STC broker Accounts

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

stc Account Types Explained

STC (Saudi Telecom Company) offers a variety of account types tailored to meet the needs of different users, including individual traders and institutional clients. Below is an overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips, no commission.
• Leverage Options: Up to 1:500.
• Key Features: User-friendly interface, suitable for beginners.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips, commission applies.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, faster execution speeds.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Competitive spreads, commission-based.
• Leverage Options: Up to 1:300.
• Key Features: Advanced trading tools and analytics.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, stocks.

4. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or Pro accounts, but swap-free.
• Leverage Options: Up to 1:200.
• Key Features: Compliant with Sharia law, no interest fees.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities, indices.

5. 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: Risk-free environment to practice trading.
• Target User Profile: Beginners and traders 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

Detailed stc Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $500

• Demo: Virtual funds

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:300

• Islamic: Up to 1:200

• Demo: Up to 1:500

• Spreads:

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: Competitive

• Islamic: Similar to Standard

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: Yes

• Pro: Yes

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Micro, Mini, Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• 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 only.

• Swap-Free Options: Available for Islamic Account.

• Demo Account Features: Virtual trading environment with no risk.

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit
• No commission fees
• User-friendly interface
• Disadvantages:
• Higher spreads compared to ECN
• Limited advanced features

ECN Account

• Advantages:
• Tight spreads
• Fast execution
• Direct market access
• Disadvantages:
• Higher minimum deposit
• Commission fees apply

Pro Account

• Advantages:
• Advanced trading tools
• Competitive spreads
• Suitable for professional trading
• Disadvantages:
• High minimum deposit
• Commission fees apply

Islamic Account

• Advantages:
• Compliant with Sharia law
• No interest fees
• Disadvantages:
• Limited to specific trading conditions

Demo Account

• Advantages:
• Risk-free trading environment
• Practice strategies without financial risk
• Disadvantages:
• Virtual funds only
• Limited to practice, not real trading

stc Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of Saudi Arabia and select countries.
• Prohibited Countries: Specific countries may be restricted (details not provided).
• Identity Verification Documents Needed:
• National ID or passport.
• Proof of address (utility bill, bank statement).
• Proof of Residence Requirements: Recent documents showing your current address.
• Additional Documentation for Professional Accounts: Business registration documents may be required.

KYC/AML Compliance Procedures

• All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks as part of the registration process.

Verification Time Frames

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

Step-by-Step stc Account Opening Guide

Detailed Registration Process

1. Visit Website: Go to the official STC website.
2. Click Registration: Find and click on the registration button.
3. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
4. Choose Account Type: Select the account type that suits your trading needs.
5. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
6. Document Upload: Upload the required identity verification documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds into your account to start trading.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but the mobile interface may have simplified steps for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload errors.
• Solution: Ensure documents are in the correct format and within size limits.
• Issue: Delayed verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Users can contact customer support to request an upgrade or downgrade of their account type, subject to the new account's eligibility requirements.

stc Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment for practicing trading strategies.
• Offers access to the same trading platforms as live accounts.

How to Open a Demo Account

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

Demo Account Limitations

• Limited to virtual funds; cannot be used for real 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.

Duration/Expiry of Demo Accounts

• Demo accounts may expire after a certain period, typically 30-90 days, depending on the platform's policies.

stc Islamic Account Details

Swap-Free/Islamic Account Availability

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

Eligibility Requirements

• Must meet the standard account opening requirements and specify the need for an Islamic account during registration.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them compliant for Muslim traders.

How to Apply for Islamic Account

• Indicate the preference for an Islamic account during the registration process.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions and limitations on certain instruments.

FAQs – stc Account Types & Opening

1. What account types does stc offer？

• STC 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 stc account verification take？

• Verification typically takes 1-3 business days.

1. Does stc offer demo accounts？

• Yes, STC provides demo accounts for practice trading.

1. Can I have multiple account types with stc？

• Yes, users can have multiple account types, subject to eligibility.

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

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

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

• National ID or passport, proof of address, and any additional documents for professional accounts.

1. Can I change my account type after registration？

• Yes, account types can be changed by contacting customer support.