I live in Thailand since 2016. I trade using the accounts of several Forex Brokers. I try to provide simple information based on my actual experience. For others, see [Profile].
Tradeview

Tradeview All Account Types | Which account is the best for you?

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.

Tradeview 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.

This article is recommended for people like
  • 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.

ILCX Leverage
MethodECNSTP
PlatformMT4,MT5MT4,MT5
Base currencyUSD,EUR,GBP,JPYUSD,EUR,GBP,JPY
Contract size1 lot = 100,0001 lot = 100,000
Min trade volume0.1 lot0.01 lot
Max leverage1:1001:400
Margin callXX
Stop out100%100%
NBP
Min spread0.0pips~1.6pips~
Commission feeRound $5/lotX
Lot restriction per ticket75 lots75 lots
Max orders200 positions200 positions
Min deposit$1,000$100
EA
Scalping
Stop level0.0pips0.0pips

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.

Tradeview ILC Account
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.

Tradeview Leverage Account
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.

Tradeview Stop Level | Conditions for Scalping, Stop/Limit OrdersI will explain the stop level of Tradeview. If the stop level is too wide, it is disadvantageous for trading. You lose the opportunity to make a profit because limit orders and stop limit orders do not be placed. I will also introduce the stop levels of major currencies....

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“.

Tradeview | How to Open an AccountPerfect explanation of how to open an trading account. What is the steps? What kind of document is needed for PLE and POA? You can know all and open an account within 3 minutes!...

\Just 3 minutes!!/
Open an Account

ABOUT ME
KandA
KandA
I live in Thailand since 2016. I trade using the accounts of several Forex Brokers. I try to provide simple information based on my actual experience. For others, see [Profile].