AL ROWAD broker Accounts

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

Part 1: al rowad Account Types Overview

al rowad Account Types Explained

Al Rowad offers several account types tailored to different trading needs. Below is a detailed overview of each account type:

1. Standard Account

• Minimum Deposit: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:500
• Key Features: Ideal for beginners; access to a wide range of trading instruments.
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit: $500
• Spread/Commission Structure: Raw spreads starting from 0.1 pips with a commission of $5 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access; lower spreads; suitable for high-frequency trading.
• Target User Profile: Experienced traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Pro Account

• Minimum Deposit: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips with a commission of $3 per lot
• Leverage Options: Up to 1:300
• Key Features: Enhanced trading conditions; priority customer support.
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Islamic Account

• Minimum Deposit: $100
• Spread/Commission Structure: Similar to Standard Account but swap-free
• Leverage Options: Up to 1:500
• Key Features: Compliant with Islamic finance principles; no overnight fees.
• Target User Profile: Muslim traders seeking Sharia-compliant trading options
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:500
• Key Features: Practice trading without financial risk; access to all trading instruments.
• Target User Profile: Beginners and traders looking to test strategies
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: al rowad Account Features Comparison

Detailed al rowad Account Features

When comparing the features across different account types, the following aspects are crucial:

• Minimum Deposit
• Maximum Leverage
• Spreads (typical/minimum)
• Commission Fees
• Lot Size (micro/mini/standard)
• Available Trading Platforms (MT4/MT5/proprietary)
• Execution Type (market/instant/ECN)
• Islamic Account Availability
• Swap-Free Options
• Demo Account Features

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to educational resources

• ECN Account:

• Tight spreads for cost-effective trading

• Direct market access

• Suitable for scalping strategies

• Pro Account:

• Enhanced trading conditions

• Lower commissions for high-volume traders

• Priority customer support

• Islamic Account:

• Complies with Islamic finance principles

• No overnight fees

• Suitable for long-term trading

• Demo Account:

• Risk-free trading environment

• Practice with virtual funds

• 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 can add up for low-volume traders

• Pro Account:

• Requires a significant minimum deposit

• Not suitable for casual traders

• Islamic Account:

• Limited availability for some trading instruments

• May have restrictions on certain trading strategies

• Demo Account:

• Limited duration (typically 30 days)

• No real financial commitment may lead to less serious trading practice

Part 3: al rowad Account Opening Requirements

al rowad Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to traders globally, but may have restrictions for certain countries.
• Prohibited Countries: Specific countries may be restricted due to regulatory compliance (not explicitly listed).
• Identity Verification Documents Needed:
• Valid government-issued ID (passport or national ID)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Recent documents showing your current address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks to verify identity and prevent fraud.

Verification Time Frames

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

Part 4: al rowad Account Opening Process

Step-by-Step al rowad Account Opening Guide

1. Visit Website and Click Registration: Go to the official al rowad website and find the registration option.
2. Personal Information Entry: Fill out the required personal information form.
3. Choose Account Type: Select the account type that suits your trading needs.
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Once verified, deposit funds into your trading account.
8. Start Trading: Begin trading with your new account.

Desktop vs Mobile Registration Differences

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

Common Registration Issues and Solutions

• Issue: Document upload failures.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Delays in verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade. Additional documentation may be required based on the new account type.

Part 5: al rowad Demo Account Information

al rowad Demo Account Guide

Demo Account Features and Benefits

• Allows practice trading without financial risk.
• Access to all trading instruments available in live accounts.
• Ideal for testing trading strategies.

How to Open a Demo Account

• Visit the al rowad website and select the demo account option. Fill out the registration form to create your demo account.

Demo Account Limitations

• Limited duration (typically 30 days).
• Virtual funds may not reflect real market conditions.

Virtual Balance Amount

• Typically provided with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds and do not involve real financial risk, while live accounts involve actual trading with real money.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days unless extended by the broker.

Part 6: al rowad Islamic Account Details

al rowad Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available for traders who require a swap-free option.

Eligibility Requirements

• Must provide documentation confirming the need for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees for overnight positions.

How to Apply for Islamic Account

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

Restrictions or Special Conditions

• May have limitations on certain trading strategies or instruments.

FAQs – al rowad Account Types & Opening

1. What account types does al rowad offer？

• Al rowad 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 rowad account verification take？

• Verification typically takes 1-3 business days.

1. Does al rowad offer demo accounts？

• Yes, al rowad offers demo accounts for practice trading.

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

• Yes, you can open multiple account types.

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

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

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

• A valid ID and proof of address are required.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.