Khawaja broker Accounts

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

khawaja Account Types Explained

Khawaja Securities offers a variety of account types tailored to meet the needs of different traders. Below is a detailed overview of each account type, including their minimum deposit requirements, spread structures, leverage options, key features, target user profiles, and available trading instruments.

Account Types Overview

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: Islamic Account
• Advanced Traders: ECN Account
• Institutional Clients: Pro Account

Detailed khawaja Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:
• Low minimum deposit
• Suitable for beginners
• Access to multiple trading instruments
• ECN Account:
• Low spreads and fast execution
• Direct market access
• Ideal for high-frequency trading
• Pro Account:
• High leverage options
• Dedicated account management
• Fixed spreads for better predictability
• Islamic Account:
• Compliant with Sharia law
• No swap fees
• Suitable for Muslim traders
• Demo Account:
• Risk-free trading environment
• Practice strategies before live trading
• Access to all trading instruments

Disadvantages of Each Account Type

• Standard Account:
• Limited features compared to advanced accounts
• Higher spreads than ECN accounts
• ECN Account:
• Higher minimum deposit requirement
• Commission fees can add up
• Pro Account:
• Very high minimum deposit
• Not suitable for casual traders
• Islamic Account:
• Limited to Muslim traders
• May have fewer features than other accounts
• Demo Account:
• No real money trading
• Limited duration for practice

khawaja Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Specific countries may be restricted; check with Khawaja Securities for details.
• Prohibited Countries: Countries under international sanctions may be prohibited.
• Identity Verification Documents Needed: Valid government-issued ID (passport or national ID).
• Proof of Residence Requirements: Utility bill or bank statement showing your name and address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

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

Verification Time Frames

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

Step-by-Step khawaja Account Opening Guide

Registration Process

1. Visit Website: Go to the Khawaja Securities website.
2. Click Registration: Find and click on the registration button.
3. Personal Information Entry: Fill out the required personal information form.
4. Choose Account Type: Select the desired account type based on your trading needs.
5. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
6. Document Upload: Upload the necessary identity verification documents.
7. Account Verification: Wait for account verification, which can take 1-3 business days.
8. Fund Your Account: Once verified, deposit funds into your trading account.
9. Start Trading: Begin trading once your account is funded.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, but mobile users may have a more streamlined experience with fewer steps.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are in the correct format and size.
• Issue: Delayed verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

The average account approval time is typically 1-3 business days, depending on the completeness of the submitted documentation.

How to Upgrade/Downgrade Account Types

To change your account type, contact Khawaja Securities customer support for guidance on the process and any additional requirements.

khawaja Demo Account Guide

Demo Account Features and Benefits

• Risk-Free Trading: Practice trading strategies without financial risk.
• Access to All Instruments: Trade across various markets with virtual funds.
• Real-Time Market Conditions: Experience live market conditions without real money.

How to Open a Demo Account

1. Visit the Khawaja Securities website.
2. Select the demo account option.
3. Fill out the registration form.
4. Receive login details for the demo account.

Demo Account Limitations

• Virtual Balance Amount: Typically, demo accounts come with a virtual balance of PKR 100,000 or equivalent.
• Duration/Expiry of Demo Accounts: Demo accounts may expire after a set period, usually 30-90 days.

Demo vs Live Account Differences

• Risk: Demo accounts are risk-free, while live accounts involve real money.
• Emotional Factors: Trading with real money introduces emotional factors that are absent in demo trading.

khawaja Islamic Account Details

Swap-Free/Islamic Account Availability

Khawaja Securities offers Islamic accounts that comply with Sharia law, allowing Muslim traders to engage in trading without incurring swap fees.

Eligibility Requirements

To qualify for an Islamic account, clients must declare their religious beliefs and provide necessary documentation.

Differences from Standard Accounts

Islamic accounts do not incur swap fees and may have different trading conditions compared to standard accounts.

How to Apply for Islamic Account

Clients can apply for an Islamic account during the registration process or by contacting customer support after account creation.

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions, such as limited leverage or specific instruments that are not available for trading.

FAQs – khawaja Account Types & Opening

1. What account types does khawaja offer？

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

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

• Standard: PKR 5,000; ECN: PKR 50,000; Pro: PKR 1,000,000; Islamic: PKR 10,000; Demo: N/A.

1. How long does khawaja account verification take？

• Account verification typically takes 1-3 business days.

1. Does khawaja offer demo accounts？

• Yes, khawaja offers demo accounts for practice trading.

1. Can I have multiple account types with khawaja？

• Yes, clients can hold multiple account types.

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

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

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

• A valid ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can change your account type by contacting customer support.