What Account Types and Fees Does SinoSound Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low spreads, user-friendly interface |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage, tighter spreads |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services, dedicated account manager |
Requires corporate documentation |
| Islamic Account |
Traders requiring Sharia-compliant options |
Swap-free trading conditions |
Available upon request, must meet criteria |
| Demo Account |
All trader levels |
No minimum deposit, practice without risk |
Ideal for testing strategies and platform |
Account Opening Process
To open an account with SinoSound, traders must follow a series of steps that involve submitting personal, employment, and financial information. This includes providing identity verification documents such as a government-issued ID and proof of address. The process is straightforward and designed to ensure compliance with regulatory standards. Additionally, traders have the flexibility to upgrade to a professional account later on, should their trading volume meet the necessary criteria.
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 pricing for minor pairs |
| CFDs (Gold) |
1.5 |
$0 |
Low trading costs on commodities |
| CFDs (Silver) |
2.0 |
$0 |
Accessible spreads for silver trading |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market volatility |
Other Fees
In addition to standard trading fees, SinoSound applies several other costs that traders should be aware of. There may be deposit and withdrawal fees, depending on the payment method chosen. Inactivity fees can apply if an account remains dormant for an extended period. While there are no platform usage fees, traders should consider potential overnight interest (swap rates) on positions held beyond a trading day, as well as any currency conversion fees that may be incurred during trading activities.
