details as required.
4. Choose Account Type: Select the type of account you want to open.
5. Set Trading Preferences: Indicate your trading preferences and risk profile.
6. Document Upload: Upload the required identity verification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit the minimum required amount to start trading.
9. Start Trading: Access the trading platform and begin your trading journey.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, with the mobile version optimized for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload failures.
• Solution: Ensure documents are in the correct format and size.
• Issue: Delays in verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

Typically, account approval takes up to 1 business day, provided all documents are submitted correctly.

How to Upgrade/Downgrade Account Types

Clients can request changes to their account type by contacting customer support or through their account management portal.

affin hwang Demo Account Guide

Demo Account Features and Benefits

• Features: Access to a simulated trading environment with real market conditions.
• Benefits: Allows traders to practice strategies without financial risk.

How to Open a Demo Account

1. Visit the Affin Hwang website.
2. Select the demo account option.
3. Complete the registration form.
4. Receive login credentials for the demo platform.

Demo Account Limitations

• Virtual Balance Amount: Typically provided with a set amount of virtual funds.
• Duration/Expiry of Demo Accounts: Demo accounts may expire after a certain period, usually 30 days.

Virtual Balance Amount

The virtual balance amount varies but is typically set at RM100,000 for practice trading.

Demo vs Live Account Differences

• Demo Account: No real financial gains, simulated environment.
• Live Account: Real trading with actual financial implications.

affin hwang Islamic Account Details

Swap-Free/Islamic Account Availability

Affin Hwang offers Islamic accounts that comply with Sharia law, allowing for trading without incurring swap fees.

Eligibility Requirements

To qualify for an Islamic account, clients must declare their intention to trade in accordance with Islamic principles.

Differences from Standard Accounts

Islamic accounts do not incur swap fees and may have specific trading conditions to ensure compliance with Sharia law.

How to Apply for Islamic Account

Clients can apply for an Islamic account during the standard account registration process by selecting the Islamic option.

Restrictions or Special Conditions

Islamic accounts may have specific trading instruments available and may require additional documentation to ensure compliance.

FAQs – affin hwang Account Types & Opening

1. What account types does affin hwang offer？

• Affin Hwang offers Securities Trading Accounts, Islamic Trading Accounts, eInvest Go Accounts, and Demo Accounts.

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

• The minimum deposit for all account types is RM1,000, except for the Demo Account which requires no deposit.

1. How long does affin hwang account verification take？

• Account verification typically takes up to 1 business day.

1. Does affin hwang offer demo accounts？

• Yes, Affin Hwang offers demo accounts for practice trading.

1. Can I have multiple account types with affin hwang？

• Yes, clients can open multiple account types.

1. Does affin hwang offer Islamic/swap-free accounts？

• Yes, Affin Hwang offers Islamic accounts that are compliant with Sharia law.

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

• Required documents include a national ID or passport and proof of residence.

1. Can I change my account type after registration？

• Yes, clients can request to change their account type through customer support.