Highmax broker Accounts

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

Part 1: highmax Account Types Overview

highmax Account Types Explained

highmax offers several account types tailored to meet the diverse needs of traders. Below is a detailed overview of each account type available:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:500
• Key Features: Basic trading tools, access to major currency pairs
• Target User Profile: Beginner to intermediate traders
• Trading Instruments Available: Forex, commodities, indices

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads from 0.0 pips with a commission of $3 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution speeds
• Target User Profile: Advanced traders and scalpers
• Trading Instruments Available: Forex, commodities, cryptocurrencies

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads starting from 1.0 pip
• Leverage Options: Up to 1:300
• Key Features: Advanced trading tools, priority customer support
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, indices, stocks

4. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, depending on the chosen structure
• Leverage Options: Up to 1:200
• Key Features: Swap-free trading options
• Target User Profile: Muslim traders adhering to Sharia law
• Trading Instruments Available: Forex, commodities, indices

5. Demo Account

• Minimum Deposit Requirement: Virtual funds (usually $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 tools
• Target User Profile: Beginners and those testing strategies
• Trading Instruments Available: Forex, commodities, indices

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: highmax Account Features Comparison

Detailed highmax Account Features

This section provides a comparison of features across different highmax account types.

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $500

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:200

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.0 pips

• Pro: From 1.0 pip

• Islamic: Varies

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: None

• Islamic: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Standard

• Islamic: Micro, Mini, Standard

• Available Trading Platforms:

• All account types: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market/ECN

• Islamic Account Availability:

• Yes, available for Islamic Account holders.

• Swap-Free Options:

• Available for Islamic Accounts.

• Demo Account Features:

• Access to all trading tools, risk-free environment.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to major currency pairs

• ECN Account:

• Tight spreads

• Fast execution speeds

• Ideal for scalping

• Pro Account:

• Advanced trading tools

• Fixed spreads

• Priority customer support

• Islamic Account:

• Complies with Sharia law

• No swap fees

• Similar features to other accounts

• Demo Account:

• Risk-free trading

• Practice strategies

• Access to all features

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees apply

• Pro Account:

• Higher minimum deposit

• Limited to professional traders

• Islamic Account:

• Minimum deposit may be higher than Standard

• Limited availability of features

• Demo Account:

• Virtual funds only

• Limited duration for practice

Part 3: highmax Account Opening Requirements

highmax Account Registration Requirements

To open a highmax account, potential traders must meet the following 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 or restrictions may not be eligible.
• Identity Verification Documents Needed:
• Government-issued ID (passport or driver's license)
• Proof of residence (utility bill or bank statement)
• Proof of Residence Requirements: Must show current address matching the ID.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• Highmax adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all traders to verify their identity and address.

Verification Time Frames

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

Part 4: highmax Account Opening Process

Step-by-Step highmax Account Opening Guide

1. Visit Website and Click Registration: Navigate to the highmax website and click on the "Register" button.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type (Standard, ECN, Pro, etc.).
4. Set Trading Preferences: Indicate trading preferences, including leverage and trading instruments.
5. Document Upload: Upload required identity verification documents.
6. Account Verification: Wait for account verification to be completed.
7. Fund Your Account: Deposit the minimum required amount to start trading.
8. Start Trading: Once verified and funded, log in to your account and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, though mobile users may need to download the highmax app for account management.

Common Registration Issues and Solutions

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

Average Account Approval Time

• Most accounts are approved within 1-3 business days, depending on document verification.

How to Upgrade/Downgrade Account Types

• Traders can request to upgrade or downgrade their account type through the customer support portal after logging into their account.

Part 5: highmax Demo Account Information

highmax Demo Account Guide

• Demo Account Features and Benefits:

• Access to all trading tools without financial risk.

• Ideal for practicing strategies and familiarizing with the platform.

• How to Open a Demo Account:

• Follow the same registration process, selecting the demo option.

• Demo Account Limitations:

• Virtual funds may be limited to a specific amount (e.g., $10,000).

• Time-limited access to demo accounts (typically 30 days).

• Virtual Balance Amount:

• Usually set at $10,000 for practice purposes.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds; live accounts involve real money.

• Market conditions may vary between demo and live trading.

• Duration/Expiry of Demo Accounts:

• Demo accounts typically expire after 30 days of inactivity.

Part 6: highmax Islamic Account (if available)

highmax Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Highmax offers Islamic accounts that are compliant with Sharia law.

• Eligibility Requirements:

• Must be a practicing Muslim and provide relevant documentation if required.

• 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 or contact customer support.

• Restrictions or Special Conditions:

• Must adhere to Islamic trading principles, including no interest-based transactions.

FAQs – highmax Account Types & Opening

1. What account types does highmax offer？

• highmax 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 funds.

1. How long does highmax account verification take？

• Verification typically takes 1-3 business days.

1. Does highmax offer demo accounts？

• Yes, highmax provides demo accounts for practice trading.

1. Can I have multiple account types with highmax？

• Yes, traders can open multiple accounts as needed.

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

• Yes, highmax offers Islamic accounts that comply with Sharia law.

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