TIDE broker Accounts

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

Part 1: tide Account Types Explained

Available Account Types

Tide offers several account types tailored to different business needs:

1. Free Business Account

• Minimum Deposit Requirement: £0
• Spread/Commission Structure: Pay-per-transfer fees apply (20p for UK transfers).
• Leverage Options: Not applicable.
• Key Features: No monthly fees, easy online setup, invoicing tools, and integrated accounting features.
• Target User Profile: Ideal for freelancers, sole traders, and small businesses with basic banking needs.
• Trading Instruments Available: Primarily GBP transactions.

1. Smart Plan

• Minimum Deposit Requirement: £12.49 + VAT/month
• Spread/Commission Structure: Reduced fees on transactions.
• Leverage Options: Not applicable.
• Key Features: Includes additional features like team expense cards and cashback on spending.
• Target User Profile: Small businesses looking for more features than the free account.
• Trading Instruments Available: GBP transactions with additional tools.

1. Pro Plan

• Minimum Deposit Requirement: £24.99 + VAT/month
• Spread/Commission Structure: Competitive transaction fees.
• Leverage Options: Not applicable.
• Key Features: Enhanced accounting tools, multi-user access, and advanced reporting features.
• Target User Profile: Growing businesses needing more comprehensive banking solutions.
• Trading Instruments Available: GBP transactions with advanced features.

1. Max Plan

• Minimum Deposit Requirement: £49.99 + VAT/month
• Spread/Commission Structure: Lower transaction fees and additional benefits.
• Leverage Options: Not applicable.
• Key Features: All features from Pro, plus priority support and more extensive integrations.
• Target User Profile: Larger businesses or those with complex banking needs.
• Trading Instruments Available: GBP transactions with premium features.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Free Business Account
• Intermediate Users: Smart Plan
• Advanced Users: Pro Plan or Max Plan

Part 2: tide Account Features Comparison

Detailed tide Account Features

Advantages of Each Account Type

• Free Business Account:

• No monthly fees.

• Simple setup process.

• Good for basic banking needs.

• Smart Plan:

• Additional features like cashback.

• Team expense cards available.

• Affordable for small businesses.

• Pro Plan:

• Advanced accounting tools.

• Multi-user access for teams.

• Comprehensive reporting features.

• Max Plan:

• Priority customer support.

• Extensive integrations with business tools.

• Best for larger businesses with complex needs.

Disadvantages of Each Account Type

• Free Business Account:

• Limited features compared to paid plans.

• Pay-per-transfer fees can add up.

• Smart Plan:

• Monthly fee may not suit all users.

• Limited advanced features.

• Pro Plan:

• Higher monthly fee.

• May be excessive for very small businesses.

• Max Plan:

• Highest monthly fee.

• Best suited for larger businesses only.

Part 3: tide Account Opening Requirements

tide Account Registration Requirements

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.

• Geographic Restrictions: Primarily available for UK residents.

• Prohibited Countries: Specific countries may be restricted based on compliance regulations.

• Identity Verification Documents Needed:

• Two forms of photo ID (e.g., passport, driving license).

• Proof of residence (utility bill, bank statement).

• Additional Documentation for Professional Accounts:

• Business registration documents (if applicable).

• KYC/AML Compliance Procedures:

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.

• Verification Time Frames:

• Account verification typically takes a few hours to a couple of days, depending on the completeness of the submitted documents.

Part 4: tide Account Opening Process

Step-by-Step tide Account Opening Guide

1. Visit Website and Click Registration:

• Go to the Tide website and select “Open an Account”.

1. Personal Information Entry:

• Fill in your personal details including name, email, and phone number.

1. Choose Account Type:

• Select the type of account you wish to open (Free, Smart, Pro, Max).

1. Set Trading Preferences:

• Specify any preferences related to your account setup.

1. Document Upload:

• Upload required identification and proof of residence documents.

1. Account Verification:

• Wait for the verification process to complete.

1. Fund Your Account:

• Once verified, fund your account through bank transfer or other available methods.

1. Start Trading:

• Access your account via the mobile app and start managing your business finances.

Desktop vs Mobile Registration Differences

• The registration process is primarily designed for mobile use, but can also be completed on a desktop. The mobile app may offer a more streamlined experience.

Common Registration Issues and Solutions

• Issue: Document upload failures.

• Solution: Ensure documents are clear and meet the required specifications.

• Issue: Delays in verification.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically ranges from a few hours to a couple of days, depending on the completeness of the application.

How to Upgrade/Downgrade Account Types

• Users can upgrade or downgrade their account type through the app or by contacting customer support.

Part 5: tide Demo Account Information

tide Demo Account Guide

• Demo Account Features and Benefits:

• Allows users to practice trading without financial risk.

• Provides access to the same features as live accounts.

• How to Open a Demo Account:

• Visit the Tide website or app and select the demo account option.

• Demo Account Limitations:

• Limited duration (typically 30 days).

• Virtual balance may not reflect real market conditions.

• Virtual Balance Amount:

• Usually set at a predetermined amount (e.g., £10,000).

• Demo vs Live Account Differences:

• Live accounts involve real money transactions, while demo accounts use virtual funds.

• Duration/Expiry of Demo Accounts:

• Demo accounts typically expire after 30 days unless extended.

Part 6: tide Islamic Account Details

tide Islamic Account Details

• Swap-free/Islamic Account Availability:

• Tide does not currently offer Islamic or swap-free accounts.

• Eligibility Requirements:

• Not applicable as Islamic accounts are not available.

• Differences from Standard Accounts:

• Not applicable as there are no Islamic accounts to compare.

• How to Apply for Islamic Account:

• Not applicable as Tide does not offer this account type.

• Restrictions or Special Conditions:

• Not applicable.

FAQs – tide Account Types & Opening

1. What account types does tide offer？

• Tide offers a Free Business Account, Smart Plan, Pro Plan, and Max Plan.

1. What is the minimum deposit for each account type？

• Free Business Account: £0, Smart Plan: £12.49 + VAT, Pro Plan: £24.99 + VAT, Max Plan: £49.99 + VAT.

1. How long does tide account verification take？

• Verification typically takes a few hours to a couple of days.

1. Does tide offer demo accounts？

• Yes, tide offers demo accounts for practice trading.

1. Can I have multiple account types with tide？

• Yes, users can open multiple account types.

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

• No, tide does not offer Islamic or swap-free accounts.

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

• Two forms of photo ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can upgrade or downgrade your account type through the app or customer support.