Coastline broker Accounts

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

coastline Account Types Explained

Coastline offers a variety of account types tailored to meet the needs of different traders. Below is an overview of the available account types, their features, and the target user profiles.

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Access to all trading instruments, including forex, commodities, and indices.
• Target User Profile: Suitable for beginners and retail traders.
• Trading Instruments Available: Forex pairs, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex pairs, commodities, indices.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads starting from 1.0 pip; commission of $2 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Enhanced trading conditions, priority support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex pairs, commodities, indices, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to the Standard or ECN accounts, but swap-free.
• Leverage Options: Up to 1:200.
• Key Features: Compliance with Sharia law, no swap fees.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex pairs, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Similar to live accounts.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading without risk, access to all trading instruments.
• Target User Profile: Beginners and traders wanting to test strategies.
• Trading Instruments Available: Forex pairs, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed coastline Account Features

Feature Comparison Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• Suitable for beginners.

• Access to various trading instruments.

• ECN Account:

• Raw spreads and lower trading costs.

• Faster execution speeds.

• Ideal for scalping strategies.

• Direct access to the interbank market.

• Pro Account:

• Enhanced trading conditions.

• Lower commission fees.

• Priority customer support.

• Suitable for professional traders.

• Islamic Account:

• Compliance with Sharia law.

• No swap fees.

• Similar trading conditions to other accounts.

• Demo Account:

• Risk-free trading environment.

• Opportunity to practice strategies.

• Access to all trading instruments.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• Limited features for advanced traders.

• ECN Account:

• Higher minimum deposit requirement.

• Commission fees may increase trading costs.

• Pro Account:

• Higher minimum deposit compared to Standard.

• Not suitable for beginners.

• Islamic Account:

• Limited to Muslim traders.

• May have restrictions on certain trading strategies.

• Demo Account:

• No real money involved.

• Limited duration for practice.

coastline Account Registration Requirements

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 or restrictions may not be eligible.
• Identity Verification Documents Needed: Valid government-issued ID (passport, driver's license).
• Proof of Residence Requirements: Recent utility bill or bank statement showing current address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

• All applicants must complete a Know Your Customer (KYC) process, which includes verifying identity and residence.
• Anti-Money Laundering (AML) checks are conducted to prevent illicit activities.

Verification Time Frames

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

Step-by-Step coastline Account Opening Guide

Detailed Step-by-Step Registration Process

1. Visit Website and Click Registration: Navigate to the Coastline website and select the account type you wish to open.
2. Personal Information Entry: Fill out the required personal information, including name, address, and contact details.
3. Choose Account Type: Select the desired account type from the options available.
4. Set Trading Preferences: Indicate your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the necessary identification and proof of residence documents.
6. Account Verification: Wait for your documents to be reviewed and verified by the Coastline team.
7. Fund Your Account: Once verified, fund your account using the available payment methods.
8. Start Trading: Access your trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, though the mobile interface may have a simplified layout.

Common Registration Issues and Solutions

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

Average Account Approval Time

• The average account approval time is 1 to 3 business days, depending on the completeness of the application.

How to Upgrade/Downgrade Account Types

• Account type changes can typically be requested through customer support or the account management section of the website.

coastline Demo Account Guide

Demo Account Features and Benefits

• Allows traders to practice 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 Coastline website and select the demo account option.
• Fill out the registration form and submit.

Demo Account Limitations

• Demo accounts may have a limited duration or virtual balance.
• Not available for trading real money.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $10,000 or similar.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Live accounts may have additional features and trading conditions.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity, but this can vary.

coastline Islamic Account Details

Swap-Free/Islamic Account Availability

• Coastline offers Islamic accounts that comply with Sharia law, allowing traders to avoid swap fees.

Eligibility Requirements

• Must be a Muslim trader seeking compliant trading options.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for long-term positions.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process and provide necessary documentation.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions or restrictions on certain instruments.

FAQs – coastline Account Types & Opening

1. What account types does coastline offer？

• Coastline 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: N/A.

1. How long does coastline account verification take？

• Verification typically takes 1 to 3 business days.

1. Does coastline offer demo accounts？

• Yes, Coastline offers demo accounts for practice trading.

1. Can I have multiple account types with coastline？

• Yes, traders can open multiple account types.

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

• Yes, Coastline provides Islamic accounts that are swap-free.

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

• A valid 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 through customer support.