SIG TRADING broker Accounts

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

sig trading Account Types Explained

Available Account Types

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: User-friendly for beginners, no commission fees
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

1. Professional Account

• Minimum Deposit Requirement: $5,000
• Spread/Commission Structure: Variable spreads starting from 0.8 pips, no commission
• Leverage Options: Up to 1:300
• Key Features: Designed for experienced traders, lower spreads
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. ECN Account

• Minimum Deposit Requirement: $25,000
• Spread/Commission Structure: Raw spreads starting from 0 pips, $8 round turn commission
• Leverage Options: Up to 1:300
• Key Features: Direct market access, faster execution
• Target User Profile: Institutional traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Islamic Account

• Minimum Deposit Requirement: $100 (same as Standard)
• Spread/Commission Structure: Variable spreads, no swap fees
• Leverage Options: Up to 1:500
• Key Features: Compliant with Sharia law
• Target User Profile: Muslim traders
• 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: Same as Standard Account
• Key Features: Practice trading without risk
• Target User Profile: Beginners and those testing strategies
• Trading Instruments Available: Forex, commodities, indices

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed sig trading Account Features

Feature Comparison Across Account Types

• Minimum Deposit:

• Standard: $100

• Professional: $5,000

• ECN: $25,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: 1:500

• Professional: 1:300

• ECN: 1:300

• Islamic: 1:500

• Spreads (Typical/Minimum):

• Standard: 1.5 pips

• Professional: 0.8 pips

• ECN: 0 pips

• Islamic: Variable (same as Standard)

• Commission Fees:

• Standard: None

• Professional: None

• ECN: $8 round turn

• Islamic: None

• Lot Size:

• Standard: Micro (0.01)

• Professional: Mini (0.1)

• ECN: Standard (1.0)

• Islamic: Micro (0.01)

• Available Trading Platforms:

• Standard: MT4, MT5

• Professional: MT4, MT5

• ECN: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• Professional: Instant

• ECN: ECN

• Islamic: Market

• Demo: Market

• Islamic Account Availability: Yes for Islamic accounts only.

• Swap-Free Options: Available for Islamic accounts.

• Demo Account Features: Virtual funds for practice, same trading conditions as live accounts.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• No commission fees

• User-friendly interface

• Professional Account:

• Lower spreads

• No commission fees

• Suitable for advanced strategies

• ECN Account:

• Direct market access

• Raw spreads

• Ideal for high-frequency trading

• Islamic Account:

• No swap fees

• Compliant with Sharia law

• Available for all trading instruments

• Demo Account:

• Risk-free trading environment

• Practice strategies without financial risk

• Access to all trading instruments

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited features for advanced traders

• Professional Account:

• Higher minimum deposit

• Limited to experienced traders

• ECN Account:

• High minimum deposit requirement

• Commission fees apply

• Islamic Account:

• Limited availability of features compared to other accounts

• Demo Account:

• Limited duration

• No real money involved

sig trading Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Services may not be available in certain countries (specific countries not listed).
• Prohibited Countries: Not specified in the sources.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Recent documents showing the residential address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks to verify identity and prevent fraud.

Verification Time Frames

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

sig trading Account Opening Process

Step-by-Step sig trading Account Opening Guide

1. Visit Website and Click Registration: Go to the official sig trading website and click on the "Open Account" button.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type (Standard, Professional, ECN, Islamic, or Demo).
4. Set Trading Preferences: Specify trading preferences, including leverage and trading instruments.
5. Document Upload: Upload required identity verification documents.
6. Account Verification: Wait for the account to be verified by the trading platform.
7. Fund Your Account: Deposit the minimum required amount to activate the account.
8. Start Trading: Once funded, you can begin trading on the platform.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, though the interface may differ slightly.

Common Registration Issues and Solutions

• Issue: Documents not accepted.
• Solution: Ensure documents are clear and meet the specified requirements.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Users can request an upgrade or downgrade through the account management section on the website or by contacting customer support.

sig trading Demo Account Guide

Demo Account Features and Benefits

• Allows users to practice trading strategies without financial risk.
• Offers a virtual balance to simulate real trading conditions.
• Access to all trading instruments available in live accounts.

How to Open a Demo Account

• Visit the sig trading website and select the option for a demo account. Follow the registration steps similar to opening a live account.

Demo Account Limitations

• Limited duration (typically 30-90 days).
• Virtual funds cannot be withdrawn.

Virtual Balance Amount

• The demo account typically comes with a virtual balance of $10,000 or more, depending on the platform.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Trading conditions may vary slightly in terms of execution speed and spreads.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after a set period (30-90 days), but users may have the option to renew.

sig trading Islamic Account Details

Swap-Free/Islamic Account Availability

• Yes, Islamic accounts are available for traders who require swap-free trading options.

Eligibility Requirements

• Must be a Muslim trader adhering to Sharia law.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees and are structured to comply with Islamic finance principles.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process and provide necessary documentation.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions that differ from standard accounts, such as the absence of swap fees.

FAQs – sig trading Account Types & Opening

1. What account types does sig trading offer？

• Standard, Professional, ECN, Islamic, and Demo accounts.

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

• Standard: $100, Professional: $5,000, ECN: $25,000, Islamic: $100, Demo: N/A.

1. How long does sig trading account verification take？

• Typically 1-3 business days.

1. Does sig trading offer demo accounts？

• Yes, sig trading offers demo accounts for practice.

1. Can I have multiple account types with sig trading？

• Yes, traders can open multiple account types.

1. Does sig trading offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available.

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

• 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.