Anvil broker Accounts

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

anvil Account Types Explained

Anvil offers several account types tailored to different trading needs and user profiles. Below is a detailed overview of each account type available in 2025:

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: Basic trading tools, access to all trading instruments, and educational resources.
• Target User Profile: Beginners and retail traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Spreads from 0.1 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, faster execution speeds, and lower spreads.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 0.0 pips; commission of $2 per lot.
• Leverage Options: Up to 1:100.
• Key Features: Enhanced trading tools, priority customer support, and advanced analytics.
• Target User Profile: Professional traders and institutional clients.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

4. Islamic Account

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

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Unlimited access to practice trading with virtual funds.
• Target User Profile: Beginners and those wanting to test strategies.
• Trading Instruments Available: All instruments available in 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 anvil Account Features

Feature Comparison Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• Suitable for beginners.

• Access to educational resources.

• ECN Account:

• Tight spreads and low commissions.

• Ideal for scalping and high-frequency trading.

• Direct access to market liquidity.

• Pro Account:

• Best for professional trading.

• Advanced trading tools and analytics.

• Priority customer support.

• Islamic Account:

• Complies with Islamic finance principles.

• No swap fees.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Unlimited access to practice trading.

• Helps build confidence before live trading.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN and Pro accounts.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit.

• Commission fees can add up for frequent traders.

• Pro Account:

• Requires a significant initial investment.

• Not suitable for casual traders.

• Islamic Account:

• Limited to specific trading instruments.

• May have fewer features compared to other accounts.

• Demo Account:

• No real money involved.

• Limited to virtual trading experience.

anvil Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; check specific regulations.
• Prohibited Countries: Specific countries may be restricted; check the anvil website for details.
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license).
• Proof of residence (utility bill or bank statement).
• Additional Documentation for Professional Accounts: May require business registration documents.

KYC/AML Compliance Procedures

• Users must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• This includes submitting identification and proof of residence documents.

Verification Time Frames

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

Step-by-Step anvil Account Opening Guide

Registration Process

1. Visit Website: Go to the anvil website.
2. Click Registration: Click on the "Sign Up" button.
3. Personal Information Entry: Fill in 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: Specify trading preferences and risk tolerance.
6. Document Upload: Upload required identity verification documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds 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; however, mobile users may have a more streamlined experience.

Common Registration Issues and Solutions

• Issue: Document upload errors.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Users can contact customer support or access their account settings to request an upgrade or downgrade.

anvil Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading.
• Access to all trading instruments available in live accounts.
• Unlimited virtual funds for trading.

How to Open a Demo Account

• Follow the standard registration process and select the demo account option.

Demo Account Limitations

• No real money involved.
• Limited to virtual trading experience; cannot withdraw profits.

Virtual Balance Amount

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

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.
• Live accounts incur real trading costs, including spreads and commissions.

Duration/Expiry of Demo Accounts

• Demo accounts typically remain active for 30 days but can be extended upon request.

anvil Islamic Account Details

Swap-Free/Islamic Account Availability

• Anvil offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Must provide documentation confirming the need for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees for overnight positions.

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; check with customer support for details.

FAQs – anvil Account Types & Opening

1. What account types does anvil offer？

• Anvil 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: N/A.

1. How long does anvil account verification take？

• Verification typically takes 1-3 business days.

1. Does anvil offer demo accounts？

• Yes, anvil offers demo accounts for practice trading.

1. Can I have multiple account types with anvil？

• Yes, users can have multiple account types.

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

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

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

• Government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, users can request to upgrade or downgrade their account type through customer support.