MANGAL KESHAV broker Accounts

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

Part 1: mangal keshav Account Types Explained

Mangal Keshav offers a variety of account types tailored to meet the diverse needs of traders and investors. Below is an overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: ₹5,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; commission may apply on certain trades.
• Leverage Options: Up to 1:50
• Key Features: Access to all trading instruments, including equities, commodities, and derivatives.
• Target User Profile: Suitable for beginners and intermediate traders.
• Trading Instruments Available: Stocks, commodities, derivatives.

2. ECN Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Raw spreads starting from 0.1 pips; commission of ₹20 per lot.
• Leverage Options: Up to 1:100
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Advanced traders and professionals.
• Trading Instruments Available: Forex, commodities, indices.

3. Pro Account

• Minimum Deposit Requirement: ₹25,000
• Spread/Commission Structure: Fixed spreads starting from 1 pip; lower commission rates.
• Leverage Options: Up to 1:200
• Key Features: Enhanced trading tools, priority customer support.
• Target User Profile: Experienced traders and institutional clients.
• Trading Instruments Available: Forex, commodities, indices, and stocks.

4. Islamic Account

• Minimum Deposit Requirement: ₹5,000
• Spread/Commission Structure: Similar to the Standard Account but without swap fees.
• Leverage Options: Up to 1:50
• Key Features: Compliant with Islamic finance principles, no interest on overnight positions.
• Target User Profile: Muslim traders seeking Sharia-compliant trading options.
• Trading Instruments Available: Stocks, commodities, derivatives.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Simulated trading environment with no real money involved.
• Leverage Options: Same as real accounts.
• Key Features: Practice trading strategies without financial risk.
• Target User Profile: Beginners and experienced traders testing new strategies.
• Trading Instruments Available: All instruments available in live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account, Demo Account
• Intermediate Traders: Standard Account, ECN Account
• Advanced Traders: ECN Account, Pro Account
• Institutional Clients: Pro Account

Part 2: Detailed mangal keshav Account Features

Account Features Comparison

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit
• Suitable for beginners
• Access to a variety of instruments
• Disadvantages:
• Higher spreads compared to ECN accounts
• Limited leverage options

ECN Account

• Advantages:
• Lower spreads
• Direct market access
• Suitable for high-frequency trading
• Disadvantages:
• Higher minimum deposit
• Commission fees may apply

Pro Account

• Advantages:
• Best for institutional clients
• Lower commission rates
• Enhanced trading tools
• Disadvantages:
• High minimum deposit
• Not suitable for beginners

Islamic Account

• Advantages:
• Compliant with Sharia law
• No swap fees
• Disadvantages:
• Limited availability
• Similar features to standard accounts

Demo Account

• Advantages:
• Risk-free trading environment
• Ideal for practice
• Disadvantages:
• No real money involved
• Limited to virtual trading

Part 3: mangal keshav Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of India and select international locations.
• Prohibited Countries: Specific countries may be restricted; check with Mangal Keshav for details.
• Identity Verification Documents Needed:
• PAN Card
• Aadhaar Card
• Proof of Residence Requirements: Recent utility bill or bank statement.
• Additional Documentation for Professional Accounts: Business registration documents may be required.

KYC/AML Compliance Procedures

Mangal Keshav adheres to KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, requiring clients to provide valid identification and proof of address.

Verification Time Frames

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

Part 4: Step-by-Step mangal keshav Account Opening Guide

Registration Process

1. Visit Website: Go to the Mangal Keshav official website.
2. Click Registration: Locate and click on the "Open an Account" button.
3. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
4. Choose Account Type: Select the desired account type from the options available.
5. Set Trading Preferences: Specify your trading preferences and risk tolerance.
6. Document Upload: Upload the required KYC documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit the minimum required amount to activate your account.
9. Start Trading: Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, with the mobile interface optimized for ease of use.

Common Registration Issues and Solutions

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

Average Account Approval Time

Typically, account approval takes between 1-3 business days.

How to Upgrade/Downgrade Account Types

Clients can request to change their account type by contacting customer support and providing necessary documentation.

Part 5: mangal keshav Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments, real-time market conditions, and practice trading strategies.
• Benefits: Allows traders to familiarize themselves with the trading platform without financial risk.

How to Open a Demo Account

Visit the Mangal Keshav website, navigate to the demo account section, and complete the registration form.

Demo Account Limitations

• Virtual Balance Amount: Typically offers a virtual balance of ₹1,000,000.
• Duration/Expiry of Demo Accounts: Demo accounts may expire after 30 days of inactivity.

Demo vs Live Account Differences

• Demo Account: Uses virtual funds; no real profit or loss.
• Live Account: Involves real money; profits and losses affect actual funds.

Part 6: mangal keshav Islamic Account Details

Islamic Account Availability

Mangal Keshav offers Islamic accounts that comply with Sharia law, allowing Muslim traders to participate without incurring interest.

Eligibility Requirements

To qualify for an Islamic account, clients must provide a declaration of their religious beliefs and may need to submit additional documentation.

Differences from Standard Accounts

Islamic accounts do not incur swap fees, making them suitable for long-term positions.

How to Apply for Islamic Account

Clients can select the Islamic account option during the registration process or request it through customer support.

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions, including restrictions on certain instruments.

FAQs – mangal keshav Account Types & Opening

1. What account types does mangal keshav offer？

• Mangal Keshav offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: ₹5,000, ECN: ₹10,000, Pro: ₹25,000, Islamic: ₹5,000.

1. How long does mangal keshav account verification take？

• Verification typically takes 1-3 business days.

1. Does mangal keshav offer demo accounts？

• Yes, Mangal Keshav offers demo accounts for practice trading.

1. Can I have multiple account types with mangal keshav？

• Yes, clients can hold multiple account types.

1. Does mangal keshav offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available for Muslim traders.

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

• Required documents include PAN Card and Aadhaar Card.

1. Can I change my account type after registration？

• Yes, clients can request to change their account type through customer support.