SONCE broker Accounts

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

Part 1: sonce Account Types Overview

sonce Account Types Explained

sonce offers a variety of account types tailored to different trading needs and experiences. Below is a detailed overview of each account type available:

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: User-friendly interface, access to a wide range of trading instruments
• Target User Profile: Beginners and intermediate traders
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

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

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Competitive spreads with lower commissions
• Leverage Options: Up to 1:400
• Key Features: Advanced trading tools, priority customer support
• Target User Profile: Experienced traders and institutional clients
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

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 options in compliance 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, 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: Standard Account, ECN Account
• Advanced: ECN Account, Pro Account
• Institutional: Pro Account

Part 2: sonce Account Features Comparison

Detailed sonce Account Features

When considering which sonce account type to open, it's essential to compare the features across different accounts:

• Minimum Deposit: Ranges from $100 for Standard and Islamic accounts to $1,000 for Pro accounts.
• Maximum Leverage: Up to 1:500 for Standard and Islamic accounts, 1:400 for Pro, and 1:200 for ECN accounts.
• Spreads:
• Standard: From 1.0 pips
• ECN: From 0.0 pips
• Pro: Competitive spreads
• Commission Fees:
• ECN: $3 per lot
• Pro: Lower commissions based on trading volume
• Lot Size:
• Standard: Micro, Mini, Standard
• ECN: Micro, Mini, Standard
• Pro: Standard
• Available Trading Platforms:
• All account types support MT4 and MT5.
• Execution Type:
• Standard: Market execution
• ECN: ECN execution
• Pro: Market execution
• Islamic Account Availability: Yes for Standard and Islamic accounts.
• Swap-Free Options: Available for Islamic accounts.
• Demo Account Features: Unlimited virtual balance for practice.

Advantages of Each Account Type

• Standard Account:
• Easy to use for beginners
• Low minimum deposit
• Access to a variety of instruments
• ECN Account:
• Tight spreads and low commissions
• Fast execution speeds
• Suitable for high-frequency trading
• Pro Account:
• Advanced trading tools
• Lower trading costs for high-volume traders
• Priority support
• Islamic Account:
• Complies with Sharia law
• No swap fees
• Same features as Standard Account
• Demo Account:
• Risk-free trading environment
• Ideal for strategy testing
• Unlimited duration for practice

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 for low-volume traders
• Pro Account:
• High minimum deposit
• May not be suitable for casual traders
• Islamic Account:
• Limited availability of certain trading instruments
• May have fewer features than Pro accounts
• Demo Account:
• No real profit can be made
• May not reflect real market conditions

Part 3: sonce Account Opening Requirements

sonce Account Registration Requirements

To open a sonce account, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries, but some restrictions may apply.
• Prohibited Countries: Specific countries may be restricted; check the sonce website for the latest list.
• 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 documents showing your name and address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

sonce adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to verify their identity and source of funds.

Verification Time Frames

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

Part 4: sonce Account Opening Process

Step-by-Step sonce Account Opening Guide

1. Visit the Website: Go to the sonce official website.
2. Click Registration: Locate and click on the “Open Account” button.
3. Personal Information Entry: Fill out the required personal information form.
4. Choose Account Type: Select the desired account type from the options available.
5. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
6. Document Upload: Upload the necessary identity verification documents.
7. Account Verification: Wait for the account to be verified by sonce.
8. Fund Your Account: Deposit funds into your account using the preferred payment method.
9. Start Trading: Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, but the mobile version may have a more streamlined interface for ease of use.

Common Registration Issues and Solutions

• Document Rejection: Ensure documents are clear and meet the requirements.
• Email Verification Issues: Check spam/junk folders if the verification email is not received.
• Account Approval Delays: Contact customer support for assistance.

Average Account Approval Time

Most accounts are approved within 1 to 3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

Account type changes can typically be requested through the client portal or by contacting customer support.

Part 5: sonce Demo Account Information

sonce Demo Account Guide

The sonce demo account offers traders a risk-free environment to practice their trading strategies.

• Demo Account Features and Benefits:
• Access to all trading instruments
• Ability to practice without financial risk
• Unlimited virtual funds for trading
• How to Open a Demo Account:
• Follow the same registration process as a live account, selecting the demo option.
• Demo Account Limitations:
• No real profits can be made; it is purely for practice.
• Virtual Balance Amount:
• Typically unlimited for practice purposes.
• Demo vs Live Account Differences:
• Demo accounts use virtual funds, while live accounts involve real money.
• Duration/Expiry of Demo Accounts:
• Demo accounts may have a set expiry period, often 30 days, but can be extended upon request.

Part 6: sonce Islamic Account Details

sonce Islamic Account Details

sonce offers Islamic accounts that comply with Sharia law, providing a swap-free trading environment.

• 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; otherwise similar features.
• How to Apply for Islamic Account: Select the Islamic account option during registration or contact support for assistance.
• Restrictions or Special Conditions: Must adhere to Islamic trading principles.

FAQs – sonce Account Types & Opening

1. What account types does sonce offer？

• sonce offers 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 sonce account verification take？

• Verification typically takes 1 to 3 business days.

1. Does sonce offer demo accounts？

• Yes, sonce provides demo accounts for practice trading.

1. Can I have multiple account types with sonce？

• Yes, you can open multiple accounts of different types.

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

• Yes, Islamic accounts are available.

1. What documents do I need to open a sonce 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 the client portal or customer support.