Ludhiana broker Accounts

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

Part 1: ludhiana Account Types Explained

Ludhiana offers a variety of account types tailored to meet different trading needs. Below are the key account types available:

1. Standard Account

• Minimum Deposit Requirement: ₹5,000
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:100
• Key Features: Basic trading tools, access to major currency pairs, and educational resources.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, and indices.

2. ECN Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Low spreads from 0.1 pips with a commission of ₹20 per lot.
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution speeds, and no requotes.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, and cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: ₹25,000
• Spread/Commission Structure: Tight spreads starting from 0.5 pips with a lower commission.
• Leverage Options: Up to 1:500
• Key Features: Advanced trading tools, priority customer support, and higher trading limits.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and stocks.

4. Islamic Account

• Minimum Deposit Requirement: ₹5,000
• Spread/Commission Structure: Similar to the Standard Account but without swap fees.
• Leverage Options: Up to 1:100
• Key Features: Compliant with Sharia law, no interest fees.
• Target User Profile: Muslim traders seeking halal trading options.
• Trading Instruments Available: Forex and commodities.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Same as Standard Account.
• Key Features: Practice trading with virtual money, access to all trading tools.
• Target User Profile: Beginners looking to practice trading strategies.
• Trading Instruments Available: Forex, commodities, and 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: ludhiana Account Features Comparison

Detailed ludhiana Account Features

Advantages of Each Account Type

• Standard Account:

• Easy to open and manage.

• No commission fees.

• Suitable for beginners.

• ECN Account:

• Low spreads and fast execution.

• Ideal for scalping strategies.

• Direct market access.

• Pro Account:

• Advanced trading features.

• Lower trading costs for high volume.

• Priority customer support.

• Islamic Account:

• Compliant with Sharia law.

• No interest fees.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Practice strategies without financial risk.

• Access to all trading tools.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced features.

• ECN Account:

• Requires a higher minimum deposit.

• Commission fees may add to trading costs.

• Pro Account:

• High minimum deposit requirement.

• May not be suitable for casual traders.

• Islamic Account:

• Limited availability of trading instruments.

• May have higher spreads.

• Demo Account:

• No real money involved.

• Limited duration for practice.

Part 3: ludhiana Account Registration Requirements

ludhiana Account Registration Requirements

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.

• Geographic Restrictions: Open to residents of India and select other countries.

• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.

• Identity Verification Documents Needed:

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

• PAN card for tax identification.

• Proof of Residence Requirements:

• Utility bill or bank statement with the applicant's name and address.

• Additional Documentation for Professional Accounts:

• Business registration documents (if applicable).

• Financial statements.

• KYC/AML Compliance Procedures:

• Complete KYC (Know Your Customer) form.

• Verification of identity and address through submitted documents.

• Verification Time Frames:

• Typically, account verification takes 1-3 business days.

Part 4: ludhiana Account Opening Process

Step-by-Step ludhiana Account Opening Guide

1. Visit Website: Go to the official ludhiana trading platform.
2. Click Registration: Find and click on the "Open Account" button.
3. Personal Information Entry: Fill in personal details such as name, address, and contact information.
4. Choose Account Type: Select the desired account type from the available options.
5. Set Trading Preferences: Specify trading preferences and risk appetite.
6. Document Upload: Upload required identity and residence verification documents.
7. Account Verification: Wait for the account to be verified by the ludhiana team.
8. Fund Your Account: Deposit the minimum required amount to activate the account.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• Desktop: Full features available, including document uploads and detailed account settings.
• Mobile: Streamlined process, may have limited features depending on the app.

Common Registration Issues and Solutions

• Issue: Document upload failures.

• 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 1-3 business days.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade.
• Additional documentation may be required for certain account types.

Part 5: ludhiana Demo Account Information

ludhiana Demo Account Guide

• Demo Account Features and Benefits:

• Practice trading with virtual funds.

• Access to all trading tools and features.

• No financial risk involved.

• How to Open a Demo Account:

• Follow the same registration process, selecting the demo account option.

• Demo Account Limitations:

• Limited duration (typically 30-90 days).

• Virtual funds only, no real trading.

• Virtual Balance Amount:

• Usually set at ₹1,000,000 in virtual currency.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds; live accounts involve real money.

• Trading conditions may differ slightly.

• Duration/Expiry of Demo Accounts:

• Demo accounts typically expire after 30-90 days of inactivity.

Part 6: ludhiana Islamic Account Details

ludhiana Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Yes, available for Muslim traders.

• Eligibility Requirements:

• Must provide documentation confirming religious beliefs.

• Differences from Standard Accounts:

• No swap fees applied on overnight positions.

• May have different spreads.

• How to Apply for Islamic Account:

• Select the Islamic account option during registration.

• Provide necessary documentation.

• Restrictions or Special Conditions:

• Must comply with Sharia law.

• Limited trading instruments may be available.

FAQs – ludhiana Account Types & Opening

1. What account types does ludhiana offer？

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

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

• Standard: ₹5,000; ECN: ₹10,000; Pro: ₹25,000; Islamic: ₹5,000; Demo: N/A.

1. How long does ludhiana account verification take？

• Typically 1-3 business days.

1. Does ludhiana offer demo accounts？

• Yes, demo accounts are available for practice.

1. Can I have multiple account types with ludhiana？

• Yes, you can hold multiple accounts.

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

• Yes, Islamic accounts are available.

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

• Government-issued ID, PAN card, and proof of residence.

1. Can I change my account type after registration？

• Yes, by contacting customer support.