HAILY broker Accounts

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

Part 1: haily Account Types Overview

haily Account Types Explained

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

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: Suitable for beginners; access to a wide range of trading instruments.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access; lower spreads; ideal for scalpers.
• Target User Profile: Advanced traders.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads starting from 0.5 pips; commission of $2 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Enhanced trading conditions; priority customer support.
• Target User Profile: Professional traders.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

4. Islamic Account

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

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Similar to Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading without risk; access to all trading instruments.
• Target User Profile: All trader levels.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: haily Account Features Comparison

Detailed haily Account Features

The following table summarizes the features across different haily account types:

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit.
• No commission fees.
• Suitable for beginners.
• Disadvantages:
• Higher spreads compared to ECN accounts.

ECN Account

• Advantages:
• Raw spreads.
• Direct market access.
• Suitable for scalping.
• Disadvantages:
• Higher minimum deposit.
• Commission fees apply.

Pro Account

• Advantages:
• Enhanced trading conditions.
• Lower commission fees.
• Priority support.
• Disadvantages:
• Higher minimum deposit.

Islamic Account

• Advantages:
• Compliant with Sharia law.
• No interest charges.
• Disadvantages:
• Limited availability for non-Muslim traders.

Demo Account

• Advantages:
• Risk-free trading environment.
• Access to all trading instruments.
• Disadvantages:
• Virtual funds only; no real profits.

Part 3: haily Account Opening Requirements

haily Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; specific restrictions may apply.
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license).
• Proof of address (utility bill or bank statement).
• Proof of Residence Requirements: Recent documents showing your current address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• haily adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring verification of identity and address.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the volume of applications.

Part 4: haily Account Opening Process

Step-by-Step haily Account Opening Guide

1. Visit Website and Click Registration: Go to the haily official website and select the registration option.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the account type that best suits your trading needs.
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload the required identity verification 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 approved, you can log in and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with minor interface differences.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and meet the required format.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Users can request to upgrade or downgrade their account type through the customer support portal.

Part 5: haily Demo Account Information

haily Demo Account Guide

Demo Account Features and Benefits

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

How to Open a Demo Account

• Users can select the demo account option during the registration process.

Demo Account Limitations

• The demo account is funded with virtual money and cannot be used for real trading.

Virtual Balance Amount

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

Demo vs Live Account Differences

• The demo account does not reflect real market conditions and is for practice only.

Duration/Expiry of Demo Accounts

• Demo accounts may expire after a set period, usually 30 days, but can be renewed.

Part 6: haily Islamic Account (if available)

haily Islamic Account Details

Swap-Free/Islamic Account Availability

• haily offers an Islamic account that complies with Sharia law.

Eligibility Requirements

• Must provide documentation confirming Muslim status.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them compliant with Islamic finance principles.

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 specific trading conditions compared to standard accounts.

FAQs – haily Account Types & Opening

1. What account types does haily offer？

• haily 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: $100, Demo: N/A.

1. How long does haily account verification take？

• Verification typically takes 1-3 business days.

1. Does haily offer demo accounts？

• Yes, haily provides demo accounts for practice trading.

1. Can I have multiple account types with haily？

• Yes, users can have multiple account types.

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

• Yes, haily offers Islamic accounts that are swap-free.

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

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

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.