efutures broker Accounts

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

efutures Account Types Explained

E-futures offers various account types tailored to meet the needs of different traders. Below is an overview of the available account types, their features, and target user profiles.

1. Standard Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Commissions from $0.25 per side (varies by product and volume)
• Leverage Options: Up to 1:50
• Key Features: Access to a wide range of futures contracts, including commodities and indices.
• Target User Profile: Suitable for both beginners and experienced traders.
• Trading Instruments Available: Commodities, indices, and currency futures.

2. Micro Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Commissions as low as $0.18 per side for Micro contracts.
• Leverage Options: Up to 1:100
• Key Features: Lower margin requirements, ideal for new traders.
• Target User Profile: Beginners looking to trade with less capital.
• Trading Instruments Available: Micro E-mini contracts.

3. Islamic Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Similar to Standard accounts, but swap-free.
• Leverage Options: Up to 1:50
• Key Features: Complies with Sharia law, no interest charges.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Same as Standard accounts.

4. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Simulated trading environment.
• Leverage Options: N/A
• Key Features: Risk-free environment to practice trading.
• Target User Profile: New traders wanting to learn without financial risk.
• Trading Instruments Available: All futures contracts available on the platform.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Micro Account, Demo Account
• Intermediate: Standard Account
• Advanced: Standard Account, Islamic Account

Detailed efutures Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• Access to a broad range of futures contracts.

• Competitive commission rates.

• Suitable for both beginners and experienced traders.

• Micro Account:

• Lower capital requirement for entry.

• Ideal for practicing trading strategies.

• Offers high leverage for small investments.

• Islamic Account:

• Complies with Islamic finance principles.

• No interest charges, making it suitable for Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Access to all trading features without financial commitment.

• Ideal for learning and practicing trading strategies.

Disadvantages of Each Account Type

• Standard Account:

• Higher minimum deposit compared to Micro Account.

• Micro Account:

• Limited to Micro contracts, which may not suit all trading strategies.

• Islamic Account:

• May have fewer trading options compared to Standard accounts.

• Demo Account:

• No real financial gains; only a simulated environment.

efutures Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents in most countries, but specific restrictions may apply.
• Prohibited Countries: Certain countries may be restricted based on regulatory compliance.
• Identity Verification Documents Needed: Government-issued ID (passport or drivers license).
• Proof of Residence Requirements: Utility bill or bank statement showing your name and address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

E-futures adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all applicants to provide necessary documentation for identity verification.

Verification Time Frames

Typically, account verification can take anywhere from a few hours to a couple of days, depending on the completeness of the submitted documentation.

efutures Account Opening Process

Step-by-Step efutures Account Opening Guide

1. Visit Website: Navigate to the E-futures website.
2. Click Registration: Locate and click on the "Open an Account" button.
3. Personal Information Entry: Fill out the required personal information form.
4. Choose Account Type: Select the desired account type (Standard, Micro, Islamic, or Demo).
5. Set Trading Preferences: Specify your trading preferences and settings.
6. Document Upload: Upload the necessary identity verification documents.
7. Account Verification: Wait for the account to be verified by the E-futures team.
8. Fund Your Account: Deposit funds into your account via bank transfer or other accepted methods.
9. Start Trading: Once funded, you can begin trading on the platform.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, but mobile users may experience a more streamlined interface.

Common Registration Issues and Solutions

• Document Rejection: Ensure all documents are clear and meet the requirements.
• Incomplete Forms: Double-check that all fields are filled out accurately.
• Verification Delays: Contact customer support if verification takes longer than expected.

Average Account Approval Time

Most accounts are approved within 24-48 hours, provided all documentation is submitted correctly.

How to Upgrade/Downgrade Account Types

To change your account type, contact E-futures customer support for assistance with the process.

efutures Demo Account Guide

Demo Account Features and Benefits

• Risk-Free Trading: Practice trading without financial risk.
• Access to Full Features: Use the same trading platform and tools as live accounts.
• Learning Environment: Ideal for new traders to learn and develop strategies.

How to Open a Demo Account

1. Visit the E-futures website.
2. Click on the "Open a Demo Account" option.
3. Fill out the registration form with your details.
4. Access the demo trading platform once your account is set up.

Demo Account Limitations

• Limited to virtual funds; no real profits can be made.
• May have time restrictions on usage.

Virtual Balance Amount

Typically, demo accounts are funded with a virtual balance of $100,000, allowing traders to practice without risk.

Demo vs Live Account Differences

• Live Account: Involves real money trading with actual profits and losses.
• Demo Account: Uses virtual funds and does not involve real financial risk.

Duration/Expiry of Demo Accounts

Demo accounts may remain active for a limited time, usually 30 days, but can often be extended upon request.

efutures Islamic Account Details

Swap-Free/Islamic Account Availability

E-futures offers Islamic accounts that comply with Sharia law, allowing traders to engage in trading without incurring interest.

Eligibility Requirements

To qualify for an Islamic account, traders must provide documentation confirming their adherence to Islamic finance principles.

Differences from Standard Accounts

Islamic accounts do not incur swap fees, making them suitable for Muslim traders who cannot engage in interest-based transactions.

How to Apply for Islamic Account

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

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions, including restrictions on certain types of trades or instruments.

FAQs – efutures Account Types & Opening

1. What account types does efutures offer？

• E-futures offers Standard, Micro, Islamic, and Demo accounts.

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

• Standard Account: $1,000, Micro Account: $500, Islamic Account: $1,000.

1. How long does efutures account verification take？

• Verification typically takes 24-48 hours.

1. Does efutures offer demo accounts？

• Yes, E-futures provides a demo account for practice trading.

1. Can I have multiple account types with efutures？

• Yes, you can have multiple account types, but you will need to manage them separately.

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

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

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