Sankyo broker Accounts

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

sankyo Account Types Explained

When considering trading with Sankyo, it's essential to understand the different account types available. Each account type caters to different trading needs and preferences. Below is an overview of the various sankyo account types.

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Suitable for beginners, offers access to a wide range of trading instruments.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, ideal for high-frequency trading.
• Target User Profile: Advanced traders.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Competitive spreads starting from 0.5 pips; commission of $2 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Enhanced trading conditions, suitable for professional traders.
• Target User Profile: Professional and institutional traders.
• Trading Instruments Available: Forex, commodities, indices, and options.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law; no interest on overnight positions.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000).
• Spread/Commission Structure: Similar to Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free environment to practice trading strategies.
• Target User Profile: All trader levels.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed sankyo Account Features

Comparison of Features Across Different Account Types

Advantages of Each Account Type

• Standard Account: Easy to open, no commission, suitable for beginners.
• ECN Account: Low spreads, direct market access, ideal for scalpers.
• Pro Account: Competitive spreads, lower commissions, professional trading conditions.
• Islamic Account: Complies with Sharia law, no swap fees.
• Demo Account: Risk-free trading, practice strategies, no financial commitment.

Disadvantages of Each Account Type

• Standard Account: Higher spreads compared to ECN.
• ECN Account: Requires higher minimum deposit, commission fees apply.
• Pro Account: Higher minimum deposit, may not be suitable for beginners.
• Islamic Account: Limited to Muslim traders, fewer trading options.
• Demo Account: Virtual funds only, limited duration.

sankyo Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries; check specific restrictions.
• Prohibited Countries: Specific countries may be restricted; consult Sankyo's terms.
• Identity Verification Documents Needed:
• Valid government-issued ID (passport or national ID).
• Proof of residence (utility bill or bank statement).
• Additional documentation may be required for professional accounts.

KYC/AML Compliance Procedures

Sankyo adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This includes verifying the identity of all clients and monitoring transactions for suspicious activity.

Verification Time Frames

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

Step-by-Step sankyo Account Opening Guide

Detailed Step-by-Step Registration Process

1. Visit the Website: Go to the Sankyo trading platform.
2. Click Registration: Locate and click on the registration button.
3. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
4. Choose Account Type: Select the type of account you wish to open.
5. Set Trading Preferences: Specify your trading preferences and risk tolerance.
6. Document Upload: Upload the required identification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit the minimum required amount to activate your account.
9. 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, though mobile may offer a more streamlined experience with fewer steps.

Common Registration Issues and Solutions

• Document Rejection: Ensure all documents are clear and legible.
• Verification Delays: Contact customer support if verification takes longer than expected.

Average Account Approval Time

Typically, account approval takes 1-3 business days, depending on the completeness of the application.

How to Upgrade/Downgrade Account Types

Account type changes can usually be requested through customer support or the account management section of the platform.

sankyo Demo Account Guide

Demo Account Features and Benefits

• Risk-Free Trading: Allows users to practice trading without financial risk.
• Access to Full Features: Users can experience all trading features as in live accounts.
• Educational Tool: Ideal for learning and testing strategies.

How to Open a Demo Account

1. Visit the Sankyo website.
2. Click on the demo account option.
3. Fill in the required information and submit.

Demo Account Limitations

• Virtual Balance Amount: Typically $10,000 in virtual funds.
• Duration/Expiry of Demo Accounts: Demo accounts may expire after a set period, often 30 days.

Virtual Balance Amount

The demo account usually starts with a virtual balance of $10,000.

Demo vs Live Account Differences

• Live Accounts: Require real money deposits, while demo accounts use virtual funds.
• Trading Conditions: Live accounts incur real market conditions including spreads and commissions.

sankyo Islamic Account Details

Swap-Free/Islamic Account Availability

Sankyo offers Islamic accounts that comply with Sharia law, allowing traders to engage in trading without incurring swap fees.

Eligibility Requirements

To qualify for an Islamic account, traders must declare their adherence to Islamic finance principles.

Differences from Standard Accounts

Islamic accounts do not incur swap fees, making them suitable for Muslim traders.

How to Apply for Islamic Account

Application for an Islamic account can be made during the account registration process by selecting the Islamic account option.

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions and restrictions; consult Sankyo's terms for details.

FAQs – sankyo Account Types & Opening

1. What account types does sankyo offer？

• Sankyo 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 sankyo account verification take？

• Verification typically takes 1-3 business days.

1. Does sankyo offer demo accounts？

• Yes, Sankyo provides a demo account for practice trading.

1. Can I have multiple account types with sankyo？

• Yes, traders can open multiple accounts as per their needs.

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

• Yes, Sankyo offers Islamic accounts that are swap-free.

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

• A valid ID, proof of residence, and possibly additional documentation for professional accounts.

1. Can I change my account type after registration？

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