Hmarl broker Accounts

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

Part 1: hmarl Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:500
• Key Features: Suitable for beginners, access to all trading instruments
• Target User Profile: Beginner traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. ECN Account

• Minimum Deposit: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips + $5 commission per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, suitable for scalping
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, indices

1. Pro Account

• Minimum Deposit: $1,000
• Spread/Commission Structure: Fixed spreads starting from 1.0 pip
• Leverage Options: Up to 1:400
• Key Features: Enhanced trading conditions, priority customer support
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Islamic Account

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

1. Demo Account

• Minimum Deposit: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Same as Standard Account
• Key Features: Risk-free environment to practice trading strategies
• Target User Profile: All trader levels
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginner: Standard Account
• Intermediate: ECN Account
• Advanced: Pro Account
• Muslim Traders: Islamic Account
• Practice: Demo Account

Part 2: hmarl Account Features Comparison

Detailed hmarl Account Features

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:400

• Islamic: Up to 1:500

• Spreads:

• Standard: Variable (from 1.5 pips)

• ECN: Raw (from 0.0 pips)

• Pro: Fixed (from 1.0 pip)

• Islamic: Variable (similar to Standard)

• Commission Fees:

• Standard: None

• ECN: $5 per lot

• Pro: None

• Islamic: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Mini, Standard

• Islamic: Micro, Mini, Standard

• Available Trading Platforms:

• All account types support MT4 and MT5.

• Execution Type:

• Standard: Market execution

• ECN: ECN execution

• Pro: Instant execution

• Islamic: Market execution

• Islamic Account Availability:

• Yes, available for Standard and Islamic accounts.

• Swap-Free Options:

• Available for Islamic accounts.

• Demo Account Features:

• Virtual funds, same trading conditions as Standard Account.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• Access to all trading instruments

• User-friendly for beginners

• ECN Account:

• Tight spreads

• Direct market access

• Suitable for scalping strategies

• Pro Account:

• Enhanced trading conditions

• Fixed spreads for better predictability

• Priority support

• Islamic Account:

• Complies with Islamic law

• No swap fees

• Same features as Standard Account

• Demo Account:

• Risk-free trading environment

• Practice with virtual funds

• Access to all trading instruments

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees may reduce profitability

• Pro Account:

• Higher minimum deposit

• Not suitable for beginners

• Islamic Account:

• Limited to swap-free trading

• May have fewer features compared to Pro accounts

• Demo Account:

• No real profits

• Limited duration for practice

Part 3: hmarl Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to traders in most countries; specific restrictions may apply.
• Prohibited Countries: Traders from countries with strict trading regulations may be restricted.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Must provide a document showing current address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• Completion of Know Your Customer (KYC) process is mandatory.
• Anti-Money Laundering (AML) checks are conducted during account verification.

Verification Time Frames

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

Part 4: hmarl Account Opening Process

Step-by-Step hmarl Account Opening Guide

1. Visit the Website: Navigate to the hmarl official website.
2. Click Registration: Locate and click the "Register" button.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select the desired account type from the available options.
5. Set Trading Preferences: Specify trading preferences and leverage options.
6. Document Upload: Upload required identification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit the minimum required amount to activate the account.
9. Start Trading: Once verified and funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, though the mobile interface may have a simplified layout.

Common Registration Issues and Solutions

• Issue: Document upload failures
• Solution: Ensure documents are clear and in the correct format.
• Issue: Verification delays
• Solution: Check email for additional requests from hmarl.

Average Account Approval Time

• The average time for account approval is between 1-3 business days.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of your account type.

Part 5: hmarl Demo Account Guide

Demo Account Features and Benefits

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

How to Open a Demo Account

• Follow the same registration process, selecting "Demo Account" as the account type.

Demo Account Limitations

• Virtual funds are provided, and no real profits can be earned.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $100,000.

Demo vs Live Account Differences

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

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity.

Part 6: hmarl Islamic Account Details

Swap-Free/Islamic Account Availability

• Yes, hmarl offers Islamic accounts that are swap-free.

Eligibility Requirements

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

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, aligning with Islamic law.

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 similar to Standard accounts.

FAQs – hmarl Account Types & Opening

1. What account types does hmarl offer？

• hmarl 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.

1. How long does hmarl account verification take？

• Verification typically takes 1-3 business days.

1. Does hmarl offer demo accounts？

• Yes, hmarl provides demo accounts for practice trading.

1. Can I have multiple account types with hmarl？

• Yes, traders can open multiple account types.

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

• Yes, Islamic accounts are available.

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

• A government-issued ID and proof of address 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.