WWB broker Accounts

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

Part 1: wwb Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips, no commissions.
• Leverage Options: Up to 1:500.
• Key Features: User-friendly interface, suitable for beginners.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips, commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, ideal for high-frequency trading.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Competitive spreads starting from 1.0 pips, commission varies.
• Leverage Options: Up to 1:100.
• Key Features: Advanced trading tools, priority customer support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, stocks.

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account, no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Swap-free trading, compliant with Islamic finance principles.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Simulated trading conditions.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free environment to practice trading strategies.
• Target User Profile: Beginners and traders testing 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: Demo Account

Part 2: Detailed wwb Account Features

Feature Comparison Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• Easy to use for beginners.

• No commission fees.

• High leverage options.

• ECN Account:

• Access to raw spreads.

• Ideal for high-frequency trading.

• Lower trading costs for active traders.

• Pro Account:

• Advanced trading tools.

• Priority support.

• Suitable for professional trading.

• Islamic Account:

• Compliant with Islamic finance.

• No swap fees.

• Standard trading features.

• Demo Account:

• Risk-free trading environment.

• Practice with virtual funds.

• 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:

• Requires substantial capital.

• Commission fees can be high.

• Islamic Account:

• Limited to Muslim traders.

• No swap options may limit trading strategies.

• Demo Account:

• No real profits.

• Limited to virtual trading conditions.

Part 3: wwb Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries, but may be restricted in certain jurisdictions.
• Prohibited Countries: Specific countries may be restricted based on local regulations (check with wwb for details).
• Identity Verification Documents Needed:
• Government-issued ID (passport, driver's license).
• Proof of address (utility bill, 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

• All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Verification may include document submission and identity checks.

Verification Time Frames

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

Part 4: Step-by-Step wwb Account Opening Guide

Registration Process

1. Visit Website: Go to the official wwb website.
2. Click Registration: Find the registration button on the homepage.
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 available options.
5. Set Trading Preferences: Specify trading preferences and leverage options.
6. Document Upload: Upload required identity verification documents.
7. Account Verification: Wait for the verification process to complete.
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 interface may have simplified steps for ease of use.

Common Registration Issues and Solutions

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

Average Account Approval Time

• Account approval typically takes 1-3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of your account type, providing necessary documentation if required.

Part 5: wwb Demo Account Guide

Demo Account Features and Benefits

• Access to virtual funds for practice trading.
• Simulated trading environment mimicking live market conditions.
• Ability to test strategies without financial risk.

How to Open a Demo Account

• Select the demo account option during the registration process or through the trading platform.

Demo Account Limitations

• Limited to virtual trading with no real profits.
• May have a time limit or expiry date.

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.
• Market conditions may differ slightly in demo accounts.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for a specified period, often 30 days, but this can vary by broker.

Part 6: wwb Islamic Account Details

Swap-Free/Islamic Account Availability

• wwb offers Islamic accounts that comply with Sharia law, allowing for swap-free trading.

Eligibility Requirements

• Must be a Muslim trader seeking compliance with Islamic finance principles.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for long-term 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; consult with wwb for detailed terms.

FAQs – wwb Account Types & Opening

1. What account types does wwb offer？

• wwb 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 wwb account verification take？

• Verification typically takes 1-3 business days.

1. Does wwb offer demo accounts？

• Yes, wwb provides demo accounts for practice trading.

1. Can I have multiple account types with wwb？

• Yes, you can open different account types as needed.

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

• Yes, wwb offers Islamic accounts that are swap-free.

1. What documents do I need to open a wwb 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 upgrade or downgrade your account type through customer support.