Ankit broker Accounts

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

Part 1: ankit Account Types Overview

ankit Account Types Explained

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

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: Ideal for beginners, access to all trading instruments, standard lot sizes.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads from 0.0 pips with a commission of $3 per lot.
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, suitable for high-frequency trading.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips with lower commissions.
• Leverage Options: Up to 1:300
• Key Features: Advanced trading tools, priority customer support, and higher leverage.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and CFDs.

1. Islamic Account

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

1. Demo Account

• Minimum Deposit Requirement: Virtual funds of $10,000
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500
• 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.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: ankit Account Features Comparison

Detailed ankit Account Features

When comparing the features of different ankit account types, here are the key aspects to consider:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: $0

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: From 0.5 pips

• Islamic: From 1.0 pips

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: Lower than ECN

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Standard lots

• ECN: Micro, Mini, Standard

• Pro: Standard lots

• Islamic: Standard lots

• Demo: Standard lots

• 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:

• Standard: No

• ECN: No

• Pro: No

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Standard: No

• ECN: No

• Pro: No

• Islamic: Yes

• Demo: No

• Demo Account Features:

• Virtual balance of $10,000, access to all trading instruments, no time limit.

Advantages and Disadvantages of Each Account Type

• Standard Account:

• Advantages: Low minimum deposit, no commissions, suitable for beginners.

• Disadvantages: Higher spreads compared to ECN.

• ECN Account:

• Advantages: Low spreads, suitable for scalping, direct market access.

• Disadvantages: Higher minimum deposit, commission fees apply.

• Pro Account:

• Advantages: Lower commissions, advanced trading tools, priority support.

• Disadvantages: Higher minimum deposit.

• Islamic Account:

• Advantages: Compliant with Sharia law, no overnight interest.

• Disadvantages: Limited to specific trading instruments.

• Demo Account:

• Advantages: Risk-free trading, practice strategies, no time limit.

• Disadvantages: Virtual funds only, no real profits.

Part 3: ankit Account Opening Requirements

ankit Account Registration Requirements

To open an account with ankit, the following eligibility criteria and documentation are required:

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.

• Geographic Restrictions: Available in most countries, but may be restricted in certain jurisdictions.

• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.

• Identity Verification Documents Needed:

• Government-issued photo 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:

• Proof of trading experience or professional qualifications may be required.

• KYC/AML Compliance Procedures:

• All accounts must comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.

• Verification Time Frames:

• Account verification typically takes 1-3 business days.

Part 4: ankit Account Opening Process

Step-by-Step ankit Account Opening Guide

To open an account with ankit, follow these steps:

1. Visit Website and Click Registration: Navigate to the ankit website and find the registration button.
2. Personal Information Entry: Fill in your personal details such as name, email, and phone number.
3. Choose Account Type: Select the type of account you wish to open (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Indicate your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identity verification 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 your account is funded, you can start trading.

• Desktop vs Mobile Registration Differences: The registration process is similar on both platforms, but mobile may have a simplified interface.
• Common Registration Issues and Solutions: Ensure all documents are clear and legible; double-check personal information for accuracy.
• Average Account Approval Time: Typically 1-3 business days.
• How to Upgrade/Downgrade Account Types: Contact customer support for assistance with changing account types.

Part 5: ankit Demo Account Information

ankit Demo Account Guide

• Demo Account Features and Benefits:

• Allows traders to practice without financial risk.

• Access to all trading instruments and features available in live accounts.

• How to Open a Demo Account:

• Follow the same registration steps as for a live account, selecting the demo option.

• Demo Account Limitations:

• Virtual funds only; no real trading profits can be earned.

• Virtual Balance Amount:

• Typically set at $10,000 for practice.

• Demo vs Live Account Differences:

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

• Duration/Expiry of Demo Accounts:

• Demo accounts may have a time limit, typically ranging from 30 to 90 days.

Part 6: ankit Islamic Account (if available)

ankit Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, ankit offers Islamic accounts that comply with Sharia law.
• Eligibility Requirements: Must be a Muslim trader seeking compliant trading options.
• Differences from Standard Accounts: Islamic accounts do not incur overnight interest.
• How to Apply for Islamic Account: Select the Islamic account option during registration.
• Restrictions or Special Conditions: Must adhere to Islamic trading principles.

FAQs – ankit Account Types & Opening

1. What account types does ankit offer？

• Ankit 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: $0.

1. How long does ankit account verification take？

• Verification typically takes 1-3 business days.

1. Does ankit offer demo accounts？

• Yes, ankit provides demo accounts for practice trading.

1. Can I have multiple account types with ankit？

• Yes, you can open multiple account types.

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

• Yes, ankit offers Islamic accounts compliant with Sharia law.

1. What documents do I need to open an ankit account？

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

1. Can I change my account type after registration？

• Yes, you can contact customer support to change your account type.