endesa broker Accounts

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

endesa Account Types Explained

Endesa offers various account types tailored to meet the needs of different users. Below is a detailed overview of the available account types, their features, and target user profiles.

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: €100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:30 for retail clients
• Key Features: Access to a wide range of trading instruments, including forex, commodities, and indices.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

1. ECN Account

• Minimum Deposit Requirement: €500
• Spread/Commission Structure: Low spreads starting from 0.1 pips, commission applies.
• Leverage Options: Up to 1:100 for professional clients.
• Key Features: Direct market access, faster execution speeds.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices.

1. Pro Account

• Minimum Deposit Requirement: €1,000
• Spread/Commission Structure: Spreads starting from 0.5 pips, commission applies.
• Leverage Options: Up to 1:200 for professional clients.
• Key Features: Advanced trading tools and analytics.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

1. Islamic Account

• Minimum Deposit Requirement: €500
• Spread/Commission Structure: Similar to Standard or ECN accounts, but without swap fees.
• Leverage Options: Up to 1:30 for retail clients.
• Key Features: Swap-free trading in compliance with Islamic finance principles.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: Virtual balance of €10,000.
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:30.
• Key Features: Risk-free environment to practice trading strategies.
• Target User Profile: Beginners and those testing new strategies.
• Trading Instruments Available: All instruments available in live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account, Demo Account
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account, Islamic Account

Detailed endesa Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: €100

• ECN: €500

• Pro: €1,000

• Islamic: €500

• Demo: €0

• Maximum Leverage:

• Standard: Up to 1:30

• ECN: Up to 1:100

• Pro: Up to 1:200

• Islamic: Up to 1:30

• Demo: Up to 1:30

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.1 pips

• Pro: From 0.5 pips

• Islamic: Similar to Standard or ECN

• Commission Fees:

• Standard: None

• ECN: Yes

• Pro: Yes

• Islamic: None

• Lot Size:

• Standard: Micro

• ECN: Mini/Standard

• Pro: Standard

• Islamic: Mini/Standard

• Available Trading Platforms:

• All accounts: MT4, MT5, proprietary platforms.

• Execution Type:

• Standard: Market

• ECN: Instant

• Pro: Market

• Islamic: Market

• Islamic Account Availability:

• Standard: No

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Swap-Free Options:

• Only available for Islamic accounts.

• Demo Account Features:

• Available for all account types with virtual balance.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• User-friendly for beginners.

• Access to a wide range of instruments.

• ECN Account:

• Tight spreads and fast execution.

• Ideal for scalping and high-frequency trading.

• Direct market access.

• Pro Account:

• Advanced trading tools and analytics.

• Higher leverage options.

• Suitable for professional trading strategies.

• Islamic Account:

• Compliant with Islamic finance principles.

• No swap fees.

• Similar features to Standard or ECN accounts.

• Demo Account:

• Risk-free trading environment.

• Practice without financial risk.

• Ideal for testing strategies.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced features.

• ECN Account:

• Requires a higher minimum deposit.

• Commission fees can add up.

• Pro Account:

• High minimum deposit requirement.

• Complex for beginners.

• Islamic Account:

• Limited availability for some instruments.

• Higher minimum deposit compared to Standard.

• Demo Account:

• Virtual balance does not reflect real market conditions.

• Limited duration of use.

endesa Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available primarily in Spain; check for specific country eligibility.
• Prohibited Countries: Not specified; users should verify based on local regulations.
• Identity Verification Documents Needed:
• Personal ID (DNI or passport).
• Proof of income may be required for higher account types.
• Proof of Residence Requirements:
• Utility bill or bank statement with the applicant's name and address.
• Additional Documentation for Professional Accounts:
• Business registration documents if applying as a corporate entity.

KYC/AML Compliance Procedures

• Endesa adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring users to provide necessary documentation for identity verification.

Verification Time Frames

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

Step-by-Step endesa Account Opening Guide

Registration Process

1. Visit the Website: Go to the Endesa homepage and click on the registration link.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type based on your trading needs.
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for the verification process, which can take a few days.
7. Fund Your Account: Once verified, deposit funds into your account.
8. Start Trading: Access your trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but the mobile interface may have simplified steps for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload errors.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Delayed verification.
• Solution: Contact customer support for updates.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Users can request account type changes through the client area or by contacting customer support.

endesa Demo Account Guide

Demo Account Features and Benefits

• Provides a virtual balance for practice trading.
• Access to all trading instruments available in live accounts.
• Ideal for testing strategies without financial risk.

How to Open a Demo Account

• Users can create a demo account during the registration process or through the client area.

Demo Account Limitations

• The demo account is typically limited in duration and may expire after a set period.

Virtual Balance Amount

• The demo account usually comes with a virtual balance of €10,000.

Demo vs Live Account Differences

• The demo account does not involve real money and may not reflect actual market conditions.

Duration/Expiry of Demo Accounts

• Demo accounts generally have a limited duration, often expiring after 30 days of inactivity.

endesa Islamic Account Details

Swap-Free/Islamic Account Availability

• Endesa offers Islamic accounts that comply with Sharia law by eliminating swap fees.

Eligibility Requirements

• Standard eligibility criteria apply, including age and identity verification.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees and may have different commission structures.

How to Apply for Islamic Account

• Users can select the Islamic account option during the registration process.

Restrictions or Special Conditions

• Islamic accounts may have limitations on certain trading instruments.

FAQs – endesa Account Types & Opening

1. What account types does endesa offer？

• Endesa 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: €0.

1. How long does endesa account verification take？

• Verification typically takes 1-3 business days.

1. Does endesa offer demo accounts？

• Yes, a demo account with a virtual balance is available.

1. Can I have multiple account types with endesa？

• Yes, users can hold multiple account types.

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

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

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

• Personal ID, proof of residence, and possibly proof of income for higher accounts.

1. Can I change my account type after registration？

• Yes, users can request to change their account type through customer support.