IAI broker Accounts

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

Part 1: iai Account Types Overview

iai Account Types Explained

The iai (International Association for Identification) offers various account types tailored to different trading needs and user profiles. Heres a breakdown of the available account types:

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: Basic trading features suitable for beginners.
• Target User Profile: Ideal for novice traders.
• Trading Instruments Available: Forex, commodities, indices.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Tight spreads starting from 0.1 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct access to the interbank market, lower spreads.
• Target User Profile: Suitable for experienced traders.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 0.0 pips; commission of $2 per lot.
• Leverage Options: Up to 1:100.
• Key Features: Advanced trading tools and analytics.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, stocks.

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to the Standard Account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law, swap-free trading.
• Target User Profile: Muslim traders adhering to Islamic finance principles.
• Trading Instruments Available: Forex, commodities.

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000).
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Same as Standard Account.
• Key Features: Practice trading without financial risk.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: All instruments available in live accounts.

Recommended Account Types by Trader Level

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

Part 2: iai Account Features Comparison

Detailed iai Account Features

When comparing the features of different iai account types, consider the following aspects:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:100

• Islamic: 1:500

• Spreads (Typical/Minimum):

• Standard: 1.5 pips

• ECN: 0.1 pips

• Pro: 0.0 pips

• Islamic: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Micro, Mini, Standard

• Islamic: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: ECN

• Islamic: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo Account Features:

• Virtual trading environment with no risk.

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit.
• No commission fees.
• User-friendly for beginners.
• Disadvantages:
• Higher spreads compared to ECN and Pro accounts.

ECN Account

• Advantages:
• Tight spreads.
• Direct market access.
• Suitable for scalping.
• Disadvantages:
• Higher minimum deposit.
• Commission fees apply.

Pro Account

• Advantages:
• Lowest spreads.
• Advanced trading features.
• Suitable for high-volume traders.
• Disadvantages:
• High minimum deposit.
• Commission fees apply.

Islamic Account

• Advantages:
• Complies with Islamic finance principles.
• No swap fees.
• Disadvantages:
• Limited availability for certain trading strategies.

Demo Account

• Advantages:
• Risk-free trading environment.
• Ideal for practice and strategy testing.
• Disadvantages:
• No real profits or losses.

Part 3: iai Account Opening Requirements

iai Account Registration Requirements

To open an iai account, the following eligibility criteria must be met:

• 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 based on regulatory requirements.
• Identity Verification Documents Needed:
• Government-issued ID (passport or driver's license).
• Social Security Number or equivalent.
• Proof of Residence Requirements:
• Utility bill or bank statement dated within the last three months.
• 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.
• Verification time frames typically range from 1 to 3 business days, depending on the completeness of submitted documents.

Part 4: iai Account Opening Process

Step-by-Step iai Account Opening Guide

1. Visit Website and Click Registration: Navigate to the iai official website and select the registration option.
2. Personal Information Entry: Fill in personal details including name, email, and phone number.
3. Choose Account Type: Select the desired account type based on your trading needs.
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload the required identity verification 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: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar across both platforms, but mobile users may have a more streamlined interface.

Common Registration Issues and Solutions

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

Average Account Approval Time

• Typically ranges from 1 to 3 business days, depending on the volume of applications.

How to Upgrade/Downgrade Account Types

• Users can request changes through their account management portal or by contacting customer support.

Part 5: iai Demo Account Information

iai Demo Account Guide

• Demo Account Features and Benefits:

• Access to all trading instruments.

• Practice trading strategies without risk.

• How to Open a Demo Account:

• Register on the iai website and select the demo account option.

• Demo Account Limitations:

• Limited to virtual funds; no real profits can be made.

• Virtual Balance Amount:

• Typically set at $10,000 for practice purposes.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds; live accounts involve real money.

• Duration/Expiry of Demo Accounts:

• Demo accounts may expire after a certain period, typically 30 days, but can often be renewed.

Part 6: iai Islamic Account Details

iai Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, available for all account types.

• Eligibility Requirements: Must declare adherence to Islamic finance principles.

• Differences from Standard Accounts: No swap fees applied; otherwise similar features.

• How to Apply for Islamic Account: Select the Islamic account option during the registration process.

• Restrictions or Special Conditions: Must comply with Islamic trading guidelines.

FAQs – iai Account Types & Opening

1. What account types does iai offer？

• iai 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 iai account verification take？

• Verification typically takes 1 to 3 business days.

1. Does iai offer demo accounts？

• Yes, iai provides demo accounts for practice trading.

1. Can I have multiple account types with iai？

• Yes, users can hold multiple account types.

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

• Yes, Islamic accounts are available.

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

• A government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type.