TANDEM broker Accounts

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

Part 1: tandem Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $50
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:500
• Key Features: Basic trading tools, access to all trading instruments
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads from 0.1 pips + $3 commission per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads
• Target User Profile: Experienced traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads starting from 0.5 pips + $2 commission per lot
• Leverage Options: Up to 1:100
• Key Features: Advanced trading tools, priority customer support
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, but swap-free
• Leverage Options: Up to 1:200
• Key Features: Complies with Sharia law, no interest fees
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000)
• Spread/Commission Structure: Same as live accounts
• Leverage Options: Same as live accounts
• Key Features: Practice trading without risk, access to all trading instruments
• Target User Profile: Beginners and experienced traders wanting to test strategies
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: Detailed tandem Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $50

• ECN: $500

• Pro: $1,000

• Islamic: $500

• Demo: Virtual funds

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:100

• Islamic: Up to 1:200

• Demo: Same as live accounts

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.1 pips

• Pro: From 0.5 pips

• Islamic: Similar to Standard/ECN

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Micro, Mini, Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Yes for Islamic Account

• No for others

• Swap-Free Options:

• Available for Islamic Account

• Not available for others

• Demo Account Features:

• Virtual trading environment

• Access to all trading instruments

• Same spreads and commissions as live accounts

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• Ideal for beginners

• Access to all trading instruments

• ECN Account:

• Low spreads

• Direct market access

• Suitable for high-frequency trading

• Pro Account:

• Advanced trading tools

• Lower commissions

• Priority support

• Islamic Account:

• Complies with Sharia law

• No interest fees

• Suitable for Muslim traders

• Demo Account:

• Risk-free trading

• Practice strategies

• Familiarize with trading platforms

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees apply

• Pro Account:

• Higher minimum deposit

• Not suitable for beginners

• Islamic Account:

• Limited availability

• May have restrictions on certain instruments

• Demo Account:

• No real money involved

• Limited trading duration

Part 3: tandem Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Not available in certain countries (specific countries not listed).
• Prohibited Countries: Specific countries may be restricted (not listed).
• Identity Verification Documents Needed:
• Government-issued ID (passport or driver's license)
• Social Security Number (for US residents)
• Proof of Residence Requirements:
• Utility bill or bank statement with your name and address
• Additional Documentation for Professional Accounts:
• Proof of trading experience or financial qualifications may be required.

KYC/AML Compliance Procedures

• All applicants must complete 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 the submitted documents.

Part 4: Step-by-Step tandem Account Opening Guide

Registration Process

1. Visit Website: Go to the official tandem website.
2. Click Registration: Find and click on the "Register" button.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).
5. Set Trading Preferences: Indicate trading preferences and leverage options.
6. Document Upload: Upload required identity verification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit the minimum required amount to activate your account.
9. Start Trading: Access your account and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with mobile offering a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Email verification not received.
• Solution: Check spam/junk folders or request a new verification email.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of your account type.

Part 5: tandem Demo Account Guide

Demo Account Features and Benefits

• Allows users to practice trading strategies without financial risk.
• Access to all trading instruments available in live accounts.
• Same spreads and commissions as live accounts.

How to Open a Demo Account

• Follow the same registration process as for a live account but select "Demo Account" as the account type.

Demo Account Limitations

• Limited to virtual funds (typically $10,000).
• May have a time limit for usage (usually 30 days).

Virtual Balance Amount

• Typically set at $10,000 for practice purposes.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.
• Demo accounts do not reflect real market conditions.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days of inactivity.

Part 6: tandem Islamic Account Details

Swap-Free/Islamic Account Availability

• Yes, tandem offers an Islamic account option that is swap-free.

Eligibility Requirements

• Must meet standard account opening requirements and indicate the need for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, aligning with Sharia law.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process.

Restrictions or Special Conditions

• May have limitations on certain trading instruments or strategies.

FAQs – tandem Account Types & Opening

1. What account types does tandem offer？

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

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

• Standard: $50, ECN: $500, Pro: $1,000, Islamic: $500, Demo: Virtual funds.

1. How long does tandem account verification take？

• Verification typically takes 1-3 business days.

1. Does tandem offer demo accounts？

• Yes, tandem provides demo accounts for practice trading.

1. Can I have multiple account types with tandem？

• Yes, you can open multiple account types.

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

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

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

• A 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.