Eleva broker Accounts

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

Part 1: eleva Account Types Overview

eleva Account Types Explained

Eleva offers a variety of account types tailored to meet the needs of different traders. Below is a detailed overview of each account type available:

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: Standard or Islamic Account
• Advanced Traders: ECN Account
• Professional Traders: Pro Account

Part 2: eleva Account Features Comparison

Detailed eleva Account Features

When comparing the features of the various eleva account types, the following aspects are essential:

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit
• User-friendly for beginners
• Access to educational resources
• Disadvantages:
• Higher spreads compared to ECN and Pro accounts
• Limited trading tools

ECN Account

• Advantages:
• Low spreads and fast execution
• Direct market access
• Suitable for scalping strategies
• Disadvantages:
• Higher minimum deposit
• Commission fees apply

Pro Account

• Advantages:
• Tight spreads and advanced trading tools
• Priority customer support
• Suitable for high-volume traders
• Disadvantages:
• High minimum deposit
• Commission fees apply

Islamic Account

• Advantages:
• Swap-free trading compliant with Sharia law
• Low minimum deposit
• Access to all trading instruments
• Disadvantages:
• Limited availability of advanced features

Part 3: eleva Account Opening Requirements

eleva Account Registration Requirements

To open an eleva account, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Availability may vary by country; check specific regulations.
• Prohibited Countries: Certain countries may be restricted; refer to the eleva website for details.
• Identity Verification Documents Needed:
• Government-issued ID (passport or driver's license)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Recent documents showing your name and address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

• Complete identity verification and provide necessary documents.
• Undergo anti-money laundering checks as per regulatory requirements.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on document submission and processing.

Part 4: eleva Account Opening Process

Step-by-Step eleva Account Opening Guide

1. Visit the Website: Go to the eleva official website.
2. Click Registration: Locate and click the "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 suits your trading needs.
5. Set Trading Preferences: Specify your trading preferences and settings.
6. Document Upload: Upload the required identity verification documents.
7. Account Verification: Wait for the verification process to be completed.
8. Fund Your Account: Once verified, deposit funds into your account.
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 the mobile interface may have fewer input fields for convenience.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and in the correct format (PDF, JPEG).
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes between 1-3 business days.

How to Upgrade/Downgrade Account Types

• Log into your account and navigate to the account settings section to request an upgrade or downgrade.

Part 5: eleva Demo Account Information

eleva Demo Account Guide

• Demo Account Features and Benefits:
• Practice trading without financial risk.
• Access to the same trading platform and tools as live accounts.
• Ideal for beginners to learn trading strategies.

How to Open a Demo Account

• Follow the same registration process as for a live account, selecting the demo option during account type selection.

Demo Account Limitations

• Limited to virtual funds; cannot withdraw or transfer to a live account.

Virtual Balance Amount

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

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money trading.

Duration/Expiry of Demo Accounts

• Demo accounts may expire after 30 days of inactivity or can be extended upon request.

Part 6: eleva Islamic Account (if available)

eleva Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, eleva offers an Islamic account option.
• Eligibility Requirements: Must comply with Sharia law; standard documentation applies.
• Differences from Standard Accounts: Islamic accounts do not incur swap fees and are designed for Muslim traders.
• How to Apply for Islamic Account: Select the Islamic account option during the registration process.
• Restrictions or Special Conditions: Must adhere to the principles of Islamic finance.

FAQs – eleva Account Types & Opening

1. What account types does eleva offer？

• Eleva 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 eleva account verification take？

• Verification typically takes 1-3 business days.

1. Does eleva offer demo accounts？

• Yes, eleva provides demo accounts for practice trading.

1. Can I have multiple account types with eleva？

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

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

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

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

• A government-issued ID and proof of address 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.