Pollen Street broker Accounts

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

pollen street Account Types Explained

Pollen Street offers a variety of account types to cater to different trading needs and preferences. Below is an overview of the available account types, including their features, requirements, and target user profiles.

1. Standard Account

• Minimum Deposit Requirement: £500
• Spread/Commission Structure: Variable spreads starting from 1.5 pips; no commission.
• Leverage Options: Up to 1:30 for retail clients.
• Key Features: User-friendly interface, access to a wide range of trading instruments.
• Target User Profile: Beginners and retail traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

2. ECN Account

• Minimum Deposit Requirement: £1,000
• Spread/Commission Structure: Raw spreads starting from 0.1 pips; commission of £5 per lot.
• Leverage Options: Up to 1:100.
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices.

3. Pro Account

• Minimum Deposit Requirement: £5,000
• Spread/Commission Structure: Fixed spreads starting from 1.0 pip; commission of £3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Advanced trading tools, priority customer support.
• Target User Profile: Professional traders and institutional clients.
• Trading Instruments Available: Forex, commodities, indices, and stocks.

4. Islamic Account

• Minimum Deposit Requirement: £500
• Spread/Commission Structure: Similar to the Standard Account; swap-free.
• Leverage Options: Up to 1:30.
• Key Features: Complies with Sharia law, no interest or swap fees.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Similar to the Standard Account.
• Leverage Options: Up to 1:30.
• Key Features: Practice trading without risk, access to real market conditions.
• Target User Profile: Beginners and traders looking to test strategies.
• Trading Instruments Available: Same as live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed pollen street Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:
• Easy to use for beginners.
• No commission fees.
• Access to a wide range of instruments.
• ECN Account:
• Lower spreads and faster execution.
• Suitable for high-frequency trading.
• Direct market access.
• Pro Account:
• Advanced trading features.
• Priority support.
• Higher leverage options.
• Islamic Account:
• Complies with Sharia law.
• No swap fees.
• Accessible to Muslim traders.
• Demo Account:
• Risk-free trading environment.
• Ideal for practice and strategy testing.
• Access to real market conditions.

Disadvantages of Each Account Type

• Standard Account:
• Higher spreads compared to ECN.
• Limited features for advanced trading.
• ECN Account:
• Requires a higher minimum deposit.
• Commission fees apply.
• Pro Account:
• High minimum deposit requirement.
• More complex features may overwhelm beginners.
• Islamic Account:
• Limited to specific trading instruments.
• May have fewer features than standard accounts.
• Demo Account:
• No real monetary gains.
• Limited duration for practice.

pollen street Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries, but specific restrictions may apply.
• Prohibited Countries: Countries under economic sanctions or restrictions may be prohibited.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID).
• Proof of address (utility bill or bank statement).
• Proof of Residence Requirements: Recent documents showing the applicant's name and address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

Pollen Street adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This includes verifying the identity of clients and monitoring transactions for suspicious activities.

Verification Time Frames

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

Step-by-Step pollen street Account Opening Guide

Detailed Step-by-Step Registration Process

1. Visit Website and Click Registration: Navigate to the Pollen Street website and click on the registration button.
2. Personal Information Entry: Fill in personal details such as name, email address, and phone number.
3. Choose Account Type: Select the desired account type based on 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 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

The registration process is similar on both desktop and mobile platforms, with minor differences in layout and navigation.

Common Registration Issues and Solutions

• Issue: Document upload errors.
• Solution: Ensure documents are clear and meet the required specifications.
• Issue: Delays in verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

Typically, account approval takes 1-3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

To change your account type, contact Pollen Street customer support for guidance on the process and any additional requirements.

pollen street Demo Account Guide

Demo Account Features and Benefits

• Features: Access to real market conditions, practice trading strategies, and no financial risk.
• Benefits: Ideal for beginners to learn trading without risking real money.

How to Open a Demo Account

1. Visit the Pollen Street website.
2. Click on the demo account option.
3. Fill in the required personal information.
4. Start practicing with virtual funds.

Demo Account Limitations

• Limited duration for use (typically 30-90 days).
• No real monetary gains from trades.

Virtual Balance Amount

Demo accounts usually come with a virtual balance of £10,000 or equivalent for practice.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Demo accounts may have restrictions on certain features available in live accounts.

Duration/Expiry of Demo Accounts

Demo accounts typically expire after 30-90 days of inactivity.

pollen street Islamic Account Details

Swap-Free/Islamic Account Availability

Pollen Street offers Islamic accounts that comply with Sharia law, ensuring no interest or swap fees are charged.

Eligibility Requirements

To qualify for an Islamic account, clients must declare their need for a swap-free option and provide necessary documentation.

Differences from Standard Accounts

Islamic accounts have similar features to standard accounts but are specifically designed to be compliant with Islamic finance principles.

How to Apply for Islamic Account

Clients can apply for an Islamic account during the registration process or by contacting customer support after account creation.

Restrictions or Special Conditions

Islamic accounts may have limitations on certain trading instruments and require adherence to specific trading practices.

FAQs – pollen street Account Types & Opening

1. What account types does pollen street offer？

• Pollen Street offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: £500, ECN: £1,000, Pro: £5,000, Islamic: £500, Demo: N/A.

1. How long does pollen street account verification take？

• Verification typically takes 1-3 business days.

1. Does pollen street offer demo accounts？

• Yes, Pollen Street offers demo accounts for practice trading.

1. Can I have multiple account types with pollen street？

• Yes, clients can have multiple account types.

1. Does pollen street offer Islamic/swap-free accounts？

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

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

• Government-issued ID and proof of address are required.

1. Can I change my account type after registration？

• Yes, you can change your account type by contacting customer support.