Ashika broker Accounts

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

ashika Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit: ₹10,000
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:50
• Key Features: Basic trading tools, access to major currency pairs, and commodities.
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, and indices.

1. ECN Account

• Minimum Deposit: ₹25,000
• Spread/Commission Structure: Tight spreads from 0.1 pips with a commission of ₹20 per lot
• Leverage Options: Up to 1:100
• Key Features: Direct market access, low latency trading, and advanced trading tools.
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, and cryptocurrencies.

1. Pro Account

• Minimum Deposit: ₹50,000
• Spread/Commission Structure: Spreads from 0.5 pips with a commission of ₹15 per lot
• Leverage Options: Up to 1:200
• Key Features: Enhanced trading conditions, priority execution, and dedicated account manager.
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, and stocks.

1. Islamic Account

• Minimum Deposit: ₹10,000
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:50
• Key Features: Swap-free trading to comply with Islamic finance principles.
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex and commodities.

1. Demo Account

• Minimum Deposit: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Same as Standard Account
• Key Features: Practice trading without risk, access to all trading instruments.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Forex, commodities, and 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 ashika Account Features

Feature Comparison Across Account Types

• Minimum Deposit:

• Standard: ₹10,000

• ECN: ₹25,000

• Pro: ₹50,000

• Islamic: ₹10,000

• Demo: N/A

• Maximum Leverage:

• Standard: 1:50

• ECN: 1:100

• Pro: 1:200

• Islamic: 1:50

• Demo: Same as Standard

• Spreads (Typical/Minimum):

• Standard: 1.5 pips

• ECN: 0.1 pips

• Pro: 0.5 pips

• Islamic: Same as Standard

• Demo: Same as Standard

• Commission Fees:

• Standard: N/A

• ECN: ₹20 per lot

• Pro: ₹15 per lot

• Islamic: N/A

• Demo: N/A

• Lot Size:

• Standard: 1 lot

• ECN: 0.1 lot (micro)

• Pro: 1 lot

• Islamic: 1 lot

• Demo: 1 lot

• Available Trading Platforms:

• All accounts: MT4, MT5, and proprietary platforms.

• Execution Type:

• Standard: Market

• ECN: Instant

• Pro: ECN

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Available for Standard and Islamic accounts.

• Swap-Free Options:

• Available for Islamic accounts.

• Demo Account Features:

• Virtual funds for practice trading, access to all instruments.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to a variety of instruments

• ECN Account:

• Tight spreads

• Direct market access

• Ideal for scalpers and high-frequency traders

• Pro Account:

• Enhanced trading conditions

• Lower commission fees

• Dedicated support

• Islamic Account:

• Complies with Islamic finance principles

• No swap fees

• Demo Account:

• Risk-free trading environment

• Opportunity to test strategies

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees can add up

• Pro Account:

• Requires a higher initial investment

• More complex trading conditions

• Islamic Account:

• Limited to specific trading instruments

• May have higher spreads

• Demo Account:

• No real profits

• Limited duration for practice

ashika Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to Indian residents and NRIs.
• Prohibited Countries: Not specified, but generally excludes countries under international sanctions.

Identity Verification Documents Needed

• Proof of Identity: Government-issued ID (Aadhar card, passport, etc.)
• Proof of Residence: Utility bill, bank statement, or rental agreement.

Additional Documentation for Professional Accounts

• Financial statements or proof of income may be required for Pro accounts.

KYC/AML Compliance Procedures

• Complete KYC form submission.
• Verification of identity and address documents.
• Compliance with Anti-Money Laundering regulations.

Verification Time Frames

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

Step-by-Step ashika Account Opening Guide

Detailed Registration Process

1. Visit Website: Go to the ashika website and click on the "Open an Account" 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 best suits your trading needs.
4. Set Trading Preferences: Specify your trading preferences and risk appetite.
5. Document Upload: Upload the required identity and residence verification 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: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile registration may have additional app-specific prompts.

Common Registration Issues and Solutions

• Issue: Document upload fails.

• Solution: Ensure documents are clear and in the correct format.

• Issue: 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

• Contact customer support or use the account management section on the website to request changes.

ashika 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.

How to Open a Demo Account

• Visit the ashika website and select the demo account option.
• Fill in the required information and create an account.

Demo Account Limitations

• Limited duration (typically 30 days).
• No real profits or losses.

Virtual Balance Amount

• Usually provided with a virtual balance of ₹1,000,000 for practice.

Demo vs Live Account Differences

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

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days but can be renewed upon request.

ashika Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available for traders who require swap-free trading options.

Eligibility Requirements

• Must provide proof of religious beliefs requiring compliance with Islamic finance principles.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, which may lead to higher spreads.

How to Apply for Islamic Account

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

Restrictions or Special Conditions

• May have limitations on certain trading instruments.

FAQs – ashika Account Types & Opening

1. What account types does ashika offer？

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

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

• Standard: ₹10,000, ECN: ₹25,000, Pro: ₹50,000, Islamic: ₹10,000, Demo: N/A.

1. How long does ashika account verification take？

• Verification typically takes 1-3 business days.

1. Does ashika offer demo accounts？

• Yes, ashika offers demo accounts for practice trading.

1. Can I have multiple account types with ashika？

• Yes, traders can open multiple account types.

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

• Yes, Islamic accounts are available for traders requiring swap-free options.

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

• Proof of identity 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.