SHENG BAO broker Accounts

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

Part 1: sheng bao Account Types Overview

sheng bao Account Types Explained

Sheng Bao offers several account types tailored to different trading needs and preferences. Below is an overview of each account type:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Suitable for beginners; 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: Raw spreads from 0.0 pips; commission of $5 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access; lower spreads; suitable for high-frequency trading.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; commission of $3 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Enhanced trading conditions; suitable for professional traders.
• Target User Profile: Professional and institutional traders.
• Trading Instruments Available: Forex, commodities, indices, and more.

1. 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: Compliant with Sharia law; no interest on overnight positions.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities.

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Similar to the Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading with virtual funds; access to all trading instruments.
• Target User Profile: Beginners wanting to practice trading strategies.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account, Demo Account
• Intermediate: ECN Account
• Advanced: Pro Account, Islamic Account

Part 2: sheng bao Account Features Comparison

Detailed sheng bao Account Features

When comparing features across different account types, consider the following:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: 1.5 pips

• ECN: 0.0 pips

• Pro: 1.0 pips

• Islamic: 1.5 pips

• Demo: 1.5 pips

• Commission Fees:

• Standard: None

• ECN: $5 per lot

• Pro: $3 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: 1 lot

• ECN: 0.01 lot (micro)

• Pro: 1 lot

• Islamic: 1 lot

• Demo: 0.01 lot (micro)

• Available Trading Platforms:

• All accounts support MT4 and MT5.

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Available for Standard and Islamic accounts.

• Swap-Free Options:

• Offered for Islamic accounts.

• Demo Account Features:

• Virtual funds with access to all trading instruments.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• Suitable for beginners.

• ECN Account:

• Tight spreads.

• Direct market access.

• Ideal for scalping.

• Pro Account:

• Enhanced trading conditions.

• Lower commission fees.

• Suitable for professional traders.

• Islamic Account:

• Compliant with Sharia law.

• No swap fees.

• Demo Account:

• Risk-free trading environment.

• Practice strategies with virtual funds.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• ECN Account:

• Requires a higher minimum deposit.

• Commission fees apply.

• Pro Account:

• Higher minimum deposit required.

• More complex for beginners.

• Islamic Account:

• Limited to Muslim traders.

• Demo Account:

• Limited to virtual trading; no real profits.

Part 3: sheng bao Account Opening Requirements

sheng bao Account Registration Requirements

Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available globally, but may be restricted in certain countries.
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.
• 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: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• Customers must undergo Know Your Customer (KYC) checks to verify identity and address.
• Anti-Money Laundering (AML) compliance is mandatory.

Verification Time Frames

• Account verification typically takes 1-3 business days.

Part 4: sheng bao Account Opening Process

Step-by-Step sheng bao Account Opening Guide

1. Visit Website and Click Registration: Go to the official sheng bao website and click on the registration button.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the account type you wish to open (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
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 start trading.
8. Start Trading: Access your trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but the mobile interface may have fewer options.

Common Registration Issues and Solutions

• Issue: Document upload failure.

• Solution: Ensure documents are clear and in the correct format (JPEG, PDF).

• 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: sheng bao Demo Account Information

sheng bao Demo Account Guide

Demo Account Features and Benefits

• Access to all trading instruments with virtual funds.
• Ideal for practicing trading strategies without risk.

How to Open a Demo Account

• Follow the same registration process as for live accounts but select the demo option.

Demo Account Limitations

• No real profits can be earned.
• Limited to virtual trading only.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $100,000.

Demo vs Live Account Differences

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

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for 30 days but can be extended upon request.

Part 6: sheng bao Islamic Account Details

sheng bao Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available for traders who require compliance with Sharia law.

Eligibility Requirements

• Must be a Muslim trader.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees for 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 finance principles.

FAQs – sheng bao Account Types & Opening

1. What account types does sheng bao offer？

• Sheng Bao 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 sheng bao account verification take？

• Account verification typically takes 1-3 business days.

1. Does sheng bao offer demo accounts？

• Yes, sheng bao offers demo accounts for practice trading.

1. Can I have multiple account types with sheng bao？

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

1. Does sheng bao offer Islamic/swap-free accounts？

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

1. What documents do I need to open a sheng bao 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.