Excel Securities broker Accounts

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

excel securities Account Types Explained

Excel Securities offers a variety of account types tailored to meet the needs of different traders. Below is an overview of the available account types, including their features 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: Suitable for beginners, access to educational resources, and basic trading tools.
• Target User Profile: Beginner traders
• Trading Instruments Available: Forex, commodities, and indices

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads from 0.1 pips with a commission of $3 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, low latency execution, and no dealing desk intervention.
• Target User Profile: Intermediate to advanced traders
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Competitive spreads starting from 0.5 pips with a commission of $2 per lot
• Leverage Options: Up to 1:100
• Key Features: Advanced trading tools, priority customer support, and higher leverage.
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, and stocks

4. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to the Standard or ECN accounts but without swap fees
• Leverage Options: Up to 1:500
• Key Features: Complies with Sharia law, no interest on overnight positions.
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, and indices

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: Practice trading with virtual funds, access to all trading instruments.
• Target User Profile: Beginners and those testing strategies
• Trading Instruments Available: Forex, commodities, indices, and 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 excel securities Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:
• Low minimum deposit
• User-friendly for beginners
• Access to educational resources
• ECN Account:
• Low spreads and commissions
• Direct market access
• Suitable for high-frequency trading
• Pro Account:
• Advanced trading tools
• Competitive pricing
• Priority support
• Islamic Account:
• Complies with Sharia law
• No swap fees
• Suitable for Muslim traders
• Demo Account:
• Risk-free trading environment
• Practice strategies with virtual funds
• Access to all trading instruments

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:
• High minimum deposit
• More complex trading tools
• Islamic Account:
• Limited to specific trading instruments
• May have restrictions on certain trades
• Demo Account:
• No real money involved
• Limited to virtual funds only

excel securities Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents in most countries, but some restrictions may apply.
• Prohibited Countries: Specific countries may be restricted due to regulatory compliance (details not specified).
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Recent documents showing the applicant's name and address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks as part of the registration process.

Verification Time Frames

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

Step-by-Step excel securities Account Opening Guide

Step-by-Step Registration Process

1. Visit the Website: Go to the official excel securities website.
2. Click Registration: Locate and click on the "Open Account" button.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select the desired account type (Standard, ECN, Pro, etc.).
5. Set Trading Preferences: Specify trading preferences and leverage options.
6. Document Upload: Upload required identification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds into your trading account using available payment methods.
9. Start Trading: Once funded, you can start trading on the platform.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but the mobile interface may have a simplified layout.

Common Registration Issues and Solutions

• Document Rejection: Ensure all documents are clear and meet the requirements.
• Verification Delays: Check for any missing information or documents that may be holding up the process.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Account holders can request changes to their account type through customer support or their account management portal.

excel securities Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments, real-time market data, and educational resources.
• Benefits: Allows traders to practice strategies without financial risk.

How to Open a Demo Account

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

Demo Account Limitations

• Limited to virtual funds and may have a time limit for usage (typically 30 days).

Virtual Balance Amount

• The demo account usually comes 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 typically expire after 30 days of inactivity.

excel securities Islamic Account Details

Swap-Free/Islamic Account Availability

• Yes, excel securities offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Must be a Muslim trader and provide necessary documentation to verify eligibility.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees and may have specific trading conditions.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process and provide any required documentation.

Restrictions or Special Conditions

• Islamic accounts may have limitations on certain trading strategies that involve interest.

FAQs – excel securities Account Types & Opening

1. What account types does excel securities offer？

• Excel securities 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: N/A.

1. How long does excel securities account verification take？

• Verification typically takes 1-3 business days.

1. Does excel securities offer demo accounts？

• Yes, excel securities provides demo accounts for practice trading.

1. Can I have multiple account types with excel securities？

• Yes, traders can hold multiple account types.

1. Does excel securities offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available for Muslim traders.

1. What documents do I need to open a excel securities 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 changed by contacting customer support.