SHARON broker Accounts

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

Part 1: sharon Account Types Explained

Sharon offers a variety of account types tailored to different trading needs and preferences. Below is an overview of the available account types:

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:
• Access to a wide range of trading instruments
• Suitable for beginners and experienced traders
• Target User Profile: Beginners and intermediate traders
• Trading Instruments Available: Forex, commodities, indices

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips + commission
• Leverage Options: Up to 1:200
• Key Features:
• Direct market access
• No dealing desk intervention
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Competitive spreads + lower commission rates
• Leverage Options: Up to 1:300
• Key Features:
• Enhanced trading conditions
• Priority customer support
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, stocks

4. Islamic Account

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

5. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000)
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features:
• Risk-free trading environment
• Full access to trading platforms
• Target User Profile: Beginners and those looking to practice
• Trading Instruments Available: Forex, commodities, indices

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: Detailed sharon Account Features

Feature Comparison Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to a variety of instruments

• ECN Account:

• Tight spreads

• Fast execution speeds

• Transparency in pricing

• Pro Account:

• Lower commission fees

• Priority support

• Enhanced trading conditions

• Islamic Account:

• Complies with Islamic finance principles

• No swap fees

• Suitable for Muslim traders

• Demo Account:

• Risk-free trading

• Practice strategies

• Familiarize with trading platforms

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees can add up

• Pro Account:

• Requires a higher initial investment

• Not suitable for beginners

• Islamic Account:

• Limited availability of certain features

• May not be suitable for all traders

• Demo Account:

• No real money involved

• Limited to virtual funds

Part 3: sharon Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old
• Geographic Restrictions: Available to residents of eligible countries (specific countries may be prohibited)
• Prohibited Countries: Specific restrictions may apply based on regulatory compliance
• Identity Verification Documents Needed:
• Government-issued ID (passport, drivers license)
• Proof of address (utility bill, bank statement)
• Proof of Residence Requirements: Recent documents showing name and address
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience

KYC/AML Compliance Procedures

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks to verify identity and prevent fraud.

Verification Time Frames

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

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

Detailed Step-by-Step Registration Process

1. Visit Website and Click Registration: Navigate to the official Sharon website and locate the account registration section.
2. Personal Information Entry: Fill in personal details such as name, address, and date of birth.
3. Choose Account Type: Select the desired account type based on trading needs.
4. Set Trading Preferences: Specify trading preferences, including leverage and trading instruments.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate the account.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile, but the mobile interface may have simplified steps for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload failures
• Solution: Ensure documents are clear and in the correct format.
• Issue: Delays in verification
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes between 1 to 3 business days, depending on the completeness of the application.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of the account type, providing any necessary documentation as required.

Part 5: sharon Demo Account Guide

Demo Account Features and Benefits

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

How to Open a Demo Account

• Visit the Sharon website and select the demo account option, then follow the registration steps similar to opening a live account.

Demo Account Limitations

• Limited to virtual funds, which may not reflect real market conditions
• Time-limited access depending on the broker's policy

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $10,000, but this can vary by broker.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Live accounts may incur trading fees and commissions, whereas demo accounts do not.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for a limited time, often 30 to 90 days, depending on the broker's policy.

Part 6: sharon Islamic Account Details

Swap-free/Islamic Account Availability

• Sharon offers Islamic accounts that comply with Sharia law, allowing for trading without interest (swap) fees.

Eligibility Requirements

• Must be a Muslim trader seeking a compliant trading option.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for long-term trading.

How to Apply for Islamic Account

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

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions or limitations on certain instruments.

FAQs – sharon Account Types & Opening

1. What account types does sharon offer？

• Sharon 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 sharon account verification take？

• Verification typically takes 1-3 business days.

1. Does sharon offer demo accounts？

• Yes, sharon provides demo accounts for practice trading.

1. Can I have multiple account types with sharon？

• Yes, you can open multiple account types as per your trading needs.

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

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

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

• A government-issued 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.