Aura FX broker Accounts

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

aura fx Account Types Explained

Aura FX offers a limited range of account types tailored to different trading needs. Below is a detailed overview of the available account types:

1. Live Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads; commission details not specified.
• Leverage Options: Up to 1:200.
• Key Features: Access to MetaTrader 4, educational resources, and customer support.
• Target User Profile: Suitable for both beginner and advanced traders.
• Trading Instruments Available: Forex, indices, precious metals.

2. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Same as live accounts; spreads are variable.
• Leverage Options: Same as live accounts.
• Key Features: Practice trading without financial risk, access to educational materials.
• Target User Profile: Ideal for beginners looking to practice trading strategies.
• Trading Instruments Available: Same as live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Demo Account
• Intermediate to Advanced Traders: Live Account

Detailed aura fx Account Features

Comparison of Features Across Different Account Types

Advantages of Each Account Type

• Live Account:

• Access to real market conditions.

• Educational resources available.

• Customer support for trading inquiries.

• Ability to trade multiple instruments.

• Demo Account:

• No financial risk involved.

• Opportunity to practice strategies.

• Access to the same trading platform as live accounts.

• Ideal for skill development.

Disadvantages of Each Account Type

• Live Account:

• Requires a minimum deposit.

• Potential for financial loss.

• Limited information on commission structure.

• Demo Account:

• No real financial gains.

• Limited to virtual trading conditions.

• May not fully replicate live trading emotions.

aura fx Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Not available for residents of New Zealand and the USA.
• Prohibited Countries: New Zealand and the USA.

Identity Verification Documents Needed

• A valid government-issued ID (passport or drivers license).
• Proof of residence (utility bill or bank statement).

KYC/AML Compliance Procedures

• Aura FX adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring users to verify their identity and address.

Verification Time Frames

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

Step-by-Step aura fx Account Opening Guide

1. Visit Website and Click Registration: Go to the Aura FX website and click on the registration button.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the type of account you wish to open (Live or Demo).
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Once verified, fund your account using the available payment methods.
8. Start Trading: After funding, you can start trading on the platform.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, though the mobile interface may have a simplified layout.

Common Registration Issues and Solutions

• Issue: Document upload errors.
• Solution: Ensure documents are clear and meet the specified requirements.
• Issue: Delays in verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Users can contact customer support to request changes to their account type after registration.

aura fx Demo Account Guide

Demo Account Features and Benefits

• The demo account allows traders to practice with virtual funds, providing a risk-free environment to test strategies and familiarize themselves with the trading platform.

How to Open a Demo Account

• Follow the same registration process as for a live account, selecting the demo account option.

Demo Account Limitations

• The demo account does not offer real financial gains and may have limited features compared to live accounts.

Virtual Balance Amount

• The demo account typically comes with a virtual balance of $10,000 or more, depending on the broker's offerings.

Demo vs Live Account Differences

• The demo account uses virtual funds, while the live account involves real money trading, which introduces emotional and financial stakes.

Duration/Expiry of Demo Accounts

• Demo accounts generally remain active for a specified period, often 30 days, but this can vary by broker.

aura fx Islamic Account Details

Swap-Free/Islamic Account Availability

• Aura FX does not explicitly state the availability of Islamic accounts; potential users should inquire directly with customer support.

Eligibility Requirements

• Generally, to qualify for an Islamic account, traders must provide proof of their adherence to Islamic finance principles.

Differences from Standard Accounts

• Islamic accounts typically do not incur swap fees, aligning with Sharia law.

How to Apply for Islamic Account

• Interested traders should contact customer support for specific application procedures.

Restrictions or Special Conditions

• Islamic accounts may have specific conditions regarding trading instruments and leverage.

FAQs – aura fx Account Types & Opening

1. What account types does aura fx offer？

• Aura FX offers Live and Demo accounts.

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

• The minimum deposit for a Live account is $1,000; there is no minimum for a Demo account.

1. How long does aura fx account verification take？

• Account verification typically takes 1-3 business days.

1. Does aura fx offer demo accounts？

• Yes, Aura FX offers a Demo account for practice trading.

1. Can I have multiple account types with aura fx？

• Yes, users can have multiple account types, but they must contact customer support for changes.

1. Does aura fx offer Islamic/swap-free accounts？

• The availability of Islamic accounts is not specified; users should inquire with customer support.

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

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

1. Can I change my account type after registration？

• Yes, users can request changes to their account type by contacting customer support.