FOC broker Accounts

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

foc Account Types Explained

In the world of forex trading, choosing the right account type is crucial for your trading success. The following are the primary account types offered by foc:

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 casual traders
• Trading Instruments Available: Major and minor currency pairs, commodities

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads from 0.0 pips, $3 commission per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution
• Target User Profile: Experienced traders and scalpers
• Trading Instruments Available: Forex pairs, indices, commodities

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads from 0.5 pips, $2 commission 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: Comprehensive range including forex, stocks, and ETFs

4. 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: All instruments available in Standard Account

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Same as Standard Account
• Key Features: Risk-free trading environment with virtual money
• Target User Profile: Beginners and traders testing strategies
• Trading Instruments Available: Full range of instruments

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed foc Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• Easy to use for beginners

• No commission fees

• Wide range of trading instruments

• ECN Account:

• Direct market access

• Tight spreads

• Suitable for high-frequency trading

• Pro Account:

• Advanced trading tools

• Lower commission fees

• Priority support

• Islamic Account:

• Compliant with Sharia law

• No swap fees

• Available for all trading instruments

• Demo Account:

• Risk-free trading environment

• Ideal for practice and strategy testing

• Access to all trading features

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Requires higher minimum deposit

• Commission fees can add up

• Pro Account:

• Higher minimum deposit requirement

• May not be suitable for casual traders

• Islamic Account:

• Limited availability in some regions

• May have restrictions on certain instruments

• Demo Account:

• Virtual funds may not reflect real trading conditions

• Limited duration for practice

foc Account Registration Requirements

Eligibility Criteria

• Age Requirements: Minimum age of 18 years
• Geographic Restrictions: Not available in certain countries (specific list not provided)
• Prohibited Countries: Countries under international sanctions
• Identity Verification Documents Needed: Government-issued ID (passport or drivers license)
• Proof of Residence Requirements: Utility bill or bank statement with current address
• Additional Documentation for Professional Accounts: Proof of trading experience or financial status may be required

KYC/AML Compliance Procedures

• Completion of Know Your Customer (KYC) forms
• Submission of identity verification documents
• Anti-Money Laundering (AML) checks conducted by the broker

Verification Time Frames

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

Step-by-Step foc Account Opening Guide

Step-by-Step Registration Process

1. Visit Website: Go to the foc trading platform 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, etc.).
5. Set Trading Preferences: Specify your trading preferences (leverage, trading platform).
6. Document Upload: Upload required identification and proof of residence.
7. Account Verification: Wait for the broker to verify your documents.
8. Fund Your Account: Deposit funds into your trading account.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• Registration processes are generally similar on both desktop and mobile; however, mobile may have additional app-specific prompts.

Common Registration Issues and Solutions

• Issue: Document not accepted
• Solution: Ensure documents are clear and meet the specified requirements.
• Issue: Account verification delay
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically ranges from 1 to 3 business days, depending on the broker's workload and the accuracy of submitted documents.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an account type change; additional documentation or deposits may be required.

foc Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies
• Access to all trading features available in live accounts
• Ability to test different account types without financial risk

How to Open a Demo Account

• Follow the same registration process as for a live account, selecting ‘Demo Account’ during the account type selection.

Demo Account Limitations

• Limited duration (typically 30 days)
• Virtual funds may not reflect real market conditions

Virtual Balance Amount

• Usually set at $10,000 or similar amount for practice.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.
• Live accounts incur real trading risks and potential profits/losses.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days but may be extended upon request.

foc Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available for traders who require compliance with Sharia law.

Eligibility Requirements

• Must provide documentation confirming Muslim faith or request for a swap-free account.

Differences from Standard Accounts

• No swap fees applied on overnight positions.
• Similar trading conditions as standard accounts otherwise.

How to Apply for Islamic Account

• Indicate the request for an Islamic account during the registration process or contact customer support.

Restrictions or Special Conditions

• Some trading instruments may have restrictions on Islamic accounts.

FAQs – foc Account Types & Opening

1. What account types does foc offer？

• foc 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 foc account verification take？

• Verification typically takes 1-3 business days.

1. Does foc offer demo accounts？

• Yes, foc offers demo accounts for practice trading.

1. Can I have multiple account types with foc？

• Yes, you can open multiple account types based on your trading needs.

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

• Yes, foc offers Islamic accounts that are compliant with Sharia law.

1. What documents do I need to open a foc 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.