Syneco broker Accounts

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

Part 1: syneco Account Types Overview

syneco Account Types Explained

Syneco offers several account types tailored to different trading needs and preferences. Below is a detailed overview of each account type available:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:500
• Key Features: User-friendly platform, access to educational resources
• Target User Profile: Beginners and intermediate traders
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

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

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Tight spreads with lower commissions
• Leverage Options: Up to 1:100
• Key Features: Professional trading tools, dedicated account manager
• Target User Profile: Professional and institutional traders
• Trading Instruments Available: Forex, commodities, indices, stocks

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 in compliance with Sharia law
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Same as Standard Account
• Key Features: Practice trading without risk, access to all trading instruments
• Target User Profile: Beginners and those testing strategies
• Trading Instruments Available: Forex, commodities, indices

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: syneco Account Features Comparison

Detailed syneco Account Features

The following features are compared across different syneco account types:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:100

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: 1.0 pips

• ECN: 0.1 pips

• Pro: Tight spreads

• Islamic: 1.0 pips

• Demo: 1.0 pips

• Commission Fees:

• Standard: None

• ECN: Yes (variable)

• Pro: Lower commissions

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: 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: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• All accounts can be converted to Islamic accounts.

• Demo Account Features:

• Virtual funds for practice, access to all trading instruments.

Advantages of Each Account Type

• Standard Account:

• Easy to set up

• Low minimum deposit

• Access to educational resources

• Suitable for beginners

• ECN Account:

• Low spreads

• Direct market access

• Ideal for scalpers

• Fast execution speeds

• Pro Account:

• Professional trading tools

• Dedicated support

• Lower trading costs

• Suitable for institutional traders

• Islamic Account:

• Compliant with Sharia law

• No swap fees

• Accessible to Muslim traders

• Demo Account:

• Risk-free trading

• Practice strategies

• Familiarize with the platform

• No time limit on practice

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited features for advanced trading

• ECN Account:

• Higher minimum deposit

• Commission fees may apply

• Pro Account:

• High minimum deposit

• More complex for beginners

• Islamic Account:

• Limited to Muslim traders

• May have restrictions on certain instruments

• Demo Account:

• No real money trading

• Limited duration for practice (if applicable)

Part 3: syneco Account Opening Requirements

syneco Account Registration Requirements

To open a syneco account, the following eligibility criteria and documentation are required:

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.

• Geographic Restrictions: Available in most countries, but specific regions may be restricted.

• Prohibited Countries: Countries under sanctions or restrictions may not be eligible.

• Identity Verification Documents Needed:

• Government-issued ID (passport or national ID)

• Proof of address (utility bill or bank statement)

• Proof of Residence Requirements:

• Recent document showing your name and address.

• Additional Documentation for Professional Accounts:

• Business registration documents (if applicable)

• Proof of professional trading experience

• KYC/AML Compliance Procedures:

• All accounts are subject to Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.

• Verification Time Frames:

• Account verification typically takes 1-3 business days.

Part 4: syneco Account Opening Process

Step-by-Step syneco Account Opening Guide

To register for a syneco account, follow these steps:

1. Visit Website and Click Registration: Go to the syneco homepage and click on the "Register" button.
2. Personal Information Entry: Fill in your personal details such as name, email, and phone number.
3. Choose Account Type: Select the type of account you wish to open (Standard, ECN, Pro, Islamic).
4. Set Trading Preferences: Indicate your trading preferences and risk profile.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the account to be verified by syneco.
7. Fund Your Account: Deposit the minimum required amount to start trading.
8. 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, with slight variations in the user interface.

Common Registration Issues and Solutions

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

Average Account Approval Time

• Typically, account approval takes 1-3 business days, depending on the completeness of the submitted documents.

How to Upgrade/Downgrade Account Types

• To change your account type, contact syneco customer support for guidance on the process.

Part 5: syneco Demo Account Information

syneco Demo Account Guide

• Demo Account Features and Benefits:

• Allows traders to practice without financial risk.

• Access to the same trading instruments as live accounts.

• Ideal for testing strategies and familiarizing with the platform.

• How to Open a Demo Account:

• Follow the same registration process and select the demo account option.

• Demo Account Limitations:

• Limited to virtual funds, no real trading.

• Virtual Balance Amount:

• Typically set at $10,000 in virtual funds.

• Demo vs Live Account Differences:

• Demo accounts use virtual money; live accounts involve real funds and trading conditions.

• Duration/Expiry of Demo Accounts:

• Demo accounts may have a time limit (e.g., 30 days) but can often be extended upon request.

Part 6: syneco Islamic Account Details

syneco Islamic Account Details

• Swap-Free/Islamic Account Availability:

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

• Eligibility Requirements:

• Must be a Muslim trader.

• Differences from Standard Accounts:

• No swap fees applied on overnight positions.

• How to Apply for Islamic Account:

• During the registration process, select the Islamic account option.

• Restrictions or Special Conditions:

• Must adhere to Islamic trading principles.

FAQs – syneco Account Types & Opening

1. What account types does syneco offer？

• Syneco 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 syneco account verification take？

• Account verification typically takes 1-3 business days.

1. Does syneco offer demo accounts？

• Yes, syneco provides demo accounts for practice trading.

1. Can I have multiple account types with syneco？

• Yes, you can have multiple account types, but you need to manage them separately.

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

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

1. What documents do I need to open a syneco 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.