Sunway broker Accounts

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

sunway Account Types Explained

Sunway offers a variety of account types tailored to different trading needs and expertise levels. Below is a comprehensive overview of the available account types, including their features, requirements, and target user profiles.

1. Standard Account

• Minimum Deposit Requirement: RM 500
• Spread/Commission Structure: Variable spreads starting from 1.5 pips, no commission.
• Leverage Options: Up to 1:100.
• Key Features: Ideal for beginners; user-friendly platform; access to educational resources.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, and indices.

2. ECN Account

• Minimum Deposit Requirement: RM 1,000
• Spread/Commission Structure: Tight spreads from 0.1 pips, commission of RM 10 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access; faster execution; suitable for high-frequency trading.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, and indices.

3. Pro Account

• Minimum Deposit Requirement: RM 5,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips, commission of RM 5 per lot.
• Leverage Options: Up to 1:500.
• Key Features: Enhanced trading conditions; priority customer service; advanced trading tools.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

4. Islamic Account

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

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Similar to Standard Account.
• Leverage Options: Up to 1:100.
• Key Features: Risk-free environment; practice trading strategies; access to all trading instruments.
• Target User Profile: Beginners and traders testing new strategies.
• Trading Instruments Available: Forex, commodities, and indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed sunway Account Features

Account Features Comparison

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 accounts.
• Limited advanced trading tools.

ECN Account

• Advantages:
• Tight spreads and fast execution.
• Suitable for high-frequency trading.
• Direct market access.
• Disadvantages:
• Higher minimum deposit.
• Commission fees apply.

Pro Account

• Advantages:
• Best trading conditions for professionals.
• Advanced trading tools and features.
• High leverage options.
• Disadvantages:
• High minimum deposit.
• Commission fees apply.

Islamic Account

• Advantages:
• Compliant with Islamic finance principles.
• No swap fees.
• Disadvantages:
• Limited to specific trading instruments.
• Higher minimum deposit than Standard Account.

Demo Account

• Advantages:
• Risk-free trading environment.
• Access to all trading instruments.
• Ideal for practice and strategy testing.
• Disadvantages:
• No real funds; cannot withdraw profits.
• Limited duration for use.

sunway Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of Malaysia and select countries.
• Prohibited Countries: Specific countries may be restricted due to regulatory compliance.
• Identity Verification Documents Needed:
• Government-issued ID (e.g., NRIC, passport).
• Proof of residence (utility bill, bank statement).
• 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.
• Verification may include background checks and source of funds verification.

Verification Time Frames

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

Step-by-Step sunway Account Opening Guide

Registration Process

1. Visit the Website: Go to the official Sunway trading platform.
2. Click Registration: Locate and click on the registration button.
3. Personal Information Entry: Fill in personal details including name, email, and phone number.
4. Choose Account Type: Select the desired account type from the available options.
5. Set Trading Preferences: Specify trading preferences and settings.
6. Document Upload: Upload required identity verification documents.
7. Account Verification: Wait for the account to be verified by Sunway.
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 mobile users may experience a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Documents not accepted.
• Solution: Ensure documents are clear and meet the specified requirements.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Most accounts are approved within 1-3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

• Users can request to change their account type through the customer support portal or account settings.

sunway Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments, risk-free trading environment, and educational resources.
• Benefits: Ideal for beginners to practice trading strategies without financial risk.

How to Open a Demo Account

• Visit the Sunway trading platform and select the demo account option. Follow the prompts to create an account.

Demo Account Limitations

• Demo accounts may have a limited duration and virtual balance.

Virtual Balance Amount

• Typically, demo accounts are funded with a virtual balance of RM 100,000.

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.

sunway Islamic Account Details

Swap-Free/Islamic Account Availability

• Sunway offers Islamic accounts that comply with Sharia law, ensuring no swap fees are charged.

Eligibility Requirements

• Applicants must declare their intention to open an Islamic account during the registration process.

Differences from Standard Accounts

• Islamic accounts have similar trading conditions but are swap-free.

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.

FAQs – sunway Account Types & Opening

1. What account types does sunway offer？

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

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

• Standard: RM 500, ECN: RM 1,000, Pro: RM 5,000, Islamic: RM 1,000, Demo: N/A.

1. How long does sunway account verification take？

• Verification typically takes 1-3 business days.

1. Does sunway offer demo accounts？

• Yes, Sunway provides demo accounts for practice trading.

1. Can I have multiple account types with sunway？

• Yes, users can open multiple accounts with different types.

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

• Yes, Sunway offers Islamic accounts that are compliant with Sharia law.

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

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

1. Can I change my account type after registration？

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