SAEN broker Accounts

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

Part 1: saen Account Types Explained

Available Account Types

saen offers several account types tailored to different trading needs and experiences. Below is a detailed overview of each account type:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips, no commissions.
• Leverage Options: Up to 1:500.
• Key Features: User-friendly interface, suitable for beginners.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Tight spreads from 0.1 pips, commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, faster execution.
• Target User Profile: Intermediate to advanced traders.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips, commission of $2 per lot.
• Leverage Options: Up to 1:100.
• Key Features: Advanced trading tools, dedicated account manager.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to the Standard account, but swap-free.
• Leverage Options: Up to 1:500.
• Key Features: Compliant with Islamic finance principles.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000).
• Spread/Commission Structure: Same as the Standard account.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading without risk, access to all trading instruments.
• Target User Profile: Beginners looking to practice and experienced traders testing strategies.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

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: saen Account Features Comparison

Detailed saen Account Features

Advantages of Each Account Type

• Standard Account:

• Easy to use for beginners.

• No commission fees.

• High leverage options.

• ECN Account:

• Tight spreads for cost-effective trading.

• Direct access to market liquidity.

• Faster execution speeds.

• Pro Account:

• Advanced trading tools and features.

• Lower commission fees for high-volume traders.

• Dedicated account management.

• Islamic Account:

• Compliant with Islamic trading principles.

• No swap fees.

• Demo Account:

• Risk-free environment to practice trading.

• Access to all trading instruments.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• Limited advanced features.

• ECN Account:

• Requires a higher minimum deposit.

• Commission fees can add up.

• Pro Account:

• Higher minimum deposit requirement.

• May not be suitable for casual traders.

• Islamic Account:

• Limited to Muslim traders.

• May have fewer features compared to other accounts.

• Demo Account:

• Virtual funds do not reflect real market conditions.

• Limited duration for practice.

Part 3: saen Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; specific restrictions may apply.
• Prohibited Countries: Check with saen for a list of restricted jurisdictions.
• Identity Verification Documents Needed:
• Government-issued ID (passport, drivers license).
• Proof of residence (utility bill, bank statement).
• Additional Documentation for Professional Accounts: May include proof of trading experience or financial status.

KYC/AML Compliance Procedures

• saen follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to verify their identity and address before account approval.

Verification Time Frames

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

Part 4: saen Account Opening Process

Step-by-Step saen Account Opening Guide

1. Visit Website and Click Registration: Go to the saen website and locate the registration button.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type based on your trading needs.
4. Set Trading Preferences: Specify your trading preferences and risk tolerance.
5. Document Upload: Upload required identity verification documents.
6. Account Verification: Wait for saen to verify your documents.
7. Fund Your Account: Deposit funds into your account using available payment methods.
8. Start Trading: Once funded, you can begin trading on the platform.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but mobile users may have a more streamlined experience.

Common Registration Issues and Solutions

• Issue: Document upload failures.
• Solution: Ensure documents are clear and meet size requirements.
• Issue: Delays in verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Most accounts are approved within 1-3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

• Users can request account type changes through the customer support portal or account settings.

Part 5: saen Demo Account Information

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies.
• Access to all trading instruments available in live accounts.
• Ability to test trading platforms without financial risk.

How to Open a Demo Account

• Visit the saen website and select the demo account option.
• Fill in the required information and create your demo account.

Demo Account Limitations

• Limited duration, typically expiring after 30 days.
• Virtual funds may not reflect real market conditions.

Virtual Balance Amount

• Demo accounts usually come with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Execution speeds and market conditions may differ.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days of inactivity.

Part 6: saen Islamic Account Details

Swap-Free/Islamic Account Availability

• saen offers Islamic accounts that comply with Sharia law, ensuring no swap fees are charged.

Eligibility Requirements

• Must be a Muslim trader to qualify for an Islamic account.

Differences from Standard Accounts

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

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; consult saen for details.

FAQs – saen Account Types & Opening

1. What account types does saen offer？

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

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

• Standard: $100, ECN: $500, Pro: $1,000, Islamic: $100, Demo: Virtual funds.

1. How long does saen account verification take？

• Verification typically takes 1-3 business days.

1. Does saen offer demo accounts？

• Yes, saen provides demo accounts for practice trading.

1. Can I have multiple account types with saen？

• Yes, users can open multiple account types.

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

• Yes, saen offers Islamic accounts compliant with Sharia law.

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

• A government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can request changes to your account type through customer support.