SCSPL broker Accounts

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

Part 1: scspl Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:500
• Key Features: Basic trading features, suitable for beginners
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips, commission of $5 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, suitable for scalping
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

1. Pro Account

• Minimum Deposit: $1,000
• Spread/Commission Structure: Fixed spreads starting from 1.0 pip, commission of $3 per lot
• Leverage Options: Up to 1:400
• Key Features: Enhanced trading conditions, priority execution
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices

1. Islamic Account

• Minimum Deposit: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: Swap-free trading in compliance with Islamic law
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit: Virtual funds (typically $10,000)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:500
• Key Features: Practice trading without risk, access to all trading instruments
• Target User Profile: Beginners and experienced traders testing strategies
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: Detailed scspl Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:400

• Islamic: Up to 1:500

• Demo: Up to 1:500

• Spreads (Typical/Minimum):

• Standard: 1.5 pips

• ECN: 0.0 pips

• Pro: 1.0 pip

• Islamic: Same as Standard

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $5 per lot

• Pro: $3 per lot

• Islamic: None

• Demo: None

• 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: Instant

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Demo Account Features:

• Virtual balance, access to all trading instruments, practice trading strategies without risk.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• No commission fees

• Suitable for beginners

• ECN Account:

• Tight spreads

• Direct market access

• Ideal for scalping

• Pro Account:

• Enhanced trading conditions

• Lower commission fees

• Priority execution

• Islamic Account:

• Compliance with Islamic law

• No swap fees

• Suitable for Muslim traders

• Demo Account:

• Risk-free trading

• Access to all features

• Ideal for practice and strategy testing

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited features for advanced trading

• ECN Account:

• Higher minimum deposit

• Commission fees apply

• Pro Account:

• Higher minimum deposit

• Commission fees apply

• Islamic Account:

• Limited to Muslim traders

• May have fewer features than other accounts

• Demo Account:

• Virtual funds only

• Limited duration for practice

Part 3: scspl Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries, but may have restrictions based on local regulations.
• Prohibited Countries: Specific countries may be restricted (details not provided).

Identity Verification Documents Needed

• Proof of Identity: Valid government-issued ID (passport, national ID).
• Proof of Residence: Utility bill or bank statement not older than three months.

Additional Documentation for Professional Accounts

• Proof of income or financial status may be required for professional accounts.

KYC/AML Compliance Procedures

• Clients must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks as part of the registration process.

Verification Time Frames

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

Part 4: Step-by-Step scspl Account Opening Guide

Registration Process

1. Visit Website: Go to the official scspl website.
2. Click Registration: Find and click on the registration button.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select the desired account type from the options provided.
5. Set Trading Preferences: Specify trading preferences, including leverage and trading instruments.
6. Document Upload: Upload required identity verification documents.
7. Account Verification: Wait for the account to be verified by the scspl team.
8. Fund Your Account: Deposit the minimum required amount to start trading.
9. Start Trading: Access your account and begin trading.

Desktop vs Mobile Registration Differences

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

Common Registration Issues and Solutions

• Issue: Document upload errors.
• Solution: Ensure documents are clear and meet size requirements.
• Issue: Delayed verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of your account type.

Part 5: scspl Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment for practice trading.
• Access to all trading instruments available in live accounts.
• Ideal for testing strategies without financial risk.

How to Open a Demo Account

• Follow the same registration steps as for a live account, selecting the demo account option.

Demo Account Limitations

• Limited to virtual funds, typically around $10,000.
• May have a time limit for usage (usually 30 days).

Virtual Balance Amount

• Standard virtual balance is $10,000 for practice.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.
• Demo accounts do not incur any trading fees or commissions.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days of inactivity.

Part 6: scspl Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available for traders who require swap-free trading options.

Eligibility Requirements

• Must be a Muslim trader adhering to Islamic finance principles.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, aligning with Sharia law.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process or contact customer support.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions that differ from standard accounts.

FAQs – scspl Account Types & Opening

1. What account types does scspl offer？

• scspl 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 scspl account verification take？

• Account verification typically takes 1-3 business days.

1. Does scspl offer demo accounts？

• Yes, scspl offers demo accounts for practice trading.

1. Can I have multiple account types with scspl？

• Yes, clients can have multiple account types.

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

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

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

• A valid ID and proof of residence are required.

1. Can I change my account type after registration？

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