HEP broker Accounts

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

Part 1: hep Account Types Explained

Available Account Types

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, suitable for beginners
• Target User Profile: Beginner traders
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Tight spreads from 0.0 pips, commission of $3 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, low latency
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips, commission of $2 per lot
• Leverage Options: Up to 1:400
• Key Features: Advanced trading tools, professional-grade features
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, stocks

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: Swap-free, compliant with Sharia law
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:500
• Key Features: Practice trading without risk, access to all trading instruments
• Target User Profile: Beginners and traders testing strategies
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: Detailed hep Account Features

Features Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:400

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: 1.0 pips

• ECN: 0.0 pips

• Pro: 0.5 pips

• Islamic: 1.0 pips

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Mini, Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4

• ECN: MT5

• Pro: MT4, MT5

• Islamic: MT4

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: N/A

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: N/A

• Demo Account Features:

• Virtual funds available for practice

• Access to all trading instruments

• Duration typically unlimited until account is inactive

Advantages and Disadvantages of Each Account Type

• Standard Account:

• Advantages: Low minimum deposit, user-friendly interface, no commission.

• Disadvantages: Higher spreads compared to ECN, limited advanced features.

• ECN Account:

• Advantages: Tight spreads, direct market access, suitable for scalping.

• Disadvantages: Higher minimum deposit, commission fees apply.

• Pro Account:

• Advantages: Advanced features, lower commission, suitable for professional traders.

• Disadvantages: High minimum deposit, may not be suitable for beginners.

• Islamic Account:

• Advantages: Compliant with Sharia law, no swap fees.

• Disadvantages: Limited to Muslim traders, similar features to Standard.

• Demo Account:

• Advantages: Risk-free trading, practice strategies, unlimited access until inactive.

• Disadvantages: Virtual funds may not reflect real market conditions.

Part 3: hep Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries; specific restrictions may apply.
• Prohibited Countries: Countries under international sanctions may be restricted.
• Identity Verification Documents Needed: Government-issued ID (passport or driver's license), proof of address (utility bill or bank statement).
• Proof of Residence Requirements: Recent documents showing your name and address.
• Additional Documentation for Professional Accounts: Proof of trading experience or financial background may be required.

KYC/AML Compliance Procedures

• All users must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Users may be required to submit additional documentation if requested.

Verification Time Frames

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

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

Registration Process

1. Visit Website: Go to the official hep trading platform.
2. Click Registration: Locate and click the registration button.
3. Personal Information Entry: Fill in your personal details including name, email, and phone number.
4. Choose Account Type: Select the desired account type (Standard, ECN, Pro, Islamic, Demo).
5. Set Trading Preferences: Specify your trading preferences and risk appetite.
6. Document Upload: Upload required identity verification documents.
7. Account Verification: Wait for account verification to be completed.
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

• The registration process is similar on both desktop and mobile; however, mobile may offer a more streamlined experience.

Common Registration Issues and Solutions

• Issue: Document upload fails.

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

• 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 change account types through the account management section on the platform.

Part 5: hep Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading.
• Access to all trading instruments available in live accounts.
• Ability to test trading strategies without financial risk.

How to Open a Demo Account

• Follow the same registration steps as for a live account, but select the demo account option.

Demo Account Limitations

• Virtual funds may not reflect actual trading conditions.
• Limited duration may apply if the account remains inactive for an extended period.

Virtual Balance Amount

• Typically, demo accounts are funded with a virtual balance of $10,000 or more.

Demo vs Live Account Differences

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

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active as long as there is regular usage.

Part 6: hep Islamic Account Details

Swap-Free/Islamic Account Availability

• Available for all account types, including Standard, ECN, and Pro.

Eligibility Requirements

• Must be a Muslim trader seeking compliance with Sharia law.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees for overnight positions.

How to Apply for Islamic Account

• Select the Islamic account option during registration or request it through account management.

Restrictions or Special Conditions

• Must adhere to Islamic finance principles; no interest-based transactions.

FAQs – hep Account Types & Opening

1. What account types does hep offer？

• hep 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 hep account verification take？

• Verification typically takes 1-3 business days.

1. Does hep offer demo accounts？

• Yes, hep offers demo accounts for practice trading.

1. Can I have multiple account types with hep？

• Yes, users can hold multiple account types.

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

• Yes, Islamic accounts are available for all account types.

1. What documents do I need to open a hep 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 account management.