TJM broker Accounts

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

Part 1: tjm Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Suitable for beginners; access to major currency pairs and commodities.
• Target User Profile: Beginners.
• Trading Instruments Available: Forex, commodities.

1. 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; lower spreads; ideal for scalpers.
• Target User Profile: Advanced traders.
• Trading Instruments Available: Forex, commodities, indices.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; commission of $2 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Enhanced trading conditions; suitable for professional traders.
• Target User Profile: Professional traders.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law; no interest charges.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities.

1. Demo Account

• Minimum Deposit Requirement: Virtual balance of $10,000.
• Spread/Commission Structure: Similar to Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free trading environment; practice strategies.
• Target User Profile: Beginners and experienced traders.
• Trading Instruments Available: Forex, commodities.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: tjm Account Features Comparison

Detailed tjm Account Features

Advantages of Each Account Type

• Standard Account:

• Easy to open for beginners.

• No commission fees.

• Access to a variety of trading instruments.

• ECN Account:

• Tight spreads for scalping.

• Direct market access.

• Transparency in pricing.

• Pro Account:

• Enhanced trading conditions.

• Lower commission fees.

• Suitable for high-volume traders.

• Islamic Account:

• Complies with Sharia law.

• No swap fees.

• Standard trading conditions.

• Demo Account:

• Risk-free environment.

• Practice trading strategies.

• Access to all trading features.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced trading features.

• ECN Account:

• Requires a higher minimum deposit.

• Commission fees can add up.

• Pro Account:

• High minimum deposit requirement.

• Not suitable for casual traders.

• Islamic Account:

• Limited availability of advanced features.

• May have restrictions on certain trading strategies.

• Demo Account:

• No real money involved.

• Limited duration for practice.

Part 3: tjm Account Registration Requirements

tjm Account Registration Requirements

• Eligibility Criteria:

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

• Geographic Restrictions: Available in most countries; check specific restrictions.

• Prohibited Countries: Specific countries may be restricted; refer to the broker's website for details.

• Identity Verification Documents Needed:

• Government-issued ID (passport or driver's license).

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

• Additional Documentation for Professional Accounts:

• Proof of income or financial status.

• Business registration documents (if applicable).

• KYC/AML Compliance Procedures:

• Complete identity verification.

• Submit required documents for review.

• Verification Time Frames:

• Typically takes 1-3 business days for account verification.

Part 4: tjm Account Opening Process

Step-by-Step tjm Account Opening Guide

1. Visit Website and Click Registration:

• Go to the official tjm website and find the registration button.

1. Personal Information Entry:

• Fill in personal details such as name, email, and phone number.

1. Choose Account Type:

• Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).

1. Set Trading Preferences:

• Indicate your trading preferences and risk tolerance.

1. Document Upload:

• Upload necessary identity verification documents.

1. Account Verification:

• Wait for the verification process to complete.

1. Fund Your Account:

• Deposit the minimum required amount to activate your account.

1. Start Trading:

• Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• Desktop Registration: Full features available; easier document upload.
• Mobile Registration: Streamlined process; may have limited features.

Common Registration Issues and Solutions

• Issue: Document upload fails.

• Solution: Check file format and size; ensure documents are clear.

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically 1-3 business days, depending on the completeness of the application.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an account type change; follow their instructions for the process.

Part 5: tjm Demo Account Guide

tjm Demo Account Features and Benefits

• Features: Access to the same trading platform and tools as live accounts.
• Benefits: Practice trading without financial risk; test strategies.

How to Open a Demo Account

• Follow the same registration process as a live account but select the Demo Account option.

Demo Account Limitations

• Limited duration (typically 30 days).
• Virtual funds only; no real trading.

Virtual Balance Amount

• Standard virtual balance of $10,000 for practice.

Demo vs Live Account Differences

• Demo Account: No real money, practice environment.
• Live Account: Real money trading, actual market conditions.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days of inactivity.

Part 6: tjm Islamic Account Details

tjm Islamic Account Availability

• Swap-Free/Islamic Account Availability: Yes, available for Muslim traders.

Eligibility Requirements

• Must provide documentation verifying religious beliefs regarding trading.

Differences from Standard Accounts

• No swap fees applied to overnight positions.

How to Apply for Islamic Account

• Select the Islamic Account option during registration or contact customer support.

Restrictions or Special Conditions

• Must comply with Sharia law; trading strategies must be aligned with Islamic principles.

FAQs – tjm Account Types & Opening

1. What account types does tjm offer？

• tjm 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 tjm account verification take？

• Verification typically takes 1-3 business days.

1. Does tjm offer demo accounts？

• Yes, tjm offers a demo account for practice trading.

1. Can I have multiple account types with tjm？

• Yes, traders can open multiple account types.

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

• Yes, tjm provides Islamic accounts that are compliant with Sharia law.

1. What documents do I need to open a tjm 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 change your account type through customer support.