Winwood broker Accounts

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

winwood Account Types Explained

Winwood offers several account types tailored to meet the diverse needs of traders. Below is a detailed overview of each account type, including their features, requirements, and target user profiles.

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:500
• Key Features:
• Access to a wide range of trading instruments
• User-friendly interface suitable for beginners
• Target User Profile: Beginners and retail traders
• Trading Instruments Available: Forex, commodities, indices

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads from 0.0 pips + commission of $5 per lot
• Leverage Options: Up to 1:200
• Key Features:
• Direct market access
• Faster execution speeds
• Target User Profile: Experienced traders and scalpers
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 1.0 pip + lower commission
• Leverage Options: Up to 1:300
• Key Features:
• Advanced trading tools and analytics
• Dedicated account manager
• Target User Profile: Professional traders and institutional clients
• Trading Instruments Available: Forex, commodities, indices, stocks

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features:
• Swap-free trading
• Compliance with Sharia law
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features:
• Practice trading without risk
• Access to all trading instruments
• Target User Profile: Beginners and traders looking to test strategies
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

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

Detailed winwood Account Features

This section provides a comprehensive comparison of features across different winwood account types.

Features Comparison

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit
• User-friendly for beginners
• Wide range of instruments available
• Disadvantages:
• Higher spreads compared to ECN
• Limited advanced trading tools

ECN Account

• Advantages:
• Raw spreads and direct market access
• Suitable for scalping
• Fast execution speeds
• Disadvantages:
• Higher minimum deposit required
• Commission fees applicable

Pro Account

• Advantages:
• Advanced trading tools and analytics
• Lower commission rates
• Dedicated support
• Disadvantages:
• High minimum deposit
• More suitable for experienced traders

Islamic Account

• Advantages:
• Complies with Sharia law
• Swap-free trading
• Disadvantages:
• Limited to Muslim traders
• Similar features to Standard Account

Demo Account

• Advantages:
• No financial risk
• Full access to trading instruments
• Disadvantages:
• Virtual funds only
• Limited to practice trading

winwood Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries; specific restrictions may apply.
• Prohibited Countries: Not specified in the provided data.
• Identity Verification Documents Needed:
• Government-issued photo ID (passport, drivers license)
• Social Security Number (for U.S. residents)
• Proof of Residence Requirements: Recent utility bill or bank statement showing your name and address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

• Winwood adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring verification of identity and residence.

Verification Time Frames

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

Step-by-Step winwood Account Opening Guide

Registration Process

1. Visit Website: Go to the official winwood website.
2. Click Registration: Locate and click the "Open Account" 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 suits your trading needs.
5. Set Trading Preferences: Specify your trading preferences and leverage options.
6. Document Upload: Upload the required identity verification documents.
7. Account Verification: Wait for the account to be verified by winwood.
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 the mobile interface may have a simplified layout.

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.

How to Upgrade/Downgrade Account Types

• Users can request an upgrade or downgrade through their account management section or by contacting customer support.

winwood Demo Account Guide

Demo Account Features and Benefits

• The demo account allows traders to practice trading strategies without financial risk, using virtual funds.

How to Open a Demo Account

• Follow the same registration process as for a live account, but select the demo account option.

Demo Account Limitations

• The demo account is limited to virtual funds and does not allow for real trading.

Virtual Balance Amount

• The demo account typically comes with a virtual balance of $100,000.

Demo vs Live Account Differences

• The demo account uses virtual funds, while the live account involves real money trading.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for 30 days, but this can vary based on winwood's policies.

winwood Islamic Account Details

Swap-free/Islamic Account Availability

• Winwood offers an Islamic account that complies with Sharia law.

Eligibility Requirements

• Must be a Muslim trader to qualify for an Islamic account.

Differences from Standard Accounts

• Islamic accounts are swap-free and have similar features to Standard accounts.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process.

Restrictions or Special Conditions

• Islamic accounts may have specific conditions regarding trading instruments and leverage.

FAQs – winwood Account Types & Opening

1. What account types does winwood offer？

• Winwood 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 winwood account verification take？

• Verification typically takes 1-3 business days.

1. Does winwood offer demo accounts？

• Yes, winwood offers demo accounts for practice trading.

1. Can I have multiple account types with winwood？

• Yes, traders can open multiple account types.

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

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

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

• A government-issued photo 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.