El Arabia broker Accounts

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

el arabia Account Types Explained

el arabia offers a variety of account types tailored to meet the needs of different traders. Below is a detailed overview of each account type, including their minimum deposit requirements, spread/commission structures, leverage options, key features, target user profiles, and available trading instruments.

Account Types Overview

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: Standard or Islamic Account
• Advanced Traders: ECN Account
• Professional Traders: Pro Account
• All Levels: Demo Account for practice

Detailed el arabia Account Features

Account Features Comparison

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit
• User-friendly interface
• Access to educational resources
• Disadvantages:
• Higher spreads compared to ECN
• Limited advanced trading features

ECN Account

• Advantages:
• Tight spreads and direct market access
• Suitable for high-frequency trading
• Faster execution speeds
• Disadvantages:
• Higher minimum deposit requirement
• Commission fees apply

Pro Account

• Advantages:
• Advanced trading tools and personal support
• Competitive spreads
• Suitable for professional trading strategies
• Disadvantages:
• High minimum deposit
• Commission fees apply

Islamic Account

• Advantages:
• Compliant with Sharia law
• No swap fees
• Same features as Standard Account
• Disadvantages:
• Limited availability for non-Muslim traders

Demo Account

• Advantages:
• Risk-free trading environment
• Practice with virtual funds
• Access to all trading instruments
• Disadvantages:
• No real profits
• Limited duration for practice

el arabia Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries, but some restrictions may apply based on local regulations.
• Prohibited Countries: Specific countries may be restricted; check with el arabia for the latest list.
• Identity Verification Documents Needed: Valid government-issued ID (passport or national ID).
• Proof of Residence Requirements: Utility bill or bank statement showing your name and address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

el arabia adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This includes verifying the identity of clients and monitoring transactions for suspicious activity.

Verification Time Frames

• Standard Verification: Typically completed within 1-3 business days.
• Additional Documentation: May extend verification time depending on the complexity of the documents provided.

Step-by-Step el arabia Account Opening Guide

Registration Process

1. Visit Website and Click Registration: Go to the el arabia website and locate the account registration section.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the account type that best suits your trading needs.
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the el arabia team to verify your documents.
7. Fund Your Account: Once verified, deposit the minimum required amount to activate your account.
8. 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, with mobile offering a more streamlined interface for quick entry.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are clear and in the correct format (PDF, JPEG).
• Issue: Verification takes longer than expected.
• Solution: Contact customer support for updates.

Average Account Approval Time

Typically, account approval can take between 1-3 business days, depending on the completeness of the submitted documents.

How to Upgrade/Downgrade Account Types

• To change your account type, log into your account and navigate to the account settings. Follow the prompts to request an upgrade or downgrade.

el arabia Demo Account Guide

Demo Account Features and Benefits

• Access to all trading instruments without financial risk.
• Ability to practice trading strategies in a real market environment.
• Virtual balance provided for trading.

How to Open a Demo Account

• Visit the el arabia website and select the demo account option. Fill in the required details and submit.

Demo Account Limitations

• Limited duration for use (typically 30 days).
• No real profits can be made.

Virtual Balance Amount

• The demo account usually provides a virtual balance of $10,000 for practice.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits and can generate actual profits or losses.

Duration/Expiry of Demo Accounts

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

el arabia Islamic Account Details

Swap-free/Islamic Account Availability

el arabia offers Islamic accounts that comply with Sharia law, allowing traders to operate without incurring swap fees.

Eligibility Requirements

• Must be a Muslim trader seeking a compliant trading solution.

Differences from Standard Accounts

• Islamic accounts are similar to standard accounts but do not incur swap fees.

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; consult with el arabia for detailed terms.

FAQs – el arabia Account Types & Opening

1. What account types does el arabia offer？

• el arabia 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: $0.

1. How long does el arabia account verification take？

• Verification typically takes 1-3 business days.

1. Does el arabia offer demo accounts？

• Yes, el arabia provides demo accounts for practice trading.

1. Can I have multiple account types with el arabia？

• Yes, you can open multiple account types as needed.

1. Does el arabia offer Islamic/swap-free accounts？

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

1. What documents do I need to open a el arabia 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 your account settings.