Ask Capital broker Accounts

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

ask capital Account Types Explained

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

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips; no commission.
• Leverage Options: Up to 1:30 for retail clients; higher for professional clients.
• Key Features: User-friendly interface, access to educational resources.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of $3 per lot.
• Leverage Options: Up to 1:100.
• Key Features: Direct market access, lower spreads, faster execution.
• Target User Profile: Experienced traders and scalpers.
• 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 $2 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Advanced trading tools, priority customer support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to the Standard Account, but without swap fees.
• Leverage Options: Up to 1:30 for retail clients.
• Key Features: Complies with Sharia law, swap-free trading.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Simulated trading environment.
• Leverage Options: Same as live accounts.
• Key Features: Risk-free trading, access to all trading instruments.
• Target User Profile: Beginners and those looking to test strategies.
• Trading Instruments Available: All instruments available in live accounts.

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
• Traders Testing Strategies: Demo Account

Detailed ask capital Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:
• User-friendly interface.
• No commission fees.
• Ideal for beginners.
• ECN Account:
• Direct market access.
• Lower spreads.
• Suitable for scalping strategies.
• Pro Account:
• Advanced trading tools.
• Lower commission fees.
• Ideal for professional traders.
• Islamic Account:
• Complies with Sharia law.
• No swap fees.
• Suitable for Muslim traders.
• Demo Account:
• Risk-free trading environment.
• Access to all trading instruments.
• Ideal for practice and strategy testing.

Disadvantages of Each Account Type

• Standard Account:
• Higher spreads compared to ECN.
• Limited advanced features.
• ECN Account:
• Requires higher minimum deposit.
• Commission fees apply.
• Pro Account:
• Higher minimum deposit.
• May not be suitable for casual traders.
• Islamic Account:
• Limited to specific trading instruments.
• Not available for all account types.
• Demo Account:
• Virtual funds only.
• Limited to practice, not real trading experience.

ask capital Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries, but may not be available in restricted jurisdictions.
• Prohibited Countries: Specific countries may be restricted; check the website for details.
• Identity Verification Documents Needed: Government-issued ID (passport or drivers license).
• Proof of Residence Requirements: Utility bill or bank statement showing current address.
• Additional Documentation for Professional Accounts: Proof of trading experience or financial status may be required.

KYC/AML Compliance Procedures

• All clients must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Verification typically includes submitting identity and address verification documents.

Verification Time Frames

• Account verification can take between 1 to 3 business days, depending on the completeness of submitted documents.

Step-by-Step ask capital Account Opening Guide

Registration Process

1. Visit Website: Go to the ask capital website.
2. Click Registration: Find and click the "Open an Account" button.
3. Personal Information Entry: Fill out the required personal details including name, email, and phone number.
4. Choose Account Type: Select the account type that best suits your trading needs.
5. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
6. Document Upload: Upload the required identification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds into your account to start trading.
9. 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, but the mobile interface may have simplified steps for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are clear and in the correct format (PDF, JPEG).
• Issue: Verification takes longer than expected.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• The average account approval time is typically between 1 to 3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

• Clients can request to upgrade or downgrade their account type through the customer support portal or by contacting customer service.

ask capital Demo Account Guide

Demo Account Features and Benefits

• The demo account allows users to trade with virtual funds, providing a risk-free environment to practice trading strategies.

How to Open a Demo Account

• Visit the ask capital website and select the demo account option during the registration process.

Demo Account Limitations

• The demo account is limited to virtual funds and does not provide real trading experience.

Virtual Balance Amount

• The virtual balance amount is typically set at $10,000 or a similar amount, allowing ample room for practice.

Demo vs Live Account Differences

• The demo account uses virtual funds, while the live account involves real money and trading conditions.

Duration/Expiry of Demo Accounts

• Demo accounts may remain active for a limited time, typically 30 to 90 days, after which they may expire unless extended.

ask capital Islamic Account Details

Swap-Free/Islamic Account Availability

• The Islamic account is available for traders who require a swap-free trading environment.

Eligibility Requirements

• Traders must confirm their adherence to Islamic finance principles to qualify for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them compliant with Sharia law.

How to Apply for Islamic Account

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

Restrictions or Special Conditions

• Islamic accounts may have restrictions on certain trading instruments or strategies that involve swaps.

FAQs – ask capital Account Types & Opening

1. What account types does ask capital offer？

• ask capital 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 ask capital account verification take？

• Verification typically takes 1 to 3 business days.

1. Does ask capital offer demo accounts？

• Yes, ask capital provides demo accounts for practice trading.

1. Can I have multiple account types with ask capital？

• Yes, clients can have multiple account types.

1. Does ask capital offer Islamic/swap-free accounts？

• Yes, ask capital offers Islamic accounts that are swap-free.

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

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

1. Can I change my account type after registration？

• Yes, clients can request to upgrade or downgrade their account type.