Sunidhi broker Accounts

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

sunidhi Account Types Explained

Sunidhi Securities offers a variety of account types tailored to meet the needs of different traders. Below is a comprehensive overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: ₹250
• Spread/Commission Structure: Variable spreads starting from 0.5%
• Leverage Options: Up to 1:50
• Key Features: Basic trading tools, access to major markets, and educational resources.
• Target User Profile: Beginners looking to start trading with minimal investment.
• Trading Instruments Available: Stocks, commodities, and currencies.

2. ECN Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Low spreads starting from 0.1% plus a commission of ₹20 per trade.
• Leverage Options: Up to 1:100
• Key Features: Direct market access, faster execution, and lower trading costs.
• Target User Profile: Intermediate to advanced traders who prefer direct market access.
• Trading Instruments Available: Forex, commodities, and indices.

3. Pro Account

• Minimum Deposit Requirement: ₹25,000
• Spread/Commission Structure: Fixed spreads starting from 0.2% with lower commission rates.
• Leverage Options: Up to 1:200
• Key Features: Advanced trading tools, priority customer support, and personalized trading strategies.
• Target User Profile: Experienced traders and professionals.
• Trading Instruments Available: Comprehensive range including forex, stocks, and ETFs.

4. Islamic Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Similar to Standard or ECN accounts but swap-free.
• Leverage Options: Up to 1:100
• Key Features: No swap fees, compliant with Sharia law.
• Target User Profile: Muslim traders seeking compliance with Islamic finance principles.
• Trading Instruments Available: Forex and commodities.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance of ₹1,000,000
• Spread/Commission Structure: Same as live accounts.
• Leverage Options: Same as live accounts.
• Key Features: Practice trading without risk, access to all trading tools.
• Target User Profile: Beginners and experienced traders looking to test strategies.
• Trading Instruments Available: All instruments available in live accounts.

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 Users: Demo Account

Detailed sunidhi Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• Low entry barrier

• Educational resources available

• Access to major markets

• ECN Account:

• Direct market access

• Lower trading costs

• Faster execution speeds

• Pro Account:

• Advanced trading tools

• Personalized support

• Higher leverage options

• Islamic Account:

• Compliance with Islamic finance

• No swap fees

• Access to major trading instruments

• Demo Account:

• Risk-free trading environment

• Practice strategies

• Familiarization with trading platforms

Disadvantages of Each Account Type

• Standard Account:

• Limited advanced features

• Higher spreads compared to ECN

• ECN Account:

• Higher minimum deposit requirement

• Commission fees apply

• Pro Account:

• Higher minimum deposit

• More complex for beginners

• Islamic Account:

• Limited to specific trading instruments

• Higher minimum deposit compared to Standard

• Demo Account:

• No real profits

• Limited duration for practice

sunidhi Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Open to residents of India and select countries.
• Prohibited Countries: Specific countries may be restricted based on regulatory guidelines.
• Identity Verification Documents Needed:
• Government-issued ID (Aadhaar, Passport, etc.)
• PAN Card
• Proof of Residence Requirements:
• Utility bill
• Bank statement
• Additional Documentation for Professional Accounts: May require business registration documents.

KYC/AML Compliance Procedures

• Complete the KYC process by submitting identity and address proof.
• Verification of documents must be done by authorized personnel.

Verification Time Frames

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

Step-by-Step sunidhi Account Opening Guide

Registration Process

1. Visit Website: Go to the Sunidhi Securities website.
2. Click Registration: Select the account type you wish to open.
3. Personal Information Entry: Fill in your personal details including name, email, and phone number.
4. Choose Account Type: Select from Standard, ECN, Pro, Islamic, or Demo account.
5. Set Trading Preferences: Specify your trading preferences and risk tolerance.
6. Document Upload: Upload required documents for identity and address verification.
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 on both platforms, but mobile users may need to download the Sunidhi app for easier access.

Common Registration Issues and Solutions

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

Average Account Approval Time

• Account approval typically takes 1-3 business days.

How to Upgrade/Downgrade Account Types

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

sunidhi Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading.
• Access to all trading tools available in live accounts.

How to Open a Demo Account

• Sign up through the Sunidhi website or app and select the demo account option.

Demo Account Limitations

• Limited to virtual trading only; no real profits can be made.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of ₹1,000,000.

Demo vs Live Account Differences

• Demo accounts do not involve real money; live accounts require actual deposits.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for a limited time, often 30 days.

sunidhi Islamic Account Details

Swap-Free/Islamic Account Availability

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

Eligibility Requirements

• Must meet the minimum deposit requirement and provide necessary documentation.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process.

Restrictions or Special Conditions

• Islamic accounts may have limited trading instruments compared to standard accounts.

FAQs – sunidhi Account Types & Opening

1. What account types does sunidhi offer？

• Sunidhi offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: ₹250, ECN: ₹10,000, Pro: ₹25,000, Islamic: ₹10,000, Demo: Virtual ₹1,000,000.

1. How long does sunidhi account verification take？

• Verification typically takes 1-3 business days.

1. Does sunidhi offer demo accounts？

• Yes, Sunidhi offers demo accounts for practice trading.

1. Can I have multiple account types with sunidhi？

• Yes, you can open multiple account types as per your trading needs.

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

• Yes, Sunidhi provides Islamic accounts that are swap-free.

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

• Government-issued ID, PAN Card, and proof of residence.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.