mahsl Account Types & Opening Guide 2025: Complete Comparison and Registration Steps
Part 1: mahsl Account Types Overview
mahsl Account Types Explained
mahsl offers several account types tailored to meet the diverse needs of traders. Below is a detailed overview of each account type:
- Standard Account
- Minimum Deposit Requirement: $100
- Spread/Commission Structure: Variable spreads starting from 1.0 pips
- Leverage Options: Up to 1:500
- Key Features: User-friendly interface, suitable for beginners
- Target User Profile: Beginners and casual traders
- Trading Instruments Available: Forex, commodities, indices
- ECN Account
- Minimum Deposit Requirement: $500
- Spread/Commission Structure: Low spreads starting from 0.1 pips plus a commission of $5 per lot
- Leverage Options: Up to 1:200
- Key Features: Direct market access, faster execution
- Target User Profile: Experienced traders and scalpers
- Trading Instruments Available: Forex, commodities, cryptocurrencies
- Pro Account
- Minimum Deposit Requirement: $1,000
- Spread/Commission Structure: Fixed spreads starting from 0.5 pips plus a lower commission
- Leverage Options: Up to 1:300
- Key Features: Advanced trading tools, priority customer support
- Target User Profile: Professional traders and institutions
- Trading Instruments Available: Forex, commodities, indices, stocks
- Islamic Account
- Minimum Deposit Requirement: $500
- Spread/Commission Structure: Similar to Standard or ECN accounts, but swap-free
- Leverage Options: Up to 1:200
- Key Features: Complies with Sharia law, no interest fees
- Target User Profile: Muslim traders
- Trading Instruments Available: Forex, commodities, indices
- Demo Account
- Minimum Deposit Requirement: N/A (virtual funds)
- Spread/Commission Structure: Same as live accounts
- Leverage Options: Same as live accounts
- 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, 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: mahsl Account Features Comparison
Detailed mahsl Account Features
The following features are compared across the different mahsl account types:
Minimum Deposit:
Standard: $100
ECN: $500
Pro: $1,000
Islamic: $500
Demo: N/A
Maximum Leverage:
Standard: Up to 1:500
ECN: Up to 1:200
Pro: Up to 1:300
Islamic: Up to 1:200
Spreads (Typical/Minimum):
Standard: From 1.0 pips
ECN: From 0.1 pips
Pro: From 0.5 pips
Islamic: Similar to Standard or ECN
Commission Fees:
Standard: None
ECN: $5 per lot
Pro: Lower than ECN
Islamic: None
Lot Size:
Standard: Micro, Mini, Standard
ECN: Micro, Mini, Standard
Pro: Mini, Standard
Islamic: Micro, Mini, Standard
Available Trading Platforms:
All accounts: MT4, MT5, proprietary platform
Execution Type:
Standard: Market
ECN: ECN
Pro: Instant
Islamic: Market
Islamic Account Availability:
Available for Islamic Account
Swap-Free Options:
Available for Islamic Account
Demo Account Features:
Virtual funds, access to all instruments
Advantages of Each Account Type
Disadvantages of Each Account Type
-
Standard Account:
Higher spreads compared to ECN
Limited advanced features
ECN Account:
Higher minimum deposit
Commission fees apply
Pro Account:
High minimum deposit
May not be suitable for beginners
Islamic Account:
Limited to Muslim traders
May have higher spreads
Demo Account:
Virtual funds may not reflect real market conditions
Limited duration for practice
Part 3: mahsl Account Opening Requirements
mahsl Account Registration Requirements
To open a mahsl account, the following eligibility criteria must be met:
- Age Requirements: Minimum age of 18 years
- Geographic Restrictions: Not available in certain jurisdictions (specific countries may be restricted)
- Prohibited Countries: Countries under sanctions or restrictions may not be eligible
- Identity Verification Documents Needed:
- Government-issued ID (passport or driver's license)
- Proof of address (utility bill or bank statement)
- Proof of Residence Requirements: Recent documents showing the address
- Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience
KYC/AML Compliance Procedures
- Completion of Know Your Customer (KYC) checks
- Anti-Money Laundering (AML) compliance verification
Verification Time Frames
- Account verification typically takes 1-3 business days, depending on the completeness of submitted documents.
Part 4: mahsl Account Opening Process
Step-by-Step mahsl Account Opening Guide
- Visit Website and Click Registration: Go to the official mahsl website and click on the registration link.
- Personal Information Entry: Fill in personal details such as name, email, and phone number.
- Choose Account Type: Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).
- Set Trading Preferences: Specify trading preferences and risk tolerance.
- Document Upload: Upload required identification and proof of residence documents.
- Account Verification: Wait for the verification process to complete.
- Fund Your Account: Deposit the minimum required amount to start trading.
- Start Trading: Access the trading platform and begin trading.
Desktop vs Mobile Registration Differences
- Desktop registration may offer a more comprehensive view of account types and features, while mobile registration is streamlined for quick access.
Common Registration Issues and Solutions
- Issue: Document upload failure
- Solution: Ensure documents are in the correct format and within size limits.
- Issue: Account verification delays
- Solution: Contact customer support for assistance.
Average Account Approval Time
- Typically, account approval takes 1-3 business days.
How to Upgrade/Downgrade Account Types
- Log into your account and navigate to the account settings to request an upgrade or downgrade.
mahsl Demo Account Guide
-
Demo Account Features and Benefits:
Practice trading with virtual funds
Access to all trading instruments
No financial risk involved
How to Open a Demo Account:
Follow the account opening process, selecting "Demo Account" as the account type.
Demo Account Limitations:
Limited duration (typically 30 days)
Virtual funds may not reflect real market conditions
Virtual Balance Amount:
Usually set at $10,000 or similar for practice.
Demo vs Live Account Differences:
Demo accounts use virtual funds; live accounts involve real money trading.
Duration/Expiry of Demo Accounts:
Demo accounts typically expire after 30 days unless extended.
Part 6: mahsl Islamic Account Details
mahsl Islamic Account Details
- Swap-Free/Islamic Account Availability: Yes, available for Muslim traders.
- Eligibility Requirements: Must provide documentation confirming Muslim status.
- Differences from Standard Accounts: No swap fees; otherwise similar features.
- How to Apply for Islamic Account: Indicate preference during the registration process.
- Restrictions or Special Conditions: Must adhere to Islamic finance principles.
FAQs – mahsl Account Types & Opening
- What account types does mahsl offer?
- Standard, ECN, Pro, Islamic, and Demo accounts.
- What is the minimum deposit for each account type?
- Standard: $100, ECN: $500, Pro: $1,000, Islamic: $500, Demo: N/A.
- How long does mahsl account verification take?
- Typically 1-3 business days.
- Does mahsl offer demo accounts?
- Yes, mahsl offers demo accounts for practice trading.
- Can I have multiple account types with mahsl?
- Yes, traders can open multiple account types.
- Does mahsl offer Islamic/swap-free accounts?
- Yes, Islamic accounts are available.
- What documents do I need to open a mahsl account?
- Government-issued ID and proof of residence.
- Can I change my account type after registration?
- Yes, you can request to upgrade or downgrade your account type.
MAHSL accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .