FITS broker Accounts

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

fits Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:500
• Key Features: Basic trading features, suitable for beginners
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips + commission
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Competitive spreads with lower commission rates
• Leverage Options: Up to 1:100
• Key Features: Enhanced trading tools and analytics
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, stocks, ETFs

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: No swap fees, 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: Same as Standard Account
• Leverage Options: Same as Standard Account
• Key Features: Practice trading without risk
• Target User Profile: Beginners and those testing strategies
• Trading Instruments Available: Forex, commodities, indices

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed fits Account Features

Features 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: 1:100

• Islamic: 1:500

• Demo: Same as Standard

• Spreads:

• Standard: From 1.0 pips

• ECN: From 0.0 pips + commission

• Pro: Competitive spreads

• Islamic: Same as Standard

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: Yes (based on volume)

• Pro: Lower than ECN

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: 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: 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 for practice

• Access to all trading instruments

• No time limit on practice

Advantages and Disadvantages of Each Account Type

• Standard Account:

• Advantages: Low minimum deposit, no commission fees, suitable for beginners.

• Disadvantages: Higher spreads compared to ECN, limited advanced features.

• ECN Account:

• Advantages: Raw spreads, direct market access, suitable for scalpers.

• Disadvantages: Higher minimum deposit, commission fees apply.

• Pro Account:

• Advantages: Competitive spreads, enhanced tools, suitable for professionals.

• Disadvantages: High minimum deposit, may not be suitable for casual traders.

• Islamic Account:

• Advantages: No swap fees, compliant with Islamic finance principles.

• Disadvantages: Limited to specific trading instruments, may have higher spreads.

• Demo Account:

• Advantages: Risk-free trading, practice strategies, no time limit.

• Disadvantages: No real profits, limited to virtual funds.

fits Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries, but specific restrictions may apply.
• Prohibited Countries: Countries under international sanctions may be restricted.
• Identity Verification Documents Needed: Government-issued ID, passport, or driver's license.
• Proof of Residence Requirements: Utility bill, bank statement, or lease agreement.
• Additional Documentation for Professional Accounts: Proof of trading experience or financial qualifications.

KYC/AML Compliance Procedures

• All users must complete KYC (Know Your Customer) and AML (Anti-Money Laundering) checks during registration.
• Users must provide accurate information and documents for verification.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on document submission and processing speed.

Step-by-Step fits Account Opening Guide

Detailed Step-by-Step Registration Process

1. Visit Website and Click Registration: Go to the fits trading platform and find the registration link.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type based on trading experience and goals.
4. Set Trading Preferences: Indicate trading preferences including leverage and trading instruments.
5. Document Upload: Upload required verification documents for KYC compliance.
6. Account Verification: Wait for the account to be verified by the trading platform.
7. Fund Your Account: Deposit funds using available payment methods.
8. 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 simplified steps for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload failure.

• 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

• Typically, account approval takes between 1-3 business days.

How to Upgrade/Downgrade Account Types

• Users can request account type changes through the customer support portal, subject to the new account requirements.

fits Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments, virtual funds for practice, and no time limit on usage.
• Benefits: Allows traders to practice strategies without financial risk and familiarize themselves with the trading platform.

How to Open a Demo Account

• Visit the fits website and select the demo account option, then follow the registration steps similar to opening a live account.

Demo Account Limitations

• The demo account does not provide real profits and is limited to virtual funds.

Virtual Balance Amount

• The demo account typically comes with a virtual balance of $100,000 for practice.

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 do not expire, but inactivity may lead to account closure.

fits Islamic Account Details

Swap-Free/Islamic Account Availability

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

Eligibility Requirements

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

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, but may have higher spreads.

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 instruments and conditions based on compliance with Islamic finance principles.

FAQs – fits Account Types & Opening

1. What account types does fits offer？

• fits 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 fits account verification take？

• Account verification typically takes 1-3 business days.

1. Does fits offer demo accounts？

• Yes, fits offers demo accounts for practice trading.

1. Can I have multiple account types with fits？

• Yes, users can open multiple account types as per their trading needs.

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

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

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

• Required documents include a government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, users can request to change their account type through customer support.