FAITH broker Accounts

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

Part 1: faith Account Types Overview

faith Account Types Explained

When considering a faith account, it's essential to understand the various types available to cater to different trading needs. Below is a detailed overview of the primary account types offered.

Recommended Account Types by Trader Level

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

Part 2: faith Account Features Comparison

Detailed faith Account Features

When comparing the features across different faith account types, consider the following aspects:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Free

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:100

• Pro: Up to 1:200

• Islamic: Up to 1:500

• Spreads (Typical/Minimum):

• Standard: Variable spreads

• ECN: Low spreads + commission

• Pro: Fixed spreads + commission

• Islamic: Variable spreads

• Commission Fees:

• Standard: None

• ECN: Yes (depends on volume)

• Pro: Yes (depends on volume)

• 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, proprietary

• Islamic: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market

• Islamic Account Availability:

• Available for Standard and Islamic accounts.

• Swap-Free Options:

• Offered for Islamic accounts.

• Demo Account Features:

• Virtual balance for practice trading, no time limit on usage.

Advantages of Each Account Type

• Standard:

• Easy to open

• No commission fees

• Suitable for beginners

• ECN:

• Direct market access

• Lower spreads

• Ideal for high-frequency trading

• Pro:

• Fixed spreads provide predictability

• Advanced trading tools

• Priority execution

• Islamic:

• Compliant with Sharia law

• No swap fees

• Flexible trading options

Disadvantages of Each Account Type

• Standard:

• Higher spreads compared to ECN

• Limited advanced features

• ECN:

• Higher minimum deposit

• Commission fees can add up

• Pro:

• Higher minimum deposit

• More complex for beginners

• Islamic:

• Limited to Muslim traders

• May have fewer features than standard accounts

Part 3: faith Account Opening Requirements

faith Account Registration Requirements

To open a faith account, applicants must meet specific eligibility criteria:

• Age Requirements:

• Must be at least 18 years old.

• Geographic Restrictions:

• Accounts may not be available in certain countries; check with the provider for specific restrictions.

• Prohibited Countries:

• Specific countries may be restricted due to regulatory issues.

• Identity Verification Documents Needed:

• Government-issued ID (passport, driver's license)

• Social Security Number (for U.S. residents)

• Proof of Residence Requirements:

• Utility bill or bank statement showing current address.

• Additional Documentation for Professional Accounts:

• Proof of trading experience or financial statements may be required.

KYC/AML Compliance Procedures

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks to verify identity and prevent fraud.

Verification Time Frames

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

Part 4: faith Account Opening Process

Step-by-Step faith Account Opening Guide

1. Visit Website and Click Registration:

• Navigate to the official website and select the registration option.

1. Personal Information Entry:

• Fill in personal details such as name, email, and contact information.

1. Choose Account Type:

• Select the desired account type based on trading needs.

1. Set Trading Preferences:

• Specify leverage, trading instruments, and other preferences.

1. Document Upload:

• Upload required identity verification and proof of residence documents.

1. Account Verification:

• Wait for the account to be verified by the provider.

1. Fund Your Account:

• Deposit the minimum required funds to activate the account.

1. Start Trading:

• Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is generally similar on both desktop and mobile platforms, though mobile may have a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document upload fails.

• Solution: Ensure documents are clear and in the correct format.

• Issue: Verification takes longer than expected.

• Solution: Contact customer support for updates.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Users can request changes to their account type through customer support, subject to meeting the new account requirements.

Part 5: faith Demo Account Information

faith Demo Account Guide

Demo Account Features and Benefits

• Allows traders to practice without financial risk.
• Access to the same trading platform and features as live accounts.

How to Open a Demo Account

• Follow the same registration steps, selecting "Demo Account" during the account type selection.

Demo Account Limitations

• Limited to virtual trading; cannot withdraw funds.

Virtual Balance Amount

• Typically offers a virtual balance of $10,000 or more for practice.

Demo vs Live Account Differences

• Demo accounts do not involve real money; live accounts require actual funds.

Duration/Expiry of Demo Accounts

• Demo accounts may remain active for a specified period, often up to 30 days, but can sometimes be extended.

Part 6: faith Islamic Account (if available)

faith Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available and designed to comply with Sharia law.

Eligibility Requirements

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

Differences from Standard Accounts

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

How to Apply for Islamic Account

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

Restrictions or Special Conditions

• Islamic accounts may have specific trading limits and conditions that differ from standard accounts.

FAQs – faith Account Types & Opening

1. What account types does faith offer？

• faith 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: Free.

1. How long does faith account verification take？

• Verification typically takes 1-3 business days.

1. Does faith offer demo accounts？

• Yes, faith offers demo accounts for practice trading.

1. Can I have multiple account types with faith？

• Yes, users can open multiple account types as long as they meet the requirements.

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

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

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

• Required documents include a government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, account types can be changed by contacting customer support.