tarallo Account Types & Opening Guide 2025: Complete Comparison and Registration Steps
Part 1: tarallo Account Types Overview
tarallo Account Types Explained
Tarallo offers several account types tailored to different trading needs and experiences. Below is an overview of each account type available:
- 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: Access to a wide range of trading instruments, including forex, commodities, and indices.
- Target User Profile: Suitable for beginners and intermediate traders.
- Trading Instruments Available: Forex, commodities, indices.
- ECN Account
- Minimum Deposit Requirement: $500
- Spread/Commission Structure: Raw spreads starting from 0.0 pips, commission of $5 per lot.
- Leverage Options: Up to 1:200.
- Key Features: Direct market access, faster execution speeds, and lower spreads.
- Target User Profile: Advanced traders and scalpers.
- Trading Instruments Available: Forex, commodities, indices.
- Pro Account
- Minimum Deposit Requirement: $1,000
- Spread/Commission Structure: Variable spreads starting from 1 pip, commission of $3 per lot.
- Leverage Options: Up to 1:400.
- Key Features: Enhanced trading conditions and priority customer support.
- Target User Profile: Professional traders and institutional clients.
- Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.
- Islamic Account
- Minimum Deposit Requirement: $100
- Spread/Commission Structure: Similar to Standard Account, no swap fees.
- Leverage Options: Up to 1:500.
- Key Features: Complies with Sharia law, no interest fees.
- Target User Profile: Muslim traders seeking compliant trading options.
- Trading Instruments Available: Forex, commodities, indices.
- Demo Account
- Minimum Deposit Requirement: Not applicable (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 traders looking to test strategies.
- Trading Instruments Available: Forex, commodities, indices.
Account Type Comparison Table
Recommended Account Types by Trader Level
- Beginners: Standard Account, Demo Account
- Intermediate: Standard Account, Pro Account
- Advanced: ECN Account, Pro Account
- Professional: Pro Account
Part 2: tarallo Account Features Comparison
Detailed tarallo Account Features
Below is a detailed comparison of features across different account types:
Minimum Deposit
Standard: $100
ECN: $500
Pro: $1,000
Islamic: $100
Demo: Not applicable
Maximum Leverage
Standard: 1:500
ECN: 1:200
Pro: 1:400
Islamic: 1:500
Demo: 1:500
Spreads (Typical/Minimum)
Standard: 1.5 pips
ECN: 0.0 pips
Pro: 1 pip
Islamic: 1.5 pips
Demo: Similar to Standard
Commission Fees
Standard: None
ECN: $5 per lot
Pro: $3 per lot
Islamic: None
Demo: N/A
Lot Size
Standard: Micro, Mini, Standard
ECN: Micro, Mini, Standard
Pro: 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
Standard: Yes
ECN: Yes
Pro: Yes
Islamic: N/A
Demo: N/A
Swap-Free Options
Standard: Yes
ECN: Yes
Pro: Yes
Islamic: N/A
Demo: N/A
Demo Account Features
Available for all account types with virtual funds.
Advantages of Each Account Type
-
Standard Account:
Low minimum deposit.
No commission fees.
Suitable for beginners.
ECN Account:
Tight spreads.
Direct market access.
Ideal for scalping.
Pro Account:
Enhanced trading conditions.
Priority support.
Suitable for professional traders.
Islamic Account:
Complies with Sharia law.
No swap fees.
Available for all instruments.
Demo Account:
Risk-free trading environment.
Practice strategies.
Access to all trading instruments.
Disadvantages of Each Account Type
-
Standard Account:
Higher spreads compared to ECN.
ECN Account:
Higher minimum deposit.
Commission fees apply.
Pro Account:
Requires a higher minimum deposit.
Commission fees apply.
Islamic Account:
Limited to Muslim traders.
Demo Account:
Virtual funds only.
Limited duration.
Part 3: tarallo Account Opening Requirements
tarallo 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 sanctions or restrictions may not be eligible.
Identity Verification Documents Needed
- Government-issued ID (passport, driver's license).
- Proof of residence (utility bill, bank statement).
Additional Documentation for Professional Accounts
- Proof of trading experience or qualifications may be required for Pro and ECN accounts.
KYC/AML Compliance Procedures
- All clients must complete KYC (Know Your Customer) and AML (Anti-Money Laundering) checks during registration.
Verification Time Frames
- Account verification typically takes 1-3 business days, depending on the completeness of submitted documents.
Part 4: tarallo Account Opening Process
Step-by-Step tarallo Account Opening Guide
- Visit Website and Click Registration: Go to the official tarallo website and find the registration button.
- Personal Information Entry: Fill in your personal details, including name, email, and phone number.
- Choose Account Type: Select the account type that best suits your trading needs.
- Set Trading Preferences: Indicate your trading preferences, including leverage and trading instruments.
- Document Upload: Upload the required identity verification documents.
- Account Verification: Wait for the account to be verified by tarallos compliance team.
- Fund Your Account: Once verified, deposit funds into your account using available payment methods.
- Start Trading: Begin trading with your new account.
Desktop vs Mobile Registration Differences
- The registration process is similar on both desktop and mobile platforms, but the mobile interface may have a simplified layout.
Common Registration Issues and Solutions
-
Issue: Document upload errors.
Solution: Ensure documents are clear and in the correct format.
Issue: Delayed verification.
Solution: Contact customer support for assistance.
Average Account Approval Time
- Typically, account approval takes 1-3 business days.
How to Upgrade/Downgrade Account Types
- Account upgrades or downgrades can be requested through the client portal or by contacting customer support.
tarallo Demo Account Guide
Demo Account Features and Benefits
- Risk-free trading environment with virtual funds.
- Access to all trading instruments available in live accounts.
- Ideal for practicing strategies and familiarizing with the trading platform.
How to Open a Demo Account
- Follow the same registration steps as for a live account but select the demo account option.
Demo Account Limitations
- Limited duration (typically 30 days).
- Virtual funds only, no real trading.
Virtual Balance Amount
- The demo account usually comes with a virtual balance of $10,000.
Demo vs Live Account Differences
- Demo accounts use virtual funds, while live accounts require real money deposits.
Duration/Expiry of Demo Accounts
- Demo accounts typically expire after 30 days of inactivity.
Part 6: tarallo Islamic Account Details
tarallo Islamic Account Details
Swap-Free/Islamic Account Availability
- Tarallo offers Islamic accounts that comply with Sharia law.
Eligibility Requirements
Differences from Standard Accounts
- Islamic accounts do not incur swap fees.
How to Apply for Islamic Account
- Select the Islamic account option during the registration process.
Restrictions or Special Conditions
- Islamic accounts may have specific trading conditions, such as limited leverage.
FAQs – tarallo Account Types & Opening
- What account types does tarallo offer?
- Tarallo offers Standard, ECN, Pro, Islamic, and Demo accounts.
- What is the minimum deposit for each account type?
- Standard: $100, ECN: $500, Pro: $1,000, Islamic: $100, Demo: Not applicable.
- How long does tarallo account verification take?
- Verification typically takes 1-3 business days.
- Does tarallo offer demo accounts?
- Yes, tarallo offers demo accounts for practice trading.
- Can I have multiple account types with tarallo?
- Yes, traders can have multiple account types.
- Does tarallo offer Islamic/swap-free accounts?
- Yes, tarallo provides Islamic accounts that are swap-free.
- What documents do I need to open a tarallo account?
- A government-issued ID and proof of residence are required.
- Can I change my account type after registration?
- Yes, you can request to upgrade or downgrade your account type through customer support.
Tarallo accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .