Fition broker Accounts

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

Part 1: fition Account Types Overview

fition Account Types Explained

fition offers several account types tailored to meet the diverse needs of traders. Below is an overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commissions.
• Leverage Options: Up to 1:500.
• Key Features: User-friendly interface, suitable for beginners, access to educational resources.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

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

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: Advanced trading tools, priority customer support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, stocks.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to the Standard account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Compliant with Sharia law, no interest or swap fees.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically $10,000).
• Spread/Commission Structure: Same as Standard account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free environment to practice trading strategies.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account, Demo Account
• Intermediate: Pro Account
• Advanced: ECN Account

Part 2: fition Account Features Comparison

Detailed fition Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual balance

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: From 0.5 pips

• Islamic: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Mini, Standard

• Islamic: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Swap-Free Options:

• Available for Islamic accounts.

• Demo Account Features:

• Virtual balance, same spreads as Standard account, risk-free trading.

Advantages of Each Account Type

• Standard Account:

• Easy to use for beginners.

• Access to educational resources.

• No commissions.

• ECN Account:

• Tight spreads.

• Direct market access.

• Ideal for scalping.

• Pro Account:

• Advanced trading tools.

• Lower commissions.

• Priority support.

• Islamic Account:

• Compliant with Sharia law.

• No swap fees.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Practice strategies without financial risk.

• Access to all trading instruments.

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:

• High minimum deposit.

• More suited for experienced traders.

• Islamic Account:

• Limited availability of certain features.

• May not suit all trading strategies.

• Demo Account:

• No real financial gains.

• Limited duration for practice.

Part 3: fition Account Opening Requirements

fition Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; check specific restrictions.
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.
• Identity Verification Documents Needed: Valid government-issued ID (passport or drivers license).
• Proof of Residence Requirements: Utility bill or bank statement showing current address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks to verify identity and prevent fraud.

Verification Time Frames

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

Part 4: fition Account Opening Process

Step-by-Step fition Account Opening Guide

1. Visit Website and Click Registration: Go to the fition website and click on the registration button.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type (Standard, ECN, Pro, etc.).
4. Set Trading Preferences: Specify trading preferences, including leverage and trading instruments.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete.
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

• The registration process is similar on both platforms, but mobile registration may have additional verification steps via SMS.

Common Registration Issues and Solutions

• Issue: Document upload failures.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Delayed verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Account approval typically takes 1-3 business days.

How to Upgrade/Downgrade Account Types

• Users can request an upgrade or downgrade through the account management section on the website.

Part 5: fition Demo Account Information

fition Demo Account Guide

Demo Account Features and Benefits

• Provides a virtual balance for risk-free trading.
• Access to all trading instruments available in live accounts.
• Ideal for practicing strategies and familiarizing with the trading platform.

How to Open a Demo Account

• Visit the fition website and select the demo account option.
• Fill in the required information and submit.

Demo Account Limitations

• Limited duration for use, typically 30 days.
• No real financial gains or losses.

Virtual Balance Amount

• Typically set at $10,000 for practice.

Demo vs Live Account Differences

• Live accounts involve real money and financial risk, while demo accounts are purely for practice.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days but can be renewed upon request.

Part 6: fition Islamic Account (if available)

fition Islamic Account Details

Swap-Free/Islamic Account Availability

• fition offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Must be a Muslim trader seeking a swap-free trading option.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees and have similar trading conditions to standard accounts.

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 that differ from standard accounts.

FAQs – fition Account Types & Opening

1. What account types does fition offer？

• fition 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: Virtual balance.

1. How long does fition account verification take？

• Verification typically takes 1-3 business days.

1. Does fition offer demo accounts？

• Yes, fition offers demo accounts for risk-free trading.

1. Can I have multiple account types with fition？

• Yes, traders can open multiple account types.

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

• Yes, fition provides Islamic accounts that are compliant with Sharia law.

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

• A valid 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 the account management section.