GUOYUAN INTERNATIONAL broker Accounts

guoyuan Account Types Explained

Guoyuan offers a variety of account types tailored to different trading needs and experience levels. Below is a comprehensive overview of the available account types, their features, and target user profiles.

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: HKD 10,000
• Spread/Commission Structure: Variable spreads starting from 1.5 pips; no commission on trades.
• Leverage Options: Up to 1:100.
• Key Features: Suitable for beginners; access to a wide range of trading instruments.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

1. ECN Account

• Minimum Deposit Requirement: HKD 20,000
• Spread/Commission Structure: Raw spreads starting from 0.1 pips; commission of HKD 50 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access; faster execution speeds; suitable for high-frequency trading.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: HKD 50,000
• Spread/Commission Structure: Competitive spreads starting from 0.5 pips; lower commission fees.
• Leverage Options: Up to 1:500.
• Key Features: Advanced trading tools; tailored for professional traders.
• Target User Profile: Professional and institutional traders.
• Trading Instruments Available: Forex, commodities, indices, options.

1. Islamic Account

• Minimum Deposit Requirement: HKD 10,000
• Spread/Commission Structure: Similar to Standard Account; no swap fees.
• Leverage Options: Up to 1:100.
• Key Features: Complies with Sharia law; no interest on overnight positions.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically HKD 100,000).
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Same as Standard Account.
• Key Features: Risk-free trading environment; practice trading strategies.
• Target User Profile: Beginners and those testing new 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/Professional Traders: Pro Account, Islamic Account

Detailed guoyuan Account Features

Comparison of Features Across Different Account Types

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• User-friendly interface.
• No commission fees.
• Suitable for beginners.
• Disadvantages:
• Higher spreads compared to ECN accounts.
• Limited advanced trading features.

ECN Account

• Advantages:
• Tight spreads and fast execution.
• Ideal for scalping and high-frequency trading.
• Direct access to the market.
• Disadvantages:
• Higher minimum deposit.
• Commission fees apply.

Pro Account

• Advantages:
• High leverage options.
• Competitive spreads and lower fees.
• Advanced trading tools available.
• Disadvantages:
• High minimum deposit requirement.
• Not suitable for beginners.

Islamic Account

• Advantages:
• Complies with Sharia law.
• No swap fees.
• Suitable for Muslim traders.
• Disadvantages:
• Limited availability of advanced features.
• Similar minimum deposit as Standard Account.

Demo Account

• Advantages:
• Risk-free environment for practice.
• Access to all trading instruments.
• Ideal for testing strategies.
• Disadvantages:
• Virtual funds only; cannot withdraw.
• Limited duration compared to live accounts.

guoyuan Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: No specific restrictions mentioned; however, users from certain countries may face limitations based on local regulations.
• Prohibited Countries: Not specified in the available data.
• Identity Verification Documents Needed: Valid government-issued ID (passport or national ID).
• Proof of Residence Requirements: Utility bill or bank statement showing current address.
• Additional Documentation for Professional Accounts: Business registration documents for corporate accounts.

KYC/AML Compliance Procedures

Guoyuan follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring clients to provide necessary documentation to verify their identity and source of funds.

Verification Time Frames

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

Step-by-Step guoyuan Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Navigate to the Guoyuan website and select the account opening option.
2. Personal Information Entry: Fill in personal details such as name, date of birth, and contact information.
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 Guoyuan to verify your submitted documents.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, though mobile may have a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document upload errors.
• Solution: Ensure documents are clear and meet the specified format.
• Issue: Delayed verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

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

guoyuan Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments with virtual funds.
• Benefits: Allows traders to practice strategies without financial risk.

How to Open a Demo Account

• Visit the Guoyuan website and select the demo account option.
• Fill out the registration form and submit.

Demo Account Limitations

• Virtual funds cannot be withdrawn.
• Limited duration compared to live accounts.

Virtual Balance Amount

Typically, demo accounts come with a virtual balance of HKD 100,000.

Demo vs Live Account Differences

Demo accounts use virtual funds, while live accounts require real money deposits and involve actual trading risks.

Duration/Expiry of Demo Accounts

Demo accounts usually remain active for 30 days, after which they may expire unless extended.

guoyuan Islamic Account Details

Swap-Free/Islamic Account Availability

Guoyuan offers Islamic accounts that comply with Sharia law, ensuring no interest is charged on overnight positions.

Eligibility Requirements

To qualify for an Islamic account, clients must provide documentation confirming their adherence to Islamic finance principles.

Differences from Standard Accounts

Islamic accounts do not incur swap fees, making them suitable for Muslim traders.

How to Apply for Islamic Account

Clients can apply for an Islamic account during the registration process by selecting the Islamic account option.

Restrictions or Special Conditions

Islamic accounts may have similar minimum deposit requirements as standard accounts but are subject to specific compliance checks.

FAQs – guoyuan Account Types & Opening

1. What account types does guoyuan offer？

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

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

• Standard: HKD 10,000; ECN: HKD 20,000; Pro: HKD 50,000; Islamic: HKD 10,000; Demo: Virtual funds.

1. How long does guoyuan account verification take？

• Account verification typically takes 1-3 business days.

1. Does guoyuan offer demo accounts？

• Yes, guoyuan offers demo accounts with virtual funds for practice.

1. Can I have multiple account types with guoyuan？

• Yes, clients can hold multiple account types.

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

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

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

• A valid ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can change your account type by contacting customer support.