Sachdeva Stocks broker Accounts

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

sachdeva stocks Account Types Explained

Sachdeva Stocks offers a variety of account types tailored to meet the needs of different traders, from beginners to advanced investors. Below is an overview of the available account types:

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 all trading instruments
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Equities, commodities, forex

2. ECN Account

• Minimum Deposit Requirement: ₹25,000
• Spread/Commission Structure: Low spreads from 0.1 pips + commission of ₹20 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution, lower spreads
• Target User Profile: Experienced traders and scalpers
• Trading Instruments Available: Forex, commodities, indices

3. Pro Account

• Minimum Deposit Requirement: ₹50,000
• Spread/Commission Structure: Fixed spreads starting from 1 pip + commission
• Leverage Options: Up to 1:100
• Key Features: Advanced trading tools, priority customer support
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Equities, forex, commodities, derivatives

4. Islamic Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Similar to Standard Account but swap-free
• Leverage Options: Up to 1:100
• Key Features: Compliant with Sharia law, no swap fees
• Target User Profile: Muslim traders seeking halal trading options
• Trading Instruments Available: Equities, forex, commodities

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:100
• Key Features: Practice trading without risk, access to all trading tools
• Target User Profile: Beginners and those testing strategies
• Trading Instruments Available: All available instruments

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

Detailed sachdeva stocks Account Features

Feature Comparison Across Account Types

Advantages and Disadvantages of Each Account Type

• Standard Account

• Advantages: Low minimum deposit, suitable for beginners, access to all trading instruments.

• Disadvantages: Higher spreads compared to ECN, limited advanced features.

• ECN Account

• Advantages: Low spreads, fast execution, suitable for high-frequency trading.

• Disadvantages: Higher minimum deposit, commission fees apply.

• Pro Account

• Advantages: Advanced trading tools, fixed spreads, priority support.

• Disadvantages: High minimum deposit, commission fees can be significant.

• Islamic Account

• Advantages: Compliant with Sharia law, no swap fees.

• Disadvantages: Limited availability, similar features to Standard Account.

• Demo Account

• Advantages: Risk-free trading, practice strategies, access to all tools.

• Disadvantages: No real profits, limited duration.

sachdeva stocks 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; check the website for details.
• 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 the KYC (Know Your Customer) process by submitting required documents.
• Compliance with AML (Anti-Money Laundering) regulations is mandatory.

Verification Time Frames

• Account verification typically takes 1-3 business days.

Step-by-Step sachdeva stocks Account Opening Guide

Registration Process

1. Visit Website: Go to the Sachdeva Stocks official website.
2. Click Registration: Locate and click on the "Open Account" button.
3. Personal Information Entry: Fill in your personal details (name, email, phone number).
4. Choose Account Type: Select the desired account type from the options provided.
5. Set Trading Preferences: Indicate your trading preferences (leverage, trading instruments).
6. Document Upload: Upload required identity and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit the minimum required amount to start trading.
9. Start Trading: Access your account and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but the mobile interface may have a simplified layout.

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, account approval takes 1-3 business days.

How to Upgrade/Downgrade Account Types

• Log in to your account and navigate to the account settings to request an upgrade or downgrade.

sachdeva stocks Demo Account Guide

Demo Account Features and Benefits

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

How to Open a Demo Account

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

Demo Account Limitations

• Limited duration (usually 30 days).
• Virtual funds only, no real profits.

Virtual Balance Amount

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

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity.

sachdeva stocks Islamic Account Details

Swap-Free/Islamic Account Availability

• Yes, Sachdeva Stocks offers Islamic accounts that are swap-free.

Eligibility Requirements

• Must provide documentation confirming adherence to Islamic finance principles.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them compliant with Sharia law.

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; check the terms during registration.

FAQs – sachdeva stocks Account Types & Opening

1. What account types does sachdeva stocks offer？

• Sachdeva Stocks offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: ₹5,000, ECN: ₹25,000, Pro: ₹50,000, Islamic: ₹10,000.

1. How long does sachdeva stocks account verification take？

• Verification typically takes 1-3 business days.

1. Does sachdeva stocks offer demo accounts？

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

1. Can I have multiple account types with sachdeva stocks？

• Yes, you can hold multiple account types.

1. Does sachdeva stocks offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available.

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

• Government-issued ID, PAN card, 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 account settings.