GSPL broker Accounts

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

Part 1: gspl Account Types Overview

gspl Account Types Explained

GSPL offers several account types tailored to different trading styles and experience levels. Below is a detailed overview of each account type:

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 platform, suitable for beginners
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads from 0.0 pips, commission of $3 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads
• Target User Profile: Experienced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 1.0 pip, commission of $2 per lot
• Leverage Options: Up to 1:400
• Key Features: Advanced trading tools, priority customer support
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, stocks

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account, no swap fees
• Leverage Options: Up to 1:500
• Key Features: Compliant with Sharia law, no interest charges
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:500
• Key Features: Practice trading with virtual funds, risk-free environment
• Target User Profile: Beginners and traders testing strategies
• Trading Instruments Available: Forex, commodities, 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

Part 2: gspl Account Features Comparison

Detailed gspl Account Features

When comparing the features of the various gspl account types, the following aspects are essential:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:400

• Islamic: Up to 1:500

• Demo: Up to 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.0 pips

• Pro: From 1.0 pip

• Islamic: Similar to 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: Yes for Islamic Account

• Swap-Free Options: Available for Islamic Account

• Demo Account Features: Virtual trading environment with no risk

Advantages of Each Account Type

• Standard Account:

• Easy to use for beginners

• No commission fees

• High leverage options

• ECN Account:

• Tight spreads

• Fast execution speeds

• Direct market access

• Pro Account:

• Advanced trading tools

• Lower commission fees

• Priority support

• Islamic Account:

• No interest charges

• Compliant with Islamic law

• Flexible trading options

• Demo Account:

• Risk-free trading

• Practice strategies

• Access to all trading instruments

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees apply

• Pro Account:

• Higher minimum deposit

• Limited to experienced traders

• Islamic Account:

• Limited availability for non-Muslim traders

• May have fewer features compared to other accounts

• Demo Account:

• No real profits

• Limited duration for practice

Part 3: gspl Account Opening Requirements

gspl Account Registration Requirements

To open an account with gspl, the following eligibility criteria and documentation are required:

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old

• Geographic Restrictions: Available globally, but may vary by region

• Prohibited Countries: Specific countries may be restricted (check gspl website for details)

• Identity Verification Documents Needed:

• Government-issued ID (Passport, National ID, etc.)

• Proof of address (Utility bill, bank statement, etc.)

• Proof of Residence Requirements:

• Recent utility bill or bank statement with your name and address

• Additional Documentation for Professional Accounts:

• Business registration documents (if applicable)

• Proof of trading experience (for Pro and ECN accounts)

• KYC/AML Compliance Procedures:

• Complete identity verification process

• Submit necessary documents for review

• Verification Time Frames:

• Typically takes 1-3 business days for account verification

Part 4: gspl Account Opening Process

Step-by-Step gspl Account Opening Guide

To open a gspl account, follow these steps:

1. Visit Website and Click Registration:

• Go to the gspl official website and click on the "Register" button.

1. Personal Information Entry:

• Fill in your personal details including name, email, and phone number.

1. Choose Account Type:

• Select the type of account you wish to open (Standard, ECN, Pro, Islamic, or Demo).

1. Set Trading Preferences:

• Specify your trading preferences such as leverage and trading instruments.

1. Document Upload:

• Upload the required identity verification documents.

1. Account Verification:

• Wait for the gspl team to verify your documents.

1. Fund Your Account:

• Once verified, deposit the minimum required amount to fund your account.

1. Start Trading:

• Begin trading once your account is funded.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with minor interface adjustments for mobile usability.

Common Registration Issues and Solutions

• Issue: Document upload failures

• Solution: Ensure documents are clear and meet size requirements.

• Issue: Verification delays

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Account approval typically takes between 1 to 3 business days.

How to Upgrade/Downgrade Account Types

• Log in to your account and navigate to the account settings section to request an upgrade or downgrade.

Part 5: gspl Demo Account Information

gspl Demo Account Guide

The gspl demo account offers a risk-free environment for traders to practice and refine their strategies.

• Demo Account Features and Benefits:

• Access to all trading instruments

• Virtual funds for trading practice

• No risk of losing real money

• How to Open a Demo Account:

• Follow the registration process and select the demo account option.

• Demo Account Limitations:

• Limited duration (typically 30 days)

• Virtual funds only, no real profits

• Virtual Balance Amount:

• Typically starts with a virtual balance of $10,000.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds, while live accounts involve real money trading.

• Duration/Expiry of Demo Accounts:

• Demo accounts may expire after a set period or remain active until the user decides to transition to a live account.

Part 6: gspl Islamic Account (if available)

gspl Islamic Account Details

The gspl Islamic account is designed for traders who require a swap-free trading environment.

• Swap-Free/Islamic Account Availability:

• Yes, gspl offers Islamic accounts that comply with Sharia law.

• Eligibility Requirements:

• Must be a Muslim trader seeking compliant trading options.

• Differences from Standard Accounts:

• No swap fees applied, similar trading features as standard accounts.

• How to Apply for Islamic Account:

• Select the Islamic account option during the registration process.

• Restrictions or Special Conditions:

• Must adhere to Islamic trading principles, no interest-based transactions.

FAQs – gspl Account Types & Opening

1. What account types does gspl offer？

• gspl 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: N/A.

1. How long does gspl account verification take？

• Typically takes 1-3 business days.

1. Does gspl offer demo accounts？

• Yes, gspl provides demo accounts for practice trading.

1. Can I have multiple account types with gspl？

• Yes, you can open multiple account types.

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

• Yes, gspl offers Islamic accounts that are compliant with Sharia law.

1. What documents do I need to open a gspl 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 your account settings.