TANAKA broker Accounts

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

tanaka Account Types Explained

Tanaka offers various account types tailored to meet the needs of different traders. Below is a comprehensive overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Ideal for beginners; access to all trading instruments.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access; lower spreads; suitable for scalping.
• Target User Profile: Advanced traders.
• Trading Instruments Available: Forex, commodities, indices.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 1.0 pip; commission of $2 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Enhanced trading conditions; priority customer support.
• Target User Profile: Professional traders.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to the Standard account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Compliant with Sharia law; no interest on overnight positions.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance of $10,000.
• Spread/Commission Structure: Same as the Standard account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free trading environment; practice trading strategies.
• Target User Profile: All trader levels.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginner: Standard Account
• Intermediate: ECN Account
• Advanced: Pro Account
• Muslim Traders: Islamic Account
• Practice: Demo Account

Detailed tanaka Account Features

Comparison of Features Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• User-friendly for beginners.

• Access to all trading instruments.

• ECN Account:

• Tight spreads for active traders.

• Direct market access.

• Ideal for scalping strategies.

• Pro Account:

• Enhanced trading conditions.

• Lower commission fees.

• Priority customer support.

• Islamic Account:

• Compliant with Islamic finance principles.

• No swap fees.

• Same features as Standard account.

• Demo Account:

• Risk-free environment for practice.

• Full access to trading instruments.

• Ideal for testing strategies.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit.

• Commission fees may add up for frequent traders.

• Pro Account:

• Higher minimum deposit.

• More suitable for experienced traders.

• Islamic Account:

• Limited to Muslim traders.

• Not available for all trading instruments.

• Demo Account:

• Virtual funds only.

• Limited duration for practice.

tanaka Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries; specific restrictions may apply.
• Prohibited Countries: Countries under international sanctions may be restricted.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID).
• Proof of address (utility bill or bank statement).
• Proof of Residence Requirements: Recent document showing current address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

• All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Verification of identity and address is mandatory.

Verification Time Frames

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

Step-by-Step tanaka Account Opening Guide

Detailed Step-by-Step Registration Process

1. Visit Website and Click Registration: Go to the Tanaka website and select the account type.
2. Personal Information Entry: Fill in personal details including name, email, and phone number.
3. Choose Account Type: Select the desired account type based on your trading needs.
4. Set Trading Preferences: Indicate your trading preferences and leverage options.
5. Document Upload: Upload required identification and proof of address documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile registration may offer a more streamlined experience with document uploads via camera.

Common Registration Issues and Solutions

• Issue: Document not accepted.
• Solution: Ensure documents are clear and meet the specified requirements.
• Issue: Delayed verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Most accounts are approved within 1 to 3 business days, depending on documentation.

How to Upgrade/Downgrade Account Types

• Traders can request changes through their account management portal or by contacting customer support.

tanaka Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments with virtual funds.
• Benefits: Ideal for practicing trading strategies without financial risk.

How to Open a Demo Account

• Visit the Tanaka website and select the demo account option. Follow the registration steps to create an account.

Demo Account Limitations

• Limited to virtual funds; cannot be used for real trading.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts involve real money trading.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity.

tanaka Islamic Account Details

Swap-Free/Islamic Account Availability

• Tanaka offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

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

Differences from Standard Accounts

• Islamic accounts do not incur swap fees on overnight positions.

How to Apply for Islamic Account

• Select the Islamic account option during registration and provide necessary documentation.

Restrictions or Special Conditions

• Islamic accounts may have limited trading instruments compared to standard accounts.

FAQs – tanaka Account Types & Opening

1. What account types does tanaka offer？

• Tanaka 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: $0.

1. How long does tanaka account verification take？

• Verification typically takes 1 to 3 business days.

1. Does tanaka offer demo accounts？

• Yes, Tanaka offers demo accounts for practice trading.

1. Can I have multiple account types with tanaka？

• Yes, traders can open multiple account types.

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

• Yes, Tanaka offers Islamic accounts compliant with Sharia law.

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

• Government-issued ID and proof of address are required.

1. Can I change my account type after registration？

• Yes, traders can request changes through their account management portal.