GRESHMA broker Accounts

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

greshma Account Types Explained

Greshma offers a variety of account types tailored to meet the needs of different traders, from beginners to experienced professionals. Below is a detailed overview of each account type available.

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: User-friendly interface, access to educational resources, and basic trading tools.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, and cryptocurrencies.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Spreads from 0.1 pips; commission of $5 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 0.0 pips; commission of $3 per lot.
• Leverage Options: Up to 1:100.
• Key Features: Advanced trading tools, priority customer support, and tailored services.
• Target User Profile: Professional traders and institutional clients.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts but swap-free.
• Leverage Options: Up to 1:200.
• Key Features: Complies with Islamic finance principles, no interest charged.
• Target User Profile: Muslim traders seeking Sharia-compliant trading options.
• Trading Instruments Available: Forex, commodities, and cryptocurrencies.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Same as the Standard account.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading with virtual funds, access to all trading instruments.
• Target User Profile: Beginners and traders wanting to test strategies.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed greshma Account Features

Comparison of Features Across Different Account Types

Advantages of Each Account Type

• Standard Account:
• Low minimum deposit.
• User-friendly interface.
• Access to educational resources.
• ECN Account:
• Lower spreads and faster execution.
• Direct market access.
• Ideal for scalping.
• Pro Account:
• Tailored services and advanced tools.
• Lower commission fees.
• Priority customer support.
• Islamic Account:
• Complies with Sharia law.
• No interest fees.
• Suitable for Muslim traders.
• Demo Account:
• Risk-free trading environment.
• Practice with virtual funds.
• Access to all trading instruments.

Disadvantages of Each Account Type

• Standard Account:
• Higher spreads compared to ECN accounts.
• ECN Account:
• Requires a higher minimum deposit.
• Commission fees may reduce profitability.
• Pro Account:
• High minimum deposit requirement.
• Not suitable for beginners.
• Islamic Account:
• Limited availability of trading instruments.
• Demo Account:
• No real money involved, limiting emotional trading experience.

greshma Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries, but specific regions may be restricted.
• Prohibited Countries: Countries under international sanctions or restrictions may not be eligible.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID).
• Proof of income (bank statement or payslip).
• Proof of Residence Requirements:
• Utility bill or bank statement showing the applicant's name and address.
• Additional Documentation for Professional Accounts:
• Proof of trading experience or financial qualifications.

KYC/AML Compliance Procedures

• Greshma follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to verify their identity and address.

Verification Time Frames

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

Step-by-Step greshma Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Navigate to the Greshma website and click on the "Open Account" button.
2. Personal Information Entry: Fill in personal details such as name, email address, and phone number.
3. Choose Account Type: Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Indicate trading preferences, such as leverage and trading instruments.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for account verification, which may take 1-3 business days.
7. Fund Your Account: Once verified, deposit funds into your trading account.
8. 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 users may experience a more streamlined interface.

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

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

How to Upgrade/Downgrade Account Types

• Account holders can request an upgrade or downgrade by contacting customer support and providing necessary documentation.

greshma Demo Account Guide

Demo Account Features and Benefits

• The demo account allows traders to practice trading with virtual funds, access to all trading instruments, and use of the same trading platforms as live accounts.

How to Open a Demo Account

• Visit the Greshma website, click on the "Open Demo Account" button, and follow the registration steps outlined above.

Demo Account Limitations

• The demo account does not provide real money trading experience, which may limit emotional engagement.

Virtual Balance Amount

• The demo account typically comes with a virtual balance of $10,000.

Demo vs Live Account Differences

• The demo account uses virtual funds, while the live account involves real money trading and potential profits/losses.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for 30 days, after which they may need to be renewed.

greshma Islamic Account Details

Swap-Free/Islamic Account Availability

• Greshma offers Islamic accounts that comply with Sharia law, providing a swap-free trading experience.

Eligibility Requirements

• Traders must declare their need for an Islamic account and provide relevant documentation if required.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, which are typically charged on overnight positions.

How to Apply for Islamic Account

• During the registration process, select the Islamic account option and provide necessary documentation.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions, such as limited instruments or higher spreads.

FAQs – greshma Account Types & Opening

1. What account types does greshma offer？

• Greshma 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: N/A.

1. How long does greshma account verification take？

• Verification typically takes 1-3 business days.

1. Does greshma offer demo accounts？

• Yes, Greshma provides demo accounts for practice trading.

1. Can I have multiple account types with greshma？

• Yes, traders can hold multiple account types.

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

• Yes, Greshma offers Islamic accounts that are swap-free.

1. What documents do I need to open a greshma 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 upgrade or downgrade your account type through customer support.