SELINUS broker Accounts

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

selinus Account Types Explained

Selinus offers a variety of account types tailored to meet the needs of different traders, from beginners to advanced professionals. Below is an overview of the available account types along with their key features.

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Ideal for beginners; access to a wide range of trading instruments.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

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 trading costs; suitable for scalpers.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices.

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; priority customer support.
• Target User Profile: Professional traders and institutional clients.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to the Standard Account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Swap-free account compliant with Islamic law.
• Target User Profile: Muslim traders seeking Sharia-compliant trading options.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Same as the Standard Account.
• Leverage Options: Same as the Standard Account.
• Key Features: Practice trading with virtual funds; access to all trading instruments.
• Target User Profile: Beginners and those wanting to test strategies.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed selinus Account Features

Comparison of Features Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:300

• Islamic: Up to 1:500

• Demo: Same as Standard

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: From 0.5 pips

• Islamic: Similar to Standard

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 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:

• All accounts support MT4 and MT5.

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability: Yes for Islamic Account.

• Swap-Free Options: Available for Islamic Account.

• Demo Account Features: Full access to trading instruments with virtual funds.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• User-friendly for beginners.

• ECN Account:

• Tight spreads.

• Direct market access.

• Suitable for high-frequency trading.

• Pro Account:

• Competitive trading conditions.

• Priority support.

• Suitable for professional trading.

• Islamic Account:

• Compliant with Islamic law.

• No swap fees.

• Accessible to Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Practice trading strategies.

• Full access to trading instruments.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• ECN Account:

• Higher minimum deposit.

• Commission fees apply.

• Pro Account:

• Requires a higher initial investment.

• Commission fees apply.

• Islamic Account:

• Limited to specific trading conditions.

• Demo Account:

• Virtual funds only; no real profits.

selinus Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to traders globally, but may have restrictions in certain countries.
• Prohibited Countries: Specific countries may be restricted based on local regulations (details not provided).
• Identity Verification Documents Needed: Valid government-issued ID (passport or national ID).
• Proof of Residence Requirements: Recent utility bill or bank statement showing the applicant's name and address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

• All applicants must comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, which include providing identification and proof of residence.

Verification Time Frames

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

Step-by-Step selinus Account Opening Guide

Registration Process

1. Visit Website and Click Registration: Go to the selinus website and find the registration option.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type from the options available.
4. Set Trading Preferences: Specify trading preferences, including leverage and trading instruments.
5. Document Upload: Upload required identity verification and proof of residence documents.
6. Account Verification: Wait for the verification process to be completed.
7. Fund Your Account: Deposit the minimum required amount to activate the account.
8. Start Trading: Once verified and funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, though the mobile interface may have a simplified layout.

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 between 1-3 business days.

How to Upgrade/Downgrade Account Types

• Account types can be changed by contacting customer support and following their instructions for upgrading or downgrading.

selinus Demo Account Guide

Demo Account Features and Benefits

• The demo account allows traders to practice without financial risk, using virtual funds to simulate real trading conditions.

How to Open a Demo Account

• A demo account can be opened during the registration process by selecting the demo option or by contacting customer support.

Demo Account Limitations

• The demo account is limited to virtual funds and does not allow for real trading profits.

Virtual Balance Amount

• The demo account typically comes with a virtual balance of $10,000, though this may vary.

Demo vs Live Account Differences

• The demo account uses virtual funds, while the live account involves real money and actual trading conditions.

Duration/Expiry of Demo Accounts

• Demo accounts may have a set expiration period, usually 30 to 90 days, after which they may need to be renewed.

selinus Islamic Account Details

Swap-Free/Islamic Account Availability

• Selinus offers an Islamic account that is compliant with Sharia law, specifically designed for Muslim traders.

Eligibility Requirements

• Traders must declare their intention to open an Islamic account and provide necessary documentation.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for long-term trading without interest charges.

How to Apply for Islamic Account

• Traders can apply for an Islamic account during the registration process by selecting the Islamic account option.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions, including limitations on certain trading strategies.

FAQs – selinus Account Types & Opening

1. What account types does selinus offer？

• Selinus 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 selinus account verification take？

• Verification typically takes 1-3 business days.

1. Does selinus offer demo accounts？

• Yes, selinus offers demo accounts for practice trading.

1. Can I have multiple account types with selinus？

• Yes, traders can hold multiple account types.

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

• Yes, selinus offers Islamic accounts that are compliant with Sharia law.

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

• A valid government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, account types can be changed by contacting customer support.