AMID broker Accounts

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

amid Account Types Explained

When considering forex trading, understanding the various amid account types is crucial for selecting the right account that aligns with your trading goals and experience level. Below is a detailed overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips, no commission.
• Leverage Options: Up to 1:500.
• Key Features: Ideal for beginners, offers 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: Raw spreads starting from 0.0 pips, commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, suitable for scalpers and 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: Variable spreads starting from 0.5 pips, commission of $2 per lot.
• Leverage Options: Up to 1:400.
• Key Features: Enhanced trading conditions, suitable for professional traders.
• Target User Profile: Professional traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account, no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law, swap-free trading.
• Target User Profile: Traders seeking Sharia-compliant trading options.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000).
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free environment to practice trading strategies.
• Target User Profile: Beginners and those testing new strategies.
• Trading Instruments Available: All available instruments.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed amid Account Features

Feature Comparison Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• Easy to use for beginners.

• No commission fees.

• Access to a wide range of instruments.

• ECN Account:

• Tight spreads.

• Direct market access.

• Suitable for high-frequency trading.

• Pro Account:

• Enhanced trading conditions.

• Lower commission fees.

• Ideal for professional traders.

• Islamic Account:

• Complies with Islamic finance principles.

• No swap fees.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Practice without financial risk.

• Access to all trading instruments.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited features for advanced traders.

• ECN Account:

• Higher minimum deposit requirement.

• Commission fees may add to trading costs.

• Pro Account:

• Requires a higher initial investment.

• Not suitable for casual traders.

• Islamic Account:

• Limited to specific trading conditions.

• May not be available for all instruments.

• Demo Account:

• No real money involved.

• Limited to a virtual balance.

amid Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Varies by country; check with amid for specific restrictions.
• Prohibited Countries: Certain countries may be restricted; verify with amid.
• Identity Verification Documents Needed:
• Government-issued ID (passport, driver's license).
• Social Security Number or Tax Identification Number.
• Proof of Residence Requirements: Recent 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

• amid adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring verification of identity and address.

Verification Time Frames

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

Step-by-Step amid Account Opening Guide

Registration Process

1. Visit Website and Click Registration: Navigate to the amid website and find the registration button.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the desired account type based on your trading needs.
4. Set Trading Preferences: Indicate your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once approved, you can start trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile registration may have additional prompts for document uploads.

Common Registration Issues and Solutions

• Issue: Document not accepted.
• Solution: Ensure documents are clear and meet the specified requirements.
• Issue: Verification delay.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Most accounts are approved within 1-3 business days, depending on the completeness of the application.

How to Upgrade/Downgrade Account Types

• Contact amid customer support to request an upgrade or downgrade, providing necessary documentation if required.

amid Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments, risk-free trading environment.
• Benefits: Perfect for beginners to practice and for experienced traders to test strategies.

How to Open a Demo Account

• Visit the amid website and select the demo account option, then follow the registration steps.

Demo Account Limitations

• Limited to virtual funds; cannot be used for real trading.

Virtual Balance Amount

• Typically set at $10,000 for practice purposes.

Demo vs Live Account Differences

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

Duration/Expiry of Demo Accounts

• Demo accounts may expire after a certain period, typically 30 days, but can often be renewed.

amid Islamic Account Details

Swap-Free/Islamic Account Availability

• amid offers Islamic accounts that comply with Sharia law, allowing for trading without swap fees.

Eligibility Requirements

• Must provide proof of eligibility for Islamic account status.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees and may have specific trading conditions.

How to Apply for Islamic Account

• Select the Islamic account option during registration and provide necessary documentation.

Restrictions or Special Conditions

• May have limitations on certain trading instruments or conditions.

FAQs – amid Account Types & Opening

1. What account types does amid offer？

• amid 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 amid account verification take？

• Verification typically takes 1-3 business days.

1. Does amid offer demo accounts？

• Yes, amid offers demo accounts for practice trading.

1. Can I have multiple account types with amid？

• Yes, traders can open multiple account types.

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

• Yes, amid offers Islamic accounts that comply with Sharia law.

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

• A government-issued ID, Social Security Number, and proof of residence.

1. Can I change my account type after registration？

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