FIK broker Accounts

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

Part 1: fik Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: Varies by broker
• Spread/Commission Structure: Fixed spreads, typically higher than ECN accounts
• Leverage Options: Up to 1:30 for retail traders
• Key Features: User-friendly interface, suitable for beginners
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: Higher than standard accounts
• Spread/Commission Structure: Variable spreads, commission-based
• Leverage Options: Up to 1:100
• Key Features: Direct market access, lower spreads
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: Higher than ECN accounts
• Spread/Commission Structure: Very low spreads, commission-based
• Leverage Options: Up to 1:200
• Key Features: Advanced trading tools, priority execution
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, futures

1. Islamic Account

• Minimum Deposit Requirement: Similar to standard accounts
• Spread/Commission Structure: Fixed spreads, no swap fees
• Leverage Options: Up to 1:30
• Key Features: Compliance with Sharia law
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (usually $10,000 or more)
• Spread/Commission Structure: Similar to live accounts
• Leverage Options: Same as live accounts
• Key Features: Risk-free trading environment
• Target User Profile: Beginners and those testing strategies
• Trading Instruments Available: All instruments available in live accounts

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: fik Account Features Comparison

Detailed fik Account Features

• Minimum Deposit:

• Standard: Varies

• ECN: Higher than Standard

• Pro: Higher than ECN

• Islamic: Similar to Standard

• Demo: Virtual funds

• Maximum Leverage:

• Standard: Up to 1:30

• ECN: Up to 1:100

• Pro: Up to 1:200

• Islamic: Up to 1:30

• Demo: Same as live accounts

• Spreads (Typical/Minimum):

• Standard: Fixed spreads

• ECN: Variable spreads

• Pro: Very low spreads

• Islamic: Fixed spreads

• Commission Fees:

• Standard: None

• ECN: Yes

• Pro: Yes

• Islamic: None

• Lot Size:

• Standard: Standard lots

• ECN: Micro, mini, standard

• Pro: Micro, mini, standard

• Islamic: Standard lots

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5, proprietary

• Pro: MT4, MT5, proprietary

• Islamic: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: Instant

• Pro: ECN

• Islamic: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo Account Features:

• Virtual balance, access to all instruments, risk-free trading

Advantages of Each Account Type

• Standard Account:

• Easy to use

• No commission fees

• Suitable for beginners

• Access to educational resources

• ECN Account:

• Lower spreads

• Direct market access

• Suitable for scalping

• Advanced trading tools

• Pro Account:

• Very low trading costs

• High leverage options

• Priority execution

• Suitable for high-volume traders

• Islamic Account:

• Compliance with Sharia law

• No swap fees

• Standard trading conditions

• Demo Account:

• Risk-free environment

• Practice strategies

• Familiarize with trading platforms

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads

• Limited advanced features

• ECN Account:

• Requires higher minimum deposit

• Commission fees apply

• Pro Account:

• Higher minimum deposit

• Not suitable for casual traders

• Islamic Account:

• Limited availability in some regions

• May have higher spreads

• Demo Account:

• Limited duration

• No real money trading experience

Part 3: fik Account Opening Requirements

fik Account Registration Requirements

• Eligibility Criteria:

• Age Requirements: Minimum 18 years old

• Geographic Restrictions: Varies by broker

• Prohibited Countries: Specific countries may be restricted based on regulatory compliance

• Identity Verification Documents Needed:

• Government-issued ID (passport or drivers license)

• Proof of residence (utility bill or bank statement)

• Additional Documentation for Professional Accounts:

• Financial statements or proof of income

• KYC/AML Compliance Procedures:

• Verification of identity and address

• Assessment of financial status and trading experience

• Verification Time Frames:

• Typically 1-3 business days, depending on the broker's processes

Part 4: fik Account Opening Process

Step-by-Step fik Account Opening Guide

1. Visit Website and Click Registration: Go to the official fik website and find the registration 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 from the available options.
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for the broker to verify your documents.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Access the trading platform and begin trading.

• Desktop vs Mobile Registration Differences: The registration process is generally similar on both platforms, but mobile may have additional app-specific features.
• Common Registration Issues and Solutions: Issues may include document rejection due to poor quality; ensure all documents are clear and legible.
• Average Account Approval Time: Generally ranges from 1-3 business days.
• How to Upgrade/Downgrade Account Types: Contact customer support or use the account management section on the broker's platform.

Part 5: fik Demo Account Information

fik Demo Account Guide

• Demo Account Features and Benefits:

• Access to all trading instruments

• Risk-free trading environment

• Ability to practice strategies without financial risk

• How to Open a Demo Account:

• Visit the broker's website and select the demo account option.

• Fill in the required information and create your demo account.

• Demo Account Limitations:

• Limited duration (typically 30-90 days)

• Virtual funds may not reflect real market conditions

• Virtual Balance Amount: Usually set at $10,000 or more in virtual funds.

• Demo vs Live Account Differences:

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

• Emotional factors are absent in demo trading.

• Duration/Expiry of Demo Accounts: Most demo accounts expire after a set period, typically 30-90 days.

Part 6: fik Islamic Account Details

fik Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, available for all account types.
• Eligibility Requirements: Must be a practicing Muslim.
• Differences from Standard Accounts: No swap fees and may have different spread structures.
• How to Apply for Islamic Account: Indicate the request during the registration process or contact customer support.
• Restrictions or Special Conditions: Must comply with Sharia law.

FAQs – fik Account Types & Opening

1. What account types does fik offer？

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

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

• Varies by account type, with Standard accounts having the lowest minimum deposit.

1. How long does fik account verification take？

• Typically 1-3 business days.

1. Does fik offer demo accounts？

• Yes, fik provides demo accounts for practice.

1. Can I have multiple account types with fik？

• Yes, you can open multiple accounts depending on your trading needs.

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

• Yes, Islamic accounts are available.

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

• A government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can upgrade or downgrade your account type by contacting customer support.