Robbins broker Accounts

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

Part 1: robbins Account Types Explained

Robbins offers a variety of account types tailored to different trading needs and preferences. Below is an overview of the available account types:

1. Standard Account

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

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Low spreads starting from 0.1 pips, commission of $3 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, suitable for high-frequency trading.
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, indices

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 0.0 pips, commission of $2 per lot
• Leverage Options: Up to 1:100
• Key Features: Designed for professional traders with advanced trading tools.
• Target User Profile: Professional and institutional traders
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies

4. Islamic Account

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

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• 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

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

Part 2: robbins Account Features Comparison

Detailed robbins Account Features

Comparing the features across different account types:

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly interface

• Access to various trading instruments

• No commission fees

• ECN Account:

• Tight spreads for high-frequency trading

• Direct market access

• Suitable for scalping strategies

• Lower latency execution

• Pro Account:

• Best for professional traders

• Lowest spreads and commissions

• Advanced trading tools

• High leverage options

• Islamic Account:

• Compliant with Islamic finance principles

• No swap fees

• Access to the same features as the Standard Account

• Demo Account:

• Risk-free trading environment

• Practice with virtual funds

• 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 requirement

• Commission fees apply

• Pro Account:

• High minimum deposit

• Not suitable for beginners

• Islamic Account:

• Limited availability for non-Muslim traders

• Similar features to Standard Account without additional benefits

• Demo Account:

• No real profits can be made

• Limited duration for practice

Part 3: robbins Account Opening Requirements

robbins Account Registration Requirements

To open a robbins account, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Must be a legal resident of the U.S. or other eligible countries.
• Prohibited Countries: Countries under U.S. sanctions or restrictions.
• Identity Verification Documents Needed:
• Government-issued ID (e.g., Driver's License, Passport)
• Social Security number
• Proof of Residence Requirements: Recent utility bill or bank statement with your name and address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

Robbins adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring verification of identity and residence before account approval.

Verification Time Frames

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

Part 4: robbins Account Opening Process

Step-by-Step robbins Account Opening Guide

1. Visit Website and Click Registration: Go to the robbins website and select the account type you wish to open.
2. Personal Information Entry: Fill in personal details such as name, address, and contact information.
3. Choose Account Type: Select the desired account type from the options available.
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload required identification and proof of residence 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 and verified, you can begin 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 registration.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are in the correct format and within size limits.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

To upgrade or downgrade your account type, contact customer support or use the account management section in your online banking portal.

Part 5: robbins Demo Account Information

robbins Demo Account Guide

The demo account provides a risk-free environment for traders to practice and develop their skills.

Demo Account Features and Benefits

• Access to all trading instruments available in live accounts.
• Ability to practice trading strategies without financial risk.
• Virtual balance to simulate real trading conditions.

How to Open a Demo Account

Visit the robbins website and select the demo account option, then follow the registration steps.

Demo Account Limitations

• Limited duration for use (typically 30 days).
• No real profits can be made.

Virtual Balance Amount

The demo account usually comes with a virtual balance of $100,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.
• Demo accounts may have limited features compared to live accounts.

Duration/Expiry of Demo Accounts

Demo accounts typically expire after 30 days of inactivity.

Part 6: robbins Islamic Account Details

robbins Islamic Account Details

Robbins offers an Islamic account that complies with Sharia law.

Swap-Free/Islamic Account Availability

The Islamic account is available to all eligible traders who adhere to Islamic finance principles.

Eligibility Requirements

Must provide documentation confirming adherence to Islamic finance principles.

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 and provide necessary documentation.

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions or limitations on certain instruments.

FAQs – robbins Account Types & Opening

1. What account types does robbins offer？

• Robbins 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 robbins account verification take？

• Account verification typically takes 1-3 business days.

1. Does robbins offer demo accounts？

• Yes, robbins offers demo accounts for practice trading.

1. Can I have multiple account types with robbins？

• Yes, you can open multiple account types as needed.

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

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

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

• A government-issued ID, Social Security number, and proof of residence.

1. Can I change my account type after registration？

• Yes, you can upgrade or downgrade your account type by contacting customer support.