IEL broker Accounts

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

iel Account Types Explained

Integrity Express Logistics (IEL) offers various account types tailored to meet the needs of different users in the logistics and freight industry. Below is a detailed overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; commissions may apply based on trading volume.
• Leverage Options: Up to 1:100.
• Key Features: Basic trading tools, access to major currency pairs, and standard customer support.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, and indices.

2. ECN Account

• Minimum Deposit Requirement: $5,000
• 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 spreads, and faster execution speeds.
• Target User Profile: Advanced traders and professionals.
• Trading Instruments Available: Forex, commodities, and cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $10,000
• Spread/Commission Structure: Competitive spreads starting from 0.5 pips; lower commissions based on trading volume.
• Leverage Options: Up to 1:300.
• Key Features: Advanced trading tools, priority customer support, and tailored trading solutions.
• Target User Profile: Institutional traders and high-volume retail traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Similar to Standard accounts but without swap fees.
• Leverage Options: Up to 1:100.
• Key Features: Compliance with Sharia law, no interest fees.
• Target User Profile: Muslim traders seeking a compliant trading environment.
• Trading Instruments Available: Forex and commodities.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically $10,000).
• Spread/Commission Structure: Same as Standard account.
• Leverage Options: Same as Standard account.
• Key Features: Risk-free trading environment, access to all trading instruments, and educational resources.
• Target User Profile: Beginners looking to practice trading strategies.
• Trading Instruments Available: Forex, commodities, and indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed iel Account Features

Comparison of Features Across Different Account Types

• Minimum Deposit:

• Standard: $1,000

• ECN: $5,000

• Pro: $10,000

• Islamic: $1,000

• Demo: Virtual balance

• Maximum Leverage:

• Standard: 1:100

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:100

• Demo: Same as Standard

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: From 0.5 pips

• Islamic: Similar to Standard

• Demo: Same as Standard

• Commission Fees:

• Standard: Varies

• ECN: $3 per lot

• Pro: Lower based on volume

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Micro, Mini, Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• All account types: MT4, MT5, and proprietary platforms.

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Available for Standard and Islamic accounts.

• Swap-Free Options:

• Available for Islamic accounts.

• Demo Account Features:

• Virtual balance, access to all trading instruments, and educational resources.

Advantages of Each Account Type

• Standard Account:

• Easy to open and manage.

• Suitable for beginners.

• Access to a wide range of instruments.

• ECN Account:

• Lower spreads and faster execution.

• Ideal for high-frequency traders.

• Direct market access.

• Pro Account:

• Tailored solutions for institutional traders.

• Advanced trading tools and analytics.

• Higher leverage options.

• Islamic Account:

• Compliance with Islamic finance principles.

• No interest fees.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free environment to practice trading.

• Access to educational resources.

• Helps build confidence before trading live.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit requirement.

• Commission fees may apply.

• Pro Account:

• Significant minimum deposit.

• More complex for beginners.

• Islamic Account:

• Limited to specific trading instruments.

• May not be available in all regions.

• Demo Account:

• Limited duration (typically 30-90 days).

• Virtual trading may not reflect real market conditions.

iel 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 international sanctions or restrictions may not be eligible.
• Identity Verification Documents Needed: Valid government-issued ID (passport or national ID).
• Proof of Residence Requirements: Utility bill or bank statement showing current address.
• Additional Documentation for Professional Accounts: Business registration documents for corporate accounts.

KYC/AML Compliance Procedures

• All users must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks during the registration process.

Verification Time Frames

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

Step-by-Step iel Account Opening Guide

Registration Process

1. Visit the Website: Go to the official IEL website.
2. Click Registration: Find and click the "Register" button.
3. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
4. Choose Account Type: Select the account type that suits your trading needs.
5. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
6. Document Upload: Upload the required identity verification documents.
7. Account Verification: Wait for the verification process to be completed.
8. Fund Your Account: Deposit the minimum required amount to activate your account.
9. Start Trading: Once your account is funded and verified, you can start trading.

Desktop vs Mobile Registration Differences

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

Common Registration Issues and Solutions

• Issue: Document upload fails.

• Solution: Ensure the documents are in the correct format and within the size limits.

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes 1-3 business days.

How to Upgrade/Downgrade Account Types

• Users can request changes to their account type through the customer support portal or account management section.

iel Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments, virtual balance for risk-free trading, and educational resources.
• Benefits: Ideal for beginners to practice trading strategies without financial risk.

How to Open a Demo Account

• Visit the IEL website, click on the demo account option, and follow the registration steps similar to opening a live account.

Demo Account Limitations

• Limited duration (typically 30-90 days) and may not reflect real market conditions.

Virtual Balance Amount

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

Demo vs Live Account Differences

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

Duration/Expiry of Demo Accounts

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

iel Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available for users who require compliance with Sharia law.

Eligibility Requirements

• Users must provide documentation to confirm their eligibility for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them compliant with Islamic finance principles.

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 and available instruments.

FAQs – iel Account Types & Opening

1. What account types does iel offer？

• IEL offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: $1,000; ECN: $5,000; Pro: $10,000; Islamic: $1,000; Demo: Virtual balance.

1. How long does iel account verification take？

• Account verification typically takes 1-3 business days.

1. Does iel offer demo accounts？

• Yes, IEL offers demo accounts for practice trading.

1. Can I have multiple account types with iel？

• Yes, users can have multiple account types.

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

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

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

• Valid ID, proof of residence, and additional documentation for professional accounts.

1. Can I change my account type after registration？

• Yes, users can request changes to their account type through customer support.