kimaya broker Accounts

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

Part 1: kimaya Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips, no commission.
• Leverage Options: Up to 1:500.
• Key Features: Ideal for beginners, access to a wide range of trading instruments.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex, commodities, indices.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Spreads from 0.1 pips, commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, suitable for high-frequency trading.
• Target User Profile: Advanced traders.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 0.0 pips, commission of $2 per lot.
• Leverage Options: Up to 1:100.
• Key Features: Tailored for professional traders, advanced trading tools.
• Target User Profile: Institutional traders.
• Trading Instruments Available: Forex, commodities, indices, stocks.

1. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, depending on the choice.
• Leverage Options: Up to 1:200.
• Key Features: Swap-free, compliant with Sharia law.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities.

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000).
• Spread/Commission Structure: Same as live accounts.
• Leverage Options: Same as live accounts.
• Key Features: Risk-free trading environment, practice strategies.
• Target User Profile: All trader levels.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: Detailed kimaya Account Features

Feature Comparison Across Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $500

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:100

• Islamic: 1:200

• Demo: Same as live accounts

• Spreads (Typical/Minimum):

• Standard: 1.5 pips

• ECN: 0.1 pips

• Pro: 0.0 pips

• Islamic: Varies

• Demo: Same as live accounts

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: Varies

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: 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 Islamic Account type.

• Swap-Free Options:

• Available for Islamic Account.

• Demo Account Features:

• Access to all trading instruments, same trading conditions as live accounts.

Advantages and Disadvantages of Each Account Type

• Standard Account:

• Advantages: Low minimum deposit, no commission, user-friendly.

• Disadvantages: Higher spreads compared to ECN/Pro accounts.

• ECN Account:

• Advantages: Lower spreads, direct market access.

• Disadvantages: Higher minimum deposit, commission fees apply.

• Pro Account:

• Advantages: Tightest spreads, professional trading tools.

• Disadvantages: High minimum deposit, commission fees apply.

• Islamic Account:

• Advantages: Compliant with Sharia law, swap-free.

• Disadvantages: Limited availability of some trading instruments.

• Demo Account:

• Advantages: Risk-free trading, practice environment.

• Disadvantages: Limited to virtual funds, not suitable for real trading experience.

Part 3: kimaya Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to users in most countries, but specific restrictions may apply based on local regulations.
• Prohibited Countries: Users from certain countries may be restricted based on regulatory compliance.

Identity Verification Documents Needed

• Proof of Identity: Government-issued ID (passport, national ID card).
• Proof of Residence: Utility bill, bank statement, or any official document showing the address.

Additional Documentation for Professional Accounts

• Professional Accounts: May require additional documentation such as proof of income or trading experience.

KYC/AML Compliance Procedures

• Know Your Customer (KYC): Verification of identity and address.
• Anti-Money Laundering (AML): Compliance with regulations to prevent money laundering activities.

Verification Time Frames

• Standard Verification: Typically takes 1-3 business days.
• Extended Verification: May take longer if additional documentation is required.

Part 4: Step-by-Step kimaya Account Opening Guide

Registration Process

1. Visit Website and Click Registration: Go to the kimaya website and locate the registration button.
2. Personal Information Entry: Fill in your personal details such as name, email, and phone number.
3. Choose Account Type: Select the type of account you wish to open (Standard, ECN, Pro, etc.).
4. Set Trading Preferences: Specify your trading preferences and leverage options.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the verification process to be completed.
7. Fund Your Account: Deposit funds into your account using available payment methods.
8. Start Trading: Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

• Desktop: Full registration process available with all features.
• Mobile: Simplified registration process, may have limited features.

Common Registration Issues and Solutions

• Issue: Document upload failure.

• 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

• Upgrade: Contact customer support to request an upgrade.
• Downgrade: Follow the same process, but ensure you meet the minimum deposit requirements for the desired account type.

Part 5: kimaya Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments, same trading conditions as live accounts.
• Benefits: Risk-free environment to practice trading strategies without financial risk.

How to Open a Demo Account

• Visit the kimaya website and select the demo account option. Follow the registration process similar to opening a live account.

Demo Account Limitations

• Limited to virtual funds, cannot be used for real trading.

Virtual Balance Amount

• Typically $10,000 in virtual funds.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.

Duration/Expiry of Demo Accounts

• Demo accounts typically remain active for 30 days, but this may vary based on the broker's policies.

Part 6: kimaya Islamic Account Details

Swap-Free/Islamic Account Availability

• Yes, kimaya offers an Islamic account option that is swap-free.

Eligibility Requirements

• Must meet the standard account opening requirements and specify the need for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them compliant with Sharia law.

How to Apply for Islamic Account

• During the registration process, select the Islamic account option or contact customer support for assistance.

Restrictions or Special Conditions

• May have specific trading conditions or limitations on certain instruments.

FAQs – kimaya Account Types & Opening

1. What account types does kimaya offer？

• kimaya 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: $500, Demo: Virtual funds.

1. How long does kimaya account verification take？

• Verification typically takes 1-3 business days.

1. Does kimaya offer demo accounts？

• Yes, kimaya provides demo accounts for practice trading.

1. Can I have multiple account types with kimaya？

• Yes, you can open multiple account types, subject to minimum deposit requirements.

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

• Yes, kimaya offers Islamic accounts that are swap-free.

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

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.