Soul Trade broker Accounts

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

Part 1: soul trade Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Fixed spreads starting from 1.5 pips
• Leverage Options: Up to 1:500
• Key Features: User-friendly interface, suitable for beginners
• Target User Profile: Beginner traders
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Variable spreads starting from 0 pips, commission of $3 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads, commission of $2 per lot
• Leverage Options: Up to 1:100
• Key Features: Advanced trading tools and features
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, stocks

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Fixed spreads starting from 1.5 pips
• Leverage Options: Up to 1:500
• Key Features: Swap-free trading
• 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 live accounts
• Leverage Options: Same as live accounts
• Key Features: Risk-free environment to practice trading
• Target User Profile: All trader levels
• Trading Instruments Available: Forex, commodities, indices

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
• Practice Traders: Demo Account

Part 2: soul trade Account Features Comparison

Detailed soul trade 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: Same as live accounts

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0 pips

• Pro: Variable

• Islamic: From 1.5 pips

• Demo: Same as live accounts

• Commission Fees:

• Standard: N/A

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: N/A

• Demo: N/A

• Lot Size:

• Standard: Micro (0.01)

• ECN: Mini (0.1) and Standard (1)

• Pro: Standard (1)

• Islamic: Micro (0.01)

• Demo: Micro (0.01)

• Available Trading Platforms:

• Standard: MT4

• ECN: MT4, MT5

• Pro: MT5

• Islamic: MT4

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: Instant

• Pro: ECN

• Islamic: Market

• Demo: Market

• Islamic Account Availability: Yes for Islamic Account

• Swap-Free Options: Available for Islamic Account

• Demo Account Features: Virtual funds for practice

• Advantages of Each Account Type:

• Standard: Easy setup, no commission fees

• ECN: Low spreads, direct market access

• Pro: Advanced tools, lower commissions

• Islamic: Compliance with Islamic finance principles

• Demo: Risk-free trading experience

• Disadvantages of Each Account Type:

• Standard: Higher spreads compared to ECN

• ECN: Requires higher minimum deposit

• Pro: Higher initial investment

• Islamic: Limited to specific trading conditions

• Demo: No real profit or loss experience

Part 3: soul trade Account Opening Requirements

soul trade Account Registration Requirements

Eligibility Criteria:

• Age Requirements: Minimum 18 years old
• Geographic Restrictions: Not available in certain countries (specific countries may be prohibited)
• Prohibited Countries: Countries under international sanctions
• Identity Verification Documents Needed:
• Government-issued ID (passport, drivers license)
• Proof of address (utility bill, bank statement)
• Proof of Residence Requirements: Recent document showing your name and address
• Additional Documentation for Professional Accounts: Proof of trading experience or financial status

KYC/AML Compliance Procedures

• Verification of identity and address to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.

Verification Time Frames

• Typically, account verification takes 1-3 business days, depending on the completeness of documentation provided.

Part 4: soul trade Account Opening Process

Step-by-Step soul trade Account Opening Guide

1. Visit Website and Click Registration: Go to the soul trade website and find the registration button.
2. Personal Information Entry: Fill in your personal details such as name, email, and phone number.
3. Choose Account Type: Select the account type that best suits your trading needs.
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the verification process to be completed.
7. Fund Your Account: Deposit the minimum required amount to start trading.
8. 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 prompts for document uploads.

Common Registration Issues and Solutions

• Issue: Document 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

• Account approval typically takes 1-3 business days.

How to Upgrade/Downgrade Account Types

• Log into your account, navigate to account settings, and select the option to upgrade or downgrade your account type.

Part 5: soul trade Demo Account Information

soul trade Demo Account Guide

Demo Account Features and Benefits

• Allows traders to practice without financial risk using virtual funds.

How to Open a Demo Account

• Select the demo account option during the registration process and follow the prompts.

Demo Account Limitations

• Limited to virtual funds and does not reflect real market conditions.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $10,000 or more.

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts involve real money and actual trading conditions.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for 30 days but can be extended upon request.

Part 6: soul trade Islamic Account Details

soul trade Islamic Account Details

Swap-Free/Islamic Account Availability

• Yes, soul trade offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Must be a practicing Muslim.

Differences from Standard Accounts

• Islamic accounts do not incur swaps or interest fees.

How to Apply for Islamic Account

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

Restrictions or Special Conditions

• Must adhere to trading conditions set for Islamic accounts, including no overnight positions that incur swaps.

FAQs – soul trade Account Types & Opening

1. What account types does soul trade offer？

• soul trade 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 soul trade account verification take？

• Verification typically takes 1-3 business days.

1. Does soul trade offer demo accounts？

• Yes, soul trade offers demo accounts for practice trading.

1. Can I have multiple account types with soul trade？

• Yes, traders can open multiple account types.

1. Does soul trade offer Islamic/swap-free accounts？

• Yes, soul trade offers Islamic accounts that comply with Sharia law.

1. What documents do I need to open a soul trade account？

• A government-issued ID and proof of address are required.

1. Can I change my account type after registration？

• Yes, you can upgrade or downgrade your account type through your account settings.