ARAB FINANCE CORPORATION broker Accounts

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

afc Account Types Explained

AFC offers a variety of account types tailored to meet the needs of different traders. Below is a comprehensive overview of the available account types:

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, user-friendly interface, access to educational resources
• Target User Profile: Beginner traders
• Trading Instruments Available: Forex, commodities, indices

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Low spreads starting from 0.1 pips + commission
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution, suitable for scalpers
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Tight spreads with lower commission fees
• Leverage Options: Up to 1:100
• Key Features: Advanced trading tools, priority customer service
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Forex, commodities, indices, stocks

4. Islamic Account

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

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: Risk-free environment for practice, access to all trading tools
• Target User Profile: All trader levels
• Trading Instruments Available: Forex, commodities, indices

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
• All Levels for Practice: Demo Account

Detailed afc Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:
• Low minimum deposit
• User-friendly interface
• Access to educational resources
• ECN Account:
• Low spreads and fast execution
• Direct market access
• Suitable for high-frequency trading
• Pro Account:
• Advanced trading tools
• Lower commission fees
• Priority customer support
• Islamic Account:
• Compliant with Sharia law
• No interest fees
• Suitable for Muslim traders
• Demo Account:
• Risk-free trading environment
• Access to all trading tools
• Ideal for practice and strategy testing

Disadvantages of Each Account Type

• Standard Account:
• Higher spreads compared to ECN
• Limited advanced features
• ECN Account:
• Higher minimum deposit
• Commission fees may apply
• Pro Account:
• High minimum deposit
• Not suitable for beginners
• Islamic Account:
• Limited to Muslim traders
• May have fewer features than other accounts
• Demo Account:
• Virtual funds only
• Limited to practice, not real trading

afc Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries, but specific restrictions may apply based on local regulations.
• Prohibited Countries: Countries under international sanctions or where AFC is not authorized to operate.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Recent documents showing name and address.
• Additional Documentation for Professional Accounts: May require business registration documents or proof of trading experience.

KYC/AML Compliance Procedures

AFC adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to verify their identity and address before trading.

Verification Time Frames

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

Step-by-Step afc Account Opening Guide

Registration Process

1. Visit Website and Click Registration: Go to the AFC website and locate the registration button.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the account type that suits your trading needs.
4. Set Trading Preferences: Indicate your trading preferences, such as leverage and trading instruments.
5. Document Upload: Upload the required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit funds into your account to start trading.
8. 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, though the mobile interface may have fewer fields visible at once.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and in the correct format (PDF, JPEG).
• Issue: Verification delays.
• 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

To change account types, contact customer support or navigate to the account settings in the trading platform.

afc Demo Account Guide

Demo Account Features and Benefits

• Risk-free environment for practicing trading strategies.
• Access to all trading tools available in live accounts.
• Ideal for new traders to familiarize themselves with the platform.

How to Open a Demo Account

• Visit the AFC website and select the demo account option.
• Fill in the registration form with your details.
• Receive access to the demo trading platform.

Demo Account Limitations

• Limited to virtual funds, not real money.
• May have a time limit on usage (e.g., 30 days).

Virtual Balance Amount

Typically, demo accounts come with a virtual balance of $10,000 or more, depending on the broker's policy.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Demo accounts may have limited features compared to live accounts.

Duration/Expiry of Demo Accounts

Demo accounts usually expire after 30 days of inactivity, but this may vary by broker.

afc Islamic Account Details

Swap-free/Islamic Account Availability

AFC offers Islamic accounts that comply with Sharia law, providing a swap-free trading experience.

Eligibility Requirements

To qualify for an Islamic account, clients must declare their adherence to Islamic finance principles.

Differences from Standard Accounts

Islamic accounts do not incur swap fees, making them suitable for Muslim traders.

How to Apply for Islamic Account

Select the Islamic account option during registration or contact customer support for assistance.

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions, such as limits on certain trading strategies.

FAQs – afc Account Types & Opening

1. What account types does afc offer？

• AFC 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 afc account verification take？

• Verification typically takes 1-3 business days.

1. Does afc offer demo accounts？

• Yes, AFC offers demo accounts for practice trading.

1. Can I have multiple account types with afc？

• Yes, clients can have multiple account types.

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

• Yes, AFC provides Islamic accounts that are swap-free.

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

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

1. Can I change my account type after registration？

• Yes, you can change your account type by contacting customer support.