WANJIN broker Accounts

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

Part 1: wanjin Account Types Explained

Available Account Types

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

1. Standard Account

• Minimum Deposit: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips, no commission.
• Leverage Options: Up to 1:500.
• Key Features: Ideal for beginners, offers a user-friendly trading environment.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex, commodities, indices.

2. ECN Account

• Minimum Deposit: $500
• Spread/Commission Structure: Raw spreads starting from 0 pips, commission of $4 per side.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, suitable for high-frequency trading.
• Target User Profile: Experienced traders.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

3. Pro Account

• Minimum Deposit: $1,000
• Spread/Commission Structure: Variable spreads starting from 1 pip, commission of $3 per side.
• Leverage Options: Up to 1:300.
• Key Features: Enhanced trading conditions, priority customer support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, stocks.

4. Islamic Account

• Minimum Deposit: $100
• Spread/Commission Structure: Similar to Standard Account, but swap-free.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law, no interest charges.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit: Virtual balance (typically $10,000).
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading without risk, access to all trading tools.
• Target User Profile: All levels, especially beginners.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: wanjin Account Features Comparison

Detailed wanjin Account Features

The following features are compared across different account types:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual balance

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0 pips

• Pro: From 1 pip

• Islamic: From 1.5 pips

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $4 per side

• Pro: $3 per side

• Islamic: None

• Demo: None

• Lot Size (Micro/Standard):

• Standard: 0.01 lot

• ECN: 0.01 lot

• Pro: 0.01 lot

• Islamic: 0.01 lot

• Demo: 0.01 lot

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market execution

• ECN: ECN execution

• Pro: Market execution

• Islamic: Market execution

• Demo: Market execution

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Demo Account Features:

• Virtual trading environment, access to all trading tools, no risk.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly interface

• No commission fees

• ECN Account:

• Lower spreads

• Direct market access

• Suitable for scalping

• Pro Account:

• Enhanced trading conditions

• Priority support

• Suitable for high-volume trading

• Islamic Account:

• Complies with Sharia law

• No interest charges

• Flexible trading conditions

• Demo Account:

• Risk-free trading

• Practice with real market conditions

• Access to all trading tools

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited features for advanced traders

• ECN Account:

• Higher minimum deposit

• Commission fees apply

• Pro Account:

• Requires higher capital

• More complex trading conditions

• Islamic Account:

• Limited to swap-free options

• May have higher spreads

• Demo Account:

• Limited duration

• No real profit generation

Part 3: wanjin Account Registration Requirements

wanjin Account Registration Requirements

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

• Eligibility Criteria:

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

• Geographic Restrictions: Available to residents of most countries, but may exclude certain jurisdictions.

• Prohibited Countries: Specific countries may be restricted due to regulatory reasons.

• Identity Verification Documents Needed:

• Valid government-issued ID (passport or national ID).

• Proof of residence (utility bill or bank statement).

• Additional Documentation for Professional Accounts:

• Business registration documents (if applicable).

• Financial statements or proof of income.

• KYC/AML Compliance Procedures:

• Verification of identity and residence.

• Compliance with anti-money laundering regulations.

• Verification Time Frames:

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

Part 4: wanjin Account Opening Process

Step-by-Step wanjin Account Opening Guide

Follow these steps to open a wanjin account:

1. Visit Website and Click Registration: Go to the official WANJIN website and click on the registration link.
2. Personal Information Entry: Fill in your personal details such as name, email, and phone number.
3. Choose Account Type: Select the account type that best suits your trading needs.
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading platform.
5. Document Upload: Upload the required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to be completed.
7. Fund Your Account: Deposit the minimum required amount to activate your trading account.
8. Start Trading: Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but the mobile interface may have simplified navigation.

Common Registration Issues and Solutions

• Issue: Document upload failure.

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

• Issue: Delayed verification.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• The average approval time is 1-3 business days, depending on the completeness of the submitted documents.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of your account type, providing the necessary documentation if required.

Part 5: wanjin Demo Account Guide

wanjin Demo Account Features and Benefits

• Features: Access to the same trading platforms and tools as live accounts, with a virtual balance for practice.
• Benefits: Allows traders to practice without financial risk, test strategies, and familiarize themselves with the trading environment.

How to Open a Demo Account

• Visit the WANJIN website, select the demo account option, and complete the registration process.

Demo Account Limitations

• Limited duration (usually 30 days) and no real profits can be generated.

Virtual Balance Amount

• Typically, the demo account provides a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days, but can be extended upon request.

Part 6: wanjin Islamic Account Details

wanjin Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, available for all account types.
• Eligibility Requirements: Must declare the need for a swap-free account during registration.
• Differences from Standard Accounts: No interest charges applied, compliant with Sharia law.
• How to Apply for Islamic Account: Indicate the request during the account registration process.
• Restrictions or Special Conditions: Must adhere to Islamic finance principles, such as no interest or excessive risk.

FAQs – wanjin Account Types & Opening

1. What account types does wanjin offer？

• WANJIN 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 balance.

1. How long does wanjin account verification take？

• Verification typically takes 1-3 business days.

1. Does wanjin offer demo accounts？

• Yes, WANJIN offers demo accounts for practice trading.

1. Can I have multiple account types with wanjin？

• Yes, you can open multiple account types.

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

• Yes, swap-free accounts are available.

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

• A valid 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.