HV broker Accounts

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

hv Account Types Explained

When considering forex trading, understanding the various hv account types is crucial for selecting the right one that aligns with your trading strategy and experience level. Below is a detailed overview of the available account types offered by hv.

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:
• Access to all trading instruments
• Standard lot sizes
• Suitable for beginners
• Target User Profile: Beginner traders
• Trading Instruments Available: Forex, commodities, indices

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads from 0.0 pips + commission
• Leverage Options: Up to 1:200
• Key Features:
• Direct market access
• Lower spreads
• Ideal for advanced traders
• Target User Profile: Experienced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Competitive spreads with lower commissions
• Leverage Options: Up to 1:400
• Key Features:
• Advanced trading tools
• Priority customer support
• Suitable for professional traders
• Target User Profile: Institutional and professional traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features:
• Swap-free trading
• Compliance with Sharia law
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

5. Demo Account

• Minimum Deposit Requirement: Virtual funds (usually $10,000)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:500
• Key Features:
• Risk-free trading environment
• Practice trading strategies
• Target User Profile: Beginners and traders testing strategies
• Trading Instruments Available: All trading instruments

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed hv Account Features

Comparison of Features Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to all instruments

• ECN Account:

• Tight spreads

• Direct market access

• Suitable for algorithmic trading

• Pro Account:

• Advanced trading tools

• Lower trading costs

• Dedicated support

• Islamic Account:

• Complies with Sharia law

• No swap fees

• Standard trading features

• Demo Account:

• Risk-free environment

• Practice without financial commitment

• Learn trading strategies

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees can add up

• Pro Account:

• Requires significant capital

• More complex for beginners

• Islamic Account:

• Limited availability of certain features

• May not suit all trading strategies

• Demo Account:

• No real money involved

• May not reflect real market conditions

hv Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries, but some restrictions may apply based on local regulations.
• Prohibited Countries: Specific countries may be restricted; check hv's website for the latest updates.
• Identity Verification Documents Needed:
• Government-issued ID (e.g., passport, driver's license)
• Proof of address (e.g., utility bill, bank statement)
• Proof of Residence Requirements: Recent documents showing your name and address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• This includes submitting identification and proof of residence documents.

Verification Time Frames

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

Step-by-Step hv Account Opening Guide

hv Account Opening Process

1. Visit Website and Click Registration: Navigate to the hv 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 account type that best suits your trading needs.
4. Set Trading Preferences: Indicate your preferred trading settings and leverage options.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile, but the mobile interface may have some layout differences for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload errors.
• Solution: Ensure documents are clear and meet the required format.
• Issue: Delayed verification.
• Solution: Check your email for any requests for additional information.

Average Account Approval Time

• Most accounts are approved within 1-3 business days, depending on the completeness of the application.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of your account type, and follow the provided instructions.

hv Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading.
• Access to all trading instruments available in live accounts.
• Ideal for testing strategies without financial risk.

How to Open a Demo Account

• Visit the hv website and select the demo account option.
• Fill in the required information and submit your application.

Demo Account Limitations

• The demo account is funded with virtual money, which cannot be withdrawn.
• May have a limited duration, typically 30-90 days.

Virtual Balance Amount

• Most demo accounts start with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts do not involve real money; live accounts do.
• Market conditions may vary, affecting execution speed and slippage.

Duration/Expiry of Demo Accounts

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

hv Islamic Account Details

Swap-Free/Islamic Account Availability

• hv offers Islamic accounts that comply with Sharia law, allowing for swap-free trading.

Eligibility Requirements

• Must be a Muslim trader seeking compliance with Islamic finance principles.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for long-term trading.

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; check with hv for details.

FAQs – hv Account Types & Opening

1. What account types does hv offer？

• hv 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 hv account verification take？

• Verification typically takes 1-3 business days.

1. Does hv offer demo accounts？

• Yes, hv provides demo accounts for practice trading.

1. Can I have multiple account types with hv？

• Yes, you can open multiple account types as needed.

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

• Yes, hv offers Islamic accounts that comply with Sharia law.

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