XCFD broker Accounts

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

xcfd Account Types Explained

When trading with xcfd, understanding the various account types available is crucial for aligning your trading strategy with your financial goals. Below is a comprehensive overview of the account types offered by xcfd, including their features, minimum deposit requirements, and target user profiles.

Available Account Types

1. Standard Account

• Minimum Deposit: $100
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; no commission.
• Leverage Options: Up to 1:200.
• Key Features: Ideal for beginners; access to a wide range of trading instruments.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. Pro Account

• Minimum Deposit: $500
• Spread/Commission Structure: Raw spreads from 0.0 pips; commission of $3.50 per lot.
• Leverage Options: Up to 1:500.
• Key Features: Advanced trading tools and features; suitable for experienced traders.
• Target User Profile: Intermediate to advanced traders.
• Trading Instruments Available: Extensive range including forex, commodities, and indices.

1. Islamic Account

• Minimum Deposit: $100
• Spread/Commission Structure: Similar to Standard Account; no swap fees.
• Leverage Options: Up to 1:200.
• Key Features: Complies with Sharia law; no interest fees.
• Target User Profile: Muslim traders seeking compliance with Islamic finance principles.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. Demo Account

• Minimum Deposit: Virtual funds (typically $10,000).
• Spread/Commission Structure: Similar to Standard Account; no real commissions.
• Leverage Options: Up to 1:200.
• Key Features: Risk-free environment to practice trading strategies.
• Target User Profile: New traders wanting to practice before going live.
• Trading Instruments Available: Same as live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: Pro Account
• Muslim Traders: Islamic Account
• New Traders (Practice): Demo Account

Detailed xcfd Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• Pro: $500

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:200

• Pro: 1:500

• Islamic: 1:200

• Demo: 1:200

• Spreads (Typical/Minimum):

• Standard: From 0.5 pips

• Pro: From 0.0 pips

• Islamic: From 0.5 pips

• Demo: Similar to Standard Account

• Commission Fees:

• Standard: None

• Pro: $3.50 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: 0.01 lots

• Pro: 0.01 lots

• Islamic: 0.01 lots

• Demo: 0.01 lots

• Available Trading Platforms:

• All account types: MT4, MT5

• Execution Type:

• Standard: Market Execution

• Pro: ECN Execution

• Islamic: Market Execution

• Demo: Market Execution

• Islamic Account Availability:

• Available for Muslim traders.

• Swap-Free Options:

• Offered in Islamic accounts.

• Demo Account Features:

• Allows for practice trading with virtual funds.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• Ideal for beginners.

• Pro Account:

• Access to raw spreads.

• Higher leverage options.

• Suitable for experienced traders.

• Islamic Account:

• Complies with Islamic finance principles.

• No swap fees.

• Demo Account:

• Risk-free trading environment.

• Practice strategies without financial risk.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to Pro Account.

• Pro Account:

• Requires a higher minimum deposit.

• Commission fees apply.

• Islamic Account:

• Limited to Muslim traders.

• Demo Account:

• No real profit potential.

• Limited duration before expiry.

xcfd Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to traders in most countries; specific restrictions may apply.
• Prohibited Countries: Traders from certain jurisdictions may be restricted (specific countries not listed).
• Identity Verification Documents Needed: Government-issued ID (passport or drivers license).
• Proof of Residence Requirements: Utility bill or bank statement showing your name and address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

• All traders must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Verification of identity and address is mandatory.

Verification Time Frames

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

Step-by-Step xcfd Account Opening Guide

Registration Process

1. Visit Website and Click Registration: Go to the xcfd website and select the registration 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 suits your trading needs.
4. Set Trading Preferences: Specify your trading preferences, including leverage and base currency.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Once verified, deposit funds into your trading account.
8. 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, with mobile offering a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document upload failures.

• Solution: Ensure documents are clear and in the correct format (PDF, JPG).

• Issue: Delays in verification.

• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Account types can typically be changed by contacting customer support and submitting a request.

xcfd Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies.
• Access to the same trading platform and instruments as live accounts.

How to Open a Demo Account

• Select the demo account option during the registration process and follow the prompts.

Demo Account Limitations

• Virtual balance is typically $10,000.
• Limited duration before the demo account expires (usually 30 days).

Virtual Balance Amount

• Standard virtual balance is $10,000 for practice trading.

Demo vs Live Account Differences

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

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days unless extended by the broker.

xcfd Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available for traders who require compliance with Sharia law.

Eligibility Requirements

• Must be a Muslim trader seeking a swap-free trading environment.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them compliant with Islamic finance principles.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process.

Restrictions or Special Conditions

• Islamic accounts may have specific conditions regarding trading instruments and leverage.

FAQs – xcfd Account Types & Opening

1. What account types does xcfd offer？

• xcfd offers Standard, Pro, Islamic, and Demo accounts.

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

• Standard: $100, Pro: $500, Islamic: $100, Demo: Virtual funds.

1. How long does xcfd account verification take？

• Verification typically takes 1-3 business days.

1. Does xcfd offer demo accounts？

• Yes, xcfd offers demo accounts for practice trading.

1. Can I have multiple account types with xcfd？

• Yes, you can hold multiple account types.

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

• Yes, xcfd provides Islamic accounts that comply with Sharia law.

1. What documents do I need to open a xcfd 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.