Taurus broker Accounts

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

Part 1: taurus Account Types Explained

Taurus offers a variety of account types tailored to different trading needs and levels of experience. Below is an overview of the available account types:

1. FREES Account

• Minimum Deposit Requirement: None after evaluation
• Spread/Commission Structure: All costs included upfront; no hidden fees
• Leverage Options: Flexible, based on trader performance
• Key Features: No activation fees after completing the evaluation; ideal for experienced traders
• Target User Profile: Advanced traders focused on long-term success
• Trading Instruments Available: Forex, commodities, indices, and more

2. PRIME Account

• Minimum Deposit Requirement: Lower upfront cost for the Challenge
• Spread/Commission Structure: One-time activation fee after evaluation
• Leverage Options: Flexible, based on trader performance
• Key Features: Ideal for those in the learning phase; pay activation fee only on successful evaluations
• Target User Profile: Beginners or traders navigating challenging market conditions
• Trading Instruments Available: Forex, commodities, indices, and more

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginner: PRIME Account
• Advanced: FREES Account

Part 2: Detailed taurus Account Features

Comparison of Features Across Different Account Types

Advantages of Each Account Type

• FREES Account:

• No activation fees

• Cost-effective for experienced traders

• Flexible trading conditions

• Access to various instruments

• PRIME Account:

• Lower upfront costs

• Flexibility in activation fees

• Suitable for learning traders

• Access to various instruments

Disadvantages of Each Account Type

• FREES Account:

• May not be suitable for beginners

• Requires a disciplined approach

• PRIME Account:

• Activation fee can be a barrier if not passed

• Limited to those who successfully complete the evaluation

Part 3: taurus Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old
• Geographic Restrictions: Available in most countries; check specific restrictions
• Prohibited Countries: Countries under international sanctions may be restricted
• Identity Verification Documents Needed:
• Government-issued ID (passport, driver's license)
• Proof of Residence Requirements:
• Recent utility bill or bank statement
• Additional Documentation for Professional Accounts:
• Proof of income or trading experience may be required

KYC/AML Compliance Procedures

• Completion of Know Your Customer (KYC) verification is mandatory
• Anti-Money Laundering (AML) checks are conducted during the registration process

Verification Time Frames

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

Part 4: Step-by-Step taurus Account Opening Guide

Detailed Step-by-Step Registration Process

1. Visit Website: Go to the official Taurus website.
2. Click Registration: Find and click on the "Open Account" button.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select either the FREES or PRIME account based on your trading needs.
5. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
6. Document Upload: Upload required identification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Once verified, deposit funds to start trading.
9. Start Trading: Access your trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile registration may have app-specific features for easier document upload.

Common Registration Issues and Solutions

• Issue: Document upload failure
• Solution: Ensure documents are in the correct format and within size limits.
• Issue: Verification delays
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Account approval typically takes 1-3 business days.

How to Upgrade/Downgrade Account Types

• Account type changes can be requested through customer support after logging into your account.

Part 5: taurus Demo Account Guide

Demo Account Features and Benefits

• Virtual Trading Environment: Practice trading without financial risk.
• Access to Trading Tools: Utilize the same tools available in live accounts.
• Learning Opportunity: Ideal for beginners to learn trading strategies.

How to Open a Demo Account

• Visit the Taurus website and select the option for a demo account registration.

Demo Account Limitations

• Limited trading conditions compared to live accounts.
• Virtual balance may not reflect real market conditions.

Virtual Balance Amount

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

Demo vs Live Account Differences

• Demo accounts do not involve real money; live accounts require actual funds.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for a limited time, often 30 days, but may be extendable.

Part 6: taurus Islamic Account Details

Swap-Free/Islamic Account Availability

• Currently, Taurus does not offer Islamic or swap-free accounts.

Eligibility Requirements

• Not applicable as no Islamic account is available.

Differences from Standard Accounts

• Not applicable as no Islamic account is available.

How to Apply for Islamic Account

• Not applicable as no Islamic account is available.

Restrictions or Special Conditions

• Not applicable as no Islamic account is available.

FAQs – taurus Account Types & Opening

1. What account types does taurus offer？

• Taurus offers FREES and PRIME accounts.

1. What is the minimum deposit for each account type？

• FREES has no minimum deposit after evaluation, while PRIME has a lower upfront cost.

1. How long does taurus account verification take？

• Verification typically takes 1-3 business days.

1. Does taurus offer demo accounts？

• Yes, Taurus provides demo accounts for practice trading.

1. Can I have multiple account types with taurus？

• Yes, you can request multiple account types after registration.

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

• No, Taurus does not currently offer Islamic or swap-free accounts.

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

• You need a government-issued ID and proof of residence.

1. Can I change my account type after registration？

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