Zeni broker Accounts

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

zeni Account Types Explained

Zeni offers various account types tailored to meet the needs of different traders. Below is an overview of the available account types, including their features, requirements, and target user profiles.

1. Standard Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:100
• Key Features: User-friendly interface, access to educational resources, suitable for beginners.
• Target User Profile: Beginner traders
• Trading Instruments Available: Forex, commodities, indices

2. ECN Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Low spreads starting from 0.1 pips + commission of $5 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution speeds, ideal for scalpers and high-frequency traders.
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

3. Pro Account

• Minimum Deposit Requirement: $5,000
• Spread/Commission Structure: Spreads from 0.5 pips + commission of $3 per lot
• Leverage Options: Up to 1:300
• Key Features: Enhanced trading tools, priority customer support, and advanced analytics.
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

4. Islamic Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Similar to Standard or ECN accounts but swap-free
• Leverage Options: Up to 1:100
• Key Features: Complies with Sharia law, no swap fees.
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

5. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $100,000)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:100
• Key Features: Risk-free trading environment, practice trading strategies.
• Target User Profile: All traders, especially beginners
• 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

Detailed zeni Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• User-friendly for beginners

• No commission fees

• Access to educational resources

• ECN Account:

• Tight spreads for cost-effective trading

• Fast execution speeds

• Ideal for high-frequency trading

• Pro Account:

• Advanced trading tools and analytics

• Lower commission fees

• Priority customer support

• Islamic Account:

• Compliant with Sharia law

• No swap fees

• Suitable for Muslim traders

• Demo Account:

• Risk-free trading environment

• Opportunity to practice strategies

• Access to all trading instruments

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Requires higher minimum deposit

• Commission fees can add up

• Pro Account:

• High minimum deposit requirement

• More suited for experienced traders

• Islamic Account:

• Limited availability of instruments

• May have higher spreads

• Demo Account:

• No real monetary gains

• Limited to virtual funds

zeni Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Currently available only to U.S.-based entities.
• Prohibited Countries: Not specified, but generally excludes countries under international sanctions.
• Identity Verification Documents Needed: Government-issued ID (passport, drivers license).
• Proof of Residence Requirements: Utility bill or bank statement showing your name and address.
• Additional Documentation for Professional Accounts: Business registration documents, tax identification number.

KYC/AML Compliance Procedures

Zeni adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring users to verify their identity and provide necessary documentation.

Verification Time Frames

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

Step-by-Step zeni Account Opening Guide

zeni Account Opening Process

1. Visit the Website: Go to the Zeni 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 based on your trading needs.
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload required documents for identity and address verification.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once funded, you can start trading on the platform.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, though the mobile interface may have a more streamlined design for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload fails.

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

• Issue: Verification takes too long.

• Solution: Contact customer support for assistance.

Average Account Approval Time

Typically, account approval takes 1-3 business days, depending on the completeness of the application.

How to Upgrade/Downgrade Account Types

To change your account type, contact Zenis customer support to request the change, providing any necessary documentation or information.

zeni Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments, same spreads as live accounts, and virtual funds for practice.
• Benefits: Allows traders to practice strategies without financial risk, familiarize themselves with the platform, and test trading strategies.

How to Open a Demo Account

1. Visit the Zeni website.
2. Click on the demo account option.
3. Fill in the required information and submit.

Demo Account Limitations

• Limited to virtual funds, no real profits can be made.
• May have a time limit for usage (typically 30 days).

Virtual Balance Amount

Demo accounts usually come with a virtual balance of $100,000.

Demo vs Live Account Differences

• Demo Account: Virtual funds, no real monetary gains, risk-free environment.
• Live Account: Real funds, potential for actual profits or losses.

Duration/Expiry of Demo Accounts

Demo accounts typically expire after 30 days of inactivity or can be extended upon request.

zeni Islamic Account Details

Swap-Free/Islamic Account Availability

Zeni offers an Islamic account that is compliant with Sharia law, meaning it does not incur swap fees.

Eligibility Requirements

To qualify for an Islamic account, users must provide documentation confirming their adherence to Islamic finance principles.

Differences from Standard Accounts

Islamic accounts do not have swap fees, making them suitable for Muslim traders who wish to avoid interest.

How to Apply for Islamic Account

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

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions, such as limited access to certain instruments.

FAQs – zeni Account Types & Opening

1. What account types does zeni offer？

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

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

• Standard: $500, ECN: $1,000, Pro: $5,000, Islamic: $1,000, Demo: Virtual funds.

1. How long does zeni account verification take？

• Verification typically takes 1-3 business days.

1. Does zeni offer demo accounts？

• Yes, zeni provides demo accounts for practice trading.

1. Can I have multiple account types with zeni？

• Yes, users can open multiple account types as needed.

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

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

1. What documents do I need to open a zeni 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.