LIBFX broker Accounts

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

Part 1: libfx Account Types Overview

libfx Account Types Explained

libfx offers several account types tailored to different trading needs and experiences. Below is a detailed overview of each account type:

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: User-friendly interface, suitable for beginners.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex, commodities, indices.

1. ECN Account

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

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 0.0 pips; 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, cryptocurrencies.

1. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Compliant with Sharia law, no interest on overnight positions.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading without risk, access to all trading instruments.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account
• Muslim Traders: Islamic Account
• All Levels (for practice): Demo Account

Part 2: libfx Account Features Comparison

Detailed libfx Account Features

Comparing the features across different libfx account types reveals important distinctions:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $500

• 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 1.5 pips

• ECN: From 0.1 pips

• Pro: From 0.0 pips

• Islamic: Similar to Standard

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $5 per lot

• Pro: $3 per lot

• Islamic: None

• 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: ECN

• Islamic: Market

• Demo: Market

• Islamic Account Availability: Yes for Islamic Account only.

• Swap-Free Options: Available for Islamic Account.

• Demo Account Features: Unlimited access to trading instruments with virtual funds.

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 for faster execution.

• Suitable for scalping strategies.

• Pro Account:

• Best for high-volume traders.

• Advanced trading tools and analytics.

• Lower commission rates.

• Islamic Account:

• Compliant with Islamic finance principles.

• No swap fees for overnight positions.

• Available for all trading instruments.

• Demo Account:

• Risk-free trading environment.

• Ideal for testing strategies.

• Access to all features without financial commitment.

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 for frequent traders.

• Pro Account:

• High minimum deposit requirement.

• Not suitable for casual traders.

• Islamic Account:

• Limited availability for non-Muslim traders.

• May have restrictions on certain trading strategies.

• Demo Account:

• No real financial gains.

• Limited duration for practice trading.

Part 3: libfx Account Opening Requirements

libfx Account Registration Requirements

Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; specific restrictions may apply based on local regulations.
• Prohibited Countries: Countries under international sanctions or those with strict trading regulations may be prohibited.

Identity Verification Documents Needed:

• Proof of Identity: Government-issued ID (passport, drivers license).
• Proof of Residence: Utility bill, bank statement, or any official document showing your name and address.

Additional Documentation for Professional Accounts:

• Financial statements or proof of trading experience may be required.

KYC/AML Compliance Procedures:

• Completion of Know Your Customer (KYC) verification is mandatory.
• Anti-Money Laundering (AML) checks will be conducted.

Verification Time Frames:

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

Part 4: libfx Account Opening Process

Step-by-Step libfx Account Opening Guide

1. Visit Website and Click Registration:

• Go to the official libfx website and click on the "Register" button.

1. Personal Information Entry:

• Fill in personal details such as name, email, and phone number.

1. Choose Account Type:

• Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).

1. Set Trading Preferences:

• Specify trading preferences including leverage and trading instruments.

1. Document Upload:

• Upload required identification and proof of residence documents.

1. Account Verification:

• Wait for the verification process to complete, which may take 1-3 business days.

1. Fund Your Account:

• Deposit the minimum required amount to activate your trading account.

1. 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, but the mobile interface may have a simplified layout.

Common Registration Issues and Solutions

• Issue: Document upload fails.

• Solution: Ensure documents are in the correct format (PDF, JPEG) and within size limits.

• Issue: Verification delays.

• Solution: Check email for any requests for additional information.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of your account type; additional documentation may be required.

Part 5: libfx Demo Account Information

libfx Demo Account Guide

Demo Account Features and Benefits

• Offers a risk-free environment to practice trading.
• Access to all trading instruments and features available in live accounts.

How to Open a Demo Account

• Follow the same registration steps as for a live account but select the Demo Account option.

Demo Account Limitations

• No real financial gains; virtual funds are used for trading.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts do not involve real money; live accounts require a minimum deposit.

Duration/Expiry of Demo Accounts

• Demo accounts may expire after a certain period, usually 30 days, but can often be renewed.

Part 6: libfx Islamic Account (if available)

libfx Islamic Account Details

Swap-Free/Islamic Account Availability

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

Eligibility Requirements

• Must be a Muslim trader; proof may be required.

Differences from Standard Accounts

• No swap fees for overnight positions; otherwise, features are similar.

How to Apply for Islamic Account

• Select the Islamic account option during registration or contact customer support for assistance.

Restrictions or Special Conditions

• Islamic accounts may have limitations on certain trading strategies that involve interest.

FAQs – libfx Account Types & Opening

1. What account types does libfx offer？

• libfx 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: N/A.

1. How long does libfx account verification take？

• Verification typically takes 1-3 business days.

1. Does libfx offer demo accounts？

• Yes, libfx provides demo accounts for practice trading.

1. Can I have multiple account types with libfx？

• Yes, traders can open multiple accounts of different types.

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

• Yes, Islamic accounts are available for Muslim traders.

1. What documents do I need to open a libfx 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.