SINOKO broker Accounts

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

Part 1: sinoko Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: Not specified
• Spread/Commission Structure: Variable spreads
• Leverage Options: Up to 1:500
• Key Features: Ideal for beginners, offers access to a wide range of trading instruments.
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

1. ECN Account

• Minimum Deposit Requirement: Not specified
• Spread/Commission Structure: Low spreads with commission fees
• Leverage Options: Up to 1:200
• Key Features: Direct market access, suitable for high-frequency traders.
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, indices.

1. Pro Account

• Minimum Deposit Requirement: Not specified
• Spread/Commission Structure: Tight spreads with higher commission
• Leverage Options: Up to 1:100
• Key Features: Designed for professional traders with advanced trading tools.
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, stocks.

1. Islamic Account

• Minimum Deposit Requirement: Not specified
• Spread/Commission Structure: Similar to Standard or ECN accounts but swap-free
• Leverage Options: Up to 1:500
• Key Features: Complies with Sharia law, no swap fees.
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Similar to live accounts
• Leverage Options: Up to 1:500
• Key Features: Practice trading without financial risk.
• Target User Profile: Beginners and experienced traders looking to test strategies.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: Detailed sinoko Account Features

Account Features Comparison

• Minimum Deposit: Not specified for all account types.
• Maximum Leverage:
• Standard: 1:500
• ECN: 1:200
• Pro: 1:100
• Islamic: 1:500
• Spreads:
• Standard: Variable spreads
• ECN: Low spreads with commission
• Pro: Tight spreads with higher commission
• Islamic: Similar to Standard or ECN
• Commission Fees:
• Standard: None specified
• ECN: Yes, based on trading volume
• Pro: Higher commission than ECN
• Islamic: None specified
• Lot Size:
• Standard: Micro, Mini, Standard
• ECN: Micro, Mini, Standard
• Pro: Standard
• Islamic: Micro, Mini, Standard
• Available Trading Platforms:
• All account types: MT4, MT5
• Execution Type:
• Standard: Market
• ECN: ECN
• Pro: Instant
• Islamic: Market
• Islamic Account Availability: Yes, for Islamic Account type.
• Swap-free Options: Available for Islamic accounts.
• Demo Account Features:
• Virtual balance for practice
• Access to all trading instruments
• Advantages of Each Account Type:
• Standard: Easy to use, no commission fees.
• ECN: Lower spreads, direct market access.
• Pro: Advanced tools, suitable for high-volume trading.
• Islamic: No swap fees, compliant with Islamic finance principles.
• Demo: Risk-free environment to practice trading.
• Disadvantages of Each Account Type:
• Standard: Higher spreads compared to ECN.
• ECN: Commission fees can add up.
• Pro: Higher minimum deposit may be required.
• Islamic: Limited to specific trading conditions.
• Demo: Limited time and virtual funds.

Part 3: sinoko Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Not specified.
• Prohibited Countries: Not specified.
• Identity Verification Documents Needed: Government-issued ID (passport, national ID).
• Proof of Residence Requirements: Utility bill or bank statement with the applicant's name and address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

• Verification of identity and address through submitted documents.
• Compliance with Anti-Money Laundering regulations.

Verification Time Frames

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

Part 4: Step-by-Step sinoko Account Opening Guide

Registration Process

1. Visit Website: Go to the official sinoko website.
2. Click Registration: Locate and click on the registration button.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select the desired account type (Standard, ECN, Pro, Islamic, Demo).
5. Set Trading Preferences: Indicate trading preferences and leverage options.
6. Document Upload: Upload required identity verification documents.
7. Account Verification: Wait for account verification (1-3 business days).
8. Fund Your Account: Deposit funds to start trading.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile may have additional app-specific prompts.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• 1-3 business days.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade.

Part 5: sinoko Demo Account Guide

Demo Account Features and Benefits

• Allows practice trading without financial risk.
• Access to all trading instruments available in live accounts.

How to Open a Demo Account

• Follow the same registration process but select the Demo account option.

Demo Account Limitations

• Limited duration (typically 30 days).
• Virtual balance may not reflect real market conditions.

Virtual Balance Amount

• Typically provided with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts use real money.
• Trading conditions may vary slightly.

Duration/Expiry of Demo Accounts

• Usually expires after 30 days unless extended by the broker.

Part 6: sinoko Islamic Account Details

Swap-free/Islamic Account Availability

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

Eligibility Requirements

• Must be a practicing Muslim.

Differences from Standard Accounts

• No swap fees applied on overnight positions.

How to Apply for Islamic Account

• Indicate the request for an Islamic account during the registration process.

Restrictions or Special Conditions

• Must adhere to Islamic finance principles.

FAQs – sinoko Account Types & Opening

1. What account types does sinoko offer？

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

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

• Minimum deposit requirements are not specified for any account types.

1. How long does sinoko account verification take？

• Account verification typically takes 1-3 business days.

1. Does sinoko offer demo accounts？

• Yes, sinoko offers demo accounts for practice trading.

1. Can I have multiple account types with sinoko？

• Yes, you can have multiple account types.

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

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

1. What documents do I need to open a sinoko 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 customer support.