Consultatio broker Accounts

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

Part 1: consultatio Account Types Explained

Available Account Types

1. Standard Account

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

1. ECN Account

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

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads starting from 0.5 pips, commission of $2 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Enhanced trading conditions, priority support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to 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.

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading with virtual funds, access to all trading instruments.
• Target User Profile: All levels, especially beginners.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: consultatio Account Features Comparison

Detailed consultatio Account Features

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: 1.5 pips

• ECN: 0.1 pips

• Pro: 0.5 pips

• Islamic: 1.5 pips

• Demo: 1.5 pips

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: 1 lot

• ECN: 0.1 lot

• Pro: 1 lot

• Islamic: 1 lot

• Demo: 1 lot

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability: Yes for Islamic Account.

• Swap-Free Options: Available for Islamic Account.

• Demo Account Features: Virtual funds, access to all trading instruments.

Advantages of Each Account Type

• Standard Account:

• User-friendly for beginners.

• No commission fees.

• Wide range of instruments.

• ECN Account:

• Tight spreads.

• Direct market access.

• Suitable for scalping and high-frequency trading.

• Pro Account:

• Enhanced trading conditions.

• Lower commission fees.

• Priority customer support.

• Islamic Account:

• Compliant with Sharia law.

• No interest fees.

• Available for all trading instruments.

• Demo Account:

• Risk-free practice environment.

• Access to all trading features.

• Helps build confidence before live trading.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• ECN Account:

• Requires higher minimum deposit.

• Commission fees can add up.

• Pro Account:

• Higher minimum deposit requirement.

• May not be suitable for beginners.

• Islamic Account:

• Limited to swap-free trading.

• Demo Account:

• No real profits.

• Limited duration for practice.

Part 3: consultatio Account Opening Requirements

consultatio Account Registration Requirements

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.

• Geographic Restrictions: Available globally, but may have restrictions in certain countries.

• Prohibited Countries: Specific countries may be restricted based on local regulations.

• Identity Verification Documents Needed:

• Government-issued ID (passport or national ID).

• Proof of residence (utility bill or bank statement).

• Additional Documentation for Professional Accounts:

• Business registration documents (if applicable).

• Proof of professional qualifications.

• KYC/AML Compliance Procedures:

• Complete identity verification.

• Submit necessary documents for compliance with regulations.

• Verification Time Frames:

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

Part 4: consultatio Account Opening Process

Step-by-Step consultatio Account Opening Guide

1. Visit Website and Click Registration: Go to the consultatio website and click on the registration button.
2. Personal Information Entry: Fill in your personal details such as 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 identity verification documents.
6. Account Verification: Wait for the consultatio team to verify your documents.
7. Fund Your Account: Once verified, fund your account using the available payment methods.
8. Start Trading: Begin trading with your new account.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with slight variations in layout.

Common Registration Issues and Solutions

• Issue: Document upload errors.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Delays in verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically 1-3 business days, depending on document submission and verification.

How to Upgrade/Downgrade Account Types

• Log into your account and navigate to the account settings to request an upgrade or downgrade.

Part 5: consultatio Demo Account Information

consultatio Demo Account Guide

• Demo Account Features and Benefits:

• Practice trading with virtual funds.

• Access to all trading instruments and features.

• How to Open a Demo Account:

• Follow the registration process and select the demo account option.

• Demo Account Limitations:

• Limited duration for use (typically 30 days).

• Virtual Balance Amount:

• Usually starts with a virtual balance of $10,000.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds; live accounts involve real money.

• Duration/Expiry of Demo Accounts:

• Demo accounts typically expire after 30 days unless extended.

Part 6: consultatio Islamic Account Details

consultatio Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, available for Muslim traders.

• Eligibility Requirements:

• Must adhere to Islamic finance principles.

• Differences from Standard Accounts:

• No swap fees charged on overnight positions.

• How to Apply for Islamic Account:

• Select the Islamic account option during the registration process.

• Restrictions or Special Conditions:

• Must comply with Sharia law in trading practices.

FAQs – consultatio Account Types & Opening

1. What account types does consultatio offer？

• Consultatio 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 consultatio account verification take？

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

1. Does consultatio offer demo accounts？

• Yes, consultatio offers demo accounts for practice trading.

1. Can I have multiple account types with consultatio？

• Yes, you can have multiple account types.

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

• Yes, consultatio offers Islamic accounts that are compliant with Sharia law.

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

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

1. Can I change my account type after registration？

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