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Avalon offers several account types tailored to different trading needs and experiences. Below are the available account types along with their key features:
| Account Type | Minimum Deposit | Spread/Commission Structure | Leverage Options | Key Features | Target User Profile | Trading Instruments Available |
|---|---|---|---|---|---|---|
| Standard | $100 | Variable spreads, no commission | Up to 1:500 | User-friendly, suitable for beginners | Beginners | Forex, CFDs, commodities |
| ECN | $500 | Low spreads, commission per trade | Up to 1:200 | Direct market access, faster execution | Advanced traders | Forex, commodities, indices |
| Pro | $1,000 | Tight spreads, low commission | Up to 1:100 | Advanced tools, professional support | Institutional traders | Forex, CFDs, commodities, indices |
| Islamic | $500 | Similar to Standard/ECN | Up to 1:200 | Swap-free, compliant with Sharia law | Muslim traders | Forex, commodities |
| Demo | N/A | N/A | N/A | Practice trading without risk | All levels | Forex, CFDs |
The following features are compared across different account types:
| Feature | Standard Account | ECN Account | Pro Account | Islamic Account |
|---|---|---|---|---|
| Minimum Deposit | $100 | $500 | $1,000 | $500 |
| Maximum Leverage | 1:500 | 1:200 | 1:100 | 1:200 |
| Spreads | Variable | Low | Tight | Similar to Standard/ECN |
| Commission Fees | None | Yes | Low | None |
| Lot Size | Standard | Micro/Mini/Standard | Standard | Standard |
| Available Trading Platforms | MT4/MT5 | MT4/MT5 | MT4/MT5 | MT4/MT5 |
| Execution Type | Market | ECN | Market | Market |
| Islamic Account Availability | No | No | No | Yes |
| Swap-Free Options | No | No | No | Yes |
| Demo Account Features | Yes | Yes | Yes | Yes |
Standard Account:
Easy to use for beginners.
No commission fees.
High leverage options.
ECN Account:
Direct access to market liquidity.
Lower spreads.
Suitable for high-frequency trading.
Pro Account:
Advanced trading tools.
Professional support.
Low trading costs.
Islamic Account:
Compliant with Sharia law.
No swap fees.
Suitable for Muslim traders.
Standard Account:
Higher spreads compared to ECN.
Limited advanced features.
ECN Account:
Requires higher minimum deposit.
Commission fees can add up.
Pro Account:
High minimum deposit.
More suited for experienced traders.
Islamic Account:
Limited availability for certain instruments.
May have higher spreads.
To open an account with Avalon, the following eligibility criteria and documentation are required:
Eligibility Criteria:
Age Requirements: Must be at least 18 years old.
Geographic Restrictions: Available in most countries, but may exclude certain regions.
Prohibited Countries: Specific countries may be restricted due to regulatory compliance.
Identity Verification Documents Needed:
Government-issued photo ID (passport or driver's license).
Proof of residence (utility bill or bank statement).
Additional Documentation for Professional Accounts:
Proof of income or financial statements may be required.
Avalon adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to verify their identity and source of funds.
Account verification typically takes 1-3 business days, depending on the completeness of submitted documents.
The registration process is similar on both desktop and mobile platforms, though mobile may have a more streamlined interface.
Issue: Document upload fails.
Solution: Ensure files are in the correct format and within size limits.
Issue: Verification delays.
Solution: Contact customer support for assistance.
Accounts are usually approved within 1-3 business days, depending on the completeness of the application.
To change your account type, contact customer support for guidance on the process and any applicable fees.
Demo accounts usually come with a virtual balance of $100,000 for practice.
Demo accounts typically expire after 30 days of inactivity.
Avalon offers Islamic accounts that comply with Sharia law, allowing Muslim traders to engage in trading without incurring swap fees.
To qualify for an Islamic account, clients must provide proof of their religious affiliation.
Islamic accounts have no swap fees and may have different spread structures.
Clients can apply for an Islamic account during the registration process by selecting the appropriate option.
Islamic accounts may have limitations on certain trading instruments and conditions.
Explore broker markets account types: forex/trading accounts with demo access.