MAFC broker Accounts

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

Part 1: mafc Account Types Overview

mafc Account Types Explained

MAFC offers several account types tailored to meet the diverse needs of traders. Below is a detailed overview of each account type, including their features and target user profiles.

Recommended Account Types by Trader Level

• Beginner: Standard Account
• Intermediate: ECN Account
• Advanced/Professional: Pro Account
• Muslim Traders: Islamic Account
• Practice: Demo Account

Part 2: mafc Account Features Comparison

Detailed mafc Account Features

The following table compares the features across different account types:

Advantages and Disadvantages of Each Account Type

Advantages:

• Standard Account: Low minimum deposit, user-friendly for beginners.
• ECN Account: Low spreads, direct market access, suitable for scalping.
• Pro Account: Advanced tools and analytics for professional trading.
• Islamic Account: Compliant with Sharia law, no swap fees.
• Demo Account: Risk-free environment to practice trading.

Disadvantages:

• Standard Account: Limited features for advanced trading.
• ECN Account: Higher minimum deposit and commission fees.
• Pro Account: High minimum deposit may not be accessible for all traders.
• Islamic Account: Limited to Muslim traders only.
• Demo Account: No real financial gain, limited duration.

Part 3: mafc Account Opening Requirements

mafc Account Registration Requirements

To open an account with MAFC, the following eligibility criteria and documentation are required:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Specific countries may be restricted; check MAFCs website for details.
• Prohibited Countries: Countries under sanctions or with trading restrictions.
• Identity Verification Documents Needed: Government-issued ID (passport or national ID).
• Proof of Residence Requirements: Utility bill or bank statement showing your name and address.
• Additional Documentation for Professional Accounts: Proof of trading experience or financial status may be required.

KYC/AML Compliance Procedures

MAFC adheres to strict KYC (Know Your Customer) and AML (Anti-Money Laundering) policies. All documents submitted will be verified to ensure compliance with regulatory standards.

Verification Time Frames

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

Part 4: mafc Account Opening Process

Step-by-Step mafc Account Opening Guide

1. Visit Website and Click Registration: Go to the MAFC website and find the registration option.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the account type that best suits your trading needs.
4. Set Trading Preferences: Indicate your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the necessary identification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Once verified, deposit funds into your trading account.
8. 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 app may offer a more streamlined experience.

Common Registration Issues and Solutions

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

Average Account Approval Time

Typically, account approval takes between 1-3 business days, depending on the volume of applications.

How to Upgrade/Downgrade Account Types

Account types can be changed by contacting customer support and providing the necessary documentation for the new account type.

Part 5: mafc Demo Account Information

mafc Demo Account Guide

Demo Account Features and Benefits:

• Practice trading without financial risk.
• Access to all trading instruments available in live accounts.
• Use of real market conditions to simulate trading.

How to Open a Demo Account

To open a demo account, visit the MAFC website or app, select the demo account option, and follow the registration steps.

Demo Account Limitations

Demo accounts may have limited duration and virtual balance amounts.

Virtual Balance Amount

Typically, demo accounts come with a virtual balance of $10,000, but this can vary.

Demo vs Live Account Differences

Demo accounts do not involve real money, while live accounts require actual deposits and involve real trading risks.

Duration/Expiry of Demo Accounts

Demo accounts usually expire after 30 days, but this can vary based on the broker's policies.

Part 6: mafc Islamic Account (if available)

mafc Islamic Account Details

Swap-Free/Islamic Account Availability:

MAFC offers an Islamic account option that is compliant with Sharia law.

Eligibility Requirements

To qualify for an Islamic account, traders must declare their adherence to Islamic principles.

Differences from Standard Accounts

Islamic accounts do not incur swap fees, making them suitable for Muslim traders.

How to Apply for Islamic Account

To apply, select the Islamic account option during the registration process and provide the necessary documentation.

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions; consult the MAFC website for detailed information.

FAQs – mafc Account Types & Opening

1. What account types does mafc offer？

• MAFC 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: $500.

1. How long does mafc account verification take？

• Account verification typically takes 1-3 business days.

1. Does mafc offer demo accounts？

• Yes, MAFC offers demo accounts for practice trading.

1. Can I have multiple account types with mafc？

• Yes, you can hold multiple account types.

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

• Yes, MAFC offers Islamic accounts that are compliant with Sharia law.

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

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

1. Can I change my account type after registration？

• Yes, you can change your account type by contacting customer support.