Shelong broker Accounts

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

Part 1: shelong Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:500
• Key Features: Suitable for beginners, offers access to a wide range of trading instruments.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Low spreads starting from 0 pips with a commission of $3 per lot.
• Leverage Options: Up to 1:200
• Key Features: Direct market access, ideal for scalpers and high-frequency traders.
• Target User Profile: Advanced traders and professionals.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Competitive spreads with lower commission fees.
• Leverage Options: Up to 1:400
• Key Features: Enhanced trading conditions, suitable for institutional clients.
• Target User Profile: Institutional traders and high-volume traders.
• Trading Instruments Available: Forex, commodities, indices, and CFDs.

1. Islamic Account

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

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000)
• Spread/Commission Structure: Same as Standard account.
• Leverage Options: Same as Standard account.
• Key Features: Risk-free environment to practice trading strategies.
• Target User Profile: Beginners and traders testing new strategies.
• Trading Instruments Available: Same as Standard account.

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
• Practice Traders: Demo Account

Part 2: shelong Account Features Comparison

Detailed shelong Account Features

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:400

• Islamic: 1:500

• Spreads (Typical/Minimum):

• Standard: 1.5 pips

• ECN: 0 pips

• Pro: Competitive

• Islamic: 1.5 pips

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: Lower than ECN

• Islamic: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Standard

• Pro: Standard

• Islamic: Micro, Mini, Standard

• Available Trading Platforms:

• All accounts: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Islamic Account Availability:

• Available for Standard and Islamic accounts.

• Swap-Free Options:

• Available for Islamic accounts.

• Demo Account Features:

• Virtual trading environment with no risk.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to a variety of instruments

• ECN Account:

• Direct market access

• Tight spreads

• Ideal for scalping

• Pro Account:

• Tailored for high-volume trading

• Competitive pricing

• Advanced trading tools

• Islamic Account:

• Complies with Islamic finance principles

• No swap fees

• Demo Account:

• Risk-free trading

• Ideal for practice and strategy testing

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees may add up

• Pro Account:

• Requires significant capital

• Not suitable for casual traders

• Islamic Account:

• Limited to specific trading conditions

• Demo Account:

• No real money involved

• Limited duration for practice

Part 3: shelong Account Registration Requirements

shelong Account Registration Requirements

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.

• Geographic Restrictions: Available in most countries; check specific restrictions.

• Prohibited Countries: Specific countries may be restricted based on local regulations.

• Identity Verification Documents Needed:

• Government-issued ID (passport or national ID)

• Proof of address (utility bill or bank statement)

• Proof of Residence Requirements:

• Recent document showing your name and address.

• Additional Documentation for Professional Accounts:

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

• KYC/AML Compliance Procedures:

• All clients must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.

• Verification Time Frames:

• Typically takes 1-3 business days for account verification.

Part 4: shelong Account Opening Process

Step-by-Step shelong Account Opening Guide

1. Visit Website and Click Registration: Go to the official shelong website and find the registration button.
2. Personal Information Entry: Fill in your personal details including name, email, and phone number.
3. Choose Account Type: Select the type of account you wish to open (Standard, ECN, etc.).
4. Set Trading Preferences: Specify your trading preferences and risk tolerance.
5. Document Upload: Upload the required identification 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 your account.
8. Start Trading: Once your account is funded, you can start trading.

Desktop vs Mobile Registration Differences

• Desktop Registration: Typically offers a more comprehensive interface for document uploads.
• Mobile Registration: May have a simplified process but still requires all necessary information.

Common Registration Issues and Solutions

• Issue: Document not accepted.
• Solution: Ensure documents are clear and meet the specified requirements.
• Issue: Delays in verification.
• Solution: Contact customer support for updates.

Average Account Approval Time

• Generally, account approval takes between 1 to 3 business days.

How to Upgrade/Downgrade Account Types

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

Part 5: shelong Demo Account Information

shelong Demo Account Guide

• Demo Account Features and Benefits:

• Practice trading without financial risk.

• Access to the same trading platforms and instruments as live accounts.

• How to Open a Demo Account:

• Follow the registration process and select the demo account option.

• Demo Account Limitations:

• Limited duration (typically 30 days).

• Virtual funds only, no real trading.

• Virtual Balance Amount:

• Usually set at $10,000 for practice.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds; live accounts involve real money.

• Market conditions may differ in live trading.

• Duration/Expiry of Demo Accounts:

• Demo accounts typically expire after 30 days of inactivity.

Part 6: shelong Islamic Account Details

shelong Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Available for Standard and Islamic account types.

• Eligibility Requirements:

• Must be a practicing Muslim seeking compliance with Sharia law.

• Differences from Standard Accounts:

• No swap fees applied on overnight positions.

• How to Apply for Islamic Account:

• Indicate your preference during the account registration process.

• Restrictions or Special Conditions:

• Must comply with Islamic finance principles.

FAQs – shelong Account Types & Opening

1. What account types does shelong offer？

• Shelong 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 shelong account verification take？

• Verification typically takes 1-3 business days.

1. Does shelong offer demo accounts？

• Yes, shelong provides demo accounts for practice trading.

1. Can I have multiple account types with shelong？

• Yes, you can open multiple accounts with different types.

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

• Yes, Islamic accounts are available and comply with Sharia law.

1. What documents do I need to open a shelong 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.