AL-YASMEEN broker Accounts

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

Part 1: al yasmeen Account Types Overview

al yasmeen Account Types Explained

Al Yasmeen offers a variety of account types tailored to different trading needs and experience levels. Below is a detailed overview of each account type available:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips; no commissions.
• Leverage Options: Up to 1:500.
• Key Features: Ideal for beginners; user-friendly trading platform; access to educational resources.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Tight spreads starting from 0.1 pips; commission of $5 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access; faster execution speeds; suitable for high-frequency traders.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads starting from 0.5 pips; commission of $3 per lot.
• Leverage Options: Up to 1:100.
• Key Features: Advanced trading tools; priority customer support; suitable for professional traders.
• Target User Profile: Professional and institutional traders.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to the Standard account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law; no interest on overnight positions.
• Target User Profile: Muslim traders seeking Sharia-compliant trading.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance of $10,000.
• Spread/Commission Structure: Same as Standard account.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading without risk; access to all trading instruments.
• Target User Profile: Beginners and traders wanting to test strategies.
• Trading Instruments Available: All instruments available in live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: al yasmeen Account Features Comparison

Detailed al yasmeen Account Features

When comparing features across different account types, consider the following:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual balance

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:100

• Islamic: 1:500

• Spreads (Typical/Minimum):

• Standard: 1.5 pips

• ECN: 0.1 pips

• Pro: 0.5 pips

• Islamic: 1.5 pips

• Commission Fees:

• Standard: None

• ECN: $5 per lot

• Pro: $3 per lot

• Islamic: None

• Lot Size:

• Standard: Micro (0.01)

• ECN: Mini (0.1)

• Pro: Standard (1.0)

• Islamic: Micro (0.01)

• Available Trading Platforms:

• All accounts support MT4 and MT5.

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Islamic Account Availability:

• Available for Standard and Islamic Accounts.

• Swap-Free Options:

• Offered in Islamic Accounts.

• Demo Account Features:

• Virtual trading environment with $10,000 balance.

Advantages of Each Account Type

• Standard Account:

• Easy to use for beginners.

• Low minimum deposit.

• Access to educational resources.

• ECN Account:

• Tight spreads for cost-effective trading.

• Fast execution speeds.

• Direct market access.

• Pro Account:

• Advanced trading tools.

• Lower commissions for high-volume traders.

• Priority support.

• Islamic Account:

• Complies with Sharia law.

• No swap fees.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free environment to practice.

• Access to all trading instruments.

• Ideal for strategy testing.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit.

• Commission fees may increase trading costs.

• Pro Account:

• High minimum deposit.

• More complex for beginners.

• Islamic Account:

• Limited to specific trading instruments.

• May have restrictions on certain trading strategies.

• Demo Account:

• Virtual funds do not reflect real market conditions.

• Limited duration for practice.

Part 3: al yasmeen Account Opening Requirements

al yasmeen Account Registration Requirements

To open an account with al yasmeen, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries, but some regions may be restricted.
• Prohibited Countries: Specific countries may be restricted due to regulatory compliance (details not specified).
• Identity Verification Documents Needed:
• Valid government-issued ID (passport or national ID).
• Recent photograph.
• Proof of Residence Requirements:
• Utility bill or bank statement showing your name and address.
• Additional Documentation for Professional Accounts:
• Business registration documents (if applicable).
• Proof of trading experience (for Pro accounts).

KYC/AML Compliance Procedures

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks, which include identity verification and source of funds assessment.

Verification Time Frames

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

Part 4: al yasmeen Account Opening Process

Step-by-Step al yasmeen Account Opening Guide

1. Visit Website and Click Registration: Navigate to the al yasmeen website and click on the "Open Account" button.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the account type that best suits your trading needs.
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading platform.
5. Document Upload: Upload the required identity verification and proof of residence documents.
6. Account Verification: Wait for the account to be verified by the al yasmeen team.
7. Fund Your Account: Once verified, fund your account using one of the available payment methods.
8. Start Trading: After funding, you can start trading on your chosen platform.

Desktop vs Mobile Registration Differences

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

Common Registration Issues and Solutions

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

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• To upgrade or downgrade your account type, contact al yasmeen customer support to initiate the process.

Part 5: al yasmeen Demo Account Information

al yasmeen Demo Account Guide

• Demo Account Features and Benefits:

• Access to a virtual trading environment with $10,000 in virtual funds.

• Ability to practice trading strategies without financial risk.

• Access to all trading instruments available in live accounts.

• How to Open a Demo Account:

• Visit the al yasmeen website and select the option to open a demo account.

• Fill in the required personal information and submit your request.

• Demo Account Limitations:

• The demo account may have a time limit (typically 30 days).

• Virtual funds do not reflect real market conditions.

• Virtual Balance Amount:

• Standard virtual balance of $10,000.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds; live accounts involve real money.

• Live accounts may incur spreads and commissions; demo accounts do not.

• Duration/Expiry of Demo Accounts:

• Demo accounts typically expire after 30 days of inactivity.

Part 6: al yasmeen Islamic Account Details

al yasmeen Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Islamic accounts are available and comply with Sharia law.

• Eligibility Requirements:

• Must be a Muslim trader seeking a swap-free trading environment.

• Differences from Standard Accounts:

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

• How to Apply for Islamic Account:

• Select the Islamic account option during the registration process or contact customer support for assistance.

• Restrictions or Special Conditions:

• Islamic accounts may have specific trading conditions that differ from standard accounts.

FAQs – al yasmeen Account Types & Opening

1. What account types does al yasmeen offer？

• Al yasmeen 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: Virtual balance.

1. How long does al yasmeen account verification take？

• Verification typically takes 1 to 3 business days.

1. Does al yasmeen offer demo accounts？

• Yes, al yasmeen provides demo accounts with a virtual balance of $10,000.

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

• Yes, you can open multiple account types.

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

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

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

• Valid ID, recent photograph, and proof of residence.

1. Can I change my account type after registration？

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