market101 Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: market101 Account Types Overview

market101 Account Types Explained

Market101 offers three primary account types designed to cater to various trading needs and experience levels:

1. Classic Account

• Minimum Deposit Requirement: $50
• Spread/Commission Structure: Spreads from 1.2 pips, zero commission
• Leverage Options: Up to 1:1000
• Key Features: Suitable for beginners, no commission fees, user-friendly platform.
• Target User Profile: Ideal for novice traders looking for a straightforward trading experience.
• Trading Instruments Available: 60 currency pairs, 4 crypto pairs, 11 indices, 2 metal CFDs, and 3 energy CFDs.

1. Raw ECN Account

• Minimum Deposit Requirement: $50
• Spread/Commission Structure: Spreads from 0.0 pips, commission of $3 per $100,000 traded
• Leverage Options: Up to 1:1000
• Key Features: Direct market access, lower spreads, suitable for more experienced traders.
• Target User Profile: Designed for traders who prefer tighter spreads and are comfortable with commission fees.
• Trading Instruments Available: Same as Classic Account.

1. VIP Raw ECN Account

• Minimum Deposit Requirement: $5,000
• Spread/Commission Structure: Spreads from 0.0 pips, commission of $1 per $100,000 traded
• Leverage Options: Up to 1:1000
• Key Features: Enhanced trading conditions, lower commissions, priority customer support.
• Target User Profile: Tailored for professional traders and institutions seeking optimal trading conditions.
• Trading Instruments Available: Same as Classic Account.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Classic Account
• Intermediate Traders: Raw ECN Account
• Advanced/Professional Traders: VIP Raw ECN Account

Part 2: market101 Account Features Comparison

Detailed market101 Account Features

• Minimum Deposit:

• Classic Account: $50

• Raw ECN Account: $50

• VIP Raw ECN Account: $5,000

• Maximum Leverage:

• All account types: Up to 1:1000

• Spreads:

• Classic Account: Minimum 1.2 pips

• Raw ECN Account: Minimum 0.0 pips

• VIP Raw ECN Account: Minimum 0.0 pips

• Commission Fees:

• Classic Account: None

• Raw ECN Account: $3 per $100,000 traded

• VIP Raw ECN Account: $1 per $100,000 traded

• Lot Size:

• All accounts: Standard lot sizes available.

• Available Trading Platforms:

• Classic Account: Market101 MTX4, Market101 ACT Trader

• Raw ECN Account: Market101 MTX4, Market101 ACT Trader

• VIP Raw ECN Account: Market101 MTX4, Market101 ACT Trader

• Execution Type:

• Classic Account: Market execution

• Raw ECN Account: ECN execution

• VIP Raw ECN Account: ECN execution

• Islamic Account Availability:

• Not specified, further inquiry required.

• Swap-Free Options:

• Not specified, further inquiry required.

• Demo Account Features:

• Available for all account types to practice trading without risk.

Advantages of Each Account Type

• Classic Account:

• No commission fees

• User-friendly for beginners

• Low minimum deposit

• Raw ECN Account:

• Tight spreads

• Direct market access

• Suitable for scalping strategies

• VIP Raw ECN Account:

• Lowest commissions

• Enhanced trading conditions

• Priority support

Disadvantages of Each Account Type

• Classic Account:

• Higher spreads compared to ECN accounts

• Limited features for advanced traders

• Raw ECN Account:

• Commission fees apply

• May not be suitable for very low-volume traders

• VIP Raw ECN Account:

• High minimum deposit

• More complex for beginners

Part 3: market101 Account Opening Requirements

market101 Account Registration Requirements

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.

• Geographic Restrictions: Available globally, but some countries may have restrictions.

• Prohibited Countries: Specific countries are not accepted; check with Market101 for details.

• Identity Verification Documents Needed:

• Government-issued ID (passport or national ID)

• Proof of residence (utility bill or bank statement)

• Additional Documentation for Professional Accounts:

• May require additional financial documentation.

• KYC/AML Compliance Procedures:

• Market101 follows KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, requiring identity verification.

• Verification Time Frames:

• Typically within a few hours to 24 hours, depending on the completeness of the documentation submitted.

Part 4: market101 Account Opening Process

Step-by-Step market101 Account Opening Guide

1. Visit Website and Click Registration:

• Go to the official Market101 website and find the "Sign Up" button.

1. Personal Information Entry:

• Fill in required fields such as name, email, phone number, and date of birth.

1. Choose Account Type:

• Select the account type that best suits your trading needs.

1. Set Trading Preferences:

• Choose your preferred trading currency and leverage options.

1. Document Upload:

• Upload the necessary identification and proof of residence documents.

1. Account Verification:

• Wait for the verification process to complete, which may take a few hours.

1. Fund Your Account:

• Deposit funds using cryptocurrency options available (Bitcoin, Ethereum, etc.).

1. Start Trading:

• Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile users may have a more streamlined interface.

Common Registration Issues and Solutions

• Email Not Received: Check spam/junk folders; resend verification if necessary.
• Verification Failure: Ensure correct information is entered; contact support for assistance.

Average Account Approval Time

• Generally, account verification takes between a few hours to 24 hours.

How to Upgrade/Downgrade Account Types

• Contact Market101 customer support to request changes to your account type.

Part 5: market101 Demo Account Information

market101 Demo Account Guide

• Demo Account Features and Benefits:

• Allows traders to practice trading without financial risk.

• Access to all trading instruments available in live accounts.

• How to Open a Demo Account:

• Follow the same registration process and select the demo account option.

• Demo Account Limitations:

• Limited to virtual funds; not for real trading.

• Virtual Balance Amount:

• Typically set at a predefined amount (e.g., $10,000).

• Demo vs Live Account Differences:

• Demo accounts use virtual funds; live accounts involve real money.

• Duration/Expiry of Demo Accounts:

• Demo accounts may expire after a certain period, typically 30 days, but can often be renewed.

Part 6: market101 Islamic Account (if available)

market101 Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Not specifically mentioned; further inquiry required.

• Eligibility Requirements:

• Generally requires proof of adherence to Islamic finance principles.

• Differences from Standard Accounts:

• Typically does not incur swap fees.

• How to Apply for Islamic Account:

• Contact Market101 support for specific application procedures.

• Restrictions or Special Conditions:

• May have specific trading conditions; check with Market101 for details.

FAQs – market101 Account Types & Opening

1. What account types does market101 offer？

• Market101 offers Classic, Raw ECN, and VIP Raw ECN accounts.

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

• Classic Account: $50, Raw ECN Account: $50, VIP Raw ECN Account: $5,000.

1. How long does market101 account verification take？

• Verification typically takes a few hours to 24 hours.

1. Does market101 offer demo accounts？

• Yes, demo accounts are available for practice trading.

1. Can I have multiple account types with market101？

• Yes, you can hold multiple account types; contact support for assistance.

1. Does market101 offer Islamic/swap-free accounts？

• Information on Islamic accounts is not specified; further inquiry is needed.

1. What documents do I need to open a market101 account？

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request to change your account type through customer support.