Rating Index

Pros

No minimum deposit requirement for live accounts, making it accessible for new traders.

Competitive trading conditions with spreads starting from 0 pips and no trading fees.

Regulated by the Polish Financial Supervision Authority (KNF), providing a level of security for clients.

Cons

Limited customer support hours, as assistance is only available on weekdays and not on weekends.

Lack of transparency regarding certain costs, particularly withdrawal fees for amounts below €100.

Limited variety of account types, which may not cater to all trading preferences.

TMS Brokers broker Accounts

TMS Brokers Account Type

TMS Brokers offers a limited selection of account types for traders. Primarily, there are two main account types available:

Standard Account:

Minimum Deposit: No minimum deposit required.
Leverage: Up to 1:20 for retail clients.
Spread: Floating spreads starting from 0 pips, with no trading fees.
Trading Instruments: Access to a wide range of financial instruments, including forex, CFDs on stocks, indices, commodities, and cryptocurrencies.
Trading Volume: Minimum trade volume is 0.01 lots.

Pro Account:

Eligibility: Traders must meet specific trading volume and activity requirements to qualify.
Leverage: Increased leverage of up to 1:200.
Features: Offers negative balance protection and potentially more favorable trading conditions.

TMS Brokers Broker Account Opening Process

Opening an account with TMS Brokers is a straightforward process that can be completed in a few easy steps:

Visit the Website: Go to the official TMS Brokers website.
Open Live Account: Click on the “Open Live Account” button located in the top right corner.
Start Registration: Click the “Start” icon to begin the registration process.
Provide Email and Password: Enter your email address and create a secure password.
Identity Verification: Submit proof of identity, which can be in the form of a drivers license or passport.
Personal Information: Fill in required personal details such as your name, address, and telephone number.
Verification: Once your information is submitted, you will receive a verification email confirming your account setup.
Login: After verification, log in to your live account and start trading.

This account opening process typically takes between 5 to 10 minutes, allowing traders to quickly access their trading accounts and begin trading with TMS Brokers.