ASCEN broker Accounts

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

Part 1: ascen Account Types Explained

ascen offers a variety of account types tailored to different trading needs and preferences. Below is an overview of the available account types:

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: Ideal for beginners; user-friendly interface; access to a wide range of trading instruments.
• Target User Profile: Beginners and retail 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 of $5 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access; faster execution speeds; suitable for scalpers and high-frequency traders.
• Target User Profile: Advanced traders and professionals.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; commission of $3 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Enhanced trading conditions; priority customer support; advanced trading tools.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts but swap-free.
• Leverage Options: Up to 1:200.
• Key Features: Compliant with Sharia law; no swap fees; suitable for Muslim traders.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000).
• Spread/Commission Structure: Same as Standard account.
• Leverage Options: Same as Standard account.
• Key Features: Risk-free environment; practice trading strategies; access to all trading instruments.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: ascen Account Features Comparison

Detailed ascen Account Features

The following section compares key features across different ascen account types:

Advantages of Each Account Type

• Standard Account:

• User-friendly for beginners.

• No commission fees.

• Access to a variety of trading instruments.

• ECN Account:

• Lower spreads for high-frequency trading.

• Direct market access.

• Fast execution speeds.

• Pro Account:

• Enhanced trading conditions.

• Priority customer support.

• Advanced trading tools.

• Islamic Account:

• Compliant with Sharia law.

• No swap fees.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Practice strategies without financial risk.

• Access to all trading instruments.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• Limited advanced features.

• ECN Account:

• Requires a higher minimum deposit.

• Commission fees may add up for frequent traders.

• Pro Account:

• Higher minimum deposit requirement.

• More complex trading conditions.

• Islamic Account:

• Limited availability for non-Muslim traders.

• May have fewer trading instruments.

• Demo Account:

• Virtual funds may not reflect real market conditions.

• Limited duration for practice.

Part 3: ascen Account Opening Requirements

ascen Account Registration Requirements

To open an account with ascen, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of countries where ascen operates.
• Prohibited Countries: Specific countries may be restricted; check ascen's website for details.
• Identity Verification Documents Needed:
• Government-issued ID (passport or driver's license).
• Social Security Number (for U.S. residents).
• Proof of Residence Requirements:
• Utility bill or bank statement showing your name and address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

ascen adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This includes verifying the identity of all customers and monitoring transactions for suspicious activity.

Verification Time Frames

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

Part 4: ascen Account Opening Process

Step-by-Step ascen Account Opening Guide

1. Visit Website and Click Registration: Go to the ascen official website and select the "Open an Account" option.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the account type that best suits your trading needs.
4. Set Trading Preferences: Specify your trading preferences, including 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 the minimum required amount to activate your account.
8. Start Trading: Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

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

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are in the correct format and within size limits.
• 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 your account type, log into your account and navigate to the account settings. Follow the prompts to request an upgrade or downgrade.

Part 5: ascen Demo Account Information

ascen Demo Account Guide

The demo account offered by ascen provides a risk-free environment for traders to practice their strategies.

Demo Account Features and Benefits

• Access to all trading instruments available in live accounts.
• Ability to practice trading strategies without financial risk.
• Virtual funds typically amounting to $10,000.

How to Open a Demo Account

To open a demo account, visit the ascen website, select the demo account option, and complete the registration process.

Demo Account Limitations

• The demo account may have a limited duration, typically expiring after 30 days.
• Virtual trading may not fully replicate live market conditions.

Virtual Balance Amount

Demo accounts usually come with a virtual balance of $10,000, allowing traders to test their strategies extensively.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money.
• Performance in a demo account may not reflect actual trading conditions due to market volatility.

Duration/Expiry of Demo Accounts

Demo accounts typically expire after 30 days of inactivity, but users can often request an extension.

Part 6: ascen Islamic Account Details

ascen Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, ascen offers Islamic accounts that comply with Sharia law.
• Eligibility Requirements: Must be a Muslim trader.
• Differences from Standard Accounts: Islamic accounts do not incur swap fees.
• How to Apply for Islamic Account: Select the Islamic account option during the registration process.
• Restrictions or Special Conditions: Must adhere to the principles of Islamic finance.

FAQs – ascen Account Types & Opening

1. What account types does ascen offer？

• ascen 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: $500, Demo: Virtual funds.

1. How long does ascen account verification take？

• Verification typically takes 1-3 business days.

1. Does ascen offer demo accounts？

• Yes, ascen offers demo accounts for practice trading.

1. Can I have multiple account types with ascen？

• Yes, users can open multiple account types.

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

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

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

• A government-issued ID and proof of residence.

1. Can I change my account type after registration？

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