HIBT broker Accounts

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

hibt Account Types Explained

HIBT offers various account types tailored to meet the needs of different traders, from beginners to advanced users. Below is a detailed overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Basic trading tools, access to all trading instruments.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, cryptocurrencies, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Tight spreads from 0.1 pips; commission of $5 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, faster execution.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, cryptocurrencies, commodities, indices.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; commission of $3 per lot.
• Leverage Options: Up to 1:400.
• Key Features: Advanced trading tools, priority customer support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, cryptocurrencies, commodities, indices.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to the Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Swap-free trading to comply with Islamic finance principles.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, cryptocurrencies, commodities, indices.

5. Demo Account

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

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed hibt Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• Suitable for beginners.

• ECN Account:

• Tight spreads and fast execution.

• Ideal for scalping strategies.

• Pro Account:

• Advanced trading tools and lower commissions.

• Suitable for high-volume traders.

• Islamic Account:

• Complies with Islamic finance principles.

• No swap fees.

• Demo Account:

• Risk-free environment for practice.

• Access to all trading instruments.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• ECN Account:

• Higher minimum deposit required.

• Commission fees can add up.

• Pro Account:

• High minimum deposit.

• May not be suitable for casual traders.

• Islamic Account:

• Limited to Muslim traders.

• Demo Account:

• No real profits can be made.

• Limited duration for practice.

hibt Account Registration Requirements

Eligibility Criteria

• Age Requirements: Minimum age of 18 years.
• Geographic Restrictions: Available in most countries but may be restricted in certain jurisdictions.
• Prohibited Countries: Specific countries may be restricted; check HIBT's terms for details.
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license).
• Proof of residence (utility bill or bank statement).
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• Users must complete KYC (Know Your Customer) verification by submitting the required documents.
• AML (Anti-Money Laundering) checks are performed to ensure compliance with regulations.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the volume of applications.

Step-by-Step hibt Account Opening Guide

Registration Process

1. Visit Website: Go to the official HIBT website.
2. Click Registration: Click on the "Sign Up" 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, or Demo).
5. Set Trading Preferences: Indicate your trading preferences and leverage options.
6. Document Upload: Upload the required identification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds 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 platforms, but mobile users may have a more streamlined experience.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and meet the required format.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes between 1-3 business days.

How to Upgrade/Downgrade Account Types

• Users can request to change their account type through the account settings or by contacting customer support.

hibt Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies.
• Access to all trading instruments available on live accounts.

How to Open a Demo Account

• Follow the same registration process but select "Demo Account" as the account type.

Demo Account Limitations

• Virtual balance may be limited.
• No real profits can be made.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.

Duration/Expiry of Demo Accounts

• Demo accounts may expire after a certain period, typically 30 days, but can be renewed.

hibt Islamic Account Details

Swap-Free/Islamic Account Availability

• HIBT offers Islamic accounts that comply with Sharia law, allowing for trading without swap fees.

Eligibility Requirements

• Must be a Muslim trader to qualify for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for long-term trading.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions; check with HIBT for details.

FAQs – hibt Account Types & Opening

1. What account types does hibt offer？

• Hibt 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 hibt account verification take？

• Verification typically takes 1-3 business days.

1. Does hibt offer demo accounts？

• Yes, Hibt offers demo accounts for practice trading.

1. Can I have multiple account types with hibt？

• Yes, users can have multiple account types.

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

• Yes, Hibt provides Islamic accounts that are swap-free.

1. What documents do I need to open a hibt 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 change your account type through customer support.