Spring broker Accounts

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

Part 1: spring Account Types Overview

spring Account Types Explained

Spring offers a variety of account types tailored to different trading needs and experiences. Below is an overview of the available account types:

Recommended Account Types by Trader Level

• Beginners: Easy Saver, Standard Account
• Intermediate: Standard Account, ECN Account
• Advanced: ECN Account, Pro Account
• Institutional: Pro Account

Part 2: spring Account Features Comparison

Detailed spring Account Features

When considering which spring account type to choose, its essential to compare their features:

Advantages and Disadvantages of Each Account Type

Easy Saver

• Advantages:
• No minimum deposit
• High interest rate
• Easy access to funds
• Disadvantages:
• Limited trading options

Standard Account

• Advantages:
• Low minimum deposit
• Flexible leverage options
• Suitable for beginners
• Disadvantages:
• Higher spreads compared to ECN accounts

ECN Account

• Advantages:
• Low spreads and fast execution
• Direct market access
• Ideal for high-frequency traders
• Disadvantages:
• Higher minimum deposit required
• Commission fees apply

Pro Account

• Advantages:
• Fixed spreads for better predictability
• Advanced trading tools
• Suitable for institutional traders
• Disadvantages:
• High minimum deposit

Islamic Account

• Advantages:
• Swap-free trading options
• Flexible leverage
• Disadvantages:
• Limited availability

Demo Account

• Advantages:
• No financial risk
• Practice trading strategies
• Disadvantages:
• Limited to virtual trading only

Part 3: spring Account Opening Requirements

spring Account Registration Requirements

To open a spring account, you must meet the following eligibility criteria:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of the UK and selected countries.
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.
• Identity Verification Documents Needed:
• Government-issued ID (passport or driver's license)
• Social Security number (if applicable)
• Proof of Residence Requirements: Recent utility bill or bank statement showing your name and address.
• Additional Documentation for Professional Accounts: Proof of trading experience or financial statements may be required.

KYC/AML Compliance Procedures

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Verification time frames typically range from 1 to 3 business days.

Part 4: spring Account Opening Process

Step-by-Step spring Account Opening Guide

1. Visit Website and Click Registration: Navigate to the spring website and select the account type you wish to open.
2. Personal Information Entry: Fill in your personal details, including name, address, and contact information.
3. Choose Account Type: Select the account type that best suits your trading needs.
4. Set Trading Preferences: Indicate your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the spring team to verify your documents.
7. Fund Your Account: Once verified, deposit funds into your account to start trading.
8. Start Trading: Access your trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but the mobile app may offer a more streamlined experience.

Common Registration Issues and Solutions

• Issue: Document upload errors.
• Solution: Ensure documents are clear and legible.
• Issue: Delays in verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes between 1 to 3 business days.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of your account type.

Part 5: spring Demo Account Information

spring Demo Account Guide

• Demo Account Features and Benefits:
• Practice trading without financial risk.
• Access to the same trading platform as live accounts.
• How to Open a Demo Account:
• Visit the spring website and select the demo account option.
• Complete the registration process.
• Demo Account Limitations:
• Limited to virtual trading only.
• Virtual Balance Amount:
• Typically provides a virtual balance of £10,000.
• Demo vs Live Account Differences:
• Demo accounts use virtual funds, while live accounts require real money.
• Duration/Expiry of Demo Accounts:
• Demo accounts may expire after a set period, usually 30 days, but can be renewed.

Part 6: spring Islamic Account (if available)

spring Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, available for Muslim traders.
• Eligibility Requirements: Must provide proof of religious beliefs.
• Differences from Standard Accounts: No swap fees applied.
• How to Apply for Islamic Account: Indicate preference during the account registration process.
• Restrictions or Special Conditions: Must comply with Islamic finance principles.

FAQs – spring Account Types & Opening

1. What account types does spring offer？

• Spring offers Easy Saver, Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Easy Saver: £1, Standard: £100, ECN: £500, Pro: £1,000, Islamic: £100, Demo: £0.

1. How long does spring account verification take？

• Verification typically takes 1 to 3 business days.

1. Does spring offer demo accounts？

• Yes, spring offers demo accounts for practice trading.

1. Can I have multiple account types with spring？

• Yes, you can hold multiple account types.

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

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

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

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

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.