STERLING FX broker Accounts

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

sterling fx Account Types Explained

Sterling FX offers various account types tailored to meet the needs of different traders. Below is an overview of the available account types, their features, and target user profiles.

1. Standard Account

• Minimum Deposit Requirement: £100
• Spread/Commission Structure: Spreads from 1.5 pips, no commission
• Leverage Options: Up to 1:200
• Key Features:
• Access to a wide range of currency pairs
• User-friendly trading platform
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Major and minor currency pairs

2. ECN Account

• Minimum Deposit Requirement: £500
• Spread/Commission Structure: Spreads from 0.1 pips, commission of £6 per round turn
• Leverage Options: Up to 1:100
• Key Features:
• Direct market access
• Faster execution speeds
• Target User Profile: Intermediate to advanced traders
• Trading Instruments Available: Major, minor, and exotic currency pairs

3. Pro Account

• Minimum Deposit Requirement: £1,000
• Spread/Commission Structure: Spreads from 0.5 pips, commission of £4 per round turn
• Leverage Options: Up to 1:100
• Key Features:
• Advanced trading tools and analytics
• Dedicated account manager
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Comprehensive range of currency pairs, commodities, and indices

4. Islamic Account

• Minimum Deposit Requirement: £500
• Spread/Commission Structure: Similar to Standard or ECN accounts, depending on preference
• Leverage Options: Up to 1:100
• Key Features:
• Swap-free trading
• Compliance with Sharia law
• Target User Profile: Muslim traders
• Trading Instruments Available: Major and minor currency pairs

5. Demo Account

• Minimum Deposit Requirement: Virtual balance of £10,000
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:200
• Key Features:
• Risk-free trading environment
• Access to all trading tools
• Target User Profile: Beginners wanting to practice trading strategies
• Trading Instruments Available: All instruments available in live accounts

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account, Demo Account
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account
• Muslim Traders: Islamic Account

Detailed sterling fx Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: £100

• ECN: £500

• Pro: £1,000

• Islamic: £500

• Demo: £0

• Maximum Leverage:

• Standard: 1:200

• ECN: 1:100

• Pro: 1:100

• Islamic: 1:100

• Demo: 1:200

• Spreads (Typical/Minimum):

• Standard: 1.5 pips

• ECN: 0.1 pips

• Pro: 0.5 pips

• Islamic: Varies

• Demo: 1.5 pips

• Commission Fees:

• Standard: None

• ECN: £6 per round turn

• Pro: £4 per round turn

• Islamic: Varies

• Demo: None

• Lot Size:

• Standard: Micro (0.01)

• ECN: Mini (0.1)

• Pro: Standard (1.0)

• Islamic: Varies

• Demo: Micro (0.01)

• Available Trading Platforms:

• All account types support MT4 and MT5 platforms.

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Available for all account types except Demo.

• Swap-Free Options:

• Offered for Islamic accounts.

• Demo Account Features:

• Virtual balance of £10,000.

• Access to all trading tools and instruments.

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

ECN Account

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

Pro Account

• Advantages:
• Advanced tools and analytics
• Lower commission fees
• Disadvantages:
• Higher minimum deposit

Islamic Account

• Advantages:
• Complies with Sharia law
• No swap fees
• Disadvantages:
• Limited availability for certain trading instruments

Demo Account

• Advantages:
• Risk-free trading
• Practice with real market conditions
• Disadvantages:
• Limited duration for practice

sterling fx Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries, but specific restrictions may apply.
• Prohibited Countries: Countries under international sanctions may be restricted.
• Identity Verification Documents Needed:
• Government-issued ID (passport or driver's license)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Recent documents showing your name and address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

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 sterling fx Account Opening Guide

Registration Process

1. Visit Website: Go to the sterling fx official website.
2. Click Registration: Locate and click the "Open Account" 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 options provided.
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 be completed.
8. Fund Your Account: Deposit funds into your new 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, though mobile may have a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are in the correct format and size.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

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

sterling fx Demo Account Guide

Demo Account Features and Benefits

• The demo account allows traders to practice without financial risk, using a virtual balance to simulate real trading conditions.

How to Open a Demo Account

• Follow the same registration process as for a live account, selecting the demo option during account type selection.

Demo Account Limitations

• The demo account may have a limited duration, typically expiring after 30 days of inactivity.

Virtual Balance Amount

• The demo account comes with a virtual balance of £10,000.

Demo vs Live Account Differences

• The demo account does not involve real money and is used solely for practice.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days of inactivity.

sterling fx Islamic Account Details

Swap-Free/Islamic Account Availability

• Sterling FX offers Islamic accounts that comply with Sharia law, allowing for swap-free trading.

Eligibility Requirements

• Traders must declare their need for an Islamic account and provide necessary documentation.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees and may have different commission structures.

How to Apply for Islamic Account

• Apply through the standard account registration process, selecting the Islamic account option.

Restrictions or Special Conditions

• Islamic accounts may have limitations on certain trading instruments.

FAQs – sterling fx Account Types & Opening

1. What account types does sterling fx offer？

• Sterling FX 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: £0.

1. How long does sterling fx account verification take？

• Verification typically takes 1-3 business days.

1. Does sterling fx offer demo accounts？

• Yes, sterling FX offers demo accounts with a virtual balance of £10,000.

1. Can I have multiple account types with sterling fx？

• Yes, you can open multiple account types.

1. Does sterling fx offer Islamic/swap-free accounts？

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

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

• You will need a government-issued ID and proof of address.

1. Can I change my account type after registration？

• Yes, you can request to change your account type through customer support.