heartbeat Account Types & Opening Guide 2025: Complete Comparison and Registration Steps
Part 1: heartbeat Account Types Overview
heartbeat Account Types Explained
Heartbeat offers several account types tailored to different trading needs and experiences. Below is a comprehensive overview of each account type available on the platform:
Recommended account types by trader level
- Beginner: Standard Account
- Intermediate: ECN Account
- Advanced/Institutional: Pro Account
- Muslim Traders: Islamic Account
- Practice: Demo Account
Part 2: heartbeat Account Features Comparison
Detailed heartbeat Account Features
The following table compares key features across different heartbeat account types:
Advantages of each account type
- Standard Account:
- Low minimum deposit
- No commission fees
- Suitable for beginners
- ECN Account:
- Low spreads
- Direct market access
- Faster execution
- Pro Account:
- Tight spreads
- Advanced trading tools
- Suitable for institutional traders
- Islamic Account:
- Compliant with Sharia law
- No swap fees
- Demo Account:
- Risk-free trading environment
- Access to all trading instruments
Disadvantages of each account type
- Standard Account:
- Limited advanced features
- ECN Account:
- Higher minimum deposit
- Commission fees apply
- Pro Account:
- Higher minimum deposit
- More complex for beginners
- Islamic Account:
- Limited availability for non-Muslim traders
- Demo Account:
- No real money trading
Part 3: heartbeat Account Opening Requirements
heartbeat Account Registration Requirements
To open a heartbeat account, users must meet the following eligibility criteria:
- Age Requirements: Must be at least 18 years old.
- Geographic Restrictions: Specific countries may be restricted based on regulatory compliance.
- Prohibited Countries: Users from certain jurisdictions may not be allowed to open accounts (specific countries not listed).
- Identity Verification Documents Needed:
- Government-issued ID (passport or driver's license)
- Proof of address (utility bill or bank statement)
- Proof of Residence Requirements: Must provide a document that clearly shows the user's name and address.
- Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.
KYC/AML Compliance Procedures
- Users must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks, which include verifying identity and residence.
Verification Time Frames
- Account verification typically takes 1-3 business days, depending on the completeness of the submitted documents.
Part 4: heartbeat Account Opening Process
Step-by-Step heartbeat Account Opening Guide
- Visit Website and Click Registration: Go to the heartbeat website and click on the registration button.
- Personal Information Entry: Fill in personal details such as name, email, and phone number.
- Choose Account Type: Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).
- Set Trading Preferences: Indicate trading preferences and risk tolerance.
- Document Upload: Upload required identity verification documents.
- Account Verification: Wait for the verification process to complete.
- Fund Your Account: Deposit the minimum required amount to start trading.
- 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, but the mobile interface may have simplified steps.
Common Registration Issues and Solutions
- Issue: Document upload fails.
- Solution: Ensure documents are in the correct format and within size limits.
- 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 account settings or by contacting customer support.
heartbeat Demo Account Guide
-
Demo Account Features and Benefits:
Access to all trading instruments.
Practice trading strategies without financial risk.
Simulated trading environment with real market conditions.
How to Open a Demo Account:
Follow the same registration steps but select the Demo Account option.
Demo Account Limitations:
Limited to virtual funds and does not allow real money trading.
Virtual Balance Amount:
Typically starts with a virtual balance of $10,000.
Demo vs Live Account Differences:
Demo accounts simulate trading without risk, while live accounts involve real money and market conditions.
Duration/Expiry of Demo Accounts:
Demo accounts may expire after a certain period, often 30 days, but can be renewed.
Part 6: heartbeat Islamic Account (if available)
heartbeat Islamic Account Details
-
Swap-free/Islamic Account Availability:
Yes, heartbeat offers an Islamic account option.
Eligibility Requirements:
Must be a Muslim trader seeking compliance with Sharia law.
Differences from Standard Accounts:
Islamic accounts do not incur swap fees.
How to Apply for Islamic Account:
Select the Islamic account option during the registration process and provide necessary documentation.
Restrictions or Special Conditions:
Must adhere to the principles of Islamic finance.
FAQs – heartbeat Account Types & Opening
- What account types does heartbeat offer?
- Heartbeat offers Standard, ECN, Pro, Islamic, and Demo accounts.
- What is the minimum deposit for each account type?
- Standard: $100, ECN: $500, Pro: $1,000, Islamic: $100, Demo: N/A.
- How long does heartbeat account verification take?
- Account verification typically takes 1-3 business days.
- Does heartbeat offer demo accounts?
- Yes, heartbeat offers a demo account for practice trading.
- Can I have multiple account types with heartbeat?
- Yes, users can have multiple account types, subject to the platform's policies.
- Does heartbeat offer Islamic/swap-free accounts?
- Yes, heartbeat offers Islamic accounts that are compliant with Sharia law.
- What documents do I need to open a heartbeat account?
- A government-issued ID and proof of residence are required.
- Can I change my account type after registration?
- Yes, users can request to upgrade or downgrade their account type through account settings or customer support.
HEARTBEAT accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .