Fincloud broker Accounts

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

fincloud Account Types Explained

Fincloud offers a variety of account types tailored to different trading needs and experiences. Below is a detailed overview of the 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: Access to all trading instruments, including forex, commodities, and indices.
• Target User Profile: Beginners and retail traders.
• Trading Instruments Available: Forex pairs, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of $5 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 pairs, commodities, indices, cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; commission of $3 per lot.
• Leverage Options: Up to 1:400.
• Key Features: Advanced trading tools, priority customer support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex pairs, commodities, indices, cryptocurrencies.

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: Swap-free trading in compliance with Islamic finance principles.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex pairs, commodities, indices.

5. 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 with virtual funds, access to all trading instruments.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Forex pairs, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed fincloud Account Features

Comparison of Features Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• Suitable for beginners.

• ECN Account:

• Raw spreads and direct market access.

• Ideal for scalping and high-frequency trading.

• Lower trading costs for active traders.

• Pro Account:

• Advanced trading tools and priority support.

• Competitive spreads and commissions.

• Suitable for institutional trading.

• Islamic Account:

• Compliant with Islamic finance principles.

• No swap fees.

• Available for all trading instruments.

• Demo Account:

• Risk-free trading environment.

• Access to all trading features.

• Ideal for testing strategies.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit requirement.

• Commission fees may increase trading costs.

• Pro Account:

• High minimum deposit requirement.

• Not suitable for beginner traders.

• Islamic Account:

• Limited availability of certain features.

• May have restrictions on trading strategies.

• Demo Account:

• Virtual funds may not reflect real trading conditions.

• Limited duration for practice.

fincloud Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries, but specific restrictions may apply.
• Prohibited Countries: Residents from certain countries may be restricted from opening accounts (specific countries not listed).

Identity Verification Documents Needed

• Proof of Identity: Government-issued ID (passport, national ID card).
• Proof of Residence: Utility bill, bank statement, or government document showing your name and address.

Additional Documentation for Professional Accounts

• Proof of trading experience or financial background may be required for Pro accounts.

KYC/AML Compliance Procedures

• Fincloud adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring verification of identity and residence.

Verification Time Frames

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

Step-by-Step fincloud Account Opening Guide

Detailed Registration Process

1. Visit Website: Go to the Fincloud website.
2. Click Registration: Click on the "Sign Up" or "Register" button.
3. Personal Information Entry: Fill in your personal details (name, email, phone number).
4. Choose Account Type: Select the desired account type (Standard, ECN, Pro, Islamic, Demo).
5. Set Trading Preferences: Specify your trading preferences (leverage, trading platform).
6. Document Upload: Upload required identity and residence verification documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds to start trading.
9. Start Trading: Access your account and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but the mobile interface may have simplified steps for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload fails.

• Solution: Ensure documents are clear and in the correct format (PDF, JPG).

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes between 1-3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

• Users can request to upgrade or downgrade their account type through the customer support portal or account settings.

fincloud Demo Account Guide

Demo Account Features and Benefits

• The demo account allows traders to practice trading strategies without financial risk, using virtual funds.

How to Open a Demo Account

• Follow the same registration process as for live accounts, selecting "Demo Account" as the account type.

Demo Account Limitations

• The demo account may have a limited duration (usually 30 days) and may not provide access to all trading features.

Virtual Balance Amount

• The demo account typically comes with a virtual balance of $10,000.

Demo vs Live Account Differences

• The demo account uses virtual funds, while the live account involves real money trading.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity, but users can request extensions.

fincloud Islamic Account Details

Swap-Free/Islamic Account Availability

• Fincloud offers Islamic accounts that comply with Sharia law, allowing for swap-free trading.

Eligibility Requirements

• Traders must declare their need for an Islamic account during registration.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for Muslim traders.

How to Apply for Islamic Account

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

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions, such as limited access to certain instruments.

FAQs – fincloud Account Types & Opening

1. What account types does fincloud offer？

• Fincloud 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 fincloud account verification take？

• Account verification typically takes 1-3 business days.

1. Does fincloud offer demo accounts？

• Yes, fincloud offers demo accounts for practice trading.

1. Can I have multiple account types with fincloud？

• Yes, users can have multiple account types.

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

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

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

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

1. Can I change my account type after registration？

• Yes, users can request to upgrade or downgrade their account type through customer support.