FOREX-FUNDERS broker Accounts

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

Part 1: forex funders 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: Suitable for beginners, offers a wide range of trading instruments
• Target User Profile: Beginners and retail traders
• Trading Instruments Available: Major and minor currency pairs, commodities

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Tight spreads from 0.0 pips + commission
• 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, indices

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Competitive spreads with lower commissions
• Leverage Options: Up to 1:100
• Key Features: Enhanced trading conditions, suitable for professional traders
• Target User Profile: Experienced traders and institutions
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts but swap-free
• Leverage Options: Up to 1:500
• Key Features: Compliant with Sharia law, no overnight interest
• Target User Profile: Muslim traders
• Trading Instruments Available: All instruments available in standard accounts

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000)
• Spread/Commission Structure: Same as live accounts
• Leverage Options: Same as live accounts
• Key Features: Risk-free environment for practice
• Target User Profile: Beginners and traders testing strategies
• Trading Instruments Available: All instruments available in live accounts

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: Detailed forex funders Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $500

• Demo: Virtual funds

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:100

• Islamic: Up to 1:500

• Demo: Same as live accounts

• Spreads:

• Standard: Variable from 1.0 pips

• ECN: From 0.0 pips + commission

• Pro: Competitive spreads

• Islamic: Variable, similar to Standard

• Demo: Same as live accounts

• Commission Fees:

• Standard: None

• ECN: Yes, based on volume

• Pro: Lower than Standard

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro (1,000 units), Mini (10,000 units), Standard (100,000 units)

• ECN: Micro, Mini, Standard

• Pro: Micro, Mini, Standard

• Islamic: Micro, Mini, Standard

• Demo: Same as live accounts

• 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: Yes for Islamic accounts

• Swap-Free Options: Available for Islamic accounts

• Demo Account Features: Virtual trading environment, risk-free

• Advantages of Each Account Type:

• Standard: Easy to use, low minimum deposit

• ECN: Low spreads, direct market access

• Pro: Professional trading conditions, lower costs

• Islamic: Compliant with religious beliefs

• Demo: No risk, practice trading strategies

• Disadvantages of Each Account Type:

• Standard: Higher spreads

• ECN: Requires higher deposit

• Pro: Higher minimum deposit

• Islamic: Limited to swap-free trading

• Demo: No real profits, limited duration

Part 3: forex funders Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old
• Geographic Restrictions: Availability may vary by country
• Prohibited Countries: Specific countries may be restricted based on local regulations
• Identity Verification Documents Needed:
• Government-issued ID (passport or driver's license)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Recent documents showing your current address
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience

KYC/AML Compliance Procedures

• Complete identity verification through the broker's platform
• Submit required documents for verification
• Compliance with Anti-Money Laundering (AML) regulations

Verification Time Frames

• Typically takes 24-48 hours for standard accounts
• May vary for professional accounts based on documentation provided

Part 4: Step-by-Step forex funders Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Go to the forex funders website and find the registration button.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the type of account you wish to open.
4. Set Trading Preferences: Specify your trading preferences and risk tolerance.
5. Document Upload: Upload required identification and proof of residence.
6. Account Verification: Wait for the broker to verify your documents.
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

• Desktop registration typically offers a more comprehensive view of account options.
• Mobile registration may have simplified steps but is equally effective.

Common Registration Issues and Solutions

• Document Rejection: Ensure documents are clear and recent.
• Delayed Verification: Contact customer support for updates.

Average Account Approval Time

• Generally, accounts are approved within 24-48 hours.

How to Upgrade/Downgrade Account Types

• Contact customer support to request changes in account type based on your trading needs.

Part 5: forex funders Demo Account Guide

Demo Account Features and Benefits

• Allows practice trading without financial risk
• Access to all trading instruments available in live accounts
• Ideal for testing strategies and familiarizing with the trading platform

How to Open a Demo Account

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

Demo Account Limitations

• Limited to virtual funds, no real profits can be earned.
• May have a time limit for usage, typically 30 days.

Virtual Balance Amount

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

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts involve real money.
• Trading conditions may vary slightly based on market conditions.

Duration/Expiry of Demo Accounts

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

Part 6: forex funders 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 religious beliefs.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees for overnight positions.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process and provide necessary documentation.

Restrictions or Special Conditions

• Must adhere to specific trading conditions set by the broker to maintain the Islamic account status.

FAQs – forex funders Account Types & Opening

1. What account types does forex funders offer？

• Forex funders offer 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, Demo: Virtual funds.

1. How long does forex funders account verification take？

• Verification typically takes 24-48 hours.

1. Does forex funders offer demo accounts？

• Yes, forex funders provide demo accounts for practice trading.

1. Can I have multiple account types with forex funders？

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

1. Does forex funders offer Islamic/swap-free accounts？

• Yes, forex funders offer Islamic accounts that comply with Sharia law.

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

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

1. Can I change my account type after registration？

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