TIWAG broker Accounts

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

tiwag Account Types Explained

TIWAG offers several account types tailored to meet the needs of different traders. Heres a detailed overview of each account type available:

1. Standard Account

• Minimum Deposit Requirement: €100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
• Leverage Options: Up to 1:30 for retail clients.
• Key Features: Ideal 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 1:100.
• Key Features: Direct market access; lower spreads; suitable for high-frequency trading.
• 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: Variable spreads starting from 0.5 pips; commission of €2 per lot.
• Leverage Options: Up to 1:200.
• 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: €100
• Spread/Commission Structure: Similar to Standard Account; no swap fees.
• Leverage Options: Up to 1:30.
• Key Features: Complies with Sharia law; no interest on overnight positions.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual funds of €10,000.
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:30.
• Key Features: Risk-free trading environment; practice strategies.
• Target User Profile: Beginners and traders testing 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: Demo Account

Detailed tiwag Account Features

Comparison of Features Across Different Account Types

Advantages of Each Account Type

• Standard Account:
• Low minimum deposit.
• No commission fees.
• User-friendly for beginners.
• ECN Account:
• Tight spreads.
• Direct market access.
• Suitable for high-frequency trading.
• Pro Account:
• Competitive trading conditions.
• Priority customer support.
• Higher leverage options.
• Islamic Account:
• Complies with Sharia law.
• No interest charges.
• Demo Account:
• Risk-free trading environment.
• Practice without financial risk.

Disadvantages of Each Account Type

• Standard Account:
• Higher spreads compared to ECN.
• ECN Account:
• Higher minimum deposit required.
• Commission fees apply.
• Pro Account:
• Requires a substantial initial investment.
• Islamic Account:
• Limited to Muslim traders.
• Demo Account:
• Limited duration and virtual funds.

tiwag 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 based on regulatory requirements.
• Prohibited Countries: Countries under sanctions or with specific trading restrictions may be prohibited.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID).
• Proof of address (utility bill or bank statement).
• Proof of Residence Requirements: Recent documents showing the current address.
• Additional Documentation for Professional Accounts: May include financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• All clients must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks as part of the registration process.

Verification Time Frames

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

Step-by-Step tiwag Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Navigate to the TIWAG website and click on the "Register" 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 from the available options.
4. Set Trading Preferences: Specify trading preferences, including leverage and trading instruments.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to be completed.
7. Fund Your Account: Deposit the minimum required amount to activate the account.
8. Start Trading: Once the account is funded, begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with the mobile app offering a streamlined interface for quick registration.

Common Registration Issues and Solutions

• Issue: Document not accepted.
• Solution: Ensure documents are clear, recent, and meet the specified requirements.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• The average time for account approval is 1 to 3 business days, depending on document verification.

How to Upgrade/Downgrade Account Types

• Clients can request an upgrade or downgrade by contacting customer support and providing necessary documentation for the new account type.

tiwag Demo Account Guide

Demo Account Features and Benefits

• The demo account allows traders to practice without financial risk, using virtual funds to simulate real trading conditions.

How to Open a Demo Account

• Visit the TIWAG website or app, select the demo account option, and follow the registration steps similar to the live account process.

Demo Account Limitations

• The demo account typically has a limited duration and may expire after a set period.

Virtual Balance Amount

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

Demo vs Live Account Differences

• The demo account uses virtual funds, while the live account involves real money trading.

Duration/Expiry of Demo Accounts

• Demo accounts may last for a specified period, often 30 days, after which they may need to be renewed or re-registered.

tiwag Islamic Account Details

Swap-Free/Islamic Account Availability

• TIWAG offers an Islamic account that complies with Sharia law, allowing Muslim traders to engage in trading without incurring interest.

Eligibility Requirements

• Traders must declare their Muslim faith to qualify for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees for overnight positions, unlike standard accounts.

How to Apply for Islamic Account

• Traders can select the Islamic account option during the registration process or request it through customer support after account creation.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions and limitations on certain instruments.

FAQs – tiwag Account Types & Opening

1. What account types does tiwag offer？

• TIWAG 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: €0.

1. How long does tiwag account verification take？

• Account verification typically takes 1 to 3 business days.

1. Does tiwag offer demo accounts？

• Yes, TIWAG offers demo accounts for practice trading.

1. Can I have multiple account types with tiwag？

• Yes, clients can open multiple account types.

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

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

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

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

1. Can I change my account type after registration？

• Yes, clients can request to upgrade or downgrade their account type through customer support.