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Pros

Reliable SSL certification ensuring secure communication.
Multiple account types available, including Islamic (swap-free) accounts.
Offers popular trading platform MetaTrader 4 with mobile accessibility.

Cons

Regulated in an offshore jurisdiction, which may lower credibility.
High fixed spreads starting from 2 pips, not competitive in the current market.
Previous reports of being unregulated and potential scam allegations.

MAP broker Accounts

MAPS IG Account Types

MAPS IG offers several types of trading accounts to cater to different trading needs and experiences. The main account types include:

  • Mini Account
    • Minimum Deposit: $500
    • Leverage: 1:100 to 1:200
    • Trading Type: Allows smaller trade sizes (1/10th of a standard transaction).
    • Features: Low fixed spreads, zero fees, swap-free, 24-hour support.
    • Standard Account
      • Minimum Deposit: $5,000
      • Leverage: 1:100 to 1:500
      • Trading Type: Designed for traders with some experience.
      • Features: Low fixed spreads starting from 2 pips, micro lots of 0.05, and support for expert advisors, hedging, and scalping strategies.
      • Premium Account
        • Minimum Deposit: $100,000
        • Leverage: 1:100 to 1:200
        • Trading Type: Ideal for professional traders.
        • Features: Low spreads, no commissions, additional trade analysis, education, and proactive trading advice.

        MAPS IG Broker Account Opening Process

        To open a trading account with MAPS IG, follow these steps:

        • Choose Account Type: Decide which account type (Mini, Standard, or Premium) best fits your trading needs.

        • Complete Application: Fill out the online application form available on the MAPS IG website.

        • Submit Documentation: Provide the required documents, which typically include:

          • Proof of identity (such as a passport or driver's license).
          • Proof of address (like a utility bill or bank statement).
          • Initial Deposit: Make the minimum deposit required for the selected account type.

          • Account Activation: Once your application is processed and your deposit is confirmed, your trading account will be activated.

          • Start Trading: You can now log in to your trading account and start trading.

          • For more information, visit MAPS IG.

MAP accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
MAP Account