FITEN broker Accounts

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

fiten Account Types Explained

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: User-friendly interface, suitable for beginners
• Target User Profile: Beginners and retail traders
• Trading Instruments Available: Forex, commodities, indices

1. 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, suitable for high-frequency trading
• Target User Profile: Experienced traders and scalpers
• Trading Instruments Available: Forex, commodities, cryptocurrencies

1. Pro Account

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

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, compliant with Sharia law
• Target User Profile: Muslim traders
• 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: Risk-free trading environment, practice trading strategies
• Target User Profile: Beginners and traders testing strategies
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed fiten Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• 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: Similar to Standard

• Demo: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Mini, 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

• No for others

• Swap-Free Options:

• Available for Islamic Account

• Not available for others

• Demo Account Features:

• Virtual funds for practice

• Access to all trading instruments

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit
• User-friendly interface
• No commission fees
• Wide range of trading instruments
• Disadvantages:
• Higher spreads compared to ECN
• Limited advanced features

ECN Account

• Advantages:
• Raw spreads
• Direct market access
• Suitable for scalping
• Lower trading costs
• Disadvantages:
• Higher minimum deposit
• Commission fees apply

Pro Account

• Advantages:
• Advanced trading tools
• Lower commission fees
• Priority support
• Suitable for professional trading
• Disadvantages:
• Higher minimum deposit
• Limited to experienced traders

Islamic Account

• Advantages:
• Compliant with Sharia law
• No swap fees
• Similar features to Standard Account
• Disadvantages:
• Limited availability for non-Muslim traders

Demo Account

• Advantages:
• Risk-free trading
• Practice with virtual funds
• Access to all trading instruments
• Disadvantages:
• No real profits
• Limited to a virtual environment

fiten Account Registration Requirements

Eligibility Criteria

• Age Requirements: Minimum age of 18 years
• Geographic Restrictions: Available globally, but may have restrictions in certain countries
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance (not detailed)
• Identity Verification Documents Needed: Government-issued ID (passport or drivers license)
• Proof of Residence Requirements: Utility bill or bank statement with the applicant's name and address
• Additional Documentation for Professional Accounts: Proof of trading experience or financial status may be required

KYC/AML Compliance Procedures

• Know Your Customer (KYC): Verification of identity and address
• Anti-Money Laundering (AML): Procedures to prevent money laundering activities

Verification Time Frames

• Typical Verification Time: 1-3 business days, depending on document submission and review processes

Step-by-Step fiten Account Opening Guide

Registration Process

1. Visit Website: Navigate to the fiten official website.
2. Click Registration: Find and click on the registration button.
3. Personal Information Entry: Fill in your personal details including name, email, and phone number.
4. Choose Account Type: Select the desired account type based on your trading needs.
5. Set Trading Preferences: Specify your trading preferences and leverage options.
6. Document Upload: Upload required documents for identity verification.
7. Account Verification: Wait for the account to be verified by the fiten team.
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

• Desktop: Full access to all features and easier document uploads.
• Mobile: Streamlined process, but may have limited features.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Registration confirmation not received.
• Solution: Check spam/junk email folders or contact customer support.

Average Account Approval Time

• Typically 1-3 business days, depending on the completeness of the submitted documents.

How to Upgrade/Downgrade Account Types

• Contact customer support or use the account management section on the website to request changes.

fiten Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments, risk-free environment, practice trading strategies.
• Benefits: Ideal for beginners to learn trading without financial risk.

How to Open a Demo Account

• Follow the same registration process but select the demo account option.

Demo Account Limitations

• Virtual Balance Amount: Typically $10,000 in virtual funds.
• Duration/Expiry of Demo Accounts: Usually valid for 30 days, but may be extended upon request.

Demo vs Live Account Differences

• Live Account: Real funds, actual profits/losses.
• Demo Account: Virtual funds, no real financial implications.

fiten Islamic Account Details

Swap-Free/Islamic Account Availability

• Availability: Yes, specifically designed for Muslim traders.

Eligibility Requirements

• Must be a practicing Muslim to qualify for the Islamic account.

Differences from Standard Accounts

• No swap fees applied, compliant with Sharia law.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process.

Restrictions or Special Conditions

• Must adhere to Islamic trading principles, no interest-based transactions.

FAQs – fiten Account Types & Opening

1. What account types does fiten offer？

• fiten 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 fiten account verification take？

• Verification typically takes 1-3 business days.

1. Does fiten offer demo accounts？

• Yes, fiten offers a demo account for practice trading.

1. Can I have multiple account types with fiten？

• Yes, you can open multiple account types as needed.

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

• Yes, fiten provides Islamic accounts that are swap-free.

1. What documents do I need to open a fiten 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 upgrade or downgrade your account type through customer support.