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

hupx Account Types Explained

HUPX offers several account types tailored to different trading needs and profiles. Below is a detailed overview of each account type available:

1. Standard Account

• Minimum Deposit Requirement: €250
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:30
• Key Features: Basic trading tools, access to all trading instruments
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex, commodities, indices

2. ECN Account

• Minimum Deposit Requirement: €500
• Spread/Commission Structure: Tight spreads from 0.1 pips + commission
• Leverage Options: Up to 1:100
• Key Features: Direct market access, lower spreads, faster execution
• Target User Profile: Intermediate to advanced traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

3. Pro Account

• Minimum Deposit Requirement: €1,000
• Spread/Commission Structure: Low spreads with reduced commission fees
• Leverage Options: Up to 1:200
• Key Features: Advanced trading tools, priority customer support
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: All instruments including futures and options

4. Islamic Account

• Minimum Deposit Requirement: €500
• Spread/Commission Structure: Similar to Standard or ECN accounts but swap-free
• Leverage Options: Up to 1:30
• Key Features: Complies with Sharia law, no overnight interest
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

5. Demo Account

• Minimum Deposit Requirement: Virtual balance of €10,000
• Spread/Commission Structure: Similar to Standard account
• Leverage Options: Up to 1:30
• Key Features: Risk-free trading environment, access to all trading tools
• Target User Profile: Beginners and those testing strategies
• Trading Instruments Available: All instruments available in live accounts

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 hupx Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: €250

• ECN: €500

• Pro: €1,000

• Islamic: €500

• Demo: €0

• Maximum Leverage:

• Standard: Up to 1:30

• ECN: Up to 1:100

• Pro: Up to 1:200

• Islamic: Up to 1:30

• Demo: Up to 1:30

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.1 pips

• Pro: Low spreads

• Islamic: Similar to Standard

• Demo: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: Yes, based on volume

• Pro: Reduced fees

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro and Mini

• ECN: Micro, Mini, and Standard

• Pro: Standard

• Islamic: Micro and Mini

• Demo: Micro and Mini

• Available Trading Platforms:

• Standard: MT4

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4

• Demo: MT4

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: No

• ECN: No

• Pro: No

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Standard: No

• ECN: No

• Pro: No

• Islamic: Yes

• Demo: No

• Demo Account Features:

• Virtual balance of €10,000, risk-free trading, access to all trading tools

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit
• User-friendly for beginners
• Access to all trading instruments
• Disadvantages:
• Higher spreads compared to ECN
• Limited advanced features

ECN Account

• Advantages:
• Low spreads
• Direct market access
• Suitable for high-frequency trading
• Disadvantages:
• Higher minimum deposit
• Commission fees can add up

Pro Account

• Advantages:
• Advanced trading tools
• Lower fees for high volume
• Suitable for professional traders
• Disadvantages:
• High minimum deposit
• Complexity may overwhelm beginners

Islamic Account

• Advantages:
• Complies with Sharia law
• No overnight interest
• Access to all instruments
• Disadvantages:
• Limited availability
• Higher minimum deposit than Standard

Demo Account

• Advantages:
• Risk-free environment
• Ideal for practice and strategy testing
• Full access to trading tools
• Disadvantages:
• No real money trading
• Limited duration

hupx Account Registration Requirements

Eligibility Criteria

• Age Requirements: Minimum age of 18 years
• Geographic Restrictions: Available to residents of EU countries and select non-EU countries
• Prohibited Countries: Countries under international sanctions or restrictions
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Recent documents showing the current address
• Additional Documentation for Professional Accounts:
• Business registration documents
• Proof of trading experience

KYC/AML Compliance Procedures

HUPX adheres to strict KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, requiring all applicants to provide necessary documentation for verification.

Verification Time Frames

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

Step-by-Step hupx Account Opening Guide

Detailed Registration Process

1. Visit the HUPX Website: Navigate to the official HUPX website.
2. Click Registration: Find and click on the registration button.
3. Personal Information Entry: Fill out the required personal information form.
4. Choose Account Type: Select the desired account type from the options available.
5. Set Trading Preferences: Specify your trading preferences and settings.
6. Document Upload: Upload the necessary identification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Once verified, deposit funds into your trading account.
9. Start Trading: Begin trading on the HUPX platform.

Desktop vs Mobile Registration Differences

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

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 between 1-3 business days.

How to Upgrade/Downgrade Account Types

To change account types, contact HUPX customer support with your request, and they will guide you through the process.

hupx Demo Account Guide

Demo Account Features and Benefits

• Features: Virtual trading environment with a balance of €10,000.
• Benefits: Allows users to practice trading strategies without financial risk.

How to Open a Demo Account

Visit the HUPX website and select the option to create a demo account. Follow the registration steps as outlined for live accounts.

Demo Account Limitations

• Limited to virtual trading only.
• Duration may vary; typically expires after 30 days of inactivity.

Virtual Balance Amount

Demo accounts typically offer a virtual balance of €10,000.

Demo vs Live Account Differences

Demo accounts do not involve real money, while live accounts require actual funds and involve real trading risks.

Duration/Expiry of Demo Accounts

Demo accounts usually expire after 30 days of inactivity or can be extended upon request.

hupx Islamic Account Details

Swap-Free/Islamic Account Availability

HUPX offers Islamic accounts that comply with Sharia law, allowing for trading without incurring interest.

Eligibility Requirements

To qualify for an Islamic account, traders must provide documentation confirming their religious beliefs.

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 and provide the necessary documentation.

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions and limits on certain instruments.

FAQs – hupx Account Types & Opening

1. What account types does hupx offer？

• HUPX offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: €250, ECN: €500, Pro: €1,000, Islamic: €500, Demo: €0.

1. How long does hupx account verification take？

• Account verification typically takes 1-3 business days.

1. Does hupx offer demo accounts？

• Yes, HUPX offers demo accounts with a virtual balance of €10,000.

1. Can I have multiple account types with hupx？

• Yes, traders can maintain multiple account types.

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

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

1. What documents do I need to open a hupx 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 change your account type through customer support.