AIMS offers several account types tailored to different trading needs and preferences. Below is a detailed overview of each account type:
| Account Type | Minimum Deposit | Spread/Commission Structure | Leverage Options | Key Features | Target User Profile | Trading Instruments Available |
|---|---|---|---|---|---|---|
| Standard | $100 | Fixed spreads from 1.5 pips | Up to 1:500 | User-friendly interface, suitable for beginners | Beginners | Forex, commodities, indices |
| ECN | $500 | Variable spreads from 0.1 pips + commission | Up to 1:200 | Direct market access, lower spreads | Advanced traders | Forex, commodities, cryptocurrencies |
| Pro | $1,000 | Variable spreads + lower commission | Up to 1:100 | Tailored for high-frequency traders | Institutional | Forex, commodities, indices |
| Islamic | $100 | Fixed spreads from 1.5 pips | Up to 1:500 | Swap-free, compliant with Sharia law | Muslim traders | Forex, commodities, indices |
| Demo | N/A | N/A | N/A | Practice trading without risk | All levels | Forex, commodities, indices |
When comparing the features across different aims account types, the following aspects are crucial:
| Feature | Standard Account | ECN Account | Pro Account | Islamic Account | Demo Account |
|---|---|---|---|---|---|
| Minimum Deposit | $100 | $500 | $1,000 | $100 | N/A |
| Maximum Leverage | Up to 1:500 | Up to 1:200 | Up to 1:100 | Up to 1:500 | N/A |
| Spreads | Fixed from 1.5 pips | Variable from 0.1 pips | Variable + lower commission | Fixed from 1.5 pips | N/A |
| Commission Fees | None | Yes | Yes | None | N/A |
| Lot Size | Micro | Mini | Standard | Micro | N/A |
| Available Trading Platforms | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4 |
| Execution Type | Market | ECN | Market | Market | N/A |
| Islamic Account Availability | No | No | No | Yes | No |
| Swap-Free Options | No | No | No | Yes | No |
| Demo Account Features | No | No | No | No | Yes |
To open an aims account, the following eligibility criteria and documentation are required:
Eligibility Criteria:
Minimum age of 18 years
Must be a resident of a country where AIMS operates
No prohibited countries (specific countries may be restricted based on regulatory compliance)
Identity Verification Documents Needed:
Government-issued ID (passport or national ID)
Proof of residence (utility bill or bank statement)
Additional documentation for professional accounts may include financial statements or business registration documents
KYC/AML Compliance Procedures:
All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks to verify identity and source of funds.
Verification Time Frames:
Account verification typically takes 1-3 business days, depending on the completeness of the submitted documents.
To register for an aims account, follow these steps:
Issue: Document upload fails.
Solution: Ensure documents are in the correct format and within size limits.
Issue: Verification delays.
Solution: Contact customer support for assistance.
The aims demo account provides a risk-free environment for traders to practice their strategies.
Demo Account Features and Benefits:
Access to all trading instruments
Virtual balance for trading practice
No risk of losing real money
How to Open a Demo Account:
Visit the AIMS website and select the demo account option.
Fill in the required information and submit your application.
Demo Account Limitations:
Limited to practice trading only.
No access to real market conditions.
Virtual Balance Amount:
Typically, demo accounts come with a virtual balance of $100,000.
Demo vs Live Account Differences:
Demo accounts use virtual money, while live accounts involve real funds and market conditions.
Duration/Expiry of Demo Accounts:
Demo accounts generally remain active for 30 days, after which they may need to be renewed.
AIMS offers an Islamic account that adheres to Sharia law.
Swap-Free/Islamic Account Availability:
Yes, AIMS provides swap-free accounts for Muslim traders.
Eligibility Requirements:
Must be a practicing Muslim and provide documentation to verify eligibility.
Differences from Standard Accounts:
Islamic accounts do not incur swap fees, making them compliant with Islamic finance principles.
How to Apply for Islamic Account:
Select the Islamic account option during the registration process and provide necessary documentation.
Restrictions or Special Conditions:
Islamic accounts may have higher spreads compared to standard accounts.
Explore broker markets account types: forex/trading accounts with demo access.