Hunch broker Accounts

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

hunch Account Types Explained

Hunch offers a variety of account types tailored to different trading needs and preferences. Below is an overview of the available account types, their features, and target user profiles.

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips, no commission.
• Leverage Options: Up to 1:500.
• Key Features: User-friendly interface, access to all trading instruments, suitable for beginners.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Tight spreads starting from 0.1 pips, commission of $5 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, ideal for high-frequency trading.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips, commission of $3 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Enhanced trading conditions, priority customer support.
• 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, no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law, no interest fees.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Similar to Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading with virtual funds, access to all trading instruments.
• Target User Profile: Beginners wanting to practice trading strategies without risk.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed hunch Account Features

Feature Comparison Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• User-friendly for beginners.

• No commission fees.

• Access to a wide range of instruments.

• ECN Account:

• Tight spreads for cost-effective trading.

• Direct market access for better execution.

• Ideal for scalping and high-frequency trading.

• Pro Account:

• Enhanced trading conditions and support.

• Lower commission fees for high-volume traders.

• Access to advanced trading tools.

• Islamic Account:

• Complies with Sharia law.

• No swap fees, making it suitable for Muslim traders.

• Demo Account:

• Risk-free environment to practice trading.

• Access to all trading instruments.

• Ideal for testing strategies before going live.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• Limited features for advanced traders.

• ECN Account:

• Requires a higher minimum deposit.

• Commission fees can add up for frequent traders.

• Pro Account:

• High minimum deposit requirement.

• May not be suitable for casual traders.

• Islamic Account:

• Limited availability of certain features.

• May have restrictions on trading certain instruments.

• Demo Account:

• Virtual funds may not represent real trading conditions.

• Limited duration for practice.

hunch Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; check specific restrictions.
• Prohibited Countries: Specific countries may be restricted; refer to the terms of service for details.
• Identity Verification Documents Needed:
• Government-issued ID (passport, driver's license).
• Proof of residence (utility bill, bank statement).
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• Users must complete Know Your Customer (KYC) verification.
• Anti-Money Laundering (AML) checks are conducted to ensure compliance with regulations.

Verification Time Frames

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

Step-by-Step hunch Account Opening Guide

Registration Process

1. Visit Website: Go to the official Hunch website.
2. Click Registration: Click on the registration button.
3. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
4. Choose Account Type: Select the desired account type based on your trading needs.
5. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
6. Document Upload: Upload the required identity verification documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit the minimum required amount to start trading.
9. Start Trading: Access your account and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with mobile offering a more streamlined interface.

Common Registration Issues and Solutions

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

Average Account Approval Time

• Most accounts are approved within 1-3 business days.

How to Upgrade/Downgrade Account Types

• Users can request account type changes through their account settings or by contacting customer support.

hunch Demo Account Guide

Demo Account Features and Benefits

• Practice trading with virtual funds without financial risk.
• Access to all trading instruments available in live accounts.
• Ideal for testing strategies and familiarizing with the trading platform.

How to Open a Demo Account

• Follow the same registration process but select the demo account option.

Demo Account Limitations

• Limited duration for use (typically 30-90 days).
• Virtual funds may not reflect real market conditions.

Virtual Balance Amount

• Users are typically provided with a virtual balance of $10,000 to practice trading.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.
• Live accounts involve real market conditions and risks.

Duration/Expiry of Demo Accounts

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

hunch Islamic Account Details

Swap-Free/Islamic Account Availability

• Hunch offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Users must declare their need for an Islamic account during registration.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for Muslim traders.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process.

Restrictions or Special Conditions

• Islamic accounts may have limitations on certain trading strategies or instruments.

FAQs – hunch Account Types & Opening

1. What account types does hunch offer？

• Hunch 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: N/A.

1. How long does hunch account verification take？

• Verification typically takes 1-3 business days.

1. Does hunch offer demo accounts？

• Yes, Hunch offers demo accounts for practice trading.

1. Can I have multiple account types with hunch？

• Yes, users can have multiple accounts but must adhere to the terms of service.

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

• Yes, Hunch provides Islamic accounts that comply with Sharia law.

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

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, users can request to change their account type through customer support.