EION broker Accounts

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

eion Account Types Explained

Eion offers several account types tailored to meet the diverse needs of traders. Below is a detailed overview of each account type, including their features, requirements, and 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: User-friendly platform, suitable for beginners.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex, 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, faster execution speeds.
• Target User Profile: Intermediate to advanced traders.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

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: Advanced trading tools, priority customer support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, stocks.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account, but swap-free.
• Leverage Options: Up to 1:500.
• Key Features: Compliant with Sharia law, no interest fees.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading without risk, access to all trading instruments.
• Target User Profile: New traders wanting to practice.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

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 eion Account Features

Feature Comparison Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• User-friendly interface.

• No commission fees.

• ECN Account:

• Tight spreads.

• Direct market access.

• Suitable for high-frequency trading.

• Pro Account:

• Advanced trading tools.

• Lower commission rates.

• Priority customer support.

• Islamic Account:

• Compliant with Islamic finance principles.

• No interest fees.

• Demo Account:

• Risk-free trading environment.

• Access to all trading instruments.

• Ideal for practice and strategy testing.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit.

• Commission fees may add up.

• Pro Account:

• Requires a higher initial investment.

• More complex features may overwhelm beginners.

• Islamic Account:

• Limited availability for non-Muslim traders.

• May have restrictions on certain trading strategies.

• Demo Account:

• Limited to virtual funds.

• No real market experience.

eion 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: Not available in countries under international sanctions.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID).
• Proof of income (bank statement or payslip).
• 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

Eion adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all traders to verify their identity and source of funds.

Verification Time Frames

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

Step-by-Step eion Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Go to the eion website and select the registration option.
2. Personal Information Entry: Fill in your personal details such as name, email, and phone number.
3. Choose Account Type: Select the account type that suits your trading needs.
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading platform.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to start trading.
8. 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 mobile users may have a more streamlined experience with fewer steps.

Common Registration Issues and Solutions

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

Average Account Approval Time

Typically, account approval takes 1 to 3 business days, depending on the completeness of the submitted documents.

How to Upgrade/Downgrade Account Types

Traders can request to upgrade or downgrade their account type through the customer support portal or their account dashboard.

eion Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments, real market conditions, and practice trading strategies without risk.
• Benefits: Ideal for beginners to learn trading without financial risk.

How to Open a Demo Account

Visit the eion website, select the demo account option, and follow the registration steps similar to the live account process.

Demo Account Limitations

• Virtual Balance Amount: Typically offers a virtual balance of $10,000.
• Duration/Expiry of Demo Accounts: Demo accounts usually remain active for 30 days, after which they may need to be renewed.

Virtual Balance Amount

Traders are provided with a virtual balance to practice trading strategies without any financial risk.

Demo vs Live Account Differences

• Demo Account: Uses virtual funds, no real market experience.
• Live Account: Trades with real money and experiences actual market conditions.

eion Islamic Account Details

Swap-Free/Islamic Account Availability

Eion offers swap-free Islamic accounts compliant with Sharia law, allowing Muslim traders to participate without incurring interest fees.

Eligibility Requirements

To qualify for an Islamic account, traders must provide documentation confirming their Muslim faith.

Differences from Standard Accounts

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

How to Apply for Islamic Account

Traders can select the Islamic account option during the registration process and provide the necessary documentation.

Restrictions or Special Conditions

Islamic accounts may have specific trading restrictions, such as limitations on certain instruments or strategies.

FAQs – eion Account Types & Opening

1. What account types does eion offer？

• Eion 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: $100, Demo: N/A.

1. How long does eion account verification take？

• Verification typically takes 1 to 3 business days.

1. Does eion offer demo accounts？

• Yes, eion offers demo accounts for practice trading.

1. Can I have multiple account types with eion？

• Yes, traders can have multiple account types.

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

• Yes, eion offers Islamic accounts that are compliant with Sharia law.

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

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

1. Can I change my account type after registration？

• Yes, account types can be upgraded or downgraded upon request.