M&H broker Accounts

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

m h Account Types Explained

m h 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. Standard Account

• Minimum Deposit Requirement: USD 50
• Spread/Commission Structure: Low spread
• Leverage Options: Up to 1:2000
• Key Features: Access to MetaTrader 4 & 5, suitable for regular trading.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: USD 1,000
• Spread/Commission Structure: Ultra-low spread starting at USD 1.
• Leverage Options: Up to 1:2000
• Key Features: Direct market access, ideal for professional trading.
• Target User Profile: Advanced traders and professionals.
• Trading Instruments Available: Forex, commodities, indices.

3. Prime Account

• Minimum Deposit Requirement: USD 100
• Spread/Commission Structure: Extra-low spread.
• Leverage Options: Up to 1:2000
• Key Features: Enhanced trading conditions for high-volume traders.
• Target User Profile: Active traders with higher capital.
• Trading Instruments Available: Forex, commodities, indices.

4. Islamic Account

• Minimum Deposit Requirement: Same as Standard, ECN, or Prime accounts.
• Spread/Commission Structure: Similar to respective account types.
• Leverage Options: Up to 1:2000
• Key Features: Swap-free trading to comply with Islamic finance principles.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Simulated trading conditions.
• Leverage Options: Up to 1:2000.
• Key Features: Practice trading without financial risk.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account, Demo Account
• Intermediate Traders: Prime Account
• Advanced Traders: ECN Account
• Muslim Traders: Islamic Account

Detailed m h Account Features

Feature Comparison Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to popular trading platforms

• ECN Account:

• Direct market access

• Ultra-low spreads

• Suitable for high-frequency trading

• Prime Account:

• Enhanced trading conditions

• Lower costs for high-volume traders

• Access to advanced trading tools

• Islamic Account:

• Complies with Islamic finance principles

• No swaps or interest charges

• Flexible trading options

• Demo Account:

• Risk-free trading environment

• Ideal for practice and strategy testing

• Access to all trading instruments

Disadvantages of Each Account Type

• Standard Account:

• Limited features compared to ECN and Prime

• Higher spreads than ECN accounts

• ECN Account:

• Higher minimum deposit requirement

• May have additional commission fees

• Prime Account:

• Requires a higher initial investment

• Not suitable for casual traders

• Islamic Account:

• Limited availability of certain features

• May have specific trading conditions

• Demo Account:

• No real financial gains

• Limited to virtual funds and time

m h Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Availability may vary by country; check local regulations.
• Prohibited Countries: Specific countries may be restricted; refer to m h's website for details.
• Identity Verification Documents Needed: Government-issued ID (passport or driver's license).
• Proof of Residence Requirements: Utility bill or bank statement with current address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

• m h adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring identity verification and documentation.

Verification Time Frames

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

Step-by-Step m h Account Opening Guide

Detailed Registration Process

1. Visit the Website: Go to the m h official website.
2. Click Registration: Locate and click on the "Open Account" button.
3. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
4. Choose Account Type: Select the account type that best suits your trading needs.
5. Set Trading Preferences: Indicate your trading preferences and strategies.
6. Document Upload: Upload required documents for identity verification.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds into your account to start trading.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, though mobile may have a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and meet the required format.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes 1-3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

• Account type changes can usually be requested through customer support or the account management section of the website.

m h Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment for practicing trading.
• Access to all trading instruments available in live accounts.
• Ideal for testing strategies without financial risk.

How to Open a Demo Account

• Visit the m h website and select the "Open Demo Account" option.
• Fill in the required information and create your demo account.

Demo Account Limitations

• Limited to virtual funds and may have an expiration period.

Virtual Balance Amount

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

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money trading.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for a limited time; check specific terms on the m h website.

m h Islamic Account Details

Swap-free/Islamic Account Availability

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

Eligibility Requirements

• Must meet the standard account opening requirements and specify the need for an Islamic account.

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 or contact customer support for assistance.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions; refer to m h's terms for details.

FAQs – m h Account Types & Opening

1. What account types does m h offer？

• m h offers Standard, ECN, Prime, Islamic, and Demo accounts.

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

• Standard: USD 50, ECN: USD 1,000, Prime: USD 100, Islamic: Same as respective accounts, Demo: N/A.

1. How long does m h account verification take？

• Verification typically takes 1-3 business days.

1. Does m h offer demo accounts？

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

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

• Yes, you can open multiple account types as needed.

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

• Yes, m h offers Islamic accounts that comply with Sharia law.

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

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

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.