TRADITION broker Accounts

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

tradition Account Types Explained

In the world of forex trading, choosing the right account type is crucial for success. Tradition offers several account types tailored to different trading needs and experience levels. Below is a detailed overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips, no commission
• Leverage Options: Up to 1:500
• Key Features: Ideal for beginners, offers access to various trading instruments, user-friendly platform
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips, commission of $3 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, suitable for scalpers and high-frequency traders
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads starting from 0.5 pips, commission of $2 per lot
• Leverage Options: Up to 1:100
• Key Features: Enhanced trading conditions, priority execution, suitable for professional traders
• Target User Profile: Institutional and professional traders
• Trading Instruments Available: Forex, commodities, indices, stocks

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to the Standard Account, no swap fees
• Leverage Options: Up to 1:500
• Key Features: Compliant with Sharia law, no interest fees
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• 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 traders testing strategies
• Trading Instruments Available: Forex, commodities, indices

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed tradition Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:
• Low minimum deposit
• User-friendly for beginners
• Access to various instruments
• ECN Account:
• Lower spreads for high-frequency trading
• Direct market access
• Ideal for scalpers
• Pro Account:
• Enhanced trading conditions
• Priority execution
• Suitable for institutional trading
• Islamic Account:
• Compliant with Sharia law
• No swap fees
• Accessible for Muslim traders
• Demo Account:
• Risk-free trading
• Practice strategies
• No financial commitment

Disadvantages of Each Account Type

• Standard Account:
• Higher spreads compared to ECN
• Limited features for advanced traders
• ECN Account:
• Higher minimum deposit
• Commission fees can add up
• Pro Account:
• High minimum deposit requirement
• Not suitable for beginners
• Islamic Account:
• Limited availability of features
• May have fewer trading instruments
• Demo Account:
• No real financial gain
• Limited duration for practice

tradition Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old
• Geographic Restrictions: Available in most countries; specific restrictions may apply
• Prohibited Countries: Countries under international sanctions may be restricted
• Identity Verification Documents Needed:
• Valid government-issued ID (passport or drivers license)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Recent documents that clearly show the applicant's name and address
• Additional Documentation for Professional Accounts: Financial statements or proof of trading experience may be required

KYC/AML Compliance Procedures

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks to verify identity and prevent fraud.

Verification Time Frames

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

Step-by-Step tradition Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Navigate to the tradition website and select the account type you wish to open.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the desired account type from the available options.
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload the required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to be completed.
7. Fund Your Account: Once verified, deposit funds into your account using the preferred payment method.
8. Start Trading: Access your trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with mobile registration often being more streamlined for convenience.

Common Registration Issues and Solutions

• Issue: Document upload failures
• Solution: Ensure documents are clear and in the correct format (PDF, JPEG).
• Issue: Delays in verification
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes between 1-3 business days.

How to Upgrade/Downgrade Account Types

• Account type changes can be requested through customer support or within the account management section of the website.

tradition Demo Account Guide

Demo Account Features and Benefits

• Offers a risk-free environment to practice trading strategies without financial risk.
• Allows users to familiarize themselves with the trading platform and tools.

How to Open a Demo Account

• Visit the tradition website, select the demo account option, and follow the registration process.

Demo Account Limitations

• Limited duration (typically 30 days) and virtual balance amount.

Virtual Balance Amount

• Usually set at $10,000 in virtual funds.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money and financial risk.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days of inactivity.

tradition Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available for traders who require compliance with Sharia law.

Eligibility Requirements

• Must provide documentation confirming Muslim faith and the need for a swap-free account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them compliant with Islamic finance principles.

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 and restrictions on certain instruments.

FAQs – tradition Account Types & Opening

1. What account types does tradition offer？

• tradition 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 tradition account verification take？

• Verification typically takes 1-3 business days.

1. Does tradition offer demo accounts？

• Yes, tradition offers a demo account for practice trading.

1. Can I have multiple account types with tradition？

• Yes, you can open multiple account types based on your trading needs.

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

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

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

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

1. Can I change my account type after registration？

• Yes, you can request an upgrade or downgrade through customer support.