KOCHI broker Accounts

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

kochi Account Types Explained

Kochi offers a variety of account types tailored to meet the diverse needs of traders, whether they are beginners or seasoned professionals. Below is an overview of the available account types, including their features and requirements.

1. Standard Account

• Minimum Deposit Requirement: ₹5,000
• Spread/Commission Structure: Fixed spread starting from 2.0 pips
• Leverage Options: Up to 1:100
• Key Features: Basic trading tools, access to major currency pairs, and educational resources.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, and indices.

2. ECN Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Variable spread starting from 0.1 pips + commission of ₹20 per lot.
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Intermediate to advanced traders.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: ₹25,000
• Spread/Commission Structure: Variable spread starting from 0.0 pips + commission of ₹10 per lot.
• Leverage Options: Up to 1:500
• Key Features: Advanced trading tools, priority customer support, and higher leverage.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and stocks.

4. Islamic Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Similar to Standard or ECN accounts but swap-free.
• Leverage Options: Up to 1:100
• Key Features: No overnight fees, compliant with Sharia law.
• Target User Profile: Muslim traders seeking Sharia-compliant trading options.
• Trading Instruments Available: Forex, commodities.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically ₹1,000,000).
• Spread/Commission Structure: Same as live accounts.
• Leverage Options: Same as live accounts.
• Key Features: Risk-free environment to practice trading strategies.
• Target User Profile: Beginners and those testing new strategies.
• Trading Instruments Available: Same as live accounts.

Account Type Comparison Table

Detailed kochi Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: ₹5,000

• ECN: ₹10,000

• Pro: ₹25,000

• Islamic: ₹10,000

• Demo: Virtual balance

• Maximum Leverage:

• Standard: 1:100

• ECN: 1:200

• Pro: 1:500

• Islamic: 1:100

• Demo: Same as live accounts

• Spreads (Typical/Minimum):

• Standard: From 2.0 pips

• ECN: From 0.1 pips

• Pro: From 0.0 pips

• Islamic: Same as Standard/ECN

• Commission Fees:

• Standard: None

• ECN: ₹20 per lot

• Pro: ₹10 per lot

• Islamic: None

• 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: Instant

• Pro: ECN

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: No

• ECN: No

• Pro: No

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Standard: No

• ECN: No

• Pro: No

• Islamic: Yes

• Demo: No

• Demo Account Features:

• Available for all account types; allows practice without financial risk.

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit.
• Easy to use for beginners.
• Access to educational resources.
• Disadvantages:
• Higher spreads compared to ECN and Pro accounts.
• Limited advanced features.

ECN Account

• Advantages:
• Lower spreads and faster execution.
• Direct market access.
• Suitable for scalpers and high-frequency traders.
• Disadvantages:
• Higher minimum deposit.
• Commission fees apply.

Pro Account

• Advantages:
• Best spreads and lowest commission.
• High leverage options.
• Advanced trading tools available.
• Disadvantages:
• High minimum deposit.
• More complex for beginners.

Islamic Account

• Advantages:
• Compliant with Sharia law.
• No overnight fees.
• Disadvantages:
• Limited to specific trading instruments.
• Higher minimum deposit than Standard.

Demo Account

• Advantages:
• Risk-free environment to practice.
• Access to all trading features.
• Disadvantages:
• No real profits.
• Limited to a virtual balance.

kochi Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Open to residents of India and select countries.
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.
• Identity Verification Documents Needed:
• Government-issued ID (Aadhar Card, Passport).
• PAN card.
• Proof of Residence Requirements: Utility bill or bank statement not older than three months.
• Additional Documentation for Professional Accounts: Business registration documents and tax identification.

KYC/AML Compliance Procedures

• Customers must complete Know Your Customer (KYC) verification to comply with Anti-Money Laundering (AML) regulations.
• Verification typically includes submitting identity and address proof.

Verification Time Frames

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

Step-by-Step kochi Account Opening Guide

Detailed Step-by-Step Registration Process

1. Visit Website and Click Registration: Go to the official Kochi trading platform website.
2. Personal Information Entry: Fill in personal details including name, email, and phone number.
3. Choose Account Type: Select the account type that best suits your trading needs.
4. Set Trading Preferences: Specify your trading preferences and risk tolerance.
5. Document Upload: Upload required identity and address verification documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once funded, you can begin trading on the platform.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile registration may have simplified steps and fewer document upload options.

Common Registration Issues and Solutions

• Issue: Document rejection due to poor quality.
• Solution: Ensure documents are clear and legible before uploading.
• Issue: Delays in verification.
• Solution: Contact customer support for updates.

Average Account Approval Time

• Typically ranges from 1 to 3 business days, depending on the completeness of documentation.

How to Upgrade/Downgrade Account Types

• Users can contact customer support to request an upgrade or downgrade, subject to the new account type's requirements.

kochi Demo Account Guide

Demo Account Features and Benefits

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

How to Open a Demo Account

• Visit the trading platform's website and select the demo account option.
• Fill in the required information and create your demo account.

Demo Account Limitations

• Virtual balance may be limited.
• No real profits can be earned.

Virtual Balance Amount

• Typically set at ₹1,000,000 for practice purposes.

Demo vs Live Account Differences

• Demo accounts use virtual currency, while live accounts involve real money.
• Demo accounts may have time limits or expiry dates.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for a limited period, often 30 days, but can be extended based on the platform's policy.

kochi Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available for traders seeking Sharia-compliant options.

Eligibility Requirements

• Must provide documentation proving adherence to Islamic finance principles.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees for overnight positions.

How to Apply for Islamic Account

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

Restrictions or Special Conditions

• May have specific trading instruments available compared to standard accounts.

FAQs – kochi Account Types & Opening

1. What account types does kochi offer？

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

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

• Standard: ₹5,000, ECN: ₹10,000, Pro: ₹25,000, Islamic: ₹10,000, Demo: Virtual balance.

1. How long does kochi account verification take？

• Verification typically takes 1-3 business days.

1. Does kochi offer demo accounts？

• Yes, kochi provides demo accounts for practice trading.

1. Can I have multiple account types with kochi？

• Yes, users can maintain multiple account types.

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

• Yes, kochi offers Islamic accounts that are compliant with Sharia law.

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

• Required documents include a government-issued ID, PAN card, and proof of residence.

1. Can I change my account type after registration？

• Yes, account types can be changed by contacting customer support.