CFDs broker Accounts

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

Part 1: cfds Account Types Overview

cfds Account Types Explained

CFDs (Contracts for Difference) offer various account types tailored to different trading needs and strategies. Below are the primary account types available:

1. Standard Account

• Minimum Deposit Requirement: $0
• Spread/Commission Structure: Spreads from 0.6 pips, no commission on trades.
• Leverage Options: Up to 1:30 for retail clients.
• Key Features: Access to a wide range of instruments, suitable for all trading styles.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices, stocks.

1. Razor Account

• Minimum Deposit Requirement: $200
• Spread/Commission Structure: Raw spreads from 0.0 pips with a commission of $3.50 per lot per side.
• Leverage Options: Up to 1:500 for professional clients.
• Key Features: Lower trading costs for high-frequency traders.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

1. FX Active Account

• Minimum Deposit Requirement: $0
• Spread/Commission Structure: Spreads from 0.0 pips, commission of $2.50 per lot.
• Leverage Options: Up to 1:30 for retail clients.
• Key Features: Designed for high-volume trading with discounts on spreads.
• Target User Profile: Active forex traders.
• Trading Instruments Available: Forex, commodities, indices.

1. Pro Account

• Minimum Deposit Requirement: $10,000
• Spread/Commission Structure: Competitive spreads with no commission.
• Leverage Options: Up to 1:500 for professional clients.
• Key Features: Advanced trading tools and analytics.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Comprehensive range including forex, stocks, indices, and commodities.

1. Islamic Account

• Minimum Deposit Requirement: $200
• Spread/Commission Structure: Similar to standard accounts but swap-free.
• Leverage Options: Up to 1:30 for retail clients.
• Key Features: Complies with Sharia law, no interest on overnight positions.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $100,000).
• Spread/Commission Structure: Same as the standard account.
• Leverage Options: Same as the standard account.
• Key Features: Practice trading without risk, access to all trading features.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: All instruments available in live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account, Demo Account.
• Intermediate Traders: FX Active Account.
• Advanced Traders: Razor Account, Pro Account.
• Muslim Traders: Islamic Account.

Part 2: cfds Account Features Comparison

Detailed cfds Account Features

Comparison of Features Across Different Account Types

• Minimum Deposit:

• Standard: $0

• Razor: $200

• FX Active: $0

• Pro: $10,000

• Islamic: $200

• Demo: Virtual funds

• Maximum Leverage:

• Standard: Up to 1:30

• Razor: Up to 1:500

• FX Active: Up to 1:30

• Pro: Up to 1:500

• Islamic: Up to 1:30

• Spreads (Typical/Minimum):

• Standard: From 0.6 pips

• Razor: From 0.0 pips

• FX Active: From 0.0 pips

• Pro: Competitive

• Islamic: Similar to Standard

• Commission Fees:

• Standard: None

• Razor: $3.50 per lot

• FX Active: $2.50 per lot

• Pro: None

• Islamic: None

• Lot Size:

• Standard: Micro, Mini, Standard

• Razor: Micro, Mini, Standard

• FX Active: Micro, Mini, Standard

• Pro: Micro, Mini, Standard

• Islamic: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4, MT5, Proprietary

• Razor: MT4, MT5, Proprietary

• FX Active: MT4, MT5, Proprietary

• Pro: MT4, MT5, Proprietary

• Islamic: MT4, MT5, Proprietary

• Execution Type:

• Standard: Market

• Razor: ECN

• FX Active: Market

• Pro: Market

• Islamic: Market

• Islamic Account Availability:

• Standard: Yes

• Razor: Yes

• FX Active: Yes

• Pro: Yes

• Islamic: Yes

• Swap-Free Options:

• Standard: Yes

• Razor: Yes

• FX Active: Yes

• Pro: Yes

• Islamic: Yes

• Demo Account Features:

• Available for all account types, typically with a virtual balance of $100,000.

Advantages of Each Account Type

• Standard Account:

• No minimum deposit.

• Simple fee structure.

• Ideal for beginners.

• Razor Account:

• Tight spreads for scalping.

• Low commission costs.

• Advanced trading features.

• FX Active Account:

• Designed for high-volume traders.

• Discounted spreads on major pairs.

• No minimum deposit.

