YFT broker Accounts

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

Part 1: yft Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: User-friendly interface, suitable for beginners.
• Target User Profile: Beginner 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, low latency.
• Target User Profile: Advanced traders.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $5,000
• Spread/Commission Structure: Competitive spreads; commission varies based on volume.
• Leverage Options: Up to 1:100.
• Key Features: Tailored for professional traders, advanced trading tools.
• Target User Profile: Institutional and professional traders.
• Trading Instruments Available: Forex, stocks, ETFs, commodities.

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: Compliant with Sharia law, swap-free.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: Virtual balance of $10,000.
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free trading environment, practice trading strategies.
• Target User Profile: All levels of traders.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginner: Standard Account
• Intermediate: ECN Account
• Advanced: Pro Account
• Muslim Traders: Islamic Account
• Practice: Demo Account

Part 2: Detailed yft Account Features

Feature Comparison Across Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $5,000

• Islamic: $100

• Demo: $0

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:100

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.0 pips

• Pro: Competitive

• Islamic: From 1.5 pips

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: Varies based on volume

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: Proprietary platform

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• 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:

• Virtual balance of $10,000, access to all trading instruments.

Advantages of Each Account Type

• Standard Account:
• Low minimum deposit, user-friendly interface, no commission fees.
• ECN Account:
• Low spreads, direct market access, suitable for scalping.
• Pro Account:
• Advanced trading tools, tailored services for professionals.
• Islamic Account:
• Compliant with Sharia law, no swap fees.
• Demo Account:
• Risk-free environment, practice without financial commitment.

Disadvantages of Each Account Type

• Standard Account:
• Higher spreads compared to ECN.
• ECN Account:
• Higher minimum deposit, commission fees apply.
• Pro Account:
• High minimum deposit, complexity may deter beginners.
• Islamic Account:
• Limited to Muslim traders, may have fewer features.
• Demo Account:
• Limited duration, not suitable for real trading conditions.

Part 3: yft Account Registration Requirements

Eligibility Criteria

• Age Requirements: Minimum age of 18 years.
• Geographic Restrictions: Available in most countries; check local regulations.
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.
• Identity Verification Documents Needed:
• Government-issued ID (passport or driver's license).
• Proof of address (utility bill or bank statement).
• Proof of Residence Requirements: Recent documents showing the current address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• Verification of identity and address through submitted documents.
• Monitoring of transactions to prevent money laundering.

Verification Time Frames

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

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

Registration Process

1. Visit Website and Click Registration: Go to the yft official website and click on the registration button.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type (Standard, ECN, etc.).
4. Set Trading Preferences: Indicate trading preferences and risk tolerance.
5. Document Upload: Upload required verification documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to start trading.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile may offer a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document rejection.
• Solution: Ensure documents are clear and meet requirements.
• Issue: Delayed verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Generally, 1-3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

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

Part 5: yft Demo Account Guide

Demo Account Features and Benefits

• Access to all trading instruments with a virtual balance.
• Risk-free environment to practice trading strategies.

How to Open a Demo Account

• Follow the same registration process, selecting the demo account option.

Demo Account Limitations

• Limited duration (usually 30 days).
• No real trading; virtual profits do not translate to real money.

Virtual Balance Amount

• Typically set at $10,000 for practice.

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts involve real money and market conditions.

Duration/Expiry of Demo Accounts

• Usually expires after 30 days of inactivity.

Part 6: yft Islamic Account Details

Swap-Free/Islamic Account Availability

• Yes, yft offers Islamic accounts compliant with Sharia law.

Eligibility Requirements

• Must be a Muslim trader.

Differences from Standard Accounts

• No swap fees applied; otherwise similar features.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process and provide necessary documentation.

Restrictions or Special Conditions

• Must adhere to Islamic finance principles; no interest-bearing transactions.

FAQs – yft Account Types & Opening

1. What account types does yft offer？

• yft offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: $100, ECN: $500, Pro: $5,000, Islamic: $100, Demo: $0.

1. How long does yft account verification take？

• Verification typically takes 1-3 business days.

1. Does yft offer demo accounts？

• Yes, yft provides demo accounts with a virtual balance for practice.

1. Can I have multiple account types with yft？

• Yes, you can open multiple account types.

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

• Yes, Islamic accounts are available.

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

• Government-issued ID and proof of address.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.