The Administrative Office of Courts (AOC) offers various account types tailored to different trading needs and preferences. Below is a detailed overview of the available account types:
| Account Type | Minimum Deposit | Spread (Min) | Commission | Leverage | Target User Profile |
|---|---|---|---|---|---|
| Standard | $100 | 1.0 pips | None | 1:500 | Beginners |
| ECN | $500 | 0.1 pips | $3/lot | 1:200 | Advanced Traders |
| Pro | $1,000 | 0.0 pips | $2/lot | 1:100 | Professionals |
| Islamic | $100 | 1.0 pips | None | 1:500 | Muslim Traders |
| Demo | N/A | 1.0 pips | None | 1:500 | Beginners |
When comparing the features of different aoc account types, the following aspects are essential:
Minimum Deposit
Standard: $100
ECN: $500
Pro: $1,000
Islamic: $100
Demo: N/A
Maximum Leverage
Standard: Up to 1:500
ECN: Up to 1:200
Pro: Up to 1:100
Islamic: Up to 1:500
Demo: Up to 1:500
Spreads (Typical/Minimum)
Standard: 1.0 pips
ECN: 0.1 pips
Pro: 0.0 pips
Islamic: 1.0 pips
Demo: 1.0 pips
Commission Fees
Standard: None
ECN: $3 per lot
Pro: $2 per lot
Islamic: None
Demo: None
Lot Size
Standard: Micro (0.01), Mini (0.1), Standard (1.0)
ECN: Micro (0.01), Mini (0.1), Standard (1.0)
Pro: Micro (0.01), Mini (0.1), Standard (1.0)
Islamic: Micro (0.01), Mini (0.1), Standard (1.0)
Demo: Micro (0.01), Mini (0.1), Standard (1.0)
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: ECN
Islamic: Market
Demo: Market
Islamic Account Availability
Standard: Yes
ECN: Yes
Pro: Yes
Islamic: Yes
Demo: No
Swap-Free Options
Available for all account types except Demo.
Demo Account Features
Virtual funds for practice; access to all trading instruments.
Standard Account:
Low minimum deposit.
No commission fees.
Suitable for beginners.
ECN Account:
Tight spreads.
Direct market access.
Ideal for high-frequency trading.
Pro Account:
Lowest spreads.
Professional trading conditions.
Suitable for institutional traders.
Islamic Account:
Compliant with Sharia law.
No swap fees.
Available for all trading instruments.
Demo Account:
Risk-free trading environment.
Practice with virtual funds.
Access to all trading instruments.
Standard Account:
Higher spreads compared to ECN and Pro accounts.
Limited features for advanced trading.
ECN Account:
Higher minimum deposit.
Commission fees may reduce profitability.
Pro Account:
High minimum deposit requirement.
More suitable for experienced traders.
Islamic Account:
Limited to Muslim traders.
May have restrictions on certain trading strategies.
Demo Account:
Limited to virtual funds.
No real market experience.
To open an aoc account, the following eligibility criteria and requirements must be met:
Eligibility Criteria:
Age Requirements: Minimum age of 18 years.
Geographic Restrictions: Available to residents of most countries; specific restrictions may apply.
Prohibited Countries: Countries under international sanctions may be restricted.
Identity Verification Documents Needed:
Government-issued ID (passport or national ID).
Proof of residence (utility bill or bank statement).
Additional Documentation for Professional Accounts:
Proof of income or financial status may be required for Pro accounts.
KYC/AML Compliance Procedures:
All clients must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
Verification Time Frames:
Account verification typically takes 1-3 business days.
Follow these steps to open an aoc account:
Once your account is funded, you can begin trading.
Desktop vs Mobile Registration Differences:
The registration process is similar on both platforms, though mobile may have a simplified interface.
Common Registration Issues and Solutions:
Ensure all documents are clear and legible to avoid delays.
Double-check that all personal information is accurate.
Average Account Approval Time:
Typically 1-3 business days.
How to Upgrade/Downgrade Account Types:
Contact customer support to request an account type change.
Demo Account Features and Benefits:
Provides a risk-free environment to practice trading strategies.
Access to all trading instruments with virtual funds.
How to Open a Demo Account:
Visit the aoc website and select the option to open a demo account.
Demo Account Limitations:
Limited to virtual funds; cannot be used for real trading.
Virtual Balance Amount:
Typically offers a virtual balance of $10,000.
Demo vs Live Account Differences:
Demo accounts use virtual funds, while live accounts involve real money trading.
Duration/Expiry of Demo Accounts:
Demo accounts may remain active for a limited period, often 30 days, unless extended.
Swap-Free/Islamic Account Availability:
Islamic accounts are available for all account types.
Eligibility Requirements:
Must be a Muslim trader adhering to Sharia law.
Differences from Standard Accounts:
No swap fees applied to Islamic accounts.
How to Apply for Islamic Account:
Select the Islamic account option during the registration process.
Restrictions or Special Conditions:
Islamic accounts may have specific trading conditions to comply with Sharia law.
Explore broker markets account types: forex/trading accounts with demo access.