• Pro Account:

• Advanced tools and analytics.

• No commission fees.

• Suitable for institutional traders.

• Islamic Account:

• Complies with Sharia law.

• No interest on overnight positions.

• Available across all instruments.

• Demo Account:

• Risk-free trading environment.

• Access to all features.

• Ideal for practice and strategy testing.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• Limited advanced features.

• Razor Account:

• Requires a minimum deposit.

• Commission fees can add up for frequent traders.

• FX Active Account:

• Commission fees apply.

• May not be suitable for casual traders.

• Pro Account:

• High minimum deposit requirement.

• Not suitable for beginners.

• Islamic Account:

• Limited to specific trading conditions.

• May have restrictions on certain instruments.

• Demo Account:

• Virtual funds may not reflect real trading conditions.

• Limited duration for practice.

Part 3: cfds Account Opening Requirements

cfds Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Availability may vary by region; check with the broker.
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.

Identity Verification Documents Needed

• Proof of Identity: Government-issued ID (passport, drivers license).
• Proof of Residence: Recent utility bill or bank statement (not older than 6 months).

Additional Documentation for Professional Accounts

• May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• All accounts must comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring identity verification and proof of residence.

Verification Time Frames

• Typically, account verification can take 1-3 business days, depending on the broker and completeness of documentation.

Part 4: cfds Account Opening Process

Step-by-Step cfds Account Opening Guide

1. Visit Website and Click Registration: Navigate to the brokers website and select the option to open an account.
2. Personal Information Entry: Fill out the registration form with personal details including name, email, and phone number.
3. Choose Account Type: Select the desired account type based on trading needs and experience.
4. Set Trading Preferences: Indicate preferences such as leverage, trading style, and preferred platforms.
5. Document Upload: Upload required identity verification documents.
6. Account Verification: Wait for the broker to verify submitted documents.
7. Fund Your Account: Deposit funds via bank transfer, credit card, or other available methods.
8. Start Trading: Once the account is funded and verified, access the trading platform to begin trading.

Desktop vs Mobile Registration Differences

• Registration processes are generally similar on both platforms, but mobile apps may have streamlined forms for ease of use.

Common Registration Issues and Solutions

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

Average Account Approval Time

• Generally ranges from 1 to 3 business days, depending on the brokers processing speed.

How to Upgrade/Downgrade Account Types

• Contact customer support or access the account management section on the brokers platform to request changes.

Part 5: cfds Demo Account Information

cfds Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies.
• Access to the same trading tools and features as live accounts.
• Ideal for beginners to familiarize themselves with the trading platform.

How to Open a Demo Account

• Visit the brokers website and select the option to open a demo account.
• Fill out the registration form and create a demo account profile.

Demo Account Limitations

• Limited duration (typically 30-90 days).
• Virtual funds may not accurately reflect real market conditions.

Virtual Balance Amount

• Usually set at $100,000 for practice purposes.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money and actual trading conditions.

Duration/Expiry of Demo Accounts

• Most demo accounts expire after a set period (30-90 days), but some brokers may allow extensions upon request.

Part 6: cfds Islamic Account Details

cfds Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available across various account types, ensuring compliance with Sharia law.

Eligibility Requirements

• Must provide documentation confirming religious beliefs and need for a swap-free account.

Differences from Standard Accounts

• No overnight interest charges (swap fees).
• May have different fee structures or trading conditions.

How to Apply for Islamic Account

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

Restrictions or Special Conditions

• May have limitations on certain trading strategies or instruments to comply with Islamic finance principles.

FAQs – cfds Account Types & Opening

1. What account types does cfds offer？

• Standard, Razor, FX Active, Pro, Islamic, and Demo accounts.

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

• Standard: $0, Razor: $200, FX Active: $0, Pro: $10,000, Islamic: $200, Demo: Virtual funds.

1. How long does cfds account verification take？

• Typically 1-3 business days.

1. Does cfds offer demo accounts？

• Yes, demo accounts are available for practice trading.

1. Can I have multiple account types with cfds？

• Yes, traders can open multiple account types based on their needs.

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

• Yes, Islamic accounts are available across various account types.

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

• Proof of identity and proof of residence.

1. Can I change my account type after registration？

• Yes, account types can be upgraded or downgraded by contacting customer support.