FRIEND broker Accounts

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

Part 1: friend Account Types Overview

friend Account Types Explained

Friend offers several account types tailored to different trading needs and profiles. Below is a detailed overview of each account type:

Recommended account types by trader level

• Beginner: Standard Account
• Intermediate: ECN Account
• Advanced: Pro Account
• Muslim Traders: Islamic Account
• All Levels: Demo Account

Part 2: friend Account Features Comparison

Detailed friend Account Features

The following table compares key features across different friend account types:

Advantages of each account type

• Standard Account:
• Low minimum deposit
• Access to all trading instruments
• User-friendly for beginners
• ECN Account:
• Low spreads for cost-effective trading
• Direct market access
• Suitable for high-frequency traders
• Pro Account:
• Fixed spreads for predictable costs
• Advanced trading tools
• Priority customer support
• Islamic Account:
• Compliant with Sharia law
• No swap fees
• Suitable for Muslim traders
• 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
• Limited advanced features
• ECN Account:
• Higher minimum deposit requirement
• Commission fees may apply
• Pro Account:
• High minimum deposit
• Not suitable for beginners
• Islamic Account:
• Limited to Muslim traders
• May have higher spreads than Standard
• Demo Account:
• No real money trading
• Limited duration for practice

Part 3: friend Account Opening Requirements

friend Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; however, some regions may be restricted.
• Prohibited Countries: Specific countries may be prohibited based on regulatory compliance.
• Identity Verification Documents Needed:
• Government-issued ID (passport or driver's license)
• Proof of residence (utility bill or bank statement)
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

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

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

Part 4: friend Account Opening Process

Step-by-Step friend Account Opening Guide

1. Visit Website and Click Registration: Navigate to the friend website and click on the "Register" 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 from the available options.
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 activate your account.
8. Start Trading: Once verified and funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, although the mobile interface may have a simplified layout.

Common Registration Issues and Solutions

• Issue: Document upload errors.
• Solution: Ensure documents are clear and meet size requirements.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• The average account approval time is 1-3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

• Account holders can request to upgrade or downgrade their account type through customer support.

Part 5: friend Demo Account Information

friend Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment for practice trading.
• Access to all trading instruments available in live accounts.
• Ideal for beginners to learn trading strategies.

How to Open a Demo Account

• Visit the friend website and select the demo account option.
• Fill in the required information to create a demo account.

Demo Account Limitations

• Limited duration for use, typically 30 days.
• Virtual funds only, no real money trading.

Virtual Balance Amount

• The demo account usually comes with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts do not involve real money and are for practice only, while live accounts involve actual trading.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days of inactivity.

Part 6: friend Islamic Account (if available)

friend Islamic Account Details

Swap-Free/Islamic Account Availability

• The Islamic account is available for traders who require a swap-free option.

Eligibility Requirements

• Must be a Muslim trader adhering to Sharia law.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, which are typically charged on 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

• Islamic accounts may have different spreads compared to standard accounts.

FAQs – friend Account Types & Opening

1. What account types does friend offer？

• Friend 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: $500.

1. How long does friend account verification take？

• Verification typically takes 1-3 business days.

1. Does friend offer demo accounts？

• Yes, friend offers demo accounts for practice trading.

1. Can I have multiple account types with friend？

• Yes, you can have multiple account types.

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

• Yes, friend offers Islamic accounts for Muslim traders.

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

• 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 customer support.