PUSHPAK broker Accounts

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

pushpak Account Types Explained

Pushpak offers a variety of account types tailored to meet the needs of different traders. Below is a detailed overview of each account type available:

1. Standard Account

• Minimum Deposit Requirement: ₹5,000
• Spread/Commission Structure: Fixed spreads starting from 2.0 pips
• Leverage Options: Up to 1:50
• Key Features: Ideal for beginners; offers basic trading tools and access to major currency pairs.
• Target User Profile: Beginner traders
• Trading Instruments Available: Forex, commodities, and indices

2. ECN Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Variable spreads starting from 0.1 pips plus a commission of ₹20 per lot
• Leverage Options: Up to 1:100
• Key Features: Direct market access with lower spreads; suitable for high-frequency trading.
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies

3. Pro Account

• Minimum Deposit Requirement: ₹25,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips with a commission of ₹15 per lot
• Leverage Options: Up to 1:200
• Key Features: Enhanced trading conditions for professional traders; access to advanced trading tools.
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies, and CFDs

4. Islamic Account

• Minimum Deposit Requirement: ₹5,000
• Spread/Commission Structure: Similar to Standard Account but without swap fees
• Leverage Options: Up to 1:50
• Key Features: Complies with Sharia law; no interest on overnight positions.
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, and indices

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:50
• Key Features: Risk-free environment to practice trading strategies with virtual funds.
• Target User Profile: Beginners and traders testing new strategies
• Trading Instruments Available: Forex, commodities, indices

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account
• Muslim Traders: Islamic Account
• Practice Traders: Demo Account

Detailed pushpak Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:
• Low minimum deposit
• User-friendly for beginners
• Access to essential trading tools
• ECN Account:
• Tight spreads for cost-effective trading
• Direct market access
• Suitable for scalping and high-frequency trading
• Pro Account:
• Advanced trading features
• Lower commission rates
• High leverage options
• Islamic Account:
• Complies with Islamic finance principles
• No swap fees
• Suitable for Muslim traders
• Demo Account:
• Risk-free trading environment
• Practice with virtual funds
• Test strategies before going live

Disadvantages of Each Account Type

• Standard Account:
• Higher spreads compared to ECN accounts
• Limited advanced features
• ECN Account:
• Higher minimum deposit requirement
• Commission fees may add to trading costs
• Pro Account:
• Higher minimum deposit requirement
• More complex trading features may overwhelm beginners
• Islamic Account:
• Limited to specific trading instruments
• Not available for all traders
• Demo Account:
• Virtual funds do not reflect real market conditions
• Limited duration for practice

pushpak 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 due to regulatory issues (not specified).
• Identity Verification Documents Needed:
• PAN Card (self-attested)
• Aadhaar Card (self-attested)
• Passport-sized photo
• Nominee ID proof (PAN or Aadhaar)
• Cancelled cheque or bank statement
• Proof of Residence Requirements: Utility bill or bank statement showing the current address.
• Additional Documentation for Professional Accounts: Financial statements and proof of business registration for corporate accounts.

KYC/AML Compliance Procedures

• Verification of identity and address through KYC (Know Your Customer) norms.
• Compliance with AML (Anti-Money Laundering) regulations as per SEBI guidelines.

Verification Time Frames

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

Step-by-Step pushpak Account Opening Guide

Registration Process

1. Visit the Website: Go to the official pushpak website.
2. Click Registration: Find and click the "Open an Account" 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 from the available options.
5. Set Trading Preferences: Indicate 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 approved, you can start trading on the platform.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with mobile offering a more streamlined interface for on-the-go registration.

Common Registration Issues and Solutions

• Issue: Document upload failures
• Solution: Ensure documents are clear and in the correct format (JPEG/PDF).
• Issue: Delays in verification
• Solution: Contact customer support for assistance.

Average Account Approval Time

• The average account approval time is between 1-3 business days, depending on document verification.

How to Upgrade/Downgrade Account Types

• Users can request an upgrade or downgrade by contacting customer support or through the account management section on the website.

pushpak Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments with virtual funds.
• Benefits: Practice trading strategies without financial risk and familiarize yourself with the trading platform.

How to Open a Demo Account

• Follow the same registration process as a live account but select "Demo Account" during the account type selection step.

Demo Account Limitations

• Limited to virtual funds and may have a time limit for usage.

Virtual Balance Amount

• The demo account typically comes 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 market conditions.

Duration/Expiry of Demo Accounts

• Demo accounts may expire after 30 days of inactivity.

pushpak Islamic Account Details

Swap-Free/Islamic Account Availability

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

Eligibility Requirements

• Must be a Muslim trader seeking a swap-free trading environment.

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 submit the necessary documentation.

Restrictions or Special Conditions

• Islamic accounts may have limitations on certain trading instruments.

FAQs – pushpak Account Types & Opening

1. What account types does pushpak offer？

• Pushpak 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: ₹5,000, Demo: N/A.

1. How long does pushpak account verification take？

• Verification typically takes 1-3 business days.

1. Does pushpak offer demo accounts？

• Yes, pushpak offers demo accounts for practice trading.

1. Can I have multiple account types with pushpak？

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

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

• Yes, Islamic accounts are available for Muslim traders.

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

• PAN Card, Aadhaar Card, passport-sized photo, nominee ID proof, 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.