IYO broker Accounts

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

Part 1: iyo Account Types Overview

iyo Account Types Explained

IYO offers several account types tailored to meet the diverse needs of traders. Below are the available account types along with their key features:

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: User-friendly interface, suitable for beginners
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex, commodities, and indices

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Low spreads from 0.1 pips with a commission of $5 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution
• Target User Profile: Experienced traders and scalpers
• Trading Instruments Available: Forex, commodities, cryptocurrencies

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 0.0 pips with a commission of $3 per lot
• Leverage Options: Up to 1:100
• Key Features: Advanced trading tools, priority customer support
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Forex, commodities, indices, and stocks

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: Swap-free trading options
• Target User Profile: Traders adhering to Islamic finance principles
• Trading Instruments Available: Forex, commodities

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Simulates live trading conditions
• Leverage Options: Up to 1:500
• Key Features: Practice trading without risk
• Target User Profile: Beginners and traders testing strategies
• Trading Instruments Available: All instruments available in live accounts

Recommended Account Types by Trader Level

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

Part 2: iyo Account Features Comparison

Detailed iyo Account Features

When comparing the features of the various iyo account types, the following aspects are crucial:

• 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 1:100

• Islamic: Up to 1:500

• Demo: Up to 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.1 pips

• Pro: From 0.0 pips

• Islamic: Similar to Standard

• Demo: Simulated

• Commission Fees:

• Standard: N/A

• ECN: $5 per lot

• Pro: $3 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: ECN

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Demo Account Features:

• Virtual balance amount: Typically $100,000

• Duration/expiry: 30 days or as specified by the broker

Advantages of Each Account Type

• Standard Account:

• Easy to use for beginners

• Low minimum deposit

• Access to a wide range of instruments

• ECN Account:

• Tight spreads and low commissions

• Direct market access

• Suitable for scalping strategies

• Pro Account:

• Best for high-volume traders

• Advanced trading tools

• Priority customer support

• Islamic Account:

• Complies with Islamic finance principles

• No swap fees

• Demo Account:

• Risk-free trading environment

• Ideal for practice and strategy testing

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:

• High minimum deposit

• Not suitable for casual traders

• Islamic Account:

• Limited to specific trading instruments

• May have fewer features compared to standard accounts

• Demo Account:

• No real money involved

• Limited duration

Part 3: iyo Account Opening Requirements

iyo Account Registration Requirements

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

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents in most countries; however, some regions may be restricted.
• Prohibited Countries: Specific countries may be restricted based on local regulations.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Recent documents showing your name and address.
• Additional Documentation for Professional Accounts: May include financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Verification may include identity checks, source of funds, and financial background.

Verification Time Frames

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

Part 4: iyo Account Opening Process

Step-by-Step iyo Account Opening Guide

1. Visit Website and Click Registration: Navigate to the iyo official website and locate 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, including leverage and trading platforms.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the account to be verified by the broker.
7. Fund Your Account: Deposit the minimum required amount to activate your trading account.
8. Start Trading: Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

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

Common Registration Issues and Solutions

• Issue: Document upload errors.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Delays in verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Account types can be changed by contacting customer support and submitting a request for the desired account type.

Part 5: iyo Demo Account Information

iyo Demo Account Guide

Demo Account Features and Benefits

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

How to Open a Demo Account

• Visit the iyo website, select the demo account option, and complete the registration process.

Demo Account Limitations

• Limited duration, typically 30 days, unless extended by the broker.

Virtual Balance Amount

• Usually set at $100,000 for practice purposes.

Demo vs Live Account Differences

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

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days, but may be extended upon request.

Part 6: iyo Islamic Account (if available)

iyo Islamic Account Details

Swap-Free/Islamic Account Availability

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

Eligibility Requirements

• Must adhere to Islamic finance principles.

Differences from Standard Accounts

• No swap fees applied on 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 the broker's terms and conditions for Islamic accounts.

FAQs – iyo Account Types & Opening

1. What account types does iyo offer？

• iyo 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 iyo account verification take？

• Verification typically takes 1-3 business days.

1. Does iyo offer demo accounts？

• Yes, iyo offers demo accounts for practice trading.

1. Can I have multiple account types with iyo？

• Yes, you can have multiple account types.

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

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

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

• Government-issued ID and proof of address are required.

1. Can I change my account type after registration？

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