Irfan Mazhar Securities broker Accounts

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

imsecurities Account Types Explained

imsecurities offers several account types tailored to different trading needs and experience levels. Below is a detailed overview of each account type available:

1. Standard Account

• Minimum Deposit Requirement: PKR 5,000
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; commission may apply based on trading volume.
• Leverage Options: Up to 1:100
• Key Features: Access to a wide range of trading instruments, including stocks, forex, and commodities.
• Target User Profile: Suitable for beginners and intermediate traders.
• Trading Instruments Available: Forex, stocks, commodities.

2. ECN Account

• Minimum Deposit Requirement: PKR 10,000
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of PKR 50 per lot.
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices.

3. Pro Account

• Minimum Deposit Requirement: PKR 50,000
• Spread/Commission Structure: Competitive spreads starting from 0.5 pips; commission based on trading volume.
• Leverage Options: Up to 1:100
• Key Features: Enhanced trading conditions, priority customer support.
• Target User Profile: Professional traders and institutional clients.
• Trading Instruments Available: Forex, stocks, commodities, indices.

4. Islamic Account

• Minimum Deposit Requirement: PKR 5,000
• Spread/Commission Structure: Similar to the Standard Account but without swap fees.
• Leverage Options: Up to 1:100
• Key Features: Complies with Sharia law, no interest on overnight positions.
• Target User Profile: Traders seeking Sharia-compliant trading options.
• Trading Instruments Available: Forex, stocks, commodities.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds provided)
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Same as Standard Account.
• Key Features: Practice trading with virtual funds, access to all trading tools.
• Target User Profile: Beginners and those looking to test strategies.
• Trading Instruments Available: Forex, stocks, commodities.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account, Demo Account
• Intermediate: Standard Account, Pro Account
• Advanced: ECN Account, Pro Account
• Institutional: Pro Account

Detailed imsecurities Account Features

Feature Comparison Across Different Account Types

Advantages of Each Account Type

• Standard Account: Easy to use for beginners, low minimum deposit, access to various instruments.
• ECN Account: Tight spreads, direct market access, suitable for high-frequency trading.
• Pro Account: Enhanced features for professionals, priority support, competitive trading conditions.
• Islamic Account: Complies with Islamic finance principles, no overnight fees.
• Demo Account: Risk-free environment to practice trading, access to all trading tools.

Disadvantages of Each Account Type

• Standard Account: Higher spreads compared to ECN accounts.
• ECN Account: Higher minimum deposit and commission fees.
• Pro Account: Requires a higher initial investment.
• Islamic Account: Limited to specific trading instruments.
• Demo Account: No real profits, limited to virtual trading.

imsecurities Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of Pakistan and select countries.
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.
• Identity Verification Documents Needed:
• National ID card or passport.
• Recent utility bill for proof of residence.
• Proof of Residence Requirements: Utility bill or bank statement not older than 3 months.
• Additional Documentation for Professional Accounts: Business registration documents or partnership agreements.

KYC/AML Compliance Procedures

imsecurities adheres to strict KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, requiring all clients to provide necessary documentation for verification.

Verification Time Frames

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

Step-by-Step imsecurities Account Opening Guide

Registration Process

1. Visit Website and Click Registration: Go to the imsecurities official website.
2. Personal Information Entry: Fill in personal details including name, email, and phone number.
3. Choose Account Type: Select the desired account type from the options available.
4. Set Trading Preferences: Specify trading preferences and leverage options.
5. Document Upload: Upload necessary identification 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 trading platforms and begin trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, with mobile offering a more streamlined experience.

Common Registration Issues and Solutions

• Issue: Document upload errors.
• Solution: Ensure documents are clear and meet size requirements.
• Issue: Delays in verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

Typically, account approval takes 1-3 business days.

How to Upgrade/Downgrade Account Types

Account holders can request changes through the customer support portal or by contacting their account manager.

imsecurities Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments, practice trading strategies without risk.
• Benefits: Ideal for beginners to learn trading mechanics and for experienced traders to test strategies.

How to Open a Demo Account

1. Visit the imsecurities website.
2. Click on the demo account option.
3. Fill in the required information and submit.

Demo Account Limitations

• Limited to virtual funds; no real profits can be made.
• Time-limited access depending on the broker's policy.

Virtual Balance Amount

Typically, demo accounts offer a virtual balance of PKR 1,000,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Demo accounts may have limited features compared to live accounts.

Duration/Expiry of Demo Accounts

Demo accounts usually expire after 30 days of inactivity.

imsecurities Islamic Account Details

Swap-Free/Islamic Account Availability

imsecurities offers Islamic accounts that comply with Sharia law, allowing traders to operate without incurring swap fees.

Eligibility Requirements

• Must provide proof of adherence to Islamic finance principles.

Differences from Standard Accounts

Islamic accounts do not incur interest on overnight positions, making them suitable for Muslim traders.

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 limitations on specific trading instruments that involve interest.

FAQs – imsecurities Account Types & Opening

1. What account types does imsecurities offer？

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

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

• Standard: PKR 5,000; ECN: PKR 10,000; Pro: PKR 50,000; Islamic: PKR 5,000; Demo: N/A.

1. How long does imsecurities account verification take？

• Verification typically takes 1-3 business days.

1. Does imsecurities offer demo accounts？

• Yes, imsecurities provides demo accounts for practice trading.

1. Can I have multiple account types with imsecurities？

• Yes, clients can open multiple account types.

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

• Yes, Islamic accounts are available.

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

• A national ID or passport and a recent utility bill for proof of residence.

1. Can I change my account type after registration？

• Yes, account types can be changed upon request through customer support.