SK Markets Account Type

SK Markets offers several account types tailored to meet the diverse needs of traders. The main account types include:

• Multi-Asset Trading Account: This is the most common account type, allowing traders to access a wide range of assets through a single account. The base currency for this account is USD.

• Silver Plan: Requires a minimum deposit of $5,000. This plan offers a lower fee per share of $0.008 compared to the Bronze Plan, with a minimum fee of $1.50. It is suitable for traders who trade in slightly higher volumes.

• Gold Plan: Requires a minimum deposit of $10,000. This plan provides a further reduced fee per share of $0.007, with the same minimum fee of $1.50, making it ideal for frequent and high-volume traders.

• Leverage Options: Retail traders can access leverage up to 1:30 for major currency pairs, while professional traders may qualify for leverage up to 1:200, depending on the instrument.

• Spread-Based and Commission-Based Plans: SK Markets offers both spread-based plans, where spreads are included in the buy and sell prices, and commission-based plans, which charge a fee on executed transactions in addition to the spread.

SK Markets Broker Account Opening Process

Opening an account with SK Markets is a straightforward process that involves several key steps:

• Choose Account Type: Determine which account type best suits your trading needs based on your investment strategy and capital.

• Complete Registration: Visit the SK Markets website and fill out the online registration form. You will need to provide personal information and choose your account type.

• Submit Documentation: Upload required documents, such as identification (ID or passport) and proof of residence, to verify your identity.

• Deposit Funds: Fund your account through various payment methods, including Visa, MasterCard, Skrill, and bank transfers. The minimum deposit to start trading is $500.

• Account Verification: Once your documents are submitted, SK Markets will review and verify your account, which usually takes 1-2 business days.

• Start Trading: After your account is verified and funded, you can begin trading using the SK Markets trading platforms, including WebTrader and the trading web mobile app.