Tianxin offers a variety of account types tailored to different trading needs and experience levels. Below is an overview of the available account types:
| Account Type | Minimum Deposit | Spread (Min) | Commission | Leverage | Target User Profile |
|---|---|---|---|---|---|
| Standard | $100 | 1.0 pips | None | 500:1 | Beginners and intermediates |
| ECN | $500 | 0.0 pips | $3.50/lot | 100:1 | Advanced traders and scalpers |
| Pro | $1,000 | 0.5 pips | Lower rate | 200:1 | Professional traders |
| Islamic | $100 | 1.0 pips | None | 500:1 | Muslim traders |
| Demo | Virtual funds | 1.0 pips | None | 500:1 | Beginners and strategy testers |
| Feature | Standard Account | ECN Account | Pro Account | Islamic Account | Demo Account |
|---|---|---|---|---|---|
| Minimum Deposit | $100 | $500 | $1,000 | $100 | Virtual funds |
| Maximum Leverage | 500:1 | 100:1 | 200:1 | 500:1 | 500:1 |
| Spreads (Typical) | 1.0 pips | 0.0 pips | 0.5 pips | 1.0 pips | 1.0 pips |
| Commission Fees | None | $3.50/lot | Lower rate | None | None |
| Lot Size | 0.01 lots | 0.1 lots | 0.1 lots | 0.01 lots | 0.01 lots |
| Available Trading Platforms | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4, MT5 |
| Execution Type | Market | ECN | Market | Market | Market |
| Islamic Account Availability | No | No | No | Yes | No |
| Swap-Free Options | No | No | No | Yes | No |
| Demo Account Features | No | No | No | No | Yes |
Standard Account:
No commission fees.
User-friendly for beginners.
Access to a wide range of instruments.
ECN Account:
Tight spreads.
Ideal for scalping and high-frequency trading.
Direct market access.
Pro Account:
Enhanced trading conditions.
Lower commission rates.
Suitable for professional traders.
Islamic Account:
Compliant with Islamic finance principles.
No swap fees.
Demo Account:
Risk-free trading environment.
Practice strategies without financial risk.
Standard Account:
Higher spreads compared to ECN.
ECN Account:
Requires a higher minimum deposit.
Commission fees may add to trading costs.
Pro Account:
Higher minimum deposit requirement.
More complex trading conditions.
Islamic Account:
Limited to Muslim traders.
Demo Account:
Virtual funds may not reflect real market conditions.
Eligibility Criteria:
Age Requirements: Must be at least 18 years old.
Geographic Restrictions: Available to most countries; specific restrictions may apply.
Prohibited Countries: Countries under sanctions may be restricted.
Identity Verification Documents Needed:
Valid passport or national ID.
Proof of residence (utility bill or bank statement).
Additional Documentation for Professional Accounts:
Proof of income or employment.
Financial statements may be required.
KYC/AML Compliance Procedures:
Completion of Know Your Customer (KYC) forms.
Anti-Money Laundering (AML) checks.
Verification Time Frames:
Typically 1-3 business days for account verification.
Issue: Document upload fails.
Solution: Ensure documents are in the correct format and size.
Issue: Verification delays.
Solution: Contact customer support for assistance.
Demo Account Features and Benefits:
Access to the same trading platform as live accounts.
Ability to practice trading strategies without financial risk.
How to Open a Demo Account:
Follow the same registration steps as for a live account but select the demo option.
Demo Account Limitations:
Limited to virtual funds; may not reflect real market conditions.
Virtual Balance Amount:
Typically set at $10,000 in virtual funds.
Demo vs Live Account Differences:
Demo accounts use virtual funds while live accounts involve real money.
Duration/Expiry of Demo Accounts:
Demo accounts may expire after a certain period, typically 30 days, but can often be renewed.
Swap-Free/Islamic Account Availability:
Yes, tianxin offers an Islamic account option.
Eligibility Requirements:
Must be a Muslim trader seeking a swap-free trading environment.
Differences from Standard Accounts:
Islamic accounts do not incur swap fees.
How to Apply for Islamic Account:
Select the Islamic account option during the registration process.
Restrictions or Special Conditions:
Must comply with Islamic finance principles.
Explore broker markets account types: forex/trading accounts with demo access.