TBC Bank broker Accounts

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

tbc bank Account Types Explained

TBC Bank offers a variety of account types tailored to meet the needs of different customers, including personal, business, and specialized accounts. Below is an overview of the available account types:

1. Personal Accounts

• Standard Account

• Minimum Deposit: No minimum required.

• Spread/Commission Structure: Varies; typically low fees.

• Leverage Options: Up to 1:500.

• Key Features: Multi-currency support, online banking, and mobile banking.

• Target User Profile: Suitable for beginners and everyday users.

• Trading Instruments Available: Forex, commodities, and stocks.

• TBC Concept Account

• Minimum Deposit: 100 GEL.

• Spread/Commission Structure: Competitive spreads.

• Leverage Options: Up to 1:100.

• Key Features: Premium banking services, personalized banking experience.

• Target User Profile: Individuals seeking enhanced banking features.

• Trading Instruments Available: Forex, stocks, and mutual funds.

2. Business Accounts

• Business Account
• Minimum Deposit: 500 GEL.
• Spread/Commission Structure: Varies based on transaction volume.
• Leverage Options: Up to 1:100.
• Key Features: Tailored services for businesses, including payment processing.
• Target User Profile: Small to medium enterprises.
• Trading Instruments Available: Forex and corporate bonds.

3. Specialized Accounts

• TBC Islamic Account
• Minimum Deposit: 100 GEL.
• Spread/Commission Structure: No swap fees.
• Leverage Options: Up to 1:100.
• Key Features: Compliant with Islamic finance principles.
• Target User Profile: Muslim clients seeking Sharia-compliant banking.
• Trading Instruments Available: Forex and commodities.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Users: TBC Concept Account
• Business Users: Business Account
• Muslim Clients: TBC Islamic Account

Detailed tbc bank Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard Account: None

• TBC Concept Account: 100 GEL

• Business Account: 500 GEL

• Islamic Account: 100 GEL

• Maximum Leverage:

• Standard Account: Up to 1:500

• TBC Concept Account: Up to 1:100

• Business Account: Up to 1:100

• Islamic Account: Up to 1:100

• Spreads (Typical/Minimum):

• Standard Account: Variable

• TBC Concept Account: Competitive

• Business Account: Varies

• Islamic Account: No swap fees

• Commission Fees:

• Standard Account: Low fees

• TBC Concept Account: Competitive

• Business Account: Varies

• Islamic Account: None

• Lot Size:

• Standard Account: Micro

• TBC Concept Account: Mini

• Business Account: Standard

• Islamic Account: Mini

• Available Trading Platforms:

• Standard Account: MT4, MT5

• TBC Concept Account: Proprietary platform

• Business Account: MT4

• Islamic Account: MT4

• Execution Type:

• Standard Account: Market

• TBC Concept Account: Instant

• Business Account: Market

• Islamic Account: Market

• Islamic Account Availability:

• Standard Account: No

• TBC Concept Account: No

• Business Account: No

• Islamic Account: Yes

• Demo Account Features:

• All account types offer demo accounts for practice.

Advantages of Each Account Type

• Standard Account:

• Easy to open with no minimum deposit.

• Ideal for beginners.

• Access to multiple currencies.

• TBC Concept Account:

• Premium services with personalized banking.

• Competitive spreads.

• Enhanced customer support.

• Business Account:

• Tailored for business needs.

• Access to business loans and financing.

• Comprehensive online banking features.

• Islamic Account:

• Compliant with Islamic finance principles.

• No swap fees.

• Suitable for Muslim clients.

Disadvantages of Each Account Type

• Standard Account:

• Limited features compared to premium accounts.

• Higher spreads in some cases.

• TBC Concept Account:

• Higher minimum deposit compared to standard accounts.

• Limited to certain customer profiles.

• Business Account:

• Higher minimum deposit requirement.

• May have additional fees based on transaction volume.

• Islamic Account:

• Limited to specific trading instruments.

• Not available for all clients.

tbc bank Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Open to residents and non-residents, but some countries may be restricted.
• Prohibited Countries: Countries under international sanctions (e.g., Syria, Iran, North Korea).
• Identity Verification Documents Needed: Valid passport or national ID.
• Proof of Residence Requirements: Utility bill or bank statement showing your name and address.
• Additional Documentation for Professional Accounts: Business registration documents for business accounts.

KYC/AML Compliance Procedures

TBC Bank adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to provide necessary documentation for verification.

Verification Time Frames

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

Step-by-Step tbc bank Account Opening Guide

Detailed Registration Process

1. Visit Website: Go to the TBC Bank official website.
2. Click Registration: Find the registration button on the homepage.
3. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
4. Choose Account Type: Select the type of account you wish to open.
5. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
6. Document Upload: Upload the required identity and proof of residence documents.
7. Account Verification: Wait for the bank to verify your documents.
8. Fund Your Account: Once verified, deposit funds into your account.
9. Start Trading: Access your account and begin trading.

Desktop vs Mobile Registration Differences

• Desktop: Full registration process with document uploads.
• Mobile: Quick registration via the TBC Mobile Bank app, often requiring just a selfie for identity verification.

Common Registration Issues and Solutions

• Issue: Document rejection.

• Solution: Ensure all documents are clear and match the provided information.

• Issue: Delayed verification.

• Solution: Contact customer support for assistance.

Average Account Approval Time

Typically, account approval takes 1-3 business days, depending on the completeness of the application.

How to Upgrade/Downgrade Account Types

Clients can request changes to their account type through customer support, subject to the bank's terms and conditions.

tbc bank Demo Account Guide

Demo Account Features and Benefits

• Features: Practice trading with virtual funds, access to real market conditions.
• Benefits: Ideal for beginners to learn trading without financial risk.

How to Open a Demo Account

• Visit the TBC Bank website or app.
• Select the option for a demo account.
• Fill in the required information and start trading.

Demo Account Limitations

• Limited duration, typically 30 days.
• Virtual balance may not reflect real trading conditions.

Virtual Balance Amount

Demo accounts usually come with a virtual balance of 10,000 to 100,000 GEL.

Demo vs Live Account Differences

• Demo Account: Virtual funds, no financial risk.
• Live Account: Real funds, actual trading conditions.

Duration/Expiry of Demo Accounts

Demo accounts typically expire after 30 days of inactivity.

tbc bank Islamic Account Details

Swap-Free/Islamic Account Availability

TBC Bank offers a swap-free Islamic account compliant with Islamic finance principles.

Eligibility Requirements

Clients must declare their need for an Islamic account during the registration process.

Differences from Standard Accounts

Islamic accounts do not incur swap fees and are designed to comply with Sharia law.

How to Apply for Islamic Account

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

Restrictions or Special Conditions

Islamic accounts may have limitations on certain trading instruments and strategies.

FAQs – tbc bank Account Types & Opening

1. What account types does tbc bank offer？

• TBC Bank offers Standard, TBC Concept, Business, and Islamic accounts.

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

• Standard Account: None; TBC Concept Account: 100 GEL; Business Account: 500 GEL; Islamic Account: 100 GEL.

1. How long does tbc bank account verification take？

• Verification typically takes 1-3 business days.

1. Does tbc bank offer demo accounts？

• Yes, TBC Bank provides demo accounts for practice trading.

1. Can I have multiple account types with tbc bank？

• Yes, clients can open multiple account types as per their needs.

1. Does tbc bank offer Islamic/swap-free accounts？

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

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

• A valid passport or national ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, clients can request to upgrade or downgrade their account type through customer support.