White Fx broker Accounts

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

white fx Account Types Explained

white fx offers several account types tailored to meet the diverse needs of traders, from beginners to seasoned professionals. Below is an overview of the available account types along with their key features:

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: Ideal for beginners, user-friendly interface, access to educational resources.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex pairs, commodities, indices.

2. Low Spread Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Spreads starting from 0.5 pips; commission of $5 per lot.
• Leverage Options: Up to 1:400.
• Key Features: Lower trading costs, suitable for frequent traders.
• Target User Profile: Intermediate traders looking for cost-effective trading.
• Trading Instruments Available: Forex pairs, commodities, indices.

3. Zero Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Zero spreads; commission of $3 per lot.
• Leverage Options: Up to 1:500.
• Key Features: Best for scalpers and high-frequency traders, direct market access.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex pairs, commodities, indices.

4. Professional Account

• Minimum Deposit Requirement: $5,000
• Spread/Commission Structure: Variable spreads from 0.3 pips; commission of $2 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Tailored for institutional clients, advanced trading tools.
• Target User Profile: Professional and institutional traders.
• Trading Instruments Available: Forex pairs, commodities, indices, cryptocurrencies.

5. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account; no swaps applied.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law, no interest on overnight positions.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex pairs, commodities, indices.

6. Demo Account

• Minimum Deposit Requirement: Virtual balance of $10,000.
• Spread/Commission Structure: Similar to Standard Account; no real commissions.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free trading environment, practice trading strategies.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Forex pairs, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: Low Spread Account
• Advanced Traders: Zero Account
• Professional Traders: Professional Account
• Muslim Traders: Islamic Account
• Testers: Demo Account

Detailed white fx Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account: User-friendly, no commission fees, suitable for beginners.
• Low Spread Account: Cost-effective for frequent traders, lower spreads.
• Zero Account: Ideal for scalpers, no spreads, direct market access.
• Professional Account: Advanced tools, tailored for institutional needs.
• Islamic Account: Complies with Sharia law, no interest fees.
• Demo Account: Risk-free environment, practice trading without financial risk.

Disadvantages of Each Account Type

• Standard Account: Higher spreads compared to other accounts.
• Low Spread Account: Requires a higher minimum deposit.
• Zero Account: Commission fees can add up for high volumes.
• Professional Account: High minimum deposit requirement.
• Islamic Account: Limited to specific trading conditions.
• Demo Account: No real money involved, limited to virtual trading.

white fx Account Registration Requirements

Eligibility Criteria

• Age Requirements: Minimum age of 18 years.
• Geographic Restrictions: Not available in certain jurisdictions (specific countries may be restricted).
• Prohibited Countries: Countries under sanctions or with strict trading regulations may be prohibited.
• Identity Verification Documents Needed: Government-issued ID (passport or drivers license).
• Proof of Residence Requirements: Utility bill or bank statement showing current address.
• Additional Documentation for Professional Accounts: Financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• Completion of Know Your Customer (KYC) forms.
• Anti-Money Laundering (AML) checks performed during account verification.

Verification Time Frames

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

Step-by-Step white fx Account Opening Guide

Registration Process

1. Visit Website: Go to the white fx website.
2. Click Registration: Click on the "Sign Up" or "Register" 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 from the options available.
5. Set Trading Preferences: Indicate trading preferences and risk tolerance.
6. Document Upload: Upload necessary identification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds into your account via available payment methods.
9. Start Trading: Begin trading once your account is funded and verified.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile, but the mobile interface may have fewer options visible at once.

Common Registration Issues and Solutions

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

Average Account Approval Time

• The average account approval time is 1-3 business days.

How to Upgrade/Downgrade Account Types

• Account type changes can typically be requested through customer support or the account management section of the website.

white fx Demo Account Guide

Demo Account Features and Benefits

• Offers a virtual balance to practice trading without financial risk.
• Access to the same trading platforms and instruments as live accounts.

How to Open a Demo Account

• Follow the same registration steps but select the demo account option during the account type selection.

Demo Account Limitations

• Limited to virtual trading; no real money involved.
• May have a time limit for usage (usually 30 days).

Virtual Balance Amount

• Typically starts with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity.

white fx Islamic Account Details

Swap-Free/Islamic Account Availability

• white fx offers an Islamic account that is swap-free to comply with Sharia law.

Eligibility Requirements

• Must provide proof of religious adherence and request the account type during registration.

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 or contact customer support.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions that differ from standard accounts.

FAQs – white fx Account Types & Opening

1. What account types does white fx offer？

• white fx offers Standard, Low Spread, Zero, Professional, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $100, Low Spread: $500, Zero: $1,000, Professional: $5,000, Islamic: $100.

1. How long does white fx account verification take？

• Verification typically takes 1-3 business days.

1. Does white fx offer demo accounts？

• Yes, white fx offers a demo account with a virtual balance.

1. Can I have multiple account types with white fx？

• Yes, traders can open multiple account types.

1. Does white fx offer Islamic/swap-free accounts？

• Yes, white fx offers an Islamic account that is swap-free.

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

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

1. Can I change my account type after registration？

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