Shareway broker Accounts

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

Part 1: shareway Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: ₹5,000
• Spread/Commission Structure: Fixed spreads starting from 2.0 pips
• Leverage Options: Up to 1:100
• Key Features: Basic trading features, suitable for beginners
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Variable spreads starting from 0.1 pips + commission
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, suitable for scalpers
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: ₹25,000
• Spread/Commission Structure: Variable spreads starting from 0.0 pips + higher commission
• Leverage Options: Up to 1:500
• Key Features: Advanced trading tools, suitable for professional traders
• Target User Profile: Institutional and professional traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies, stocks

1. Islamic Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Similar to Standard or ECN accounts, swap-free
• Leverage Options: Up to 1:100
• Key Features: Compliant with Sharia law, no swaps
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically ₹1,000,000)
• Spread/Commission Structure: Same as Standard account
• Leverage Options: Up to 1:100
• Key Features: Risk-free trading environment, practice trading strategies
• Target User Profile: Beginners and experienced traders
• Trading Instruments Available: Forex, commodities, indices

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: shareway Account Features Comparison

Detailed shareway Account Features

• Minimum Deposit:

• Standard: ₹5,000

• ECN: ₹10,000

• Pro: ₹25,000

• Islamic: ₹10,000

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:100

• ECN: 1:200

• Pro: 1:500

• Islamic: 1:100

• Spreads (Typical/Minimum):

• Standard: From 2.0 pips

• ECN: From 0.1 pips

• Pro: From 0.0 pips

• Islamic: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: ₹9 + GST per trade

• Pro: Higher commission based on trade volume

• Islamic: Same as Standard

• Lot Size:

• Standard: Micro and Mini

• ECN: Micro, Mini, and Standard

• Pro: Standard

• Islamic: Micro and Mini

• Available Trading Platforms:

• Standard: MT4

• ECN: MT4, MT5

• Pro: MT4, MT5, proprietary platform

• Islamic: MT4

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: ECN

• Islamic: Market

• Islamic Account Availability:

• Yes, for Islamic account holders.

• Swap-Free Options:

• Available for Islamic accounts only.

• Demo Account Features:

• Virtual trading environment with full access to features.

Advantages of Each Account Type

• Standard Account:

• Easy to use for beginners

• No commission fees

• Access to basic trading tools

• ECN Account:

• Lower spreads

• Direct market access

• Suitable for high-frequency trading

• Pro Account:

• Best for professional traders

• Advanced trading tools

• High leverage options

• Islamic Account:

• Compliant with Sharia law

• No swap fees

• Suitable for Muslim traders

• Demo Account:

• Risk-free trading

• Practice strategies without financial risk

• Full access to trading features

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Requires higher minimum deposit

• Commission fees may apply

• Pro Account:

• High minimum deposit

• Complex for beginners

• Islamic Account:

• Limited to swap-free trading

• May have higher spreads

• Demo Account:

• No real profits

• Limited duration of use

Part 3: shareway Account Registration Requirements

shareway Account Registration Requirements

• Eligibility Criteria:

• Age Requirements: Minimum 18 years old

• Geographic Restrictions: Available in most countries, check specific restrictions

• Prohibited Countries: Specific countries may be restricted based on regulatory compliance

• Identity Verification Documents Needed:

• Government-issued ID (passport or driver's license)

• Proof of residence (utility bill or bank statement)

• Proof of Residence Requirements:

• Recent utility bill or bank statement with your name and address

• Additional Documentation for Professional Accounts:

• Financial statements or proof of trading experience may be required.

• KYC/AML Compliance Procedures:

• Complete identity verification to comply with KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations.

• Verification Time Frames:

• Typically processed within 1-3 business days.

Part 4: shareway Account Opening Process

Step-by-Step shareway Account Opening Guide

1. Visit Website and Click Registration:

• Go to the official Shareway website and click on the registration button.

1. Personal Information Entry:

• Fill in your personal details including name, email, and phone number.

1. Choose Account Type:

• Select the account type that suits your trading needs.

1. Set Trading Preferences:

• Specify your trading preferences and risk tolerance.

1. Document Upload:

• Upload the necessary identification and proof of residence documents.

1. Account Verification:

• Wait for the account to be verified by the Shareway team.

1. Fund Your Account:

• Deposit the minimum required amount to activate your trading account.

1. Start Trading:

• Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile, but mobile may have a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document upload fails.

• 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.

How to Upgrade/Downgrade Account Types

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

Part 5: shareway Demo Account Information

shareway Demo Account Guide

• Demo Account Features and Benefits:

• Access to all trading instruments

• Practice trading strategies without financial risk

• Full trading platform features available

• How to Open a Demo Account:

• Visit the Shareway website and select the demo account option during registration.

• Demo Account Limitations:

• Limited duration of use (typically 30 days)

• Virtual funds only

• Virtual Balance Amount:

• Typically set at ₹1,000,000 for practice.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds; live accounts require real money deposits.

• Duration/Expiry of Demo Accounts:

• Usually expires after 30 days of inactivity.

Part 6: shareway Islamic Account Details

shareway Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Yes, Shareway offers Islamic accounts that comply with Sharia law.

• Eligibility Requirements:

• Must be a Muslim trader.

• Differences from Standard Accounts:

• No swap fees applied on overnight positions.

• How to Apply for Islamic Account:

• Select the Islamic account option during the registration process.

• Restrictions or Special Conditions:

• Must adhere to Islamic trading principles.

FAQs – shareway Account Types & Opening

1. What account types does shareway offer？

• Shareway offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: ₹5,000, ECN: ₹10,000, Pro: ₹25,000, Islamic: ₹10,000, Demo: Virtual funds.

1. How long does shareway account verification take？

• Typically, 1-3 business days.

1. Does shareway offer demo accounts？

• Yes, Shareway provides demo accounts for practice trading.

1. Can I have multiple account types with shareway？

• Yes, you can have multiple account types.

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

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

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

• Government-issued ID and proof of residence.

1. Can I change my account type after registration？

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