mahsl offers several account types tailored to meet the diverse needs of traders. Below is a detailed overview of each account type:
| Account Type | Minimum Deposit | Spread Type | Commission | Leverage | Target User Profile |
|---|---|---|---|---|---|
| Standard | $100 | Variable | None | Up to 1:500 | Beginners |
| ECN | $500 | Low | $5/lot | Up to 1:200 | Experienced traders |
| Pro | $1,000 | Fixed | Lower than ECN | Up to 1:300 | Professionals |
| Islamic | $500 | Variable | None | Up to 1:200 | Muslim traders |
| Demo | N/A | Same as live | N/A | Same as live | All traders |
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
Standard Account:
Low minimum deposit
User-friendly interface
No commission fees
ECN Account:
Tight spreads
Direct market access
Suitable for scalping
Pro Account:
Advanced trading tools
Lower commission fees
Priority support
Islamic Account:
Complies with Sharia law
No interest fees
Similar features to Standard or ECN
Demo Account:
Risk-free trading
Access to all trading instruments
Ideal for practice
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
To open a mahsl account, the following eligibility criteria must be met:
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.
Explore broker markets account types: forex/trading accounts with demo access.