Sunny broker Accounts

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

sunny Account Types Explained

Account Types Overview

The sunny trading platform offers various account types tailored to different trading needs and preferences. Below is a detailed overview of the available account types:

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 sunny Account Features

Account Features Comparison

The following table compares key features across different sunny account types:

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit
• Suitable for beginners
• Access to educational resources
• Disadvantages:
• Higher spreads compared to ECN
• Limited advanced trading tools

ECN Account

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

Pro Account

• Advantages:
• Fixed spreads
• Advanced trading tools
• Dedicated support
• Disadvantages:
• High minimum deposit
• Not suitable for beginners

Islamic Account

• Advantages:
• Compliant with Islamic finance principles
• No swap fees
• Disadvantages:
• Limited availability of advanced features

Demo Account

• Advantages:
• Risk-free trading
• Practice with virtual funds
• Disadvantages:
• Limited to practice only
• No real market exposure

sunny Account Registration Requirements

Eligibility Criteria

• Age Requirements: Minimum age of 18 years.
• Geographic Restrictions: Availability may vary by region; check local regulations.
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.
• 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

• Complete the Know Your Customer (KYC) process by submitting required documents.
• Anti-Money Laundering (AML) checks will be conducted during the verification process.

Verification Time Frames

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

Step-by-Step sunny Account Opening Guide

Registration Process

1. Visit Website: Go to the sunny trading platform website.
2. Click Registration: Locate 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 best suits your trading needs.
5. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
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: Begin trading once your account is funded and verified.

Desktop vs Mobile Registration Differences

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

Common Registration Issues and Solutions

• Issue: Document upload failures.

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

• Issue: Delays in verification.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• The average account approval time is between 1-3 business days, depending on document verification.

How to Upgrade/Downgrade Account Types

• To change account types, contact customer support or follow the instructions in your account settings.

sunny Demo Account Guide

Demo Account Features and Benefits

• Features:

• Access to all trading instruments.

• Practice trading strategies without financial risk.

• Benefits:

• Ideal for beginners to learn trading without pressure.

• Allows testing of trading platforms and tools.

How to Open a Demo Account

• Visit the sunny website and select the demo account option.
• Fill out the registration form and submit.

Demo Account Limitations

• Limited to virtual funds; cannot be used for real trading.
• May have a time limit on usage.

Virtual Balance Amount

• Typically offers a virtual balance of $10,000 or more for practice.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money trading.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity.

sunny Islamic Account Details

Swap-Free/Islamic Account Availability

• Availability: Islamic accounts are available for traders who comply with Sharia law.

Eligibility Requirements

• Must provide documentation confirming the need for a swap-free account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, aligning with Islamic finance principles.

How to Apply for Islamic Account

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

Restrictions or Special Conditions

• May have specific trading conditions or limitations compared to standard accounts.

FAQs – sunny Account Types & Opening

1. What account types does sunny offer？

• sunny 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 sunny account verification take？

• Verification typically takes 1-3 business days.

1. Does sunny offer demo accounts？

• Yes, sunny offers demo accounts for practice trading.

1. Can I have multiple account types with sunny？

• Yes, you can have multiple account types.

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

• Yes, sunny offers Islamic accounts.

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

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

1. Can I change my account type after registration？

• Yes, you can change your account type by contacting customer support.