AMAAN CAPITAL broker Accounts

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

Part 1: amaan Account Types Overview

amaan Account Types Explained

Amaan offers a variety of account types tailored to different trading needs and preferences. Heres a detailed overview of each account type available:

1. Standard Account

• Minimum Deposit Requirement: Varies by region; typically around $100.
• Spread/Commission Structure: Fixed spreads starting from 1.5 pips.
• Leverage Options: Up to 1:500.
• Key Features: Ideal for beginners; access to all trading instruments.
• Target User Profile: Beginners and retail traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. ECN Account

• Minimum Deposit Requirement: $500.
• Spread/Commission Structure: Variable spreads starting from 0 pips; commission applies.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices.

1. Pro Account

• Minimum Deposit Requirement: $1,000.
• Spread/Commission Structure: Very low spreads with a commission on trades.
• Leverage Options: Up to 1:100.
• Key Features: Advanced trading tools and features; suitable for professional traders.
• Target User Profile: Professional and institutional traders.
• Trading Instruments Available: Forex, commodities, indices, and stocks.

1. Islamic Account

• Minimum Deposit Requirement: Same as Standard or ECN accounts.
• Spread/Commission Structure: Similar to Standard or ECN accounts but swap-free.
• Leverage Options: Up to 1:500.
• Key Features: Designed for Muslim traders; complies with Sharia law.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000).
• Spread/Commission Structure: Same as the Standard account.
• Leverage Options: Same as the Standard account.
• Key Features: Risk-free environment to practice trading.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: Same as live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: amaan Account Features Comparison

Detailed amaan Account Features

When comparing the features of different amaan account types, consider the following aspects:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: Same as Standard or ECN

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:100

• Islamic: 1:500

• Spreads (Typical/Minimum):

• Standard: Starting from 1.5 pips

• ECN: Starting from 0 pips (with commission)

• Pro: Very low spreads (with commission)

• Islamic: Same as Standard or ECN

• Commission Fees:

• Standard: None

• ECN: Yes, per trade

• Pro: Yes, per trade

• Islamic: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Standard

• Islamic: Micro, Mini, Standard

• Available Trading Platforms:

• All accounts: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market/ECN

• Islamic: Market

• Islamic Account Availability:

• Yes, available for Standard and ECN accounts.

• Swap-Free Options:

• Available for Islamic accounts.

• Demo Account Features:

• Virtual balance, access to all trading instruments, no time limit for practice.

Advantages of Each Account Type

• Standard Account:

• User-friendly for beginners.

• No commission fees.

• Access to a wide range of instruments.

• ECN Account:

• Lower spreads.

• Faster execution speeds.

• Ideal for scalping strategies.

• Pro Account:

• Advanced tools and features.

• Very low trading costs.

• Suitable for high-volume traders.

• Islamic Account:

• Complies with Sharia law.

• No swap fees.

• Same features as Standard or ECN accounts.

• Demo Account:

• Risk-free trading environment.

• Ideal for strategy testing.

• No financial risk involved.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced features.

• ECN Account:

• Requires a higher minimum deposit.

• Commission fees can add up.

• Pro Account:

• High minimum deposit requirement.

• More suitable for experienced traders.

• Islamic Account:

• Limited to specific account types.

• May not be available in all regions.

• Demo Account:

• No real money involved.

• Limited to virtual funds.

Part 3: amaan Account Opening Requirements

amaan Account Registration Requirements

To open an amaan account, you must meet the following eligibility criteria:

• Age Requirements:

• Must be at least 18 years old.

• Geographic Restrictions:

• Available to residents of specific countries; check the amaan website for details.

• Prohibited Countries:

• Certain countries may be restricted based on regulatory compliance.

• Identity Verification Documents Needed:

• Government-issued ID (passport or national ID).

• Proof of address (utility bill, bank statement).

• Proof of Residence Requirements:

• Recent document showing your name and address.

• Additional Documentation for Professional Accounts:

• May require additional financial documents or proof of trading experience.

KYC/AML Compliance Procedures

• All clients must complete a Know Your Customer (KYC) process, which includes identity verification and proof of address.
• Anti-Money Laundering (AML) checks are conducted to ensure compliance with regulations.

Verification Time Frames

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

Part 4: amaan Account Opening Process

Step-by-Step amaan Account Opening Guide

1. Visit Website and Click Registration:

• Go to the amaan official website.

1. Personal Information Entry:

• Fill in your personal details, including name, email, and phone number.

1. Choose Account Type:

• Select the account type that best suits your trading needs.

1. Set Trading Preferences:

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

1. Document Upload:

• Upload the required identity verification documents.

1. Account Verification:

• Wait for the amaan team to verify your documents.

1. Fund Your Account:

• Deposit the minimum required amount to activate your account.

1. Start Trading:

• Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but mobile may have a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document rejection.

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

• Issue: Delayed verification.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes 1-3 business days.

How to Upgrade/Downgrade Account Types

• Contact customer support or use the account management section on the website to request changes.

Part 5: amaan Demo Account Information

amaan Demo Account Guide

• Demo Account Features and Benefits:

• Access to all trading instruments.

• Risk-free environment to practice trading strategies.

• How to Open a Demo Account:

• Visit the amaan website and select the demo account option.

• Fill in the required information and create your account.

• Demo Account Limitations:

• Limited to virtual funds; cannot withdraw or transfer to live accounts.

• Virtual Balance Amount:

• Typically $10,000 in virtual funds.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds; live accounts involve real money and trading conditions.

• Duration/Expiry of Demo Accounts:

• Demo accounts may have a time limit, usually around 30 days, but can often be extended.

Part 6: amaan Islamic Account Details

amaan Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Islamic accounts are available for both Standard and ECN account types.

• Eligibility Requirements:

• Must declare the need for an Islamic account during registration.

• Differences from Standard Accounts:

• Islamic accounts do not incur swap fees.

• How to Apply for Islamic Account:

• Select the Islamic account option during the account registration process.

• Restrictions or Special Conditions:

• Must comply with Sharia law; no interest-based transactions.

FAQs – amaan Account Types & Opening

1. What account types does amaan offer？

• Amaan 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: Same as Standard or ECN, Demo: Virtual funds.

1. How long does amaan account verification take？

• Verification typically takes 1-3 business days.

1. Does amaan offer demo accounts？

• Yes, amaan offers demo accounts with virtual funds for practice.

1. Can I have multiple account types with amaan？

• Yes, you can open multiple account types.

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

• Yes, Islamic accounts are available for Standard and ECN types.

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

• Government-issued ID and proof of address.

1. Can I change my account type after registration？

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