LIGFX broker Accounts

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

Part 1: ligfx Account Types Explained

Available Account Types

LIGFX offers a variety of account types tailored to different trading needs and preferences. Below is a detailed overview of each account type:

1. Standard Account

• Minimum Deposit: $10
• Spread/Commission Structure: Variable spreads starting from 1 pip
• Leverage Options: Up to 1:1000
• Key Features: Access to a wide range of trading instruments, including Forex and commodities.
• Target User Profile: Beginners and retail traders.
• Trading Instruments Available: Forex pairs, commodities, indices.

1. ECN Account

• Minimum Deposit: $100
• Spread/Commission Structure: Raw spreads with a commission of $5 per lot
• Leverage Options: Up to 1:500
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Advanced and professional traders.
• Trading Instruments Available: Forex, commodities, and indices.

1. Pro Account

• Minimum Deposit: $1000
• Spread/Commission Structure: Competitive spreads with lower commissions
• Leverage Options: Up to 1:400
• Key Features: Enhanced trading conditions, including lower spreads and higher leverage.
• Target User Profile: Experienced traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. Islamic Account

• Minimum Deposit: $100
• Spread/Commission Structure: Similar to the Standard Account
• Leverage Options: Up to 1:1000
• Key Features: Swap-free trading, compliant with Islamic finance principles.
• Target User Profile: Muslim traders seeking Sharia-compliant trading options.
• Trading Instruments Available: Forex pairs and commodities.

1. Demo Account

• Minimum Deposit: Virtual funds (typically $10,000)
• Spread/Commission Structure: Same as the Standard Account
• Leverage Options: Up to 1:1000
• Key Features: Risk-free environment to practice trading strategies.
• Target User Profile: Beginners and traders testing new strategies.
• Trading Instruments Available: Full range of instruments available in live accounts.

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
• Practice Traders: Demo Account

Part 2: ligfx Account Features Comparison

Detailed ligfx Account Features

When comparing the features across different account types at LIGFX, the following points are notable:

• Minimum Deposit:

• Standard: $10

• ECN: $100

• Pro: $1000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: Up to 1:1000

• ECN: Up to 1:500

• Pro: Up to 1:400

• Islamic: Up to 1:1000

• Demo: Up to 1:1000

• Spreads (Typical/Minimum):

• Standard: From 1 pip

• ECN: Raw spreads (typically lower)

• Pro: Competitive spreads

• Islamic: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: $5 per lot

• Pro: Lower commissions

• Islamic: None

• Lot Size:

• Standard: Micro (0.01) to Standard (1.0)

• ECN: Micro to Standard

• Pro: Micro to Standard

• Islamic: Micro to Standard

• Demo: Micro to Standard

• Available Trading Platforms:

• All account types support MT4 and MT5 platforms.

• Execution Type:

• Standard: Market execution

• ECN: ECN execution

• Pro: Market execution

• Islamic: Market execution

• Demo: Market execution

• Islamic Account Availability:

• Available for Standard and Islamic accounts.

• Swap-Free Options:

• Islamic accounts are specifically designed to be swap-free.

• Demo Account Features:

• Full access to trading instruments with virtual funds.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• No commissions

• Suitable for beginners

• ECN Account:

• Direct market access

• Lower spreads

• Ideal for high-frequency trading

• Pro Account:

• Enhanced trading conditions

• Lower commissions

• Suitable for institutional traders

• Islamic Account:

• Compliant with Islamic finance

• No swap fees

• Available for all instruments

• Demo Account:

• Risk-free trading environment

• Practice strategies without financial risk

• Full access to trading tools

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Requires higher minimum deposit

• Commission fees can add up

• Pro Account:

• High minimum deposit

• More suitable for experienced traders

• Islamic Account:

• Limited to specific trading conditions

• May not be available in all regions

• Demo Account:

• Virtual funds do not reflect real market conditions

• Limited duration for practice

Part 3: ligfx Account Registration Requirements

ligfx Account Registration Requirements

To open an account with LIGFX, the following eligibility criteria and documentation are required:

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.

• Geographic Restrictions: Available to residents in most countries, but may be restricted in certain jurisdictions.

• Prohibited Countries: Specific countries may be restricted due to regulatory reasons (details not specified).

• Identity Verification Documents Needed:

• Government-issued photo ID (passport or national ID).

• Proof of residence (utility bill or bank statement).

• Additional Documentation for Professional Accounts:

• Proof of income or financial statements may be required.

• KYC/AML Compliance Procedures:

• LIGFX adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring verification of identity and residence.

• Verification Time Frames:

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

Part 4: ligfx Account Opening Process

Step-by-Step ligfx Account Opening Guide

The process to open an account with LIGFX is straightforward. Follow these steps:

1. Visit the Website: Go to the LIGFX official website.
2. Click Registration: Locate and click on the “Open Account” or “Register” button.
3. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
4. Choose Account Type: Select the account type that suits your trading needs (Standard, ECN, Pro, Islamic, or Demo).
5. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
6. Document Upload: Upload the required identity verification documents.
7. Account Verification: Wait for LIGFX to verify your documents (1-3 business days).
8. Fund Your Account: Once verified, fund your account using your preferred payment method.
9. Start Trading: Begin trading once your account is funded.

Desktop vs Mobile Registration Differences

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

Common Registration Issues and Solutions

• Document Rejection: Ensure documents are clear and match the information provided.
• Email Verification Issues: Check spam folder for verification emails.

Average Account Approval Time

• Typically ranges from 1 to 3 business days, depending on document verification.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of your account type.

Part 5: ligfx Demo Account Guide

ligfx Demo Account Features and Benefits

• Features: Full access to trading instruments with virtual funds.
• Benefits: Risk-free environment to practice trading strategies and familiarize with the trading platform.

How to Open a Demo Account

• Follow the same registration process as for live accounts but select the demo account option.

Demo Account Limitations

• Limited duration (typically 30 days) before requiring renewal.
• Virtual funds do not reflect real market conditions.

Virtual Balance Amount

• Typically set at $10,000 in virtual funds.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money and market conditions.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days but may be extended upon request.

Part 6: ligfx Islamic Account Details

Islamic Account Availability

• LIGFX offers Islamic accounts that comply with Sharia law, allowing for swap-free trading.

Eligibility Requirements

• Must meet the standard account opening requirements and specify the Islamic account during registration.

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.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions that differ from standard accounts.

FAQs – ligfx Account Types & Opening

1. What account types does ligfx offer？

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

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

• Standard: $10, ECN: $100, Pro: $1000, Islamic: $100, Demo: Virtual funds.

1. How long does ligfx account verification take？

• Account verification typically takes 1-3 business days.

1. Does ligfx offer demo accounts？

• Yes, LIGFX provides demo accounts for practice trading.

1. Can I have multiple account types with ligfx？

• Yes, traders can open multiple account types.

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

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

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

• A government-issued photo 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.