NEW TICK broker Accounts

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

new tick Account Types Explained

new tick offers several account types to cater to different trading needs and experience levels. Below is an overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:500
• Key Features:
• Access to a variety of trading instruments
• Suitable for beginners and intermediate traders
• Target User Profile: Beginner to intermediate traders
• Trading Instruments Available: Forex, commodities, indices

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips with a commission of $3 per lot
• Leverage Options: Up to 1:200
• Key Features:
• Direct market access
• Faster execution speeds
• Ideal for scalpers and high-frequency traders
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads starting from 1.0 pip
• Leverage Options: Up to 1:100
• Key Features:
• Enhanced trading conditions
• Dedicated account manager
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features:
• Swap-free trading
• Compliant with Islamic finance principles
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Same as Standard Account
• Key Features:
• Practice trading without risk
• Access to all trading instruments
• Target User Profile: Beginner traders and those testing strategies
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed new tick Account Features

Feature Comparison Across Different Account Types

Advantages of Each Account Type

• Standard Account:
• Low minimum deposit
• Suitable for beginners
• Access to various trading instruments
• ECN Account:
• Tight spreads and low commissions
• Ideal for scalping
• Direct access to market liquidity
• Pro Account:
• Enhanced trading conditions
• Dedicated support
• Fixed spreads for easier planning
• Islamic Account:
• Compliant with Islamic finance
• No swap fees
• Demo Account:
• Risk-free environment to practice
• Access to all features of live accounts

Disadvantages of Each Account Type

• Standard Account:
• Higher spreads compared to ECN
• ECN Account:
• Higher minimum deposit
• Commission fees may add up
• Pro Account:
• Higher minimum deposit
• Limited leverage options
• Islamic Account:
• Limited to Muslim traders
• Demo Account:
• No real profits can be made
• Limited duration for practice

new tick Account Registration Requirements

Eligibility Criteria

• Age Requirements: Minimum age of 18 years
• Geographic Restrictions: Available in most countries, but may be restricted in certain jurisdictions
• Prohibited Countries: Specific countries may be restricted due to regulatory requirements (details not provided)

Identity Verification Documents Needed

• Proof of Identity: Government-issued ID (passport, drivers license)
• Proof of Residence: Utility bill, bank statement, or lease agreement

Additional Documentation for Professional Accounts

• Financial statements or proof of trading experience may be required.

KYC/AML Compliance Procedures

• All accounts must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks as part of the registration process.

Verification Time Frames

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

Step-by-Step new tick Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Go to the new tick website and click on the registration button.
2. Personal Information Entry: Fill in your personal details including name, email, and phone number.
3. Choose Account Type: Select the account type that best suits your trading needs.
4. Set Trading Preferences: Indicate your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the account to be verified by the new tick team.
7. Fund Your Account: Deposit the minimum required amount to start trading.
8. Start Trading: Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile, but the mobile interface may have some variations in layout and navigation.

Common Registration Issues and Solutions

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

Average Account Approval Time

• Typically, account approval takes between 1-3 business days.

How to Upgrade/Downgrade Account Types

• Account types can be changed by contacting customer support and providing the necessary documentation for the new account type.

new tick Demo Account Guide

Demo Account Features and Benefits

• The demo account allows traders to practice trading strategies without any financial risk.
• Users can access all trading instruments available in live accounts.

How to Open a Demo Account

• Visit the new tick website and select the option to open a demo account. Follow the registration process similar to opening a live account.

Demo Account Limitations

• Demo accounts may have a limited duration or virtual balance amount.

Virtual Balance Amount

• The demo account typically comes with a virtual balance of $10,000 or more, depending on the broker's policy.

Demo vs Live Account Differences

• Demo accounts do not allow for real profits, while live accounts involve actual trading with real money.

Duration/Expiry of Demo Accounts

• Demo accounts may expire after a certain period, usually 30 days, unless extended by the broker.

new tick Islamic Account Details

Swap-Free/Islamic Account Availability

• new tick offers Islamic accounts that comply with Sharia law, allowing for trading without incurring swap fees.

Eligibility Requirements

• Must be a Muslim trader to qualify for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for long-term positions.

How to Apply for Islamic Account

• Apply through the registration process and select the Islamic account option.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions that differ from standard accounts.

FAQs – new tick Account Types & Opening

1. What account types does new tick offer？

• new tick 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 new tick account verification take？

• Verification typically takes 1-3 business days.

1. Does new tick offer demo accounts？

• Yes, new tick offers demo accounts for practice trading.

1. Can I have multiple account types with new tick？

• Yes, you can have multiple account types, subject to the broker's policies.

1. Does new tick offer Islamic/swap-free accounts？

• Yes, new tick offers Islamic accounts that are swap-free.

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

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, account types can be changed by contacting customer support.