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

Part 1: sanchit Account Types Overview

sanchit Account Types Explained

Sanchit offers several account types tailored to meet the diverse needs of traders. 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
• Leverage Options: Up to 1:500
• Key Features: Ideal for beginners, user-friendly platform, access to educational resources
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Low spreads starting from 0.1 pips, commission of $5 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution speeds, no dealing desk
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 0.5 pips, commission of $3 per lot
• Leverage Options: Up to 1:300
• Key Features: Enhanced trading conditions, priority support, advanced trading tools
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, stocks

4. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, but swap-free
• Leverage Options: Up to 1:200
• Key Features: Compliant with Sharia law, no overnight fees
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard account
• Leverage Options: Same as Standard account
• Key Features: Risk-free environment to practice trading, access to all trading tools
• Target User Profile: Beginners and experienced traders wanting to test 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
• Practicing Traders: Demo Account

Part 2: sanchit Account Features Comparison

Detailed sanchit Account Features

When considering the various sanchit account types, it is essential to compare their features:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $500

• Demo: N/A

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:200

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.1 pips

• Pro: From 0.5 pips

• Islamic: Similar to Standard

• Commission Fees:

• Standard: N/A

• ECN: $5 per lot

• Pro: $3 per lot

• Islamic: N/A

• Lot Size:

• Standard: Micro/Standard

• ECN: Mini/Standard

• Pro: Standard

• Islamic: Standard

• Available Trading Platforms:

• Standard: MT4

• ECN: MT4, MT5

• Pro: MT4, proprietary platform

• Islamic: MT4

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market

• Islamic Account Availability: Yes for Islamic Account only

• Swap-Free Options: Available for Islamic Account

• Demo Account Features: Available for all account types with virtual funds

Advantages of Each Account Type

• Standard Account:

• User-friendly

• Low minimum deposit

• Access to educational resources

• Suitable for beginners

• ECN Account:

• Low spreads

• Direct market access

• Faster execution

• Ideal for scalpers

• Pro Account:

• Enhanced trading conditions

• Lower commissions

• Advanced trading tools

• Priority customer support

• Islamic Account:

• No overnight fees

• Compliant with Sharia law

• Similar trading conditions to Standard/ECN

• Demo Account:

• Risk-free trading environment

• Practice without financial risk

• Access to all trading tools

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees may add up

• Pro Account:

• High minimum deposit

• More complex for beginners

• Islamic Account:

• Limited to specific trading conditions

• May have higher spreads

• Demo Account:

• Limited duration

• No real financial gain

Part 3: sanchit Account Opening Requirements

sanchit Account Registration Requirements

Eligibility Criteria:

• Age Requirements: Minimum age of 18 years
• Geographic Restrictions: Available in most countries, but restrictions may apply to certain regions
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance

Identity Verification Documents Needed:

• Government-issued ID (passport, national ID)
• Proof of residence (utility bill, bank statement)

Additional Documentation for Professional Accounts:

• Financial statements
• Proof of trading experience

KYC/AML Compliance Procedures:

• Complete identity verification
• Submit required documents
• Compliance with anti-money laundering regulations

Verification Time Frames:

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

Part 4: sanchit Account Opening Process

Step-by-Step sanchit Account Opening Guide

1. Visit Website and Click Registration: Navigate to the sanchit official website and click on 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 (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Specify trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the account to be verified by the sanchit team.
7. Fund Your Account: Deposit the minimum required amount to start trading.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences:

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

Common Registration Issues and Solutions:

• Issue: Document upload failure

• 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 ranges from 1 to 3 business days.

How to Upgrade/Downgrade Account Types:

• Contact customer support to request an upgrade or downgrade of the account type.

Part 5: sanchit Demo Account Information

sanchit Demo Account Guide

Demo Account Features and Benefits:

• Access to virtual funds for practice trading
• No financial risk involved
• Use of all trading tools available in live accounts

How to Open a Demo Account:

• Follow the same registration process, selecting the demo account 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 $10,000 or similar.

Demo vs Live Account Differences:

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

Duration/Expiry of Demo Accounts:

• Demo accounts generally expire after 30 days but can be renewed upon request.

Part 6: sanchit Islamic Account (if available)

sanchit Islamic Account Details

Swap-Free/Islamic Account Availability:

• Yes, sanchit 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:

• No overnight fees (swaps)
• Similar trading conditions to Standard or ECN accounts

How to Apply for Islamic Account:

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

Restrictions or Special Conditions:

• Must adhere to the same trading rules as other account types, but without swap fees.

FAQs – sanchit Account Types & Opening

1. What account types does sanchit offer？

• Sanchit 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: N/A.

1. How long does sanchit account verification take？

• Verification typically takes 1-3 business days.

1. Does sanchit offer demo accounts？

• Yes, sanchit provides demo accounts for practice trading.

1. Can I have multiple account types with sanchit？

• Yes, traders can open multiple account types.

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

• Yes, Islamic accounts are available.

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