MEEFX broker Accounts

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

Part 1: fxsway Account Types Overview

fxsway Account Types Explained

FXSway offers a variety of account types tailored to meet the needs of different traders. Below is a detailed overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:500
• Key Features: Designed for beginners, user-friendly interface, access to educational resources.
• Target User Profile: Beginner traders
• Trading Instruments Available: Forex, CFDs on commodities, indices, and cryptocurrencies

1. Var Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Variable spreads starting from 0.8 pips
• Leverage Options: Up to 1:500
• Key Features: Lower spreads, suitable for more experienced traders.
• Target User Profile: Intermediate traders
• Trading Instruments Available: Forex, CFDs on commodities, indices, and cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Tight spreads starting from 0.4 pips, commission applicable
• Leverage Options: Up to 1:500
• Key Features: Advanced trading tools, priority customer support, and lower trading costs.
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, CFDs on commodities, indices, and cryptocurrencies

1. Mini Account

• Minimum Deposit Requirement: $50
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:500
• Key Features: Ideal for new traders wanting to start with a smaller investment.
• Target User Profile: Beginner traders
• Trading Instruments Available: Limited to Forex and a few CFDs

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account or Mini Account
• Intermediate Traders: Var Account
• Professional Traders: Pro Account

Part 2: fxsway Account Features Comparison

Detailed fxsway Account Features

When comparing the features across the different account types at FXSway, the following details are noteworthy:

• Minimum Deposit:

• Standard: $100

• Var: $500

• Pro: $1,000

• Mini: $50

• Maximum Leverage:

• All accounts offer leverage up to 1:500.

• Spreads (Typical/Minimum):

• Standard: 1.0 pips

• Var: 0.8 pips

• Pro: 0.4 pips

• Mini: 1.5 pips

• Commission Fees:

• Standard: None

• Var: None

• Pro: Commission applicable

• Mini: None

• Lot Size:

• Standard: Standard lots

• Var: Standard lots

• Pro: Standard lots

• Mini: Micro lots available

• Available Trading Platforms:

• All accounts support the TradeLocker platform.

• Execution Type:

• All accounts provide market execution.

• Islamic Account Availability:

• Islamic accounts are available upon request for all account types.

• Swap-Free Options:

• Available for Islamic accounts.

• Demo Account Features:

• All account types can open a demo account for practice.

Advantages of Each Account Type

• Standard Account:
• User-friendly, ideal for beginners, no commission fees.
• Var Account:
• Lower spreads, suitable for intermediate traders.
• Pro Account:
• Advanced trading tools, lower trading costs, priority support.
• Mini Account:
• Low entry cost, perfect for new traders.

Disadvantages of Each Account Type

• Standard Account:
• Higher spreads compared to Pro Account.
• Var Account:
• Higher minimum deposit than Standard.
• Pro Account:
• Requires a larger initial investment and commission fees.
• Mini Account:
• Limited trading instruments available.

Part 3: fxsway Account Opening Requirements

fxsway Account Registration Requirements

To open an account with FXSway, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: FXSway accepts clients globally, but restrictions apply to certain countries including Afghanistan, Iran, Japan, and North Korea.
• Prohibited Countries: Clients from countries such as Afghanistan, Botswana, Cuba, and others are not accepted.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Must provide a document showing your current address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

FXSway adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to verify their identity and address.

Verification Time Frames

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

Part 4: fxsway Account Opening Process

Step-by-Step fxsway Account Opening Guide

1. Visit Website and Click Registration: Go to the official FXSway website and click on the “Open Account” button.
2. Personal Information Entry: Fill in the required personal information including name, email, and phone number.
3. Choose Account Type: Select the desired account type from Standard, Var, Pro, or Mini.
4. Set Trading Preferences: Indicate your trading preferences such as leverage and trading platform.
5. Document Upload: Upload necessary identity verification documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Once verified, deposit funds into your trading account.
8. Start Trading: Log into your account and begin trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, with minor differences in interface layout.

Common Registration Issues and Solutions

• Email Not Received: Check spam folder or request a new verification email.
• Invalid Phone Number Format: Ensure the phone number is entered correctly with the correct country code.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

To change your account type, contact FXSway customer support for assistance with the upgrade or downgrade process.

Part 5: fxsway Demo Account Information

fxsway Demo Account Guide

• Demo Account Features and Benefits: Allows traders to practice trading strategies without financial risk using virtual funds.
• How to Open a Demo Account: Select the demo account option during the registration process.
• Demo Account Limitations: Limited to virtual trading; cannot withdraw profits.
• Virtual Balance Amount: Typically starts with a virtual balance of $10,000.
• Demo vs Live Account Differences: Demo accounts do not involve real money, while live accounts require actual deposits.
• Duration/Expiry of Demo Accounts: Demo accounts may expire after 30 days of inactivity.

Part 6: fxsway Islamic Account (if available)

fxsway Islamic Account Details

• Swap-Free/Islamic Account Availability: FXSway offers Islamic accounts that do not incur swap fees.
• Eligibility Requirements: Must provide documentation proving eligibility for an Islamic account.
• Differences from Standard Accounts: Islamic accounts are designed to comply with Sharia law, avoiding interest payments.
• How to Apply for Islamic Account: Request an Islamic account during the registration process or through customer support.
• Restrictions or Special Conditions: Must adhere to specific trading conditions set by FXSway.

FAQs – fxsway Account Types & Opening

1. What account types does fxsway offer？

• FXSway offers Standard, Var, Pro, and Mini accounts.

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

• Standard: $100, Var: $500, Pro: $1,000, Mini: $50.

1. How long does fxsway account verification take？

• Verification typically takes 1-3 business days.

1. Does fxsway offer demo accounts？

• Yes, FXSway provides demo accounts for practice trading.

1. Can I have multiple account types with fxsway？

• Yes, you can have multiple accounts, but they must be registered separately.

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

• Yes, FXSway offers Islamic accounts upon request.

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

• A government-issued ID and proof of address are required.

1. Can I change my account type after registration？

• Yes, you can change your account type by contacting customer support.