Al Rajhi Capital broker Accounts

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

Part 1: al rajhi capital Account Types Explained

Al Rajhi Capital offers a variety of account types tailored to meet the needs of different traders, from beginners to advanced investors. Below is a detailed overview of the available account types:

Account Types Overview

1. Standard Account

• Minimum Deposit Requirement: SAR 1,000
• Spread/Commission Structure: Variable spreads starting from 3 pips
• Leverage Options: Up to 1:100
• Key Features: Access to a wide range of trading instruments, including stocks, ETFs, and mutual funds.
• Target User Profile: Beginners and retail traders.
• Trading Instruments Available: Stocks, ETFs, mutual funds.

1. ECN Account

• Minimum Deposit Requirement: SAR 5,000
• Spread/Commission Structure: Low spreads starting from 0.1 pips plus commission
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution speeds, and lower trading costs.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices.

1. Pro Account

• Minimum Deposit Requirement: SAR 10,000
• Spread/Commission Structure: Competitive spreads with lower commission fees
• Leverage Options: Up to 1:300
• Key Features: Advanced trading tools and analytics, priority customer support.
• Target User Profile: Professional traders and institutional clients.
• Trading Instruments Available: Forex, commodities, indices, stocks.

1. Islamic Account

• Minimum Deposit Requirement: SAR 1,000
• Spread/Commission Structure: Similar to Standard Account, but swap-free
• Leverage Options: Up to 1:100
• Key Features: Compliance with Sharia law, no swap fees.
• Target User Profile: Muslim traders seeking Sharia-compliant trading options.
• Trading Instruments Available: Stocks, ETFs, mutual funds.

1. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically SAR 100,000)
• Spread/Commission Structure: Same as live accounts
• Leverage Options: Same as live accounts
• Key Features: Risk-free trading environment to practice strategies.
• Target User Profile: Beginners and traders testing new strategies.
• Trading Instruments Available: Same as 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
• Traders Testing Strategies: Demo Account

Part 2: al rajhi capital Account Features Comparison

Detailed al rajhi capital Account Features

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• Access to a variety of instruments

• User-friendly for beginners

• ECN Account:

• Low spreads and direct market access

• Ideal for scalping and high-frequency trading

• Enhanced execution speeds

• Pro Account:

• Advanced trading tools and analytics

• Lower trading costs for high-volume traders

• Priority support

• Islamic Account:

• Compliance with Sharia law

• No swap fees

• Suitable for Muslim traders

• Demo Account:

• Risk-free environment to practice

• Access to all trading features

• Ideal for testing strategies

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit required

• Commission fees can add to trading costs

• Pro Account:

• High minimum deposit

• May not be suitable for casual traders

• Islamic Account:

• Limited availability of certain trading instruments

• Similar features to Standard Account

• Demo Account:

• Virtual balance does not reflect real market conditions

• Limited duration for practice

Part 3: al rajhi capital Account Registration Requirements

al rajhi capital Account Registration Requirements

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.

• Geographic Restrictions: Available to residents of Saudi Arabia and select countries.

• Prohibited Countries: Specific countries may be restricted; check with customer service for details.

• Identity Verification Documents Needed:

• National ID or Iqama for Saudi nationals and residents.

• Passport for foreign nationals.

• Proof of Residence Requirements:

• Utility bill or bank statement showing the current address.

• Additional Documentation for Professional Accounts:

• Business registration documents for corporate accounts.

• Financial statements may be required for high-net-worth individuals.

• KYC/AML Compliance Procedures:

• Complete the Know Your Customer (KYC) process, including identity verification and source of funds.

• Verification Time Frames:

• Typically, account verification takes 1-3 business days.

Part 4: al rajhi capital Account Opening Process

Step-by-Step al rajhi capital Account Opening Guide

1. Visit Website and Click Registration:

• Go to the Al Rajhi Capital website and click on the "Open Account" button.

1. Personal Information Entry:

• Fill out the required personal information, including name, contact details, and identification numbers.

1. Choose Account Type:

• Select the desired account type based on your trading needs.

1. Set Trading Preferences:

• Specify your trading preferences, including leverage and trading instruments.

1. Document Upload:

• Upload the necessary identification and proof of residence documents.

1. Account Verification:

• Wait for the account to be verified by Al Rajhi Capital's compliance team.

1. Fund Your Account:

• Deposit the minimum required amount to activate your trading account.

1. Start Trading:

• Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

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

Common Registration Issues and Solutions

• Issue: Document upload failure.

• Solution: Ensure documents are clear and in the correct format.

• Issue: Verification delays.

• Solution: Contact customer service for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Contact customer service to request an upgrade or downgrade of your account type. Additional documentation may be required.

Part 5: al rajhi capital Demo Account Information

al rajhi capital Demo Account Guide

• Demo Account Features and Benefits:

• Access to all trading instruments available in live accounts.

• Risk-free environment to practice trading strategies.

• How to Open a Demo Account:

• Visit the Al Rajhi Capital website or app and select "Open Demo Account."

• Demo Account Limitations:

• Virtual balance may be limited to SAR 100,000.

• Time-limited access to the demo account.

• Virtual Balance Amount:

• Typically SAR 100,000 for practice trading.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds, while live accounts require real money deposits.

• Duration/Expiry of Demo Accounts:

• Demo accounts usually expire after 30 days of inactivity.

Part 6: al rajhi capital Islamic Account Details

al rajhi capital Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Yes, Al Rajhi Capital offers Islamic accounts that comply with Sharia law.

• Eligibility Requirements:

• Must be a Muslim trader seeking Sharia-compliant trading options.

• Differences from Standard Accounts:

• Islamic accounts do not incur swap fees.

• How to Apply for Islamic Account:

• Select the Islamic account option during the registration process.

• Restrictions or Special Conditions:

• Must adhere to Sharia compliance guidelines.

FAQs – al rajhi capital Account Types & Opening

1. What account types does al rajhi capital offer？

• Al Rajhi Capital offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: SAR 1,000; ECN: SAR 5,000; Pro: SAR 10,000; Islamic: SAR 1,000; Demo: Virtual balance.

1. How long does al rajhi capital account verification take？

• Account verification typically takes 1-3 business days.

1. Does al rajhi capital offer demo accounts？

• Yes, Al Rajhi Capital offers demo accounts for practice trading.

1. Can I have multiple account types with al rajhi capital？

• Yes, you can open multiple account types as per your trading needs.

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

• Yes, Islamic accounts are available that comply with Sharia law.

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

• National ID or Iqama, proof of residence, and additional documentation for professional accounts.

1. Can I change my account type after registration？

• Yes, you can request an upgrade or downgrade of your account type through customer service.