Bolisi offers several account types tailored to meet the diverse needs of traders. Below is a detailed overview of each account type:
| Account Type | Minimum Deposit | Spread (pips) | Commission | Leverage | Target User Profile |
|---|---|---|---|---|---|
| Standard | $100 | From 1.0 | None | 1:500 | Beginners |
| ECN | $500 | From 0.0 | $3/lot | 1:200 | Experienced traders |
| Pro | $1,000 | From 0.5 | $2/lot | 1:300 | Professional traders |
| Islamic | $100 | From 1.0 | None | 1:500 | Muslim traders |
| Demo | Virtual balance | Same as Std | None | Same as Std | Beginners and testers |
When comparing features across different bolisi account types, the following aspects stand out:
Minimum Deposit:
Standard: $100
ECN: $500
Pro: $1,000
Islamic: $100
Demo: Virtual balance
Maximum Leverage:
Standard: 1:500
ECN: 1:200
Pro: 1:300
Islamic: 1:500
Spreads (Typical/Minimum):
Standard: From 1.0 pips
ECN: From 0.0 pips
Pro: From 0.5 pips
Islamic: From 1.0 pips
Commission Fees:
Standard: None
ECN: $3 per lot
Pro: $2 per lot
Islamic: None
Lot Size:
Standard: Micro, Mini, Standard
ECN: Micro, Mini, Standard
Pro: Micro, Mini, Standard
Islamic: Micro, Mini, Standard
Available Trading Platforms:
Standard: MT4, MT5
ECN: MT4, MT5
Pro: MT4, MT5
Islamic: MT4, MT5
Execution Type:
Standard: Market
ECN: ECN
Pro: Market
Islamic: Market
Islamic Account Availability:
Standard: Yes
ECN: Yes
Pro: Yes
Islamic: Yes
Swap-Free Options:
All accounts can be converted to Islamic accounts.
Demo Account Features:
Virtual balance, access to all trading instruments, same trading conditions as live accounts.
Standard Account:
Easy to use for beginners.
No commission fees.
High leverage options.
ECN Account:
Tight spreads.
Direct market access.
Suitable for high-frequency trading.
Pro Account:
Lower commissions.
Advanced trading tools.
Priority customer support.
Islamic Account:
Compliant with Sharia law.
No swap fees.
Demo Account:
Risk-free trading environment.
Ideal for practice and strategy testing.
Standard Account:
Higher spreads compared to ECN.
Limited advanced features.
ECN Account:
Requires a higher minimum deposit.
Commission fees apply.
Pro Account:
Higher minimum deposit requirement.
More complex for beginners.
Islamic Account:
Limited to Muslim traders.
May have fewer features compared to other accounts.
Demo Account:
No real profit.
Limited duration for practice.
To open a bolisi account, the following eligibility criteria and documentation are required:
Eligibility Criteria:
Age Requirements: Must be at least 18 years old.
Geographic Restrictions: Available to residents of most countries; specific restrictions may apply.
Prohibited Countries: Countries under international sanctions may be restricted.
Identity Verification Documents Needed:
Valid government-issued ID (passport or national ID).
Proof of address (utility bill, bank statement).
Proof of Residence Requirements:
Recent utility bill or bank statement not older than three months.
Additional Documentation for Professional Accounts:
Business registration documents (if applicable).
Proof of business ownership or management.
KYC/AML Compliance Procedures:
All clients must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
Verification Time Frames:
Account verification typically takes 1-3 business days.
To register for a bolisi account, follow these detailed steps:
Issue: Document upload fails.
Solution: Ensure documents are clear and in the correct format (PDF, JPEG).
Issue: Verification delays.
Solution: Contact customer support for assistance.
Demo Account Features and Benefits:
Access to all trading instruments.
Virtual balance to practice trading without risk.
How to Open a Demo Account:
Follow the same registration steps as for a live account, selecting “Demo Account” during the account type selection.
Demo Account Limitations:
Limited duration (typically 30 days) unless extended.
Virtual Balance Amount:
Usually set at $10,000 for practice purposes.
Demo vs Live Account Differences:
Demo accounts use virtual funds; live accounts involve real money trading.
Duration/Expiry of Demo Accounts:
Demo accounts typically expire after 30 days but can be extended upon request.
Swap-Free/Islamic Account Availability:
Yes, bolisi offers Islamic accounts that comply with Sharia law.
Eligibility Requirements:
Must be a Muslim trader.
Differences from Standard Accounts:
No swap fees charged on overnight positions.
How to Apply for Islamic Account:
Select the Islamic account option during the registration process or contact customer support.
Restrictions or Special Conditions:
Must adhere to Islamic finance principles.
Explore broker markets account types: forex/trading accounts with demo access.