TOMAHAWK broker Accounts

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

tomahawk Account Types Explained

Tomahawk offers a variety of account types to cater to different trading needs and preferences. Below is a detailed overview of each account type available.

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Fixed spreads starting from 1.5 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: User-friendly interface, suitable for beginners, access to educational resources.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Variable spreads starting from 0.1 pips; commission of $5 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, faster execution.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.0 pips; commission of $3 per lot.
• Leverage Options: Up to 1:100.
• Key Features: Enhanced trading conditions, priority customer support, access to advanced trading tools.
• Target User Profile: Professional traders and institutional clients.
• 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 1:500.
• Key Features: Complies with Sharia law, swap-free trading conditions.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000).
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free trading environment, practice strategies without financial risk.
• Target User Profile: Beginners and those looking to test strategies.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed tomahawk Account Features

Comparison of Features Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• User-friendly for beginners.

• Access to educational resources.

• ECN Account:

• Tight spreads.

• Direct market access.

• Ideal for scalping and high-frequency trading.

• Pro Account:

• Best conditions for professional trading.

• Priority support.

• Advanced trading tools available.

• Islamic Account:

• Complies with Sharia law.

• No swap fees.

• Demo Account:

• Risk-free environment.

• Practice trading strategies.

• Familiarization with trading platforms.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• ECN Account:

• Higher minimum deposit.

• Commission fees apply.

• Pro Account:

• Requires a significant initial investment.

• Islamic Account:

• Limited to specific trading instruments.

• Demo Account:

• Virtual funds may not reflect real trading conditions.

• Limited duration for practice.

tomahawk Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Not available in certain jurisdictions (specific countries may vary).
• Prohibited Countries: Specific countries may be restricted; check with tomahawk for the latest list.
• Identity Verification Documents Needed: Government-issued ID (passport or driver's license).
• Proof of Residence Requirements: Recent utility bill or bank statement with the applicant's name and address.
• Additional Documentation for Professional Accounts: Proof of trading experience or financial status may be required.

KYC/AML Compliance Procedures

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

Verification Time Frames

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

Step-by-Step tomahawk Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Navigate to the tomahawk 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 complete.
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 interface may have fewer options displayed at once.

Common Registration Issues and Solutions

• Issue: Document upload fails.

• Solution: Ensure documents are in the correct format and within size limits.

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Most accounts are approved within 1-3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

• Users can request an upgrade or downgrade through the account management section on the website, subject to the terms and conditions of the new account type.

tomahawk Demo Account Guide

Demo Account Features and Benefits

• Features: Access to the same trading platforms and instruments as live accounts.
• Benefits: Allows traders to practice strategies without financial risk.

How to Open a Demo Account

• Visit the tomahawk website and select the option to open a demo account. Fill out the required information and submit.

Demo Account Limitations

• Demo accounts may have limited duration and virtual balance compared to live accounts.

Virtual Balance Amount

• Typically, demo accounts are provided with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts do not involve real money and may not reflect market conditions accurately.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity.

tomahawk Islamic Account Details

Swap-Free/Islamic Account Availability

• Tomahawk offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Must be a practicing Muslim to qualify for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for long-term trading.

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 specific trading conditions; consult tomahawk for details.

FAQs – tomahawk Account Types & Opening

1. What account types does tomahawk offer？

• Tomahawk 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: Virtual funds.

1. How long does tomahawk account verification take？

• Verification typically takes 1-3 business days.

1. Does tomahawk offer demo accounts？

• Yes, tomahawk provides demo accounts for practice trading.

1. Can I have multiple account types with tomahawk？

• Yes, users can open multiple accounts of different types.

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

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

1. What documents do I need to open a tomahawk 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 through the account management section.