DTI broker Accounts

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

Part 1: dti Account Types Overview

dti Account Types Explained

The Department of Trade and Industry (DTI) in the Philippines offers various account types for business registration. Heres a breakdown of the available account types:

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account
• Muslim Traders: Islamic Account
• All Levels: Demo Account for practice

Part 2: dti Account Features Comparison

Detailed dti Account Features

Comparison of Features Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• Beginner-friendly features

• Access to a variety of trading instruments

• ECN Account:

• Direct market access

• Lower spreads

• Suitable for high-frequency trading

• Pro Account:

• High leverage options

• Fixed spreads for better predictability

• Advanced trading tools

• Islamic Account:

• Compliant with Islamic finance principles

• No interest fees

• Suitable for Muslim traders

• Demo Account:

• Risk-free trading environment

• Ideal for practice and strategy testing

• Access to all trading instruments

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Commission fees may apply

• Requires a higher minimum deposit

• Pro Account:

• Higher minimum deposit

• Complexity may overwhelm beginners

• Islamic Account:

• Limited availability

• May have fewer features compared to standard accounts

• Demo Account:

• No real money involved

• Limited duration for practice

Part 3: dti Account Opening Requirements

dti Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Open to residents of the Philippines and foreign nationals authorized to do business.
• Prohibited Countries: Specific countries may be restricted; check DTI guidelines.
• Identity Verification Documents Needed: Valid government-issued ID (e.g., passport, drivers license).
• Proof of Residence Requirements: Utility bill or lease agreement confirming business address.
• Additional Documentation for Professional Accounts: May require business permits or additional identification.

KYC/AML Compliance Procedures

• Verification of identity and residency.
• Submission of required documents for compliance with anti-money laundering regulations.

Verification Time Frames

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

Part 4: dti Account Opening Process

Step-by-Step dti Account Opening Guide

1. Visit Website and Click Registration: Go to the DTI Business Name Registration System (BNRS) website.
2. Personal Information Entry: Fill in your personal details, including name, address, and contact information.
3. Choose Account Type: Select the type of account you wish to open (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Specify your trading preferences and any additional settings.
5. Document Upload: Upload the required identification and proof of residence documents.
6. Account Verification: Wait for the DTI to verify your documents and account information.
7. Fund Your Account: Once verified, fund your account using the available payment methods.
8. Start Trading: Begin trading once your account is funded and active.

Desktop vs Mobile Registration Differences

• Registration can be completed on both desktop and mobile devices, with similar processes.
• Mobile registration may have app-specific features for convenience.

Common Registration Issues and Solutions

• Issue: Document rejection due to poor quality.

• Solution: Ensure all documents are clear and legible before uploading.

• Issue: Name availability conflicts.

• Solution: Use the name availability tool on the DTI website to check before submission.

Average Account Approval Time

• Account approval typically takes 1-3 business days, depending on the volume of applications and document verification.

How to Upgrade/Downgrade Account Types

• Contact DTI customer support or use the account management section on the BNRS website to request changes.

Part 5: dti Demo Account Information

dti Demo Account Guide

Demo Account Features and Benefits

• Allows traders to practice without financial risk.
• Access to the same trading instruments as live accounts.
• Ideal for testing strategies and familiarizing oneself with the trading platform.

How to Open a Demo Account

• Visit the DTI BNRS website and select the demo account option.
• Fill out the registration form and submit it to receive access.

Demo Account Limitations

• Limited duration for use (typically 30-90 days).
• Virtual balance may not reflect real market conditions.

Virtual Balance Amount

• Usually set at a fixed amount (e.g., ₱100,000 virtual funds).

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Live accounts may have additional features and tools not available in demo accounts.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after a set period, requiring users to transition to a live account for continued trading.

Part 6: dti Islamic Account Details

dti Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available for traders who require compliance with Islamic finance principles.

Eligibility Requirements

• Must be a Muslim trader.
• Standard documentation required for account opening.

Differences from Standard Accounts

• Islamic accounts do not incur interest fees (swap-free).
• May have different trading conditions compared to standard accounts.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process on the DTI BNRS website.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions and restrictions based on compliance with Sharia law.

FAQs – dti Account Types & Opening

1. What account types does dti offer？

• dti offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: ₱200, ECN: ₱500, Pro: ₱1,000, Islamic: ₱200, Demo: Free.

1. How long does dti account verification take？

• Typically, account verification takes 1-3 business days.

1. Does dti offer demo accounts？

• Yes, dti offers demo accounts for practice trading.

1. Can I have multiple account types with dti？

• Yes, you can open multiple account types as per your trading needs.

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

• Yes, dti offers Islamic accounts that are compliant with Sharia law.

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

• A valid government-issued 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 through customer support.