AL-HIDAYAH broker Accounts

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

al hidayah Account Types Explained

Al Hidayah offers various account types tailored to meet the needs of different traders. Below is a detailed overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Fixed spreads starting from 1.5 pips.
• Leverage Options: Up to 1:500.
• Key Features: User-friendly interface, access to all trading instruments.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Variable spreads starting from 0.1 pips with a commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, faster execution speeds.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.0 pips with a commission of $2 per lot.
• Leverage Options: Up to 1:400.
• Key Features: Advanced trading tools, priority customer support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

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: Complies with Sharia law, no swap fees.
• Target User Profile: Muslim traders seeking halal trading options.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Same as Standard account.
• Leverage Options: Same as Standard account.
• Key Features: Practice trading without risk, access to all trading instruments.
• Target User Profile: Beginners wanting to learn trading strategies.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed al hidayah Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• Easy to use for beginners.

• No commission fees.

• Access to various trading instruments.

• ECN Account:

• Tight spreads and fast execution.

• Ideal for scalping and high-frequency trading.

• Direct market access.

• Pro Account:

• Lowest spreads available.

• Advanced trading tools and analytics.

• Priority support for traders.

• Islamic Account:

• Complies with Islamic finance principles.

• No swap fees, suitable for long-term trading.

• Demo Account:

• Risk-free trading environment.

• Ideal for practicing strategies.

• Access to all trading features.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced features.

• ECN Account:

• Requires a higher minimum deposit.

• Commission fees can add up for frequent traders.

• Pro Account:

• High minimum deposit requirement.

• More suited for experienced traders.

• Islamic Account:

• Limited to Muslim traders.

• May have fewer features compared to standard accounts.

• Demo Account:

• No real money involved.

• Limited to a certain duration.

al hidayah 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 sanctions or restrictions may not be eligible.
• Identity Verification Documents Needed: Government-issued ID (passport or national ID).
• Proof of Residence Requirements: Utility bill or bank statement showing the applicant's name and address.
• Additional Documentation for Professional Accounts: Proof of trading experience or financial statements may be required.

KYC/AML Compliance Procedures

• Customers must complete Know Your Customer (KYC) verification to comply with Anti-Money Laundering (AML) regulations.
• This includes submitting identification and proof of residence documents.

Verification Time Frames

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

Step-by-Step al hidayah Account Opening Guide

Registration Process

1. Visit Website and Click Registration: Go to the official Al Hidayah website and click on the registration button.
2. Personal Information Entry: Fill out the required personal information, including name, email, and phone number.
3. Choose Account Type: Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Specify trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the necessary identification and proof of residence documents.
6. Account Verification: Wait for the account verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate the account.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but the mobile interface may have a more streamlined experience.

Common Registration Issues and Solutions

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

Average Account Approval Time

• Generally, account approval takes 1-3 business days, but it can vary based on the volume of applications.

How to Upgrade/Downgrade Account Types

• Account types can be changed by contacting customer support and submitting a request for the desired account type.

al hidayah Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies.
• Access to all trading instruments and features available in live accounts.

How to Open a Demo Account

• Visit the Al Hidayah website and select the demo account option during registration.

Demo Account Limitations

• Limited to a virtual balance (typically $10,000).
• May have a time limit for usage (usually 30 days).

Virtual Balance Amount

• The demo account usually starts with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Trading conditions may differ slightly in terms of execution speed and spreads.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days, but this can vary based on the broker's policies.

al hidayah Islamic Account Details

Swap-Free/Islamic Account Availability

• Al Hidayah offers Islamic accounts that comply with Sharia law, ensuring no swap fees are charged.

Eligibility Requirements

• Must be a Muslim trader seeking halal trading options.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for long-term positions.

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 specific trading conditions, such as limits on certain instruments.

FAQs – al hidayah Account Types & Opening

1. What account types does al hidayah offer？

• Al Hidayah 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: N/A.

1. How long does al hidayah account verification take？

• Account verification typically takes 1-3 business days.

1. Does al hidayah offer demo accounts？

• Yes, Al Hidayah offers demo accounts for practice trading.

1. Can I have multiple account types with al hidayah？

• Yes, traders can have multiple account types.

1. Does al hidayah offer Islamic/swap-free accounts？

• Yes, Al Hidayah provides Islamic accounts that are swap-free.

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

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

1. Can I change my account type after registration？

• Yes, account types can be changed by contacting customer support.