Akshat broker Accounts

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

akshat Account Types Explained

Akshat offers a variety of account types tailored to meet the needs of different traders. Below is a detailed overview of each account type, including their features, requirements, and target user profiles.

1. Standard Account

• Minimum Deposit Requirement: ₹5,000
• Spread/Commission Structure: Variable spreads starting from 1.5 pips; no commission.
• Leverage Options: Up to 1:100.
• Key Features: User-friendly interface, access to educational resources.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, and indices.

2. ECN Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Raw spreads starting from 0.1 pips; commission of ₹20 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, and cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: ₹50,000
• Spread/Commission Structure: Fixed spreads starting from 1.0 pip; commission of ₹10 per lot.
• Leverage Options: Up to 1:500.
• Key Features: Advanced trading tools, priority customer support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and stocks.

4. Islamic Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Similar to Standard or ECN accounts, but swap-free.
• Leverage Options: Up to 1:100.
• Key Features: Compliance with Sharia law, no interest charges.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, and indices.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Similar to Standard account conditions.
• Leverage Options: Up to 1:100.
• Key Features: Risk-free trading environment, practice strategies.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: Forex, commodities, and indices.

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 akshat Account Features

Comparison of Features Across Different Account Types

• Minimum Deposit:

• Standard: ₹5,000

• ECN: ₹10,000

• Pro: ₹50,000

• Islamic: ₹10,000

• Demo: N/A

• Maximum Leverage:

• Standard: Up to 1:100

• ECN: Up to 1:200

• Pro: Up to 1:500

• Islamic: Up to 1:100

• Demo: Up to 1:100

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.1 pips

• Pro: From 1.0 pip

• Islamic: Similar to Standard

• Demo: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: ₹20 per lot

• Pro: ₹10 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro and Mini

• ECN: Standard

• Pro: Standard

• Islamic: Micro and Mini

• Demo: Micro

• Available Trading Platforms:

• Standard: MT4

• ECN: MT4/MT5

• Pro: MT4/MT5

• Islamic: MT4

• Demo: MT4

• Execution Type:

• Standard: Market

• ECN: ECN

• 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 of ₹1,000,000.

• Access to all trading instruments.

• 30-day expiry.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• User-friendly for beginners.

• Access to educational resources.

• ECN Account:

• Tight spreads.

• Fast execution speeds.

• Ideal for scalping.

• Pro Account:

• High leverage options.

• Advanced trading tools.

• Personalized support.

• Islamic Account:

• Compliant with Sharia law.

• No interest charges.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free trading.

• Practice without financial commitment.

• Access to all trading instruments.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit.

• Commission fees apply.

• Pro Account:

• Very high minimum deposit.

• More complex for beginners.

• Islamic Account:

• Limited to specific trading instruments.

• May have restrictions on certain trading strategies.

• Demo Account:

• Limited time access.

• No real financial gains.

akshat 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: Countries under international sanctions (specific list not provided).
• Identity Verification Documents Needed:
• Government-issued ID (passport, drivers license).
• Recent utility bill or bank statement for proof of residence.
• Proof of Residence Requirements: Must provide documentation showing current address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial statements.

KYC/AML Compliance Procedures

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Verification of identity and address is mandatory.

Verification Time Frames

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

Step-by-Step akshat Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Go to the Akshat official website.
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 available options.
4. Set Trading Preferences: Specify trading preferences including leverage and trading instruments.
5. Document Upload: Upload required identity verification documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Begin trading once your account is funded and verified.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but the mobile interface may have simplified steps for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload failure.

• Solution: Ensure documents are clear and in the correct format (JPEG, PDF).

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Users can request account type changes through customer support after meeting the new account requirements.

akshat Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading.
• Access to all trading instruments available in live accounts.
• Ideal for testing strategies without financial risk.

How to Open a Demo Account

• Follow the same registration process as for live accounts but select the demo account option.

Demo Account Limitations

• Limited to virtual funds and a specific duration (typically 30 days).

Virtual Balance Amount

• The demo account typically offers a virtual balance of ₹1,000,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts require real money deposits.
• Demo accounts may have limited time access compared to live accounts.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days unless extended upon request.

akshat Islamic Account Details

Swap-Free/Islamic Account Availability

• Akshat offers Islamic accounts that comply with Sharia law, allowing trading without interest charges.

Eligibility Requirements

• Must be a practicing Muslim.
• Provide documentation to support the request for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees.
• May have specific trading restrictions to comply 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 limitations on certain trading strategies that involve interest.

FAQs – akshat Account Types & Opening

1. What account types does akshat offer？

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

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

• Standard: ₹5,000, ECN: ₹10,000, Pro: ₹50,000, Islamic: ₹10,000, Demo: N/A.

1. How long does akshat account verification take？

• Verification typically takes 1-3 business days.

1. Does akshat offer demo accounts？

• Yes, akshat offers demo accounts for practice trading.

1. Can I have multiple account types with akshat？

• Yes, users can have multiple account types as long as they meet the requirements.

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

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

1. What documents do I need to open a akshat 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 change your account type through customer support.