Trading Accounts
Currently we only offer 2 types of accounts. VIP(ECN) and Pro(STP) accounts.
The Pro account is designed for general traders and offers a simple trading structure with no commission and higher spreads. It provides access to core markets such as forex, commodities, and indices, with higher leverage available.
The VIP account is designed for more active or experienced traders. It offers tighter spreads starting from 0.0 pips and access to a wider range of instruments, including forex, commodities, indices, stocks, and cryptocurrencies. However, a commission is charged per trade and leverage is lower compared to the Pro account.
In summary, the Pro account is simpler with no commission, while the VIP account provides tighter pricing and more market access for advanced trading needs.
A demo account allows you to practice trading in a risk-free environment using virtual funds. It is designed for testing strategies and learning how the platform works without any financial risk.
A real account, on the other hand, gives you access to live financial markets. You trade using your own funds, and your results reflect real profits and losses based on market conditions.
Our priority is to provide a secure trading experience. That is why we have a risk management system in place to ensure you cannot lose more than the funds you have deposited.
If your account balance becomes negative due to Stop Out or market volatility, the system will automatically adjust your balance by covering the negative amount and restoring it back to zero. This guarantees that your maximum risk is limited strictly to your deposited funds.
Unfortunately, we currently do not offer Cent or Micro accounts. At the moment, we only support Pro and VIP (ECN) account types. However, we are continuously working to improve our services and may introduce additional account types or upgrades in the future.
Unfortunately, No. You may keep your trading account inactive for more than 90 days and our system will automatically delete your trading account after 90 days of inactivity.
Yes, you may open up to three (3) accounts per account type. For example, you can have up to 3 VIP accounts and 3 Pro accounts.
We currently only offer USD accounts. You may deposit in any currency, and your funds will be converted into USD based on the exchange rate provided by the payment system you use.
An Islamic account is a trading account that is fully compliant with Shariah principles. It is designed for Muslim traders, allowing them to trade without paying or receiving any interest.
- No swap or overnight interest charges
- No interest-based fees
- Fully compliant with Shariah principles
Yes, Saracen Markets offers swap-free Islamic accounts. In fact, all accounts are provided with swap-free features, allowing clients to trade without interest charges.