PSG broker Accounts

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

Part 1: psg Account Types Explained

Available Account Types

1. PSG Wealth Cash Account

• Minimum Deposit Requirement: Not specified
• Spread/Commission Structure: Competitive fees based on existing unit trust investments
• Leverage Options: Not applicable
• Key Features:
• Enhanced cash solutions for non-transactional and advice process cash needs
• Competitive fees and ease of access to market
• Target User Profile: Individuals looking for cash management without transactional needs
• Trading Instruments Available: Cash holdings, unit trusts

1. Standard Account

• Minimum Deposit Requirement: Not specified
• Spread/Commission Structure: Variable spreads
• Leverage Options: Up to 1:100
• Key Features: Basic trading features suitable for beginners
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: Not specified
• Spread/Commission Structure: Low spreads with commission per trade
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, suitable for high-frequency trading
• Target User Profile: Experienced traders and scalpers
• Trading Instruments Available: Forex, commodities, indices

1. Pro Account

• Minimum Deposit Requirement: Not specified
• Spread/Commission Structure: Tight spreads with lower commissions
• Leverage Options: Up to 1:500
• Key Features: Advanced trading tools, priority customer support
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Forex, commodities, indices, stocks

1. Islamic Account

• Minimum Deposit Requirement: Not specified
• Spread/Commission Structure: Similar to standard accounts but swap-free
• Leverage Options: Up to 1:100
• Key Features: Compliance with Sharia law, no interest fees
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: Not applicable (virtual funds)
• Spread/Commission Structure: Mimics real account conditions
• Leverage Options: Same as live accounts
• Key Features: Practice trading without risk, access to all trading tools
• Target User Profile: Beginners and traders testing 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 Traders: Pro Account, Islamic Account

Part 2: Detailed psg Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit: Not specified for most accounts.
• Maximum Leverage: Ranges from 1:100 to 1:500 depending on the account type.
• Spreads:
• Standard Account: Variable spreads
• ECN Account: Low spreads
• Pro Account: Tight spreads
• Islamic Account: Similar to standard accounts but swap-free
• Commission Fees:
• ECN Account: Commission per trade
• Pro Account: Lower commissions
• Lot Size:
• Standard: Standard lots
• ECN: Micro, mini, and standard lots available
• Pro: Standard lots
• Available Trading Platforms:
• Standard and Pro: MT4, MT5
• ECN: Proprietary platform options available
• Execution Type:
• Standard: Market execution
• ECN: ECN execution
• Islamic Account Availability: Yes, for Muslim traders
• Swap-free Options: Available for Islamic accounts
• Demo Account Features: Full access to trading tools with virtual funds

Advantages of Each Account Type

• PSG Wealth Cash Account:

• Competitive fees

• Ease of access to market

• Suitable for cash management

• Standard Account:

• User-friendly for beginners

• Access to a variety of instruments

• ECN Account:

• Direct market access

• Lower trading costs for high-frequency traders

• Pro Account:

• Advanced trading tools

• Priority support

• Islamic Account:

• Compliance with Sharia law

• No interest fees

• Demo Account:

• Risk-free trading environment

• Ideal for strategy testing

Disadvantages of Each Account Type

• PSG Wealth Cash Account:

• Limited trading options

• Not suitable for active trading

• Standard Account:

• Higher spreads compared to ECN and Pro accounts

• ECN Account:

• Commission fees can add up

• Requires more trading knowledge

• Pro Account:

• Higher minimum deposit may be required

• More complex features may overwhelm beginners

• Islamic Account:

• Limited to Muslim traders

• May have restrictions on certain trading strategies

• Demo Account:

• Virtual trading may not reflect real market conditions

• Limited duration for practice

Part 3: psg Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Not specified, but typically limited to regions where PSG operates.
• Prohibited Countries: Not specified.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID)
• Proof of residence (utility bill or bank statement)
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks to verify identity and source of funds.

Verification Time Frames

• Verification typically takes 1-3 business days, depending on the completeness of the submitted documentation.

Part 4: Step-by-Step psg Account Opening Guide

Registration Process

1. Visit the Website: Go to the PSG official website.
2. Click Registration: Locate and click on the registration button.
3. Personal Information Entry: Fill in your personal details including name, email, and phone number.
4. Choose Account Type: Select the desired account type based on your trading needs.
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 account to be verified by PSG.
8. Fund Your Account: Deposit funds into your account to start trading.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is generally similar on both desktop and mobile platforms, though mobile may have a simplified interface.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are in the correct format and within size limits.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically ranges from 1-3 business days.

How to Upgrade/Downgrade Account Types

• Contact customer support or use the account management section on the website to request changes.

Part 5: psg Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading.
• Access to all trading tools and instruments available in live accounts.

How to Open a Demo Account

• Follow the same registration process as for live accounts, selecting the demo account option.

Demo Account Limitations

• Limited duration for usage, typically 30-90 days.
• Virtual funds may not reflect real market conditions.

Virtual Balance Amount

• Usually set at a standard amount (e.g., $10,000 or $100,000) for practice.

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 typically expire after a set period, requiring users to transition to a live account for continued trading.

Part 6: psg Islamic Account Details

Swap-free/Islamic Account Availability

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

Eligibility Requirements

• Must be a Muslim trader.

Differences from Standard Accounts

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

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

• May have limitations on certain trading strategies that involve interest.

FAQs – psg Account Types & Opening

1. What account types does psg offer？

• PSG offers Wealth Cash Accounts, Standard Accounts, ECN Accounts, Pro Accounts, Islamic Accounts, and Demo Accounts.

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

• Minimum deposit requirements are not specified for most account types.

1. How long does psg account verification take？

• Verification typically takes 1-3 business days.

1. Does psg offer demo accounts？

• Yes, PSG offers demo accounts for practice trading.

1. Can I have multiple account types with psg？

• Yes, you can open multiple account types depending on your trading needs.

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

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

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

• You need a government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.