Fina broker Accounts

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

Part 1: fina Account Types Overview

fina Account Types Explained

fina offers a variety of account types to cater to different trading needs and preferences. Below is a detailed overview of each account type available:

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: User-friendly interface, access to all trading instruments.
• 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: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; commission of $2 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Enhanced trading conditions, priority customer support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and CFDs.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law, no interest charged.
• Target User Profile: Muslim traders adhering to Islamic finance principles.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance of $10,000.
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading without risk, access to all trading instruments.
• Target User Profile: Beginners and those looking to test strategies.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: fina Account Features Comparison

Detailed fina Account Features

When comparing the features of fina account types, the following aspects are crucial:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: $0

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: From 0.5 pips

• Islamic: Same as Standard

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: 1 lot

• ECN: 0.1 lot

• Pro: 1 lot

• Islamic: 1 lot

• Demo: 0.1 lot

• 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:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Demo Account Features:

• Virtual balance of $10,000, access to all instruments, no time limit.

Advantages of Each Account Type

• Standard Account:

• User-friendly for beginners.

• No commission fees.

• Wide range of instruments available.

• ECN Account:

• Tight spreads and lower trading costs.

• Fast execution speeds.

• Ideal for scalping and high-frequency trading.

• Pro Account:

• Enhanced trading conditions and support.

• Lower commission fees.

• Suitable for professional traders.

• Islamic Account:

• Complies with Islamic finance principles.

• No swap fees.

• Access to all trading instruments.

• Demo Account:

• Risk-free trading environment.

• Ideal for testing strategies.

• No financial commitment required.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit requirement.

• Commission fees can add up.

• Pro Account:

• Higher minimum deposit compared to Standard.

• May not be suitable for beginners.

• Islamic Account:

• Limited to Muslim traders.

• May have fewer features compared to other accounts.

• Demo Account:

• Virtual funds may not reflect real market conditions.

• Limited duration for practice.

Part 3: fina Account Opening Requirements

fina Account Registration Requirements

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

• Age Requirements:

• Must be at least 18 years old.

• Geographic Restrictions:

• Available to residents of most countries; specific restrictions may apply.

• Prohibited Countries:

• Countries under international sanctions or restrictions may be prohibited.

• Identity Verification Documents Needed:

• Government-issued ID (passport, drivers license).

• Proof of residence (utility bill, bank statement).

• Proof of Residence Requirements:

• Recent documents showing your name and address.

• Additional Documentation for Professional Accounts:

• Proof of trading experience or qualifications may be required.

KYC/AML Compliance Procedures

• Completion of Know Your Customer (KYC) checks.
• Anti-Money Laundering (AML) compliance documentation must be submitted.

Verification Time Frames

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

Part 4: fina Account Opening Process

Step-by-Step fina Account Opening Guide

1. Visit Website and Click Registration:

• Navigate to the fina website and click on the "Open Account" button.

1. Personal Information Entry:

• Fill in personal details such as name, email, and phone number.

1. Choose Account Type:

• Select the desired account type based on your trading needs.

1. Set Trading Preferences:

• Specify preferences such as leverage and trading instruments.

1. Document Upload:

• Upload required identification and proof of residence documents.

1. Account Verification:

• Wait for the verification process to complete, which usually takes 1-3 business days.

1. Fund Your Account:

• Deposit the minimum required amount to activate your account.

1. Start Trading:

• Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, although mobile may have a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document rejection due to poor quality.

• Solution: Ensure all documents are clear and legible before uploading.

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• The average approval time is 1-3 business days, depending on the completeness of the application.

How to Upgrade/Downgrade Account Types

• Account type changes can typically be requested through the customer support portal or account management section of the website.

Part 5: fina Demo Account Information

fina Demo Account Guide

• Demo Account Features and Benefits:

• Allows traders to practice without financial risk.

• Access to real market conditions with virtual funds.

• How to Open a Demo Account:

• Follow the same registration process as a live account but select "Demo Account."

• Demo Account Limitations:

• Limited to virtual funds; no real profits can be made.

• Virtual Balance Amount:

• Typically set at $10,000 for practice purposes.

• Demo vs Live Account Differences:

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

• Duration/Expiry of Demo Accounts:

• Demo accounts may have an expiry period, typically ranging from 30 to 90 days.

Part 6: fina Islamic Account (if available)

fina Islamic Account Details

• Swap-Free/Islamic Account Availability:

• fina offers Islamic accounts that comply with Sharia law.

• Eligibility Requirements:

• Must be a Muslim trader adhering to Islamic finance principles.

• Differences from Standard Accounts:

• No swap fees are charged, and the account operates under different terms.

• How to Apply for Islamic Account:

• Select the Islamic account option during the registration process.

• Restrictions or Special Conditions:

• Islamic accounts may have specific trading conditions and limitations.

FAQs – fina Account Types & Opening

1. What account types does fina offer？

• fina 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: $0.

1. How long does fina account verification take？

• Verification typically takes 1-3 business days.

1. Does fina offer demo accounts？

• Yes, fina offers demo accounts for practice trading.

1. Can I have multiple account types with fina？

• Yes, traders can open multiple accounts with different types.

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

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

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

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, account type changes can be requested through customer support.