Introducing the Tradeview account type.
Tradeview was founded in 2004 and is one of the long-established broker and Tradeview is a very famous and highly evaluated broker in the world.
Tradeview offers two account types.
- ILC (Innovative Liquidity Connector) Account
- X leverage Account
In this article, after thoroughly comparing each account type based on specifications and trading conditions, I will clarify the characteristics and precautions for each account type and carefully explain which account is suitable for which type of trader.
- I want to know Tradeview account types.
- I want to know specifications and conditions of each account.
- I’m not sure which account type is the best for me.
Tradeview All Account Types
First, let’s compare the all account types offered by Tradeview.
The color of the part that seems to be a point has been changed.
Let’s take a quick look at what kind of specifications and conditions are different.
| ILC | X Leverage | |
|---|---|---|
| Method | ECN | STP |
| Platform | MT4,MT5 | MT4,MT5 |
| Base currency | USD,EUR,GBP,JPY | USD,EUR,GBP,JPY |
| Contract size | 1 lot = 100,000 | 1 lot = 100,000 |
| Min trade volume | 0.1 lot | 0.01 lot |
| Max leverage | 1:100 | 1:400 |
| Margin call | X | X |
| Stop out | 100% | 100% |
| NBP | ✓ | ✓ |
| Min spread | 0.0pips~ | 1.6pips~ |
| Commission fee | Round $5/lot | X |
| Lot restriction per ticket | 75 lots | 75 lots |
| Max orders | 200 positions | 200 positions |
| Min deposit | $1,000 | $100 |
| EA | ✓ | ✓ |
| Scalping | ✓ | ✓ |
| Stop level | 0.0pips | 0.0pips |
Characteristics of each account type
I will briefly explain the characteristics of each account type.
Tradeview ILC Account
Tradeview’s ILC account.
The ILC account is ECN method account and there is a transaction fee.
The transaction fee is $5 for a round trip per lot.
It is the lowest level in the industry.
Also, the minimum spread is 0.0 pips, so it is a recommended account for traders who want to keep transaction costs down.
Please note that the maximum leverage is low.
ILC accounts can be leveraged up to 1:100.
The minimum deposit is $1000, which is a little higher.
This account type is suitable for traders who want to keep commissions as low as possible and trade frequently.
is recommended for traders like;
- Low leverage is fine
- Do frequent trading such as scalping
- Large lots trader
- Having enough capital
Tradeview X Leverage Account
Tradeview’s X Leverage account.
The X Leverage account is an STP method, which is called a standard account by other brokers.
The trading conditions for the X Leverage account are very standard.
The maximum leverage is 1:500, and all products can be traded.
Tradeview’s X Leverage account has a minimum deposit of $ 100, allowing you to start trading with a small margin.
is recommended for traders lke;
- Want to start trading with smaller margin
Common Conditions of All Account Types
In addition, I will introduce the specifications that are common to all account types.
Tradeview Trading Platforms
Tradeview allows to user both of MT4 and MT5.
Tradeview Stop Out level
Tradeview’s Stop Out level is 100%.
It’s more conservative than other brokers.
And there is no margin call.
Tradeview Negative Balance Protection System
Of course, NBP applies to all accounts.
Does Tradeview allow to use EA (Expert Advisor) tool?
Yes, you can use any EA on Tradeview.
Does Tradeview allow scalping trading?
Tradeview does not prohibit scalping trading.
Tradeview offers 0.0 pips stop levels in all account types.
Tradeview is quite suitable for scalping, which aims for small price movements and accumulates profits with low risk.
The Tradeview stop level is summarized in detail in the separate article “Tradeview Stop Level | Conditions for Scalping, Stop/Limit Orders“, so please refer to that as well.
Which is the most recommended account type in Tradeview
I recommend ILC account.
Tradeview’s ILC account has low transaction fees anyway.
However, the maximum leverage is 1:100, it is bit smaller than other brokers, so ILC is for traders with relatively small trading volume.
For those who want to take advantage of 400x high leverage and traders with large trading lots, I recommend the X Leverage account.
You can add up to 5 accounts in total in Tradeview.
If you want to create an ILC account first and get used to trading a little and try other account types, you can create an additional account.
Summary
How was it?
If you haven’t opened Tradeview account yet, please open an account by referring to the separate article “How to open Tradeview account“.
＼Just 3 minutes!!／
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