Alliance investment offers a variety of account types tailored to different trading needs and preferences. Heres a detailed overview of the available account types:
| Account Type | Minimum Deposit | Spread Type | Commission | Leverage | Target User Profile |
|---|---|---|---|---|---|
| Standard | $100 | Variable (1.0+) | None | 1:500 | Beginners |
| ECN | $500 | Raw (0.0+) | $3 per lot | 1:100 | Advanced traders |
| Pro | $1,000 | Competitive (0.5+) | $2 per lot | 1:200 | Professional traders |
| Islamic | $500 | Variable | None | 1:100 | Muslim traders |
| Demo | Virtual funds | Variable | None | 1:500 | Beginners |
When choosing an alliance investment account, it's essential to compare the features across different account types:
Minimum Deposit:
Standard: $100
ECN: $500
Pro: $1,000
Islamic: $500
Demo: Virtual funds
Maximum Leverage:
Standard: 1:500
ECN: 1:100
Pro: 1:200
Islamic: 1:100
Demo: 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
Demo: Same as Standard
Commission Fees:
Standard: None
ECN: $3 per lot
Pro: $2 per lot
Islamic: None
Demo: None
Lot Size:
Standard: Micro, Mini, Standard
ECN: Standard
Pro: Standard
Islamic: Micro, Mini, Standard
Demo: 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: ECN
Pro: Market
Islamic: Market
Demo: Market
Islamic Account Availability: Yes for Islamic Account type.
Swap-Free Options: Available for Islamic accounts.
Demo Account Features: Virtual trading environment with real market conditions.
Standard Account:
Easy to use for beginners.
No commission fees.
High leverage options.
ECN Account:
Direct market access.
Lower spreads.
Ideal for scalping.
Pro Account:
Competitive trading conditions.
Dedicated account manager.
Suitable for professional trading.
Islamic Account:
Complies with Sharia law.
No swap fees.
Similar trading conditions to Standard or ECN.
Demo Account:
Risk-free environment.
Practice trading strategies.
Access to all trading instruments.
Standard Account:
Higher spreads compared to ECN.
Limited advanced features.
ECN Account:
Requires higher minimum deposit.
Commission fees apply.
Pro Account:
Higher minimum deposit requirement.
More complex for beginners.
Islamic Account:
Limited availability of trading instruments.
May have restrictions on certain trading strategies.
Demo Account:
No real financial gain.
Limited duration for practice.
To open an alliance investment account, you must meet the following eligibility criteria:
Age Requirements: Must be at least 18 years old.
Geographic Restrictions: Available to residents of most countries; however, specific countries may be restricted.
Prohibited Countries: Specific countries may be restricted based on regulatory compliance.
Identity Verification Documents Needed:
Government-issued ID (passport or driver's license).
Social Security Number or equivalent.
Proof of Residence Requirements:
Utility bill or bank statement with your name and address.
Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.
KYC/AML Compliance Procedures: All applicants must complete 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.
Follow these steps to open your alliance investment account:
Desktop vs Mobile Registration Differences: The registration process is similar on both desktop and mobile platforms, though the mobile interface may have fewer options for document uploads.
Common Registration Issues and Solutions: Common issues include document rejection due to poor quality. Ensure all documents are clear and legible.
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 of your account type.
Demo Account Features and Benefits:
Allows traders to practice without financial risk.
Access to real-time market data.
Ability to test trading strategies and platform features.
How to Open a Demo Account: Visit the alliance investment website and select the demo account option. Follow the registration steps similar to opening a live account.
Demo Account Limitations: Limited duration for use, typically 30-90 days, after which the account may expire.
Virtual Balance Amount: Usually set at $10,000 in virtual funds.
Demo vs Live Account Differences: Demo accounts use virtual funds and do not involve real financial transactions, while live accounts involve actual trading with real money.
Duration/Expiry of Demo Accounts: Demo accounts typically expire after 30-90 days of inactivity.
Swap-Free/Islamic Account Availability: Yes, alliance investment offers Islamic accounts that comply with Sharia law.
Eligibility Requirements: Must be a practicing Muslim and provide documentation to verify eligibility.
Differences from Standard Accounts: Islamic accounts do not incur swap fees and may have specific trading conditions to comply with Islamic finance principles.
How to Apply for Islamic Account: Select the Islamic account option during the registration process and provide any required documentation.
Restrictions or Special Conditions: Islamic accounts may have limitations on certain trading strategies or instruments that involve interest.
Explore broker markets account types: forex/trading accounts with demo access.