First Street Capital broker Accounts

first street capital Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: first street capital Account Types Overview

first street capital Account Types Explained

First Street Capital offers several account types tailored to different trading needs and experience levels. Below is an overview of the available account types:

Recommended account types by trader level

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

Part 2: first street capital Account Features Comparison

Detailed first street capital Account Features

Advantages of each account type

• Standard Account:
• Low minimum deposit
• No commission fees
• User-friendly for beginners
• ECN Account:
• Low spreads
• Direct market access
• Ideal for high-frequency trading
• Pro Account:
• Tight spreads
• Advanced trading tools
• Suitable for institutional traders
• Islamic Account:
• No swap fees
• Complies with Islamic finance principles
• Available for all trading instruments

Disadvantages of each account type

• Standard Account:
• Higher spreads compared to ECN and Pro accounts
• Limited advanced features
• ECN Account:
• Requires a higher minimum deposit
• Commission fees may apply
• Pro Account:
• Highest minimum deposit requirement
• May not be suitable for casual traders
• Islamic Account:
• Limited availability of certain features
• Higher minimum deposit compared to Standard Account

Part 3: first street capital Account Opening Requirements

first street capital Account Registration Requirements

Eligibility criteria:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries; specific restrictions may apply based on local regulations.
• Prohibited Countries: Countries under international sanctions may be restricted.
• Identity Verification Documents Needed:
• Government-issued ID (passport, national ID, or driver's license)
• Proof of Residence Requirements:
• Recent utility bill, bank statement, or lease agreement.
• Additional Documentation for Professional Accounts:
• Proof of income or financial statements may be required.

KYC/AML compliance procedures

• First Street Capital adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This includes verifying the identity of clients and monitoring transactions for suspicious activity.

Verification time frames

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

Part 4: first street capital Account Opening Process

Step-by-Step first street capital Account Opening Guide

1. Visit the Website: Go to the First Street Capital website.
2. Click Registration: Find and click the 'Register' button.
3. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
4. Choose Account Type: Select the account type that suits your trading needs.
5. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
6. Document Upload: Upload the required identity verification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds into your account to start trading.
9. 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, but the mobile interface may have a simplified layout for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are in the correct format and within size limits.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• The average account approval time is between 1-3 business days.

How to Upgrade/Downgrade Account Types

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

Part 5: first street capital Demo Account Information

first street capital Demo Account Guide

Demo account features and benefits

• The demo account allows users to practice trading with virtual funds, providing a risk-free environment to learn trading strategies.

How to open a demo account

• Users can create a demo account by selecting the demo option during the registration process on the First Street Capital website.

Demo account limitations

• The demo account may have a limited duration, typically lasting for 30 days.

Virtual balance amount

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

Demo vs Live Account Differences

• The demo account does not involve real money, while the live account requires actual funds and involves real trading risks.

Duration/expiry of demo accounts

• Demo accounts typically expire after 30 days of inactivity.

Part 6: first street capital Islamic Account (if available)

first street capital Islamic Account Details

Swap-free/Islamic account availability

• First Street Capital offers Islamic accounts that comply with Sharia law, allowing for trading without swap fees.

Eligibility requirements

• Clients must declare their need for an Islamic account during the registration process.

Differences from standard accounts

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

How to apply for Islamic account

• Clients can apply for an Islamic account by selecting this option during the account registration process.

Restrictions or special conditions

• Islamic accounts may have specific trading conditions, such as limitations on certain trading strategies.

FAQs – first street capital Account Types & Opening

1. What account types does first street capital offer？

• First Street Capital 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: $500.

1. How long does first street capital account verification take？

• Verification typically takes 1-3 business days.

1. Does first street capital offer demo accounts？

• Yes, First Street Capital offers demo accounts for practice trading.

1. Can I have multiple account types with first street capital？

• Yes, clients can have multiple account types.

1. Does first street capital offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available.

1. What documents do I need to open a first street capital account？

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

1. Can I change my account type after registration？

• Yes, you can request to change your account type through customer support.