OJ broker Accounts

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

Part 1: oj Account Types Explained

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: User-friendly interface, access to basic trading tools.
• Target User Profile: Beginners and intermediate traders.
• Trading Instruments Available: Forex, commodities, indices.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, faster execution.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; commission of $2 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Advanced trading tools, priority customer support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, stocks.

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law, no interest fees.
• Target User Profile: Traders seeking Sharia-compliant trading options.
• Trading Instruments Available: Forex, commodities.

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000).
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Same as Standard Account.
• Key Features: Practice trading without risk, access to all trading tools.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account, Demo Account
• Intermediate: Pro Account
• Advanced: ECN Account
• Professional: Pro Account

Part 2: Detailed oj Account Features

Feature Comparison Across Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:500

• Demo: Same as Standard

• Spreads (Typical/Minimum):

• Standard: 1.5 pips

• ECN: 0.0 pips

• Pro: 1.0 pips

• Islamic: 1.5 pips

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: 1 lot

• ECN: 0.1 lot

• Pro: 1 lot

• Islamic: 1 lot

• Demo: 0.1 lot

• 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: N/A

• Demo: N/A

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: N/A

• Demo Account Features:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: Yes

Advantages and Disadvantages of Each Account Type

• Standard Account:

• Advantages: Low minimum deposit, no commission, user-friendly.

• Disadvantages: Higher spreads compared to ECN.

• ECN Account:

• Advantages: Low spreads, direct market access, suitable for scalping.

• Disadvantages: Higher minimum deposit, commission fees.

• Pro Account:

• Advantages: Advanced trading tools, lower commission fees.

• Disadvantages: Higher minimum deposit.

• Islamic Account:

• Advantages: Complies with Sharia law, no swap fees.

• Disadvantages: Limited availability of certain trading instruments.

• Demo Account:

• Advantages: Risk-free trading, practice strategies.

• Disadvantages: Virtual funds may not reflect real market conditions.

Part 3: oj Account Registration Requirements

Eligibility Criteria

• Age Requirements: Minimum age of 18 years.
• Geographic Restrictions: Available in most countries; check specific country regulations.
• Prohibited Countries: Countries under international sanctions or restrictions.
• Identity Verification Documents Needed: Government-issued ID (passport, drivers license).
• Proof of Residence Requirements: Utility bill or bank statement showing current address.
• Additional Documentation for Professional Accounts: Proof of trading experience or financial statements.

KYC/AML Compliance Procedures

• Complete identity verification through document submission.
• Answer security questions to confirm identity.
• Compliance with Anti-Money Laundering (AML) regulations.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on document submission and review.

Part 4: Step-by-Step oj Account Opening Guide

Registration Process

1. Visit Website and Click Registration: Navigate to the oj trading platform and select the registration option.
2. Personal Information Entry: Fill in personal details including name, email, and phone number.
3. Choose Account Type: Select the desired account type based on trading needs.
4. Set Trading Preferences: Specify leverage, trading instruments, and other preferences.
5. Document Upload: Upload required identity verification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to start trading.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• Desktop registration may offer a more comprehensive interface, while mobile registration is streamlined for quick access.
• Document upload features may vary based on device capabilities.

Common Registration Issues and Solutions

• Issue: Document not accepted.

• Solution: Ensure documents are clear and meet specified requirements.

• Issue: Email verification not received.

• Solution: Check spam/junk folders or request a new verification email.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Contact customer support to request an account type change, providing necessary documentation if required.

Part 5: oj Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments, virtual funds for practice.
• Benefits: Risk-free environment to learn trading strategies and test the platform.

How to Open a Demo Account

• Select the demo account option during the registration process or through the trading platform.

Demo Account Limitations

• Limited to virtual funds and may not provide access to all features available in live accounts.

Virtual Balance Amount

• Typically set at $10,000 for practice.

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts involve real money trading.
• Market conditions may differ between demo and live environments.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for 30 days but may be extended based on broker policies.

Part 6: oj Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available for all account types (Standard, ECN, Pro).

Eligibility Requirements

• Must declare the need for an Islamic account during registration.

Differences from Standard Accounts

• No swap fees applied, adhering to Sharia law.

How to Apply for Islamic Account

• Indicate the request for an Islamic account during the registration process.

Restrictions or Special Conditions

• Must comply with Islamic finance principles; trading in prohibited instruments is not allowed.

FAQs – oj Account Types & Opening

1. What account types does oj offer？

• oj 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: Virtual funds.

1. How long does oj account verification take？

• Verification typically takes 1-3 business days.

1. Does oj offer demo accounts？

• Yes, oj offers demo accounts for practice trading.

1. Can I have multiple account types with oj？

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

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

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

1. What documents do I need to open a oj 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 change your account type through customer support.