SAIKYO broker Accounts

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

Part 1: saikyo Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:500
• Key Features: Access to all trading instruments, including forex, commodities, and indices.
• Target User Profile: Beginners and intermediate traders.
• Trading Instruments Available: Forex, commodities, indices.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips + commission
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Competitive spreads with lower commission fees.
• Leverage Options: Up to 1:100
• Key Features: Enhanced trading conditions and priority support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: All instruments available on the platform.

1. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, depending on the chosen type.
• Leverage Options: Up to 1:200
• Key Features: Swap-free trading options compliant with Islamic finance principles.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically $10,000)
• Spread/Commission Structure: Same as live accounts.
• Leverage Options: Same as live accounts.
• Key Features: Risk-free environment to practice trading strategies.
• Target User Profile: Beginners and those testing new strategies.
• Trading Instruments Available: All instruments available on the platform.

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
• New Traders Testing Strategies: Demo Account

Part 2: Detailed saikyo Account Features

Feature Comparison Across Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $500

• Demo: Virtual balance

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:100

• Islamic: Up to 1:200

• Demo: Same as live accounts

• Spreads:

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: Competitive

• Islamic: Similar to Standard

• Demo: Same as live accounts

• Commission Fees:

• Standard: None

• ECN: Yes, based on volume

• Pro: Reduced fees

• Islamic: Same as Standard

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• All account types support MT4 and MT5.

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Available for Islamic Account holders.

• Swap-Free Options:

• Available for Islamic Accounts.

• Demo Account Features:

• Full access to trading instruments with virtual funds.

Advantages and Disadvantages of Each Account Type

• Standard Account:

• Advantages: Low minimum deposit, user-friendly.

• Disadvantages: Higher spreads compared to ECN.

• ECN Account:

• Advantages: Low spreads, direct market access.

• Disadvantages: Higher minimum deposit, commission fees.

• Pro Account:

• Advantages: Competitive conditions, priority support.

• Disadvantages: High minimum deposit.

• Islamic Account:

• Advantages: Compliant with Islamic finance.

• Disadvantages: Limited availability for non-Muslim traders.

• Demo Account:

• Advantages: Risk-free trading, practice environment.

• Disadvantages: Limited duration, no real profits.

Part 3: saikyo Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to most countries, but may be restricted in certain jurisdictions.
• Prohibited Countries: Specific countries may be restricted based on local regulations.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID)
• Proof of residence (utility bill or bank statement)
• Proof of Residence Requirements: Recent document showing your name and address.
• 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 prevent fraud.

Verification Time Frames

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

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

Registration Process

1. Visit Website and Click Registration: Go to the saikyo website and select the account type you wish to open.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select from Standard, ECN, Pro, Islamic, or Demo accounts.
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload required identity verification documents.
6. Account Verification: Wait for the account to be verified by the saikyo team.
7. Fund Your Account: Deposit funds into your account using available payment methods.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but mobile may have app-specific features for document uploads.

Common Registration Issues and Solutions

• Issue: Document rejection due to poor quality.
• Solution: Ensure documents are clear and legible before uploading.
• Issue: Delays in verification.
• Solution: Contact customer support for updates.

Average Account Approval Time

• Typically, account approval takes between 1-3 business days.

How to Upgrade/Downgrade Account Types

• Users can request to upgrade or downgrade their account type through customer support after meeting any additional requirements.

Part 5: saikyo Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies with virtual funds.
• Access to all trading instruments available on live accounts.

How to Open a Demo Account

• Visit the saikyo website and select the option to open a demo account. Follow the registration steps similar to live accounts.

Demo Account Limitations

• Limited duration, typically expiring after 30 days of inactivity.

Virtual Balance Amount

• Generally, demo accounts are funded with a virtual balance of $10,000.

Demo vs Live Account Differences

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

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity.

Part 6: saikyo Islamic Account Details

Swap-Free/Islamic Account Availability

• saikyo offers Islamic accounts that comply with Sharia law, allowing for swap-free trading.

Eligibility Requirements

• Must be a Muslim trader seeking compliance with Islamic finance principles.

Differences from Standard Accounts

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

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 conditions regarding trading strategies and instruments.

FAQs – saikyo Account Types & Opening

1. What account types does saikyo offer？

• saikyo 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: $500, Demo: Virtual balance.

1. How long does saikyo account verification take？

• Verification typically takes 1-3 business days.

1. Does saikyo offer demo accounts？

• Yes, saikyo provides demo accounts for practice trading.

1. Can I have multiple account types with saikyo？

• Yes, traders can open multiple account types as needed.

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

• Yes, saikyo provides Islamic accounts compliant with Sharia law.

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

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

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