leveled up society Account Types & Opening Guide 2025: Complete Comparison and Registration Steps
leveled up society Account Types Explained
Leveled Up Society offers a variety of account types tailored to meet the needs of different traders. Below is an overview of the available account types, their features, and target user profiles.
1. One-Step Evaluation Challenge Account
- Minimum Deposit Requirement: Not specified
- Spread/Commission Structure: Variable spreads
- Leverage Options: Up to 1:100
- Key Features: Unlimited evaluation retries, bi-weekly payouts, overnight and weekend holding allowed, scaling account options.
- Target User Profile: Intermediate to advanced traders
- Trading Instruments Available: Forex pairs, commodities, indices, cryptocurrencies
2. Two-Step Evaluation Challenge Account
- Minimum Deposit Requirement: Not specified
- Spread/Commission Structure: Variable spreads
- Leverage Options: Up to 1:100
- Key Features: More extensive evaluation process, potential for higher funding amounts.
- Target User Profile: Advanced traders looking for more rigorous evaluation
- Trading Instruments Available: Forex pairs, commodities, indices, cryptocurrencies
Comparison Table of Account Types
Recommended Account Types by Trader Level
- Beginners: Not specifically catered to, but can start with demo accounts.
- Intermediate Traders: One-Step Evaluation Challenge Account
- Advanced Traders: Two-Step Evaluation Challenge Account
Detailed leveled up society Account Features
Account Features Comparison
Advantages of Each Account Type
One-Step Evaluation Challenge Account:
- Unlimited evaluation retries
- Bi-weekly payouts
- Overnight and weekend holding allowed
- Scaling account options
- Access to a variety of trading instruments
Two-Step Evaluation Challenge Account:
- More rigorous evaluation process
- Potential for higher funding amounts
- Access to a wider range of trading instruments
- Flexibility in trading strategies
- Suitable for advanced trading techniques
Disadvantages of Each Account Type
One-Step Evaluation Challenge Account:
- Limited initial funding
- Variable spreads can lead to higher costs
Two-Step Evaluation Challenge Account:
- More complex evaluation process
- Potentially longer time to access funds
leveled up society Account Registration Requirements
Eligibility Criteria
- Age Requirements: Must be at least 18 years old.
- Geographic Restrictions: Not specified; check local regulations.
- Prohibited Countries: Not specified; check local regulations.
- Identity Verification Documents Needed: Government-issued ID (passport or drivers license).
- Proof of Residence Requirements: Utility bill or bank statement showing the current address.
- Additional Documentation for Professional Accounts: May require additional financial documentation.
KYC/AML Compliance Procedures
Leveled Up Society adheres to strict KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, requiring all traders to verify their identity and residence before trading.
Verification Time Frames
Verification typically takes a few hours to a couple of days, depending on the volume of applications.
Step-by-Step leveled up society Account Opening Guide
Detailed Step-by-Step Registration Process
- Visit Website and Click Registration: Go to the Leveled Up Society website and select the registration option.
- Personal Information Entry: Fill in your personal details, including name, email, and password.
- Choose Account Type: Select the type of account you wish to open (One-Step or Two-Step Evaluation).
- Set Trading Preferences: Indicate your trading preferences, including leverage and trading instruments.
- Document Upload: Upload the required identification and proof of residence documents.
- Account Verification: Wait for the verification process to be completed.
- Fund Your Account: Once verified, fund your account to start trading.
- Start Trading: Begin trading with your chosen account.
Desktop vs Mobile Registration Differences
The registration process is similar on both desktop and mobile platforms, although mobile users may have a more streamlined experience.
Common Registration Issues and Solutions
-
Issue: Difficulty uploading documents.
Solution: Ensure documents are in the correct format and under the size limit.
Issue: Email verification not received.
Solution: Check spam/junk folders and ensure the email address was entered correctly.
Average Account Approval Time
Typically, account approval takes between a few hours to a couple of days.
How to Upgrade/Downgrade Account Types
Traders can contact customer support to request an upgrade or downgrade of their account type, subject to the firm's policies.
leveled up society Demo Account Guide
Demo Account Features and Benefits
- Access to a virtual trading environment
- Ability to practice trading strategies without financial risk
- Familiarization with the trading platform
How to Open a Demo Account
- Visit the Leveled Up Society website.
- Click on the demo account option.
- Fill in the required information and submit.
Demo Account Limitations
- Limited to virtual funds (typically $100,000).
- May have a time limit on usage (e.g., 30 days).
Virtual Balance Amount
Demo accounts usually provide a virtual balance of $100,000.
Demo vs Live Account Differences
Demo accounts do not involve real money, while live accounts require actual capital investment and involve real market conditions.
Duration/Expiry of Demo Accounts
Demo accounts may expire after a specified period, typically 30 days, unless extended by the firm.
leveled up society Islamic Account Details
Swap-Free/Islamic Account Availability
Leveled Up Society offers Islamic accounts that are compliant with Sharia law, meaning they do not incur swap fees.
Eligibility Requirements
Traders must declare their need for an Islamic account and provide relevant documentation.
Differences from Standard Accounts
Islamic accounts are structured to avoid interest, aligning with Islamic finance principles.
How to Apply for Islamic Account
Indicate the need for an Islamic account during the registration process or contact customer support.
Restrictions or Special Conditions
Islamic accounts may have specific trading conditions, such as limitations on certain trading strategies.
FAQs – leveled up society Account Types & Opening
- What account types does leveled up society offer?
- Leveled Up Society offers One-Step Evaluation Challenge and Two-Step Evaluation Challenge accounts.
- What is the minimum deposit for each account type?
- The minimum deposit is not specified for either account type.
- How long does leveled up society account verification take?
- Verification typically takes a few hours to a couple of days.
- Does leveled up society offer demo accounts?
- Yes, demo accounts are available for practice trading.
- Can I have multiple account types with leveled up society?
- Yes, traders can request to open multiple account types.
- Does leveled up society offer Islamic/swap-free accounts?
- Yes, Islamic accounts are available.
- What documents do I need to open a leveled up society account?
- A government-issued ID and proof of residence are required.
- Can I change my account type after registration?
- Yes, you can contact customer support to request a change in account type.
Leveled Up Society accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .