IBN broker Accounts

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

Part 1: ibn Account Types Overview

ibn Account Types Explained

ibn offers a variety of account types tailored to different trading needs and expertise levels. Below are the primary account types available:

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: User-friendly interface, access to educational resources.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips, commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower trading costs.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 1.0 pip, commission of $2 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Advanced trading tools, priority customer support.
• 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 Standard Account, no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Compliant with Sharia law, no interest charges.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities.

1. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically $10,000).
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free environment for practice trading.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: ibn Account Features Comparison

Detailed ibn Account Features

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

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual balance

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:300

• Islamic: Up to 1:500

• Demo: Up to 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.0 pips

• Pro: From 1.0 pip

• Islamic: Same as Standard

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Mini, Standard

• Islamic: Micro, Mini, Standard

• Demo: 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: Instant

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: N/A

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: N/A

• Demo Account Features:

• Virtual balance for practice trading, same spreads as Standard Account.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• User-friendly interface.

• Access to educational resources.

• ECN Account:

• Tight spreads and low commissions.

• Direct access to market liquidity.

• Ideal for scalping strategies.

• Pro Account:

• Advanced trading tools and analytics.

• Priority customer support.

• Suitable for high-volume trading.

• Islamic Account:

• Compliant with Sharia law.

• No interest charges.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free environment for practice.

• Access to all trading instruments.

• Helps build trading confidence.

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:

• Higher minimum deposit.

• Not suitable for casual traders.

• Islamic Account:

• Limited availability in some regions.

• May have fewer features compared to Pro accounts.

• Demo Account:

• No real money involved.

• Limited duration for practice.

Part 3: ibn Account Opening Requirements

ibn Account Registration Requirements

To open an ibn account, you must meet the following eligibility criteria:

• Age Requirements: Must be at least 18 years old.

• Geographic Restrictions: Available in most countries, but may be restricted in certain regions.

• Prohibited Countries: Specific countries may be restricted due to regulatory compliance (check with ibn for the latest list).

• Identity Verification Documents Needed:

• Valid government-issued ID (passport or national ID).

• Proof of address (utility bill or bank statement).

• Proof of Residence Requirements: Recent utility bill, bank statement, or lease agreement.

• Additional Documentation for Professional Accounts: Business registration documents and a reference letter from your current bank.

KYC/AML Compliance Procedures

• All account holders must comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, which include providing identification and proof of address.

Verification Time Frames

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

Part 4: ibn Account Opening Process

Step-by-Step ibn Account Opening Guide

1. Visit Website and Click Registration: Navigate to the ibn website and click on the registration button.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the type of account you wish to open (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload the required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Once verified, deposit funds into your account using your preferred payment method.
8. Start Trading: Access your trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, though mobile may have a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document rejection due to poor quality.

• Solution: Ensure all documents are clear and legible before uploading.

• Issue: Delays in verification.

• Solution: Contact customer support for updates.

Average Account Approval Time

• The average time for account approval is 1-3 business days.

How to Upgrade/Downgrade Account Types

• Users can contact customer support to request an upgrade or downgrade of their account type, subject to the relevant minimum deposit requirements.

Part 5: ibn Demo Account Information

ibn Demo Account Guide

• Demo Account Features and Benefits:

• Access to all trading instruments.

• Same trading conditions as live accounts.

• Risk-free environment for practice.

• How to Open a Demo Account:

• Follow the same registration process as for live accounts, selecting the Demo Account option.

• Demo Account Limitations:

• Limited duration (typically 30 days).

• Virtual balance may not reflect real market conditions.

• Virtual Balance Amount:

• Typically set at $10,000 for practice.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds, while live accounts involve real money.

• Live accounts incur actual trading costs (spreads, commissions).

• Duration/Expiry of Demo Accounts:

• Demo accounts usually expire after 30 days of inactivity.

Part 6: ibn Islamic Account Details

ibn Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Available for all account types (Standard, ECN, Pro).

• Eligibility Requirements:

• Must be a practicing Muslim.

• Differences from Standard Accounts:

• No swap fees applied to overnight positions.

• How to Apply for Islamic Account:

• Select the Islamic Account option during the registration process or contact customer support.

• Restrictions or Special Conditions:

• Must comply with Sharia law in trading practices.

FAQs – ibn Account Types & Opening

1. What account types does ibn offer？

• ibn 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 balance.

1. How long does ibn account verification take？

• Verification typically takes 1-3 business days.

1. Does ibn offer demo accounts？

• Yes, ibn offers demo accounts for practice trading.

1. Can I have multiple account types with ibn？

• Yes, users can open multiple accounts.

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

• Yes, Islamic accounts are available for all account types.

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

• A valid 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.