What Account Types and Fees Does Shenzhou Capital Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, access to basic trading tools |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage, lower spreads |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Custom trading solutions, dedicated account management |
Requires corporate documentation |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free trading |
Must apply with supporting documentation |
| Demo Account |
All traders |
Practice trading with virtual funds |
No capital requirement, ideal for testing strategies |
Account Opening Process
To open an account with Shenzhou Capital, traders must follow a straightforward process. First, they need to submit personal information, including their name, contact details, and date of birth. Next, employment information such as occupation and employer details is required, along with financial information regarding trading experience and investment goals. Identity verification is mandatory, requiring submission of a valid ID and proof of address. Once the account is opened, traders can enjoy flexibility, including the option to upgrade to a professional account as their trading needs evolve.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive spreads for trading |
| CFDs (Indices) |
1.5 |
$5 |
Varied spreads based on market conditions |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market volatility |
| CFDs (Commodities) |
2.0 |
$5 |
Stable spreads for popular commodities |
Other Fees
Shenzhou Capital also has various fees that traders should be aware of. For deposits and withdrawals, there may be fees associated with certain payment methods. An inactivity fee applies if an account remains dormant for an extended period. Additionally, there may be platform usage fees, especially for advanced trading tools or features. Overnight interest, also known as swap rates, will be charged or credited based on the positions held overnight. Lastly, currency conversion fees may apply for trades involving different currencies.
