AUGS broker Accounts

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

augs Account Types Explained

AUGS offers several account types tailored to meet the needs of various traders, from beginners to advanced professionals. Below is a detailed overview of each account type available through AUGS.

Account Types Overview

Recommended Account Types by Trader Level

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

Detailed augs Account Features

Comparison of Features Across Different Account Types

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit
• User-friendly interface
• Access to educational resources
• Disadvantages:
• Higher spreads compared to ECN and Pro accounts
• Limited advanced trading features

ECN Account

• Advantages:
• Low spreads
• Direct market access
• Fast execution speeds
• Disadvantages:
• Higher minimum deposit
• Commission fees can add up

Pro Account

• Advantages:
• Tight spreads
• Advanced trading tools
• Dedicated account manager
• Disadvantages:
• High minimum deposit
• Commission fees apply

Islamic Account

• Advantages:
• Compliant with Sharia law
• No swap fees
• Disadvantages:
• Limited to specific trading instruments
• Higher minimum deposit than Standard Account

Demo Account

• Advantages:
• Risk-free trading environment
• Practice trading strategies
• Disadvantages:
• Limited to virtual funds
• No real market experience

augs Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; however, specific regions may be restricted.
• Prohibited Countries: Countries under international sanctions or restrictions.
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license)
• Proof of residence (utility bill or bank statement)
• Additional Documentation for Professional Accounts: May require proof of trading experience or professional qualifications.

KYC/AML Compliance Procedures

AUGS adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. All accounts must undergo verification before trading can commence.

Verification Time Frames

• Standard Verification: Typically takes 1-3 business days.
• Extended Verification: May take longer if additional documentation is required.

Step-by-Step augs Account Opening Guide

Registration Process

1. Visit Website: Go to the AUGS official website.
2. Click Registration: Locate and click on the registration button.
3. Personal Information Entry: Fill in your 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 and risk tolerance.
6. Document Upload: Upload the necessary identity verification documents.
7. Account Verification: Wait for the account 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

• Desktop: Full registration features available; easier document upload.
• Mobile: Streamlined registration process; may have limited features.

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

Typically, account approval takes between 1-3 business days, depending on the completeness of the submitted documents.

How to Upgrade/Downgrade Account Types

Traders can request an upgrade or downgrade by contacting customer support or through the account management section of the website.

augs Demo Account Guide

Demo Account Features and Benefits

• Features: Access to the same trading platform as live accounts, virtual funds for trading.
• Benefits: Practice trading strategies without financial risk.

How to Open a Demo Account

1. Visit the AUGS website.
2. Click on the demo account registration link.
3. Fill in the required information.
4. Receive login credentials for the demo account.

Demo Account Limitations

• Limited to virtual funds.
• No access to real market conditions.

Virtual Balance Amount

Typically, demo accounts come with a virtual balance of $10,000, but this can vary.

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts use real money.
• Trading conditions may differ slightly due to market volatility.

Duration/Expiry of Demo Accounts

Demo accounts usually remain active for 30 days, after which they may expire unless renewed.

augs Islamic Account Details

Swap-free/Islamic Account Availability

AUGS offers Islamic accounts that comply with Sharia law, allowing for trading without swap fees.

Eligibility Requirements

To qualify for an Islamic account, traders must declare their adherence to Islamic finance principles.

Differences from Standard Accounts

Islamic accounts do not incur swap fees, making them suitable for Muslim traders.

How to Apply for Islamic Account

1. Select the Islamic account option during registration.
2. Provide necessary documentation confirming eligibility.

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions and restrictions on certain instruments.

FAQs – augs Account Types & Opening

1. What account types does augs offer？

• AUGS 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.

1. How long does augs account verification take？

• Verification typically takes 1-3 business days.

1. Does augs offer demo accounts？

• Yes, AUGS provides demo accounts for practice trading.

1. Can I have multiple account types with augs？

• Yes, traders can open multiple account types.

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

• Yes, AUGS offers Islamic accounts compliant with Sharia law.

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

• A government-issued ID 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.