PASL broker Accounts

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

pasl Account Types Explained

The PASL (Performance Assessment for School Leaders) offers various account types tailored to different user needs. Below is a detailed overview of each account type available:

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: Basic trading tools, access to educational resources.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, and indices.

2. 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, 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 starting from 1.0 pip; 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, and 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: Swap-free trading in compliance with Islamic finance principles.
• Target User Profile: Muslim traders seeking compliance with Sharia law.
• Trading Instruments Available: Forex and commodities.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Simulated spreads; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading without risk, access to all trading instruments.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: All instruments available in live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed pasl 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: 1:500

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: 1.5 pips

• ECN: 0.0 pips

• Pro: 1.0 pip

• Islamic: Same as Standard

• Demo: Simulated

• Commission Fees:

• Standard: None

• ECN: $3/lot

• Pro: $2/lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Mini and Standard

• ECN: Micro, Mini, and Standard

• Pro: Mini and Standard

• Islamic: Mini and Standard

• Demo: Mini, Micro, and Standard

• Available Trading Platforms:

• Standard: MT4

• ECN: MT4/MT5

• Pro: MT4/MT5

• Islamic: MT4

• Demo: MT4/MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market

• Demo: Market

• Islamic Account Availability: Yes for Islamic Account only.

• Swap-Free Options: Available for Islamic Account.

• Demo Account Features: Unlimited access to virtual funds for practice.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• Ideal for beginners.

• ECN Account:

• Tight spreads.

• Direct market access.

• Suitable for high-frequency trading.

• Pro Account:

• Advanced trading tools.

• Lower commission rates.

• Priority support.

• Islamic Account:

• Compliance with Sharia law.

• No swap fees.

• Same features as Standard Account.

• Demo Account:

• Risk-free trading environment.

• Access to all trading instruments.

• Ideal for strategy testing.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit.

• Commission fees can add up.

• Pro Account:

• Requires a higher initial investment.

• May not be suitable for casual traders.

• Islamic Account:

• Limited to specific trading instruments.

• May have fewer trading tools available.

• Demo Account:

• No real profit.

• Limited time for practice.

pasl Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries; specific restrictions may apply.
• Prohibited Countries: Countries under international sanctions may be restricted.
• Identity Verification Documents Needed: Government-issued ID (passport or drivers license).
• Proof of Residence Requirements: Recent utility bill or bank statement.
• Additional Documentation for Professional Accounts: Proof of professional trading experience may be required.

KYC/AML Compliance Procedures

• All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks as part of the registration process.

Verification Time Frames

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

Step-by-Step pasl Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Go to the PASL official website and click on the registration link.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type from the available options.
4. Set Trading Preferences: Specify trading preferences, including leverage and trading instruments.
5. Document Upload: Upload required identity verification documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once verified and funded, you can start 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 failure.
• Solution: Ensure documents are clear and meet size requirements.
• Issue: Email confirmation not received.
• Solution: Check spam/junk folders or request a resend.

Average Account Approval Time

• The average time for account approval is between 1-3 business days.

How to Upgrade/Downgrade Account Types

• Users can request an upgrade or downgrade by contacting customer support through their account dashboard.

pasl Demo Account Guide

Demo Account Features and Benefits

• The demo account allows users to practice trading with virtual funds, access all trading instruments, and test strategies without financial risk.

How to Open a Demo Account

• Users can open a demo account directly from the PASL website by selecting the demo option during registration.

Demo Account Limitations

• Demo accounts may have a limited duration or a capped virtual balance.

Virtual Balance Amount

• The virtual balance typically ranges from $10,000 to $100,000, depending on the broker's offering.

Demo vs Live Account Differences

• Demo accounts simulate trading conditions but do not involve real money; live accounts require real deposits and involve actual financial risk.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity or can be extended upon request.

pasl Islamic Account Details

Swap-Free/Islamic Account Availability

• PASL offers Islamic accounts that comply with Sharia law, allowing for trading without incurring swap fees.

Eligibility Requirements

• Traders must declare their need for an Islamic account during the registration process.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees and may have different trading conditions.

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 limitations on certain trading strategies that involve overnight positions.

FAQs – pasl Account Types & Opening

1. What account types does pasl offer？

• PASL 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 pasl account verification take？

• Verification typically takes 1-3 business days.

1. Does pasl offer demo accounts？

• Yes, PASL offers demo accounts for practice trading.

1. Can I have multiple account types with pasl？

• Yes, users can have multiple account types.

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

• Yes, PASL offers Islamic accounts that are swap-free.

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

• Government-issued 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.