Okachi & Co., Ltd broker Accounts

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

Part 1: okachi Account Types Overview

okachi Account Types Explained

Okachi offers several account types tailored to different trading needs and experience levels. Below are the 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: User-friendly interface, 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: Raw spreads starting from 0.0 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, faster execution.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads starting from 1.0 pip; commission of $2 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Advanced trading tools, priority support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, stocks.

1. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, depending on the choice.
• Leverage Options: Up to 1:500.
• Key Features: Swap-free trading compliant with Islamic law.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000).
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading without risk, access to all trading tools.
• Target User Profile: Beginners and traders wanting to test strategies.
• Trading Instruments Available: Forex, commodities, 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
• Practice Traders: Demo Account

Part 2: okachi Account Features Comparison

Detailed okachi Account Features

When choosing an account type, consider the following features:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $500

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.0 pips

• Pro: From 1.0 pip

• Islamic: Similar to Standard/ECN

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Mini, Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• All account types support MT4 and MT5.

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market/ECN

• Islamic Account Availability:

• Available for Standard, ECN, and Pro accounts.

• Swap-Free Options:

• Available for Islamic accounts.

• Demo Account Features:

• Virtual funds for practice, access to all trading tools.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• No commissions

• User-friendly interface

• ECN Account:

• Tight spreads

• Direct market access

• Ideal for scalping

• Pro Account:

• Advanced trading tools

• Lower commissions

• Priority support

• Islamic Account:

• Complies with Islamic law

• No swap fees

• Demo Account:

• Risk-free trading

• Practice strategies

• Familiarize with the platform

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees apply

• Pro Account:

• Higher minimum deposit

• Commission fees apply

• Islamic Account:

• Limited availability

• May have higher spreads

• Demo Account:

• Limited to virtual funds

• Time-limited access

Part 3: okachi Account Opening Requirements

okachi Account Registration Requirements

To open an account with okachi, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Not available in certain countries (specific countries not listed).
• Prohibited Countries: Check with customer service for a list of restricted regions.
• Identity Verification Documents Needed:
• Government-issued ID (Passport, National ID)
• Proof of residence (Utility bill, bank statement)
• Proof of Residence Requirements: Must show your 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 include identity checks and source of funds verification.

Verification Time Frames

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

Part 4: okachi Account Opening Process

Step-by-Step okachi Account Opening Guide

1. Visit Website and Click Registration:

• Go to the official okachi website and find the "Register" button.

1. Personal Information Entry:

• Fill in personal details such as name, email, and phone number.

1. Choose Account Type:

• Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).

1. Set Trading Preferences:

• Choose your preferred trading platform and leverage settings.

1. Document Upload:

• Upload required identity verification documents.

1. Account Verification:

• Wait for the verification process to complete.

1. Fund Your Account:

• Deposit the minimum required amount to activate your account.

1. Start Trading:

• Once funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with minor interface adjustments for mobile users.

Common Registration Issues and Solutions

• Issue: Not receiving the verification email/SMS.

• Solution: Check spam folder or request a new verification code.

• Issue: Problems with document upload.

• Solution: Ensure documents are in the correct format and size.

Average Account Approval Time

• Typically, account approval takes 1-3 business days.

How to Upgrade/Downgrade Account Types

• Account type changes can be requested through customer support after the initial account is verified.

Part 5: okachi Demo Account Information

okachi Demo Account Guide

• Demo Account Features and Benefits:

• Access to virtual funds for practice trading.

• Familiarization with the trading platform and tools.

• How to Open a Demo Account:

• Follow the same registration steps as for a live account but select "Demo" as the account type.

• Demo Account Limitations:

• Limited to virtual funds and may have an expiry date.

• Virtual Balance Amount:

• Typically set at $10,000 for practice.

• Demo vs Live Account Differences:

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

• Duration/Expiry of Demo Accounts:

• Demo accounts may expire after a certain period (usually 30 days), but this can vary.

Part 6: okachi Islamic Account Details

okachi Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Available for Standard, ECN, and Pro accounts.

• Eligibility Requirements:

• Must be a practicing Muslim.

• Differences from Standard Accounts:

• No swap fees applied.

• How to Apply for Islamic Account:

• Select the Islamic account option during the registration process.

• Restrictions or Special Conditions:

• Must comply with Islamic trading principles.

FAQs – okachi Account Types & Opening

1. What account types does okachi offer？

• Okachi 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: $500, Demo: Virtual funds.

1. How long does okachi account verification take？

• Verification typically takes 1-3 business days.

1. Does okachi offer demo accounts？

• Yes, okachi offers demo accounts for practice trading.

1. Can I have multiple account types with okachi？

• Yes, you can open multiple account types.

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

• Yes, Islamic accounts are available for Standard, ECN, and Pro accounts.

1. What documents do I need to open a okachi 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 change your account type through customer support.