YOHA broker Accounts

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

yoha Account Types Explained

YOHA offers a variety of account types tailored to meet the needs of different traders, from beginners to advanced professionals. Below is an overview of the available account types, their features, and target user profiles.

1. Standard Account

• Minimum Deposit: $100
• Spread/Commission Structure: Fixed spreads starting from 1.5 pips
• Leverage Options: Up to 1:500
• Key Features: Basic trading tools, access to major currency pairs, and educational resources.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, and indices.

2. ECN Account

• Minimum Deposit: $500
• Spread/Commission Structure: Variable spreads starting from 0.1 pips + $5 commission per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution speeds, and lower spreads.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

3. Pro Account

• Minimum Deposit: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.0 pips + $3 commission per lot
• Leverage Options: Up to 1:100
• Key Features: Advanced trading tools, personalized support, and premium market analysis.
• Target User Profile: Professional traders and institutional clients.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: Swap-free trading in compliance with Islamic finance principles.
• Target User Profile: Muslim traders adhering to Sharia law.
• Trading Instruments Available: Forex, commodities, and indices.

5. Demo Account

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

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
• Practicing Traders: Demo Account

Detailed yoha Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• Fixed spreads for easier budgeting

• Ideal for beginners

• ECN Account:

• Tight spreads and low commissions

• Direct market access for better pricing

• Suitable for high-frequency trading

• Pro Account:

• Best pricing and execution for professionals

• Advanced trading tools and resources

• Personalized support

• Islamic Account:

• Compliance with Sharia law

• No swap fees

• Standard trading conditions

• Demo Account:

• Risk-free environment to practice

• Access to all trading instruments

• Ideal for testing strategies

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees can add up

• Pro Account:

• High minimum deposit requirement

• Not suitable for casual traders

• Islamic Account:

• Limited to specific trading conditions

• May not have all features of other accounts

• Demo Account:

• Virtual funds do not reflect real market conditions

• Limited duration for practice

yoha Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; check specific country regulations.
• Prohibited Countries: Countries under sanctions or restrictions may not be eligible.
• 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 applicant's 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 involve background checks and source of funds inquiries.

Verification Time Frames

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

Step-by-Step yoha Account Opening Guide

Registration Process

1. Visit Website: Go to the official YOHA website.
2. Click Registration: Locate and click on the "Register" button.
3. Personal Information Entry: Fill out the required personal information form.
4. Choose Account Type: Select the desired account type from the available options.
5. Set Trading Preferences: Specify trading preferences such as leverage and trading instruments.
6. Document Upload: Upload the necessary identity verification documents.
7. Account Verification: Wait for the account to be verified by YOHA.
8. Fund Your Account: Deposit funds into your account 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 fewer options for document uploads.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are in the correct format and within 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 volume of applications.

How to Upgrade/Downgrade Account Types

• To change account types, log into your account and navigate to the account settings. Follow the prompts to request an upgrade or downgrade.

yoha Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies.
• Access to all trading instruments available in live accounts.
• Ideal for beginners to familiarize themselves with the trading platform.

How to Open a Demo Account

• Visit the YOHA website and select the option to open a demo account. Fill out the required information and submit.

Demo Account Limitations

• Limited duration (typically 30 days) before it expires.
• Virtual funds do not reflect real market conditions.

Virtual Balance Amount

• The demo account typically comes with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Live accounts incur real trading costs (spreads and commissions).

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity or upon reaching the maximum duration set by YOHA.

yoha Islamic Account Details

Swap-Free/Islamic Account Availability

• YOHA offers an Islamic account option that is swap-free and compliant with Sharia law.

Eligibility Requirements

• Must be a practicing Muslim and provide a declaration of adherence to Islamic finance principles.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, which are typically charged on overnight positions.

How to Apply for Islamic Account

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

Restrictions or Special Conditions

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

FAQs – yoha Account Types & Opening

1. What account types does yoha offer？

• YOHA 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: $0.

1. How long does yoha account verification take？

• Verification typically takes 1-3 business days.

1. Does yoha offer demo accounts？

• Yes, YOHA provides a demo account with a virtual balance.

1. Can I have multiple account types with yoha？

• Yes, you can hold multiple account types.

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

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

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

• A government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can upgrade or downgrade your account type through your account settings.