STANDEN broker Accounts

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

Part 1: standen Account Types Overview

standen Account Types Explained

Standen offers a variety of account types to cater to different trading needs and preferences. Below is a detailed overview of each account type available:

1. Standard STP Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Zero commissions, variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:500
• Key Features: Commission-free trading, fast execution, access to market depth
• Target User Profile: Beginners and intermediate traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Raw ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Low spreads starting from 0.0 pips, $6 commission per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, low latency, suitable for scalpers and high-frequency traders
• Target User Profile: Advanced and professional traders
• Trading Instruments Available: Forex, commodities, indices

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.8 pips, commission varies based on volume
• Leverage Options: Up to 1:400
• Key Features: Tailored for professional traders, advanced trading tools, dedicated account manager
• Target User Profile: Experienced traders and institutions
• Trading Instruments Available: Forex, commodities, indices, shares

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard STP Account
• Leverage Options: Up to 1:500
• Key Features: Swap-free trading to comply with Sharia law
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000)
• Spread/Commission Structure: Similar to Standard STP Account
• Leverage Options: Up to 1:500
• Key Features: Risk-free environment to practice trading strategies
• Target User Profile: Beginners and traders testing new strategies
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard STP Account, Demo Account
• Intermediate: Standard STP Account, Islamic Account
• Advanced: Raw ECN Account, Pro Account
• Professional/Institutional: Pro Account

Part 2: standen Account Features Comparison

Detailed standen Account Features

When comparing the features across different standen account types, the following aspects are crucial:

• Minimum Deposit:

• Standard STP: $100

• Raw ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard STP: 1:500

• Raw ECN: 1:200

• Pro: 1:400

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard STP: From 1.0 pips

• Raw ECN: From 0.0 pips

• Pro: From 0.8 pips

• Islamic: Similar to Standard STP

• Demo: Similar to Standard STP

• Commission Fees:

• Standard STP: None

• Raw ECN: $6 per lot

• Pro: Variable

• Islamic: None

• Demo: None

• Lot Size:

• Standard STP: Standard lots

• Raw ECN: Standard lots

• Pro: Standard lots

• Islamic: Standard lots

• Demo: Standard lots

• Available Trading Platforms:

• Standard STP: MT4, MT5

• Raw ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard STP: Market execution

• Raw ECN: ECN execution

• Pro: Market execution

• Islamic: Market execution

• Demo: Market execution

• Islamic Account Availability:

• Standard STP: Yes

• Raw ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Standard STP: Yes

• Raw ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Demo Account Features:

• Virtual balance of typically $10,000

• Access to all trading instruments

• No time limit on use (varies by broker)

Advantages of Each Account Type

• Standard STP Account:

• No commissions

• Suitable for beginners

• Fast execution speeds

• Raw ECN Account:

• Lowest spreads

• Direct market access

• Ideal for scalpers

• Pro Account:

• Tailored services

• Advanced trading tools

• Higher leverage options

• Islamic Account:

• Complies with Sharia law

• No swap fees

• Suitable for Muslim traders

• Demo Account:

• Risk-free trading

• Practice strategies

• Access to all instruments

Disadvantages of Each Account Type

• Standard STP Account:

• Higher spreads compared to ECN

• Limited advanced features

• Raw ECN Account:

• Requires higher minimum deposit

• Commission fees apply

• Pro Account:

• Higher minimum deposit

• Variable commissions can be costly

• Islamic Account:

• Limited to specific trading conditions

• May have restrictions on certain instruments

• Demo Account:

• No real profit potential

• Limited to virtual funds

Part 3: standen Account Opening Requirements

standen Account Registration Requirements

To open a standen account, prospective traders must meet the following eligibility criteria:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Availability may vary by country; check local regulations.
• Prohibited Countries: Specific countries may be restricted; refer to standen's website for the latest list.
• Identity Verification Documents Needed:
• Government-issued ID (passport, national ID, or driver's license)
• Proof of address (utility bill, bank statement, or lease agreement)
• Proof of Residence Requirements: Must provide documents showing current residential address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

• All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks to ensure compliance with regulatory standards.

Verification Time Frames

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

Part 4: standen Account Opening Process

Step-by-Step standen Account Opening Guide

1. Visit Website and Click Registration: Navigate to the standen official website and select the registration option.
2. Personal Information Entry: Fill out the required personal details, including name, email, and phone number.
3. Choose Account Type: Select the desired account type from the available options.
4. Set Trading Preferences: Indicate your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the necessary identification and proof of residence documents.
6. Account Verification: Wait for the verification process to be completed by standen.
7. Fund Your Account: Once approved, deposit the minimum required amount to activate your account.
8. Start Trading: Begin trading by logging into your account.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, though mobile users may find it more streamlined.

Common Registration Issues and Solutions

• Issue: Document upload errors.
• Solution: Ensure documents are clear and in the correct format (PDF, JPG).
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• The average account approval time is between 1 to 3 business days, depending on document verification.

How to Upgrade/Downgrade Account Types

• Traders can typically request an upgrade or downgrade through their account management section or by contacting customer support.

Part 5: standen Demo Account Information

standen Demo Account Guide

• Demo Account Features and Benefits:

• Access to a risk-free trading environment

• Ability to practice strategies without financial risk

• Virtual balance typically set at $10,000

• How to Open a Demo Account:

• Visit the standen website and select the demo account option.

• Fill in the required information and create your demo account.

• Demo Account Limitations:

• Virtual funds only, no real trading profits

• Limited duration based on broker policies

• Virtual Balance Amount:

• Generally set at $10,000 for practice purposes.

• Demo vs Live Account Differences:

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

• Live accounts may incur commissions and fees, whereas demo accounts do not.

• Duration/Expiry of Demo Accounts:

• Demo accounts may expire after a set period, often 30 days, but this can vary by broker.

Part 6: standen Islamic Account (if available)

standen Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Yes, standen offers swap-free accounts compliant with Sharia law.

• Eligibility Requirements:

• Must be a Muslim trader seeking to avoid interest (swaps).

• Differences from Standard Accounts:

• Islamic accounts do not incur swap fees, making them suitable for long-term positions.

• How to Apply for Islamic Account:

• Select the Islamic account option during the registration process or contact customer support for assistance.

• Restrictions or Special Conditions:

• May have limitations on certain trading strategies or instruments to comply with Islamic finance principles.

FAQs – standen Account Types & Opening

1. What account types does standen offer？

• Standen offers Standard STP, Raw ECN, Pro, Islamic, and Demo accounts.

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

• Standard STP: $100, Raw ECN: $500, Pro: $1,000, Islamic: $100, Demo: Virtual funds.

1. How long does standen account verification take？

• Verification typically takes 1 to 3 business days.

1. Does standen offer demo accounts？

• Yes, standen provides demo accounts for practice trading.

1. Can I have multiple account types with standen？

• Yes, traders can hold multiple account types.

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

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

1. What documents do I need to open a standen 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.