SCL broker Accounts

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

Part 1: scl Account Types Overview

scl Account Types Explained

SCL offers a variety of account types tailored to different trading needs and preferences. Below are the details of each account type:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:500
• Key Features: Basic account for all traders, access to major trading instruments.
• Target User Profile: Suitable for beginner to intermediate traders.
• Trading Instruments Available: Forex, commodities, indices.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Low spreads from 0.1 pips with a commission of $5 per lot.
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution speeds.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads starting from 0.5 pips with lower commissions.
• Leverage Options: Up to 1:300
• Key Features: Enhanced trading conditions, suitable for professional traders.
• Target User Profile: Experienced traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and more.

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account but swap-free.
• Leverage Options: Up to 1:500
• Key Features: Complies with Islamic finance principles.
• Target User Profile: Muslim traders seeking compliant trading options.
• 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 1:500
• Key Features: Practice trading without risk, access to all trading instruments.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: scl Account Features Comparison

Detailed scl Account Features

When comparing the features of different scl account types, consider the following:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.1 pips

• Pro: From 0.5 pips

• Islamic: Similar to Standard

• Demo: Simulated

• Commission Fees:

• Standard: None

• ECN: $5 per lot

• Pro: Lower commissions

• Islamic: None

• Demo: N/A

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Micro, Mini, Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: N/A

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: N/A

• Demo Account Features:

• Virtual balance, access to all trading instruments, simulated trading conditions.

Advantages of Each Account Type

• Standard Account:

• Easy to open, suitable for beginners, no commission fees.

• ECN Account:

• Direct market access, low spreads, ideal for scalping.

• Pro Account:

• Enhanced trading conditions, suitable for professional traders.

• Islamic Account:

• Compliant with Islamic finance principles, no swap fees.

• Demo Account:

• Risk-free trading environment, practice strategies, unlimited duration.

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 casual traders.

• Islamic Account:

• Limited to Muslim traders, may have restrictions on certain instruments.

• Demo Account:

• No real profits, limited to simulated conditions.

Part 3: scl Account Opening Requirements

scl Account Registration Requirements

To open an account with scl, the following eligibility criteria must be met:

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

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

• Prohibited Countries: Countries under international sanctions may be restricted.

• Identity Verification Documents Needed:

• Government-issued ID (passport or national ID).

• Proof of address (utility bill or bank statement).

• Proof of Residence Requirements: Recent documents showing your name and address.

• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

• All accounts must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Verification time frames can vary, typically taking 1-3 business days.

Part 4: scl Account Opening Process

Step-by-Step scl Account Opening Guide

1. Visit Website and Click Registration: Go to the scl official website and find the registration button.
2. Personal Information Entry: Fill in your personal details such as name, email, and phone number.
3. Choose Account Type: Select the type of account you wish to open.
4. Set Trading Preferences: Specify your trading preferences and risk tolerance.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Once verified, deposit the minimum required amount to start trading.
8. Start Trading: Access your trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but mobile may offer a more streamlined experience.

Common Registration Issues and Solutions

• Issue: Document upload failure.

• Solution: Ensure documents are clear and in the correct format.

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Account types can be changed by submitting a request through the customer support portal.

Part 5: scl Demo Account Information

scl Demo Account Guide

• Demo Account Features and Benefits:

• Practice trading with virtual funds, access to all trading instruments, no risk involved.

• How to Open a Demo Account:

• Visit the scl website and select the demo account option, fill out the required information.

• Demo Account Limitations:

• Limited to simulated trading conditions, no real profits can be made.

• Virtual Balance Amount:

• Typically provided with a virtual balance of $10,000.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds, while live accounts involve real money and market conditions.

• Duration/Expiry of Demo Accounts:

• Demo accounts usually remain active for a specified period or until the virtual balance is exhausted.

Part 6: scl Islamic Account Details

scl Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, available for all account types.
• Eligibility Requirements: Must be a Muslim trader adhering to Islamic finance principles.
• Differences from Standard Accounts: No swap fees, compliant with Sharia law.
• How to Apply for Islamic Account: Select the Islamic account option during registration.
• Restrictions or Special Conditions: May have limitations on specific trading instruments.

FAQs – scl Account Types & Opening

1. What account types does scl offer？

• scl 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: N/A.

1. How long does scl account verification take？

• Verification typically takes 1-3 business days.

1. Does scl offer demo accounts？

• Yes, scl offers demo accounts for practice trading.

1. Can I have multiple account types with scl？

• Yes, you can hold multiple account types.

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

• Yes, Islamic accounts are available for all account types.

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

• Government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can request to change your account type through customer support.