Luxstar broker Accounts

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

luxstar Account Types Explained

luxstar offers a variety of account types tailored to meet the needs of different traders. Below is an overview of the 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: Suitable for beginners; access to all trading instruments.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of $5 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access; lower spreads; ideal for scalping.
• Target User Profile: Advanced traders.
• Trading Instruments Available: Forex, commodities, indices.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads starting from 1.0 pip; commission of $3 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Enhanced trading conditions; priority customer support.
• Target User Profile: Professional traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account; 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.

5. 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 with virtual funds; access to all trading instruments.
• Target User Profile: All levels of traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed luxstar Account Features

Feature Comparison Across Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.0 pips

• Pro: From 1.0 pip

• 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: 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: Instant

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: N/A

• Demo Account Features:

• Virtual funds for practice trading.

• Access to all trading instruments.

• Same trading conditions as Standard Account.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• Suitable for beginners.

• ECN Account:

• Direct market access.

• Lower spreads.

• Ideal for scalping.

• Pro Account:

• Enhanced trading conditions.

• Priority customer support.

• Suitable for professional traders.

• Islamic Account:

• Compliant with Sharia law.

• No overnight interest.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Practice strategies without financial risk.

• Access to all trading instruments.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit.

• Commission fees apply.

• Pro Account:

• Higher minimum deposit.

• Commission fees apply.

• Islamic Account:

• Limited to Muslim traders.

• May have restrictions on certain trading strategies.

• Demo Account:

• No real financial gains.

• Limited duration for practice.

luxstar Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; specific restrictions may apply.
• Prohibited Countries: Countries under international sanctions or those with restrictive financial regulations.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID).
• Proof of address (utility bill or bank statement).
• Proof of Residence Requirements: Recent documents showing the applicant's name and address.
• Additional Documentation for Professional Accounts: Financial statements or proof of trading experience may be required.

KYC/AML Compliance Procedures

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Verification of identity and address is mandatory.

Verification Time Frames

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

Step-by-Step luxstar Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Go to the luxstar website and find the registration link.
2. Personal Information Entry: Fill out the required 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 such as leverage and trading instruments.
5. Document Upload: Upload the necessary identification and proof of residence documents.
6. Account Verification: Wait for the verification team to review your documents.
7. Fund Your Account: Once verified, deposit the minimum required amount to activate your account.
8. Start Trading: Access your trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile; however, mobile users may have a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and in the correct format (PDF, JPEG).
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Account upgrades or downgrades can be requested through the client dashboard or by contacting customer support.

luxstar Demo Account Guide

Demo Account Features and Benefits

• Access to all trading instruments.
• Practice trading strategies without financial risk.
• Virtual funds available for trading.

How to Open a Demo Account

• Visit the luxstar website and select the demo account option.
• Fill out the registration form and submit.

Demo Account Limitations

• Limited duration for use (usually 30 days).
• No real financial gains from trades.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $100,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.
• Trading conditions may vary slightly between demo and live accounts.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity.

luxstar Islamic Account Details

Swap-Free/Islamic Account Availability

• luxstar offers Islamic accounts that are compliant with Sharia law.

Eligibility Requirements

• Must be a Muslim trader.

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 or limitations on certain instruments.

FAQs – luxstar Account Types & Opening

1. What account types does luxstar offer？

• luxstar 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: $100, Demo: N/A.

1. How long does luxstar account verification take？

• Verification typically takes 1-3 business days.

1. Does luxstar offer demo accounts？

• Yes, luxstar provides demo accounts for practice trading.

1. Can I have multiple account types with luxstar？

• Yes, traders can open multiple account types.

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

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

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

• A government-issued ID and proof of address 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.