Sky Win broker Accounts

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

Part 1: sky win 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 all trading instruments, basic trading tools
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Tight spreads from 0.1 pips + commission
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, faster execution
• Target User Profile: Experienced traders and scalpers
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips + commission
• Leverage Options: Up to 1:100
• Key Features: Advanced trading tools, priority customer support
• Target User Profile: Professional traders and institutional clients
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies, stocks

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, 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: Simulated market conditions
• Leverage Options: Up to 1:500
• Key Features: Practice trading without risk, access to all trading instruments
• Target User Profile: Beginners and traders testing strategies
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: sky win Account Features Comparison

Detailed sky win Account Features

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:100

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.1 pips

• Pro: From 0.5 pips

• Islamic: Similar to Standard

• Demo: Simulated conditions

• Commission Fees:

• Standard: None

• ECN: Yes, based on volume

• Pro: Yes, based on volume

• Islamic: None

• Demo: N/A

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Mini, Standard

• Pro: 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: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Yes, for Standard and Islamic accounts.

• Swap-Free Options:

• Available for Islamic accounts.

• Demo Account Features:

• Virtual balance, access to all instruments, no risk.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to various instruments

• ECN Account:

• Tight spreads

• Fast execution

• Suitable for scalping

• Pro Account:

• Advanced tools

• Priority support

• Better trading conditions

• Islamic Account:

• Compliant with Sharia law

• No swap fees

• Similar features to Standard Account

• Demo Account:

• Risk-free trading

• Ideal for practice

• Simulated market conditions

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:

• High minimum deposit

• Commission fees apply

• Islamic Account:

• Limited availability

• Similar features to Standard Account

• Demo Account:

• Limited duration

• No real profit potential

Part 3: sky win Account Registration Requirements

sky win Account Registration Requirements

• Eligibility Criteria:

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

• Geographic Restrictions: Not available in certain countries (specific list not provided).

• Prohibited Countries: Countries under sanctions or restrictions (specific list not provided).

• Identity Verification Documents Needed:

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

• Proof of residence (utility bill, bank statement)

• Additional Documentation for Professional Accounts:

• Financial statements

• Proof of trading experience

• KYC/AML Compliance Procedures:

• Verification of identity and residence

• Monitoring of transactions to prevent money laundering

• Verification Time Frames:

• Typically within 1-3 business days, depending on the completeness of documentation.

Part 4: sky win Account Opening Process

Step-by-Step sky win Account Opening Guide

1. Visit Website and Click Registration:

• Navigate to the official sky win website and locate the registration button.

1. Personal Information Entry:

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

1. Choose Account Type:

• Select the desired account type (Standard, ECN, Pro, Islamic, Demo).

1. Set Trading Preferences:

• Choose your trading preferences, including leverage and trading platform.

1. Document Upload:

• Upload necessary identification and proof of residence documents.

1. Account Verification:

• Wait for the verification process to complete.

1. Fund Your Account:

• Deposit the minimum required amount to activate your account.

1. Start Trading:

• Once verified and funded, you can begin trading.

Desktop vs Mobile Registration Differences

• Desktop registration typically offers a more comprehensive view of account types and features.
• Mobile registration may have simplified forms for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload fails.

• Solution: Ensure documents are clear and in the correct format.

• Issue: Verification takes longer than expected.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Generally, account approval takes 1-3 business days.

How to Upgrade/Downgrade Account Types

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

Part 5: sky win Demo Account Guide

sky win Demo Account Features and Benefits

• Features:
• Access to all trading instruments
• Virtual balance for risk-free trading
• Ability to practice strategies

How to Open a Demo Account

• Follow the same registration steps as for a live account but select the Demo Account option.

Demo Account Limitations

• Limited duration (usually 30 days).
• No real profit potential.

Virtual Balance Amount

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

Demo vs Live Account Differences

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

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity.

Part 6: sky win Islamic Account Details

sky win Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, available for Standard and Islamic accounts.
• Eligibility Requirements: Must be a practicing Muslim.
• Differences from Standard Accounts: No swap fees applied.
• How to Apply for Islamic Account: Select the Islamic account option during registration.
• Restrictions or Special Conditions: Must adhere to Sharia law in trading practices.

FAQs – sky win Account Types & Opening

1. What account types does sky win offer？

• 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 sky win account verification take？

• Typically 1-3 business days.

1. Does sky win offer demo accounts？

• Yes, a demo account is available for practice trading.

1. Can I have multiple account types with sky win？

• Yes, you can open multiple accounts.

1. Does sky win offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available.

1. What documents do I need to open a sky win 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.