HIGHSTREET broker Accounts

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

hsn Account Types Explained

HSN offers various account types tailored to different trading needs and preferences. Below is a comprehensive overview of the available account types, including their minimum deposit requirements, spread/commission structures, leverage options, key features, target user profiles, and trading instruments 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: User-friendly interface, access to various trading instruments, suitable for beginners
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex, commodities, indices

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Low spreads starting from 0.1 pips, commission of $3 per lot
• Leverage Options: Up to 1:100
• Key Features: Direct market access, faster execution speeds, ideal for scalpers
• Target User Profile: Experienced traders and scalpers
• Trading Instruments Available: Forex, commodities, indices, 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 1:200
• Key Features: Advanced trading tools, enhanced analytical resources, suitable for professional traders
• Target User Profile: Professional and institutional traders
• Trading Instruments Available: Forex, commodities, indices, ETFs

4. 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 fees
• Target User Profile: Muslim traders seeking Sharia-compliant trading options
• Trading Instruments Available: Forex, commodities, indices

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: Practice trading without risk, access to all trading instruments
• Target User Profile: Beginners and traders looking to test strategies
• Trading Instruments Available: Forex, commodities, indices

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed hsn Account Features

Feature Comparison Across Different Account Types

Advantages of Each Account Type

• Standard Account: Easy to use, no commission fees, suitable for beginners.
• ECN Account: Low spreads, direct market access, ideal for high-frequency trading.
• Pro Account: Advanced tools, lower commission, suitable for professional trading.
• Islamic Account: Compliant with Sharia law, no interest fees.
• Demo Account: Risk-free trading environment, practice strategies, no financial loss.

Disadvantages of Each Account Type

• Standard Account: Higher spreads compared to ECN.
• ECN Account: Requires higher minimum deposit, commission fees apply.
• Pro Account: High minimum deposit, not suitable for beginners.
• Islamic Account: Limited to specific trading instruments.
• Demo Account: No real financial gains, limited to virtual funds.

hsn Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; specific restrictions may apply.
• Prohibited Countries: Countries under international sanctions may be restricted.
• Identity Verification Documents Needed: Government-issued ID (passport or drivers license).
• Proof of Residence Requirements: Utility bill or bank statement with the applicant's name and address.
• Additional Documentation for Professional Accounts: Proof of trading experience or financial status may be required.

KYC/AML Compliance Procedures

• HSN adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring identity verification and proof of residence.

Verification Time Frames

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

Step-by-Step hsn Account Opening Guide

Registration Process

1. Visit Website and Click Registration: Go to the HSN website and select the "Create Account" option.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type from the available options.
4. Set Trading Preferences: Specify trading preferences and leverage options.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for HSN to verify your documents.
7. Fund Your Account: Deposit the minimum required amount to start trading.
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, with mobile offering a more streamlined interface for quick registration.

Common Registration Issues and Solutions

• Issue: Document upload errors.
• 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 verification process.

How to Upgrade/Downgrade Account Types

• Account type changes can be requested through the account management section on the HSN website. Approval may require additional documentation.

hsn Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments, practice trading strategies without risk, and use of virtual funds.
• Benefits: Ideal for beginners to learn trading without financial risk.

How to Open a Demo Account

• Visit the HSN website and select the "Open Demo Account" option. Follow the registration steps similar to opening a live account.

Demo Account Limitations

• Virtual funds are not real money, and no financial gains can be realized.

Virtual Balance Amount

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

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits and trading.

Duration/Expiry of Demo Accounts

• Demo accounts generally remain active for 30 days, but this may vary based on HSN's policies.

hsn Islamic Account Details

Swap-Free/Islamic Account Availability

• HSN offers Islamic accounts that comply with Sharia law, allowing trading without interest fees.

Eligibility Requirements

• Must be a Muslim trader seeking Sharia-compliant trading options.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees and have similar features to standard accounts.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process and provide necessary documentation.

Restrictions or Special Conditions

• Islamic accounts may have limitations on specific trading instruments.

FAQs – hsn Account Types & Opening

1. What account types does hsn offer？

• HSN 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 hsn account verification take？

• Verification typically takes 1-3 business days.

1. Does hsn offer demo accounts？

• Yes, HSN offers demo accounts for practice trading.

1. Can I have multiple account types with hsn？

• Yes, traders can hold multiple account types.

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

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

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

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

1. Can I change my account type after registration？

• Yes, account type changes can be requested through account management.