WEBSTOCK broker Accounts

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

webstock Account Types Explained

webstock offers a variety of account types to cater to different trading needs. Below is a detailed overview of each account type available:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Access to all trading instruments, educational resources, and customer support.
• Target User Profile: Beginners and intermediate traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Low spreads starting from 0.0 pips; commission of $5 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, faster execution speeds, and no dealing desk intervention.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads starting from 1.5 pips; commission of $3 per lot.
• Leverage Options: Up to 1:100.
• Key Features: Enhanced trading tools, priority customer support, and advanced charting options.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts; no swap fees.
• Leverage Options: Up to 1:200.
• Key Features: Complies with Sharia law, no interest charges on overnight positions.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

5. Demo Account

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

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed webstock Account Features

Feature Comparison Across Different Account Types

Advantages of Each Account Type

• Standard Account: Low minimum deposit, no commission fees, suitable for beginners.
• ECN Account: Low spreads, fast execution, ideal for scalpers.
• Pro Account: Advanced trading tools, priority support, suitable for professionals.
• Islamic Account: Complies with Sharia law, no overnight fees.
• Demo Account: Risk-free trading, practice environment, available for all instruments.

Disadvantages of Each Account Type

• Standard Account: Limited features compared to Pro and ECN accounts.
• ECN Account: Higher minimum deposit and commission fees.
• Pro Account: Higher minimum deposit requirement.
• Islamic Account: Limited availability for non-Muslim traders.
• Demo Account: Virtual funds only, cannot withdraw profits.

webstock Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries, specific restrictions may apply.
• Prohibited Countries: Countries under international sanctions or restrictions.
• Identity Verification Documents Needed: Government-issued ID (passport or drivers license).
• Proof of Residence Requirements: Utility bill or bank statement with the applicant's name and address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• webstock adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring identity verification and proof of residence.

Verification Time Frames

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

Step-by-Step webstock Account Opening Guide

Registration Process

1. Visit Website: Go to the webstock homepage.
2. Click Registration: Locate and click the "Open an Account" button.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select the desired account type (Standard, ECN, Pro, etc.).
5. Set Trading Preferences: Specify trading preferences and leverage options.
6. Document Upload: Upload required identification and proof of residence documents.
7. Account Verification: Wait for account verification (1-3 business days).
8. Fund Your Account: Deposit funds to start trading.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but the mobile app may have additional features like biometric login.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are clear and in the correct format (JPEG, PDF).
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes between 1 to 3 business days.

How to Upgrade/Downgrade Account Types

• Account types can be changed by contacting customer support or through the account management section on the webstock platform.

webstock Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies with virtual funds.
• Access to all trading instruments available in live accounts.

How to Open a Demo Account

• Follow the same registration process, selecting the demo account option during account type selection.

Demo Account Limitations

• Virtual funds cannot be withdrawn, and the demo account may have a time limit.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $10,000 or more.

Demo vs Live Account Differences

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

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for 30 days but can be extended upon request.

webstock Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available and comply with Sharia law by not charging swap fees.

Eligibility Requirements

• Must provide documentation confirming Muslim status.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees for overnight positions.

How to Apply for Islamic Account

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

Restrictions or Special Conditions

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

FAQs – webstock Account Types & Opening

1. What account types does webstock offer？

• webstock 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: $500, Demo: N/A.

1. How long does webstock account verification take？

• Verification typically takes 1 to 3 business days.

1. Does webstock offer demo accounts？

• Yes, webstock offers demo accounts for practice trading.

1. Can I have multiple account types with webstock？

• Yes, you can have multiple account types.

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

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

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

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, account types can be changed by contacting customer support or through the account management section.