TDS broker Accounts

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

tds Account Types Explained

When considering trading with TDS, understanding the various account types available is crucial. Each account type caters to different trading needs and profiles, allowing traders to select one that best fits their strategies and experience levels.

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Ideal for beginners; user-friendly interface.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

1. 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 for high-frequency trading.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads starting from 0.5 pips; commission of $2 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Advanced trading tools; priority customer support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and stocks.

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Compliant with Sharia law; no interest charges.
• Target User Profile: Traders seeking Sharia-compliant trading options.
• Trading Instruments Available: Forex, commodities.

1. Demo Account

• Minimum Deposit Requirement: Virtual balance of $10,000.
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free trading environment; practice strategies without financial risk.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: All instruments available in live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed tds Account Features

Feature Comparison Across Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual balance of $10,000

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:300

• Islamic: Up to 1:500

• Demo: Up to 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: From 0.5 pips

• Islamic: Similar to Standard

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: 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:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Demo Account Features:

• Virtual trading environment with no real money risk; access to all trading instruments.

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit.
• User-friendly for beginners.
• No commission fees.
• Disadvantages:
• Higher spreads compared to ECN.

ECN Account

• Advantages:
• Lowest spreads available.
• Direct market access.
• Suitable for high-frequency trading.
• Disadvantages:
• Higher minimum deposit.
• Commission fees apply.

Pro Account

• Advantages:
• Competitive spreads and low commissions.
• Advanced trading tools.
• Priority support.
• Disadvantages:
• Higher minimum deposit than Standard.

Islamic Account

• Advantages:
• Compliant with Sharia law.
• No swap fees.
• Disadvantages:
• Limited to specific trading instruments.

Demo Account

• Advantages:
• Risk-free trading experience.
• Ideal for practice and strategy testing.
• Disadvantages:
• No real money involved; may not reflect live trading conditions.

tds 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 drivers license).
• Proof of Residence Requirements: Utility bill or bank statement showing the current address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• TDS adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all traders to verify their identity and residence before account approval.

Verification Time Frames

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

Step-by-Step tds Account Opening Guide

Registration Process

1. Visit Website: Go to the TDS official website.
2. Click Registration: Locate and click on the "Register" or "Open Account" 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, etc.).
5. Set Trading Preferences: Specify trading preferences and leverage settings.
6. Document Upload: Upload required identity verification and proof of residence documents.
7. Account Verification: Wait for TDS to verify your documents.
8. Fund Your Account: Deposit the minimum required amount to activate your account.
9. Start Trading: Once funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, though the mobile interface may have simplified navigation.

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, account approval takes 1-3 business days, depending on the completeness of the submitted documentation.

How to Upgrade/Downgrade Account Types

• Traders can request an upgrade or downgrade through the account management section of the TDS platform or by contacting customer support.

tds Demo Account Guide

Demo Account Features and Benefits

• Provides a virtual balance to practice trading without financial risk.
• Access to all trading instruments available in live accounts.
• Ideal for beginners to learn trading strategies.

How to Open a Demo Account

• Follow the same registration steps as for a live account, selecting the demo option during the account type selection.

Demo Account Limitations

• Limited to virtual trading; no real profits or losses.
• May have a time limit on usage (typically 30 days).

Virtual Balance Amount

• Usually set at $10,000 for practice trading.

Demo vs Live Account Differences

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

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days of inactivity or upon reaching a specified usage limit.

tds Islamic Account Details

Swap-Free/Islamic Account Availability

• TDS offers Islamic accounts that comply with Sharia law, allowing traders to engage in trading without incurring interest charges.

Eligibility Requirements

• Traders must request an Islamic account during the registration process and may need to provide additional documentation.

Differences from Standard Accounts

• Islamic accounts do not have swap fees and may have specific trading conditions.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process or request it through customer support after opening a standard account.

Restrictions or Special Conditions

• Islamic accounts may have limitations on certain trading instruments or strategies that involve interest.

FAQs – tds Account Types & Opening

1. What account types does tds offer？

• TDS 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: Virtual balance of $10,000.

1. How long does tds account verification take？

• Verification typically takes 1-3 business days.

1. Does tds offer demo accounts？

• Yes, TDS offers demo accounts for practice trading.

1. Can I have multiple account types with tds？

• Yes, traders can open multiple accounts of different types.

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

• Yes, TDS provides Islamic accounts that comply with Sharia law.

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