havenhold broker Accounts

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

Part 1: havenhold Account Types Explained

Available Account Types

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

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Fixed spreads starting from 1.5 pips
• Leverage Options: Up to 1:100
• Key Features: Basic trading features, suitable for beginners
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Variable spreads from 0.1 pips + $5 commission per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads
• Target User Profile: Experienced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads from 0.0 pips + $3 commission per lot
• Leverage Options: Up to 1:500
• Key Features: Advanced trading tools, priority execution
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:100
• Key Features: Swap-free trading
• Target User Profile: Traders adhering to Islamic finance principles
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically $10,000)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:100
• Key Features: Practice trading without risk
• Target User Profile: Beginners and those testing strategies
• Trading Instruments Available: Forex, commodities, indices

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account or Demo Account
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account
• Islamic Finance Traders: Islamic Account

Part 2: Detailed havenhold Account Features

Comparison of Features Across Different Account Types

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit
• Fixed spreads
• User-friendly for beginners
• Disadvantages:
• Higher spreads compared to ECN
• Limited trading tools

ECN Account

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

Pro Account

• Advantages:
• Lowest spreads
• High leverage options
• Advanced trading features
• Disadvantages:
• High minimum deposit
• Commission fees apply

Islamic Account

• Advantages:
• Swap-free trading
• Low minimum deposit
• Disadvantages:
• Limited trading features compared to Pro and ECN accounts

Demo Account

• Advantages:
• Risk-free trading
• Access to all trading instruments
• Disadvantages:
• Virtual funds only
• Limited duration (typically 30 days)

Part 3: havenhold Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries, but specific restrictions may apply.
• Prohibited Countries: Countries under international sanctions may be restricted.
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license)
• Proof of residence (utility bill or bank statement)
• Additional Documentation for Professional Accounts: Proof of trading experience or financial status may be required.

KYC/AML Compliance Procedures

• Know Your Customer (KYC): Verification of identity and address.
• Anti-Money Laundering (AML): Procedures to prevent money laundering activities.

Verification Time Frames

• Standard Verification: Typically completed within 24-48 hours.
• Extended Verification: May take longer if additional documentation is required.

Part 4: Step-by-Step havenhold Account Opening Guide

Registration Process

1. Visit the Website: Go to the havenhold official website.
2. Click Registration: Find and click the “Sign Up” or “Register” button.
3. Personal Information Entry: Fill in your personal details (name, email, phone number).
4. Choose Account Type: Select the account type you wish to open.
5. Set Trading Preferences: Specify your trading preferences (leverage, trading platform).
6. Document Upload: Upload required identity verification documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds to start trading.
9. Start Trading: Access your trading account and begin trading.

Desktop vs Mobile Registration Differences

• Desktop: Full access to all features and document uploads.
• Mobile: Simplified registration process, may have limited features.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Email verification not received.
• Solution: Check spam/junk folder or resend verification email.

Average Account Approval Time

• Typically 24-48 hours for standard accounts; may vary for professional accounts.

How to Upgrade/Downgrade Account Types

• Contact customer support or use the account management section in your dashboard to request changes.

Part 5: havenhold Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments, practice trading strategies, no risk involved.
• Benefits: Ideal for beginners to learn trading without financial risk.

How to Open a Demo Account

• Follow the same registration process as a live account but select the demo account option.

Demo Account Limitations

• Limited trading duration (typically 30 days).
• Virtual funds may not reflect real market conditions.

Virtual Balance Amount

• Typically set at $10,000 for practice purposes.

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts involve real money trading.

Duration/Expiry of Demo Accounts

• Demo accounts generally expire after 30 days but may be extended upon request.

Part 6: havenhold Islamic Account Details

Swap-Free/Islamic Account Availability

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

Eligibility Requirements

• Must adhere to Islamic finance principles.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, but other features remain similar to standard accounts.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process or contact customer support.

Restrictions or Special Conditions

• Must provide documentation confirming eligibility for Islamic account status.

FAQs – havenhold Account Types & Opening

1. What account types does havenhold offer？

• Havenhold 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: Virtual balance.

1. How long does havenhold account verification take？

• Verification typically takes 24-48 hours.

1. Does havenhold offer demo accounts？

• Yes, havenhold provides demo accounts for practice trading.

1. Can I have multiple account types with havenhold？

• Yes, you can open multiple account types.

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

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

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

• A government-issued ID and proof of residence 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.