FXJET broker Accounts

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

fxjet Account Types Explained

FXJET offers a variety of account types tailored to meet the needs of different traders, from beginners to experienced professionals. Below is a detailed overview of the available account types:

1. Standard Account

• Minimum Deposit: $10
• Spread/Commission Structure: Variable spreads starting from 1.3 pips, no commission.
• Leverage Options: Up to 1:1000.
• Key Features: Beginner-friendly, suitable for a wide range of trading instruments.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex pairs, indices, metals, energies, and stocks.

2. ECN Account

• Minimum Deposit: $100
• Spread/Commission Structure: Raw spreads starting from 0.0 pips, commission of $3 per side for FX pairs.
• Leverage Options: Up to 1:1000.
• Key Features: Direct market access, suitable for high-frequency trading.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex pairs, indices, metals, energies, and stocks.

3. Pro Account

• Minimum Deposit: $100
• Spread/Commission Structure: Variable spreads starting from 0.5 pips, no commission.
• Leverage Options: Up to 1:1000.
• Key Features: Designed for professional traders with a focus on high-volume trading.
• Target User Profile: Advanced traders.
• Trading Instruments Available: Forex pairs, indices, metals, energies, and stocks.

4. Mini Account

• Minimum Deposit: $5
• Spread/Commission Structure: Variable spreads starting from 10 pips, no commission.
• Leverage Options: Up to 1:1000.
• Key Features: Allows micro-lot trading, ideal for beginners.
• Target User Profile: New traders looking to minimize risk.
• Trading Instruments Available: Forex pairs, indices, metals, energies, and stocks.

5. Islamic Account

• Minimum Deposit: $100
• Spread/Commission Structure: Similar to standard accounts but swap-free.
• Leverage Options: Up to 1:1000.
• Key Features: Compliant with Islamic finance principles, no interest charges.
• Target User Profile: Muslim traders seeking Sharia-compliant trading.
• Trading Instruments Available: Forex pairs, indices, metals, energies, and stocks.

6. Demo Account

• Minimum Deposit: Virtual balance (amount varies).
• Spread/Commission Structure: Similar to live accounts.
• Leverage Options: Up to 1:1000.
• Key Features: Allows practice trading without financial risk.
• Target User Profile: Beginners and traders wanting to test strategies.
• Trading Instruments Available: Same as live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed fxjet Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account: Low minimum deposit, beginner-friendly.
• ECN Account: Tight spreads, direct market access.
• Pro Account: No commissions, suitable for high-volume trading.
• Mini Account: Very low risk, ideal for new traders.
• Islamic Account: Compliant with Islamic finance principles.
• Demo Account: Risk-free practice environment.

Disadvantages of Each Account Type

• Standard Account: Higher spreads compared to ECN.
• ECN Account: Higher minimum deposit required.
• Pro Account: May not be suitable for casual traders due to high volume focus.
• Mini Account: Limited features compared to other accounts.
• Islamic Account: Limited availability for non-Muslim traders.
• Demo Account: No real financial gains, limited duration.

fxjet Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: FXJET may have limitations based on the trader's country of residence.
• Prohibited Countries: Specific countries may be restricted; check FXJET's terms.
• Identity Verification Documents Needed:
• Government-issued photo ID (passport, driver's license).
• Proof of Residence Requirements:
• Utility bill, bank statement, or government document showing your name and address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

FXJET adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring verification of identity and residence to prevent fraud.

Verification Time Frames

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

Step-by-Step fxjet Account Opening Guide

Detailed Step-by-Step Registration Process

1. Visit Website and Click Registration: Go to the official FXJET website and click on the registration link.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the account type that suits your trading needs.
4. Set Trading Preferences: Indicate your preferred trading settings and leverage.
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: Once verified, deposit funds into your account.
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 platforms, although the mobile interface may have a more streamlined layout.

Common Registration Issues and Solutions

• Document Rejection: Ensure documents are clear and meet the specified requirements.
• Verification Delays: Check for any missing information or documents.

Average Account Approval Time

Typically, account approval takes between 1-3 business days.

How to Upgrade/Downgrade Account Types

Traders can request to change their account type through the FXJET customer support portal after logging into their account.

fxjet Demo Account Guide

Demo Account Features and Benefits

• Practice Trading: Allows users to trade without financial risk.
• Access to Trading Tools: Use all trading tools available in live accounts.
• Real Market Conditions: Simulates real market conditions for effective practice.

How to Open a Demo Account

1. Visit the FXJET website.
2. Select the demo account option.
3. Fill in the required information to create a demo account.

Demo Account Limitations

• Virtual Balance Amount: Typically set to a predefined amount (e.g., $10,000).
• Duration/Expiry of Demo Accounts: Demo accounts may expire after a certain period, often 30 days.

Virtual Balance Amount

The virtual balance is usually set to allow for realistic trading practice.

Demo vs Live Account Differences

• Financial Risk: Demo accounts do not involve real money, while live accounts do.
• Emotional Factors: Trading with real money introduces emotional elements not present in demo trading.

fxjet Islamic Account Details

Swap-Free/Islamic Account Availability

FXJET offers Islamic accounts that comply with Sharia law, ensuring no interest is charged on trades.

Eligibility Requirements

Traders must declare their need for an Islamic account during the registration process.

Differences from Standard Accounts

Islamic accounts do not incur swap fees, making them suitable for Muslim traders.

How to Apply for Islamic Account

Select the Islamic account option during the account registration process.

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions; traders should consult FXJETs terms for details.

FAQs – fxjet Account Types & Opening

1. What account types does fxjet offer？

• FXJET offers Standard, ECN, Pro, Mini, Islamic, and Demo accounts.

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

• Standard: $10, ECN: $100, Pro: $100, Mini: $5, Islamic: $100, Demo: Virtual balance.

1. How long does fxjet account verification take？

• Verification typically takes 1-3 business days.

1. Does fxjet offer demo accounts？

• Yes, FXJET offers demo accounts for practice trading.

1. Can I have multiple account types with fxjet？

• Yes, traders can open multiple live and demo accounts.

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

• Yes, FXJET provides Islamic accounts that are compliant with Sharia law.

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

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

1. Can I change my account type after registration？

• Yes, account types can be changed by requesting through customer support.