FIGFX broker Accounts

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

Part 1: figfx Account Types Overview

figfx Account Types Explained

figfx offers several account types to cater to different trading needs and preferences. Below are the available account types along with their key features:

1. Standard Account

• Minimum Deposit Requirement: $250
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Suitable for retail traders, access to various trading instruments, and standard trading conditions.
• Target User Profile: Beginners and intermediate traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

2. 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, and faster execution.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Competitive spreads starting from 0.1 pips; commission of $2 per lot.
• Leverage Options: Up to 1:100.
• Key Features: Advanced trading tools, priority customer support, and tailored services.
• Target User Profile: Professional traders and institutional clients.
• Trading Instruments Available: Forex, commodities, indices, and CFDs.

4. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, depending on the chosen type.
• Leverage Options: Up to 1:500.
• Key Features: Swap-free trading to comply with Islamic finance principles.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading without financial risk, access to all trading platforms.
• Target User Profile: Beginners and traders looking to test strategies.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate: ECN Account
• Advanced/Professional: Pro Account
• Muslim Traders: Islamic Account
• Practice: Demo Account

Part 2: figfx Account Features Comparison

Detailed figfx Account Features

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

• Minimum Deposit:

• Standard: $250

• ECN: $500

• Pro: $1,000

• Islamic: $500

• Demo: N/A

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:100

• Islamic: Up to 1:500

• Demo: Up to 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: From 0.1 pips

• Islamic: Similar to Standard

• Demo: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None/Varies

• Demo: None

• Lot Size:

• Standard: 0.01 (micro)

• ECN: 0.1 (mini) and above

• Pro: 1.0 (standard) and above

• Islamic: 0.01 (micro) and above

• Demo: 0.01 (micro)

• 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: Yes for Islamic Account.

• Swap-Free Options: Available for Islamic Account.

• Demo Account Features: Virtual funds for practice, access to all trading instruments.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• Suitable for beginners.

• ECN Account:

• Tight spreads.

• Direct market access.

• Ideal for scalping.

• Pro Account:

• Tailored services for professionals.

• Lower commission fees.

• Advanced trading tools.

• Islamic Account:

• Complies with Islamic finance principles.

• No swap fees.

• Flexible trading conditions.

• Demo Account:

• Risk-free trading environment.

• Practice strategies without financial risk.

• Access to all trading instruments.

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.

• More suited for experienced traders.

• Islamic Account:

• Limited to swap-free trading.

• May have similar spreads to Standard.

• Demo Account:

• Virtual funds only.

• Limited to practice, not real trading experience.

Part 3: figfx Account Opening Requirements

figfx Account Registration Requirements

To open a figfx account, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: figfx may not be available in certain countries; check the website for specific restrictions.
• Prohibited Countries: Countries under financial sanctions or restrictions may not be eligible.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID).
• Proof of residence (utility bill or bank statement).
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

figfx adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to verify their identity and address.

Verification Time Frames

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

Part 4: figfx Account Opening Process

Step-by-Step figfx Account Opening Guide

1. Visit Website and Click Registration: Go to the figfx official website and click on the "Open an Account" button.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Indicate your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the figfx team to verify your documents.
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

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

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and in the correct format (JPEG, PDF).
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

Typically, account approval takes between 1-3 business days, depending on document verification.

How to Upgrade/Downgrade Account Types

To change account types, contact figfx customer support for guidance on the process and any applicable fees.

Part 5: figfx Demo Account Information

figfx Demo Account Guide

Demo Account Features and Benefits

• Practice trading in a risk-free environment.
• Access to all trading instruments available in live accounts.
• Ability to test trading strategies without financial risk.

How to Open a Demo Account

Visit the figfx website and select the option to open a demo account. Fill in the required information and submit.

Demo Account Limitations

• Limited to virtual funds; cannot be used for real trading.
• May have a time limit on usage (typically 30 days).

Virtual Balance Amount

The demo account usually comes with a virtual balance of $10,000 or more, depending on the broker's offering.

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts involve real money.
• Trading conditions may vary slightly between demo and live accounts.

Duration/Expiry of Demo Accounts

Demo accounts typically expire after 30 days of inactivity, but this can vary by broker.

Part 6: figfx Islamic Account (if available)

figfx Islamic Account Details

Swap-Free/Islamic Account Availability

figfx offers Islamic accounts that comply with Sharia law, providing swap-free trading options.

Eligibility Requirements

To qualify for an Islamic account, traders must declare their need for a swap-free option, typically requiring documentation of their religious beliefs.

Differences from Standard Accounts

Islamic accounts do not incur swap fees, which are typically charged for overnight positions in standard accounts.

How to Apply for Islamic Account

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

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions, such as limited trading instruments or different leverage options.

FAQs – figfx Account Types & Opening

1. What account types does figfx offer？

• figfx offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $250, ECN: $500, Pro: $1,000, Islamic: $500, Demo: N/A.

1. How long does figfx account verification take？

• Verification typically takes 1-3 business days.

1. Does figfx offer demo accounts？

• Yes, figfx offers demo accounts for practice trading.

1. Can I have multiple account types with figfx？

• Yes, you can have multiple account types, but you may need to contact support for assistance.

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

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

1. What documents do I need to open a figfx 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.