TCS broker Accounts

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

Part 1: tcs Account Types Overview

tcs Account Types Explained

TCS offers several account types tailored to different trading needs and experiences. Below is a detailed overview of each account type available:

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: tcs Account Features Comparison

Detailed tcs Account Features

The following table compares the features across different tcs account types:

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit
• Suitable for beginners
• Access to a variety of trading instruments
• Disadvantages:
• Higher spreads compared to ECN accounts
• Limited advanced features

ECN Account

• Advantages:
• Lower spreads and direct market access
• Suitable for scalping and high-frequency trading
• Disadvantages:
• Higher minimum deposit requirement
• Commission fees apply

Pro Account

• Advantages:
• Custom commission structure
• Advanced trading tools and support
• Disadvantages:
• High minimum deposit
• More suitable for experienced traders

Islamic Account

• Advantages:
• Compliant with Sharia law
• No swap fees
• Disadvantages:
• Limited to Muslim traders
• May have higher spreads

Demo Account

• Advantages:
• Risk-free trading environment
• Access to all trading instruments
• Disadvantages:
• Limited to virtual funds
• No real market exposure

Part 3: tcs Account Opening Requirements

tcs Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries, but specific restrictions may apply.
• Prohibited Countries: Countries under international sanctions may not be eligible.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID)
• Recent utility bill or bank statement for proof of residence
• Proof of Residence Requirements: Must provide documentation showing current address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Verification may include background checks and source of funds inquiries.

Verification Time Frames

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

Part 4: tcs Account Opening Process

Step-by-Step tcs Account Opening Guide

1. Visit Website and Click Registration: Navigate to the TCS official website and select the account registration option.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type based on trading needs.
4. Set Trading Preferences: Specify trading preferences, including leverage and trading instruments.
5. Document Upload: Upload required identity verification and proof of residence documents.
6. Account Verification: Wait for the account verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate the account.
8. Start Trading: Once the account is funded, begin trading on the selected platform.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile, but mobile users may have a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are in the correct format and within size limits.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, accounts are approved within 1-3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

• Users can request to upgrade or downgrade account types through customer support or the account management section on the website.

Part 5: tcs Demo Account Information

tcs Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment for practicing trading strategies.
• Access to all trading instruments available in live accounts.

How to Open a Demo Account

• Registration for a demo account can be completed on the TCS website, similar to a live account.

Demo Account Limitations

• Limited to virtual funds and does not provide real market exposure.

Virtual Balance Amount

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

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money and market conditions.

Duration/Expiry of Demo Accounts

• Demo accounts may expire after a set period, usually 30-90 days, but can often be renewed.

Part 6: tcs Islamic Account (if available)

tcs Islamic Account Details

Swap-Free/Islamic Account Availability

• TCS offers Islamic accounts that are compliant with Sharia law, allowing for trading without incurring swap fees.

Eligibility Requirements

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

Differences from Standard Accounts

• Islamic accounts do not incur swap fees and may have different spread structures.

How to Apply for Islamic Account

• Apply through the standard account opening process and select the Islamic account option.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions, such as restrictions on certain trading strategies.

FAQs – tcs Account Types & Opening

1. What account types does tcs offer？

• TCS 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 tcs account verification take？

• Verification typically takes 1-3 business days.

1. Does tcs offer demo accounts？

• Yes, TCS offers demo accounts for practice trading.

1. Can I have multiple account types with tcs？

• Yes, traders can open multiple account types based on their needs.

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

• Yes, TCS offers Islamic accounts that comply with Sharia law.

1. What documents do I need to open a tcs 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.