PCFX broker Accounts

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

Part 1: pcfx Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.2 pips
• Leverage Options: Up to 1:500
• Key Features: Basic trading tools, access to major currency pairs, suitable for beginners.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips plus a commission of $3.5 per side.
• Leverage Options: Up to 1:500
• Key Features: Direct market access, lower spreads, ideal for high-frequency trading.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, metals, indices.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Competitive spreads with lower commission rates.
• Leverage Options: Up to 1:500
• Key Features: Enhanced trading conditions, priority customer support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account but swap-free.
• Leverage Options: Up to 1:500
• Key Features: No swap fees, compliant with Sharia law.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000)
• Spread/Commission Structure: Same as live accounts.
• Leverage Options: Up to 1:500
• Key Features: Risk-free trading environment, practice strategies.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Same as 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

Part 2: pcfx Account Features Comparison

Detailed pcfx Account Features

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• All account types: Up to 1:500

• Spreads:

• Standard: From 1.2 pips

• ECN: From 0.0 pips

• Pro: Competitive

• Islamic: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $3.5 per side

• Pro: Lower than ECN

• Islamic: None

• Lot Size:

• Standard: 1 lot

• ECN: 0.01 lot (micro)

• Pro: 0.1 lot (mini)

• Islamic: 1 lot

• Demo: 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: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability: Yes for Islamic Account only.

• Swap-Free Options: Available for Islamic Account.

• Demo Account Features:

• Access to all trading instruments

• Practice trading strategies without risk

• Virtual balance typically set at $10,000

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to a wide range of instruments

• ECN Account:

• Tight spreads for high-frequency trading

• Direct market access

• Suitable for scalping strategies

• Pro Account:

• Enhanced trading conditions

• Lower commission rates

• Priority support

• Islamic Account:

• Compliant with Sharia law

• No swap fees

• Suitable for Muslim traders

• Demo Account:

• Risk-free environment

• Ideal for practice and strategy testing

• No time limit for use

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited features for advanced trading

• ECN Account:

• Higher minimum deposit

• Commission fees may reduce profitability

• Pro Account:

• Higher minimum deposit

• May not be suitable for casual traders

• Islamic Account:

• Limited to specific trading conditions

• May have fewer features than standard accounts

• Demo Account:

• No real money involved

• Limited to virtual funds, which may not reflect real market conditions

Part 3: pcfx Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Services may not be available in certain countries.
• Prohibited Countries: Specific countries may be restricted from opening accounts (check with pcfx for the latest list).
• Identity Verification Documents Needed:
• Government-issued ID (passport or driver's license)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Recent documents showing your name and address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

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

Verification Time Frames

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

Part 4: pcfx Account Opening Process

Step-by-Step pcfx Account Opening Guide

1. Visit Website and Click Registration: Go to the pcfx website and select the "Open Account" option.
2. Personal Information Entry: Fill in your personal details such as name, email, and phone number.
3. Choose Account Type: Select the account type that suits your trading needs.
4. Set Trading Preferences: Indicate your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the pcfx team to verify your documents.
7. Fund Your Account: Once verified, deposit funds into your account using your preferred payment method.
8. 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, but the mobile interface may have simplified steps for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are clear and meet size requirements.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Account type changes can be requested through the client portal or by contacting customer support.

Part 5: pcfx Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment for practicing trading strategies.
• Access to all trading instruments available in live accounts.
• Allows traders to familiarize themselves with the trading platform.

How to Open a Demo Account

• Visit the pcfx website and select the "Open Demo Account" option, then follow the registration steps similar to a live account.

Demo Account Limitations

• Limited to virtual funds, which may not reflect actual trading conditions.
• May have a time limit for use, typically 30 days.

Virtual Balance Amount

• Usually set at $10,000 in virtual funds.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money and actual market conditions.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days unless extended by the broker.

Part 6: pcfx Islamic Account Details

Swap-Free/Islamic Account Availability

• pcfx offers Islamic accounts that comply with Sharia law, ensuring no swap fees are charged.

Eligibility Requirements

• Traders must declare their need for an Islamic account and provide necessary documentation to verify their eligibility.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for Muslim traders.

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, such as limitations on certain trading strategies.

FAQs – pcfx Account Types & Opening

1. What account types does pcfx offer？

• pcfx 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 pcfx account verification take？

• Verification typically takes 1-3 business days.

1. Does pcfx offer demo accounts？

• Yes, pcfx provides demo accounts for practice trading.

1. Can I have multiple account types with pcfx？

• Yes, clients can open multiple account types.

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

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

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

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

1. Can I change my account type after registration？

• Yes, you can request to change your account type through the client portal or customer support.