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 |
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 |
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
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
To open an account with sceid, you must meet the following eligibility criteria:
Follow these steps to register for a sceid account:
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.
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.
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.
Explore broker markets account types: forex/trading accounts with demo access.