TPM broker Accounts

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

Part 1: tpm 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: Ideal for beginners; access to a wide range of trading instruments.
• Target User Profile: Beginner traders
• 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; suitable for scalpers and high-frequency traders.
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Tight spreads with lower commission rates
• Leverage Options: Up to 1:100
• Key Features: Enhanced trading conditions; priority execution.
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, stocks

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: Swap-free; compliant with Sharia law.
• 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 trading conditions
• Leverage Options: Up to 1:500
• Key Features: Risk-free environment to practice trading strategies.
• Target User Profile: All trader levels
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: tpm Account Features Comparison

Detailed tpm Account Features

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit
• User-friendly interface
• Access to educational resources
• Disadvantages:
• Higher spreads compared to ECN
• Limited advanced trading features

ECN Account

• Advantages:
• Tight spreads
• Direct market access
• Suitable for scalping
• Disadvantages:
• Higher minimum deposit
• Commission fees may apply

Pro Account

• Advantages:
• Enhanced trading conditions
• Lower commission rates
• Priority execution
• Disadvantages:
• High minimum deposit
• Not suitable for beginners

Islamic Account

• Advantages:
• Compliant with Sharia law
• No swap fees
• Similar features to Standard Account
• Disadvantages:
• Limited availability
• May have higher spreads

Demo Account

• Advantages:
• Risk-free trading environment
• Access to all trading instruments
• Ideal for practice
• Disadvantages:
• No real profits
• Limited duration (may expire)

Part 3: tpm Account Registration Requirements

Eligibility Criteria

• Age Requirements: Minimum age of 18 years
• Geographic Restrictions: Varies by country; check specific regulations
• Prohibited Countries: Countries under sanctions or restrictions (specific list not available)
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Recent documents showing the current address
• Additional Documentation for Professional Accounts: Financial statements or proof of trading experience may be required

KYC/AML Compliance Procedures

• Know Your Customer (KYC): Verification of identity and residence
• Anti-Money Laundering (AML): Monitoring of transactions to prevent illegal activities

Verification Time Frames

• Typical Verification Time: 1-3 business days, depending on the completeness of submitted documents.

Part 4: tpm Account Opening Process

Step-by-Step tpm Account Opening Guide

1. Visit Website and Click Registration: Navigate to the official tpm website and find 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 based on trading experience and needs.
4. Set Trading Preferences: Indicate preferences for leverage, trading instruments, etc.
5. Document Upload: Upload required identity verification documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate the account.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• Desktop: Full-featured registration process with all options visible.
• Mobile: Streamlined process; may have limited features compared to desktop.

Common Registration Issues and Solutions

• Issue: Document not accepted
• Solution: Ensure documents are clear and meet the required criteria.
• Issue: Verification delays
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Time Frame: Typically 1-3 business days.

How to Upgrade/Downgrade Account Types

• Process: Contact customer support to request an account type change; provide any necessary documentation.

Part 5: tpm Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments with virtual funds.
• Benefits: Allows traders to practice strategies without financial risk.

How to Open a Demo Account

• Process: Visit the tpm website, select the demo account option, and complete the registration form.

Demo Account Limitations

• Limitations: Typically has a virtual balance and may expire after a set period (e.g., 30 days).

Virtual Balance Amount

• Amount: Usually set at $10,000 or similar for practice purposes.

Demo vs Live Account Differences

• Demo Account: Uses virtual funds; no real profits or losses.
• Live Account: Involves real money; profits and losses are real.

Duration/Expiry of Demo Accounts

• Duration: Generally valid for 30 days; may be extended upon request.

Part 6: tpm Islamic Account Details

Swap-free/Islamic Account Availability

• Availability: Yes, tpm offers Islamic accounts compliant with Sharia law.

Eligibility Requirements

• Requirements: Must declare the need for an Islamic account during registration.

Differences from Standard Accounts

• Differences: No swap fees; otherwise similar features to Standard Accounts.

How to Apply for Islamic Account

• Process: Indicate the request for an Islamic account during the registration process.

Restrictions or Special Conditions

• Conditions: Must adhere to Islamic finance principles; no interest-based transactions.

FAQs – tpm Account Types & Opening

1. What account types does tpm offer？

• tpm 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: N/A.

1. How long does tpm account verification take？

• Verification typically takes 1-3 business days.

1. Does tpm offer demo accounts？

• Yes, tpm provides demo accounts for practice trading.

1. Can I have multiple account types with tpm？

• Yes, traders can hold multiple account types.

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

• Yes, tpm offers Islamic accounts that are swap-free.

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

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

1. Can I change my account type after registration？

• Yes, you can request to change your account type through customer support.