ANGMARKETS broker Accounts

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

ang markets Account Types Explained

ang markets offers a variety of account types tailored to different trading needs and experience levels. Below is an overview of the available account types, including their features, minimum deposit requirements, and target user profiles.

Account Types Overview

1. Standard Account

• Minimum Deposit: $200
• Spread/Commission Structure: Variable spreads starting from 2.0 pips
• Leverage Options: Up to 1:500
• Key Features: Ideal for beginners, offers a user-friendly trading platform.
• Target User Profile: New traders looking to enter the forex market.
• Trading Instruments Available: Forex, CFDs, commodities, indices.

1. ECN Account

• Minimum Deposit: $500
• Spread/Commission Structure: Spreads from 0.0 pips plus commission
• Leverage Options: Up to 1:500
• Key Features: Direct market access, lower spreads, suitable for high-frequency trading.
• Target User Profile: Experienced traders who require fast execution and lower trading costs.
• Trading Instruments Available: Forex, CFDs, commodities, indices.

1. Pro Account

• Minimum Deposit: $5,000
• Spread/Commission Structure: Fixed spreads starting from 1.4 pips
• Leverage Options: Up to 1:200
• Key Features: Advanced trading tools, priority customer support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, CFDs, commodities, indices, and cryptocurrencies.

1. Islamic Account

• Minimum Deposit: $1,000
• Spread/Commission Structure: Similar to standard accounts but without swap fees.
• Leverage Options: Up to 1:500
• Key Features: Compliant with Sharia law, no overnight interest.
• Target User Profile: Muslim traders seeking a compliant trading option.
• Trading Instruments Available: Forex, CFDs, commodities, indices.

1. Demo Account

• Minimum Deposit: Virtual funds provided (typically $10,000)
• Spread/Commission Structure: Same as live accounts
• Leverage Options: Same as live accounts
• Key Features: Risk-free environment to practice trading strategies.
• Target User Profile: Beginners and experienced traders wanting to test strategies.
• Trading Instruments Available: Same as live accounts.

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 ang markets Account Features

Features Comparison Across Different Account Types

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit
• User-friendly interface
• No commission fees
• Disadvantages:
• Higher spreads compared to ECN accounts
• Limited advanced features

ECN Account

• Advantages:
• Very low spreads
• Direct market access
• Suitable for high-frequency trading
• Disadvantages:
• Requires a higher minimum deposit
• May incur commission fees

Pro Account

• Advantages:
• Advanced trading tools
• Priority customer support
• Fixed spreads
• Disadvantages:
• High minimum deposit
• Lower leverage compared to other accounts

Islamic Account

• Advantages:
• Compliant with Sharia law
• No overnight interest
• Disadvantages:
• Higher minimum deposit
• Limited availability of trading instruments

Demo Account

• Advantages:
• Risk-free trading environment
• Same features as live accounts
• Disadvantages:
• Virtual funds only
• No real profits can be made

ang markets Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Services may not be available in certain countries.
• Prohibited Countries: Clients from the USA, Cuba, Sudan, Syria, and North Korea are not accepted.
• Identity Verification Documents Needed: Government-issued photo ID (passport, drivers license).
• Proof of Residence Requirements: Utility bill or bank statement showing the current address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial statements.

KYC/AML Compliance Procedures

ang markets adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. Clients must provide necessary documentation to verify their identity and address.

Verification Time Frames

The account verification process typically takes 1-3 business days, depending on the completeness of the submitted documents.

Step-by-Step ang markets Account Opening Guide

Registration Process

1. Visit Website: Go to the ang markets website.
2. Click Registration: Find and click on the "Open Account" button.
3. Personal Information Entry: Fill in required personal details such as name, email, and phone number.
4. Choose Account Type: Select the desired account type from the options available.
5. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
6. Document Upload: Upload the necessary identification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds into your trading account to start trading.
9. 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, but the mobile interface may have a simplified layout for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are in the correct format and within size limits.
• Issue: Verification takes too long.
• Solution: Contact customer support for assistance.

Average Account Approval Time

Typically, account approval takes 1-3 business days, depending on the volume of applications and the completeness of submitted documents.

How to Upgrade/Downgrade Account Types

To change account types, contact ang markets customer support for guidance on the process and any additional requirements.

ang markets Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments and features available in live accounts.
• Benefits: Allows traders to practice strategies without financial risk.

How to Open a Demo Account

1. Visit the ang markets website.
2. Click on the "Open Demo Account" option.
3. Fill in the required information and submit.

Demo Account Limitations

• Virtual Balance Amount: Typically $10,000 in virtual funds.
• Duration/Expiry of Demo Accounts: Demo accounts may expire after a set period, usually 30 days, but can often be renewed.

Demo vs Live Account Differences

• Demo Accounts: Use virtual funds, no real profits or losses.
• Live Accounts: Require real funds, with actual profits and losses.

ang markets Islamic Account Details

Swap-Free/Islamic Account Availability

Yes, ang markets offers Islamic accounts that comply with Sharia law, ensuring no swap fees are charged.

Eligibility Requirements

Clients must declare their need for an Islamic account during the registration process.

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 or contact customer support for assistance.

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions that differ from standard accounts, including limits on certain trading strategies.

FAQs – ang markets Account Types & Opening

1. What account types does ang markets offer？

• ang markets offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: $200, ECN: $500, Pro: $5,000, Islamic: $1,000, Demo: Virtual funds.

1. How long does ang markets account verification take？

• Verification typically takes 1-3 business days.

1. Does ang markets offer demo accounts？

• Yes, ang markets offers demo accounts for practice trading.

1. Can I have multiple account types with ang markets？

• Yes, clients can open multiple account types as needed.

1. Does ang markets offer Islamic/swap-free accounts？

• Yes, ang markets provides Islamic accounts that do not incur swap fees.

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

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

1. Can I change my account type after registration？

• Yes, account types can be changed by contacting customer support.