YAMAKIN broker Accounts

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

Part 1: yamakin Account Types Overview

yamakin Account Types Explained

Yamakin offers a variety of account types to cater to different trading needs and preferences. 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 commissions
• Leverage Options: Up to 1:500
• Key Features: Ideal for beginners; user-friendly interface; access to all trading instruments.
• Target User Profile: Beginner traders
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips, with a commission of $5 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access; lower spreads; suitable for high-frequency trading.
• Target User Profile: Advanced traders and scalpers
• Trading Instruments Available: Forex, commodities, indices

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips, with a commission of $3 per lot
• Leverage Options: Up to 1:300
• Key Features: Enhanced trading conditions; priority customer support; advanced trading tools.
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies

1. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, depending on the choice
• Leverage Options: Up to 1:200
• 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: Same as the Standard Account
• Leverage Options: Up to 1:500
• Key Features: Practice trading without risk; access to all trading instruments; virtual balance.
• Target User Profile: Beginners and traders testing strategies
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Advanced Traders: ECN Account
• Professional Traders: Pro Account
• Muslim Traders: Islamic Account
• Testing Strategies: Demo Account

Part 2: yamakin Account Features Comparison

Detailed yamakin Account Features

When comparing the features of yamakin account types, the following aspects are crucial:

• Minimum Deposit
• Maximum Leverage
• Spreads (Typical/Minimum)
• Commission Fees
• Lot Size (Micro/Mini/Standard)
• Available Trading Platforms (MT4/MT5/Proprietary)
• Execution Type (Market/Instant/ECN)
• Islamic Account Availability
• Swap-Free Options
• Demo Account Features

Features Comparison

Advantages of Each Account Type

• Standard Account:

• Easy for beginners to navigate

• No commission fees

• Access to all trading instruments

• ECN Account:

• Lower spreads for cost-effective trading

• Direct market access

• Suitable for high-frequency trading

• Pro Account:

• Enhanced trading conditions

• Priority customer support

• Advanced trading tools available

• Islamic Account:

• Compliant with Islamic finance principles

• Swap-free trading options

• Demo Account:

• Risk-free environment for practice

• Access to all trading instruments

• Ideal for testing strategies

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts

• Limited advanced features

• ECN Account:

• Requires higher minimum deposit

• Commission fees may add to trading costs

• Pro Account:

• Higher minimum deposit requirement

• Not suitable for casual traders

• Islamic Account:

• Limited availability of advanced features

• May not be suitable for all traders

• Demo Account:

• Virtual funds may not reflect real market conditions

• Limited duration for practice

Part 3: yamakin Account Opening Requirements

yamakin Account Registration Requirements

To open a yamakin account, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries; however, some countries may be restricted.
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Must provide a document showing your current address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

Yamakin adheres to strict KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, requiring all clients to verify their identity and address as part of the account opening process.

Verification Time Frames

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

Part 4: yamakin Account Opening Process

Step-by-Step yamakin Account Opening Guide

1. Visit Website and Click Registration: Go to the yamakin website and click on the registration button.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the type of account you wish to open (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Indicate your preferred trading settings and leverage options.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the yamakin team to verify your documents.
7. Fund Your Account: Once verified, deposit funds into your account to start trading.
8. Start Trading: Access the trading platform and begin your trading journey.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, though the mobile interface may be optimized for smaller screens.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are in the correct format and not exceeding size limits.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

The average account approval time is 1-3 business days, depending on the completeness of the application.

How to Upgrade/Downgrade Account Types

Account types can typically be changed by contacting customer support and providing the necessary documentation for the new account type.

Part 5: yamakin Demo Account Information

yamakin Demo Account Guide

Demo Account Features and Benefits

• Access to all trading instruments
• Practice trading strategies without financial risk
• Virtual balance to simulate real trading conditions

How to Open a Demo Account

To open a demo account, follow the same registration process, selecting the demo account option.

Demo Account Limitations

• Limited duration (typically 30 days)
• Virtual funds may not reflect real market conditions

Virtual Balance Amount

Demo accounts usually come with a virtual balance of $100,000 to allow for extensive practice.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Trading conditions may differ slightly between demo and live environments.

Duration/Expiry of Demo Accounts

Demo accounts typically expire after 30 days of inactivity or upon reaching the end of the trial period.

Part 6: yamakin Islamic Account (if available)

yamakin Islamic Account Details

Swap-Free/Islamic Account Availability

Yamakin offers an Islamic account option that is compliant with Islamic finance principles, allowing for swap-free trading.

Eligibility Requirements

To qualify for an Islamic account, traders must provide proof of their Muslim faith and complete the necessary application forms.

Differences from Standard Accounts

Islamic accounts do not incur swap fees, making them suitable for traders who wish to avoid interest-based transactions.

How to Apply for Islamic Account

To apply, select the Islamic account option during the registration process and provide the required documentation.

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions, including limitations on certain trading strategies.

FAQs – yamakin Account Types & Opening

1. What account types does yamakin offer？

• Yamakin 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 yamakin account verification take？

• Verification typically takes 1-3 business days.

1. Does yamakin offer demo accounts？

• Yes, yamakin offers a demo account for practice trading.

1. Can I have multiple account types with yamakin？

• Yes, you can have multiple account types, subject to the broker's policies.

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

• Yes, yamakin provides Islamic accounts that are compliant with Islamic finance principles.

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

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

1. Can I change my account type after registration？

• Yes, you can change your account type by contacting customer support.