Xinghai broker Accounts

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

Part 1: xinghai Account Types Overview

xinghai Account Types Explained

Xinghai offers several account types tailored to different trading needs and experiences. 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: Suitable for beginners, access to a wide range of trading instruments.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Low spreads starting from 0.1 pips plus a 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, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads starting from 0.5 pips with a lower commission.
• Leverage Options: Up to 1:100
• Key Features: Advanced trading tools, priority customer support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account but with no swap fees.
• Leverage Options: Up to 1:500
• Key Features: Complies with Islamic finance principles.
• Target User Profile: Muslim traders seeking swap-free trading.
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Reflects live account conditions.
• Leverage Options: Same as live accounts.
• Key Features: Risk-free environment to practice trading.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Same as live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: xinghai Account Features Comparison

Detailed xinghai Account Features

When comparing the features across different xinghai account types, consider the following aspects:

• 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

• Spreads (Typical/Minimum):

• Standard: 1.0 pips

• ECN: 0.1 pips

• Pro: 0.5 pips

• Islamic: 1.0 pips

• Commission Fees:

• Standard: None

• ECN: $5 per lot

• Pro: Lower commission

• Islamic: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Standard

• Islamic: 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

• Islamic Account Availability:

• Yes for Islamic Account

• No for others

• Swap-Free Options:

• Available for Islamic Account only.

• Demo Account Features:

• Virtual balance to practice trading without risk.

Advantages and Disadvantages of Each Account Type

• Standard Account:

• Advantages: Low minimum deposit, user-friendly.

• Disadvantages: Higher spreads compared to ECN.

• ECN Account:

• Advantages: Low spreads, fast execution.

• Disadvantages: Higher minimum deposit, commission fees.

• Pro Account:

• Advantages: Advanced tools, lower commissions.

• Disadvantages: Higher minimum deposit.

• Islamic Account:

• Advantages: Complies with Islamic finance.

• Disadvantages: Limited availability of features compared to Pro.

• Demo Account:

• Advantages: Risk-free practice, access to all instruments.

• Disadvantages: Limited duration, no real profits.

Part 3: xinghai Account Opening Requirements

xinghai Account Registration Requirements

To open a xinghai account, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to most countries; however, specific countries may be restricted.
• Prohibited Countries: Countries under international sanctions may be restricted from opening accounts.
• Identity Verification Documents Needed:
• Valid passport or national ID.
• Proof of residence (utility bill or bank statement).
• Proof of Residence Requirements: Must provide a document showing the current address.
• Additional Documentation for Professional Accounts: Proof of trading experience or financial status may be required.

KYC/AML Compliance Procedures

Xinghai adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all applicants to verify their identity and source of funds.

Verification Time Frames

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

Part 4: xinghai Account Opening Process

Step-by-Step xinghai Account Opening Guide

1. Visit Website and Click Registration: Go to the xinghai website and select the registration option.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type (Standard, ECN, etc.).
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
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, though mobile registration may have additional features for ease of use.

Common Registration Issues and Solutions

• Issue: Document rejection due to poor quality.
• Solution: Ensure documents are clear and legible before uploading.
• Issue: Delays in verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

Typically, account approval takes between 1 to 3 business days.

How to Upgrade/Downgrade Account Types

Account types can be changed by submitting a request through the client portal or contacting customer support for assistance.

Part 5: xinghai Demo Account Information

xinghai Demo Account Guide

• Demo Account Features and Benefits: Provides a risk-free environment to practice trading strategies with virtual funds.
• How to Open a Demo Account: Select the demo account option during the registration process.
• Demo Account Limitations: Limited duration and no real profits can be made.
• Virtual Balance Amount: Typically offers a virtual balance of $10,000 or more.
• Demo vs Live Account Differences: Demo accounts simulate live trading conditions but do not involve real money.
• Duration/Expiry of Demo Accounts: Usually valid for 30 days, after which it may need to be renewed.

Part 6: xinghai Islamic Account Details

xinghai Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, xinghai offers Islamic accounts that comply with Sharia law.
• Eligibility Requirements: Must be a Muslim trader; verification may be required.
• Differences from Standard Accounts: Islamic accounts do not incur swap fees and have similar features to standard accounts.
• How to Apply for Islamic Account: Select the Islamic account option during registration or contact customer support.
• Restrictions or Special Conditions: Must adhere to Islamic finance principles.

FAQs – xinghai Account Types & Opening

1. What account types does xinghai offer？

• Xinghai 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 xinghai account verification take？

• Verification typically takes 1 to 3 business days.

1. Does xinghai offer demo accounts？

• Yes, xinghai offers demo accounts for practice trading.

1. Can I have multiple account types with xinghai？

• Yes, it is possible to hold multiple account types.

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

• Yes, xinghai provides Islamic accounts that are swap-free.

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

• A valid passport, proof of residence, and any additional documents as required.

1. Can I change my account type after registration？

• Yes, account types can be changed by submitting a request through the client portal.