Rangoli broker Accounts

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

rangoli Account Types Explained

Rangoli offers several account types tailored to meet the needs of different traders, from beginners to advanced users. Below is an overview of the available account types, including their key features, minimum deposit requirements, and target user profiles.

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: User-friendly interface, access to all trading instruments, and educational resources.
• Target User Profile: Beginners and casual 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 $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads from 0.5 pips; commission of $2 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Advanced trading tools, priority customer support, and tailored services.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: All instruments including forex, stocks, and ETFs.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to the Standard account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Compliance with Sharia law, no interest on overnight positions.
• Target User Profile: Muslim traders seeking halal trading options.
• Trading Instruments Available: Forex, commodities, and indices.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Similar to Standard account.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading with virtual funds, access to all trading instruments.
• Target User Profile: Beginners and those looking to test strategies.
• Trading Instruments Available: All instruments available in live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed rangoli Account Features

Comparison of Features Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:300

• Islamic: Up to 1:500

• Demo: Up to 1:500

• Spreads:

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: From 0.5 pips

• Islamic: Similar to Standard

• Demo: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Micro, Mini, Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• 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 only.

• Swap-Free Options: Available for Islamic Accounts.

• Demo Account Features: Virtual funds for practice, access to all instruments, no time limit.

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit
• User-friendly for beginners
• Access to educational resources
• Disadvantages:
• Higher spreads compared to ECN
• Limited advanced features

ECN Account

• Advantages:
• Tight spreads
• Fast execution speeds
• Ideal for scalpers
• Disadvantages:
• Higher minimum deposit
• Commission fees apply

Pro Account

• Advantages:
• Advanced trading tools
• Lower commission fees
• Priority customer support
• Disadvantages:
• High minimum deposit
• More complex for beginners

Islamic Account

• Advantages:
• Compliant with Sharia law
• No swap fees
• Similar features to Standard account
• Disadvantages:
• Limited to specific trading instruments

Demo Account

• Advantages:
• Risk-free practice
• Access to all trading instruments
• No time limit for use
• Disadvantages:
• No real money trading experience
• Limited to virtual funds

rangoli Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries; specific restrictions may apply.
• Prohibited Countries: Countries under international sanctions may be restricted.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Recent documents showing the applicant's name and address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks, which include identity verification and proof of residence.

Verification Time Frames

• Account verification typically takes 1 to 3 business days.

Step-by-Step rangoli Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Go to the official rangoli website and select the registration option.
2. Personal Information Entry: Fill in 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: Specify trading preferences, including leverage and trading instruments.
5. Document Upload: Upload required documents for identity verification.
6. Account Verification: Wait for the verification process, which may take 1 to 3 business days.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once verified and funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, though the mobile interface may have a simplified layout.

Common Registration Issues and Solutions

• Issue: Document upload failures.
• 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, account approval takes 1 to 3 business days.

How to Upgrade/Downgrade Account Types

• Users can request to change their account type through the customer support portal or account management section.

rangoli Demo Account Guide

Demo Account Features and Benefits

• The demo account allows users to practice trading without financial risk, using virtual funds to simulate real trading conditions.

How to Open a Demo Account

• Visit the rangoli website and select the demo account option, then follow the registration steps similar to opening a live account.

Demo Account Limitations

• The demo account has a virtual balance and does not provide real trading experience.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $10,000 or more.

Demo vs Live Account Differences

• The demo account uses virtual funds, while the live account involves real money and trading conditions.

Duration/Expiry of Demo Accounts

• Demo accounts may remain active for a limited time, usually 30 days, but this can vary by provider.

rangoli Islamic Account Details

Swap-Free/Islamic Account Availability

• Rangoli offers Islamic accounts that comply with Sharia law, allowing for trading without interest.

Eligibility Requirements

• Applicants must indicate their preference for an Islamic account during the registration process.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees and may have specific trading conditions.

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 limitations on certain trading instruments or strategies.

FAQs – rangoli Account Types & Opening

1. What account types does rangoli offer？

• Rangoli 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 rangoli account verification take？

• Account verification typically takes 1 to 3 business days.

1. Does rangoli offer demo accounts？

• Yes, rangoli offers demo accounts for practice trading.

1. Can I have multiple account types with rangoli？

• Yes, users can open multiple accounts of different types.

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

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

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

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

1. Can I change my account type after registration？

• Yes, users can request to upgrade or downgrade their account types through customer support.