FI broker Accounts

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

Part 1: fi 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: Basic trading tools, access to all trading instruments
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips, commission of $3 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
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads starting from 0.5 pips, commission of $2 per lot
• Leverage Options: Up to 1:300
• Key Features: Advanced trading tools, priority execution, dedicated account manager
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Islamic 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: No swap fees, compliant with Sharia law
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as live accounts
• Leverage Options: Same as live accounts
• Key Features: Practice trading with virtual funds, access to all trading instruments
• Target User Profile: Beginners and those testing strategies
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: fi Account Features Comparison

Detailed fi Account Features

Advantages of Each Account Type

• Standard Account:

• Easy to use for beginners

• No commission fees

• Access to a wide range of instruments

• ECN Account:

• Lower spreads for high-frequency trading

• Direct market access

• Ideal for scalpers

• Pro Account:

• Advanced trading tools

• Priority execution

• Lower commission fees

• Islamic Account:

• Compliant with Sharia law

• No swap fees

• Suitable for Muslim traders

• Demo Account:

• Risk-free environment to practice

• Access to all trading features

• Ideal for testing strategies

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited features for advanced trading

• ECN Account:

• Higher minimum deposit requirement

• Commission fees may add up

• Pro Account:

• Higher minimum deposit requirement

• May not be suitable for casual traders

• Islamic Account:

• Limited availability of features compared to standard accounts

• May not be suitable for all trading strategies

• Demo Account:

• No real money involved

• Limited to virtual funds

Part 3: fi Account Registration Requirements

fi Account Registration Requirements

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old

• Geographic Restrictions: Available in most countries, check specific regulations

• Prohibited Countries: Countries under international sanctions may be restricted

• Identity Verification Documents Needed: Government-issued ID (passport, driver's license)

• Proof of Residence Requirements: Utility bill or bank statement with your name and address

• Additional Documentation for Professional Accounts: Proof of trading experience or financial status

• KYC/AML Compliance Procedures:

• Complete identity verification

• Submit required documents for review

• Verification Time Frames:

• Typically 1-3 business days for standard accounts

• Longer for professional accounts due to additional documentation

Part 4: fi Account Opening Process

Step-by-Step fi Account Opening Guide

1. Visit Website and Click Registration: Go to the fi trading platform website and click on the registration button.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the desired account type from the available options.
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the account to be verified by the fi team.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

• Desktop Registration: Typically involves more detailed forms and document uploads.
• Mobile Registration: May offer a simplified process through an app.

Common Registration Issues and Solutions

• Issue: Document upload failures

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

• Issue: Verification delays

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Standard accounts: 1-3 business days
• Professional accounts: 3-5 business days

How to Upgrade/Downgrade Account Types

• Contact customer support to request an account type change.
• Follow the instructions provided for any additional documentation required.

Part 5: fi Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments, same features as live accounts
• Benefits: Risk-free environment to practice trading strategies

How to Open a Demo Account

• Select the demo account option during the registration process.
• Follow the prompts to set up your virtual trading environment.

Demo Account Limitations

• Limited to virtual funds
• No real money involved

Virtual Balance Amount

• Typically starts with a virtual balance of $10,000

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Trading conditions may differ slightly due to market fluctuations.

Duration/Expiry of Demo Accounts

• Demo accounts typically remain active for 30 days but can be extended by contacting support.

Part 6: fi Islamic Account Details

Islamic Account Availability

• Swap-Free/Islamic Account Availability: Yes, available for Muslim traders.

Eligibility Requirements

• Must provide documentation confirming Muslim faith and need for a swap-free account.

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 support for assistance.

Restrictions or Special Conditions

• Must adhere to Islamic trading principles; no interest-based transactions.

FAQs – fi Account Types & Opening

1. What account types does fi offer？

• fi 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.

1. How long does fi account verification take？

• Typically 1-3 business days for standard accounts.

1. Does fi offer demo accounts？

• Yes, fi offers demo accounts for practice trading.

1. Can I have multiple account types with fi？

• Yes, you can have multiple account types.

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

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

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

• Government-issued ID and proof of residence.

1. Can I change my account type after registration？

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