FX-One Forex Broker keeps up-to-date with the latest trading account information, including Pro Account, VIP Account, Gold Account, Silver Account, Standard Account maximum leverage of 1:400, trading varieties, and more
fx one offers a variety of account types tailored to meet the needs of different traders. Below is an overview of the available account types:
| Account Type | Minimum Deposit | Spread/Commission Structure | Leverage | Key Features | Target User Profile | Trading Instruments Available |
|---|---|---|---|---|---|---|
| Standard Account | $100 | Variable spreads starting from 1.0 pips | Up to 1:500 | Ideal for beginners, access to educational resources | Beginners | Forex, CFDs, commodities |
| ECN Account | $500 | Raw spreads from 0.0 pips + commission | Up to 1:200 | Direct market access, lower trading costs | Advanced traders | Forex, commodities, indices |
| Pro Account | $1,000 | Competitive spreads with lower commissions | Up to 1:100 | Designed for professional traders | Institutional and professional traders | Forex, commodities, indices |
| Islamic Account | $100 | Similar to Standard Account, swap-free | Up to 1:500 | Complies with Sharia law | Muslim traders | Forex, CFDs, commodities |
| Demo Account | N/A | N/A | N/A | Practice trading without risk | All levels | Forex, CFDs, commodities |
| Feature | Standard Account | ECN Account | Pro Account | Islamic Account | Demo Account |
|---|---|---|---|---|---|
| Minimum Deposit | $100 | $500 | $1,000 | $100 | N/A |
| Maximum Leverage | 1:500 | 1:200 | 1:100 | 1:500 | N/A |
| Spreads (Typical/Minimum) | From 1.0 pips | From 0.0 pips | Competitive | Similar to Standard | N/A |
| Commission Fees | None | Yes, varies | Lower than Standard | None | N/A |
| Lot Size | Standard | Micro/Standard | Standard | Standard | N/A |
| Available Trading Platforms | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4, MT5 |
| Execution Type | Market | ECN | Market | Market | N/A |
| Islamic Account Availability | No | No | No | Yes | N/A |
| Swap-Free Options | No | No | No | Yes | N/A |
| Demo Account Features | No | No | No | No | Virtual balance for practice |
Standard Account:
Easy to open and manage
No commission fees
Good for beginners
ECN Account:
Tight spreads
Direct market access
Suitable for high-frequency trading
Pro Account:
Lower trading costs
Advanced trading tools
Ideal for professional traders
Islamic Account:
Complies with Islamic finance principles
No swap fees
Demo Account:
Risk-free trading environment
Ideal for practice and strategy testing
Standard Account:
Higher spreads compared to ECN
Limited advanced features
ECN Account:
Minimum deposit may be high for beginners
Commission fees can add to trading costs
Pro Account:
Higher minimum deposit
More complex trading environment
Islamic Account:
Limited to Muslim traders
May have fewer features compared to Standard
Demo Account:
Limited duration (usually 30-90 days)
No real money trading experience
Eligibility Criteria:
Age Requirements: Must be at least 18 years old.
Geographic Restrictions: Available in most countries, but may be restricted in certain regions.
Prohibited Countries: Specific countries may be restricted based on local regulations.
Identity Verification Documents Needed:
Government-issued ID (passport, national ID)
Proof of residence (utility bill, bank statement)
Additional Documentation for Professional Accounts:
Financial statements
Proof of trading experience
KYC/AML Compliance Procedures:
All clients must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
Verification Time Frames:
Account verification typically takes 24-48 hours, depending on the completeness of submitted documents.
Issue: Document upload fails.
Solution: Ensure documents are clear and in the correct format (PDF, JPG).
Issue: Verification delays.
Solution: Contact customer support for assistance.
Demo Account Features and Benefits:
Allows practice trading without financial risk.
Access to all trading instruments available in live accounts.
How to Open a Demo Account:
Follow the same registration process as for a live account but select the demo option.
Demo Account Limitations:
Limited duration (usually 30-90 days).
Virtual funds only, no real trading experience.
Virtual Balance Amount:
Typically set at $10,000 or similar for practice.
Demo vs Live Account Differences:
Demo accounts use virtual money, while live accounts require real funds.
Duration/Expiry of Demo Accounts:
Usually expires after 30-90 days of inactivity.
Swap-Free/Islamic Account Availability:
Yes, fx one offers an Islamic account option.
Eligibility Requirements:
Must be a practicing Muslim adhering to Islamic finance principles.
Differences from Standard Accounts:
No swap fees applied to overnight positions.
How to Apply for Islamic Account:
Select the Islamic account option during the registration process.
Restrictions or Special Conditions:
Must comply with Sharia law; trading strategies must not involve interest.
Explore broker markets account types: forex/trading accounts with demo access.