ALOR BROKER broker Accounts

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

alor broker Account Types Explained

Alor Broker offers a variety of account types tailored to meet the needs of different traders, from beginners to advanced professionals. Below is an overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: 10,000 RUR
• Spread/Commission Structure: Fixed and floating spreads available
• Leverage Options: Up to 1:100
• Key Features:
• Access to a wide range of trading instruments
• Suitable for beginners and casual traders
• Target User Profile: Beginner to intermediate traders
• Trading Instruments Available: Forex, stocks, commodities

2. ECN Account

• Minimum Deposit Requirement: 50,000 RUR
• Spread/Commission Structure: Variable spreads with a commission per trade
• Leverage Options: Up to 1:200
• Key Features:
• Direct market access
• Faster execution speeds
• Target User Profile: Advanced traders and scalpers
• Trading Instruments Available: Forex, commodities, indices

3. Pro Account

• Minimum Deposit Requirement: 100,000 RUR
• Spread/Commission Structure: Competitive spreads with lower commissions
• Leverage Options: Up to 1:300
• Key Features:
• Tailored for professional traders
• Advanced trading tools and analytics
• Target User Profile: Professional and institutional traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

4. Islamic Account

• Minimum Deposit Requirement: 10,000 RUR
• Spread/Commission Structure: Similar to Standard Account but without swap fees
• Leverage Options: Up to 1:100
• Key Features:
• Compliant with Islamic finance principles
• No interest or swap fees
• Target User Profile: Traders seeking Sharia-compliant trading options
• Trading Instruments Available: Forex, stocks, commodities

5. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically 1,000,000 RUR)
• Spread/Commission Structure: Similar to live accounts
• Leverage Options: Up to 1:100
• Key Features:
• Risk-free environment to practice trading
• Access to all trading platforms
• Target User Profile: Beginners and those testing strategies
• Trading Instruments Available: Forex, stocks, commodities

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginner: Standard Account
• Intermediate: ECN Account
• Advanced: Pro Account
• Islamic: Islamic Account
• Practice: Demo Account

Detailed alor broker Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:
• Easy to open and manage
• No commissions on trades
• Suitable for beginners
• ECN Account:
• Direct market access
• Lower spreads during high volatility
• Ideal for scalping strategies
• Pro Account:
• Advanced trading tools
• Lower trading costs for high volume traders
• Access to exclusive market insights
• Islamic Account:
• Compliant with Islamic finance
• No swap fees
• Suitable for Muslim traders
• Demo Account:
• Risk-free trading environment
• Practice with virtual funds
• Access to all trading features

Disadvantages of Each Account Type

• Standard Account:
• Limited advanced features
• Higher spreads compared to ECN
• ECN Account:
• Requires higher minimum deposit
• Commission fees can add up
• Pro Account:
• High minimum deposit requirement
• May not be suitable for casual traders
• Islamic Account:
• Limited availability of certain features
• May have higher spreads
• Demo Account:
• No real profit potential
• Limited duration for practice

alor broker Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries, but may be restricted in certain jurisdictions.
• Prohibited Countries: Specific countries may be restricted; check with alor broker for details.
• Identity Verification Documents Needed:
• Government-issued ID (passport, national ID, or driver's license).
• Proof of Residence Requirements:
• Utility bill or bank statement showing your name and address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

• All clients must complete a Know Your Customer (KYC) process to verify identity and prevent fraud.
• Anti-Money Laundering (AML) checks are conducted during the registration process.

Verification Time Frames

• Account verification typically takes between a few hours to several business days, depending on the completeness of the submitted documents.

Step-by-Step alor broker Account Opening Guide

Registration Process

1. Visit Website: Go to the official alor broker website.
2. Click Registration: Find and click on the "Open Account" or "Register" button.
3. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
4. Choose Account Type: Select the type of account you wish to open.
5. Set Trading Preferences: Specify your trading preferences and risk tolerance.
6. Document Upload: Upload the required identification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit the minimum required amount to start trading.
9. Start Trading: Access your trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but the mobile interface may have a simplified version for ease of use.

Common Registration Issues and Solutions

• Document Rejection: Ensure documents are clear and up-to-date.
• Email Verification Issues: Check spam/junk folders for verification emails.
• Account Approval Delays: Contact customer support for assistance.

Average Account Approval Time

• Typically ranges from a few hours to 3 business days depending on document verification speed.

How to Upgrade/Downgrade Account Types

• Log into your account and navigate to the account settings or contact customer support for assistance with changing account types.

alor broker Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies.
• Access to the same trading platforms and tools as live accounts.

How to Open a Demo Account

• Follow the same registration process as for live accounts, selecting the demo option during account type selection.

Demo Account Limitations

• Limited to virtual funds and cannot be used for real trading.
• May have a set expiration date.

Virtual Balance Amount

• Typically set at 1,000,000 RUR or equivalent in virtual currency.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.
• Performance in demo accounts may not reflect actual trading conditions.

Duration/Expiry of Demo Accounts

• Demo accounts typically remain active for a limited time, often 30 days, but can be extended based on broker policies.

alor broker Islamic Account Details

Swap-Free/Islamic Account Availability

• Alor broker offers Islamic accounts that comply with Sharia law, meaning no swap fees are charged.

Eligibility Requirements

• Must provide proof of Islamic faith or intention to trade in accordance with Islamic principles.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, which can make them more cost-effective for long-term positions.

How to Apply for Islamic Account

• Indicate the request for an Islamic account during the registration process or contact customer support after opening a standard account.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions, including limitations on certain instruments.

FAQs – alor broker Account Types & Opening

1. What account types does alor broker offer？

• Alor broker offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: 10,000 RUR, ECN: 50,000 RUR, Pro: 100,000 RUR, Islamic: 10,000 RUR, Demo: Virtual funds.

1. How long does alor broker account verification take？

• Verification typically takes a few hours to several business days.

1. Does alor broker offer demo accounts？

• Yes, alor broker provides demo accounts for practice trading.

1. Can I have multiple account types with alor broker？

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

1. Does alor broker offer Islamic/swap-free accounts？

• Yes, alor broker offers Islamic accounts that do not incur swap fees.

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

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

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