HXFX Global broker Accounts

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

hxfx global Account Types Explained

HXFX Global offers a variety of account types tailored to meet the needs of different traders, from beginners to advanced users. Below is an overview of the available account types, their features, and target user profiles.

1. Standard Account

• Minimum Deposit Requirement: $20
• Spread/Commission Structure: Floating spreads, typically starting from 1.5 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Suitable for all traders, offering a user-friendly interface and access to a wide range of trading instruments.
• Target User Profile: Beginners and intermediate traders.
• Trading Instruments Available: Forex pairs, commodities, indices, and cryptocurrencies.

2. ECN Account

• Minimum Deposit Requirement: $100.
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct access to interbank liquidity, ideal for high-frequency trading.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex pairs, commodities, and cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $500.
• Spread/Commission Structure: Competitive spreads starting from 1.0 pip; no commission.
• Leverage Options: Up to 1:300.
• Key Features: Designed for professional traders with advanced trading strategies.
• Target User Profile: Professional and institutional traders.
• Trading Instruments Available: Forex pairs, commodities, indices, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $100.
• Spread/Commission Structure: Similar to the Standard or ECN account, depending on the trader's choice.
• Leverage Options: Up to 1:500.
• Key Features: Swap-free account compliant with Islamic finance principles.
• Target User Profile: Muslim traders seeking compliance with Sharia law.
• Trading Instruments Available: Forex pairs, commodities, indices, and cryptocurrencies.

5. Demo Account

• Minimum Deposit Requirement: Virtual funds provided (typically $10,000).
• Spread/Commission Structure: Similar to live accounts.
• Leverage Options: Up to 1:500.
• Key Features: Allows traders to practice without financial risk.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: Same as live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed hxfx global Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• User-friendly for beginners.

• Access to a variety of instruments.

• ECN Account:

• Tight spreads for active traders.

• Direct market access.

• Suitable for high-frequency trading.

• Pro Account:

• No commission fees.

• Competitive spreads.

• Designed for professional strategies.

• Islamic Account:

• Compliant with Sharia law.

• No swap fees.

• Flexible trading options.

• Demo Account:

• Risk-free trading environment.

• Ideal for practice and strategy testing.

• Access to the same features as live accounts.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited features for advanced trading.

• ECN Account:

• Higher minimum deposit.

• Commission fees may reduce profitability.

• Pro Account:

• Requires a higher initial investment.

• Not suitable for beginners.

• Islamic Account:

• Limited availability for non-Muslim traders.

• May have restrictions on certain trading strategies.

• Demo Account:

• No real money involved.

• Limited duration for practice.

hxfx global Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; however, specific regions may be restricted.
• Prohibited Countries: Countries under sanctions or with strict financial regulations may be restricted (specific countries not listed).
• Identity Verification Documents Needed: A government-issued ID (passport or national ID) and proof of residence (utility bill or bank statement).
• Proof of Residence Requirements: Recent documents showing the applicant's name and address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• HXFX Global adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring thorough verification of identity and source of funds.

Verification Time Frames

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

Step-by-Step hxfx global Account Opening Guide

Detailed Registration Process

1. Visit Website: Go to the HXFX Global official website.
2. Click Registration: Locate and click on the "Open Account" or "Register" button.
3. Personal Information Entry: Fill in personal details such as name, email, phone number, and date of birth.
4. Choose Account Type: Select the desired account type based on your trading needs.
5. Set Trading Preferences: Indicate your trading preferences and leverage options.
6. Document Upload: Upload required identification and proof of residence 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 the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, though the mobile interface may have a simplified layout.

Common Registration Issues and Solutions

• Issue: Document upload errors.
• Solution: Ensure documents are clear and in the correct format (JPEG, PDF).
• Issue: Verification delays.
• Solution: Check email for any requests for additional information.

Average Account Approval Time

• Typically, account approval takes 1 to 3 business days, depending on the volume of applications and the completeness of submitted documents.

How to Upgrade/Downgrade Account Types

• Users can request changes to their account type through the client portal or by contacting customer support.

hxfx global Demo Account Guide

Demo Account Features and Benefits

• The demo account allows users to practice trading with virtual funds, providing a risk-free environment to learn and test strategies.

How to Open a Demo Account

• Users can register for a demo account directly on the HXFX Global website by selecting the demo option during the registration process.

Demo Account Limitations

• The demo account may have a limited duration and virtual balance, typically set at $10,000.

Virtual Balance Amount

• Most demo accounts provide a virtual balance of $10,000 for practice trading.

Demo vs Live Account Differences

• The demo account uses virtual funds, while the live account involves real money and actual market conditions.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity, but this may vary by broker.

hxfx global Islamic Account Details

Swap-Free/Islamic Account Availability

• HXFX Global offers Islamic accounts that comply with Sharia law, allowing Muslim traders to engage in trading without incurring swap fees.

Eligibility Requirements

• Traders must declare their need for an Islamic account during the registration process.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees and may have different trading conditions.

How to Apply for Islamic Account

• Traders can select the Islamic account option during the account registration process or request it through customer support.

Restrictions or Special Conditions

• Islamic accounts may have specific trading restrictions to ensure compliance with Sharia law.

FAQs – hxfx global Account Types & Opening

1. What account types does hxfx global offer？

• HXFX Global offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: $20, ECN: $100, Pro: $500, Islamic: $100, Demo: Virtual funds.

1. How long does hxfx global account verification take？

• Verification typically takes 1 to 3 business days.

1. Does hxfx global offer demo accounts？

• Yes, HXFX Global provides demo accounts for practice trading.

1. Can I have multiple account types with hxfx global？

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

1. Does hxfx global offer Islamic/swap-free accounts？

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

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

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

1. Can I change my account type after registration？

• Yes, account types can be changed through the client portal or customer support.