Alliance broker Accounts

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

Part 1: alliance Account Types Overview

alliance Account Types Explained

Alliance offers a variety of account types tailored to meet the needs of different traders. Below are the main account types available:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips, no commission.
• Leverage Options: Up to 1:500.
• Key Features: Ideal for beginners; access to all trading instruments.
• Target User Profile: Beginners.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads from 0.0 pips, commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access; suitable for scalpers and high-frequency traders.
• Target User Profile: Advanced traders.
• Trading Instruments Available: Forex, commodities, indices.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips, commission of $2 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Enhanced trading conditions; access to advanced trading tools.
• Target User Profile: Professional traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, but swap-free.
• Leverage Options: Up to 1:500.
• Key Features: Compliant with Sharia law; no swap fees.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000).
• Spread/Commission Structure: Same as live accounts.
• Leverage Options: Same as live accounts.
• Key Features: Practice trading without risk; access to all trading instruments.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: alliance Account Features Comparison

Detailed alliance Account Features

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

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $500

• Demo: Virtual funds

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:300

• Islamic: Up to 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: From 0.5 pips

• Islamic: Similar to Standard or ECN

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Micro, Mini, Standard

• Islamic: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: Instant

• Pro: Market

• Islamic: Market

• Islamic Account Availability: Yes for Islamic Account only.

• Swap-Free Options: Available for Islamic accounts.

• Demo Account Features:

• Virtual balance for practice.

• Access to all trading instruments.

• Same trading conditions as live accounts.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• Suitable for beginners.

• ECN Account:

• Tight spreads.

• Direct market access.

• Ideal for scalping.

• Pro Account:

• Enhanced trading conditions.

• Lower commission fees.

• Access to advanced tools.

• Islamic Account:

• Compliant with Sharia law.

• No swap fees.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Practice strategies.

• Familiarization with the trading platform.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit.

• Commission fees may add up.

• Pro Account:

• Higher minimum deposit.

• Not suitable for beginners.

• Islamic Account:

• Limited to Muslim traders.

• May have restrictions on certain trading strategies.

• Demo Account:

• No real profits.

• Limited to virtual funds.

Part 3: alliance Account Opening Requirements

alliance Account Registration Requirements

To open an alliance account, the following eligibility criteria must be met:

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

• Geographic Restrictions: Specific countries may be restricted; check with alliance for details.

• Prohibited Countries: Certain jurisdictions may be prohibited from opening accounts.

• Identity Verification Documents Needed:

• Government-issued ID (passport or drivers license).

• Social Security Number (SSN) or Tax Identification Number (TIN).

• Proof of Residence Requirements:

• Recent utility bill or bank statement with your name and address.

• Additional Documentation for Professional Accounts: May include financial statements or proof of trading experience.

• KYC/AML Compliance Procedures: All clients must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.

• Verification Time Frames: Typically, account verification takes 1-3 business days.

Part 4: alliance Account Opening Process

Step-by-Step alliance Account Opening Guide

1. Visit Website and Click Registration: Go to the official alliance website and find the account registration section.
2. Personal Information Entry: Fill in your personal details, including name, address, and contact information.
3. Choose Account Type: Select the type of account you wish to open (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the alliance team to verify your documents.
7. Fund Your Account: Once verified, fund your account using your preferred payment method.
8. Start Trading: Access your trading platform and begin trading.

• Desktop vs Mobile Registration Differences: The registration process is similar on both platforms, but mobile may have additional verification steps.
• Common Registration Issues and Solutions: Issues may include document rejection; ensure all documents are clear and legible.
• Average Account Approval Time: Typically 1-3 business days.
• How to Upgrade/Downgrade Account Types: Contact customer support to request an account type change.

Part 5: alliance Demo Account Information

alliance Demo Account Guide

• Demo Account Features and Benefits:

• Practice trading with virtual funds.

• Access to all trading instruments.

• Familiarize yourself with the trading platform.

• How to Open a Demo Account: Visit the alliance website and select the demo account option; fill in the required details and start trading.

• Demo Account Limitations: Limited to virtual funds; no real profits can be made.

• Virtual Balance Amount: Typically $10,000 in virtual funds.

• Demo vs Live Account Differences: Demo accounts simulate trading conditions but do not involve real money.

• Duration/Expiry of Demo Accounts: Demo accounts may expire after a certain period, usually 30 days, but can often be renewed.

Part 6: alliance Islamic Account (if available)

alliance Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, alliance offers Islamic accounts that are compliant with Sharia law.

• Eligibility Requirements: Must be a Muslim trader; documentation may be required.

• Differences from Standard Accounts: Islamic accounts do not incur swap fees and may have different trading conditions.

• How to Apply for Islamic Account: Select the Islamic account option during the registration process and provide necessary documentation.

• Restrictions or Special Conditions: May include limitations on certain trading strategies or instruments.

FAQs – alliance Account Types & Opening

1. What account types does alliance offer？

• Alliance 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: $500, Demo: Virtual funds.

1. How long does alliance account verification take？

• Typically, 1-3 business days.

1. Does alliance offer demo accounts？

• Yes, alliance provides demo accounts for practice trading.

1. Can I have multiple account types with alliance？

• Yes, you can open multiple account types.

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

• Yes, Islamic accounts are available.

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

• Government-issued ID, SSN or TIN, proof of residence.

1. Can I change my account type after registration？

• Yes, you can request to change your account type through customer support.