ROFEX broker Accounts

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

Part 1: rofex Account Types Overview

rofex Account Types Explained

Rofex offers several types of trading accounts tailored to meet the needs of different traders, from beginners to advanced professionals. Below is a detailed overview of the 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: Access to major currency pairs, commodities, and indices; suitable for most traders.
• Target User Profile: Beginner to intermediate traders.
• Trading Instruments Available: Forex, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Low spreads starting from 0.0 pips with a commission of $3 per lot.
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution speeds, and lower spreads.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

3. Pro Account

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

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to the standard account but without swap fees.
• Leverage Options: Up to 1:500
• Key Features: Designed for Muslim traders who require compliance with Sharia law.
• 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 the standard account.
• Leverage Options: Up to 1:500
• Key Features: Allows traders to practice without risking real money; virtual balance typically around $10,000.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: Same as live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: rofex Account Features Comparison

Detailed rofex Account Features

When comparing the features of different rofex account types, the following aspects are crucial:

• Minimum Deposit
• Maximum Leverage
• Spreads (Typical/Minimum)
• Commission Fees
• Lot Size (Micro/Mini/Standard)
• Available Trading Platforms (MT4/MT5/Proprietary)
• Execution Type (Market/Instant/ECN)
• Islamic Account Availability
• Swap-Free Options
• Demo Account Features

Features Comparison

Advantages of Each Account Type

• Standard Account: Low entry barrier, suitable for beginners.
• ECN Account: Tight spreads, direct market access, ideal for scalping.
• Pro Account: Enhanced trading conditions, suitable for professional traders.
• Islamic Account: Complies with Sharia law, no swap fees.
• Demo Account: Risk-free environment to practice trading.

Disadvantages of Each Account Type

• Standard Account: Limited advanced features.
• ECN Account: Higher minimum deposit and commission fees.
• Pro Account: Higher initial investment required.
• Islamic Account: Limited availability of certain trading instruments.
• Demo Account: No real profit potential.

Part 3: rofex Account Opening Requirements

rofex Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Availability may vary by country; check local regulations.
• Prohibited Countries: Specific countries may be restricted; verify with rofex.
• Identity Verification Documents Needed: Valid government-issued ID (passport, national ID).
• Proof of Residence Requirements: Recent utility bill or bank statement showing your address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

Rofex adheres to strict KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations. This involves verifying the identity of clients to prevent fraud and ensure compliance with financial laws.

Verification Time Frames

Account verification typically takes between 24 to 48 hours, depending on the completeness of the submitted documents.

Part 4: rofex Account Opening Process

Step-by-Step rofex Account Opening Guide

1. Visit Website and Click Registration: Go to the official rofex website and click on the “Open Account” button.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the type of account you wish to open based on your trading needs.
4. Set Trading Preferences: Indicate your preferred trading settings and leverage options.
5. Document Upload: Upload the required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete, which may take 24-48 hours.
7. Fund Your Account: Once verified, deposit funds into your trading account using your preferred payment method.
8. Start Trading: Access your trading platform and begin trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, though the mobile interface may have slight variations in layout.

Common Registration Issues and Solutions

• Issue: Document upload errors.
• Solution: Ensure documents are clear and legible.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

Typically, account approval takes 24 to 48 hours, but it may vary based on document verification.

How to Upgrade/Downgrade Account Types

To change your account type, contact rofex customer support for guidance on the process and any necessary documentation.

Part 5: rofex Demo Account Information

rofex Demo Account Guide

Demo Account Features and Benefits

• Practice trading strategies without financial risk.
• Access to the same trading platforms and instruments as live accounts.
• Virtual balance typically around $10,000.

How to Open a Demo Account

1. Visit the rofex website.
2. Click on the “Open Demo Account” option.
3. Fill out the registration form.
4. Receive login credentials for the demo account.

Demo Account Limitations

• Limited to virtual funds; no real profits can be made.
• May have a time limit on usage.

Virtual Balance Amount

The demo account usually comes with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Trading conditions may differ slightly in terms of execution speed and spreads.

Duration/Expiry of Demo Accounts

Demo accounts typically remain active for a limited time, often around 30 days, but this can vary by broker.

Part 6: rofex Islamic Account Details

rofex Islamic Account Details

Swap-Free/Islamic Account Availability

Rofex offers Islamic accounts that comply with Sharia law, allowing Muslim traders to participate without incurring swap fees.

Eligibility Requirements

To qualify for an Islamic account, traders must provide documentation confirming their religious beliefs and intent to trade in compliance with Islamic finance principles.

Differences from Standard Accounts

Islamic accounts do not incur swap fees, which can make them more appealing to Muslim traders.

How to Apply for Islamic Account

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

Restrictions or Special Conditions

Islamic accounts may have limitations on certain trading strategies, such as those involving swaps or overnight positions.

FAQs – rofex Account Types & Opening

1. What account types does rofex offer？

• Rofex 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 rofex account verification take？

• Verification typically takes 24 to 48 hours.

1. Does rofex offer demo accounts？

• Yes, rofex provides demo accounts for practice trading.

1. Can I have multiple account types with rofex？

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

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

• Yes, rofex offers Islamic accounts compliant with Sharia law.

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

• A valid government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can contact customer support to change your account type.