Horizon broker Accounts

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

horizon Account Types Explained

Horizon offers a variety of account types tailored to meet the needs of different traders, from beginners to seasoned professionals. Below is a detailed overview of the available account types, including their features, requirements, and target user profiles.

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:500
• Key Features: No commission on trades, access to all trading instruments, and educational resources.
• Target User Profile: Beginners and intermediate traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

2. ECN Account

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

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips with lower commissions than the ECN account.
• Leverage Options: Up to 1:400
• Key Features: Tailored for high-volume traders with lower trading costs.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account but swap-free.
• Leverage Options: Up to 1:500
• Key Features: Complies with Sharia law, no swap fees.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically $10,000)
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Same as Standard Account.
• Key Features: Risk-free trading environment to practice strategies.
• Target User Profile: Beginners and traders testing new strategies.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed horizon Account Features

Feature Comparison Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• No commission fees.

• High leverage options.

• Suitable for beginners.

• ECN Account:

• Direct market access.

• Lower spreads.

• Ideal for scalpers.

• Pro Account:

• Tailored for high-volume trading.

• Competitive commission structure.

• Access to advanced trading tools.

• Islamic Account:

• Compliant with Sharia law.

• No swap fees.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Ideal for practice and strategy testing.

• 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 requirement.

• Commission fees may add up for frequent traders.

• Pro Account:

• Requires a higher initial investment.

• Not suitable for casual traders.

• Islamic Account:

• Limited availability of certain features.

• May have restrictions on trading strategies.

• Demo Account:

• Virtual funds may not reflect real market conditions.

• Limited duration for practice trading.

horizon Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries, but may exclude certain jurisdictions.
• Prohibited Countries: Specific countries may be restricted due to regulatory compliance (details may vary).
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license).
• Proof of address (utility bill or bank statement).
• Proof of Residence Requirements: Must provide a document showing the current residential address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks as part of the registration process.
• Verification of identity and address is mandatory.

Verification Time Frames

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

Step-by-Step horizon Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Navigate to the official Horizon website and click on the "Open Account" 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 from the options available.
4. Set Trading Preferences: Specify trading preferences, including leverage and account currency.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for the verification team to review submitted documents.
7. Fund Your Account: Once verified, fund your account using available payment methods.
8. 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 in the correct format and within size limits.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes 1-3 business days, depending on the volume of applications.

How to Upgrade/Downgrade Account Types

• Users can request to upgrade or downgrade their account type through the customer support portal or account management section.

horizon Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies.
• Access to real-time market data and trading tools.
• Allows traders to familiarize themselves with the trading platform.

How to Open a Demo Account

• Visit the Horizon website and select the demo account option.
• Fill in the required information and create a virtual trading account.

Demo Account Limitations

• Limited duration, typically expiring after 30-90 days.
• Virtual balance may not reflect real market conditions.

Virtual Balance Amount

• Commonly set at $10,000 for practice trading.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Live accounts incur real trading costs, including spreads and commissions.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30-90 days of inactivity.

horizon Islamic Account Details

Swap-Free/Islamic Account Availability

• Horizon offers Islamic accounts that comply with Sharia law, ensuring no swap fees are charged.

Eligibility Requirements

• Must be a Muslim trader seeking compliant trading options.

Differences from Standard Accounts

• Islamic accounts are swap-free and may have different trading conditions.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process and provide necessary documentation.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions, including limitations on certain instruments.

FAQs – horizon Account Types & Opening

1. What account types does horizon offer？

• Horizon 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 balance.

1. How long does horizon account verification take？

• Verification typically takes 1-3 business days.

1. Does horizon offer demo accounts？

• Yes, Horizon offers demo accounts for practice trading.

1. Can I have multiple account types with horizon？

• Yes, traders can open multiple account types based on their needs.

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

• Yes, Horizon provides Islamic accounts that are compliant with Sharia law.

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