TP broker Accounts

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

Part 1: tp Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:500
• Key Features: User-friendly interface, suitable for beginners
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads from 0.0 pips + commission
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Competitive spreads + commission
• Leverage Options: Up to 1:400
• Key Features: Advanced trading tools, priority customer support
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, stocks

1. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts
• Leverage Options: Up to 1:200
• Key Features: Swap-free trading
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Simulated market conditions
• Leverage Options: Up to 1:500
• Key Features: Practice trading without risk
• Target User Profile: Beginners and experienced traders
• Trading Instruments Available: All available instruments

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: Detailed tp Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $500

• Demo: N/A

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:400

• Islamic: Up to 1:200

• Demo: Up to 1:500

• Spreads:

• Standard: From 1.5 pips

• ECN: From 0.0 pips

• Pro: Competitive spreads

• Islamic: Similar to Standard or ECN

• Demo: Simulated conditions

• Commission Fees:

• Standard: None

• ECN: Yes, based on trading volume

• Pro: Yes, based on trading volume

• Islamic: None

• Demo: N/A

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Mini, Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: No

• ECN: No

• Pro: No

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Standard: No

• ECN: No

• Pro: No

• Islamic: Yes

• Demo: No

• Demo Account Features:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: Yes

Advantages and Disadvantages of Each Account Type

• Standard Account:

• Advantages: Low minimum deposit, user-friendly, no commissions.

• Disadvantages: Higher spreads, limited advanced features.

• ECN Account:

• Advantages: Low spreads, direct market access, suitable for scalping.

• Disadvantages: Higher minimum deposit, commission fees.

• Pro Account:

• Advantages: Advanced trading tools, priority support, competitive spreads.

• Disadvantages: High minimum deposit, commissions apply.

• Islamic Account:

• Advantages: Swap-free, compliant with Islamic finance principles.

• Disadvantages: Limited availability, similar features to Standard/ECN.

• Demo Account:

• Advantages: Risk-free trading, practice with virtual funds.

• Disadvantages: Limited duration, no real profits.

Part 3: tp Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Services may not be available in certain countries.
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.
• Identity Verification Documents Needed: Government-issued ID, proof of income.
• Proof of Residence Requirements: Utility bill, bank statement.
• Additional Documentation for Professional Accounts: Financial statements, proof of trading experience.

KYC/AML Compliance Procedures

• Complete identity verification to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.

Verification Time Frames

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

Part 4: Step-by-Step tp Account Opening Guide

Registration Process

1. Visit Website: Go to the official tp website and click on the registration 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 and risk tolerance.
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 funds to start trading.
8. Start Trading: Access trading platforms and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile registration may have additional app-specific features.

Common Registration Issues and Solutions

• Email Verification Not Received: Check spam folder or request a resend.
• Document Rejection: Ensure documents are clear and meet requirements.

Average Account Approval Time

• Generally, account approval takes 1-3 business days.

How to Upgrade/Downgrade Account Types

• Contact customer support to request changes to account type, subject to eligibility criteria.

Part 5: tp Demo Account Guide

Demo Account Features and Benefits

• Practice trading with virtual funds, test strategies without risk, and familiarize with the trading platform.

How to Open a Demo Account

• Register on the tp website and select the demo account option during the registration process.

Demo Account Limitations

• Limited duration and no real profits; typically expires after a set period.

Virtual Balance Amount

• Virtual balance usually set at $10,000 or similar for practice.

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts involve real money and trading conditions.

Duration/Expiry of Demo Accounts

• Demo accounts may expire after 30-90 days, depending on the broker's policies.

Part 6: tp Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available for traders seeking compliance with Islamic finance principles.

Eligibility Requirements

• Must provide proof of religious adherence and complete necessary documentation.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, aligning with Sharia law.

How to Apply for Islamic Account

• Select the Islamic account option during registration and provide required documentation.

Restrictions or Special Conditions

• May have specific trading conditions or limitations compared to standard accounts.

FAQs – tp Account Types & Opening

1. What account types does tp offer？

• tp 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: $500, Demo: N/A.

1. How long does tp account verification take？

• Typically 1-3 business days.

1. Does tp offer demo accounts？

• Yes, tp provides demo accounts for practice trading.

1. Can I have multiple account types with tp？

• Yes, you can hold multiple account types, subject to eligibility.

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

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

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

• Government-issued ID, proof of residence, and possibly proof of income.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.