LKP broker Accounts

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

lkp Account Types Explained

LKP Securities offers a variety of account types tailored to meet the diverse needs of investors. Heres a detailed overview of each account type:

1. Standard Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; commission-free.
• Leverage Options: Up to 1:50.
• Key Features: Access to a wide range of trading instruments, including equities, derivatives, and commodities.
• Target User Profile: Suitable for beginner to intermediate traders.
• Trading Instruments Available: Stocks, commodities, and derivatives.

2. ECN Account

• Minimum Deposit Requirement: ₹25,000
• Spread/Commission Structure: Tight spreads starting from 0.1 pips; commission applies.
• Leverage Options: Up to 1:100.
• Key Features: Direct market access with lower spreads, ideal for high-frequency trading.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, and indices.

3. Pro Account

• Minimum Deposit Requirement: ₹50,000
• Spread/Commission Structure: Variable spreads; lower commission rates.
• Leverage Options: Up to 1:200.
• Key Features: Enhanced trading conditions with advanced trading tools and analytics.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Similar to the Standard Account but swap-free.
• Leverage Options: Up to 1:50.
• Key Features: Complies with Sharia law, offering a swap-free trading environment.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Stocks, commodities, and derivatives.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Similar to the Standard Account.
• Leverage Options: Up to 1:50.
• Key Features: Practice trading with virtual funds; access to all trading tools.
• Target User Profile: Beginners and those looking to test strategies.
• Trading Instruments Available: All instruments available in live accounts.

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

Detailed lkp Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: ₹10,000

• ECN: ₹25,000

• Pro: ₹50,000

• Islamic: ₹10,000

• Demo: N/A

• Maximum Leverage:

• Standard: Up to 1:50

• ECN: Up to 1:100

• Pro: Up to 1:200

• Islamic: Up to 1:50

• Demo: Up to 1:50

• Spreads:

• Standard: From 0.5 pips

• ECN: From 0.1 pips

• Pro: Variable

• Islamic: Similar to Standard

• Demo: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: Yes

• Pro: Lower rates

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Standard lots

• ECN: Micro, mini, standard

• Pro: Micro, mini, standard

• Islamic: Standard lots

• Demo: Standard lots

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, proprietary platform

• Pro: MT5, proprietary platform

• Islamic: MT4

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: Instant

• Pro: ECN

• Islamic: Market

• Demo: Market

• Islamic Account Availability: Yes for Islamic Account only.

• Swap-Free Options: Available for Islamic Account.

• Demo Account Features: Unlimited access to trading tools with virtual funds.

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.
• Limited leverage.

ECN Account

• Advantages:
• Tight spreads.
• Suitable for high-frequency trading.
• Direct market access.
• Disadvantages:
• Higher minimum deposit.
• Commission fees apply.

Pro Account

• Advantages:
• Best trading conditions for professionals.
• Lower commission rates.
• High leverage options.
• Disadvantages:
• High minimum deposit.
• Complex for beginners.

Islamic Account

• Advantages:
• Complies with Sharia law.
• No swap fees.
• Similar features to Standard Account.
• Disadvantages:
• Limited to specific trading conditions.

Demo Account

• Advantages:
• Risk-free trading environment.
• Unlimited access to tools.
• Ideal for practice.
• Disadvantages:
• No real profits.
• Limited to virtual funds.

lkp Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of India and select countries.
• Prohibited Countries: Specific countries may be restricted based on local regulations.

Identity Verification Documents Needed

• Proof of Identity: Government-issued ID (Aadhaar, Passport, etc.).
• Proof of Residence: Utility bill, bank statement, or rental agreement.
• Additional Documentation for Professional Accounts: Business registration documents, if applicable.

KYC/AML Compliance Procedures

• LKP Securities follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) guidelines to verify the identity of clients.

Verification Time Frames

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

Step-by-Step lkp Account Opening Guide

Detailed Registration Process

1. Visit the Website: Go to the LKP Securities official site.
2. Click Registration: Locate and click on the "Open Account" button.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select the desired account type from the options available.
5. Set Trading Preferences: Specify 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: Deposit the minimum required amount to activate your account.
9. Start Trading: Once verified and funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but the mobile interface may have fewer options visible at once.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and in the correct 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

• Users can request to upgrade or downgrade their account type through the customer support portal or by contacting their account manager.

lkp Demo Account Guide

Demo Account Features and Benefits

• Offers a risk-free environment to practice trading strategies.
• Access to all trading tools and platforms available in live accounts.

How to Open a Demo Account

• Visit the LKP Securities website and select the demo account option, then follow the registration steps.

Demo Account Limitations

• Limited to virtual funds; no real profits can be made.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of ₹1,000,000.

Demo vs Live Account Differences

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

Duration/Expiry of Demo Accounts

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

lkp Islamic Account Details

Swap-Free/Islamic Account Availability

• LKP Securities offers an Islamic account that is compliant with Sharia law.

Eligibility Requirements

• Open to all clients who require a swap-free trading environment.

Differences from Standard Accounts

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

How to Apply for Islamic Account

• Select the Islamic account option during the registration process or contact customer support for assistance.

Restrictions or Special Conditions

• Islamic accounts must adhere to specific trading conditions, including no overnight positions that incur swap fees.

FAQs – lkp Account Types & Opening

1. What account types does lkp offer？

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

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

• Standard: ₹10,000, ECN: ₹25,000, Pro: ₹50,000, Islamic: ₹10,000, Demo: N/A.

1. How long does lkp account verification take？

• Verification typically takes 1-3 business days.

1. Does lkp offer demo accounts？

• Yes, LKP offers demo accounts for practice trading.

1. Can I have multiple account types with lkp？

• Yes, clients can hold multiple account types.

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

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

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

• Proof of identity and proof of residence are required.

1. Can I change my account type after registration？

• Yes, account types can be upgraded or downgraded upon request.