IFK broker Accounts

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

Part 1: ifk Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:500
• Key Features: Ideal for beginners, access to a wide range of trading instruments
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Tight spreads from 0.0 pips with a commission of $3 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, suitable for high-frequency traders
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips with a commission of $2 per lot
• Leverage Options: Up to 1:300
• Key Features: Enhanced trading conditions, priority execution
• 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, compliant with Sharia law
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Same as Standard Account
• Key Features: Risk-free trading environment, practice trading strategies
• Target User Profile: Beginners and experienced traders
• Trading Instruments Available: Forex, commodities, indices

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
• Practicing Traders: Demo Account

Part 2: ifk Account Features Comparison

Detailed ifk Account Features

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:300

• Islamic: Up to 1:500

• 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: N/A

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: N/A

• Demo: N/A

• 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:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• 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:

• Practice trading with virtual funds, access to all trading instruments.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly interface

• Access to a variety of instruments

• ECN Account:

• Tight spreads

• Direct market access

• Suitable for high-frequency trading

• Pro Account:

• Enhanced trading conditions

• Lower commissions

• Priority execution

• Islamic Account:

• Compliant with Sharia law

• No swap fees

• Access to all trading instruments

• Demo Account:

• Risk-free environment

• Practice strategies without financial risk

• Unlimited access to trading instruments

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited features for advanced traders

• ECN Account:

• Higher minimum deposit

• Commission fees apply

• Pro Account:

• Higher minimum deposit

• More complex for beginners

• Islamic Account:

• Limited availability of swap-free options

• May have higher spreads

• Demo Account:

• No real money involved

• Limited time for practice

Part 3: ifk Account Registration Requirements

ifk 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 by international law.

• Identity Verification Documents Needed:

• Valid government-issued ID (passport, driver's license)

• Proof of residence (utility bill, bank statement)

• Proof of Residence Requirements:

• Recent document showing your name and address.

• Additional Documentation for Professional Accounts:

• Proof of income or financial status may be required.

• KYC/AML Compliance Procedures:

• Complete identity verification to comply with regulatory requirements.

• Verification Time Frames:

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

Part 4: ifk Account Opening Process

Step-by-Step ifk Account Opening Guide

1. Visit Website and Click Registration:

• Navigate to the official ifk website.

1. Personal Information Entry:

• Fill in personal details such as name, email, and phone number.

1. Choose Account Type:

• Select the desired account type (Standard, ECN, Pro, Islamic, Demo).

1. Set Trading Preferences:

• Specify your trading preferences and risk tolerance.

1. Document Upload:

• Upload required identification and proof of residence documents.

1. Account Verification:

• Wait for the verification process to complete.

1. Fund Your Account:

• Deposit funds into your account using available payment methods.

1. Start Trading:

• Begin trading once your account is funded and verified.

Desktop vs Mobile Registration Differences

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

Common Registration Issues and Solutions

• Issue: Document upload fails.

• Solution: Ensure documents are clear and in the correct format.

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically 1-3 business days, depending on the completeness of submitted documents.

How to Upgrade/Downgrade Account Types

• Contact customer support to request changes to your account type.

Part 5: ifk Demo Account Information

ifk Demo Account Guide

• Demo Account Features and Benefits:

• Access to all trading instruments with virtual funds.

• Practice trading strategies without financial risk.

• How to Open a Demo Account:

• Follow the standard registration process and select the demo account option.

• Demo Account Limitations:

• Limited to virtual funds; cannot withdraw profits.

• Virtual Balance Amount:

• Typically set at $100,000 in virtual funds.

• 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 set period, often 30 days, but can be renewed.

Part 6: ifk Islamic Account (if available)

ifk Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Available for Standard and Islamic accounts.

• Eligibility Requirements:

• Must be a practicing Muslim.

• Differences from Standard Accounts:

• No swap fees on overnight positions.

• How to Apply for Islamic Account:

• Select the Islamic account option during registration.

• Restrictions or Special Conditions:

• Must comply with Islamic finance principles.

FAQs – ifk Account Types & Opening

1. What account types does ifk offer？

• ifk 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: N/A.

1. How long does ifk account verification take？

• Account verification typically takes 1-3 business days.

1. Does ifk offer demo accounts？

• Yes, ifk offers demo accounts for practice trading.

1. Can I have multiple account types with ifk？

• Yes, you can hold multiple account types.

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

• Yes, Islamic accounts are available.

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

• A valid ID and proof of residence are required.

1. Can I change my account type after registration？

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