Farsight broker Accounts

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

Part 1: farsight Account Types Explained

Farsight offers several account types tailored to different trading needs and experience levels. Below is a detailed overview of each account type available.

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spread starting from 1.0 pips
• Leverage Options: Up to 1:500
• Key Features:
• Access to all trading instruments
• Suitable for beginners
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex, commodities, indices

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips with a commission of $5 per lot
• Leverage Options: Up to 1:200
• Key Features:
• Direct market access
• Faster execution speeds
• Target User Profile: Experienced traders and scalpers
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads starting from 1.5 pips
• Leverage Options: Up to 1:400
• Key Features:
• Advanced trading tools
• Priority customer support
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Forex, commodities, indices, stocks

4. Islamic Account

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

5. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically $10,000)
• Spread/Commission Structure: Variable spreads similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features:
• Practice trading without risk
• Access to all trading instruments
• Target User Profile: Beginners and traders testing strategies
• Trading Instruments Available: Forex, commodities, indices

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

Part 2: farsight Account Features Comparison

Detailed farsight Account Features

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to all instruments

• ECN Account:

• Tight spreads

• Fast execution

• Ideal for scalping

• Pro Account:

• Advanced trading tools

• Fixed spreads for better predictability

• Priority support

• Islamic Account:

• Compliant with Sharia law

• No swap fees

• Flexible trading options

• Demo Account:

• Risk-free trading environment

• Ideal for strategy testing

• Access to all trading features

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

• Not suitable for beginners

• Islamic Account:

• Limited availability

• Similar features to Standard Account

• Demo Account:

• Virtual funds only

• Limited duration for practice

Part 3: farsight Account Registration Requirements

farsight Account Registration Requirements

• Eligibility Criteria:

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

• Geographic Restrictions: Available globally, but may have restrictions in certain countries.

• Prohibited Countries: Specific countries may be restricted due to regulatory compliance (details not specified).

• Identity Verification Documents Needed:

• Government-issued ID (passport, drivers license)

• Proof of address (utility bill, bank statement)

• Proof of Residence Requirements:

• Recent utility bill or bank statement showing your name and address.

• Additional Documentation for Professional Accounts:

• Business registration documents (if applicable)

• Financial statements may be required.

• KYC/AML Compliance Procedures:

• Complete identity verification during registration.

• Submit required documents for KYC compliance.

• Verification Time Frames:

• Account verification typically takes 1-3 business days.

Part 4: farsight Account Opening Process

Step-by-Step farsight Account Opening Guide

1. Visit Website and Click Registration: Go to the official Farsight website and locate the registration button.
2. Personal Information Entry: Fill out personal details including name, email, and phone number.
3. Choose Account Type: Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Specify trading preferences such as leverage and account currency.
5. Document Upload: Upload required identity verification documents.
6. Account Verification: Wait for account verification, which may take 1-3 business days.
7. Fund Your Account: Once verified, fund your account using available payment methods.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile, but the mobile interface may have simplified steps for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload fails.

• Solution: Ensure documents are clear and meet size requirements.

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes 1-3 business days, depending on the completeness of the submitted documents.

How to Upgrade/Downgrade Account Types

• Contact customer support or use the account management section on the website to request an upgrade or downgrade.

Part 5: farsight Demo Account Information

farsight Demo Account Guide

• Demo Account Features and Benefits:

• Practice trading with virtual funds.

• Access to all trading instruments and features.

• How to Open a Demo Account:

• Follow the same registration process, selecting the Demo Account option.

• Demo Account Limitations:

• Limited to virtual funds; cannot withdraw or transfer to a live account.

• Virtual Balance Amount:

• Typically set at $10,000 for practice.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds, while live accounts involve real money trading.

• Duration/Expiry of Demo Accounts:

• Demo accounts may expire after a set period (usually 30 days), but can often be renewed.

Part 6: farsight Islamic Account Details

farsight Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Farsight offers a dedicated Islamic account option.

• Eligibility Requirements:

• Must be a Muslim trader seeking compliance with Sharia law.

• Differences from Standard Accounts:

• No swap fees applied to overnight positions.

• How to Apply for Islamic Account:

• Select the Islamic account option during registration or contact customer support.

• Restrictions or Special Conditions:

• Must adhere to Islamic trading principles.

FAQs – farsight Account Types & Opening

1. What account types does farsight offer？

• Farsight 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: Virtual balance.

1. How long does farsight account verification take？

• Account verification typically takes 1-3 business days.

1. Does farsight offer demo accounts？

• Yes, Farsight provides demo accounts for practice trading.

1. Can I have multiple account types with farsight？

• Yes, you can open multiple account types as needed.

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

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

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

• You need a government-issued ID and proof of address.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.