SHENGDA broker Accounts

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

Part 1: shengda Account Types Overview

shengda Account Types Explained

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 all trading instruments.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Spreads from 0.1 pips; commission of $6 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access; lower spreads; suitable for scalping.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 0.0 pips; commission of $4 per lot.
• Leverage Options: Up to 1:100.
• Key Features: Advanced trading tools; priority execution.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, stocks.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law; no interest charges.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance of $10,000.
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free trading environment; practice strategies.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: All instruments available in live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: shengda Account Features Comparison

Detailed shengda Account Features

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: $0

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:100

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: 1.5 pips

• ECN: 0.1 pips

• Pro: 0.0 pips

• Islamic: 1.5 pips

• Demo: 1.5 pips

• Commission Fees:

• Standard: $0

• ECN: $6 per lot

• Pro: $4 per lot

• Islamic: $0

• Demo: $0

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Standard

• Pro: Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: ECN

• Islamic: Market

• Demo: Market

• Islamic Account Availability: Yes for Islamic Account.

• Swap-Free Options: Available for Islamic Account.

• Demo Account Features:

• Virtual balance of $10,000.

• Full access to trading instruments.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• User-friendly for beginners.

• Access to all trading instruments.

• ECN Account:

• Tight spreads.

• Direct market access.

• Suitable for high-frequency trading.

• Pro Account:

• Lowest spreads.

• Advanced trading tools.

• Priority execution.

• Islamic Account:

• No swap fees.

• Complies with Islamic finance principles.

• Available for all instruments.

• Demo Account:

• Risk-free environment.

• Practice trading strategies.

• Unlimited duration for practice.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit.

• Commission fees may increase trading costs.

• Pro Account:

• High minimum deposit.

• Not suitable for beginners.

• Islamic Account:

• Limited to Muslim traders.

• May have restrictions on certain instruments.

• Demo Account:

• No real profits.

• Limited to virtual trading experience.

Part 3: shengda Account Opening Requirements

shengda 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 due to regulatory compliance.

• Identity Verification Documents Needed:

• Valid government-issued ID (passport or national ID).

• Proof of address (utility bill or bank statement).

• Proof of Residence Requirements:

• Recent utility bill or bank statement showing the applicant's name and address.

• Additional Documentation for Professional Accounts:

• Business registration documents (for corporate accounts).

• Financial statements (if applicable).

• KYC/AML Compliance Procedures:

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

• Verification Time Frames:

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

Part 4: shengda Account Opening Process

Step-by-Step shengda Account Opening Guide

1. Visit the Website and Click Registration: Go to the official shengda website and click on the registration button.
2. Personal Information Entry: Fill in the required personal information, including name, email, and phone number.
3. Choose Account Type: Select the desired account type based on your trading needs.
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading platform.
5. Document Upload: Upload the necessary 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 start trading.
8. Start Trading: Once your account is funded, you can begin trading.

• Desktop vs Mobile Registration Differences: The registration process is similar on both platforms, but mobile may have additional verification steps.
• Common Registration Issues and Solutions: Ensure all documents are clear and legible; check for any missing information.
• Average Account Approval Time: Generally, 1-3 business days.
• How to Upgrade/Downgrade Account Types: Contact customer support to request changes to your account type.

Part 5: shengda Demo Account Information

shengda Demo Account Guide

• Demo Account Features and Benefits:

• Allows traders to practice without risk.

• Access to all trading instruments available in live accounts.

• Real-time market conditions.

• How to Open a Demo Account:

• Visit the shengda website and select the demo account option.

• Fill in the registration form and submit.

• Demo Account Limitations:

• Virtual funds only; no real profits can be made.

• Limited to practice trading.

• Virtual Balance Amount: Typically $10,000.

• Demo vs Live Account Differences:

• Live accounts involve real money and actual profits/losses.

• Demo accounts are risk-free with virtual funds.

• Duration/Expiry of Demo Accounts: Usually, demo accounts do not expire, but may have limitations on usage.

Part 6: shengda Islamic Account Details

shengda Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, shengda offers Islamic accounts compliant with Sharia law.
• Eligibility Requirements: Must be a Muslim trader.
• Differences from Standard Accounts: No swap fees; similar trading conditions as standard accounts.
• How to Apply for Islamic Account: Select the Islamic account option during registration or contact customer support.
• Restrictions or Special Conditions: Must comply with Islamic finance principles.

FAQs – shengda Account Types & Opening

1. What account types does shengda offer？

• shengda 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: $0.

1. How long does shengda account verification take？

• Verification typically takes 1-3 business days.

1. Does shengda offer demo accounts？

• Yes, shengda provides demo accounts for practice trading.

1. Can I have multiple account types with shengda？

• Yes, traders can hold multiple account types.

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

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

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

• A valid 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.