Starwood broker Accounts

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

Part 1: starwood Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:500
• Key Features: Access to all trading instruments, educational resources, and customer support.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Low spreads starting from 0.1 pips with a commission of $5 per lot.
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution speeds, and lower trading costs.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 0.5 pips with a commission of $3 per lot.
• Leverage Options: Up to 1:100
• Key Features: Advanced trading tools, priority customer service, and higher leverage.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

1. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, depending on the chosen type.
• Leverage Options: Up to 1:200
• Key Features: Swap-free trading to comply with Islamic law.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000)
• Spread/Commission Structure: Same as Standard account.
• Leverage Options: Up to 1:500
• Key Features: Practice trading without risk, access to all trading instruments.
• Target User Profile: Beginners and those testing strategies.
• 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: starwood Account Features Comparison

Detailed starwood Account Features

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $500

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:100

• Islamic: 1:200

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: 1.5 pips

• ECN: 0.1 pips

• Pro: 0.5 pips

• Islamic: Varies

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $5 per lot

• Pro: $3 per lot

• Islamic: Varies

• Demo: None

• Lot Size:

• Standard: Micro (0.01)

• ECN: Mini (0.1) and Standard (1.0)

• Pro: Mini (0.1) and Standard (1.0)

• Islamic: Mini (0.1) and Standard (1.0)

• Demo: Micro (0.01)

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: Instant

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability: Yes, for Islamic Account type only.

• Swap-Free Options: Available for Islamic Account.

• Demo Account Features:

• Virtual balance of typically $10,000.

• Access to all trading instruments.

• No time limit on demo usage.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• Suitable for beginners.

• ECN Account:

• Tight spreads and low trading costs.

• Direct market access.

• Ideal for scalping strategies.

• Pro Account:

• Advanced trading features.

• Priority customer support.

• Higher leverage options.

• Islamic Account:

• Complies with Islamic law.

• No swap fees.

• Available for all trading instruments.

• Demo Account:

• Risk-free trading environment.

• Practice strategies without financial risk.

• Access to all trading features.

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.

• May not be suitable for casual traders.

• Islamic Account:

• Limited availability for swap-free options.

• May have higher spreads.

• Demo Account:

• Virtual funds do not reflect real market conditions.

• Limited duration for practice trading.

Part 3: starwood Account Registration Requirements

starwood Account Registration Requirements

• Eligibility Criteria:

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

• Geographic Restrictions: Availability may vary by country.

• Prohibited Countries: Specific countries may be restricted based on local regulations.

• Identity Verification Documents Needed:

• Government-issued ID (passport or drivers license).

• Proof of residence (utility bill or bank statement).

• KYC/AML Compliance Procedures:

• All accounts must comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.

• Verification of identity and address is mandatory.

• Verification Time Frames:

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

Part 4: starwood Account Opening Process

Step-by-Step starwood Account Opening Guide

1. Visit Website: Navigate to the starwood official website.
2. Click Registration: Locate and click on the registration button.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select the desired account type from the available options.
5. Set Trading Preferences: Specify your trading preferences and risk tolerance.
6. Document Upload: Upload required identity verification documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit the minimum required amount to activate your account.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• Desktop Registration: Full access to all features and account types.
• Mobile Registration: Streamlined process, may have limited features.

Common Registration Issues and Solutions

• Issue: Document upload failure.

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

• Issue: Account verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Contact customer support to request changes to your account type.

Part 5: starwood Demo Account Information

starwood Demo Account Guide

• Demo Account Features and Benefits:

• Practice trading with virtual funds.

• Access to all trading instruments and features.

• No financial risk involved.

• How to Open a Demo Account:

• Follow the same registration process as for a live account but select the demo option.

• Demo Account Limitations:

• Virtual funds may not reflect real market conditions.

• Limited duration for practice trading.

• Virtual Balance Amount:

• Typically set at $10,000 for practice.

• Demo vs Live Account Differences:

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

• Live accounts incur real trading costs and risks.

• Duration/Expiry of Demo Accounts:

• Demo accounts may expire after a certain period, typically 30-90 days.

Part 6: starwood Islamic Account Details

starwood Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, Islamic accounts are available.

• Eligibility Requirements:

• Must adhere to Islamic law regarding trading practices.

• Differences from Standard Accounts:

• No swap fees applied to overnight positions.

• May have different spread structures.

• How to Apply for Islamic Account:

• Select the Islamic account option during the registration process.

• Restrictions or Special Conditions:

• Must provide documentation confirming eligibility for an Islamic account.

FAQs – starwood Account Types & Opening

1. What account types does starwood offer？

• Starwood 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: $500, Demo: Virtual funds.

1. How long does starwood account verification take？

• Verification typically takes 1 to 3 business days.

1. Does starwood offer demo accounts？

• Yes, starwood offers demo accounts for practice trading.

1. Can I have multiple account types with starwood？

• Yes, you can have multiple account types, but they must be managed separately.

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

• Yes, starwood offers Islamic accounts that comply with Islamic law.

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