Streams broker Accounts

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

streams Account Types Explained

When considering trading with streams, it's essential to understand the various account types available. Each account type caters to different trading needs and profiles, from beginners to advanced traders. Below is a comprehensive overview of the streams 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: User-friendly interface, access to all trading instruments, and educational resources.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

2. 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 no dealing desk intervention.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, and indices.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads starting from 0.5 pips with a commission of $3 per lot.
• Leverage Options: Up to 1:300
• Key Features: Advanced trading tools, priority customer support, and tailored trading conditions.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to the Standard account but without swaps.
• Leverage Options: Up to 1:500
• Key Features: Compliant with Sharia law, no overnight interest charges.
• Target User Profile: Muslim traders seeking Sharia-compliant trading options.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard account.
• Leverage Options: Up to 1:500
• Key Features: Risk-free trading environment, access to all trading instruments, and educational resources.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

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 streams Account Features

Feature Comparison Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• User-friendly for beginners.

• Access to educational resources.

• Low minimum deposit.

• ECN Account:

• Tight spreads and low latency.

• Ideal for scalping strategies.

• Direct market access.

• Pro Account:

• Tailored conditions for professional traders.

• Lower commission fees.

• Advanced trading tools.

• Islamic Account:

• Compliant with Sharia law.

• No overnight interest fees.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Ideal for practice and strategy testing.

• Access to all trading instruments.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit.

• Commission fees can add up for frequent traders.

• Pro Account:

• High minimum deposit.

• More suited for experienced traders.

• Islamic Account:

• Limited to Muslim traders.

• May have fewer features compared to standard accounts.

• Demo Account:

• No real money involved.

• Limited to virtual funds.

streams Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries, but specific restrictions may apply based on local regulations.
• Prohibited Countries: Countries under international sanctions may be restricted.
• Identity Verification Documents Needed: Government-issued ID (passport or driver's license).
• Proof of Residence Requirements: Recent utility bill or bank statement.
• Additional Documentation for Professional Accounts: Proof of trading experience or financial statements may be required.

KYC/AML Compliance Procedures

• All users must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks during registration.
• Users may be required to submit additional documents if deemed necessary.

Verification Time Frames

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

Step-by-Step streams Account Opening Guide

Detailed Step-by-Step Registration Process

1. Visit the Website: Go to the streams official website.
2. Click Registration: Locate and click on the "Register" or "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 (Standard, ECN, Pro, Islamic, or Demo).
5. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
6. Document Upload: Upload required identification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit the minimum required amount to start trading.
9. Start Trading: Access your account and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar across desktop and mobile platforms, but mobile users may have a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Not receiving verification email.

• Solution: Check spam/junk folders or request a new verification email.

• Issue: Document upload errors.

• Solution: Ensure documents are clear and meet the required format.

Average Account Approval Time

• Most accounts are approved within 1 to 3 business days, depending on the volume of applications.

How to Upgrade/Downgrade Account Types

• Users can typically upgrade or downgrade their account type through the account settings or by contacting customer support.

streams Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment for practice.
• Access to all trading instruments available in live accounts.
• Ideal for testing strategies and familiarizing with the trading platform.

How to Open a Demo Account

• Follow the same registration steps as for live accounts, selecting "Demo Account" as the account type.

Demo Account Limitations

• Limited to virtual funds and cannot be used for real trading.
• May have a time limit for usage (usually 30 to 90 days).

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $10,000 or more, depending on the platform.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Trading conditions may differ slightly in terms of execution speed and spreads.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after a set period, often between 30 to 90 days, unless extended by the broker.

streams Islamic Account Details

Swap-Free/Islamic Account Availability

• streams offers Islamic accounts that comply with Sharia law, providing a swap-free trading experience.

Eligibility Requirements

• Must be a Muslim trader to qualify for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur overnight interest charges, making them suitable for long-term trading.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process and provide necessary documentation.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions that differ from standard accounts, such as limited trading instruments.

FAQs – streams Account Types & Opening

1. What account types does streams offer？

• streams 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: $100, Demo: N/A.

1. How long does streams account verification take？

• Verification typically takes 1 to 3 business days.

1. Does streams offer demo accounts？

• Yes, streams provides demo accounts for practice.

1. Can I have multiple account types with streams？

• Yes, users can open multiple account types.

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

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

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

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

1. Can I change my account type after registration？

• Yes, users can upgrade or downgrade their account types through account settings or customer support.