Shrim broker Accounts

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

shrim 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: User-friendly interface, access to all trading instruments
• Target User Profile: Beginners and intermediate traders
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips, commission of $3 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution speeds
• Target User Profile: Advanced traders and scalpers
• Trading Instruments Available: Forex, commodities, indices

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 1.0 pips, lower commission fees
• Leverage Options: Up to 1:300
• Key Features: Advanced trading tools, priority customer support
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Forex, commodities, indices, and CFDs

1. 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
• Target User Profile: Traders requiring Sharia-compliant accounts
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:500
• Key Features: Practice trading without risk, access to all trading instruments
• Target User Profile: Beginners and those testing strategies
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed shrim Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:300

• Islamic: Up to 1:500

• Demo: Up to 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.0 pips

• Pro: From 1.0 pips

• Islamic: Same as Standard

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: Lower fees

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Micro, Mini, 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: Instant

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: N/A

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: N/A

• Demo Account Features:

• Virtual balance, access to all instruments, practice trading

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to a wide range of instruments

• ECN Account:

• Tight spreads

• Direct market access

• Ideal for scalping strategies

• Pro Account:

• Advanced trading tools

• Lower commission fees

• Priority customer support

• Islamic Account:

• Complies with Sharia law

• No swap fees

• Suitable for Muslim traders

• Demo Account:

• Risk-free trading

• Ideal for practice

• No time limit on learning

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees apply

• Pro Account:

• Higher minimum deposit

• May not be suitable for beginners

• Islamic Account:

• Limited availability of features

• May have restrictions on certain instruments

• Demo Account:

• No real profits

• Limited to virtual funds

shrim Account Registration Requirements

Eligibility Criteria

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

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

• Prohibited Countries: Countries under international sanctions may be restricted.

• Identity Verification Documents Needed:

• Government-issued ID (passport, drivers license)

• Proof of address (utility bill, bank statement)

• Proof of Residence Requirements: Recent utility bill or bank statement showing the applicant's name and address.

• Additional Documentation for Professional Accounts: May require proof of trading experience or financial statements.

KYC/AML Compliance Procedures

• Verification of identity and address through submitted documents.
• Additional checks may be performed to comply with Anti-Money Laundering regulations.

Verification Time Frames

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

Step-by-Step shrim Account Opening Guide

Registration Process

1. Visit Website and Click Registration: Go to the shrim website and find the registration button.
2. Personal Information Entry: Fill out the required personal details, including name, email, and phone number.
3. Choose Account Type: Select the desired account type based on your trading needs.
4. Set Trading Preferences: Indicate your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the necessary identity verification 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: Access your trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but the mobile app may have additional features for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload errors.

• Solution: Ensure documents are clear and meet the required format.

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Log into your account and navigate to the account settings to request an upgrade or downgrade.

shrim Demo Account Guide

Demo Account Features and Benefits

• Allows traders to practice without financial risk.
• Access to all trading instruments available in live accounts.
• Ideal for testing strategies and familiarizing with the trading platform.

How to Open a Demo Account

• Visit the shrim website and select the demo account option.
• Fill out the required information and submit.

Demo Account Limitations

• Virtual funds only; no real profits can be made.
• Limited duration may apply depending on the broker's policy.

Virtual Balance Amount

• Typically, demo accounts are funded with a virtual balance of $100,000 or similar.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.

Duration/Expiry of Demo Accounts

• Demo accounts may remain active for a specified period, often 30 days, unless otherwise stated.

shrim Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available for traders seeking Sharia-compliant options.

Eligibility Requirements

• Must meet the same basic registration requirements as standard accounts.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees for holding positions overnight.

How to Apply for Islamic Account

• During the registration process, select the Islamic account option.

Restrictions or Special Conditions

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

FAQs – shrim Account Types & Opening

1. What account types does shrim offer？

• shrim 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 shrim account verification take？

• Verification typically takes 1-3 business days.

1. Does shrim offer demo accounts？

• Yes, shrim offers demo accounts for practice trading.

1. Can I have multiple account types with shrim？

• Generally, you can have one account of each type, but check with customer support for specifics.

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

• Yes, shrim offers Islamic accounts that are swap-free.

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

• You need a government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through your account settings.