LSFT broker Accounts

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

lsft Account Types Explained

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

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 all trading instruments.
• Target User Profile: Beginners and intermediate traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, faster execution speeds.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Competitive spreads starting 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 and institutions.
• Trading Instruments Available: Forex, commodities, indices, and CFDs.

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: Complies with Sharia law, no interest fees.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance of $10,000.
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free trading environment, practice strategies.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: All instruments available in live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account or Demo Account.
• Intermediate: Standard Account or Pro Account.
• Advanced: ECN Account or Pro Account.
• Professional: Pro Account.

Detailed lsft Account Features

Comparison of Features Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• User-friendly for beginners.

• No commission fees.

• Wide range of trading instruments.

• ECN Account:

• Direct market access.

• Low spreads.

• Ideal for scalping strategies.

• Pro Account:

• Advanced trading features.

• Lower commissions for high-volume traders.

• Priority support.

• Islamic Account:

• Complies with Islamic finance principles.

• No swap fees.

• Demo Account:

• Risk-free trading environment.

• Ideal for practice and strategy testing.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• Limited advanced features.

• ECN Account:

• Requires a higher minimum deposit.

• Commission fees can add up for frequent traders.

• Pro Account:

• Higher minimum deposit requirement.

• More suited for experienced traders.

• Islamic Account:

• Limited to Muslim traders.

• May have fewer features compared to other accounts.

• Demo Account:

• Virtual funds do not reflect real trading conditions.

• Limited duration for practice.

lsft Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries, but may have restrictions in certain regions.
• Prohibited Countries: Specific countries may be restricted due to regulatory issues.
• Identity Verification Documents Needed:
• Government-issued ID (passport, drivers license).
• Proof of residence (utility bill, bank statement).
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• LSFT adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all traders 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 lsft Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Go to the LSFT official website and click on the "Register" button.
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 leverage and trading preferences.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the verification process to complete.
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, but mobile users may need to download the LSFT app for trading.

Common Registration Issues and Solutions

• Issue: Verification delays.
• Solution: Ensure all documents are clear and correctly uploaded.
• Issue: Unable to complete registration.
• Solution: Check for any missing fields or errors in the information provided.

Average Account Approval Time

• Typically ranges from 1 to 3 business days, depending on document verification.

How to Upgrade/Downgrade Account Types

• Users can request an upgrade or downgrade by contacting customer support through the LSFT platform.

lsft Demo Account Guide

Demo Account Features and Benefits

• The demo account allows traders to practice without financial risk, offering a virtual balance to trade with.

How to Open a Demo Account

• Follow the same registration steps as for a live account, selecting the demo option during the account type selection.

Demo Account Limitations

• The demo account is limited to a virtual balance and may have a time limit on usage.

Virtual Balance Amount

• Typically set at $10,000 for practice purposes.

Demo vs Live Account Differences

• The demo account uses virtual funds, while the live account involves real money and market conditions.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for a limited time, often 30 days, after which they may expire unless converted to a live account.

lsft Islamic Account Details

Swap-free/Islamic Account Availability

• LSFT offers Islamic accounts that comply with Sharia law, ensuring no swap fees are charged.

Eligibility Requirements

• Must be a Muslim trader to qualify for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for long-term positions.

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 specific trading conditions to adhere to Sharia principles.

FAQs – lsft Account Types & Opening

1. What account types does lsft offer？

• LSFT 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: $0.

1. How long does lsft account verification take？

• Verification typically takes 1-3 business days.

1. Does lsft offer demo accounts？

• Yes, LSFT offers demo accounts for practice trading.

1. Can I have multiple account types with lsft？

• Yes, traders can open multiple account types.

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

• Yes, LSFT provides Islamic accounts that do not incur swap fees.

1. What documents do I need to open a lsft 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.