Candid broker Accounts

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

Part 1: candid Account Types Overview

candid Account Types Explained

Candid offers several account types tailored to different trading needs and profiles. Below is a detailed overview of each account type:

Recommended Account Types by Trader Level

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

Part 2: candid Account Features Comparison

Detailed candid Account Features

The following table compares the features across different candid account types:

Advantages and Disadvantages of Each Account Type

Standard Account:

• Advantages:
• User-friendly interface
• No commission fees
• Suitable for beginners
• Disadvantages:
• Higher spreads compared to ECN
• Limited advanced features

ECN Account:

• Advantages:
• Lower spreads
• Direct market access
• Ideal for scalping
• Disadvantages:
• Requires higher minimum deposit
• Commission fees apply

Pro Account:

• Advantages:
• Advanced trading tools
• Priority customer support
• Suitable for institutional traders
• Disadvantages:
• High minimum deposit
• Commission fees apply

Islamic Account:

• Advantages:
• Complies with Sharia law
• No swap fees
• Available for various instruments
• Disadvantages:
• Higher minimum deposit compared to Standard
• Limited to specific trading conditions

Demo Account:

• Advantages:
• Risk-free trading
• Access to all trading instruments
• Ideal for practice
• Disadvantages:
• No real money trading
• Limited duration

Part 3: candid Account Opening Requirements

candid Account Registration Requirements

To open a candid account, the following eligibility criteria must be met:

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

KYC/AML Compliance Procedures

Candid adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all users to verify their identity and address before trading.

Verification Time Frames

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

Part 4: candid Account Opening Process

Step-by-Step candid Account Opening Guide

1. Visit Website and Click Registration: Navigate to the candid website and select the registration option.
2. Personal Information Entry: Fill out the required personal information, including name, email, and phone number.
3. Choose Account Type: Select the desired account type based on your trading needs.
4. Set Trading Preferences: Indicate your trading preferences, including leverage and preferred trading instruments.
5. Document Upload: Upload the necessary identification and proof of residence documents.
6. Account Verification: Wait for the account verification process to be completed.
7. Fund Your Account: Once verified, deposit the minimum required amount to start trading.
8. 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, although mobile users may experience a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document rejection due to poor quality.
• Solution: Ensure all documents are clear and legible before uploading.
• Issue: Account already claimed error.
• Solution: Contact support for assistance in accessing the account.

Average Account Approval Time

The average account approval time is 1-3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

Users can request to upgrade or downgrade their account types through the account management section of the website.

Part 5: candid Demo Account Information

candid Demo Account Guide

Demo Account Features and Benefits:

• Allows users to practice trading without financial risk.
• Access to all trading instruments available in live accounts.
• Ideal for testing strategies and familiarizing with the trading platform.

How to Open a Demo Account:

• Visit the candid website and select the demo account option.
• Fill out the registration form with personal information.
• Receive login credentials to access the demo account.

Demo Account Limitations:

• Limited duration, typically expires after 30 days.
• No real money trading allowed.

Virtual Balance Amount:

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

Demo vs Live Account Differences:

• Demo accounts do not involve real money and are used for practice.
• Live accounts involve actual trading with real funds.

Duration/Expiry of Demo Accounts:

• Demo accounts typically expire after 30 days of inactivity.

Part 6: candid Islamic Account Details

candid Islamic Account Details

Swap-free/Islamic Account Availability:

Candid offers Islamic accounts that comply with Sharia law, ensuring no swap fees are charged.

Eligibility Requirements:

• Must be a practicing Muslim.
• Requires a minimum deposit of $500.

Differences from Standard Accounts:

• Islamic accounts do not incur swap fees.
• May have different spread structures.

How to Apply for Islamic Account:

• Select the Islamic account option during the registration process.
• Provide necessary documentation to verify eligibility.

Restrictions or Special Conditions:

• Islamic accounts may have specific trading conditions that differ from standard accounts.

FAQs – candid Account Types & Opening

1. What account types does candid offer？

• Candid 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, Demo: Free.

1. How long does candid account verification take？

• Verification typically takes 1-3 business days.

1. Does candid offer demo accounts？

• Yes, candid offers demo accounts for practice trading.

1. Can I have multiple account types with candid？

• Yes, users can have multiple account types.

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

• Yes, candid offers Islamic accounts that are swap-free.

1. What documents do I need to open a candid 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.