Picasso broker Accounts

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

Part 1: picasso Account Types Overview

picasso Account Types Explained

Picasso offers several account types tailored to different trading styles and preferences. Below is a comprehensive overview of each account type, including their features and requirements.

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account
• Muslim Traders: Islamic Account
• All Levels: Demo Account for practice

Part 2: picasso Account Features Comparison

Detailed picasso Account Features

The following table provides a detailed comparison of features across different account types:

Advantages of Each Account Type

• Standard Account:
• User-friendly interface
• No commission fees
• High leverage options
• ECN Account:
• Direct market access
• Tight spreads
• Suitable for scalping
• Pro Account:
• Lowest spreads
• Advanced tools for professional trading
• Higher leverage
• Islamic Account:
• Compliant with Sharia law
• No swap fees
• Standard trading conditions
• Demo Account:
• Risk-free trading environment
• Access to all trading instruments
• Ideal for practice and strategy testing

Disadvantages of Each Account Type

• Standard Account:
• Higher spreads compared to ECN
• ECN Account:
• Requires a higher minimum deposit
• Commission fees may apply
• Pro Account:
• Higher minimum deposit requirement
• More complex for beginners
• Islamic Account:
• Limited to Muslim traders
• Demo Account:
• Limited duration
• No real money trading experience

Part 3: picasso Account Opening Requirements

picasso Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries, but specific regions may be restricted.
• Prohibited Countries: Countries under international sanctions may be prohibited from opening accounts.

Identity Verification Documents Needed

• Government-issued photo ID (passport, national ID)
• Proof of residence (utility bill, bank statement)

Additional Documentation for Professional Accounts

• Business registration documents (if applicable)
• Financial statements (for higher-tier accounts)

KYC/AML Compliance Procedures

• Complete Know Your Customer (KYC) verification during registration.
• Anti-Money Laundering (AML) checks performed on all accounts.

Verification Time Frames

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

Part 4: picasso Account Opening Process

Step-by-Step picasso Account Opening Guide

1. Visit Website and Click Registration: Navigate to the official Picasso website and select the "Register" option.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the account type that best suits your trading needs.
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Once verified, deposit the minimum required amount to start trading.
8. Start Trading: Access your trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with mobile offering a more streamlined interface.

Common Registration Issues and Solutions

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

Average Account Approval Time

• Account approval generally takes 1-3 business days, depending on the verification load.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an account type change, which may require additional documentation or verification.

Part 5: picasso Demo Account Information

picasso Demo Account Guide

Demo Account Features and Benefits

• Access to all trading instruments available in live accounts.
• Ideal for practicing trading strategies without financial risk.

How to Open a Demo Account

• Select the "Demo Account" option on the Picasso website and complete the registration process.

Demo Account Limitations

• Limited duration (typically 30 days).
• No real money trading experience.

Virtual Balance Amount

• Demo accounts usually come with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts do not involve real money and may not reflect real market conditions.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days but may be extended upon request.

Part 6: picasso Islamic Account Details

picasso Islamic Account Details

Swap-free/Islamic Account Availability

• Picasso offers an Islamic account option that is compliant with Sharia law.

Eligibility Requirements

• Must be a Muslim trader to qualify for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for long-term trading.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process and provide necessary documentation.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions that differ from standard accounts.

FAQs – picasso Account Types & Opening

1. What account types does picasso offer？

• Picasso 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 picasso account verification take？

• Account verification typically takes 1-3 business days.

1. Does picasso offer demo accounts？

• Yes, Picasso offers demo accounts for practice trading.

1. Can I have multiple account types with picasso？

• Yes, you can open multiple account types as per your trading needs.

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

• Yes, Picasso provides Islamic accounts that comply with Sharia law.

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

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

1. Can I change my account type after registration？

• Yes, you can request to change your account type through customer support.