AFFLUENCE broker Accounts

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

affluence Account Types Explained

Affluence offers several account types tailored to different trading needs and profiles. 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
• Leverage Options: Up to 1:500
• Key Features: User-friendly interface, 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 pips with a commission of $5 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads
• Target User Profile: Experienced traders and scalpers
• Trading Instruments Available: Forex, commodities, cryptocurrencies

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 1 pip, no commission
• Leverage Options: Up to 1:300
• Key Features: Advanced trading tools, suitable for professional traders
• Target User Profile: Professional and institutional traders
• Trading Instruments Available: Forex, commodities, indices, stocks

4. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, depending on the choice
• Leverage Options: Up to 1:200
• Key Features: Swap-free trading compliant with Islamic law
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

5. Demo Account

• Minimum Deposit Requirement: Virtual balance of $10,000
• Spread/Commission Structure: Same as Standard account
• Leverage Options: Up to 1:500
• Key Features: Risk-free trading environment to practice strategies
• Target User Profile: Beginners and traders wanting to test strategies
• Trading Instruments Available: All instruments available on live accounts

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed affluence Account Features

Comparison of Features Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $500

• Demo: $0

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:300

• Islamic: Up to 1:200

• Demo: Up to 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0 pips

• Pro: From 1 pip

• Islamic: Similar to Standard

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $5 per lot

• Pro: None

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Micro, Mini, Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5, Proprietary

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• 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:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: No

• Demo: Yes

Advantages of Each Account Type

• Standard Account:

• Easy to use for beginners

• Low minimum deposit

• Access to a wide range of instruments

• Flexible leverage options

• ECN Account:

• Tight spreads for scalping

• Direct market access

• Transparency in pricing

• Suitable for high-frequency trading

• Pro Account:

• Advanced trading tools

• No commission fees

• Higher leverage options

• Ideal for professional traders

• Islamic Account:

• Complies with Islamic finance principles

• No swap fees

• Access to all instruments

• Flexible trading conditions

• Demo Account:

• Risk-free environment

• Practice trading strategies

• Access to all features of live accounts

• Unlimited duration for practice

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees can add up

• Pro Account:

• Higher minimum deposit

• Not suitable for beginners

• Islamic Account:

• Limited availability in some regions

• May have restrictions on certain instruments

• Demo Account:

• No real money trading

• Limited duration for some accounts

affluence Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old
• Geographic Restrictions: Available in most countries; specific restrictions may apply
• Prohibited Countries: Not specified in the sources provided
• Identity Verification Documents Needed:
• Government-issued ID (Passport or National ID)
• Proof of address (Utility bill or bank statement)
• Proof of Residence Requirements: Recent utility bill or bank statement with the applicant's name and address
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience

KYC/AML Compliance Procedures

• All applicants must complete Know Your Customer (KYC) verification to comply with Anti-Money Laundering (AML) regulations.

Verification Time Frames

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

Step-by-Step affluence Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Go to the official Affluence website and click on the registration button.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type from the options available.
4. Set Trading Preferences: Indicate your trading preferences and risk appetite.
5. Document Upload: Upload required documents for identity and address verification.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate your trading account.
8. Start Trading: Once your account is funded, you can start trading.

Desktop vs Mobile Registration Differences

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

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are in the correct format and within size limits.
• Issue: Verification takes longer than expected.
• Solution: Contact customer support for status updates.

Average Account Approval Time

• The average account approval time is between 1 to 3 business days.

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 of the new account type.

affluence Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies.
• Access to all trading instruments available in live accounts.
• Allows traders to familiarize themselves with the trading platform.

How to Open a Demo Account

• Follow the same registration process as for live accounts, selecting the demo account option.

Demo Account Limitations

• Limited to virtual trading only; no real money involved.

Virtual Balance Amount

• Typically, demo accounts provide a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts do not involve real money, while live accounts require a minimum deposit and involve actual trading.

Duration/Expiry of Demo Accounts

• Demo accounts may have an unlimited duration, allowing users to practice as long as they wish.

affluence Islamic Account Details

Swap-Free/Islamic Account Availability

• Affluence offers Islamic accounts that comply with Islamic finance principles.

Eligibility Requirements

• Must meet the minimum deposit requirement 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

• Select the Islamic account option during the registration process and provide required documentation.

Restrictions or Special Conditions

• Islamic accounts may have restrictions on certain trading instruments.

FAQs – affluence Account Types & Opening

1. What account types does affluence offer？

• Affluence 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: $500, Demo: $0.

1. How long does affluence account verification take？

• Account verification typically takes 1-3 business days.

1. Does affluence offer demo accounts？

• Yes, affluence offers a demo account with a virtual balance.

1. Can I have multiple account types with affluence？

• Yes, users can have multiple account types, subject to the minimum deposit requirements.

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

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

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

• A government-issued ID and proof of address are required.

1. Can I change my account type after registration？

• Yes, you can request to change your account type by contacting customer support.