What Account Types and Fees Does Taurex Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Zero |
Beginners & Casual Traders |
No commissions, low spreads starting from 1.6 pips |
Minimum deposit of $100, suitable for new traders |
| Pro Zero |
Intermediate Traders |
Better spreads from 1.2 pips, no commission |
Minimum deposit of $500, ideal for more serious trading |
| Raw Account |
Experienced Traders |
Ultra-tight spreads starting from 0.0 pips, $2.0 commission per side |
Minimum deposit of $500, designed for high-frequency trading |
| Islamic Account |
Traders Seeking Swap-Free Options |
Swap-free trading to comply with Islamic finance principles |
Available for all account types upon request |
| Demo Account |
All Types of Traders |
Practice trading without financial risk |
Free to open, ideal for learning and strategy testing |
Account Opening Process
To open an account with Taurex, traders must follow a straightforward process:
1. Personal Information: Fill out an application form with personal details, including name, address, and contact information.
2. Employment Information: Provide information regarding your employment status and occupation to assess your trading experience.
3. Financial Information: Submit financial details such as income level and net worth to assist in understanding your trading needs.
4. Identity Verification: Upload required documents for identity verification, such as a government-issued ID and proof of address (e.g., utility bill).
5. Account Flexibility: After the initial account setup, traders have the option to upgrade from a retail account to a professional account if they meet specific criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (Raw: $2.0/side) |
Tight spreads for major pairs |
| CFDs (Stocks) |
1.2 |
$0 |
Competitive pricing on major stocks |
| CFDs (Indices) |
1.5 |
$0 |
Low-cost trading on indices |
| Cryptos (BTC/USD) |
1.0% |
$0.1 |
Variable depending on market conditions |
Other Fees
In addition to trading fees, Taurex has a few other costs that traders should be aware of:
– Deposit/Withdrawal Fees: Generally, there are no fees for deposits or withdrawals; however, some methods may incur charges.
– Inactivity Fees: Accounts inactive for an extended period may be subject to a monthly inactivity fee.
– Platform Usage Fees: No additional fees for using the trading platforms (MT4, MT5, Taurex App).
– Overnight Interest (Swap Rates): Applicable for positions held overnight, may vary based on the account type.
– Currency Conversion Fees: If trading in a currency different from the account base currency, conversion fees may apply.
