TSL broker Accounts

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

tsl Account Types Explained

When considering forex trading, understanding the different tsl account types is crucial for selecting the right trading environment that suits your needs. Below is a detailed overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips, no commissions.
• Leverage Options: Up to 1:500.
• Key Features: Ideal for beginners; offers access to a wide range of trading instruments.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.1 pips, with a commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access with lower spreads; suitable for high-frequency traders.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, and indices.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads starting from 0.5 pips, commissions apply.
• Leverage Options: Up to 1:300.
• Key Features: Enhanced trading conditions and priority execution.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to the Standard Account, but without swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law; no interest on overnight positions.
• Target User Profile: Traders seeking Sharia-compliant trading options.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance of $10,000.
• Spread/Commission Structure: Similar to the Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free environment to practice trading strategies.
• Target User Profile: Beginners and traders looking to test strategies.
• Trading Instruments Available: Same as live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account or Demo Account.
• Intermediate Traders: ECN Account.
• Advanced Traders: Pro Account.
• Islamic Traders: Islamic Account.

Detailed tsl Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: $0

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:500

• Demo: 1:500

• Spreads:

• Standard: From 1.5 pips

• ECN: From 0.1 pips

• Pro: From 0.5 pips

• Islamic: Similar to Standard

• Demo: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: Yes

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• All account types support MT4 and MT5.

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Available for Standard and Islamic accounts.

• Swap-Free Options:

• Available for Islamic accounts.

• Demo Account Features:

• Virtual balance, access to all trading instruments, and no time limit for practice.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commissions.

• User-friendly for beginners.

• ECN Account:

• Tight spreads.

• Direct market access.

• Ideal for scalping.

• Pro Account:

• Enhanced trading conditions.

• Suitable for high-volume traders.

• Priority execution.

• Islamic Account:

• Complies with Islamic finance principles.

• No swap fees.

• Demo Account:

• Risk-free trading environment.

• Opportunity to practice strategies.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• ECN Account:

• Requires a higher minimum deposit.

• Commissions can add up.

• Pro Account:

• Higher minimum deposit.

• May not be suitable for casual traders.

• Islamic Account:

• Limited to specific trading instruments.

• Demo Account:

• No real profit.

• Limited to virtual trading.

tsl Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Not available in certain countries (specifics not provided).
• Prohibited Countries: Specific countries may be restricted (details not available).
• Identity Verification Documents Needed:
• Government-issued ID (passport or driver's license).
• Proof of residence (utility bill or bank statement).
• Proof of Residence Requirements: Recent documents showing your name and address.
• Additional Documentation for Professional Accounts: May require business registration documents.

KYC/AML Compliance Procedures

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

Verification Time Frames

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

Step-by-Step tsl Account Opening Guide

Registration Process

1. Visit the Website: Go to the tsl trading platform.
2. Click Registration: Locate and click the "Open Account" button.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select the desired account type (Standard, ECN, etc.).
5. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
6. Document Upload: Upload required verification documents.
7. Account Verification: Wait for the account to be verified by the tsl team.
8. Fund Your Account: Deposit funds 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, but mobile may have a streamlined interface for easier navigation.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are in the correct format and within size limits.
• Issue: Account not verified after several days.
• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Log into your account, navigate to account settings, and select the option to upgrade or downgrade your account type. Follow the prompts to complete the process.

tsl Demo Account Guide

Demo Account Features and Benefits

• Provides a virtual balance for risk-free trading.
• Access to all trading instruments available in live accounts.
• Ideal for practicing strategies and familiarizing with the trading platform.

How to Open a Demo Account

• Follow the same registration steps as for a live account but select the demo account option.

Demo Account Limitations

• No real profits can be made.
• Limited to virtual trading only.

Virtual Balance Amount

• Typically set at $10,000 for practice.

Demo vs Live Account Differences

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

Duration/Expiry of Demo Accounts

• Demo accounts may have a set duration (often 30-90 days) or can remain active until the user decides to transition to a live account.

tsl Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available and comply with Sharia law.

Eligibility Requirements

• Must be a practicing Muslim seeking a compliant trading environment.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees for overnight positions.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process.

Restrictions or Special Conditions

• May have limitations on certain trading instruments.

FAQs – tsl Account Types & Opening

1. What account types does tsl offer？

• tsl 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: $0.

1. How long does tsl account verification take？

• Verification typically takes 1-3 business days.

1. Does tsl offer demo accounts？

• Yes, tsl offers demo accounts for practice trading.

1. Can I have multiple account types with tsl？

• Yes, you can have multiple account types.

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

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

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

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

1. Can I change my account type after registration？

• Yes, you can upgrade or downgrade your account type through your account settings.