AMA broker Accounts

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

ama Account Types Explained

When considering trading with ama, it's essential to understand the various account types available. Each account type is tailored to meet different trading needs and preferences. Below is a comprehensive overview of the ama account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:500
• Key Features: Suitable for beginners; access to a wide range of trading instruments.
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

2. ECN Account

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

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Tight spreads with lower commissions
• Leverage Options: Up to 1:100
• Key Features: Enhanced trading conditions; suitable for professional traders.
• Target User Profile: Institutional and professional traders
• Trading Instruments Available: Forex, commodities, indices, and stocks.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to standard accounts
• Leverage Options: Up to 1:500
• Key Features: Swap-free trading in compliance with Islamic finance principles.
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000)
• Spread/Commission Structure: Same as standard accounts
• Leverage Options: Up to 1:500
• Key Features: Risk-free environment to practice trading strategies.
• 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: ECN Account
• Advanced Traders: Pro Account
• Muslim Traders: Islamic Account
• Practice Traders: Demo Account

Detailed ama Account Features

Comparison of Features Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:100

• Islamic: Up to 1:500

• Demo: Up to 1:500

• Spreads:

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: Tight spreads

• Islamic: Similar to Standard

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: Lower commissions

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, 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: Instant

• Islamic: Market

• Demo: Market

• Islamic Account Availability: Yes for Islamic Account

• Swap-Free Options: Available for Islamic Account

• Demo Account Features: Unlimited access to virtual funds for practice.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Wide range of instruments

• ECN Account:

• Direct market access

• Low spreads

• Ideal for scalping

• Pro Account:

• Professional trading conditions

• Lower trading costs

• Access to advanced trading tools

• Islamic Account:

• Compliant with Islamic finance

• No swap fees

• Flexible trading conditions

• Demo Account:

• Risk-free trading environment

• Practice with virtual funds

• Test strategies before live trading

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees may apply

• Pro Account:

• Higher minimum deposit

• Not suitable for beginners

• Islamic Account:

• Limited to Muslim traders

• May have fewer features than standard accounts

• Demo Account:

• No real profits

• Limited to virtual trading experience

ama Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents in most countries; check specific restrictions.
• Prohibited Countries: Specific countries may be restricted based on regulatory requirements.
• Identity Verification Documents Needed:
• Government-issued ID (passport or driver's license)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Must provide a document showing current address.
• Additional Documentation for Professional Accounts: May require additional financial documentation.

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

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

Step-by-Step ama Account Opening Guide

Detailed Step-by-Step Registration Process

1. Visit Website and Click Registration: Go to the ama trading platform website and locate the registration button.
2. Personal Information Entry: Fill out the required personal information, including name, email, and phone number.
3. Choose Account Type: Select the desired account type based on your trading needs.
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the necessary identity verification documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Once verified, deposit funds into your trading account.
8. Start Trading: Begin trading with your newly opened account.

Desktop vs Mobile Registration Differences

• The registration process is generally 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 correct format.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• The average account approval time is 1 to 3 business days, depending on the documentation provided.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of your account type, providing any necessary documentation as required.

ama Demo Account Guide

Demo Account Features and Benefits

• The demo account allows traders to practice trading strategies without financial risk, using virtual funds.

How to Open a Demo Account

• Visit the ama website, select the demo account option, and complete the registration process.

Demo Account Limitations

• The demo account may have a limited duration or virtual balance, depending on the broker's policies.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $10,000 or more.

Demo vs Live Account Differences

• Demo accounts use virtual funds and do not involve real financial transactions, while live accounts involve real money trading.

Duration/Expiry of Demo Accounts

• Demo accounts may expire after a certain period, often ranging from 30 to 90 days, depending on the broker.

ama Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available and designed to comply with Islamic finance principles, offering swap-free trading.

Eligibility Requirements

• Must be a Muslim trader to qualify for an Islamic account.

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

• Islamic accounts may have specific trading conditions or restrictions based on compliance with Sharia law.

FAQs – ama Account Types & Opening

1. What account types does ama offer？

• ama 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 funds.

1. How long does ama account verification take？

• Account verification typically takes 1 to 3 business days.

1. Does ama offer demo accounts？

• Yes, ama offers demo accounts for practice trading.

1. Can I have multiple account types with ama？

• Yes, you can have multiple account types, but you may need to contact customer support for assistance.

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

• Yes, ama offers Islamic accounts that are swap-free.

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

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

1. Can I change my account type after registration？

• Yes, you can change your account type by contacting customer support.