Farabi broker Accounts

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

Part 1: farabi Account Types Overview

farabi Account Types Explained

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

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips, no commission
• Leverage Options: Up to 1:500
• Key Features: User-friendly for beginners, access to educational resources
• 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 $5 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, suitable for high-frequency trading
• 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 starting from 0.5 pips, commission of $3 per lot
• Leverage Options: Up to 1:300
• Key Features: Advanced trading tools, priority customer support
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Forex, indices, commodities, metals

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, swap-free trading
• Target User Profile: Muslim traders seeking Sharia-compliant options
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: Virtual balance of $10,000
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: Risk-free environment to practice trading strategies
• Target User Profile: Beginners and those testing new strategies
• Trading Instruments Available: All instruments available in live accounts

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: farabi Account Features Comparison

Detailed farabi Account Features

When considering the various farabi account types, it's essential to compare their features comprehensively:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: $0

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.1 pips

• Pro: From 0.5 pips

• Islamic: Similar to Standard

• Demo: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: $5 per lot

• Pro: $3 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro and Mini

• ECN: Standard

• Pro: Standard

• Islamic: Micro and Mini

• Demo: Micro and Mini

• 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: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Demo Account Features:

• Virtual balance of $10,000, access to all trading instruments, and similar trading conditions to live accounts.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly interface

• Access to educational resources

• ECN Account:

• Tight spreads

• Direct market access

• Suitable for scalping

• Pro Account:

• Advanced trading features

• Priority support

• Lower commission rates

• Islamic Account:

• Compliant with Sharia law

• No swap fees

• Suitable for Muslim traders

• Demo Account:

• Risk-free trading

• Practice with virtual funds

• Test strategies before live trading

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees apply

• Pro Account:

• Higher minimum deposit than Standard

• More complex for beginners

• Islamic Account:

• Limited availability of certain features

• May not be suitable for all traders

• Demo Account:

• No real profits

• Limited duration for practice

Part 3: farabi Account Opening Requirements

farabi Account Registration Requirements

To open an account with farabi, traders must meet specific eligibility criteria:

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.

• Geographic Restrictions: Available to residents of most countries, but specific restrictions may apply.

• Prohibited Countries: Countries under international sanctions may be restricted from opening accounts.

• Identity Verification Documents Needed:

• Government-issued ID (passport or national ID)

• Proof of residence (utility bill or bank statement)

• Proof of Residence Requirements:

• Recent documents showing name and address, dated within the last three months.

• Additional Documentation for Professional Accounts:

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

• KYC/AML Compliance Procedures:

• All clients must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.

• Verification Time Frames:

• Account verification typically takes 1-3 business days.

Part 4: farabi Account Opening Process

Step-by-Step farabi Account Opening Guide

Opening an account with farabi involves several straightforward steps:

1. Visit Website and Click Registration:

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

1. Personal Information Entry:

• Fill in personal details such as name, email, and phone number.

1. Choose Account Type:

• Select the desired account type based on your trading needs.

1. Set Trading Preferences:

• Specify your trading preferences, including leverage and preferred trading instruments.

1. Document Upload:

• Upload the required identity verification documents.

1. Account Verification:

• Wait for the verification process to be completed by farabi.

1. Fund Your Account:

• Deposit funds into your trading account using the available payment methods.

1. 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, with mobile offering 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 delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Account types can be changed by contacting customer support and following the necessary procedures.

Part 5: farabi Demo Account Information

farabi Demo Account Guide

The demo account offered by farabi provides traders with a risk-free environment to practice trading:

• Demo Account Features and Benefits:

• Access to virtual funds of $10,000

• Full access to trading instruments available in live accounts

• Ability to practice trading strategies without financial risk

• How to Open a Demo Account:

• Follow the registration process and select the demo account option.

• Demo Account Limitations:

• The demo account is time-limited and may expire after a certain period.

• Virtual Balance Amount:

• Traders receive a virtual balance of $10,000.

• Demo vs Live Account Differences:

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

• Duration/Expiry of Demo Accounts:

• Demo accounts typically have a validity period of 30 days, after which they may need to be renewed.

Part 6: farabi Islamic Account Details

farabi Islamic Account Details

Farabi provides Islamic accounts that cater to traders looking for Sharia-compliant trading options:

• Swap-Free/Islamic Account Availability:

• Islamic accounts are available for all account types.

• Eligibility Requirements:

• Traders must declare their intention to open an Islamic account.

• Differences from Standard Accounts:

• Islamic accounts do not incur swap fees, making them compliant with Islamic finance principles.

• How to Apply for Islamic Account:

• Select the Islamic account option during the registration process.

• Restrictions or Special Conditions:

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

FAQs – farabi Account Types & Opening

1. What account types does farabi offer？

• Farabi 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: $0.

1. How long does farabi account verification take？

• Verification typically takes 1-3 business days.

1. Does farabi offer demo accounts？

• Yes, farabi offers a demo account with a virtual balance of $10,000.

1. Can I have multiple account types with farabi？

• Yes, traders can have multiple accounts, but they must be registered separately.

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

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

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

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can change your account type by contacting customer support.