Evelve broker Accounts

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

Part 1: evelve Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:500
• Key Features: User-friendly interface, suitable for beginners
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips + commission
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

1. Pro Account

• Minimum Deposit: $1,000
• Spread/Commission Structure: Fixed spreads starting from 1.0 pip
• Leverage Options: Up to 1:100
• Key Features: Advanced trading tools and analytics
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, stocks

1. Islamic Account

• Minimum Deposit: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: Swap-free trading options
• Target User Profile: Traders requiring Sharia-compliant accounts
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit: Virtual funds (typically $10,000)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Same as Standard Account
• Key Features: Risk-free environment to practice trading
• Target User Profile: Beginners and those testing strategies
• Trading Instruments Available: All instruments available in live accounts

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: evelve Account Features Comparison

Detailed evelve Account Features

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:100

• Islamic: 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.0 pips + commission

• Pro: From 1.0 pip

• Islamic: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: Variable based on trading volume

• Pro: Fixed commission

• Islamic: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Standard

• Islamic: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market

• Islamic Account Availability:

• All account types except Demo

• Swap-free Options:

• Available for Islamic Account

• Demo Account Features:

• Virtual trading environment with real market conditions

Advantages of Each Account Type

• Standard Account:

• Easy to use, ideal for beginners

• Low minimum deposit

• Access to various trading instruments

• ECN Account:

• Lower spreads and commissions

• Direct market access

• Suitable for high-frequency trading

• Pro Account:

• Advanced trading tools

• Fixed spreads for better predictability

• Higher leverage options

• Islamic Account:

• Complies with Sharia law

• No swap fees

• Suitable for long-term trading

• Demo Account:

• Risk-free trading

• Practice strategies without financial risk

• Access to all trading features

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees can add up

• Pro Account:

• Higher minimum deposit

• Limited to experienced traders

• Islamic Account:

• Limited availability for certain trading instruments

• May have higher spreads

• Demo Account:

• No real profits

• Limited duration for practice

Part 3: evelve Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; check local regulations.
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.
• Identity Verification Documents Needed:
• Government-issued ID (passport, national ID)
• Proof of address (utility bill, 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

• All users must complete KYC (Know Your Customer) and AML (Anti-Money Laundering) checks to ensure compliance with regulations.

Verification Time Frames

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

Part 4: evelve Account Opening Process

Step-by-Step evelve Account Opening Guide

1. Visit Website and Click Registration: Go to the official evelve website.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the account type that suits your trading needs.
4. Set Trading Preferences: Indicate your trading preferences and risk appetite.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the account to be verified by evelve.
7. Fund Your Account: 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, but the mobile interface may have simplified steps for ease of use.

Common Registration Issues and Solutions

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

Average Account Approval Time

• Typically, accounts are approved within 1-3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

• Users can request changes to their account type through the customer support portal or account settings.

Part 5: evelve Demo Account Information

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies.
• Access to all trading instruments available in live accounts.
• Allows users to familiarize themselves with the trading platform.

How to Open a Demo Account

• Visit the evelve website and select the option to create a demo account.
• Fill in the required information and start trading with virtual funds.

Demo Account Limitations

• Limited duration (typically 30-90 days).
• No real profits can be earned.

Virtual Balance Amount

• Usually set at $10,000 in virtual funds for practice.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.
• Demo accounts do not incur any trading fees or commissions.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after a set period, but users can request extensions based on their needs.

Part 6: evelve Islamic Account Details

Swap-free/Islamic Account Availability

• Islamic accounts are available for all account types except demo accounts.

Eligibility Requirements

• Must comply with Sharia law and provide necessary documentation.

Differences from Standard Accounts

• No swap fees are charged on overnight positions.
• Similar trading conditions as standard accounts.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process or request it through customer support.

Restrictions or Special Conditions

• May have specific trading conditions or limitations based on the trading instruments.

FAQs – evelve Account Types & Opening

1. What account types does evelve offer？

• evelve 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: Virtual funds.

1. How long does evelve account verification take？

• Account verification typically takes 1-3 business days.

1. Does evelve offer demo accounts？

• Yes, evelve provides demo accounts for practice trading.

1. Can I have multiple account types with evelve？

• Yes, users can open multiple accounts with different types.

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

• Yes, Islamic accounts are available for all account types except demo accounts.

1. What documents do I need to open a evelve 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 change your account type through customer support.