YOKU broker Accounts

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

yoku Account Types Explained

When considering trading with yoku, understanding the available account types is crucial. yoku offers several account types tailored to different trading needs and experience levels:

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: Ideal for beginners; access to a wide range of trading instruments.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Tight spreads starting from 0.1 pips; commission of $5 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access; suitable for scalpers and high-frequency traders.
• Target User Profile: Advanced and professional traders.
• Trading Instruments Available: Forex, commodities, indices.

3. Pro Account

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

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to the Standard Account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Compliant with Sharia law; no interest on overnight positions.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading with virtual funds; access to all trading instruments.
• Target User Profile: All levels, especially beginners.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

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
• All Levels: Demo Account

Detailed yoku Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• User-friendly interface.

• No commission fees.

• Wide range of instruments.

• ECN Account:

• Tight spreads for cost-effective trading.

• Direct access to liquidity providers.

• Suitable for high-frequency trading.

• Pro Account:

• Lower commissions for high-volume traders.

• Enhanced customer support.

• Access to advanced trading tools.

• Islamic Account:

• Compliant with Islamic finance principles.

• No swap fees on overnight positions.

• Demo Account:

• Risk-free trading environment.

• Ideal for testing strategies.

• Access to all features of live accounts.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• ECN Account:

• Requires a higher minimum deposit.

• Commission fees can add up for frequent traders.

• Pro Account:

• Higher minimum deposit requirement.

• More complex trading conditions.

• Islamic Account:

• Limited to specific trading instruments.

• Demo Account:

• No real money involved.

• Limited to a specific duration before expiry.

yoku Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to traders worldwide, except for prohibited countries.
• Prohibited Countries: Specific countries may be restricted based on local regulations.
• Identity Verification Documents Needed: Government-issued ID (passport, national ID).
• Proof of Residence Requirements: Utility bill or bank statement showing the current address.
• Additional Documentation for Professional Accounts: Financial statements or proof of trading experience may be required.

KYC/AML Compliance Procedures

• yoku adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all traders to verify their identity and address.

Verification Time Frames

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

Step-by-Step yoku Account Opening Guide

Registration Process

1. Visit the Website: Navigate to the yoku homepage.
2. Click Registration: Find and click the registration button.
3. Personal Information Entry: Fill in your personal details such as name, email, and phone number.
4. Choose Account Type: Select the account type that suits your trading style.
5. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
6. Document Upload: Upload the required identity verification documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds to start trading.
9. 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, with mobile users benefiting from a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Not receiving the verification SMS.

• Solution: Ensure the correct phone number is entered and check for network issues.

• Issue: Document upload errors.

• Solution: Ensure documents are clear and meet the required format.

Average Account Approval Time

• Most accounts are approved within 1-3 business days, depending on the volume of applications.

How to Upgrade/Downgrade Account Types

• Traders can contact customer support to request an upgrade or downgrade of their account type, subject to the minimum deposit requirements.

yoku Demo Account Guide

Demo Account Features and Benefits

• The demo account allows traders to practice trading strategies without financial risk, using virtual funds.

How to Open a Demo Account

• Visit the yoku website and select the demo account option during registration.

Demo Account Limitations

• The demo account may have a limited duration and virtual balance.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $100,000.

Demo vs Live Account Differences

• The demo account does not involve real money, while live accounts require actual funds for trading.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity.

yoku Islamic Account Details

Swap-Free/Islamic Account Availability

• yoku offers Islamic accounts that comply with Sharia law, ensuring no interest is charged on overnight positions.

Eligibility Requirements

• Traders must confirm their adherence to Islamic finance principles to qualify for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for Muslim traders.

How to Apply for Islamic Account

• Traders can select the Islamic account option during the registration process or contact customer support for assistance.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions that differ from standard accounts.

FAQs – yoku Account Types & Opening

1. What account types does yoku offer？

• yoku 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.

1. How long does yoku account verification take？

• Verification typically takes 1-3 business days.

1. Does yoku offer demo accounts？

• Yes, yoku offers demo accounts for practice trading.

1. Can I have multiple account types with yoku？

• Yes, traders can hold multiple account types, subject to the minimum deposit requirements.

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

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

1. What documents do I need to open a yoku 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 upgrade or downgrade your account type through customer support.