WARANA CAPITAL broker Accounts

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

warana capital Account Types Explained

Warana Capital offers a variety of account types tailored to meet the needs of different traders. Below is an overview of the available account types along with their respective features.

1. Standard Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:200
• Key Features:
• Access to a wide range of trading instruments
• User-friendly interface
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

2. ECN Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Raw spreads with a commission of $3 per lot
• Leverage Options: Up to 1:100
• Key Features:
• Direct market access
• Faster execution speeds
• Target User Profile: Intermediate to advanced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

3. Pro Account

• Minimum Deposit Requirement: $5,000
• Spread/Commission Structure: Tight spreads starting from 0.5 pips with a commission of $2 per lot
• Leverage Options: Up to 1:300
• Key Features:
• Advanced trading tools and analytics
• Priority customer support
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

4. Islamic Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Similar to Standard Account but swap-free
• Leverage Options: Up to 1:200
• Key Features:
• Compliance with Sharia law
• No overnight interest
• 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 1:200
• Key Features:
• Practice trading with virtual funds
• Access to all trading instruments
• Target User Profile: Beginners and those testing strategies
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed warana capital Account Features

Comparison of Features Across Different Account Types

Advantages of Each Account Type

• Standard Account:
• Low minimum deposit
• User-friendly for beginners
• Access to various instruments
• ECN Account:
• Lower spreads
• Direct market access
• Faster execution
• Pro Account:
• Tightest spreads
• Advanced trading tools
• Priority support
• Islamic Account:
• Compliant with Sharia law
• No overnight interest
• Demo Account:
• Risk-free trading environment
• Practice strategies without financial risk

Disadvantages of Each Account Type

• Standard Account:
• Higher spreads compared to ECN
• ECN Account:
• Higher minimum deposit
• Commission fees apply
• Pro Account:
• Requires significant capital
• Not suitable for beginners
• Islamic Account:
• Limited availability of certain features
• Demo Account:
• No real financial gain
• Limited duration

warana capital Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to traders globally, but may have restrictions in certain jurisdictions.
• Prohibited Countries: Specific countries may be restricted; check with Warana Capital for the latest information.
• Identity Verification Documents Needed:
• Government-issued ID (passport or driver's license)
• Social Security Number (for U.S. residents)
• Proof of Residence Requirements:
• Utility bill or bank statement dated within the last three months
• Additional Documentation for Professional Accounts: May require proof of trading experience and financial status.

KYC/AML Compliance Procedures

Warana Capital adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to verify their identity and address before account approval.

Verification Time Frames

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

Step-by-Step warana capital Account Opening Guide

Registration Process

1. Visit Website and Click Registration: Go to the Warana Capital website and select the 'Register' option.
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 complete.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once your account is funded, you can start trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, but the mobile interface may have a more streamlined design for ease of use.

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 1-3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

To upgrade or downgrade your account type, contact Warana Capital's customer support for assistance with the process.

warana capital Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments with virtual funds.
• Benefits: Allows traders to practice strategies without financial risk.

How to Open a Demo Account

Visit the Warana Capital website and select the option to open a demo account. Follow the prompts to create your account.

Demo Account Limitations

Demo accounts may have a limited duration and may not offer all features available in live accounts.

Virtual Balance Amount

Typically, demo accounts come with a virtual balance of $100,000 for practice trading.

Demo vs Live Account Differences

Demo accounts use virtual funds and do not involve real financial transactions, while live accounts involve actual trading with real money.

Duration/Expiry of Demo Accounts

Demo accounts usually expire after 30 days of inactivity, but this may vary based on the broker's policies.

warana capital Islamic Account Details

Swap-Free/Islamic Account Availability

Warana Capital offers an Islamic account that is compliant with Sharia law, allowing Muslim traders to engage in trading without incurring interest.

Eligibility Requirements

To qualify for an Islamic account, traders must provide proof of their Muslim faith and request the account during the registration process.

Differences from Standard Accounts

Islamic accounts do not incur swap fees, making them suitable for traders who adhere to Islamic finance principles.

How to Apply for Islamic Account

During the account registration process, select the Islamic account option and provide the necessary documentation.

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions, such as limited access to certain instruments or features.

FAQs – warana capital Account Types & Opening

1. What account types does warana capital offer？

• Warana Capital 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: $1,000, Demo: N/A.

1. How long does warana capital account verification take？

• Verification typically takes 1-3 business days.

1. Does warana capital offer demo accounts？

• Yes, Warana Capital offers demo accounts for practice trading.

1. Can I have multiple account types with warana capital？

• Yes, you can open multiple account types, but you may need to contact customer support for assistance.

1. Does warana capital offer Islamic/swap-free accounts？

• Yes, Warana Capital offers Islamic accounts that are compliant with Sharia law.

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

• You will need a government-issued ID and proof of residence.

1. Can I change my account type after registration？

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