WFD broker Accounts

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

wfd Account Types Explained

wfd offers a variety of account types tailored to meet the needs of different traders. Below is an overview of the available account types, including their key features and target user profiles.

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: Basic trading tools, access to major currency pairs, and educational resources.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, and indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads from 0 pips with a commission of $3 per lot.
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Intermediate to advanced traders.
• Trading Instruments Available: Forex, commodities, and cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads from 1 pip with lower commissions.
• Leverage Options: Up to 1:300
• Key Features: Advanced trading tools, personalized support, and higher leverage.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and stocks.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard accounts but without swap fees.
• Leverage Options: Up to 1:500
• Key Features: Compliance with Sharia law, no overnight fees.
• Target User Profile: Muslim traders seeking Sharia-compliant trading options.
• Trading Instruments Available: Forex and commodities.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically $10,000).
• Spread/Commission Structure: Same as live accounts.
• Leverage Options: Up to 1:500
• Key Features: Practice trading without risk, access to all trading instruments.
• Target User Profile: Beginners and traders looking to test strategies.
• Trading Instruments Available: All instruments available in live accounts.

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 wfd Account Features

Comparison of Features Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual balance

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:300

• Islamic: Up to 1:500

• Demo: Up to 1:500

• Spreads:

• Standard: From 1.5 pips

• ECN: From 0 pips

• Pro: From 1 pip

• Islamic: Same as Standard

• Demo: Same as Live

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: Lower commissions

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro

• ECN: Mini/Standard

• Pro: Standard

• Islamic: Micro

• Demo: Micro

• Available Trading Platforms:

• Standard: MT4

• ECN: MT4/MT5

• Pro: MT4/MT5

• Islamic: MT4

• Demo: MT4/MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• 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:

• Available for all account types with virtual balance.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• Suitable for beginners

• Access to educational resources

• ECN Account:

• Direct market access

• Lower spreads

• Fast execution

• Pro Account:

• Advanced trading tools

• Personalized support

• Higher leverage options

• Islamic Account:

• No swap fees

• Compliance with Sharia law

• Suitable for Muslim traders

• Demo Account:

• Risk-free trading

• Practice strategies

• 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

• More complex for beginners

• Islamic Account:

• Limited to specific trading instruments

• Not all features available

• Demo Account:

• Virtual funds only

• Limited duration for practice

wfd Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; check specific restrictions.
• Prohibited Countries: Countries under international sanctions may be restricted.
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Recent documents showing your name and address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• Complete identity verification through KYC (Know Your Customer) processes.
• Submit required documentation for AML (Anti-Money Laundering) compliance.

Verification Time Frames

• Typically, account verification takes 1-3 business days, depending on the completeness of submitted documents.

Step-by-Step wfd Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Navigate to the wfd homepage and select the account type you wish to open.
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: Indicate your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the 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, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile users may have a more streamlined experience.

Common Registration Issues and Solutions

• Issue: Document upload failures.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Delayed verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Generally, accounts are approved within 1-3 business days.

How to Upgrade/Downgrade Account Types

• Log into your account, navigate to account settings, and follow the prompts to change your account type.

wfd Demo Account Guide

Demo Account Features and Benefits

• Practice trading without financial risk.
• Access to all trading instruments available in live accounts.
• Use of real-time market data.

How to Open a Demo Account

• Visit the wfd website and select the demo account option.
• Complete the registration form to receive access.

Demo Account Limitations

• Limited to virtual funds.
• May have a time limit for usage.

Virtual Balance Amount

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

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.
• Live accounts incur real trading costs, including spreads and commissions.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for a limited time, often 30 days, unless extended.

wfd Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available for all account types, allowing traders to comply with Sharia law.

Eligibility Requirements

• Must provide documentation confirming the need for a swap-free account.

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 the registration process and provide necessary documentation.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions, including limited trading instruments.

FAQs – wfd Account Types & Opening

1. What account types does wfd offer？

• wfd 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: Virtual balance.

1. How long does wfd account verification take？

• Verification typically takes 1-3 business days.

1. Does wfd offer demo accounts？

• Yes, wfd offers demo accounts for practice trading.

1. Can I have multiple account types with wfd？

• Yes, traders can open multiple account types.

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

• Yes, Islamic accounts are available for all account types.

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

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

1. Can I change my account type after registration？

• Yes, you can upgrade or downgrade your account type through your account settings.