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

dhwaja Account Types Explained

Dhwaja offers a range of account types tailored to different trading needs and preferences. Below is an overview of the available account types, including their features and requirements.

1. Standard Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Variable spreads starting from 2.0 pips
• Leverage Options: Up to 1:100
• Key Features: Basic trading tools, access to major currency pairs, and educational resources.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, and indices.

2. ECN Account

• Minimum Deposit Requirement: ₹25,000
• Spread/Commission Structure: Low spreads starting from 0.1 pips plus a commission of ₹20 per lot.
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution, and lower spreads.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, and cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: ₹50,000
• Spread/Commission Structure: Spreads from 1.0 pip with a commission of ₹15 per lot.
• Leverage Options: Up to 1:500
• Key Features: Advanced trading tools, priority customer support, and exclusive market insights.
• Target User Profile: Professional traders and institutional clients.
• Trading Instruments Available: Forex, commodities, indices, and stocks.

4. Islamic Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Similar to the Standard Account but without swap fees.
• Leverage Options: Up to 1:100
• Key Features: Compliance with Sharia law, no interest on overnight positions.
• Target User Profile: Muslim traders seeking Sharia-compliant trading options.
• Trading Instruments Available: Forex and commodities.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:100
• Key Features: Practice trading with virtual funds, access to educational resources.
• Target User Profile: Beginners and traders looking to test strategies.
• Trading Instruments Available: Forex, commodities, and indices.

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

Detailed dhwaja Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• User-friendly for beginners.

• Access to educational resources.

• ECN Account:

• Low spreads and fast execution.

• Ideal for scalping and high-frequency trading.

• Direct market access.

• Pro Account:

• High leverage options for experienced traders.

• Advanced trading tools and insights.

• Priority support services.

• Islamic Account:

• Complies with Sharia law.

• No swap fees on overnight positions.

• Same features as the Standard Account.

• Demo Account:

• Risk-free trading environment.

• Ideal for practice and strategy testing.

• Access to the same trading platforms.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit requirement.

• Commission fees may add up.

• Pro Account:

• High minimum deposit may not be suitable for all traders.

• Complexity may overwhelm beginners.

• Islamic Account:

• Limited to specific trading instruments.

• May not be available in all regions.

• Demo Account:

• Limited duration for practice.

• Virtual trading may not reflect real market conditions.

dhwaja Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries; specific restrictions may apply.
• Prohibited Countries: Countries under international sanctions may be restricted.
• Identity Verification Documents Needed: Government-issued ID (passport or driver's license).
• Proof of Residence Requirements: Utility bill or bank statement showing your name and address.
• Additional Documentation for Professional Accounts: Proof of trading experience or financial status may be required.

KYC/AML Compliance Procedures

• All clients must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Verification of identity and address is mandatory before account activation.

Verification Time Frames

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

Step-by-Step dhwaja Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Go to the dhwaja official website and select the “Open an Account” option.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the account type that suits your trading needs.
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identity verification 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 your account is funded and verified, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but mobile registration may have a simplified interface.

Common Registration Issues and Solutions

• Issue: Document upload failure.

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

• Issue: Delayed verification.

• Solution: Contact customer support for status updates.

Average Account Approval Time

• The average account approval time is 1-3 business days, depending on the completeness of the application.

How to Upgrade/Downgrade Account Types

• Account type changes can typically be requested through customer support or the account management section of the website.

dhwaja Demo Account Guide

Demo Account Features and Benefits

• Allows traders to practice without financial risk.
• Access to the same trading platforms and tools as live accounts.
• Ideal for testing strategies and familiarizing oneself with the trading environment.

How to Open a Demo Account

• Visit the dhwaja website and select the “Open a Demo Account” option.
• Fill in the required information and submit.

Demo Account Limitations

• Limited duration (usually 30 days).
• Virtual funds may not reflect real market conditions.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of ₹1,000,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.
• Trading conditions may differ slightly due to market volatility.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days of inactivity.

dhwaja Islamic Account Details

Swap-free/Islamic Account Availability

• Dhwaja offers Islamic accounts that comply with Sharia law, ensuring no swap fees on overnight positions.

Eligibility Requirements

• Must be a practicing Muslim.
• Standard account verification documents are required.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for long-term positions.

How to Apply for Islamic Account

• 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, including limited trading instruments.

FAQs – dhwaja Account Types & Opening

1. What account types does dhwaja offer？

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

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

• Standard: ₹10,000, ECN: ₹25,000, Pro: ₹50,000, Islamic: ₹10,000, Demo: N/A.

1. How long does dhwaja account verification take？

• Verification typically takes 1-3 business days.

1. Does dhwaja offer demo accounts？

• Yes, dhwaja offers demo accounts for practice trading.

1. Can I have multiple account types with dhwaja？

• Yes, traders can maintain multiple account types.

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

• Yes, dhwaja provides Islamic accounts compliant with Sharia law.

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