Blockex broker Accounts

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

blockex Account Types Explained

Blockex offers a variety of account types tailored to meet the needs of different traders, from beginners to institutional investors. Below is a detailed overview of each account type available on the Blockex platform.

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:500
• Key Features:
• Access to a wide range of trading instruments
• Standard trading conditions
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex, commodities, indices

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips, with a commission fee of $3 per lot
• Leverage Options: Up to 1:200
• Key Features:
• Direct market access
• Faster execution speeds
• Target User Profile: Intermediate to advanced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Competitive spreads starting from 0.5 pips, commission fee of $2 per lot
• Leverage Options: Up to 1:100
• Key Features:
• Tailored for professional traders
• Advanced trading tools and analytics
• Target User Profile: Professional and institutional traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features:
• Swap-free trading
• Compliant with Sharia law
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:500
• Key Features:
• Practice trading with virtual funds
• Access to all trading instruments
• Target User Profile: Beginners and those testing strategies
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed blockex Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to a variety of instruments

• ECN Account:

• Tight spreads

• Direct market access

• Suitable for scalping strategies

• Pro Account:

• Advanced trading tools

• Lower commission fees

• Ideal for high-volume traders

• Islamic Account:

• Complies with Sharia law

• No swap fees

• Accessible to Muslim traders

• Demo Account:

• Risk-free trading environment

• Ideal for practice and strategy testing

• Full access to trading features

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees can add up

• Pro Account:

• Requires substantial trading experience

• Higher minimum deposit

• Islamic Account:

• Limited to Muslim traders

• May have fewer features than other accounts

• Demo Account:

• Virtual funds may not reflect real market conditions

• Limited duration for practice

blockex Account Registration Requirements

Eligibility Criteria

• Age Requirements: Minimum age of 18 years.
• Geographic Restrictions: Blockex is not available to residents of the United States and certain sanctioned countries.
• Prohibited Countries: Specific countries may be restricted; check Blockex's website for the latest updates.
• Identity Verification Documents Needed:
• Government-issued photo ID (passport preferred)
• Selfie holding the ID
• Proof of Residence Requirements: Recent utility bill or bank statement (dated within the last three months).
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

Blockex adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations to ensure a secure trading environment. All users must complete KYC verification before trading.

Verification Time Frames

Account verification typically takes 2-3 business days, depending on the volume of applications.

Step-by-Step blockex Account Opening Guide

Detailed Registration Process

1. Visit the Website: Go to the Blockex homepage.
2. Click Registration: Find and click the "Register" button.
3. Personal Information Entry: Fill in your personal details such as name, email, and phone number.
4. Choose Account Type: Select the account type that best suits your trading needs.
5. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
6. Document Upload: Upload the required identity verification documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds to start trading.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, but the mobile interface may have simplified navigation.

Common Registration Issues and Solutions

• Document Rejection: Ensure documents are clear and meet the specified requirements.
• Verification Delays: Contact customer support if verification takes longer than expected.

Average Account Approval Time

Typically, account approval takes 2-3 business days.

How to Upgrade/Downgrade Account Types

Users can request an upgrade or downgrade through their account settings or by contacting customer support.

blockex Demo Account Guide

Demo Account Features and Benefits

• Virtual Trading Environment: Practice trading without financial risk.
• Access to All Instruments: Trade all available instruments as in a live account.
• No Time Limit: Demo accounts may have a limited duration, typically around 30 days.

How to Open a Demo Account

• Visit the Blockex website and select the demo account option.
• Fill in the required information and submit.

Demo Account Limitations

• Limited duration for use.
• Virtual funds may not accurately reflect real market conditions.

Virtual Balance Amount

Demo accounts typically come with a virtual balance of $100,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Market conditions may differ due to the lack of emotional pressure in demo trading.

blockex Islamic Account Details

Swap-Free/Islamic Account Availability

Blockex offers Islamic accounts that comply with Sharia law, allowing Muslim traders to engage in trading without incurring 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 long-term trading strategies.

How to Apply for an Islamic Account

Select the Islamic account option during the registration process or contact customer support for assistance.

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions; traders should review these before applying.

FAQs – blockex Account Types & Opening

1. What account types does blockex offer？

• Blockex 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: $100, Demo: N/A.

1. How long does blockex account verification take？

• Verification typically takes 2-3 business days.

1. Does blockex offer demo accounts？

• Yes, Blockex provides demo accounts for practice trading.

1. Can I have multiple account types with blockex？

• Yes, users can hold multiple account types.

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

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

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

• A government-issued photo ID and proof of residence.

1. Can I change my account type after registration？

• Yes, users can request to upgrade or downgrade their account type.