Turk Eximbank broker Accounts

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

turk eximbank Account Types Explained

Türk Eximbank offers a variety of account types tailored to meet the needs of different traders. Below is an overview of the available account types, including their features and requirements.

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
• Leverage Options: Up to 1:100.
• Key Features: Basic trading features suitable for beginners.
• Target User Profile: Ideal for novice traders.
• Trading Instruments Available: Forex, commodities, and indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of $5 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access with lower spreads.
• Target User Profile: Suitable for experienced traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; commission of $3 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Advanced trading tools and features.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, depending on the chosen type.
• Leverage Options: Up to 1:100.
• Key Features: Swap-free trading in compliance with Islamic finance principles.
• Target User Profile: Traders seeking Sharia-compliant trading options.
• Trading Instruments Available: Forex, commodities, and indices.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Similar to live accounts.
• Leverage Options: Up to 1:100.
• Key Features: Practice trading without financial risk.
• Target User Profile: Beginners and those wanting to test strategies.
• Trading Instruments Available: Same as live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed turk eximbank Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account: Easy to open, no commission fees, suitable for beginners.
• ECN Account: Lower spreads, direct market access, ideal for scalping.
• Pro Account: Advanced features, lower commission, suitable for high-volume trading.
• Islamic Account: Compliance with Islamic finance, no swap fees.
• Demo Account: Risk-free trading, practice strategies, familiarization with the platform.

Disadvantages of Each Account Type

• Standard Account: Limited features compared to ECN and Pro accounts.
• ECN Account: Requires higher minimum deposit, commission fees apply.
• Pro Account: Higher minimum deposit, may be complex for beginners.
• Islamic Account: Limited availability of trading instruments.
• Demo Account: No real financial gain, limited duration.

turk eximbank Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of Turkey and select international clients.
• Prohibited Countries: Specific countries may be restricted; check with the bank for details.
• Identity Verification Documents Needed:
• Valid government-issued ID (passport or national ID).
• Recent utility bill or bank statement as proof of residence.
• Proof of Residence Requirements: Must provide documentation showing current address.
• Additional Documentation for Professional Accounts: Business registration documents and financial statements may be required.

KYC/AML Compliance Procedures

• Türk Eximbank adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.
• Clients must provide accurate information and documentation during the registration process.

Verification Time Frames

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

Step-by-Step turk eximbank Account Opening Guide

Detailed Step-by-Step Registration Process

1. Visit Website and Click Registration: Go to the Türk Eximbank website and locate the account registration section.
2. Personal Information Entry: Fill in personal details including name, email, and phone number.
3. Choose Account Type: Select the desired account type based on your trading needs.
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for the bank to verify your documents and information.
7. Fund Your Account: Once verified, deposit funds into your account to start trading.
8. 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 the mobile interface may have simplified navigation.

Common Registration Issues and Solutions

• Issue: Document upload failure.

  Solution: Ensure documents are in the correct format and within size limits.

• Issue: Delayed verification.

  Solution: Contact customer support for assistance.

Average Account Approval Time

• The average account approval time is between 1-3 business days, depending on document verification.

How to Upgrade/Downgrade Account Types

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

turk eximbank Demo Account Guide

Demo Account Features and Benefits

• Features: Access to the full range of trading instruments, similar trading conditions as live accounts.
• Benefits: Allows traders to practice strategies without financial risk.

How to Open a Demo Account

• Visit the Türk Eximbank website and select the demo account option. Follow the registration steps similar to opening a live account.

Demo Account Limitations

• Duration/Expiry: Demo accounts may have a limited duration, typically 30-90 days.
• Virtual Balance Amount: Usually starts with a virtual balance of $10,000 or similar.

Demo vs Live Account Differences

• Demo accounts use virtual funds and do not generate real profits or losses, while live accounts involve real money.

turk eximbank Islamic Account Details

Swap-Free/Islamic Account Availability

• Türk Eximbank offers Islamic accounts that comply with Sharia law, providing swap-free trading options.

Eligibility Requirements

• Traders must indicate their request for an Islamic account during the registration process.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for traders who wish to avoid interest.

How to Apply for Islamic Account

• During the account registration process, select the Islamic account option and provide necessary documentation.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions and available instruments; check with the bank for details.

FAQs – turk eximbank Account Types & Opening

1. What account types does turk eximbank offer？

• Türk Eximbank 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 turk eximbank account verification take？

• Verification typically takes 1-3 business days.

1. Does turk eximbank offer demo accounts？

• Yes, Türk Eximbank provides demo accounts for practice trading.

1. Can I have multiple account types with turk eximbank？

• Yes, traders can open multiple account types as needed.

1. Does turk eximbank offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available for traders seeking swap-free options.

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

• A valid ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, account type changes can be requested through customer support.