CITILINK broker Accounts

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

citilink Account Types Explained

Citilink offers a variety of account types designed to cater to different trading needs and preferences. Below is an overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: IDR 1,000,000
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:100
• Key Features: Basic trading tools, access to all trading instruments
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

2. ECN Account

• Minimum Deposit Requirement: IDR 5,000,000
• Spread/Commission Structure: Low spreads starting from 0.1 pips with a commission fee of IDR 50,000 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution
• Target User Profile: Experienced traders
• Trading Instruments Available: Forex, commodities, indices

3. Pro Account

• Minimum Deposit Requirement: IDR 10,000,000
• Spread/Commission Structure: Fixed spreads starting from 1.0 pip with a lower commission fee
• Leverage Options: Up to 1:500
• Key Features: Advanced trading tools, priority customer support
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

4. Islamic Account

• Minimum Deposit Requirement: IDR 1,000,000
• Spread/Commission Structure: Similar to Standard Account but swap-free
• Leverage Options: Up to 1:100
• Key Features: Complies with Sharia law, no interest charges
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:100
• Key Features: Practice trading without risk, access to all trading instruments
• Target User Profile: Beginners and those testing strategies
• Trading Instruments Available: Forex, commodities, indices

Recommended Account Types by Trader Level

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

Detailed citilink Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:
• Easy to use for beginners
• Access to all trading instruments
• No commission fees
• ECN Account:
• Low spreads and fast execution
• Suitable for scalping and high-frequency trading
• Direct market access
• Pro Account:
• Advanced trading tools and features
• Lower commission fees
• High leverage options
• Islamic Account:
• Complies with Islamic finance principles
• No interest charges
• Suitable for Muslim traders
• Demo Account:
• Risk-free trading environment
• Practice strategies without financial risk
• Access to all trading instruments

Disadvantages of Each Account Type

• Standard Account:
• Higher spreads compared to ECN
• Limited advanced features
• ECN Account:
• Higher minimum deposit requirement
• Commission fees may add up
• Pro Account:
• Requires significant capital to start
• Not suitable for beginners
• Islamic Account:
• Limited availability of trading instruments
• May have higher spreads
• Demo Account:
• No real money involved
• Limited to virtual funds

citilink Account Registration Requirements

Eligibility Criteria

• Age Requirements: Minimum age of 18 years.
• Geographic Restrictions: Available to residents of Indonesia and select countries.
• Prohibited Countries: Specific countries may be restricted; check with Citilink for details.
• Identity Verification Documents Needed:
• Government-issued ID (e.g., passport or national ID)
• Proof of income (if applicable)
• Proof of Residence Requirements: Utility bill or bank statement with your name and address.
• Additional Documentation for Professional Accounts: May require business registration documents.

KYC/AML Compliance Procedures

Citilink adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all users to verify their identity and provide necessary documentation.

Verification Time Frames

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

Step-by-Step citilink Account Opening Guide

Registration Process

1. Visit the Website: Go to the Citilink website.
2. Click Registration: Find and click on the registration button.
3. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
4. Choose Account Type: Select the desired account type from the options available.
5. Set Trading Preferences: Specify your trading preferences and risk tolerance.
6. Document Upload: Upload required identity verification documents.
7. Account Verification: Wait for Citilink to verify your account.
8. Fund Your Account: Once verified, deposit the minimum required amount to start trading.
9. Start Trading: Access your account and begin trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, but the mobile app may offer a more streamlined experience.

Common Registration Issues and Solutions

• Issue: Document upload failures.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Delays in verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

Typically, account approval takes between 1-3 business days.

How to Upgrade/Downgrade Account Types

To change your account type, contact Citilink customer support for guidance on the process.

citilink Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments, practice trading without risk.
• Benefits: Ideal for beginners to learn trading strategies and test the platform.

How to Open a Demo Account

1. Visit the Citilink website or app.
2. Select the option to open a demo account.
3. Fill in the required information.
4. Start trading with virtual funds.

Demo Account Limitations

• Limited to virtual funds and does not involve real money.
• May have a time limit for usage.

Virtual Balance Amount

Typically, demo accounts come with a virtual balance of IDR 100,000,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts use real money.
• Demo accounts may have limited features compared to live accounts.

Duration/Expiry of Demo Accounts

Demo accounts usually expire after 30 days of inactivity.

citilink Islamic Account Details

Swap-free/Islamic Account Availability

Citilink offers an Islamic account that complies with Sharia law, providing a swap-free trading option.

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 Muslim traders.

How to Apply for Islamic Account

Apply for an Islamic account during the registration process by selecting the option for swap-free accounts.

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions, including limited trading instruments.

FAQs – citilink Account Types & Opening

1. What account types does citilink offer？

• Citilink offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: IDR 1,000,000; ECN: IDR 5,000,000; Pro: IDR 10,000,000; Islamic: IDR 1,000,000; Demo: N/A.

1. How long does citilink account verification take？

• Verification typically takes 1-3 business days.

1. Does citilink offer demo accounts？

• Yes, Citilink offers demo accounts for practice trading.

1. Can I have multiple account types with citilink？

• Yes, traders can have multiple account types.

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

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

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

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can change your account type by contacting customer support.