Rating Index
Pros
Well-regulated by the Financial Conduct Authority (FCA) in the United Kingdom, providing a level of trust and security for clients.
Offers access to a diverse range of financial instruments, including forex, CFDs, commodities, and indices.
Strong customer support and execution speed, contributing to a positive trading experience.
Cons
Does not support popular trading platforms like MetaTrader 4 or MetaTrader 5, which may limit options for some traders.
No insurance for clients, which could pose a risk in the event of financial issues.
Lacks promotional bonuses or incentives, potentially making it less attractive for new traders seeking added value.
Shard broker Accounts
Shard Capital Account Type
Shard Capital offers various account types tailored to meet the diverse needs of its clients. The primary account type available is the Standard Account, which features:
- Leverage: Up to 500:1, allowing traders to amplify their market exposure.
- Minimum Deposit: $100, making it accessible for a wide range of investors.
- Commission: $7 per lot round turn, which may be considered high by some traders.
- Spreads: Starting from 0.1 pips, providing cost-efficient trading opportunities.
- Trading Platform: Shard Go online trading platform, supporting over 30,000 instruments across global markets including forex, CFDs, futures, options, and equities.
- Demo Account: Available for risk-free practice, enabling traders to familiarize themselves with the platform and trading strategies.
- Visit the Official Website: Navigate to Shard Capital's official website.
- Select Account Type: Choose the Standard Account or any other relevant account type that aligns with your trading preferences.
- Complete Online Application: Fill out the online application form with accurate personal information, including your full name, contact information, residential address, and financial details.
- Submit Identification Documents: Provide necessary identification documents for verification, such as a copy of your passport and proof of address (utility bill or bank statement).
- Fund Your Account: Once your account is approved, fund it using available payment methods such as credit/debit cards, bank transfers, or e-wallets. The minimum deposit requirement is $100.
- Review Terms and Conditions: Carefully read and understand the terms, conditions, and associated fees before finalizing the account opening process. If you have any questions, contact Shard Capital's customer support for assistance.
Shard Capital Broker Account Opening Process
Opening an account with Shard Capital involves a straightforward process that can be completed in a few steps:
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