Enlighten broker Accounts

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

enlighten Account Types Explained

Enlighten offers a variety of account types tailored to meet the needs of different traders. Below is a detailed overview of each account type available, 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
• Leverage Options: Up to 1:500
• Key Features: Access to a wide range of trading instruments, including forex, commodities, and indices.
• Target User Profile: Beginners and intermediate traders.
• Trading Instruments Available: Forex pairs, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Low spreads from 0.1 pips plus a commission of $5 per lot.
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution speeds, and lower spreads.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex pairs, commodities, cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 0.5 pips with a commission of $3 per lot.
• Leverage Options: Up to 1:300
• Key Features: Enhanced trading conditions, including advanced tools and analytics.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex pairs, commodities, indices, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, but without swap fees.
• Leverage Options: Up to 1:500
• Key Features: Complies with Sharia law, offering swap-free trading.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex pairs, commodities.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance of $10,000
• Spread/Commission Structure: Same as Standard account.
• Leverage Options: Up to 1:500
• Key Features: Risk-free environment to practice trading strategies.
• Target User Profile: Beginners and those testing new strategies.
• Trading Instruments Available: Forex pairs, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate: ECN Account
• Advanced: Pro Account
• Muslim Traders: Islamic Account
• Practice: Demo Account

Detailed enlighten Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• User-friendly for beginners.

• Access to a variety of instruments.

• ECN Account:

• Tight spreads and low commissions.

• Direct market access for faster trades.

• Ideal for scalping strategies.

• Pro Account:

• Advanced trading tools and analytics.

• Competitive spreads and commissions.

• Suitable for high-volume traders.

• Islamic Account:

• Complies with Islamic finance principles.

• No swap fees.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free environment to practice.

• Access to the same trading conditions as live accounts.

• Ideal for testing strategies.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit.

• Commission fees can add up for frequent traders.

• Pro Account:

• Requires a significant initial investment.

• May not be suitable for casual traders.

• Islamic Account:

• Limited availability of certain trading instruments.

• May have higher spreads compared to Standard accounts.

• Demo Account:

• No real profit or loss experience.

• Limited duration for practice.

enlighten Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries, but may be restricted in certain jurisdictions.
• Prohibited Countries: Specific countries may be restricted; check with enlighten for the latest updates.
• 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 financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• Enlighten follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all users to verify their identity before trading.

Verification Time Frames

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

Step-by-Step enlighten Account Opening Guide

Detailed Registration Process

1. Visit Website: Go to the enlighten website and click on the registration button.
2. Personal Information Entry: Fill out the required personal information, 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 necessary identity verification documents.
6. Account Verification: Wait for the verification process to be completed.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once your account is funded, you can start trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, though the interface may vary slightly.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are in the correct format and size.
• 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

• Users can request to upgrade or downgrade their account type through the customer support portal or account management section.

enlighten Demo Account Guide

Demo Account Features and Benefits

• Provides a virtual balance to practice trading without financial risk.
• Access to the same trading conditions as live accounts.
• Ideal for testing new strategies and familiarizing with the trading platform.

How to Open a Demo Account

• Visit the enlighten website and select the demo account option, then follow the registration steps.

Demo Account Limitations

• Limited duration for use, typically 30-90 days.
• No real profits or losses.

Virtual Balance Amount

• Demo accounts typically come with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts do not involve real money, while live accounts require a minimum deposit and involve actual trading.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after a set period, often 30-90 days, but can be extended upon request.

enlighten Islamic Account Details

Swap-Free/Islamic Account Availability

• Enlighten offers Islamic accounts that comply with Sharia law, providing swap-free trading options.

Eligibility Requirements

• Must be a practicing Muslim to qualify for an Islamic account.

Differences from Standard Accounts

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

How to Apply for Islamic Account

• During the registration process, select the Islamic account option and provide necessary documentation.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions or limitations on certain instruments.

FAQs – enlighten Account Types & Opening

1. What account types does enlighten offer？

• Enlighten 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: $0.

1. How long does enlighten account verification take？

• Verification typically takes 1-3 business days.

1. Does enlighten offer demo accounts？

• Yes, enlighten offers demo accounts for practice trading.

1. Can I have multiple account types with enlighten？

• Yes, users can hold multiple account types.

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

• Yes, enlighten provides Islamic accounts that are swap-free.

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

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

1. Can I change my account type after registration？

• Yes, users can request to upgrade or downgrade their account type.