Fx Live broker Accounts

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

Part 1: fx live Account Types Overview

fx live Account Types Explained

When engaging in forex trading, selecting the right account type is crucial. Heres a breakdown of the various fx live account types available, including their features, minimum deposit requirements, and target user profiles.

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Average spread of 1.0 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Access to major currency pairs, educational resources, and trading tools.
• Target User Profile: Beginners and intermediate traders.
• Trading Instruments Available: Forex pairs, CFDs on commodities, indices, and cryptocurrencies.

2. ECN Account

• Minimum Deposit Requirement: $3,000
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of $5 per standard lot.
• Leverage Options: Up to 1:500.
• Key Features: Direct market access, no dealing desk intervention, and lower spreads.
• Target User Profile: Advanced and professional traders.
• Trading Instruments Available: Forex pairs, commodities, indices.

3. Pro Account

• Minimum Deposit Requirement: $10,000
• Spread/Commission Structure: Competitive spreads; commission varies based on trading volume.
• Leverage Options: Up to 1:200.
• Key Features: Tailored services for high-volume traders, dedicated account manager.
• Target User Profile: Institutional traders and high-net-worth individuals.
• Trading Instruments Available: Extensive range of forex pairs and CFDs.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard accounts but swap-free.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law; no interest payments.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex pairs, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: None (virtual funds).
• Spread/Commission Structure: Simulated trading environment with no real costs.
• Leverage Options: Same as live accounts.
• Key Features: Risk-free trading experience, educational tools, and practice environment.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Same as live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: Standard or Islamic Account
• Advanced Traders: ECN Account
• Institutional Traders: Pro Account
• Testing Strategies: Demo Account

Part 2: fx live Account Features Comparison

Detailed fx live Account Features

When comparing the fx live account types, several features stand out that can influence your trading experience.

• Minimum Deposit:

• Standard: $100

• ECN: $3,000

• Pro: $10,000

• Islamic: $100

• Demo: None

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:500

• Pro: 1:200

• Islamic: 1:500

• Demo: N/A

• Spreads (Typical/Minimum):

• Standard: 1.0 pips

• ECN: 0.0 pips

• Pro: Variable

• Islamic: Similar to Standard

• Demo: N/A

• Commission Fees:

• Standard: None

• ECN: $5 per standard lot

• Pro: Variable based on volume

• Islamic: None

• Demo: N/A

• Lot Size:

• Standard: 1.0 lots

• ECN: Minimum 0.01 lots

• Pro: Minimum 0.1 lots

• Islamic: 1.0 lots

• Demo: N/A

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5, proprietary platforms

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market execution

• ECN: ECN execution

• Pro: Market execution

• Islamic: Market execution

• Demo: Market execution

• 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: N/A

• Demo Account Features:

• Virtual balance of $10,000

• Access to all trading instruments

• Duration: Typically 30 days

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• No commission fees

• Ideal for beginners

• Access to educational resources

• ECN Account:

• Tight spreads

• Direct market access

• Suitable for high-frequency trading

• No dealing desk intervention

• Pro Account:

• Tailored services for professional traders

• Access to advanced trading tools

• High liquidity

• Dedicated account manager

• Islamic Account:

• Complies with Sharia law

• No interest payments

• Suitable for Muslim traders

• Similar features to Standard accounts

• Demo Account:

• Risk-free trading

• Practice strategies without financial risk

• Access to real market conditions

• Ideal for learning the platform

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited features for advanced traders

• ECN Account:

• High minimum deposit

• Commission fees may increase trading costs

• Pro Account:

• Very high minimum deposit

• May not be suitable for casual traders

• Islamic Account:

• Limited to specific trading conditions

• May have fewer features than Standard accounts

• Demo Account:

• No real money involved

• Emotional factors not tested

• Limited duration

Part 3: fx live Account Opening Requirements

fx live Account Registration Requirements

To open an fx live account, you must meet the following eligibility criteria:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries, but may be restricted in certain jurisdictions.
• Prohibited Countries: Countries under international sanctions or those with strict trading regulations.
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license).
• Proof of residence (utility bill or bank statement).
• Proof of Residence Requirements: Document must show your name and current address.
• 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.
• Verification typically involves submitting identity and address verification documents.

Verification Time Frames

• Account verification can take between 1 to 3 business days, depending on the completeness of the submitted documents.

Part 4: fx live Account Opening Process

Step-by-Step fx live Account Opening Guide

Opening an fx live account involves several straightforward steps:

1. Visit Website and Click Registration: Navigate to the fx live website and select the "Open Account" option.
2. Personal Information Entry: Fill in your personal details, including your name, email, and contact number.
3. Choose Account Type: Select the type of account you wish to open (Standard, ECN, etc.).
4. Set Trading Preferences: Indicate your preferred trading platform and leverage options.
5. Document Upload: Upload the required identity and proof of residence documents.
6. Account Verification: Wait for the verification process to complete, which may take a few days.
7. Fund Your Account: Once verified, deposit funds using your preferred payment method.
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, but the mobile interface may have fewer options for document uploads.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are clear and in the correct format (PDF, JPG).
• Issue: Verification takes too long.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes 1 to 3 business days.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of your account type, which may require additional documentation.

Part 5: fx live Demo Account Information

fx live Demo Account Guide

Demo accounts are essential for traders looking to practice without financial risk.

• Demo Account Features and Benefits:
• Access to all trading instruments.
• Virtual balance for practice.
• Risk-free environment to test strategies.

How to Open a Demo Account

• Visit the fx live website and select the "Open Demo Account" option. Fill in the required information and submit.

Demo Account Limitations

• Limited duration (typically 30 days).
• No real money involved, which may not replicate emotional trading conditions.

Virtual Balance Amount

• Standard virtual balance of $10,000 for practice.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money and emotional factors.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity.

Part 6: fx live Islamic Account (if available)

fx live Islamic Account Details

Islamic accounts are designed to comply with Sharia law.

• Swap-Free/Islamic Account Availability: Yes, available for all account types.
• Eligibility Requirements: Must provide documentation confirming the need for an Islamic account.
• Differences from Standard Accounts: No interest payments; otherwise, features are similar.
• How to Apply for Islamic Account: Select the Islamic option during account registration or contact support.
• Restrictions or Special Conditions: Must adhere to Islamic trading principles, such as no interest or speculative trading.

FAQs – fx live Account Types & Opening

1. What account types does fx live offer？

• Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $100, ECN: $3,000, Pro: $10,000, Islamic: $100, Demo: None.

1. How long does fx live account verification take？

• Typically 1 to 3 business days.

1. Does fx live offer demo accounts？

• Yes, demo accounts are available for practice.

1. Can I have multiple account types with fx live？

• Yes, you can open multiple account types.

1. Does fx live offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available.

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

• Government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, by contacting customer support.