FengSheng broker Accounts

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

fengsheng Account Types Explained

Fengsheng offers various account types tailored to meet the needs of different traders. Below is a detailed overview of each account type available.

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Ideal for beginners; access to a wide range of trading instruments.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex, commodities, indices.

2. 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; suitable for high-frequency trading.
• Target User Profile: Advanced traders.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; commission of $2 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Enhanced trading conditions; suitable for professional traders.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, stocks.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to the Standard Account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Compliant with Islamic finance principles; no interest charges.
• Target User Profile: Traders seeking Sharia-compliant trading options.
• Trading Instruments Available: Forex, commodities.

5. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000).
• Spread/Commission Structure: Same as the Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free trading environment; practice trading strategies.
• Target User Profile: New traders and those testing 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
• Islamic Finance Seekers: Islamic Account
• Practice Traders: Demo Account

Detailed fengsheng Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:500

• Demo: 1:500

• Spreads:

• Standard: Variable from 1.0 pips

• ECN: Raw from 0.0 pips

• Pro: Variable from 0.5 pips

• Islamic: Same as Standard

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Demo: 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:

• 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:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Demo Account Features:

• Virtual balance, access to all trading instruments, practice trading strategies.

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit.
• No commission fees.
• User-friendly for beginners.
• Disadvantages:
• Higher spreads compared to ECN accounts.

ECN Account

• Advantages:
• Tight spreads.
• Direct market access.
• Suitable for scalping.
• Disadvantages:
• Higher minimum deposit required.
• Commission fees apply.

Pro Account

• Advantages:
• Enhanced trading conditions.
• Lower commission fees.
• Suitable for professional traders.
• Disadvantages:
• Higher minimum deposit.
• Not ideal for beginners.

Islamic Account

• Advantages:
• Compliant with Islamic finance.
• No swap fees.
• Disadvantages:
• Limited to specific trading conditions.

Demo Account

• Advantages:
• Risk-free environment.
• Practice trading strategies.
• Disadvantages:
• Limited duration.
• No real money involved.

fengsheng Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to most countries, but specific restrictions may apply.
• Prohibited Countries: Not specified in the sources.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID).
• Proof of address (utility bill or bank statement).
• Proof of Residence Requirements: Recent utility bill or bank statement with the applicant's name and address.
• Additional Documentation for Professional Accounts: May include proof of trading experience or financial standing.

KYC/AML Compliance Procedures

Fengsheng adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This includes verifying the identity of all clients to prevent fraud and ensure compliance with international laws.

Verification Time Frames

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

Step-by-Step fengsheng Account Opening Guide

Detailed Registration Process

1. Visit Website: Go to the fengsheng official website.
2. Click Registration: Locate and click the registration button.
3. Personal Information Entry: Fill in your personal details including name, email, and phone number.
4. Choose Account Type: Select the account type that suits your trading needs.
5. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
6. Document Upload: Upload the required identity verification documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Once verified, deposit funds into your account.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, but mobile registration may offer additional features like document scanning for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

Typically, account approval takes 1-3 business days, depending on the volume of applications.

How to Upgrade/Downgrade Account Types

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

fengsheng Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments, virtual balance, and practice trading strategies.
• Benefits: Risk-free trading environment to develop skills and test strategies.

How to Open a Demo Account

Visit the fengsheng website, navigate to the demo account section, and fill out the registration form.

Demo Account Limitations

Demo accounts typically have a limited duration and are funded with virtual money.

Virtual Balance Amount

Demo accounts usually provide a virtual balance of $10,000.

Demo vs Live Account Differences

Demo accounts do not involve real money, while live accounts require actual funds and trading conditions may differ.

Duration/Expiry of Demo Accounts

Demo accounts usually expire after 30 days, but this can vary based on the broker's policy.

fengsheng Islamic Account Details

Swap-Free/Islamic Account Availability

Fengsheng offers Islamic accounts that comply with Sharia law, ensuring no interest is charged.

Eligibility Requirements

To qualify for an Islamic account, traders must declare their need for a swap-free account and provide relevant documentation.

Differences from Standard Accounts

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

How to Apply for Islamic Account

Traders can apply for an Islamic account during the registration process by selecting the option for a swap-free account.

Restrictions or Special Conditions

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

FAQs – fengsheng Account Types & Opening

1. What account types does fengsheng offer？

• Fengsheng 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: $100, Demo: Virtual funds.

1. How long does fengsheng account verification take？

• Verification typically takes 1-3 business days.

1. Does fengsheng offer demo accounts？

• Yes, fengsheng offers demo accounts for practice trading.

1. Can I have multiple account types with fengsheng？

• Yes, traders can hold multiple account types.

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

• Yes, fengsheng provides Islamic accounts that comply with Sharia law.

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

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

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