ZLK broker Accounts

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

Part 1: zlk Account Types Overview

zlk Account Types Explained

Zahid Latif Khan Securities (ZLK) offers a variety of account types tailored to meet the diverse needs of traders. Below is an overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: PKR 10,000
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:100
• Key Features: Ideal for beginners, access to all trading instruments
• Target User Profile: Beginners
• Trading Instruments Available: Stocks, commodities, forex

1. ECN Account

• Minimum Deposit Requirement: PKR 50,000
• Spread/Commission Structure: Low spreads from 0.1 pips + commission
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities

1. Pro Account

• Minimum Deposit Requirement: PKR 100,000
• Spread/Commission Structure: Fixed spreads + lower commission
• Leverage Options: Up to 1:200
• Key Features: Tailored for professional traders, advanced trading tools
• Target User Profile: Professional traders
• Trading Instruments Available: Stocks, forex, commodities

1. Islamic Account

• Minimum Deposit Requirement: PKR 10,000
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:100
• Key Features: Swap-free trading in compliance with Sharia law
• Target User Profile: Muslim traders
• Trading Instruments Available: Stocks, forex, commodities

1. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically PKR 100,000)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:100
• Key Features: Risk-free environment for practice
• Target User Profile: Beginners and those testing strategies
• Trading Instruments Available: Stocks, forex, commodities

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: zlk Account Features Comparison

Detailed zlk Account Features

The following features are compared across different account types:

• Minimum Deposit:

• Standard: PKR 10,000

• ECN: PKR 50,000

• Pro: PKR 100,000

• Islamic: PKR 10,000

• Demo: Virtual balance

• Maximum Leverage:

• Standard: Up to 1:100

• ECN: Up to 1:200

• Pro: Up to 1:200

• Islamic: Up to 1:100

• Demo: Up to 1:100

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.1 pips

• Pro: Fixed spreads

• Islamic: Similar to Standard

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: Yes, based on volume

• Pro: Lower than ECN

• 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: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market

• Demo: Market

• Islamic Account Availability: Yes for Islamic Account only.

• Swap-Free Options: Available for Islamic Account.

• Demo Account Features: Available for all account types with virtual balance.

Advantages of Each Account Type

• Standard Account:

• User-friendly interface

• No commission fees

• Access to various trading instruments

• ECN Account:

• Low spreads

• Fast execution

• Direct market access

• Pro Account:

• Advanced trading tools

• Lower commission fees

• Fixed spreads

• Islamic Account:

• Compliance with Sharia law

• No swap fees

• Similar features to Standard Account

• Demo Account:

• Risk-free trading environment

• Practice without financial commitment

• 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 complex for beginners

• Islamic Account:

• Limited to Muslim traders

• Similar features to Standard Account may not appeal to all

• Demo Account:

• Virtual funds may not reflect real trading

• Limited duration for practice

Part 3: zlk Account Opening Requirements

zlk Account Registration Requirements

To open a zlk account, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of Pakistan and overseas Pakistanis.
• Prohibited Countries: Specific countries may be restricted; check with ZLK for details.
• Identity Verification Documents Needed:
• National Identity Card (CNIC) for residents
• National Identity for Overseas Pakistanis (NICOP) for non-residents
• Proof of Residence Requirements: Utility bills or bank statements showing the current address.
• Additional Documentation for Professional Accounts: Financial statements or proof of trading experience may be required.

KYC/AML Compliance Procedures

ZLK follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures to verify the identity of clients.

Verification Time Frames

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

Part 4: zlk Account Opening Process

Step-by-Step zlk Account Opening Guide

1. Visit Website and Click Registration: Go to the ZLK website and find the account registration section.
2. Personal Information Entry: Fill in personal details such as name, address, and contact information.
3. Choose Account Type: Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Indicate trading preferences and risk tolerance.
5. Document Upload: Upload required identity verification and proof of residence documents.
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 verified and funded, you can begin trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, but mobile users may find it more convenient to upload documents directly from their devices.

Common Registration Issues and Solutions

• Issue: Document upload failures.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Delays in verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

Typically, account approval takes 1-3 business days, depending on document verification.

How to Upgrade/Downgrade Account Types

Account types can be changed by contacting ZLK customer support and providing necessary documentation for the new account type.

Part 5: zlk Demo Account Information

zlk Demo Account Guide

• Demo Account Features and Benefits:

• Access to real market conditions without financial risk.

• Practice trading strategies with virtual funds.

• How to Open a Demo Account:

• Visit the ZLK website and select the demo account option.

• Fill out the registration form and submit.

• Demo Account Limitations:

• Limited duration (typically 30-90 days).

• Virtual funds may not reflect real trading conditions.

• Virtual Balance Amount: Usually set at PKR 100,000 for practice.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds, while live accounts require real money.

• Trading conditions may vary slightly between demo and live accounts.

• Duration/Expiry of Demo Accounts: Demo accounts typically expire after 30-90 days of inactivity.

Part 6: zlk Islamic Account Details

zlk Islamic Account Availability

ZLK offers an Islamic account that is swap-free and complies with Sharia law.

Eligibility Requirements

To qualify for an Islamic account, the trader must be a Muslim and provide relevant documentation.

Differences from Standard Accounts

Islamic accounts do not incur swap fees, making them suitable for traders who adhere to Islamic finance principles.

How to Apply for Islamic Account

Apply through the ZLK website by selecting the Islamic account option during registration.

Restrictions or Special Conditions

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

FAQs – zlk Account Types & Opening

1. What account types does zlk offer？

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

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

• Standard: PKR 10,000, ECN: PKR 50,000, Pro: PKR 100,000, Islamic: PKR 10,000, Demo: Virtual balance.

1. How long does zlk account verification take？

• Account verification typically takes 1-3 business days.

1. Does zlk offer demo accounts？

• Yes, ZLK offers demo accounts for practice trading.

1. Can I have multiple account types with zlk？

• Yes, clients can hold multiple account types.

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

• Yes, ZLK provides Islamic accounts that are swap-free.

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

• Required documents include CNIC/NICOP and proof of residence.

1. Can I change my account type after registration？

• Yes, account types can be changed by contacting customer support.