M&G broker Accounts

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

Part 1: m g Account Types Explained

Available Account Types

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 major currency pairs, and basic trading tools.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, and indices.

1. 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: Intermediate to advanced traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips, commission of $2 per lot.
• Leverage Options: Up to 1:100.
• Key Features: Advanced trading tools, higher leverage, and access to exclusive market analysis.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Swap-free trading options to comply with Islamic law.
• Target User Profile: Muslim traders seeking compliance with Sharia law.
• Trading Instruments Available: Forex, commodities, and indices.

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (usually $10,000).
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading without risk, access to all trading instruments.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: m g Account Features Comparison

Detailed m g Account Features

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:100

• Islamic: Up to 1:500

• Demo: Up to 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: From 0.5 pips

• Islamic: Same as Standard

• Demo: Same as 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 accounts.

• Swap-Free Options: Available for Islamic accounts.

• Demo Account Features: Unlimited access to virtual funds, all trading instruments available.

• Advantages of Each Account Type:

• Standard: Easy to use, no commissions, suitable for beginners.

• ECN: Lower spreads, faster execution, direct market access.

• Pro: Advanced tools, lower commissions, suitable for professionals.

• Islamic: Complies with Sharia law, no swap fees.

• Demo: Risk-free trading, practice strategies.

• Disadvantages of Each Account Type:

• Standard: Higher spreads compared to ECN.

• ECN: Requires higher minimum deposit, commissions apply.

• Pro: Higher minimum deposit, limited leverage.

• Islamic: Limited to specific trading conditions.

• Demo: No real profits, limited to virtual funds.

Part 3: m g Account Registration Requirements

m g Account Registration Requirements

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.

• Geographic Restrictions: Not available in certain countries (specific countries may vary).

• Prohibited Countries: Check with m g for a list of restricted countries.

• Identity Verification Documents Needed:

• Government-issued ID (passport or drivers license).

• Proof of residence (utility bill or bank statement).

• Additional Documentation for Professional Accounts:

• Business registration documents (if applicable).

• Financial statements (for institutional accounts).

• KYC/AML Compliance Procedures:

• Complete identity verification.

• Submit required documents for review.

• Verification Time Frames:

• Typically takes 1-3 business days for account verification.

Part 4: m g Account Opening Process

Step-by-Step m g Account Opening Guide

1. Visit Website and Click Registration: Go to the m g website and find the registration button.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the type of account you wish to open (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
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, fund your account using your preferred payment method.
8. Start Trading: Access the trading platform and begin trading.

• Desktop vs Mobile Registration Differences: The registration process is similar on both platforms, but mobile may have additional security features.
• Common Registration Issues and Solutions: Ensure all documents are clear and legible; check for any missing information.
• Average Account Approval Time: Typically 1-3 business days.
• How to Upgrade/Downgrade Account Types: Contact customer support for assistance with changing account types.

Part 5: m g Demo Account Information

m g Demo Account Guide

• Demo Account Features and Benefits:

• Access to all trading instruments.

• Practice trading strategies without financial risk.

• Unlimited virtual funds for trading.

• How to Open a Demo Account: Follow the same registration process, selecting the demo account option.

• Demo Account Limitations: No real profits can be made; limited to virtual trading.

• Virtual Balance Amount: Typically set at $10,000 in virtual funds.

• Demo vs Live Account Differences: Demo accounts use virtual funds, while live accounts involve real money and trading conditions.

• Duration/Expiry of Demo Accounts: Demo accounts may expire after a certain period (usually 30 days), but can often be renewed.

Part 6: m g Islamic Account Details

m g Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, m g offers Islamic accounts that comply with Sharia law.

• Eligibility Requirements: Must provide proof of Islamic faith and comply with account opening requirements.

• Differences from Standard Accounts: No swap fees apply, and trading conditions are adjusted to comply with Islamic principles.

• How to Apply for Islamic Account: Select the Islamic account option during the registration process and provide necessary documentation.

• Restrictions or Special Conditions: Must adhere to specific trading conditions set forth by m g.

FAQs – m g Account Types & Opening

1. What account types does m g offer？

• m g 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: Virtual funds.

1. How long does m g account verification take？

• Verification typically takes 1-3 business days.

1. Does m g offer demo accounts？

• Yes, m g provides demo accounts for practice trading.

1. Can I have multiple account types with m g？

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

1. Does m g offer Islamic/swap-free accounts？

• Yes, m g has Islamic accounts available for compliant trading.

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

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

1. Can I change my account type after registration？

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