Alphas broker Accounts

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

Part 1: alphas Account Types Overview

alphas Account Types Explained

Alpha offers a variety of account types tailored to different trading needs and profiles. Below is a detailed overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $79/month for a $50k account
• Spread/Commission Structure: Variable spreads
• Leverage Options: Up to 1:100
• Key Features:
• Lower entry cost
• Ideal for beginners
• Cheaper resets and larger drawdowns
• Target User Profile: Beginners and novice traders
• Trading Instruments Available: Forex, commodities, indices

2. Advanced Account

• Minimum Deposit Requirement: $139/month for a $50k account
• Spread/Commission Structure: Variable spreads
• Leverage Options: Up to 1:100
• Key Features:
• No consistency rule
• Higher profit target
• Weekly payouts at a 90% split
• Target User Profile: Experienced traders and professionals
• Trading Instruments Available: Forex, commodities, indices

3. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Low spreads with commission fees
• Leverage Options: Up to 1:200
• Key Features:
• Direct market access
• Suitable for high-frequency trading
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

4. Islamic Account

• Minimum Deposit Requirement: Same as Standard or Advanced accounts
• Spread/Commission Structure: Variable spreads
• Leverage Options: Up to 1:100
• Key Features:
• Swap-free trading
• Compliant with Sharia law
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

5. Demo Account

• Minimum Deposit Requirement: None (virtual funds)
• Spread/Commission Structure: Same as live accounts
• Leverage Options: Up to 1:100
• Key Features:
• Practice trading without risk
• Access to all trading instruments
• Target User Profile: Beginners and traders testing strategies
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginner: Standard Account
• Intermediate: Advanced Account
• Advanced: ECN Account
• Muslim Traders: Islamic Account
• Testing Strategies: Demo Account

Part 2: alphas Account Features Comparison

Detailed alphas Account Features

The following section compares the features across different alphas account types:

• Minimum Deposit:

• Standard: $79/month

• Advanced: $139/month

• ECN: $500

• Islamic: Same as Standard/Advanced

• Demo: None

• Maximum Leverage:

• Standard: 1:100

• Advanced: 1:100

• ECN: 1:200

• Islamic: 1:100

• Demo: 1:100

• Spreads (Typical/Minimum):

• Standard: Variable

• Advanced: Variable

• ECN: Low spreads + commission

• Islamic: Variable

• Demo: Same as live accounts

• Commission Fees:

• Standard: None

• Advanced: None

• ECN: Yes (based on volume)

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro/mini/standard

• Advanced: Micro/mini/standard

• ECN: Micro/mini/standard

• Islamic: Micro/mini/standard

• Demo: Micro/mini/standard

• Available Trading Platforms:

• Standard: MT4/MT5

• Advanced: MT4/MT5

• ECN: MT4/MT5

• Islamic: MT4/MT5

• Demo: MT4/MT5

• Execution Type:

• Standard: Market

• Advanced: Market

• ECN: ECN

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: Yes

• Advanced: Yes

• ECN: Yes

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Standard: Yes

• Advanced: Yes

• ECN: Yes

• Islamic: Yes

• Demo: No

• Demo Account Features:

• Virtual balance, access to all trading instruments, practice trading without risk.

Advantages of Each Account Type

• Standard Account:

• Low entry cost

• Great for beginners

• Flexible trading options

• Advanced Account:

• Higher profit potential

• No consistency rule

• Weekly payouts

• ECN Account:

• Direct market access

• Low spreads

• Ideal for high-frequency trading

• Islamic Account:

• Compliant with Sharia law

• No swap fees

• Flexible trading options

• Demo Account:

• Risk-free trading

• Practice with virtual funds

• Access to all instruments

Disadvantages of Each Account Type

• Standard Account:

• Limited features compared to advanced accounts

• Lower profit targets

• Advanced Account:

• Higher monthly fees

• More complex rules

• ECN Account:

• Requires higher minimum deposit

• Commission fees can add up

• Islamic Account:

• Limited availability for some instruments

• May have restrictions on trading strategies

• Demo Account:

• No real money involved

• Limited to virtual funds

Part 3: alphas Account Opening Requirements

alphas Account Registration Requirements

Eligibility Criteria:

• Age Requirements: Minimum age of 18 years
• Geographic Restrictions: Available globally, but may have restrictions in certain countries
• Prohibited Countries: U.S., North Korea, Iran, and others (specific list not provided)
• Identity Verification Documents Needed: Government-issued ID (passport or drivers license)
• Proof of Residence Requirements: Utility bill or bank statement with the applicant's name and address
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status

KYC/AML Compliance Procedures

• All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks as part of the registration process.

Verification Time Frames

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

Part 4: alphas Account Opening Process

Step-by-Step alphas Account Opening Guide

1. Visit Website and Click Registration:

• Go to the official alphas website and click on the “Open an Account” button.

1. Personal Information Entry:

• Fill out the registration form with personal details, including name, email, and phone number.

1. Choose Account Type:

• Select the desired account type (Standard, Advanced, ECN, Islamic, or Demo).

1. Set Trading Preferences:

• Indicate your trading preferences, including leverage and trading instruments.

1. Document Upload:

• Upload required identity verification documents and proof of residence.

1. Account Verification:

• Wait for the account to be verified by the alphas team.

1. Fund Your Account:

• Once verified, deposit the minimum required amount to start trading.

1. Start Trading:

• Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with mobile offering a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document not accepted

• Solution: Ensure documents are clear and meet the requirements.

• Issue: Verification delays

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Most accounts are approved within 1-3 business days, depending on document verification.

How to Upgrade/Downgrade Account Types

• Account type changes can typically be requested through the user dashboard or by contacting customer support.

Part 5: alphas Demo Account Information

alphas Demo Account Guide

Demo Account Features and Benefits

• Allows traders to practice without financial risk.
• Access to all trading instruments available in live accounts.
• Ideal for testing strategies and familiarizing with the trading platform.

How to Open a Demo Account

• Visit the alphas website and select the option to open a demo account.
• Fill out the required information and submit.

Demo Account Limitations

• Limited to virtual funds; cannot withdraw or trade with real money.

Virtual Balance Amount

• Typically offers a virtual balance of $10,000 or more, depending on the platform.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money and trading risks.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for a specified period (e.g., 30 days) but can be extended based on the platform's policies.

Part 6: alphas Islamic Account Details

alphas Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available for all account types (Standard, Advanced, ECN).

Eligibility Requirements

• Must provide documentation confirming Muslim faith and the need for a swap-free account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, aligning with Sharia law.

How to Apply for Islamic Account

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

Restrictions or Special Conditions

• May have specific trading conditions or restrictions based on the trading platform.

FAQs – alphas Account Types & Opening

1. What account types does alphas offer？

• alphas offers Standard, Advanced, ECN, Islamic, and Demo accounts.

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

• Standard: $79/month, Advanced: $139/month, ECN: $500, Islamic: Same as Standard/Advanced, Demo: None.

1. How long does alphas account verification take？

• Verification typically takes 1-3 business days.

1. Does alphas offer demo accounts？

• Yes, alphas provides demo accounts for practice trading.

1. Can I have multiple account types with alphas？

• Yes, traders can maintain multiple account types.

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

• Yes, Islamic accounts are available for all account types.

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

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

1. Can I change my account type after registration？

• Yes, account type changes can be requested through the user dashboard or customer support.