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

augmont Account Types Explained

Augmont 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: ₹10,000
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:100
• Key Features: Basic trading tools, access to all trading instruments.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, and precious metals.

2. ECN Account

• Minimum Deposit Requirement: ₹50,000
• Spread/Commission Structure: Low spreads starting from 0.1 pips with a commission of ₹20 per lot.
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution speeds.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, and indices.

3. Pro Account

• Minimum Deposit Requirement: ₹1,00,000
• Spread/Commission Structure: Fixed spreads starting from 0.5 pips with a commission of ₹10 per lot.
• Leverage Options: Up to 1:300
• Key Features: Advanced trading tools, personalized support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: ₹10,000
• 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 and commodities.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds provided)
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:100
• Key Features: Practice trading without risk, access to all trading instruments.
• Target User Profile: Beginners and those wanting to test strategies.
• Trading Instruments Available: Forex, commodities, and precious metals.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed augmont Account Features

Account Features Comparison

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit.
• Suitable for beginners.
• Access to all trading instruments.
• Disadvantages:
• Higher spreads compared to ECN.
• Limited advanced features.

ECN Account

• Advantages:
• Low spreads and fast execution.
• Ideal for scalping and high-frequency trading.
• Disadvantages:
• Higher minimum deposit.
• Commission fees apply.

Pro Account

• Advantages:
• Best for professional traders.
• Lower commission fees.
• Disadvantages:
• High minimum deposit.
• Complexity may overwhelm beginners.

Islamic Account

• Advantages:
• Compliant with Sharia law.
• No overnight fees.
• Disadvantages:
• Limited to specific trading instruments.

Demo Account

• Advantages:
• Risk-free trading environment.
• Ideal for practicing strategies.
• Disadvantages:
• No real profits or losses.
• Limited duration.

augmont Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of India and select countries.
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.
• Identity Verification Documents Needed:
• Government-issued ID (Aadhaar, Passport, etc.)
• PAN card.
• Proof of Residence Requirements: Recent utility bill or bank statement.
• Additional Documentation for Professional Accounts: Business registration documents may be required.

KYC/AML Compliance Procedures

• Users must complete Know Your Customer (KYC) verification to comply with Anti-Money Laundering (AML) regulations.
• This includes submitting the required documents and possibly undergoing a video verification process.

Verification Time Frames

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

Step-by-Step augmont Account Opening Guide

Account Opening Process

1. Visit Website: Go to the official Augmont website.
2. Click Registration: Find and click on the "Sign Up" or "Open an Account" button.
3. Personal Information Entry: Fill in your personal details such as name, email, and phone number.
4. Choose Account Type: Select the type of account you wish to open.
5. Set Trading Preferences: Specify your trading preferences and risk tolerance.
6. Document Upload: Upload the required identity verification documents.
7. Account Verification: Wait for the verification process to be completed.
8. Fund Your Account: Deposit the minimum required amount to activate your account.
9. Start Trading: Once verified and funded, you can start trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but the mobile interface may have a more streamlined design for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload errors.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes between 1 to 3 business days.

How to Upgrade/Downgrade Account Types

• Users can request to change their account type through the customer support portal or account management section on the website.

augmont Demo Account Guide

Demo Account Features and Benefits

• The demo account allows users to practice trading with virtual funds, access to all trading instruments, and use of the same trading platforms available for live accounts.

How to Open a Demo Account

• Users can register for a demo account directly from the Augmont website by selecting the demo option during the registration process.

Demo Account Limitations

• The demo account is typically limited in duration, often expiring after 30 days unless extended.

Virtual Balance Amount

• Users are usually provided with a virtual balance of ₹1,000,000 for practice.

Demo vs Live Account Differences

• The demo account does not involve real money, and profits or losses do not affect actual finances.

Duration/Expiry of Demo Accounts

• Demo accounts typically last for 30 days, but this may vary based on the platform's terms.

augmont Islamic Account Details

Swap-Free/Islamic Account Availability

• Augmont offers an Islamic account that is compliant with Sharia law, ensuring no overnight fees are charged.

Eligibility Requirements

• To qualify for an Islamic account, users must declare their preference for a swap-free trading environment.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees but have similar trading conditions to standard accounts.

How to Apply for Islamic Account

• Users can select the Islamic account option during the registration process or request it through customer support after opening a standard account.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions that differ from standard accounts, such as limited access to certain instruments.

FAQs – augmont Account Types & Opening

1. What account types does augmont offer？

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

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

• Standard: ₹10,000, ECN: ₹50,000, Pro: ₹1,00,000, Islamic: ₹10,000, Demo: N/A.

1. How long does augmont account verification take？

• Account verification typically takes 1-3 business days.

1. Does augmont offer demo accounts？

• Yes, Augmont offers demo accounts for practice trading.

1. Can I have multiple account types with augmont？

• Yes, users can open multiple account types as per their trading needs.

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

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

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

• Required documents include a government-issued ID, PAN card, and proof of residence.

1. Can I change my account type after registration？

• Yes, users can request to upgrade or downgrade their account types through customer support.