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

Part 1: shtern Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:500
• Key Features: Access to a wide range of trading instruments, including forex, commodities, and indices.
• Target User Profile: Suitable for beginners and intermediate traders.
• Trading Instruments Available: Forex pairs, commodities, indices.

1. ECN Account

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

1. Pro Account

• Minimum Deposit Requirement: $5,000
• Spread/Commission Structure: Variable spreads starting from 0.1 pips with a commission of $2 per lot.
• Leverage Options: Up to 1:100
• Key Features: Tailored for professional traders with advanced trading tools and analytics.
• Target User Profile: Professional and institutional traders.
• Trading Instruments Available: Forex pairs, commodities, indices, and cryptocurrencies.

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account but without swap fees.
• Leverage Options: Up to 1:500
• Key Features: Compliant with Sharia law, no interest on overnight positions.
• Target User Profile: Muslim traders seeking Sharia-compliant trading options.
• Trading Instruments Available: Forex pairs, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically $10,000).
• Spread/Commission Structure: Similar to the Standard Account.
• Leverage Options: Up to 1:500
• Key Features: Practice trading without risk, access to all trading instruments.
• Target User Profile: Beginners and traders looking to test strategies.
• Trading Instruments Available: All instruments available in live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: shtern Account Features Comparison

Detailed shtern Account Features

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $5,000

• Islamic: $100

• Demo: Virtual balance

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:100

• Islamic: 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: From 0.1 pips

• Islamic: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Standard

• Islamic: Micro, Mini, Standard

• Available Trading Platforms:

• All accounts: MT4, MT5, and proprietary platform.

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Islamic Account Availability: Yes, for Standard and Islamic accounts.

• Swap-free Options: Available for Islamic accounts.

• Demo Account Features:

• Access to all trading instruments, virtual balance, and no time limit on practice.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• No commission fees

• Suitable for beginners

• ECN Account:

• Tight spreads

• Fast execution

• Ideal for high-frequency trading

• Pro Account:

• Advanced trading tools

• Lower commission fees

• Tailored for professionals

• Islamic Account:

• Sharia-compliant

• No swap fees

• Flexible trading options

• Demo Account:

• Risk-free trading

• Full access to trading features

• Ideal for 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:

• High minimum deposit

• Not suitable for beginners

• Islamic Account:

• Limited to Sharia-compliant trading

• May have fewer features than standard accounts

• Demo Account:

• No real profits or losses

• Limited to virtual trading experience

Part 3: shtern Account Registration Requirements

shtern Account Registration Requirements

• Eligibility Criteria:

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

• Geographic Restrictions: Available to residents of most countries, but specific restrictions may apply.

• Prohibited Countries: Countries under sanctions or restrictions may be prohibited.

• Identity Verification Documents Needed:

• Government-issued ID (passport or driver's license)

• Proof of address (utility bill or bank statement)

• Proof of Residence Requirements:

• Recent utility bill or bank statement showing your name and address.

• Additional Documentation for Professional Accounts:

• Business registration documents (if applicable)

• Financial statements or proof of income.

• KYC/AML Compliance Procedures:

• Verification of identity and address to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.

• Verification Time Frames:

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

Part 4: shtern Account Opening Process

Step-by-Step shtern Account Opening Guide

1. Visit Website and Click Registration:

• Navigate to the official shtern website and click on the "Open an Account" button.

1. Personal Information Entry:

• Fill in your personal details, including name, email, and phone number.

1. Choose Account Type:

• Select the type of account you wish to open (Standard, ECN, Pro, Islamic, or Demo).

1. Set Trading Preferences:

• Specify your trading preferences, including leverage and trading instruments.

1. Document Upload:

• Upload required identification and proof of residence documents.

1. Account Verification:

• Wait for the verification process to be completed by the shtern team.

1. Fund Your Account:

• Deposit the minimum required amount to activate your account.

1. Start Trading:

• Once your account is funded and verified, you can start trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with mobile registration optimized for smaller screens.

Common Registration Issues and Solutions

• Issue: Document upload errors.

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

• Issue: Delayed verification.

• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade. Additional documentation may be required.

Part 5: shtern Demo Account Information

shtern Demo Account Guide

• Demo Account Features and Benefits:

• Access to real-time market conditions.

• Practice trading strategies without financial risk.

• Use of all trading tools available in live accounts.

• How to Open a Demo Account:

• Follow the same registration process as for live accounts but select "Demo Account" during the account type selection.

• Demo Account Limitations:

• Limited to virtual trading; no real profits or losses.

• Virtual Balance Amount:

• Typically set at $10,000 for practice purposes.

• 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 an indefinite period, but some brokers may set an expiry date after a period of inactivity.

Part 6: shtern Islamic Account Details

shtern Islamic Account Details

• Swap-free/Islamic Account Availability:

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

• Eligibility Requirements:

• Must be a practicing Muslim seeking Sharia-compliant trading options.

• 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 and provide necessary documentation.

• Restrictions or Special Conditions:

• Must adhere to Islamic trading principles; no interest-based transactions.

FAQs – shtern Account Types & Opening

1. What account types does shtern offer？

• shtern offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $100, ECN: $500, Pro: $5,000, Islamic: $100, Demo: Virtual balance.

1. How long does shtern account verification take？

• Verification typically takes 1-3 business days.

1. Does shtern offer demo accounts？

• Yes, shtern provides demo accounts for practice trading.

1. Can I have multiple account types with shtern？

• Yes, you can open multiple account types.

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

• Yes, Islamic accounts are available.

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

• A government-issued ID and proof of address 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.