Arpico broker Accounts

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

arpico Account Types Explained

Arpico offers a variety of account types tailored to meet the needs of different traders. Below is an overview of the available account types, including their features and target user profiles.

1. Standard Account

• Minimum Deposit Requirement: LKR 10,000
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:100
• Key Features: User-friendly interface, suitable for beginners
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex, commodities, indices

2. ECN Account

• Minimum Deposit Requirement: LKR 50,000
• Spread/Commission Structure: Low spreads starting from 0.1 pips, commission applies
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution
• Target User Profile: Experienced traders and scalpers
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

3. Pro Account

• Minimum Deposit Requirement: LKR 100,000
• Spread/Commission Structure: Tight spreads with lower commission
• Leverage Options: Up to 1:500
• Key Features: Advanced trading tools, priority support
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Forex, commodities, indices, stocks

4. Islamic Account

• Minimum Deposit Requirement: LKR 20,000
• Spread/Commission Structure: Similar to Standard Account, but swap-free
• Leverage Options: Up to 1:100
• Key Features: Complies with Sharia law, no overnight fees
• Target User Profile: Muslim traders
• 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: Same as Standard Account
• Key Features: Risk-free trading environment, practice strategies
• 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: ECN Account
• Advanced Traders: Pro Account
• Muslim Traders: Islamic Account
• Practice Traders: Demo Account

Detailed arpico Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• Easy to use for beginners

• No commission fees

• Access to a wide range of instruments

• ECN Account:

• Low spreads for cost-effective trading

• Faster execution speeds

• Direct market access

• Pro Account:

• Advanced trading tools

• High leverage options

• Priority customer support

• Islamic Account:

• Complies with Sharia law

• No overnight fees

• Similar trading conditions to Standard Account

• Demo Account:

• Risk-free trading environment

• Opportunity to practice strategies

• Access to all trading instruments

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Requires a higher minimum deposit

• Commission fees may apply

• Pro Account:

• Higher minimum deposit requirement

• More complex for beginners

• Islamic Account:

• Limited to Muslim traders

• May have fewer trading options

• Demo Account:

• Virtual funds only

• Limited duration for practice

arpico Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old
• Geographic Restrictions: Available to residents of Sri Lanka and select countries
• Prohibited Countries: Specific countries may be restricted; check with customer service
• Identity Verification Documents Needed:
• National Identity Card or Passport
• Proof of residence (utility bill or bank statement)
• Additional Documentation for Professional Accounts: Business registration documents and financial statements may be required

KYC/AML Compliance Procedures

• All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Verification of identity and address is mandatory.

Verification Time Frames

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

Step-by-Step arpico Account Opening Guide

Registration Process

1. Visit the Website: Go to the arpico official website.
2. Click Registration: Find and click on the registration button.
3. Personal Information Entry: Fill in personal details such as name, address, and contact information.
4. Choose Account Type: Select the desired account type from the available options.
5. Set Trading Preferences: Specify trading preferences, including leverage and trading instruments.
6. Document Upload: Upload required identity verification and proof of residence documents.
7. Account Verification: Wait for the account to be verified by the arpico team.
8. Fund Your Account: Once verified, deposit funds into your account to start trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but the mobile interface may have fewer options visible at once.

Common Registration Issues and Solutions

• Issue: Document upload fails
• Solution: Ensure documents are in the correct format and within size limits.
• Issue: Account verification delays
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Generally, account approval takes between 1-3 business days.

How to Upgrade/Downgrade Account Types

• Account holders can request to upgrade or downgrade their account type by contacting customer support.

arpico Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies.
• Access to all trading instruments available in live accounts.
• Ideal for beginners to familiarize themselves with the trading platform.

How to Open a Demo Account

• Visit the arpico website and select the demo account option.
• Fill in the required information and submit the application.

Demo Account Limitations

• Virtual funds are limited to a specific amount (e.g., LKR 1,000,000).
• The demo account may have an expiration period (typically 30 days).

Virtual Balance Amount

• The demo account typically comes with a virtual balance of LKR 1,000,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.
• Trading conditions may vary slightly between demo and live accounts.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity.

arpico Islamic Account Details

Swap-free/Islamic Account Availability

• Arpico offers Islamic accounts that comply with Sharia law, ensuring no interest is charged.

Eligibility Requirements

• Available to Muslim traders who can provide necessary documentation for verification.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for long-term trading.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process and provide relevant documentation.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions; consult customer support for details.

FAQs – arpico Account Types & Opening

1. What account types does arpico offer？

• Arpico offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: LKR 10,000, ECN: LKR 50,000, Pro: LKR 100,000, Islamic: LKR 20,000, Demo: N/A.

1. How long does arpico account verification take？

• Verification typically takes 1-3 business days.

1. Does arpico offer demo accounts？

• Yes, arpico provides demo accounts for practice trading.

1. Can I have multiple account types with arpico？

• Yes, you can open multiple account types.

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

• Yes, Islamic accounts are available.

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

• A National Identity Card or Passport and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.