SVK broker Accounts

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

Part 1: svk Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips, no commission
• Leverage Options: Up to 1:500
• Key Features: User-friendly interface, suitable for beginners
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Low spreads starting from 0.1 pips, $3 commission per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution speeds
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 0.5 pips, $2 commission per lot
• Leverage Options: Up to 1:100
• Key Features: Advanced trading tools, tailored for professional traders
• Target User Profile: Institutional and professional traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: Swap-free trading options
• Target User Profile: Traders following Islamic finance principles
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: Virtual funds provided
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:500
• Key Features: Risk-free environment to practice trading
• Target User Profile: Beginners and experienced traders testing strategies
• Trading Instruments Available: Forex, commodities, indices

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: Detailed svk Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:100

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: 1.5 pips

• ECN: 0.1 pips

• Pro: 0.5 pips

• Islamic: Same as Standard

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Mini, Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: N/A

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: N/A

• Demo Account Features:

• Virtual balance amount: $100,000

• Duration/expiry: 30 days

Advantages of Each Account Type

• Standard Account:

• Easy to use for beginners

• No commission fees

• High leverage options

• ECN Account:

• Low spreads

• Direct market access

• Suitable for scalping strategies

• Pro Account:

• Advanced trading tools

• Lower commission fees

• Tailored for professional traders

• Islamic Account:

• Complies with Islamic finance principles

• No swap fees

• Demo Account:

• Risk-free trading environment

• Ideal for practice and strategy testing

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Requires higher minimum deposit

• Commission fees may add up

• Pro Account:

• High minimum deposit

• Not suitable for beginners

• Islamic Account:

• Limited trading options compared to standard accounts

• Demo Account:

• Virtual funds may not reflect real trading conditions

• Limited duration

Part 3: svk Account Registration Requirements

Eligibility Criteria

• Age Requirements: Minimum age of 18 years
• Geographic Restrictions: Available in most countries, check specific restrictions
• Prohibited Countries: Countries under international sanctions or restrictions

Identity Verification Documents Needed

• Government-issued ID (passport, national ID)
• Proof of residence (utility bill, bank statement)

Additional Documentation for Professional Accounts

• Proof of income or trading experience may be required

KYC/AML Compliance Procedures

• Completion of Know Your Customer (KYC) verification
• Anti-Money Laundering (AML) checks

Verification Time Frames

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

Part 4: Step-by-Step svk Account Opening Guide

Registration Process

1. Visit Website: Go to the official svk website.
2. Click Registration: Find and click the registration 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 available.
5. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
6. Document Upload: Upload required identity verification documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds 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 may have additional security features like biometric authentication.

Common Registration Issues and Solutions

• Issue: Document upload failure

• Solution: Ensure documents are clear and in the correct format.

• Issue: Email verification not received

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

Average Account Approval Time

• Account approval typically takes 1-3 business days.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade, following their procedures.

Part 5: svk Demo Account Guide

Demo Account Features and Benefits

• Allows traders to practice without financial risk
• Access to the same trading platforms as live accounts

How to Open a Demo Account

• Follow the same registration steps but select the demo account option.

Demo Account Limitations

• Limited to virtual funds
• May expire after 30 days

Virtual Balance Amount

• Typically provides a virtual balance of $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 typically expire after 30 days unless extended.

Part 6: svk Islamic Account Details

Swap-Free/Islamic Account Availability

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

Eligibility Requirements

• Must adhere to Islamic finance principles.

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

• Must comply with Islamic trading guidelines.

FAQs – svk Account Types & Opening

1. What account types does svk offer？

• svk 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: Virtual funds.

1. How long does svk account verification take？

• Verification typically takes 1-3 business days.

1. Does svk offer demo accounts？

• Yes, svk provides demo accounts for practice trading.

1. Can I have multiple account types with svk？

• Yes, you can open multiple account types.

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

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

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

• A government-issued ID 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.