Coinquest broker Accounts

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

coinquest Account Types Explained

Coinquest offers a variety of account types tailored to meet the needs of different traders, from beginners to advanced users. Below is an overview of the available account types, including their features and requirements.

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:100
• Key Features: Ideal for beginners, access to basic trading tools, and educational resources.
• Target User Profile: Beginner traders
• Trading Instruments Available: Forex, commodities, and indices

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips with a commission of $5 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads starting from 1.0 pip
• Leverage Options: Up to 1:500
• Key Features: Advanced trading tools, priority customer support, and dedicated account manager.
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies

4. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, depending on user choice
• Leverage Options: Up to 1:100
• Key Features: Swap-free trading in compliance with Islamic finance principles.
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities

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 with virtual funds, access to all trading tools.
• Target User Profile: Beginners and those looking to test strategies
• Trading Instruments Available: Forex, 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 Traders: Demo Account

Detailed coinquest Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• Suitable for beginners

• Access to educational resources

• ECN Account:

• Direct market access

• Lower spreads

• Fast execution speeds

• Pro Account:

• High leverage options

• Advanced trading tools

• Dedicated support

• Islamic Account:

• Compliance with Islamic finance

• No swap fees

• Demo Account:

• Risk-free trading environment

• Practice strategies with virtual funds

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees apply

• Pro Account:

• High minimum deposit

• More complex for beginners

• Islamic Account:

• Limited to specific trading conditions

• Demo Account:

• No real money trading

• Limited duration for practice

coinquest Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries, but specific restrictions apply based on local regulations.
• Prohibited Countries: Countries under international sanctions or with specific trading restrictions.
• Identity Verification Documents Needed: Government-issued ID (passport or driver's license).
• Proof of Residence Requirements: Utility bill or bank statement with the applicant's name and address.
• Additional Documentation for Professional Accounts: Proof of trading experience or financial statements may be required.

KYC/AML Compliance Procedures

• Coinquest adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. Users must provide identification and proof of residence to verify their identity.

Verification Time Frames

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

Step-by-Step coinquest Account Opening Guide

Detailed Step-by-Step Registration Process

1. Visit Website: Go to the official Coinquest website.
2. Click Registration: Click on the "Sign Up" or "Register" button.
3. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
4. Choose Account Type: Select the account type that best suits your trading needs.
5. Set Trading Preferences: Specify your trading preferences and settings.
6. Document Upload: Upload required identification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds into your account to start trading.
9. 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, but mobile users may have a more streamlined experience with fewer steps.

Common Registration Issues and Solutions

• Issue: Document upload errors.

• Solution: Ensure documents are clear and in the correct format.

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• The average account approval time is between 1-3 business days, depending on the volume of applications and document verification.

How to Upgrade/Downgrade Account Types

• Users can request an upgrade or downgrade through their account settings or by contacting customer support.

coinquest Demo Account Guide

Demo Account Features and Benefits

• The demo account allows users to practice trading without financial risk, using virtual funds to simulate real trading conditions.

How to Open a Demo Account

• Users can select the demo account option during the registration process or access it from their account dashboard.

Demo Account Limitations

• The demo account may have a limited duration and virtual balance, which can restrict long-term practice.

Virtual Balance Amount

• The demo account typically provides a virtual balance of $10,000 or more, depending on the broker's policy.

Demo vs Live Account Differences

• The demo account does not involve real money, while the live account requires actual funds and real trading conditions.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days, but this may vary based on the broker's policies.

coinquest Islamic Account Details

Swap-Free/Islamic Account Availability

• Coinquest offers an Islamic account that adheres to Sharia law by providing swap-free trading options.

Eligibility Requirements

• Traders must confirm their adherence to Islamic finance principles to qualify for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for Muslim traders.

How to Apply for Islamic Account

• Traders can apply for an Islamic account during the registration process or by contacting customer support.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions, such as limited leverage or available instruments.

FAQs – coinquest Account Types & Opening

1. What account types does coinquest offer？

• Coinquest 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 coinquest account verification take？

• Verification typically takes 1-3 business days.

1. Does coinquest offer demo accounts？

• Yes, coinquest provides demo accounts for practice trading.

1. Can I have multiple account types with coinquest？

• Yes, users can have multiple account types.

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

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

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