HELLENIC AMERICAN broker Accounts

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

Part 1: hellenic american Account Types Overview

hellenic american Account Types Explained

Hellenic American offers several account types tailored to different trading needs and user profiles. Below is an overview of the available account types:

Recommended account types by trader level

• Beginners: Standard Account
• Intermediate: ECN Account
• Advanced: Pro Account
• Muslim Traders: Islamic Account
• All Levels: Demo Account

Part 2: hellenic american Account Features Comparison

Detailed hellenic american Account Features

The following table compares the features across different account types:

Advantages of each account type

• Standard Account: Easy to use, suitable for beginners, educational resources available.
• ECN Account: Direct market access, lower trading costs, suitable for high-frequency trading.
• Pro Account: Advanced trading tools, lower commission, dedicated support.
• Islamic Account: Compliant with Sharia law, no swap fees.
• Demo Account: Risk-free trading, practice strategies, no financial commitment.

Disadvantages of each account type

• Standard Account: Higher spreads compared to ECN and Pro accounts.
• ECN Account: Higher minimum deposit requirement.
• Pro Account: Requires significant capital to start.
• Islamic Account: Limited to certain trading instruments.
• Demo Account: Limited duration and virtual funds.

Part 3: hellenic american Account Opening Requirements

hellenic american Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents and non-residents, but specific countries may be restricted.
• Prohibited Countries: Certain jurisdictions may be excluded based on regulatory compliance.
• Identity Verification Documents Needed: Valid passport, national ID, or driver's license.
• Proof of Residence Requirements: Utility bill, bank statement, or lease agreement showing current address.
• Additional Documentation for Professional Accounts: Business registration documents, proof of business activities, and financial statements.

KYC/AML Compliance Procedures

Hellenic American adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to provide necessary documentation for identity verification.

Verification Time Frames

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

Part 4: hellenic american Account Opening Process

Step-by-Step hellenic american Account Opening Guide

1. Visit Website and Click Registration: Go to the official Hellenic American website and select the account type you wish to open.
2. Personal Information Entry: Fill in personal details including name, email, and phone number.
3. Choose Account Type: Select the desired account type from the options available.
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload required identity verification documents and proof of residence.
6. Account Verification: Wait for the account to be verified by the Hellenic American team.
7. Fund Your Account: Once verified, deposit the minimum required amount to activate 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, though mobile users may experience a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document rejection due to poor quality.
• Solution: Ensure all documents are clear and legible before uploading.
• Issue: Delays in account verification.
• Solution: Contact customer support for updates on the verification process.

Average Account Approval Time

Typically, account approval takes 1 to 3 business days, depending on the completeness of the application.

How to Upgrade/Downgrade Account Types

Clients can request to change their account type by contacting customer support and providing the necessary documentation for the new account type.

Part 5: hellenic american Demo Account Information

hellenic american Demo Account Guide

Demo Account Features and Benefits

• Allows users to practice trading strategies without financial risk.
• Access to the same trading platforms and instruments as live accounts.
• Ideal for beginners to familiarize themselves with the trading environment.

How to Open a Demo Account

Visit the Hellenic American website, select the demo account option, and complete the registration form.

Demo Account Limitations

Demo accounts may have a limited duration and virtual balance, typically set at €10,000.

Virtual Balance Amount

The virtual balance for demo accounts is usually €10,000, allowing users to simulate trading without real money.

Demo vs Live Account Differences

Demo accounts do not involve real financial transactions, while live accounts require actual capital and involve real market risks.

Duration/Expiry of Demo Accounts

Demo accounts typically remain active for 30 days, after which they may expire unless renewed.

Part 6: hellenic american Islamic Account Details

hellenic american Islamic Account Details

Swap-Free/Islamic Account Availability

Hellenic American offers an Islamic account option that complies with Sharia law, providing a swap-free trading experience.

Eligibility Requirements

Clients must declare their intention to open an Islamic account and provide necessary documentation to verify their eligibility.

Differences from Standard Accounts

Islamic accounts do not incur swap fees, making them suitable for Muslim traders who wish to avoid interest-based transactions.

How to Apply for Islamic Account

Clients can apply for an Islamic account during the registration process by selecting the Islamic account option.

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions and restrictions on certain instruments, which clients should review before applying.

FAQs – hellenic american Account Types & Opening

1. What account types does hellenic american offer？

• Hellenic American offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: €250, ECN: €1,000, Pro: €5,000, Islamic: €1,000.

1. How long does hellenic american account verification take？

• Verification typically takes 1 to 3 business days.

1. Does hellenic american offer demo accounts？

• Yes, Hellenic American offers demo accounts for practice trading.

1. Can I have multiple account types with hellenic american？

• Yes, clients can hold multiple account types.

1. Does hellenic american offer Islamic/swap-free accounts？

• Yes, an Islamic account option is available.

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

• Valid ID, proof of residence, and additional documentation for professional accounts.

1. Can I change my account type after registration？

• Yes, clients can request to change their account type through customer support.