Daishi offers several account types tailored to different trading needs and profiles. Below is a detailed overview of each account type available:
| Account Type | Minimum Deposit | Spread (Min) | Commission | Leverage | Target User |
|---|---|---|---|---|---|
| Standard | $100 | 1.0 pips | None | 1:500 | Beginners |
| ECN | $500 | 0.1 pips | $3/lot | 1:200 | Advanced |
| Pro | $1,000 | 0.0 pips | $2/lot | 1:100 | Professionals |
| Islamic | $500 | Variable | None | 1:200 | Muslim Traders |
| Demo | Virtual funds | Same as Standard | None | Same as Standard | Beginners |
Minimum Deposit:
Standard: $100
ECN: $500
Pro: $1,000
Islamic: $500
Demo: Virtual funds
Maximum Leverage:
Standard: 1:500
ECN: 1:200
Pro: 1:100
Islamic: 1:200
Spreads (Typical/Minimum):
Standard: 1.0 pips
ECN: 0.1 pips
Pro: 0.0 pips
Islamic: Variable
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: Standard
Islamic: Micro, Mini, Standard
Demo: Micro, Mini, Standard
Available Trading Platforms:
All accounts: MT4, MT5.
Execution Type:
Standard: Market
ECN: ECN
Pro: ECN
Islamic: Market/ECN
Islamic Account Availability:
Yes, for Islamic Account.
Swap-Free Options:
Available for Islamic Account.
Demo Account Features:
Virtual trading environment with no risk.
Standard Account:
Low minimum deposit.
User-friendly for beginners.
Access to a variety of instruments.
ECN Account:
Tight spreads.
Direct market access.
Suitable for high-frequency trading.
Pro Account:
Lowest spreads and commissions.
Advanced trading features.
Ideal for professional traders.
Islamic Account:
Complies with Islamic finance principles.
No swap fees.
Demo Account:
Risk-free trading.
Ideal for practice and strategy testing.
Standard Account:
Higher spreads compared to ECN and Pro accounts.
ECN Account:
Higher minimum deposit required.
Commission fees apply.
Pro Account:
Higher minimum deposit.
Not suitable for beginners.
Islamic Account:
Limited to specific instruments.
Demo Account:
No real profits can be made.
Limited duration.
Eligibility Criteria:
Age Requirements: Must be at least 18 years old.
Geographic Restrictions: Open to residents of most countries; check specific restrictions.
Prohibited Countries: Specific countries may be restricted; check with daishi for details.
Identity Verification Documents Needed:
Government-issued ID (passport or national ID).
Proof of address (utility bill or bank statement).
Proof of Residence Requirements:
Must provide a document showing your current address.
Additional Documentation for Professional Accounts:
Proof of trading experience may be required for Pro accounts.
KYC/AML Compliance Procedures:
All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
Verification Time Frames:
Typically takes 1-3 business days for account verification.
Issue: Document upload errors.
Solution: Ensure documents are clear and meet the required format.
Issue: Delays in verification.
Solution: Contact customer support for assistance.
Demo Account Features and Benefits:
Allows traders to practice without financial risk.
Provides access to the same trading platforms and instruments as live accounts.
How to Open a Demo Account:
Follow the same registration process and select the demo account option.
Demo Account Limitations:
Limited duration (typically 30 days).
Virtual funds only.
Virtual Balance Amount:
Usually set at $10,000 in virtual funds.
Demo vs Live Account Differences:
Demo accounts use virtual funds; live accounts involve real money.
Duration/Expiry of Demo Accounts:
Demo accounts typically expire after 30 days of inactivity.
Swap-Free/Islamic Account Availability:
Yes, daishi offers Islamic accounts that comply with Sharia law.
Eligibility Requirements:
Must be a Muslim trader.
Differences from Standard Accounts:
No swap fees applied on overnight positions.
How to Apply for Islamic Account:
Select the Islamic account option during the registration process.
Restrictions or Special Conditions:
Must adhere to Islamic finance principles.
Explore broker markets account types: forex/trading accounts with demo access.