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Rating Index
1.56
Regulation
0.00
License
0.00
Software Index
4.00
Risk Control
0.00
Business
7.36

Pros

Established in 2019, providing a relatively recent entry into the market.
Uses the popular MetaTrader 4 platform, known for its customizability and extensive features.
Offers a range of trading tools, including charts, indicators, and automated trading options.

Cons

Received a low rating of 1.47 out of 10 from WikiFX, indicating significant concerns about its reliability.
Has faced numerous complaints (40 in the last three months) from users, suggesting potential issues with service and trust.
Limited customer support options, with only email available and reports of long waiting times for responses.

SCEID broker Accounts

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

Part 1: sceid Account Types Overview

sceid Account Types Explained

sceid offers several account types tailored to different trading needs and experience levels. Below is a detailed overview of each account type:

Account Type Minimum Deposit Spread/Commission Structure Leverage Options Key Features Target User Profile Trading Instruments Available
Standard $100 Variable spreads from 1.5 pips Up to 1:500 Basic trading features, suitable for beginners Beginner Forex, commodities, indices
ECN $500 Low spreads starting from 0.1 pips + commission Up to 1:200 Direct market access, faster execution Advanced Forex, commodities, cryptocurrencies
Pro $1,000 Variable spreads from 0.5 pips + lower commission Up to 1:100 Advanced trading tools, priority support Professional Forex, commodities, indices, stocks
Islamic $100 Similar to Standard, swap-free Up to 1:500 Compliant with Sharia law, no interest fees Muslim traders Forex, commodities, indices
Demo N/A N/A N/A Virtual trading environment with real market conditions All levels Forex, commodities, indices

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

Part 2: sceid Account Features Comparison

Detailed sceid Account Features

When considering which sceid account type to choose, it's essential to compare the features across different accounts:

Feature Standard ECN Pro Islamic Demo
Minimum Deposit $100 $500 $1,000 $100 N/A
Maximum Leverage 1:500 1:200 1:100 1:500 N/A
Spreads (Typical) 1.5 pips 0.1 pips 0.5 pips Similar to Standard N/A
Commission Fees None Yes Yes None N/A
Lot Size Standard Micro Standard Standard N/A
Available Trading Platforms MT4, MT5 MT4, MT5 MT4, MT5 MT4, MT5 MT4, MT5
Execution Type Market ECN Market Market N/A
Islamic Account Availability No No No Yes No
Swap-Free Options No No No Yes No
Demo Account Features N/A N/A N/A N/A Virtual balance, real market conditions

Advantages of Each Account Type

  • Standard Account:

  • Low minimum deposit

  • User-friendly for beginners

  • Access to a variety of trading instruments

  • ECN Account:

  • Tight spreads and low commissions

  • Direct market access for better pricing

  • Suitable for high-frequency traders

  • Pro Account:

  • Advanced trading tools

  • Lower commission fees for high-volume traders

  • Priority customer support

  • Islamic Account:

  • Compliant with Sharia law

  • No swap fees

  • Suitable for Muslim traders

  • Demo Account:

  • Risk-free trading environment

  • Practice with virtual funds

  • 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 can add up

  • Pro Account:

  • High minimum deposit requirement

  • Not suitable for beginners

  • Islamic Account:

  • Limited availability of advanced features

  • May have higher spreads compared to Standard

  • Demo Account:

  • Limited to virtual trading

  • No real profits can be made

Part 3: sceid Account Opening Requirements

sceid Account Registration Requirements

To open an account with sceid, you must meet the following eligibility criteria:

  • Age Requirements: Must be at least 18 years old.
  • Geographic Restrictions: Available in most countries; specific restrictions may apply.
  • Prohibited Countries: Check the sceid website for the latest list of restricted countries.
  • Identity Verification Documents Needed:
  • Government-issued ID (passport or drivers license)
  • Proof of residence (utility bill or bank statement)
  • Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.
  • KYC/AML Compliance Procedures: All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
  • Verification Time Frames: Typically, account verification takes 1-3 business days.

Part 4: sceid Account Opening Process

Step-by-Step sceid Account Opening Guide

Follow these steps to register for a sceid account:

  1. Visit the Website: Go to the official sceid website and click on the registration button.
  2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
  3. Choose Account Type: Select the account type that suits your trading needs.
  4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
  5. Document Upload: Upload the required identification and proof of residence documents.
  6. Account Verification: Wait for your documents to be reviewed and verified.
  7. Fund Your Account: Once verified, deposit funds into your account to start trading.
  8. Start Trading: Access the trading platform and begin your trading journey.

Desktop vs Mobile Registration Differences

  • The registration process is similar on both desktop and mobile platforms, but the mobile interface may have fewer features.

Common Registration Issues and Solutions

  • Issue: Document upload fails.

  • Solution: Ensure documents are clear and in the correct format (PDF, JPEG).

  • Issue: Verification takes longer than expected.

  • Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

  • Log into your account and navigate to the account settings to request an upgrade or downgrade.

Part 5: sceid Demo Account Information

sceid Demo Account Guide

  • Demo Account Features and Benefits:

  • Access to all trading instruments.

  • Practice trading strategies without risk.

  • How to Open a Demo Account:

  • Visit the sceid website and select the demo account option.

  • Demo Account Limitations:

  • Virtual funds only; no real money can be earned.

  • Virtual Balance Amount:

  • Typically, demo accounts come with a virtual balance of $10,000.

  • Demo vs Live Account Differences:

  • Demo accounts simulate real market conditions but do not involve actual trading.

  • Duration/Expiry of Demo Accounts:

  • Demo accounts usually last for 30 days but can be extended upon request.

Part 6: sceid Islamic Account (if available)

sceid Islamic Account Details

  • Swap-Free/Islamic Account Availability: Yes, sceid offers Islamic accounts compliant with Sharia law.

  • Eligibility Requirements: Must declare the need for an Islamic account during registration.

  • Differences from Standard Accounts: Islamic accounts do not incur swap fees and have similar trading conditions to standard accounts.

  • How to Apply for Islamic Account: Select the Islamic account option during the registration process.

  • Restrictions or Special Conditions: Ensure compliance with Islamic finance principles.

FAQs – sceid Account Types & Opening

  1. What account types does sceid offer?
  • sceid 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.
  1. How long does sceid account verification take?
  • Account verification typically takes 1-3 business days.
  1. Does sceid offer demo accounts?
  • Yes, sceid provides demo accounts for practice trading.
  1. Can I have multiple account types with sceid?
  • Yes, you can hold multiple account types.
  1. Does sceid offer Islamic/swap-free accounts?
  • Yes, sceid offers Islamic accounts that comply with Sharia law.
  1. What documents do I need to open a sceid account?
  • A government-issued ID and proof of residence are required.
  1. Can I change my account type after registration?
  • Yes, you can upgrade or downgrade your account type through your account settings.
SCEID accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
SCEID Account