SAKE broker Accounts

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

Part 1: sake 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: Basic trading features, suitable for beginners
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

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

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads starting from 0.5 pips + commission
• Leverage Options: Up to 1:100
• Key Features: Advanced trading tools, priority support
• Target User Profile: Professional traders
• Trading Instruments Available: All instruments including stocks and ETFs

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: No swap fees, compliant with Sharia law
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:500
• Key Features: Practice trading without risk, access to all trading instruments
• Target User Profile: Beginners and experienced traders
• Trading Instruments Available: All instruments available in live accounts

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: sake Account Features Comparison

Detailed sake Account Features

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:100

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: 1.0 pips

• ECN: 0.1 pips + commission

• Pro: 0.5 pips + commission

• Islamic: Similar to Standard

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro (0.01 lots)

• ECN: Mini (0.1 lots)

• Pro: Standard (1 lot)

• Islamic: Micro (0.01 lots)

• Demo: Micro (0.01 lots)

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: Proprietary platform, MT4

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Yes for Islamic Account

• No for others

• Swap-Free Options:

• Available for Islamic Account only

• Demo Account Features:

• Unlimited virtual funds, access to all instruments, no risk

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to basic trading tools

• ECN Account:

• Tight spreads

• Direct market access

• Faster execution speeds

• Pro Account:

• Advanced trading tools

• Fixed spreads for better predictability

• Priority customer support

• Islamic Account:

• Compliant with Sharia law

• No swap fees

• Suitable for Muslim traders

• Demo Account:

• Risk-free trading experience

• Ideal for practice and learning

• Access to all trading instruments

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees may add to trading costs

• Pro Account:

• High minimum deposit

• More complex features may overwhelm beginners

• Islamic Account:

• Limited to Muslim traders

• May have fewer features than other accounts

• Demo Account:

• No real money involved

• Limited to practice only

Part 3: sake Account Opening Requirements

sake Account Registration Requirements

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.

• Geographic Restrictions: Available in most countries, but may be restricted in certain regions.

• Prohibited Countries: Specific countries may be restricted due to regulatory issues.

• Identity Verification Documents Needed:

• Government-issued ID (passport or drivers license)

• Proof of residence (utility bill or bank statement)

• Proof of Residence Requirements:

• Recent document showing name and address.

• Additional Documentation for Professional Accounts:

• Business registration documents (if applicable)

• Financial statements may be required for high-value accounts.

• KYC/AML Compliance Procedures:

• All accounts must comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.

• Verification Time Frames:

• Typically takes 1-3 business days for account verification.

Part 4: sake Account Opening Process

Step-by-Step sake Account Opening Guide

1. Visit Website and Click Registration: Navigate to the official sake trading platform.
2. Personal Information Entry: Fill in personal details including name, email, and phone number.
3. Choose Account Type: Select the desired account type based on your trading level.
4. Set Trading Preferences: Indicate your trading preferences, such as leverage and trading instruments.
5. Document Upload: Upload required identity verification documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Access the trading platform and begin trading.

• Desktop vs Mobile Registration Differences: The registration process is similar on both platforms, though mobile may have a simplified interface.
• Common Registration Issues and Solutions: Issues may include document rejection due to poor quality; ensure all documents are clear and legible.
• Average Account Approval Time: Generally, 1-3 business days.
• How to Upgrade/Downgrade Account Types: Contact customer support to request changes in account type.

Part 5: sake Demo Account Information

sake Demo Account Guide

• Demo Account Features and Benefits:

• Allows traders to practice without financial risk.

• Access to all trading instruments available in live accounts.

• How to Open a Demo Account:

• Register on the sake platform and select the demo account option.

• Demo Account Limitations:

• Limited to virtual funds; cannot withdraw or transfer to live accounts.

• Virtual Balance Amount:

• Typically starts with a virtual balance of $10,000.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds; live accounts involve real money and market conditions.

• Duration/Expiry of Demo Accounts:

• Demo accounts may last for 30 days or longer, depending on the platform.

Part 6: sake Islamic Account Details

sake Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Yes, available for traders who require compliance with Islamic finance principles.

• Eligibility Requirements:

• Must be a Muslim trader.

• Differences from Standard Accounts:

• No swap fees applied on overnight positions.

• How to Apply for Islamic Account:

• Select the Islamic account option during registration or contact customer support.

• Restrictions or Special Conditions:

• Must provide proof of eligibility as a Muslim trader.

FAQs – sake Account Types & Opening

1. What account types does sake offer？

• Sake 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: N/A.

1. How long does sake account verification take？

• Verification typically takes 1-3 business days.

1. Does sake offer demo accounts？

• Yes, sake offers demo accounts for practice trading.

1. Can I have multiple account types with sake？

• Yes, traders can hold multiple account types.

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

• Yes, Islamic accounts are available for Muslim traders.

1. What documents do I need to open a sake 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.