Tibra broker Accounts

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

tibra Account Types Explained

Tibra offers various account types designed to cater to different trading needs and levels of experience. Below is a detailed overview of the 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: Suitable for beginners; access to a wide range of trading instruments.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

2. 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, faster execution speeds, ideal for scalpers.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

3. Pro Account

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

4. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to the Standard or ECN account chosen; no swap fees.
• Leverage Options: Up to 1:200.
• Key Features: Complies with Sharia law; no interest fees.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance of $10,000.
• Spread/Commission Structure: Same as Standard account.
• Leverage Options: Same as Standard account.
• Key Features: Risk-free environment for practice; access to all trading instruments.
• Target User Profile: Beginners and traders looking to test strategies.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed tibra Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• User-friendly for beginners.

• ECN Account:

• Tight spreads and low latency.

• Ideal for high-frequency trading.

• Transparent pricing model.

• Pro Account:

• Competitive spreads and lower commissions.

• Access to advanced trading tools.

• Priority customer support.

• Islamic Account:

• Complies with Islamic finance principles.

• No interest charges.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Practice with virtual funds.

• Access to all trading features.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• Limited features for advanced traders.

• ECN Account:

• Higher minimum deposit required.

• Commission fees can add up for frequent traders.

• Pro Account:

• Higher minimum deposit compared to Standard.

• Not suitable for beginners.

• Islamic Account:

• Limited availability of trading instruments.

• May have higher spreads compared to Standard accounts.

• Demo Account:

• Virtual trading does not replicate live market conditions.

• Limited duration for practice.

tibra Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents in most countries; check specific restrictions.
• Prohibited Countries: Countries under international sanctions may be restricted.
• 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 the applicant's name and address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• Tibra adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all users to verify their identity and source of funds.

Verification Time Frames

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

Step-by-Step tibra Account Opening Guide

tibra Account Opening Process

1. Visit Website and Click Registration: Go to the official Tibra website and click on the registration button.
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 your trading needs.
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload required identity verification documents.
6. Account Verification: Wait for the verification process to be completed by Tibra.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once your account is funded and verified, you can start trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but the mobile version may have a simplified interface.

Common Registration Issues and Solutions

• Issue: Document upload fails.

• Solution: Ensure documents are clear and in the correct format (PDF, JPG).

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• The average account approval time is 1-3 business days.

How to Upgrade/Downgrade Account Types

• Users can request to upgrade or downgrade their account type through the account management section on the Tibra platform.

tibra Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments, risk-free trading environment, and practice with virtual funds.
• Benefits: Ideal for beginners to learn trading without financial risk.

How to Open a Demo Account

• Navigate to the demo account section on the Tibra website and follow the registration steps similar to opening a live account.

Demo Account Limitations

• Limited duration for use; typically expires after 30 days.

Virtual Balance Amount

• The demo account usually comes with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts do not reflect real market conditions and can have different execution speeds.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days but can be renewed upon request.

tibra Islamic Account Details

Swap-Free/Islamic Account Availability

• Tibra offers swap-free Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Must be a practicing Muslim and provide necessary documentation.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees and follow specific trading guidelines.

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 restrictions on certain trading instruments that involve interest.

FAQs – tibra Account Types & Opening

1. What account types does tibra offer？

• Tibra 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: $500, Demo: $0.

1. How long does tibra account verification take？

• Verification typically takes 1-3 business days.

1. Does tibra offer demo accounts？

• Yes, tibra offers demo accounts with a virtual balance.

1. Can I have multiple account types with tibra？

• Yes, users can open multiple account types.

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

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

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