Far East broker Accounts

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

Part 1: far east Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: User-friendly interface, access to all trading instruments.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Tight spreads from 0.1 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, faster execution speeds.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads from 0.5 pips; commission of $2 per lot.
• Leverage Options: Up to 1:100.
• Key Features: Enhanced trading conditions, priority support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, stocks.

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Compliant with Sharia law, no interest fees.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

1. 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 trading environment, practice strategies.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: All available trading instruments.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: Detailed far east Account Features

Features Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual balance

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:100

• Islamic: 1:500

• Spreads:

• Standard: From 1.0 pips

• ECN: From 0.1 pips

• Pro: From 0.5 pips

• Islamic: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: 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: Yes for Islamic Account only.

• Swap-Free Options: Available for Islamic Account.

• Demo Account Features: Virtual trading environment, practice trading strategies.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• User-friendly interface.

• Access to all trading instruments.

• ECN Account:

• Tight spreads.

• Direct market access.

• Fast execution speeds.

• Pro Account:

• Enhanced trading conditions.

• Priority support.

• Suitable for high-volume trading.

• Islamic Account:

• Compliant with Sharia law.

• No interest fees.

• Demo Account:

• Risk-free trading.

• Practice without financial commitment.

• Ideal for strategy testing.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• ECN Account:

• Higher minimum deposit.

• Commission fees apply.

• Pro Account:

• Higher minimum deposit.

• Commission fees apply.

• Islamic Account:

• Limited to Muslim traders.

• Demo Account:

• Limited duration.

• No real financial gains.

Part 3: far east Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Varies by account type; check specific terms.
• Prohibited Countries: Certain jurisdictions may be restricted; consult the broker's website for details.
• Identity Verification Documents Needed:
• Valid government-issued ID (passport, national ID).
• Proof of address (utility bill, bank statement).
• Proof of Residence Requirements: Recent document showing name and address.
• Additional Documentation for Professional Accounts: May include 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.

Verification Time Frames

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

Part 4: Step-by-Step far east Account Opening Guide

Registration Process

1. Visit Website and Click Registration: Navigate to the broker's website and select the account registration option.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type from the options available.
4. Set Trading Preferences: Specify trading preferences, including leverage and trading instruments.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for the broker to verify the submitted documents.
7. Fund Your Account: Deposit the minimum required amount to activate the account.
8. Start Trading: Once funded, access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is generally similar on both platforms, though mobile interfaces may have simplified steps.

Common Registration Issues and Solutions

• Issue: Document rejection.

• Solution: Ensure documents are clear, recent, and meet the broker's requirements.

• Issue: Delays in verification.

• Solution: Contact customer support for updates.

Average Account Approval Time

• Typically ranges from 1 to 3 business days.

How to Upgrade/Downgrade Account Types

• Contact customer support or access the account management section on the broker's website to request changes.

Part 5: far east Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies.
• Access to all trading instruments available in live accounts.
• Virtual balance allows for realistic trading experience.

How to Open a Demo Account

• Follow the same registration process as for a live account, selecting the demo account option.

Demo Account Limitations

• Limited duration (usually 30-90 days).
• No real financial gains.

Virtual Balance Amount

• Typically set at $10,000 for practice.

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts involve real money and trading risks.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after a set period, often 30-90 days, unless extended by the broker.

Part 6: far east Islamic Account Details

Swap-Free/Islamic Account Availability

• Yes, Islamic accounts are available for traders who require compliance with Sharia law.

Eligibility Requirements

• Must be a practicing Muslim.

Differences from Standard Accounts

• No swap fees; otherwise similar trading conditions.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process.

Restrictions or Special Conditions

• Must adhere to Islamic banking principles; no interest-bearing transactions.

FAQs – far east Account Types & Opening

1. What account types does far east 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: Virtual balance.

1. How long does far east account verification take？

• Typically 1-3 business days.

1. Does far east offer demo accounts？

• Yes, a demo account with a virtual balance is available.

1. Can I have multiple account types with far east？

• Yes, multiple account types can be opened.

1. Does far east offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available.

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

• Valid ID and proof of residence.

1. Can I change my account type after registration？

• Yes, by contacting customer support or through account management options.