FIL broker Accounts

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

Part 1: fil Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:500
• Key Features: Basic trading features, suitable for beginners
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads from 0.0 pips, commission of $3 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, suitable for scalping
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads starting from 1.0 pip, no commission
• Leverage Options: Up to 1:400
• Key Features: Enhanced trading conditions, priority support
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, stocks, ETFs

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: Swap-free trading options
• Target User Profile: Traders adhering to Islamic finance principles
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: 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 experienced traders testing strategies
• Trading Instruments Available: All available instruments

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: fil Account Features Comparison

Detailed fil Account Features

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:400

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: 1.5 pips

• ECN: 0.0 pips

• Pro: 1.0 pip

• Islamic: Similar to Standard

• Demo: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: None

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• 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: Instant

• Islamic: Market

• Demo: Market

• Islamic Account Availability: Yes for Islamic Account

• Swap-Free Options: Available for Islamic Account

• Demo Account Features: Full access to trading instruments, virtual funds for practice

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly interface

• Access to a wide range of instruments

• No commission fees

• ECN Account:

• Tight spreads

• Direct market access

• Suitable for high-frequency trading

• Transparent pricing

• Pro Account:

• Fixed spreads

• No commission fees

• Enhanced support services

• Ideal for serious traders

• Islamic Account:

• Complies with Islamic finance principles

• No swap fees

• Access to all trading instruments

• Flexible trading conditions

• Demo Account:

• Risk-free trading environment

• Practice strategies without financial risk

• Access to all features of live accounts

• Unlimited duration for practice

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

• May not be suitable for casual traders

• Islamic Account:

• Limited availability in some regions

• May have restrictions on certain trading strategies

• Demo Account:

• No real financial gains

• Limited to virtual funds

Part 3: fil Account Registration Requirements

Eligibility Criteria

• Age Requirements: Minimum age of 18 years
• Geographic Restrictions: Varies by country; check with the 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)

Proof of Residence Requirements

• Recent utility bill
• Bank statement with your name and address

Additional Documentation for Professional Accounts

• Business registration documents (if applicable)
• Proof of trading experience or qualifications

KYC/AML Compliance Procedures

• Complete identity verification
• Submit required documents for review
• Compliance with anti-money laundering regulations

Verification Time Frames

• Typically 1-3 business days for standard accounts
• May take longer for professional accounts depending on documentation

Part 4: fil Account Opening Process

Step-by-Step fil Account Opening Guide

1. Visit Website and Click Registration: Go to the official fil 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 based on your trading needs.
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 and information.
7. Fund Your Account: Deposit the minimum required amount to start trading.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• Desktop registration may provide a more comprehensive view of account types and features.
• Mobile registration may be streamlined for quicker access.

Common Registration Issues and Solutions

• Issue: Document upload errors
• Solution: Ensure documents are clear and in the correct format.
• Issue: Delays in verification
• Solution: Contact customer support for updates.

Average Account Approval Time

• Standard accounts: 1-3 business days
• Professional accounts: May take longer based on documentation

How to Upgrade/Downgrade Account Types

• Contact customer support to request an account change.
• Provide necessary documentation if required for the new account type.

Part 5: fil Demo Account Guide

Demo Account Features and Benefits

• Access to all trading instruments
• Practice trading strategies without risk
• Virtual balance to simulate real trading conditions

How to Open a Demo Account

• Visit the fil website and select the demo account option.
• Fill out the registration form and submit.

Demo Account Limitations

• Limited to virtual funds
• No real financial gains from trading

Virtual Balance Amount

• Typically ranges from $10,000 to $100,000 in virtual funds.

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts use real money.
• Trading conditions may differ slightly in terms of execution speed and spreads.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for a specified period (e.g., 30 days) but may be extended upon request.

Part 6: fil Islamic Account Details

Swap-Free/Islamic Account Availability

• Yes, fil offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Must be a trader adhering to Islamic finance principles.
• Standard account verification documents apply.

Differences from Standard Accounts

• No swap fees applied overnight.
• Similar trading conditions as standard accounts.

How to Apply for Islamic Account

• Select the Islamic account option during registration.
• Provide necessary documentation for verification.

Restrictions or Special Conditions

• May have limitations on certain trading strategies (e.g., no interest-based transactions).

FAQs – fil Account Types & Opening

1. What account types does fil offer？

• fil 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: N/A.

1. How long does fil account verification take？

• Typically 1-3 business days for standard accounts.

1. Does fil offer demo accounts？

• Yes, fil provides demo accounts for practice trading.

1. Can I have multiple account types with fil？

• Yes, traders can have multiple account types.

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

• Yes, Islamic accounts are available without swap fees.

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