POWERHOUSE broker Accounts

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

Part 1: powerhouse Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:500
• Key Features: User-friendly interface, suitable for beginners, access to all trading instruments.
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

1. 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, lower spreads, suitable for scalping.
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, indices.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads starting from 0.5 pips, commission of $2 per lot
• Leverage Options: Up to 1:400
• Key Features: Enhanced trading conditions, priority customer support.
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

1. Islamic Account

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

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:500
• Key Features: Risk-free environment to practice trading strategies.
• Target User Profile: Beginners and experienced traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: powerhouse Account Features Comparison

Detailed powerhouse Account Features

• 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 1:400

• Islamic: Up to 1:500

• Demo: Up to 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: From 0.5 pips

• Islamic: Same as Standard

• Demo: Same as Standard

• Commission Fees:

• Standard: N/A

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: N/A

• Demo: N/A

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Micro, Mini, 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: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: N/A

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: N/A

• Demo Account Features:

• Virtual funds for practice, same trading conditions as live accounts.

Advantages of Each Account Type

• Standard Account:

• User-friendly interface

• Low minimum deposit

• Access to all trading instruments

• Suitable for beginners

• ECN Account:

• Direct market access

• Lower spreads

• Ideal for scalping

• Advanced trading features

• Pro Account:

• Enhanced trading conditions

• Priority support

• Lower commission rates

• Suitable for professional traders

• Islamic Account:

• Complies with Sharia law

• No swap fees

• Same features as Standard Account

• Demo Account:

• Risk-free trading environment

• Practice strategies without financial risk

• Access to all trading instruments

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees apply

• Pro Account:

• Higher minimum deposit

• Not suitable for beginners

• Islamic Account:

• Limited to Muslim traders

• May have fewer features than Pro Account

• Demo Account:

• Limited duration

• No real financial gains

Part 3: powerhouse Account Registration Requirements

powerhouse Account Registration Requirements

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.

• Geographic Restrictions: Some countries may be restricted.

• Prohibited Countries: Specific countries may be prohibited from opening accounts (details not provided).

• Identity Verification Documents Needed:

• Government-issued ID (passport or driver's license)

• Proof of residence (utility bill or bank statement)

• Additional Documentation for Professional Accounts:

• Business registration documents (if applicable)

• Financial statements (if applicable)

• KYC/AML Compliance Procedures:

• All clients must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.

• Verification Time Frames:

• Account verification typically takes 1-3 business days.

Part 4: powerhouse Account Opening Process

Step-by-Step powerhouse Account Opening Guide

1. Visit Website and Click Registration: Go to the official powerhouse website and click on the registration button.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the account type that best suits your trading needs.
4. Set Trading Preferences: Specify 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 be completed.
7. Fund Your Account: Once verified, fund your account using your preferred payment method.
8. Start Trading: Begin trading on your chosen platform.

Desktop vs Mobile Registration Differences

• Desktop registration typically provides a more comprehensive view of account types and features, while mobile registration may be streamlined for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

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

Part 5: powerhouse Demo Account Guide

powerhouse Demo Account Information

• Demo Account Features and Benefits:

• Practice trading with virtual funds.

• Access to all trading instruments.

• Risk-free environment to test strategies.

• How to Open a Demo Account:

• Register on the powerhouse website and select the demo account option.

• Demo Account Limitations:

• Limited duration (typically 30 days).

• No real financial gains.

• Virtual Balance Amount:

• Typically provided with a virtual balance of $10,000.

• Demo vs Live Account Differences:

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

• Duration/Expiry of Demo Accounts:

• Demo accounts generally expire after 30 days of inactivity.

Part 6: powerhouse Islamic Account Details

powerhouse Islamic Account Information

• Swap-Free/Islamic Account Availability:

• Available for Standard, ECN, and Pro accounts.

• Eligibility Requirements:

• Must be a Muslim trader adhering to Sharia law.

• Differences from Standard Accounts:

• No swap fees applied to trades.

• How to Apply for Islamic Account:

• Select the Islamic account option during the registration process.

• Restrictions or Special Conditions:

• Must comply with Sharia law regarding trading practices.

FAQs – powerhouse Account Types & Opening

1. What account types does powerhouse 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: N/A.

1. How long does powerhouse account verification take？

• Typically 1-3 business days.

1. Does powerhouse offer demo accounts？

• Yes, powerhouse offers demo accounts for practice trading.

1. Can I have multiple account types with powerhouse？

• Yes, users can open multiple account types.

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

• Yes, Islamic accounts are available for Standard, ECN, and Pro accounts.

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

• A government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type.