Istithmar broker Accounts

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

istithmar Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit: $20,000
• Spread/Commission Structure: Variable spreads
• Leverage Options: Up to 500:1
• Key Features: Basic trading features suitable for beginners.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex pairs, commodities, indices.

1. ECN Account

• Minimum Deposit: $20,000
• Spread/Commission Structure: Raw spreads with a commission per trade.
• Leverage Options: Up to 500:1
• Key Features: Direct market access with lower spreads.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex pairs, cryptocurrencies, commodities.

1. Pro Account

• Minimum Deposit: $50,000
• Spread/Commission Structure: Tight spreads with lower commissions.
• Leverage Options: Up to 500:1
• Key Features: Advanced trading tools and features.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex pairs, commodities, indices, and stocks.

1. Islamic Account

• Minimum Deposit: $20,000
• Spread/Commission Structure: Similar to standard accounts but swap-free.
• Leverage Options: Up to 500:1
• Key Features: Compliant with Sharia law, no interest charges.
• Target User Profile: Muslim traders seeking Sharia-compliant trading.
• Trading Instruments Available: Forex pairs, commodities.

1. Demo Account

• Minimum Deposit: Virtual balance provided.
• Spread/Commission Structure: Reflects real market conditions.
• Leverage Options: Up to 500:1
• Key Features: Practice trading without financial risk.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Same as live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed istithmar Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $20,000

• ECN: $20,000

• Pro: $50,000

• Islamic: $20,000

• Demo: Virtual balance

• Maximum Leverage:

• All account types: Up to 500:1

• Spreads:

• Standard: Variable

• ECN: Raw

• Pro: Tight

• Islamic: Variable

• Demo: Reflects real market conditions

• Commission Fees:

• Standard: None

• ECN: Yes (per trade)

• Pro: Lower than standard

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Standard lots

• ECN: Micro and standard lots

• Pro: Standard lots

• Islamic: Standard lots

• Demo: Standard lots

• Available Trading Platforms:

• All account types: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Yes for Islamic Account

• Swap-Free Options:

• Available for Islamic Account

• Demo Account Features:

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

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit.
• No commission fees.
• Suitable for beginners.
• Disadvantages:
• Higher spreads compared to ECN.
• Limited advanced features.

ECN Account

• Advantages:
• Tight spreads.
• Direct market access.
• Suitable for scalping.
• Disadvantages:
• Requires higher minimum deposit.
• Commission fees apply.

Pro Account

• Advantages:
• Advanced trading tools.
• Lower commission fees.
• Suitable for professionals.
• Disadvantages:
• High minimum deposit.
• Complexity may overwhelm beginners.

Islamic Account

• Advantages:
• Sharia-compliant trading.
• No interest charges.
• Similar features to standard accounts.
• Disadvantages:
• Minimum deposit requirement.
• Limited availability for non-Muslim traders.

Demo Account

• Advantages:
• Risk-free trading environment.
• Practice strategies.
• Access to all trading instruments.
• Disadvantages:
• No real profits.
• Limited duration.

istithmar Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to traders worldwide, but specific countries may be restricted.
• Prohibited Countries: Specific countries may not be eligible; check the broker's website for details.
• Identity Verification Documents Needed: Government-issued ID (passport or drivers license).
• Proof of Residence Requirements: Utility bill or bank statement showing your name and address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

• All clients must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Verification includes identity and address verification.

Verification Time Frames

• Typically, account verification can take up to 1-3 business days, depending on the completeness of submitted documents.

Step-by-Step istithmar Account Opening Guide

Detailed Registration Process

1. Visit Website: Go to the official istithmar website.
2. Click Registration: Locate and click on the “Register” button.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select the preferred account type (Standard, ECN, Pro, Islamic, or Demo).
5. Set Trading Preferences: Choose your trading preferences, including currency and leverage.
6. Document Upload: Upload required identity verification documents.
7. Account Verification: Wait for the broker to verify your documents.
8. Fund Your Account: Once verified, deposit funds to activate your account.
9. Start Trading: Download the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but the mobile interface may have a simplified layout.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are clear and in the required format.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Account approval typically takes 1-3 business days.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of your account type.

istithmar Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading.
• Access to all trading instruments available in live accounts.

How to Open a Demo Account

• Follow the same registration steps as for a live account, selecting the demo option.

Demo Account Limitations

• Limited duration (usually 30-90 days).
• Virtual balance may not reflect real market conditions.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $100,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money and actual trading conditions.

Duration/Expiry of Demo Accounts

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

istithmar Islamic Account Details

Swap-Free/Islamic Account Availability

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

Eligibility Requirements

• Must be a Muslim trader seeking Sharia-compliant trading options.

Differences from Standard Accounts

• Islamic accounts are swap-free and may have different fee structures.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process and provide necessary documentation.

Restrictions or Special Conditions

• Must adhere to Sharia compliance; no interest or swap charges.

FAQs – istithmar Account Types & Opening

1. What account types does istithmar offer？

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

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

• Standard: $20,000; ECN: $20,000; Pro: $50,000; Islamic: $20,000; Demo: Virtual balance.

1. How long does istithmar account verification take？

• Typically 1-3 business days.

1. Does istithmar offer demo accounts？

• Yes, istithmar provides demo accounts for practice trading.

1. Can I have multiple account types with istithmar？

• Yes, you can open multiple accounts of different types.

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

• Yes, Islamic accounts are available.

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

• Government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, by contacting customer support.