Forex-Hub broker Accounts

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

Part 1: forex hub 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: Access to all major currency pairs, user-friendly platform.
• Target User Profile: Beginners and intermediate 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 $5 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, suitable for high-frequency trading.
• Target User Profile: Advanced traders and professionals.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads starting from 0.5 pips; commission of $3 per lot.
• Leverage Options: Up to 1:400.
• Key Features: Advanced trading tools, priority customer support.
• Target User Profile: Experienced traders.
• Trading Instruments Available: Forex, commodities, indices, stocks.

1. Islamic Account

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

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• 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: All trader levels.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: forex hub Account Features Comparison

Detailed forex hub Account Features

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:400

• 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: From 1.0 pips

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $5 per lot

• Pro: $3 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: 1 lot

• ECN: 1 lot

• Pro: 1 lot

• Islamic: 1 lot

• Demo: 1 lot

• 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: N/A

• Demo: N/A

• Swap-Free Options:

• All account types except Demo.

• Demo Account Features:

• Virtual funds for practice, access to all trading instruments.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• User-friendly interface.

• Access to all major currency pairs.

• ECN Account:

• Tight spreads.

• Direct market access.

• Suitable for scalping.

• Pro Account:

• Lower commissions.

• Advanced trading tools.

• Priority support.

• Islamic Account:

• Complies with Sharia law.

• No swap fees.

• Demo Account:

• Risk-free trading environment.

• Practice with virtual funds.

• Access to all trading instruments.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• ECN Account:

• Higher minimum deposit.

• Commission fees can add up.

• Pro Account:

• Requires more capital.

• Islamic Account:

• Limited to Muslim traders.

• Demo Account:

• Limited duration; may expire.

Part 3: forex hub Account Registration Requirements

forex hub Account Registration Requirements

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.

• Geographic Restrictions: Available in most countries; check specific regulations.

• Prohibited Countries: Countries under sanctions or with restricted trading laws.

• Identity Verification Documents Needed:

• Valid government-issued photo ID (passport, national ID).

• Proof of residence (utility bill, bank statement).

• Additional Documentation for Professional Accounts:

• Proof of income or trading experience may be required.

• KYC/AML Compliance Procedures:

• Submission of identification and proof of residence for verification.

• Compliance with anti-money laundering regulations.

• Verification Time Frames:

• Typically takes 24 to 48 hours for account verification.

Part 4: forex hub Account Opening Process

Step-by-Step forex hub Account Opening Guide

1. Visit Website and Click Registration: Go to the forex hub website and find the registration button.
2. Personal Information Entry: Fill in your personal details such as name, email, and phone number.
3. Choose Account Type: Select the account type that suits your trading needs.
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload the required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit funds using your preferred payment method.
8. Start Trading: Log in to your trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but mobile may have a streamlined interface for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload errors.
• 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 24 to 48 hours.

How to Upgrade/Downgrade Account Types

• Log in to your account and navigate to the account settings to request an upgrade or downgrade.

Part 5: forex hub Demo Account Information

forex hub Demo Account Guide

• Demo Account Features and Benefits:

• Access to virtual funds for practice.

• Ability to test trading strategies without risk.

• Full access to trading instruments.

• How to Open a Demo Account:

• Visit the forex hub website and select the demo account option.

• Fill in the required information and submit.

• Demo Account Limitations:

• Limited duration; may expire after a set period (usually 30 days).

• Virtual Balance Amount:

• Typically set to $100,000 in virtual funds.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds; live accounts require real capital.

• Market conditions may differ slightly due to liquidity and execution speed.

• Duration/Expiry of Demo Accounts:

• Usually valid for 30 days but may be extended upon request.

Part 6: forex hub Islamic Account Details

forex hub Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Available for all account types (Standard, ECN, Pro).

• Eligibility Requirements:

• Must comply with Islamic finance principles.

• Differences from Standard Accounts:

• No swap fees for overnight positions.

• How to Apply for Islamic Account:

• Select the Islamic account option during registration or contact customer support.

• Restrictions or Special Conditions:

• Must adhere to Sharia law; no interest-based transactions.

FAQs – forex hub Account Types & Opening

1. What account types does forex hub 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: $100, Demo: N/A.

1. How long does forex hub account verification take？

• Typically 24 to 48 hours.

1. Does forex hub offer demo accounts？

• Yes, forex hub offers demo accounts with virtual funds.

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

• Yes, you can have multiple account types.

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

• Yes, Islamic accounts are available for all account types.

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

• Valid 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.