Tradeswift broker Accounts

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

Part 1: tradeswift Account Types Explained

Available Account Types

At tradeswift, various account types cater to different trading needs and expertise levels. Heres a breakdown of the available accounts:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: From 20 pips, no commission
• Leverage Options: Up to 1000:1
• Key Features: Bonus-X available, all products can be traded
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: From 0 pips, commission applies ($5 for FX, $7 for metals, 0.05% for crypto)
• Leverage Options: Up to 1000:1
• Key Features: Direct market access, lower spreads
• Target User Profile: Intermediate to advanced traders
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: From 6 pips, no commission
• Leverage Options: Up to 1000:1
• Key Features: Tailored for professional traders, all products can be traded
• Target User Profile: Professional and institutional traders
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: ECN Account
• Advanced/Professional Traders: Pro Account

Part 2: Detailed tradeswift Account Features

Features Comparison Across Account Types

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:

• Low minimum deposit

• User-friendly for beginners

• Access to all trading instruments

• Bonus-X feature enhances trading power

• Disadvantages:

• Higher spreads compared to ECN

• No commission-free trading on certain products

ECN Account

• Advantages:

• Tight spreads

• Direct market access

• Ideal for scalpers and high-frequency traders

• Transparent pricing with low commission

• Disadvantages:

• Higher minimum deposit required

• Commission fees can add up for frequent traders

Pro Account

• Advantages:

• Tailored for professional trading

• Competitive spreads

• No commission on trades

• Access to advanced trading tools

• Disadvantages:

• High minimum deposit

• More complex for beginners

Part 3: tradeswift Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to traders worldwide, but may be restricted in certain jurisdictions.
• Prohibited Countries: Specific countries may be restricted due to regulatory compliance; check with tradeswift for details.
• Identity Verification Documents Needed:
• Valid government-issued ID (e.g., passport, driver's license)
• PAN card
• Proof of Residence Requirements:
• Recent utility bill
• Bank statement
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• Complete KYC (Know Your Customer) verification by submitting required documents.
• AML (Anti-Money Laundering) checks are performed during the registration process.

Verification Time Frames

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

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

Detailed Step-by-Step Registration Process

1. Visit Website: Go to the tradeswift website.
2. Click Registration: Locate and click on the "Open an Account" button.
3. Personal Information Entry: Fill in your personal details as required (name, email, phone number).
4. Choose Account Type: Select the account type that suits your trading needs.
5. Set Trading Preferences: Specify your trading preferences and risk tolerance.
6. Document Upload: Upload the required identity verification documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds into your account to start trading.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with mobile offering a more streamlined experience through the app.

Common Registration Issues and Solutions

• Issue: Document upload failure.

• Solution: Ensure documents are in the correct format (JPG/PDF) and meet size requirements.

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes 1-3 business days, depending on document verification.

How to Upgrade/Downgrade Account Types

• Contact tradeswift customer support to request an account type change, providing necessary documentation if required.

Part 5: tradeswift Demo Account Guide

Demo Account Features and Benefits

• Features: Access to a simulated trading environment with real market conditions.
• Benefits: Allows traders to practice strategies without financial risk.

How to Open a Demo Account

• Visit the tradeswift website and select the option to open a demo account, following the prompts to register.

Demo Account Limitations

• Limited trading instruments compared to live accounts.
• Virtual funds may not reflect actual market conditions.

Virtual Balance Amount

• Typically, demo accounts offer a virtual balance of $10,000 for practice.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Performance in a demo account may not accurately predict live trading outcomes.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for 30 days, after which they may need to be renewed.

Part 6: tradeswift Islamic Account Details

Swap-Free/Islamic Account Availability

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

Eligibility Requirements

• Traders must request an Islamic account during the registration process and provide necessary documentation.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for Muslim traders.

How to Apply for Islamic Account

• Indicate the request for an Islamic account during the account registration process or contact customer support.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions; consult tradeswift for details.

FAQs – tradeswift Account Types & Opening

1. What account types does tradeswift offer？

• tradeswift offers Standard, ECN, and Pro accounts.

1. What is the minimum deposit for each account type？

• Standard Account: $100, ECN Account: $500, Pro Account: $1,000.

1. How long does tradeswift account verification take？

• Account verification typically takes 1-3 business days.

1. Does tradeswift offer demo accounts？

• Yes, tradeswift provides demo accounts for practice trading.

1. Can I have multiple account types with tradeswift？

• Yes, traders can open multiple account types.

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

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

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

• Required documents include a valid ID, PAN card, and proof of residence.

1. Can I change my account type after registration？

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