YOCAI broker Accounts

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

Part 1: yocai 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: Basic trading features, 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: Spreads from 0.1 pips; 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: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 0.0 pips; commission of $3 per lot.
• Leverage Options: Up to 1:100.
• Key Features: Advanced trading tools, priority execution.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

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 in compliance with Sharia law.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically $10,000).
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Same as Standard Account.
• Key Features: Practice trading without financial risk.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account, Demo Account
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account
• Muslim Traders: Islamic Account

Part 2: Detailed yocai Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual balance

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:100

• Islamic: Up to 1:500

• Spreads:

• Standard: From 1.5 pips

• ECN: From 0.1 pips

• Pro: From 0.0 pips

• Islamic: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: $5 per lot

• Pro: $3 per lot

• Islamic: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Mini, Standard

• Islamic: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: ECN

• Islamic: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Swap-Free Options:

• All accounts can be converted to Islamic accounts.

• Demo Account Features:

• Virtual balance, access to all trading instruments, no time limit on usage.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• No commission fees

• Suitable for beginners

• ECN Account:

• Tight spreads

• Direct market access

• Ideal for scalping

• Pro Account:

• Lowest spreads

• Advanced trading tools

• Priority execution

• Islamic Account:

• Compliance with Sharia law

• No swap fees

• Available for all trading instruments

• Demo Account:

• Risk-free trading

• Practice strategies

• Familiarize with trading platforms

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN and Pro

• Limited features for advanced trading

• ECN Account:

• Higher minimum deposit

• Commission fees apply

• Pro Account:

• Requires higher initial investment

• Commission fees apply

• Islamic Account:

• Limited to swap-free trading

• May have fewer features compared to Pro accounts

• Demo Account:

• No real financial gains

• Limited to virtual trading experience

Part 3: yocai Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; specific restrictions may apply.
• Prohibited Countries: Countries under international sanctions may not be eligible.
• Identity Verification Documents Needed: Government-issued ID (passport, national ID).
• Proof of Residence Requirements: Utility bill or bank statement not older than three months.
• Additional Documentation for Professional Accounts: Proof of trading experience or financial status may be required.

KYC/AML Compliance Procedures

• yocai adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring users to provide identification and proof of residence.

Verification Time Frames

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

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

Detailed Registration Process

1. Visit Website and Click Registration: Navigate to the yocai website and select the registration option.
2. Personal Information Entry: Fill out the required personal information, including name, email, and phone number.
3. Choose Account Type: Select the desired account type from the options available.
4. Set Trading Preferences: Specify trading preferences such as leverage and trading instruments.
5. Document Upload: Upload the necessary identification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit funds into your account using the preferred payment method.
8. Start Trading: Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, though mobile may have app-specific features for document uploads.

Common Registration Issues and Solutions

• Issue: Document upload failure.

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

• 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 verification process.

How to Upgrade/Downgrade Account Types

• Users can request an upgrade or downgrade by contacting customer support and providing the necessary documentation for the new account type.

Part 5: yocai Demo Account Guide

Demo Account Features and Benefits

• The demo account allows traders to practice without financial risk, offering a virtual balance to simulate real trading conditions.

How to Open a Demo Account

• Users can open a demo account by selecting the demo option during the registration process or through the trading platform.

Demo Account Limitations

• The demo account has a virtual balance and does not provide real financial gains.

Virtual Balance Amount

• Typically set at $10,000 for practice trading.

Demo vs Live Account Differences

• The demo account uses virtual funds, while the live account involves real money and financial risks.

Duration/Expiry of Demo Accounts

• Demo accounts may remain active for an extended period, but some brokers may impose a time limit or inactivity rules.

Part 6: yocai Islamic Account Details

Swap-Free/Islamic Account Availability

• yocai offers Islamic accounts that comply with Sharia law, ensuring no swap fees are charged.

Eligibility Requirements

• To qualify for an Islamic account, users must declare their need for a swap-free option due to religious beliefs.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees and may have different trading conditions.

How to Apply for Islamic Account

• Users can apply for an Islamic account during the registration process or by contacting customer support after account creation.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions that differ from standard accounts, such as limitations on certain trading strategies.

FAQs – yocai Account Types & Opening

1. What account types does yocai offer？

• yocai 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: Virtual balance.

1. How long does yocai account verification take？

• Verification typically takes 1-3 business days.

1. Does yocai offer demo accounts？

• Yes, yocai provides demo accounts for practice trading.

1. Can I have multiple account types with yocai？

• Yes, users can have multiple account types.

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

• Yes, yocai offers Islamic accounts that comply with Sharia law.

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

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

1. Can I change my account type after registration？

• Yes, users can request to upgrade or downgrade their account type through customer support.