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

Part 1: extenx Account Types Overview

extenx Account Types Explained

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

Recommended Account Types by Trader Level

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

Part 2: extenx Account Features Comparison

Detailed extenx Account Features

When comparing the features of different extenx account types, consider the following aspects:

Advantages and Disadvantages of Each Account Type

• Standard Account

• Advantages: User-friendly, no commission fees, suitable for beginners.

• Disadvantages: Higher spreads, limited advanced features.

• ECN Account

• Advantages: Tight spreads, direct market access, suitable for scalping.

• Disadvantages: Higher minimum deposit, commission fees apply.

• Pro Account

• Advantages: Best spreads, advanced trading tools, priority support.

• Disadvantages: High minimum deposit, more suited for experienced traders.

• Islamic Account

• Advantages: Compliant with Sharia law, no swap fees.

• Disadvantages: Limited availability, similar spreads to Standard Account.

• Demo Account

• Advantages: Risk-free trading, practice with virtual funds.

• Disadvantages: Limited duration, no real profits.

Part 3: extenx Account Opening Requirements

extenx Account Registration Requirements

To open an extenx account, applicants must meet the following eligibility criteria:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Services may not be available in certain countries (specific countries not listed).
• Prohibited Countries: Not specified in the sources.
• Identity Verification Documents Needed:
• Government-issued ID (passport or driver's license)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Must provide a document showing current address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

extenx adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to complete identity verification before trading.

Verification Time Frames

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

Part 4: extenx Account Opening Process

Step-by-Step extenx Account Opening Guide

1. Visit the Website: Navigate to the extenx official website.
2. Click Registration: Click on the "Sign Up" or "Register" 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, Islamic, or Demo).
5. Set Trading Preferences: Indicate trading preferences and risk tolerance.
6. Document Upload: Upload required identity verification documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit the minimum required amount to start trading.
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 mobile users may experience a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and in the correct format.
• 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

To change account types, contact extenx customer support to request an upgrade or downgrade.

Part 5: extenx Demo Account Information

extenx Demo Account Guide

The extenx demo account allows traders to practice trading without financial risk.

• Demo Account Features and Benefits:

• Access to real market conditions.

• Practice trading strategies with virtual funds.

• No risk of losing real money.

• How to Open a Demo Account:

• Follow the same registration steps as for a live account but select "Demo Account" during the account type selection.

• Demo Account Limitations:

• Limited duration (typically 30 days).

• Virtual funds may not be withdrawn.

• Virtual Balance Amount:

• Standard virtual balance of $10,000.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds; live accounts use real money.

• No real profits can be made from demo trading.

• Duration/Expiry of Demo Accounts:

• Demo accounts typically expire after 30 days of inactivity.

Part 6: extenx Islamic Account Details

extenx Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, extenx offers Islamic accounts.
• Eligibility Requirements: Must be a practicing Muslim.
• Differences from Standard Accounts: Islamic accounts do not incur swap fees.
• How to Apply for Islamic Account: Select the Islamic account option during registration.
• Restrictions or Special Conditions: Must comply with Islamic finance principles.

FAQs – extenx Account Types & Opening

1. What account types does extenx offer？

• 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: Free.

1. How long does extenx account verification take？

• Typically 1-3 business days.

1. Does extenx offer demo accounts？

• Yes, extenx provides a demo account for practice trading.

1. Can I have multiple account types with extenx？

• Yes, you can open multiple account types.

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

• Yes, Islamic accounts are available.

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

• Government-issued ID and proof of address.

1. Can I change my account type after registration？

• Yes, by contacting customer support.