IBIZ broker Accounts

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

ibiz Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spread starting from 1.5 pips
• Leverage Options: Up to 1:500
• Key Features: Basic trading tools, access to all major currency pairs
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

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

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads starting from 1.0 pip
• Leverage Options: Up to 1:300
• Key Features: Advanced trading tools, priority customer support
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Islamic Account

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

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000)
• Spread/Commission Structure: Same as live accounts
• Leverage Options: Same as live accounts
• Key Features: Risk-free environment to practice trading
• 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
• Intermediate Traders: Pro Account
• Advanced Traders: ECN Account
• Muslim Traders: Islamic Account
• All Levels: Demo Account

Detailed ibiz Account Features

Feature Comparison Across Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:500

• Spreads:

• Standard: Variable (1.5 pips)

• ECN: Raw (0.0 pips)

• Pro: Fixed (1.0 pip)

• Islamic: Variable (similar to Standard)

• Commission Fees:

• Standard: None

• ECN: Yes, based on volume

• Pro: None

• Islamic: None

• Lot Size:

• Standard: Micro/mini/standard

• ECN: Micro/mini/standard

• Pro: Standard

• Islamic: Micro/mini/standard

• Available Trading Platforms:

• All account types: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market

• Islamic Account Availability:

• Yes for Islamic Account only

• Swap-Free Options:

• Available for Islamic Accounts

• Demo Account Features:

• Available for all account types with virtual funds

Advantages and Disadvantages of Each Account Type

• Standard Account:

• Advantages: Low minimum deposit, user-friendly for beginners, access to major currency pairs.

• Disadvantages: Higher spreads compared to ECN, limited advanced features.

• ECN Account:

• Advantages: Low spreads, direct market access, suitable for scalping.

• Disadvantages: Higher minimum deposit, commission fees apply.

• Pro Account:

• Advantages: Fixed spreads, advanced trading tools, priority support.

• Disadvantages: Higher minimum deposit, not suitable for beginners.

• Islamic Account:

• Advantages: Complies with Sharia law, no swap fees.

• Disadvantages: Limited to specific trading instruments.

• Demo Account:

• Advantages: Risk-free trading, practice environment.

• Disadvantages: Virtual funds only, may not reflect live trading conditions.

ibiz 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: Countries under sanctions or restrictions may not be eligible.
• Identity Verification Documents Needed: Government-issued ID (passport, national ID).
• Proof of Residence Requirements: Utility bill or bank statement showing the current address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

• Complete identity verification through document submission.
• Compliance with Anti-Money Laundering regulations.

Verification Time Frames

• Typically takes 1-3 business days for account verification.

Step-by-Step ibiz Account Opening Guide

Registration Process

1. Visit Website and Click Registration: Go to the ibiz website and select the registration option.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type from the available options.
4. Set Trading Preferences: Indicate trading preferences and risk tolerance.
5. Document Upload: Upload required identity 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 the account.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• Registration can be completed on both desktop and mobile platforms, with mobile registration often being more streamlined.

Common Registration Issues and Solutions

• Issue: Document upload failures.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Delays in verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Accounts are usually approved within 1-3 business days.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an account type change, providing necessary documentation if required.

ibiz Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies.
• Access to the same trading platform and instruments as live accounts.

How to Open a Demo Account

• Select the demo account option during the registration process or from the account management section.

Demo Account Limitations

• Limited to virtual funds, and may have restrictions on certain features.

Virtual Balance Amount

• Typically set at $10,000 in virtual funds.

Demo vs Live Account Differences

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

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for a limited time, often 30-90 days.

ibiz Islamic Account Details

Swap-Free/Islamic Account Availability

• Yes, ibiz offers Islamic accounts that are compliant with Sharia law.

Eligibility Requirements

• Must be a practicing Muslim to qualify for an Islamic account.

Differences from Standard Accounts

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

How to Apply for Islamic Account

• Select the Islamic account option during the registration process.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions; consult customer support for details.

FAQs – ibiz Account Types & Opening

1. What account types does ibiz offer？

• ibiz 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 ibiz account verification take？

• Verification typically takes 1-3 business days.

1. Does ibiz offer demo accounts？

• Yes, ibiz offers demo accounts for practice trading.

1. Can I have multiple account types with ibiz？

• Yes, traders can hold multiple account types.

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

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

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

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

1. Can I change my account type after registration？

• Yes, you can request an account type change through customer support.