HONGDA broker Accounts

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

Part 1: hongda 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: Suitable for beginners; access to all trading instruments.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex, commodities, indices.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access; lower spreads; suitable for high-frequency trading.
• Target User Profile: Advanced traders.
• Trading Instruments Available: Forex, commodities, indices.

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 1:300.
• Key Features: Enhanced trading conditions; suitable for professional traders.
• Target User Profile: Institutional and professional traders.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account; no swaps.
• Leverage Options: Up to 1:500.
• Key Features: Swap-free account; compliant with Sharia law.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000).
• 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: All levels of traders.
• Trading Instruments Available: Forex, commodities, indices.

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: hongda Account Features Comparison

Detailed hongda Account Features

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: From 0.5 pips

• Islamic: Same as Standard

• 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: Micro, Mini, Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• All account types: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability: Yes, for Islamic Account.

• Swap-Free Options: Available for Islamic Account.

• Demo Account Features:

• Virtual balance for practice.

• Access to all trading instruments.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• Suitable for beginners.

• ECN Account:

• Raw spreads.

• Direct market access.

• Ideal for scalping.

• Pro Account:

• Lower commission fees.

• Enhanced trading conditions.

• Suitable for professional traders.

• Islamic Account:

• Compliant with Sharia law.

• No swap fees.

• Demo Account:

• Risk-free trading.

• Practice trading strategies.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• ECN Account:

• Requires higher minimum deposit.

• Commission fees apply.

• Pro Account:

• Higher minimum deposit than Standard.

• Commission fees apply.

• Islamic Account:

• Limited to Muslim traders only.

• Demo Account:

• Limited duration.

• No real profits.

Part 3: hongda Account Registration Requirements

hongda Account Registration Requirements

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.

• Geographic Restrictions: Available to most countries; specific restrictions may apply.

• Prohibited Countries: Not specified in the sources.

• Identity Verification Documents Needed:

• Valid government-issued ID (passport or national ID).

• Proof of address (utility bill or bank statement).

• Proof of Residence Requirements:

• Recent utility bill or bank statement showing the applicant's name and address.

• Additional Documentation for Professional Accounts:

• Business registration documents (if applicable).

• KYC/AML Compliance Procedures:

• Complete identity verification.

• Submit required documents for review.

• Verification Time Frames:

• Typically takes 1-3 business days for account verification.

Part 4: hongda Account Opening Process

Step-by-Step hongda Account Opening Guide

1. Visit Website and Click Registration: Navigate to the hongda website and find the registration 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, Islamic, or Demo).
4. Set Trading Preferences: Specify trading preferences and leverage options.
5. Document Upload: Upload required identity verification documents.
6. Account Verification: Wait for the verification process to be completed.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once verified and funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile registration may have simplified steps.

Common Registration Issues and Solutions

• Issue: Document rejection.
• Solution: Ensure documents are clear and meet requirements.
• Issue: Delayed verification.
• Solution: Contact customer support for updates.

Average Account Approval Time

• Typically 1-3 business days.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an account type change.

Part 5: hongda Demo Account Information

hongda Demo Account Guide

• Demo Account Features and Benefits:

• Practice trading strategies without risk.

• Access to all trading instruments.

• How to Open a Demo Account:

• Follow the registration process and select the demo account option.

• Demo Account Limitations:

• Limited duration (typically 30 days).

• Virtual Balance Amount:

• Usually set at $10,000 for practice.

• Demo vs Live Account Differences:

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

• Duration/Expiry of Demo Accounts:

• Typically expires after 30 days of inactivity.

Part 6: hongda Islamic Account Details

hongda Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, available for Muslim traders.
• Eligibility Requirements: Must be a Muslim trader.
• Differences from Standard Accounts: No swap fees applied.
• How to Apply for Islamic Account: Select the Islamic account option during registration.
• Restrictions or Special Conditions: Must comply with Islamic finance principles.

FAQs – hongda Account Types & Opening

1. What account types does hongda offer？

• hongda 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: Virtual funds.

1. How long does hongda account verification take？

• Verification typically takes 1-3 business days.

1. Does hongda offer demo accounts？

• Yes, hongda offers demo accounts for practice trading.

1. Can I have multiple account types with hongda？

• Yes, you can have multiple account types.

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

• Yes, hongda offers Islamic accounts.

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

• A valid ID and proof of address are required.

1. Can I change my account type after registration？

• Yes, you can request to change your account type through customer support.