market hub offers a variety of account types tailored to different trading needs and expertise levels. Below is a detailed overview of each account type available:
| Account Type | Minimum Deposit | Spread/Commission Structure | Leverage Options | Key Features | Target User Profile | Trading Instruments |
|---|---|---|---|---|---|---|
| Standard Account | $100 | Variable spreads starting from 1.0 pips | Up to 1:500 | Basic trading features, access to all instruments | Beginners | Forex, CFDs |
| ECN Account | $500 | Low spreads (0.0 pips) + commission | Up to 1:200 | Direct market access, lower spreads | Advanced traders | Forex, Commodities, Indices |
| Pro Account | $1,000 | Fixed spreads + lower commission | Up to 1:100 | Enhanced trading tools, priority support | Professional traders | Forex, Stocks, Commodities |
| Islamic Account | $100 | Variable spreads | Up to 1:500 | Swap-free trading | Muslim traders | Forex, CFDs |
| Demo Account | N/A | N/A | N/A | Virtual trading environment | All levels | Forex, CFDs |
The following table compares key features across different account types:
| Feature | Standard Account | ECN Account | Pro Account | Islamic Account | Demo Account |
|---|---|---|---|---|---|
| Minimum Deposit | $100 | $500 | $1,000 | $100 | N/A |
| Maximum Leverage | 1:500 | 1:200 | 1:100 | 1:500 | N/A |
| Spreads | From 1.0 pips | From 0.0 pips + commission | Fixed | From 1.0 pips | N/A |
| Commission Fees | None | Yes | Lower than Standard | None | N/A |
| Lot Size | Micro | Mini | Standard | Micro | N/A |
| Available Platforms | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4 |
| Execution Type | Market | ECN | Market | Market | N/A |
| Swap-Free Options | No | No | No | Yes | N/A |
| Demo Account Features | No | No | No | No | Virtual funds available |
| Duration | N/A | N/A | N/A | N/A | 30 days |
Standard Account:
Low minimum deposit
Suitable for beginners
Access to a wide range of instruments
ECN Account:
Tight spreads
Direct market access
Ideal for high-frequency trading
Pro Account:
Enhanced trading tools
Lower commission structure
Priority customer support
Islamic Account:
Complies with Sharia law
No swap fees
Flexible trading options
Demo Account:
Risk-free trading environment
Practice with virtual funds
Ideal for testing strategies
Standard Account:
Higher spreads compared to ECN
Limited advanced features
ECN Account:
Higher minimum deposit
Commission fees may apply
Pro Account:
High minimum deposit
Not suitable for beginners
Islamic Account:
Limited to specific trading conditions
May not offer all features available in standard accounts
Demo Account:
Limited duration
No real market experience
To open an account with market hub, the following eligibility criteria must be met:
market hub adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. All clients must provide valid identification and proof of address during the registration process.
Account verification typically takes between 1 to 3 business days, depending on the completeness of the submitted documents.
The registration process is generally similar on both desktop and mobile platforms, though the mobile interface may have a simplified layout.
Issue: Document upload fails.
Solution: Ensure documents are in the correct format and within size limits.
Issue: Verification delays.
Solution: Check the email for any requests for additional information.
The average time for account approval is 1 to 3 business days, contingent upon the completeness of the documentation provided.
To change account types, contact market hubs customer support for assistance with the upgrade or downgrade process.
The demo account allows traders to practice in a risk-free environment.
Demo accounts usually come with a virtual balance of $10,000 or more, depending on the broker's offering.
Demo accounts typically expire after 30 days, but this may vary based on the broker's policies.
market hub offers an Islamic account that complies with Sharia law.
Islamic accounts are available for traders who require swap-free trading conditions.
To qualify for an Islamic account, traders must provide documentation confirming their religious beliefs.
Islamic accounts do not incur swap fees, making them suitable for Muslim traders.
Islamic accounts may have specific trading conditions; consult market hub for detailed terms.
Explore broker markets account types: forex/trading accounts with demo access.