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Rating Index

Pros

Diverse market instruments, including forex, CFDs on stocks, indices, commodities, and cryptocurrencies.

Multiple currency pairs available, providing extensive access to the global forex market.

Competitive spreads starting at 0.2 pips, offering cost-effective trading conditions.

Cons

Lack of regulation may raise concerns about transparency and oversight, increasing potential risks.

Limited educational resources, which may not fully support traders seeking comprehensive learning materials.

No demo accounts available specifically for residents in the United States, restricting practice opportunities for traders in that region.

Shinwa broker Accounts

Shinwa Account Types

Shinwa offers a variety of account types tailored to meet the needs of different traders. The available account types include:

Cent Account

Minimum Deposit: $100
Leverage: Up to 1:500
Spread: Fixed at 0.2 pips
Commission: $0.01 per lot
Suitable for: Beginners and those with limited capital.

Standard Account

Minimum Deposit: $2,500
Leverage: Up to 1:500
Spread: Fixed at 0.2 pips
Commission: $0.02 per lot
Suitable for: More experienced traders.

Pro Account

Minimum Deposit: $100,000
Leverage: Up to 1:500
Spread: Fixed at 0.1 pips
Commission: $0.03 per lot
Suitable for: Professional traders seeking precision and tight spreads.

Each account type is designed to cater to different trading styles and capital levels, allowing traders to choose the one that aligns with their specific needs.

Shinwa Broker Account Opening Process

Opening an account with Shinwa is a straightforward process consisting of the following steps:

Visit Shinwa's Official Website:

Enter the URL in your web browser to access the official Shinwa website.

Click on “Open Account” or “Register”:

Look for the prominently displayed button on the homepage.

Fill Out the Registration Form:

Provide required personal details, including your name, contact information, and financial information. Ensure all information is accurate and up-to-date.

Choose Your Account Type:

Select the type of account you wish to open (Cent, Standard, or Pro) based on your trading preferences and financial capacity.

Verify Your Identity:

Submit identification documents, such as a passport or drivers license, and proof of address, like a utility bill.

Deposit Funds:

After verification, deposit funds into your trading account using various payment methods, including credit cards, debit cards, wire transfers, and e-wallets.

By following these steps, you can successfully open an account with Shinwa and start trading.