POOPAC broker Accounts

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

Part 1: poopac Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:500
• Key Features: Ideal for beginners; access to a wide range of trading instruments.
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. ECN Account

• Minimum Deposit: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips with a commission of $5 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, indices.

1. Pro Account

• Minimum Deposit: $1,000
• Spread/Commission Structure: Fixed spreads starting from 1.0 pip
• Leverage Options: Up to 1:300
• Key Features: Designed for professional traders; offers advanced trading tools.
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. Islamic Account

• Minimum Deposit: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: Swap-free, compliant with Islamic finance principles.
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit: Virtual balance of $10,000
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: Practice trading without risk; access to all trading instruments.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Advanced Traders: ECN Account
• Professional Traders: Pro Account
• Muslim Traders: Islamic Account
• Practice Traders: Demo Account

Part 2: Detailed poopac Account Features

Comparison of Features Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: $0

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:300

• Islamic: Up to 1:500

• Demo: Up to 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.0 pips

• Pro: From 1.0 pip

• Islamic: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: $5 per lot

• Pro: None

• Islamic: None

• Lot Size:

• Standard: 1 lot

• ECN: 1 lot

• Pro: 1 lot

• 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:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Swap-free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Demo Account Features:

• Virtual balance of $10,000, access to all trading instruments.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• Beginner-friendly

• Access to various instruments

• ECN Account:

• Low spreads

• Fast execution

• Direct market access

• Pro Account:

• Advanced tools

• Fixed spreads

• Professional trading environment

• Islamic Account:

• Compliant with Islamic finance

• No swap fees

• Similar features to Standard Account

• Demo Account:

• Risk-free trading

• Practice strategies

• Access to all instruments

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited features for advanced traders

• ECN Account:

• Higher minimum deposit

• Commission fees apply

• Pro Account:

• Higher minimum deposit

• Not suitable for beginners

• Islamic Account:

• Limited to Muslim traders

• Similar limitations as Standard Account

• Demo Account:

• Virtual funds only

• Limited duration

Part 3: poopac Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; specific restrictions may apply.
• Prohibited Countries: Countries under sanctions or with specific trading restrictions.
• Identity Verification Documents Needed: Government-issued ID (passport or driver's license).
• Proof of Residence Requirements: Utility bill or bank statement with 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

• Verification of identity and address through submitted documents.
• Compliance with anti-money laundering regulations.

Verification Time Frames

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

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

Detailed Registration Process

1. Visit Website and Click Registration: Go to the poopac website and find the registration button.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Specify trading preferences and leverage options.
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 start trading.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile users may have a more streamlined experience.

Common Registration Issues and Solutions

• Issue: Document not accepted.
• Solution: Ensure documents are clear and meet the requirements.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Log into your account, navigate to account settings, and follow the prompts to change account types.

Part 5: poopac Demo Account Guide

Demo Account Features and Benefits

• Offers a virtual balance of $10,000 for practice.
• Access to all trading instruments.
• Ideal for testing strategies without financial risk.

How to Open a Demo Account

• Follow the same registration process as a live account but select "Demo Account" during the account type selection.

Demo Account Limitations

• Limited to virtual funds; cannot withdraw or transfer to live accounts.

Virtual Balance Amount

• Typically set at $10,000 for practice purposes.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money and trading risks.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for 30 days, after which they may expire unless extended.

Part 6: poopac Islamic Account Details

Swap-free/Islamic Account Availability

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

Eligibility Requirements

• Must be a Muslim trader seeking a swap-free trading environment.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, while standard accounts may.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process and provide necessary documentation.

Restrictions or Special Conditions

• Islamic accounts may have similar trading conditions as standard accounts but without swap fees.

FAQs – poopac Account Types & Opening

1. What account types does poopac offer？

• 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: $0.

1. How long does poopac account verification take？

• Typically 1-3 business days.

1. Does poopac offer demo accounts？

• Yes, a demo account is available with a virtual balance.

1. Can I have multiple account types with poopac？

• Yes, you can open multiple account types.

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

• Yes, Islamic accounts are available.

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

• A government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can upgrade or downgrade your account type through account settings.