Punjab Capital broker Accounts

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

punjab capital Account Types Explained

Punjab Capital offers a variety of account types tailored to meet the diverse needs of traders. Each account type is designed with specific features, benefits, and requirements, catering to different trading profiles.

Account Types Overview

1. Standard Account

• Minimum Deposit Requirement: ₹5,000
• Spread/Commission Structure: Fixed spreads starting from 2 pips
• Leverage Options: Up to 1:100
• Key Features: User-friendly platform, access to educational resources
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Variable spreads, commission of ₹50 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads
• Target User Profile: Intermediate to advanced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: ₹25,000
• Spread/Commission Structure: Tight spreads from 1 pip, commission of ₹30 per lot
• Leverage Options: Up to 1:500
• Key Features: Advanced trading tools, dedicated account manager
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Forex, commodities, indices, stocks

1. Islamic Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Similar to Standard or ECN accounts
• Leverage Options: Up to 1:100
• Key Features: Swap-free trading
• Target User Profile: Muslim traders adhering to Sharia law
• Trading Instruments Available: Forex, commodities

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:100
• Key Features: Risk-free trading environment, practice strategies
• Target User Profile: Beginners and those 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
• Muslim Traders: Islamic Account

Detailed punjab capital Account Features

Comparison of Features Across Different Account Types

• Minimum Deposit:

• Standard: ₹5,000

• ECN: ₹10,000

• Pro: ₹25,000

• Islamic: ₹10,000

• Demo: N/A

• Maximum Leverage:

• Standard: 1:100

• ECN: 1:200

• Pro: 1:500

• Islamic: 1:100

• Demo: 1:100

• Spreads:

• Standard: Fixed from 2 pips

• ECN: Variable from 0.1 pips

• Pro: Variable from 1 pip

• Islamic: Similar to Standard or ECN

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: ₹50 per lot

• Pro: ₹30 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro

• ECN: Mini/Standard

• Pro: Standard

• Islamic: Micro/Mini/Standard

• Demo: Micro

• Available Trading Platforms:

• Standard: MT4

• ECN: MT4/MT5

• Pro: MT4/MT5

• Islamic: MT4

• Demo: MT4

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market

• Demo: Market

• Islamic Account Availability: Yes for Islamic Account

• Swap-Free Options: Available for Islamic Account

• Demo Account Features: Virtual funds for practice, no time limit on usage

Advantages of Each Account Type

• Standard Account:

• Easy to use for beginners

• No commission fees

• Educational resources available

• ECN Account:

• Lower spreads

• Direct market access

• Suitable for high-frequency trading

• Pro Account:

• Advanced trading tools

• Tightest spreads

• Personalized support

• Islamic Account:

• Complies with Sharia law

• No swap fees

• Flexible trading options

• Demo Account:

• Risk-free environment

• Practice trading strategies

• No financial commitment

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Requires higher minimum deposit

• Commission fees apply

• Pro Account:

• High minimum deposit

• More complex for beginners

• Islamic Account:

• Limited to specific trading instruments

• May have restrictions on certain trading strategies

• Demo Account:

• Virtual funds may not reflect real market conditions

• No real profit generation

punjab capital Account Registration Requirements

Eligibility Criteria

• Age Requirements: Minimum age of 18 years
• Geographic Restrictions: Available to residents of India and select international locations
• Prohibited Countries: Residents from countries under international sanctions may be restricted
• Identity Verification Documents Needed:
• Government-issued ID (Aadhaar, Passport, etc.)
• PAN card
• Proof of Residence Requirements:
• Utility bill
• Bank statement
• Additional Documentation for Professional Accounts: Business registration documents, financial statements

KYC/AML Compliance Procedures

• Complete KYC (Know Your Customer) verification is mandatory.
• Submit all required documents for identity and address verification.

Verification Time Frames

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

Step-by-Step punjab capital Account Opening Guide

Detailed Registration Process

1. Visit Website: Go to the Punjab Capital official website.
2. Click Registration: Locate and click on the "Open an Account" button.
3. Personal Information Entry: Fill in your personal details such as name, email, and phone number.
4. Choose Account Type: Select the desired account type from the available options.
5. Set Trading Preferences: Specify your trading preferences and risk appetite.
6. Document Upload: Upload the required identity and address 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 approved, you can start trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile registration may require additional verification steps via SMS.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are in the correct format and size.
• Issue: Verification delays.
• 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

• Contact customer support to request an upgrade or downgrade of your account type.

punjab capital Demo Account Guide

Demo Account Features and Benefits

• Risk-free trading environment with virtual funds.
• Access to the same trading platforms as live accounts.
• Ability to practice strategies without financial risk.

How to Open a Demo Account

• Visit the Punjab Capital website and select the "Open Demo Account" option.
• Fill in the required information and submit.

Demo Account Limitations

• Limited to virtual funds, no real profits can be made.
• Time restrictions may apply based on the broker's policies.

Virtual Balance Amount

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

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 may remain active for a specified period, often 30-90 days, depending on the broker's policy.

punjab capital Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available for traders who wish to comply with Sharia law.

Eligibility Requirements

• Must provide documentation confirming adherence to Islamic finance principles.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees for overnight positions.

How to Apply for Islamic Account

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

Restrictions or Special Conditions

• May have specific trading conditions or restrictions on certain instruments.

FAQs – punjab capital Account Types & Opening

1. What account types does punjab capital offer？

• Punjab Capital offers 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: ₹10,000, Demo: N/A.

1. How long does punjab capital account verification take？

• Verification typically takes 1-3 business days.

1. Does punjab capital offer demo accounts？

• Yes, a demo account is available for practice trading.

1. Can I have multiple account types with punjab capital？

• Yes, you can open multiple account types as per your trading needs.

1. Does punjab capital offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available for traders adhering to Sharia law.

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

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

1. Can I change my account type after registration？

• Yes, you can request an upgrade or downgrade through customer support.