NAGOYA broker Accounts

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

Part 1: nagoya Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: ¥10,000
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:100
• Key Features: Basic trading features, suitable for beginners
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: ¥50,000
• Spread/Commission Structure: Low spreads from 0.1 pips + commission
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower latency
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: ¥100,000
• Spread/Commission Structure: Fixed spreads starting from 0.5 pips + lower commission
• Leverage Options: Up to 1:300
• Key Features: Enhanced trading tools, priority customer support
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, stocks

1. Islamic Account

• Minimum Deposit Requirement: ¥10,000
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:100
• Key Features: No swap fees, compliant with Sharia law
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically ¥1,000,000)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:100
• Key Features: Practice trading without risk
• Target User Profile: Beginners and those testing strategies
• Trading Instruments Available: Forex, commodities, indices

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: nagoya Account Features Comparison

Detailed nagoya Account Features

• Minimum Deposit:

• Standard: ¥10,000

• ECN: ¥50,000

• Pro: ¥100,000

• Islamic: ¥10,000

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:100

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:100

• Demo: 1:100

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.1 pips

• Pro: From 0.5 pips

• Islamic: Same as Standard

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: Yes, variable

• Pro: Lower than ECN

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro (0.01)

• ECN: Mini (0.1)

• Pro: Standard (1.0)

• Islamic: Micro (0.01)

• Demo: Micro (0.01)

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, proprietary

• 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: Not applicable

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: Not applicable

• Demo Account Features:

• Virtual funds for practice

• Same trading conditions as live accounts

• Unlimited duration (depending on broker)

Advantages of Each Account Type

• Standard Account:

• Easy to open

• No commission fees

• Suitable for beginners

• ECN Account:

• Lower spreads

• Direct market access

• Ideal for scalpers

• Pro Account:

• Enhanced trading tools

• Lower commission fees

• Priority support

• Islamic Account:

• Compliant with Sharia law

• No swap fees

• Accessible for Muslim traders

• Demo Account:

• Risk-free trading environment

• Practice strategies

• Familiarize with the platform

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited features

• ECN Account:

• Requires higher minimum deposit

• Commission fees may add up

• Pro Account:

• High minimum deposit requirement

• More complex trading tools

• Islamic Account:

• Limited to Muslim traders

• May have fewer features than Pro accounts

• Demo Account:

• No real money involved

• Limited to practice only

Part 3: nagoya Account Registration Requirements

nagoya Account Registration Requirements

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old

• Geographic Restrictions: Open to residents of Japan and select countries

• Prohibited Countries: Specific countries may be restricted based on local regulations

• Identity Verification Documents Needed:

• Valid passport

• Residence card (Zairyu Card)

• Proof of address (utility bill, rental agreement)

• Proof of Residence Requirements:

• Must provide a document showing your current address in Japan

• Additional Documentation for Professional Accounts:

• Employment verification letter (for Pro and ECN accounts)

• KYC/AML Compliance Procedures:

• Complete identity verification

• Provide necessary documentation for compliance

• Verification Time Frames:

• Typically 3-5 business days for account verification

Part 4: nagoya Account Opening Process

Step-by-Step nagoya Account Opening Guide

1. Visit Website and Click Registration: Go to the nagoya trading platform and select the account type.
2. Personal Information Entry: Fill in your personal details including name, address, and contact information.
3. Choose Account Type: Select the account type you wish to open (Standard, ECN, Pro, Islamic).
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload required identity verification documents.
6. Account Verification: Wait for the account verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

• Desktop: Full registration process with document upload.
• Mobile: May allow for simplified registration but often requires later verification.

Common Registration Issues and Solutions

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

Average Account Approval Time

• Typically 3-5 business days for standard accounts.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an account type change.

Part 5: nagoya Demo Account Information

nagoya Demo Account Guide

• Demo Account Features and Benefits:

• Practice trading with virtual funds

• Test strategies without risk

• Familiarize with the trading platform

• How to Open a Demo Account:

• Visit the nagoya website and select the demo account option.

• Fill in the required information and submit.

• Demo Account Limitations:

• Limited to virtual trading only

• No real money involved

• Virtual Balance Amount:

• Typically set at ¥1,000,000 in virtual funds.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds; live accounts use real money.

• Live accounts incur real trading costs (spreads, commissions).

• Duration/Expiry of Demo Accounts:

• Demo accounts may have an unlimited duration depending on the broker's policy.

Part 6: nagoya Islamic Account Details

nagoya Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Available for Standard, ECN, and Pro accounts.

• Eligibility Requirements:

• Must be a Muslim trader.

• Differences from Standard Accounts:

• No swap fees applied to overnight positions.

• How to Apply for Islamic Account:

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

• Restrictions or Special Conditions:

• Must adhere to Islamic finance principles.

FAQs – nagoya Account Types & Opening

1. What account types does nagoya offer？

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

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

• Standard: ¥10,000, ECN: ¥50,000, Pro: ¥100,000, Islamic: ¥10,000, Demo: Virtual funds.

1. How long does nagoya account verification take？

• Typically 3-5 business days.

1. Does nagoya offer demo accounts？

• Yes, nagoya offers demo accounts for practice trading.

1. Can I have multiple account types with nagoya？

• Yes, you can open multiple accounts with different types.

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

• Yes, Islamic accounts are available for Standard, ECN, and Pro accounts.

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

• Passport, residence card, proof of address, and possibly employment verification for professional accounts.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.