Sand Grove Capital broker Accounts

sand grove capital Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: sand grove capital Account Types Overview

sand grove capital Account Types Explained

Sand Grove Capital offers several account types tailored to different trading needs and preferences. Below is a detailed overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:200
• Key Features: Ideal for beginners; access to basic trading tools and educational resources.
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Raw spreads from 0.0 pips + $5 commission per lot
• Leverage Options: Up to 1:100
• Key Features: Direct market access, lower spreads; suitable for scalpers and high-frequency traders.
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $5,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips + $3 commission per lot
• Leverage Options: Up to 1:150
• Key Features: Enhanced trading conditions, priority customer support.
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, stocks

1. Islamic Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Similar to Standard and ECN accounts but swap-free
• Leverage Options: Up to 1:200
• Key Features: Complies with Sharia law; no swap fees.
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Simulated trading conditions
• Leverage Options: Up to 1:200
• Key Features: Practice trading without financial risk; access to all trading instruments.
• Target User Profile: Beginners and experienced traders wanting to test strategies
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Advanced Traders: ECN Account
• Professional Traders: Pro Account
• Muslim Traders: Islamic Account
• Practice Traders: Demo Account

Part 2: sand grove capital Account Features Comparison

Detailed sand grove capital Account Features

Comparing features across different account types helps traders choose the right option based on their needs:

• Minimum Deposit:

• Standard: $500

• ECN: $1,000

• Pro: $5,000

• Islamic: $1,000

• Demo: N/A

• Maximum Leverage:

• Standard: 1:200

• ECN: 1:100

• Pro: 1:150

• Islamic: 1:200

• Demo: 1:200

• Spreads (Typical/Minimum):

• Standard: 1.0 pips

• ECN: 0.0 pips

• Pro: 0.5 pips

• Islamic: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: $5 per lot

• Pro: $3 per lot

• Islamic: None

• Lot Size:

• Standard: 1 lot

• ECN: 1 lot

• Pro: 1 lot

• Islamic: 1 lot

• Demo: 1 lot

• Available Trading Platforms:

• Standard: MT4

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: No

• ECN: No

• Pro: No

• Islamic: Yes

• Demo: N/A

• Swap-Free Options:

• Standard: No

• ECN: No

• Pro: No

• Islamic: Yes

• Demo: N/A

• Demo Account Features:

• Virtual funds for practice

• Access to all trading instruments

• Simulated trading conditions

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to educational resources

• Flexible leverage options

• ECN Account:

• Direct market access

• Lower spreads

• Suitable for high-frequency trading

• Advanced trading tools available

• Pro Account:

• Enhanced trading conditions

• Priority support

• Suitable for professional traders

• Access to exclusive market insights

• Islamic Account:

• Complies with Sharia law

• No swap fees

• Similar trading conditions to Standard accounts

• Demo Account:

• Risk-free trading environment

• Ideal for strategy testing

• Access to all trading instruments

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced trading features

• ECN Account:

• Higher minimum deposit

• Commission fees apply

• Pro Account:

• High minimum deposit requirement

• Not suitable for beginners

• Islamic Account:

• Limited availability for non-Muslim traders

• Higher minimum deposit compared to Standard

• Demo Account:

• Virtual funds may not reflect real market conditions

• Limited duration for practice

Part 3: sand grove capital Account Opening Requirements

sand grove capital Account Registration Requirements

To open an account with Sand Grove Capital, the following eligibility criteria and documentation are required:

• Eligibility Criteria:

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

• Geographic Restrictions: Available to traders in most countries, but specific restrictions may apply.

• Prohibited Countries: Not specified in the available data.

• Identity Verification Documents Needed:

• Government-issued ID (passport or national ID)

• Proof of residence (utility bill or bank statement)

• Additional Documentation for Professional Accounts:

• Financial statements or proof of income may be required for Pro accounts.

• KYC/AML Compliance Procedures:

• All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.

• Verification Time Frames:

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

Part 4: sand grove capital Account Opening Process

Step-by-Step sand grove capital Account Opening Guide

1. Visit Website and Click Registration:

• Navigate to the Sand Grove Capital website and click on the registration button.

1. Personal Information Entry:

• Fill in personal details such as name, email, and phone number.

1. Choose Account Type:

• Select the desired account type based on your trading needs.

1. Set Trading Preferences:

• Specify preferences such as leverage and trading instruments.

1. Document Upload:

• Upload required identity verification documents.

1. Account Verification:

• Wait for the verification process to be completed.

1. Fund Your Account:

• Deposit the minimum required amount to activate your account.

1. Start Trading:

• Once your account is funded and verified, you can start trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with slight variations in interface layout.

Common Registration Issues and Solutions

• Issue: Document upload failure.

• Solution: Ensure documents are clear and meet the required format.

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• The average account approval time is between 1-3 business days.

How to Upgrade/Downgrade Account Types

• Account types can typically be changed by contacting customer support and providing necessary documentation for the new account type.

Part 5: sand grove capital Demo Account Information

sand grove capital 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:

• Follow the registration process and select the demo account option.

• Demo Account Limitations:

• Limited duration; typically expires after 30 days.

• Virtual Balance Amount:

• Usually provided with a virtual balance of $10,000 or similar.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds and may not reflect real market conditions.

• Duration/Expiry of Demo Accounts:

• Demo accounts generally expire after 30 days unless extended by the broker.

Part 6: sand grove capital Islamic Account (if available)

sand grove capital Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Yes, Sand Grove Capital offers Islamic accounts.

• Eligibility Requirements:

• Must be a Muslim trader adhering to Sharia law.

• Differences from Standard Accounts:

• Islamic accounts do not incur swap fees.

• How to Apply for Islamic Account:

• Select the Islamic account option during the registration process and provide necessary documentation.

• Restrictions or Special Conditions:

• Must comply with Islamic finance principles; no interest-based transactions.

FAQs – sand grove capital Account Types & Opening

1. What account types does sand grove capital offer？

• Sand Grove Capital offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: $500, ECN: $1,000, Pro: $5,000, Islamic: $1,000, Demo: N/A.

1. How long does sand grove capital account verification take？

• Verification typically takes 1-3 business days.

1. Does sand grove capital offer demo accounts？

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

1. Can I have multiple account types with sand grove capital？

• Yes, traders can hold multiple account types.

1. Does sand grove capital offer Islamic/swap-free accounts？

• Yes, Sand Grove Capital offers Islamic accounts.

1. What documents do I need to open a sand grove capital account？

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

1. Can I change my account type after registration？

• Yes, account types can be changed by contacting customer support.