Tetrax broker Accounts

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

tetrax Account Types Explained

Tetrax offers several account types tailored to meet the diverse needs of traders. Below is a detailed overview of each account type, including their features, minimum deposit requirements, and target user profiles.

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:500
• Key Features:
• Access to a wide range of trading instruments
• User-friendly interface
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex, commodities, indices

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Low spreads starting from 0.1 pips plus a commission of $5 per lot
• Leverage Options: Up to 1:200
• Key Features:
• Direct market access
• Faster execution speeds
• Target User Profile: Experienced traders and scalpers
• Trading Instruments Available: Forex, commodities, cryptocurrencies

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Tight spreads starting from 0.0 pips with a commission of $3 per lot
• Leverage Options: Up to 1:100
• Key Features:
• Advanced trading tools and analytics
• Higher leverage options
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features:
• Swap-free trading
• Compliance with Sharia law
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

5. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:500
• Key Features:
• Risk-free environment to practice trading
• Access to all trading instruments
• Target User Profile: Beginners and traders testing strategies
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed tetrax Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:100

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.1 pips

• Pro: From 0.0 pips

• Islamic: From 1.5 pips

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $5/lot

• Pro: $3/lot

• Islamic: None

• Demo: 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: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability: Yes for Islamic Account only.

• Swap-Free Options: Available for Islamic Account.

• Demo Account Features: Unlimited access to virtual funds for practice.

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit
• User-friendly for beginners
• Access to various instruments
• Disadvantages:
• Higher spreads compared to ECN and Pro accounts

ECN Account

• Advantages:
• Tight spreads
• Direct market access
• Ideal for scalping
• Disadvantages:
• Higher minimum deposit
• Commission fees apply

Pro Account

• Advantages:
• Very low spreads
• Advanced trading tools
• Suitable for high-volume trading
• Disadvantages:
• High minimum deposit
• Commission fees apply

Islamic Account

• Advantages:
• Complies with Sharia law
• No swap fees
• Disadvantages:
• Limited to Muslim traders

Demo Account

• Advantages:
• Risk-free trading environment
• Unlimited access to practice
• Disadvantages:
• Virtual funds only; no real profits

tetrax Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Tetrax may not accept registrations from certain countries; check the website for specifics.
• Prohibited Countries: Countries under financial sanctions or restrictions.
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Recent documents showing your name and address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• Tetrax follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all users to verify their identity and address before trading.

Verification Time Frames

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

Step-by-Step tetrax Account Opening Guide

Step-by-Step Registration Process

1. Visit the Website: Go to the Tetrax official website.
2. Click Registration: Find and click 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 account type you wish to open (Standard, ECN, Pro, Islamic, or Demo).
5. Set Trading Preferences: Specify your trading preferences and leverage options.
6. Document Upload: Upload the required identity verification documents.
7. Account Verification: Wait for Tetrax to verify your documents.
8. Fund Your Account: Once verified, deposit funds into your account to start trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but the mobile interface may have fewer options displayed at once.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are clear and in the correct format (JPEG, PNG, PDF).
• Issue: Verification takes too long.
• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Users can request to change their account type through the Tetrax customer support or account management section.

tetrax Demo Account Guide

Demo Account Features and Benefits

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

How to Open a Demo Account

• Follow the same registration steps as for a live account, selecting the Demo Account option.

Demo Account Limitations

• Limited to virtual funds; no real trading profits can be made.

Virtual Balance Amount

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

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for 30 days but can be extended based on the broker's policy.

tetrax Islamic Account Details

Swap-Free/Islamic Account Availability

• Tetrax offers Islamic accounts that comply with Sharia law, allowing for swap-free trading.

Eligibility Requirements

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

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for long-term positions.

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 specific trading conditions; check with Tetrax for detailed information.

FAQs – tetrax Account Types & Opening

1. What account types does tetrax offer？

• Tetrax 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 funds.

1. How long does tetrax account verification take？

• Verification typically takes 1-3 business days.

1. Does tetrax offer demo accounts？

• Yes, Tetrax offers demo accounts for practice trading.

1. Can I have multiple account types with tetrax？

• Yes, users can have multiple account types.

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

• Yes, Tetrax provides Islamic accounts that are swap-free.

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

• A government-issued ID and proof of address are required.

1. Can I change my account type after registration？

• Yes, you can request to change your account type through customer support.