HAWK broker Accounts

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

hawk Account Types Explained

Hawk offers various account types tailored to meet the needs of different traders. Below is an overview of the available account types, including their features, requirements, and target user profiles.

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: User-friendly interface, access to basic trading tools, suitable for beginners.
• Target User Profile: Beginners and casual 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 high-frequency trading.
• Target User Profile: Advanced and professional traders.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Competitive 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, advanced trading tools.
• Target User Profile: Experienced traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, stocks.

4. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, but swap-free.
• Leverage Options: Up to 1:200.
• Key Features: Complies with Sharia law, no swap fees.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically $10,000).
• Spread/Commission Structure: Same as Standard account.
• Leverage Options: Same as Standard account.
• Key Features: Risk-free trading environment, access to all trading instruments.
• Target User Profile: Beginners and traders looking to practice strategies.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account, Demo Account
• Intermediate: Pro Account
• Advanced: ECN Account

Detailed hawk Account Features

Feature Comparison Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• User-friendly for beginners.

• No commission fees.

• ECN Account:

• Direct market access.

• Lower spreads for high-frequency trading.

• Ideal for scalping strategies.

• Pro Account:

• Enhanced trading conditions.

• Priority support for traders.

• Access to advanced trading tools.

• Islamic Account:

• Complies with Sharia law.

• No swap fees.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Practice strategies without financial risk.

• Access to all trading instruments.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• Limited features for advanced traders.

• ECN Account:

• Higher minimum deposit required.

• Commission fees can add up for frequent traders.

• Pro Account:

• Higher minimum deposit.

• May not be suitable for beginners.

• Islamic Account:

• Limited availability of certain trading instruments.

• May have restrictions on trading strategies.

• Demo Account:

• Virtual balance may not reflect real trading conditions.

• Limited duration compared to live accounts.

hawk Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; however, specific regions may be restricted.
• Prohibited Countries: Countries under international sanctions may not be eligible.
• Identity Verification Documents Needed: Government-issued ID (passport or drivers license).
• Proof of Residence Requirements: Utility bill or bank statement showing your name and address.
• 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 through submitted documents.
• Anti-Money Laundering (AML): Monitoring of transactions to prevent illegal activities.

Verification Time Frames

• Standard Verification: Typically takes 1-3 business days.
• Extended Verification: May take longer if additional documentation is required.

Step-by-Step hawk Account Opening Guide

Detailed Registration Process

1. Visit Website: Go to the official hawk website.
2. Click Registration: Find and click on the registration button.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select the desired account type (Standard, ECN, etc.).
5. Set Trading Preferences: Specify trading preferences and leverage settings.
6. Document Upload: Upload required identification and proof of residence.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit the minimum required amount to start trading.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• Desktop Registration: Typically involves more detailed forms and document uploads.
• Mobile Registration: May offer a simplified process with fewer steps.

Common Registration Issues and Solutions

• Issue: Document upload fails.

• Solution: Ensure documents are clear and in the correct format (PDF, JPEG).

• Issue: Verification takes longer than expected.

• Solution: Contact customer support for updates on the verification status.

Average Account Approval Time

• Most accounts are approved within 1-3 business days, depending on the completeness of the submitted documents.

How to Upgrade/Downgrade Account Types

• Upgrade: Contact customer support to discuss upgrading your account type.
• Downgrade: Request a downgrade through the account management section on the website.

hawk Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments, risk-free environment, and practice trading strategies.
• 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

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

Virtual Balance Amount

• The virtual balance allows traders to simulate trading without real financial implications.

Demo vs Live Account Differences

• Demo Account: No real money involved, limited duration, and may not reflect market conditions.
• Live Account: Real money trading, access to all features, and potential for real profits or losses.

hawk Islamic Account Details

Swap-Free/Islamic Account Availability

• Availability: Yes, hawk offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Must provide documentation confirming the need for a swap-free account.

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 and provide necessary documentation.

Restrictions or Special Conditions

• May have limitations on specific trading strategies or instruments.

FAQs – hawk Account Types & Opening

1. What account types does hawk offer？

• Hawk 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: $500, Demo: Virtual balance.

1. How long does hawk account verification take？

• Verification typically takes 1-3 business days.

1. Does hawk offer demo accounts？

• Yes, hawk offers demo accounts for practice trading.

1. Can I have multiple account types with hawk？

• Yes, traders can hold multiple account types.

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

• Yes, hawk provides Islamic accounts that comply with Sharia law.

1. What documents do I need to open a hawk 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.