Onelong broker Accounts

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

onelong Account Types Explained

onelong offers a variety of account types tailored to meet the needs of different traders, from beginners to advanced professionals. 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; no commission.
• Leverage Options: Up to 1:500.
• Key Features: User-friendly interface, access to educational resources.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Low spreads starting from 0.1 pips; commission of $5 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, faster execution speeds.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 0.5 pips; commission of $3 per lot.
• Leverage Options: Up to 1:100.
• Key Features: Tailored services, priority customer support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, stocks.

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 charges.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Simulated spreads.
• Leverage Options: Up to 1:500 (simulated).
• 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
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account
• Muslim Traders: Islamic Account
• Practice Traders: Demo Account

Detailed onelong Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:100

• Islamic: Up to 1:500

• Demo: Up to 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.1 pips

• Pro: From 0.5 pips

• Islamic: Similar to Standard

• Demo: Simulated

• Commission Fees:

• Standard: None

• ECN: $5 per lot

• Pro: $3 per lot

• Islamic: None

• Demo: N/A

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, 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: Instant

• ECN: Market

• Pro: Market

• Islamic: Instant

• Demo: Instant

• 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 balance amount: $10,000

• Duration: Unlimited until account is inactive.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to educational resources

• ECN Account:

• Low spreads for active trading

• Direct market access

• Fast execution speeds

• Pro Account:

• Tailored services for professionals

• Lower commission fees

• Priority support

• Islamic Account:

• No swap fees

• Compliant with Sharia law

• Suitable for Muslim traders

• Demo Account:

• Risk-free trading environment

• Practice strategies without financial risk

• Unlimited access to trading tools

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited features for advanced traders

• ECN Account:

• Higher minimum deposit

• Commission fees can add up for frequent traders

• Pro Account:

• High minimum deposit requirement

• Not suitable for casual traders

• Islamic Account:

• Limited to specific trading instruments

• May not be available in all regions

• Demo Account:

• No real money trading experience

• Limited duration for inactivity

onelong Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to traders globally, but may have restrictions in certain countries.
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.
• Identity Verification Documents Needed: Valid government-issued photo ID (passport, drivers license).
• Proof of Residence Requirements: Recent utility bill or bank statement showing the applicant's name and address.
• Additional Documentation for Professional Accounts: Proof of trading experience or financial status may be required.

KYC/AML Compliance Procedures

• onelong adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all users to verify their identity and address before trading.

Verification Time Frames

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

Step-by-Step onelong Account Opening Guide

Registration Process

1. Visit Website: Go to the official onelong website.
2. Click Registration: Click on the "Open Account" or "Register" button.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select the desired account type (Standard, ECN, Pro, etc.).
5. Set Trading Preferences: Indicate trading preferences and leverage settings.
6. Document Upload: Upload required identity and proof of residence documents.
7. Account Verification: Wait for verification of submitted documents.
8. Fund Your Account: Deposit the minimum required amount to activate the account.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with mobile offering a more streamlined interface for quick entry.

Common Registration Issues and Solutions

• Issue: Document upload fails.

• 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

• The average account approval time is 1-3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

• Users can request to upgrade or downgrade their account type through the customer support portal or by contacting their account manager directly.

onelong Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies.
• Access to all trading tools and features available in live accounts.

How to Open a Demo Account

• Visit the onelong website and select the option for a demo account. Fill in the required information to create an account.

Demo Account Limitations

• The demo account is funded with virtual money and cannot be used for real trading.

Virtual Balance Amount

• The demo account typically starts with a virtual balance of $10,000.

Demo vs Live Account Differences

• The demo account uses virtual funds, while the live account requires real money deposits.

Duration/Expiry of Demo Accounts

• The demo account remains active as long as it is used regularly; inactivity may lead to account closure.

onelong Islamic Account Details

Swap-Free/Islamic Account Availability

• onelong offers Islamic accounts that comply with Sharia law, ensuring no interest charges.

Eligibility Requirements

• Must be a Muslim trader seeking a compliant trading environment.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for long-term positions.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process or contact customer support for assistance.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions that differ from standard accounts, including limitations on certain trading instruments.

FAQs – onelong Account Types & Opening

1. What account types does onelong offer？

• onelong 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 onelong account verification take？

• Verification typically takes 1-3 business days.

1. Does onelong offer demo accounts？

• Yes, onelong provides demo accounts for practice trading.

1. Can I have multiple account types with onelong？

• Yes, users can open multiple account types as needed.

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

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

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

• A valid government-issued photo ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, users can request to upgrade or downgrade their account type through customer support.