ASSL offers various account types tailored to meet the diverse needs of traders. Below is a detailed overview of each account type:
| Account Type | Minimum Deposit | Spread/Commission Structure | Leverage Options | Key Features | Target User Profile | Trading Instruments Available |
|---|---|---|---|---|---|---|
| Standard | $100 | Fixed spreads from 1.5 pips | Up to 1:500 | Easy to use, suitable for beginners | Beginners | Forex, commodities, indices |
| ECN | $500 | Variable spreads, commission per trade | Up to 1:200 | Direct market access, lower spreads | Advanced traders | Forex, commodities, indices |
| Pro | $1,000 | Commission-based, lower spreads | Up to 1:100 | Professional trading tools, advanced features | Institutional | Forex, commodities, indices |
| Islamic | $500 | Fixed spreads from 1.5 pips | Up to 1:500 | Swap-free, compliant with Sharia law | Muslim traders | Forex, commodities, indices |
| Demo | N/A | N/A | N/A | Practice trading without risk | All levels | Forex, commodities, indices |
When comparing the features of different ASSL account types, the following aspects are crucial:
| Feature | Standard Account | ECN Account | Pro Account | Islamic Account | Demo Account |
|---|---|---|---|---|---|
| Minimum Deposit | $100 | $500 | $1,000 | $500 | N/A |
| Maximum Leverage | 1:500 | 1:200 | 1:100 | 1:500 | N/A |
| Spreads | Fixed from 1.5 pips | Variable | Commission-based | Fixed from 1.5 pips | N/A |
| Commission Fees | None | Yes | Yes | None | N/A |
| Lot Size | Standard | Micro/Mini/Standard | Standard | Standard | N/A |
| Available Trading Platforms | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4, MT5 |
| Execution Type | Market | ECN | Market | Market | N/A |
| Islamic Account Availability | No | No | No | Yes | No |
| Swap-free Options | No | No | No | Yes | No |
| Demo Account Features | No | No | No | No | Yes |
To open an ASSL account, the following eligibility criteria and documentation are required:
Eligibility Criteria:
Minimum age of 18 years
Must be a resident of a country where ASSL operates
No prohibited countries as per ASSL's regulations
Identity Verification Documents Needed:
Government-issued ID (passport, driver's license)
Proof of address (utility bill, bank statement)
Proof of Residence Requirements:
Recent utility bill or bank statement showing your name and address
Additional Documentation for Professional Accounts:
Business registration documents (for corporate accounts)
Additional financial documents may be required
KYC/AML Compliance Procedures:
All clients must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
Verification Time Frames:
Account verification typically takes 1 to 3 business days, depending on the completeness of submitted documents.
Follow these steps to register for an ASSL account:
Demo Account Features and Benefits:
Provides a risk-free environment to practice trading strategies.
Access to all trading instruments available in live accounts.
How to Open a Demo Account:
Visit the ASSL website and select the demo account option during registration.
Demo Account Limitations:
Limited duration before the account expires (typically 30 days).
Virtual Balance Amount:
A virtual balance is usually set at $10,000 for practice purposes.
Demo vs Live Account Differences:
Demo accounts do not involve real money, while live accounts require actual funds.
Duration/Expiry of Demo Accounts:
Demo accounts typically expire after 30 days of inactivity.
Swap-free/Islamic Account Availability:
ASSL offers Islamic accounts that comply with Sharia law.
Eligibility Requirements:
Must be a Muslim trader seeking a swap-free trading option.
Differences from Standard Accounts:
Islamic accounts do not incur swap fees, making them compliant with Islamic finance principles.
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 specific trading conditions and restrictions on certain instruments.
Explore broker markets account types: forex/trading accounts with demo access.