HOWA broker Accounts

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

Part 1: howa Account Types Overview

howa Account Types Explained

Howa offers several account types tailored to different trading styles and user needs. Below is a breakdown of the available account types:

Recommended account types by trader level

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

Part 2: howa Account Features Comparison

Detailed howa Account Features

The following table compares features across different howa account types:

Advantages of each account type

• Standard Account:
• User-friendly interface
• Low minimum deposit
• Access to a variety of trading instruments
• ECN Account:
• Direct market access
• Low spreads
• Ideal for scalping
• Pro Account:
• Advanced trading tools
• Tight spreads
• Priority customer support
• Islamic Account:
• Compliance with Islamic finance principles
• No swap fees
• 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 and Pro accounts
• ECN Account:
• Requires a higher minimum deposit
• Commission fees may apply
• Pro Account:
• Highest minimum deposit requirement
• More suited for experienced traders
• Islamic Account:
• Limited to specific trading instruments
• Demo Account:
• Limited duration and virtual funds

Part 3: howa Account Opening Requirements

howa Account Registration Requirements

Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Availability may vary by country; check local regulations.
• Prohibited Countries: Certain jurisdictions may be restricted; consult howa's website for a full list.
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Recent documents showing your name and address.
• Additional Documentation for Professional Accounts: Financial statements or proof of trading experience may be required.

KYC/AML Compliance Procedures

• All users must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks during registration.

Verification Time Frames

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

Part 4: howa Account Opening Process

Step-by-Step howa Account Opening Guide

1. Visit Website and Click Registration: Navigate to the howa website and select the registration option.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the desired account type from the available options.
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the howa team to verify your documents.
7. Fund Your Account: Once verified, deposit funds into your account as per the minimum deposit requirement.
8. Start Trading: Access your account and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, although 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 (PDF, JPG).
• Issue: Delayed verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes 1 to 3 business days.

How to Upgrade/Downgrade Account Types

• Users can request an upgrade or downgrade through their account management section or by contacting customer support.

Part 5: howa Demo Account Information

howa Demo Account Guide

Demo Account Features and Benefits

• Offers a risk-free environment to practice trading.
• Access to all trading instruments available in live accounts.
• Allows traders to test strategies without financial risk.

How to Open a Demo Account

• Visit the howa website and select the demo account option. Fill in the required details and submit.

Demo Account Limitations

• Limited duration, typically 30 to 90 days.
• Virtual funds may be capped at a specific amount.

Virtual Balance Amount

• The demo account usually provides a virtual balance of $10,000 or more.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money trading.
• Demo accounts may have limited features compared to live accounts.

Duration/Expiry of Demo Accounts

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

Part 6: howa Islamic Account Details

howa Islamic Account Details

Swap-Free/Islamic Account Availability

• The Islamic account is available for traders who adhere to Islamic finance principles.

Eligibility Requirements

• Must provide documentation confirming adherence to Islamic finance principles.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them compliant with Sharia law.

How to Apply for Islamic Account

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

Restrictions or Special Conditions

• Limited to specific trading instruments; check with howa for details.

FAQs – howa Account Types & Opening

1. What account types does howa offer？

• Howa 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: $0.

1. How long does howa account verification take？

• Verification typically takes 1 to 3 business days.

1. Does howa offer demo accounts？

• Yes, howa offers demo accounts for practice trading.

1. Can I have multiple account types with howa？

• Yes, users can hold multiple account types.

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

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

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