Markethouse broker Accounts

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

markethouse Account Types Explained

Markethouse offers several account types tailored to different trading needs and experience levels. Below is a comprehensive overview of each account type, including their features and target user profiles.

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Spreads from 1.5 pips; no commission fees.
• Leverage Options: Up to 1:500.
• Key Features: Ideal for beginners; straightforward trading experience.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Spreads from 0.1 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, low spreads, suitable for high-frequency trading.
• Target User Profile: Advanced traders.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 0.5 pips; commission of $2 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Enhanced trading conditions, suitable for professional traders.
• Target User Profile: Professional and institutional traders.
• Trading Instruments Available: Forex, commodities, indices, stocks.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account; swap-free.
• Leverage Options: Up to 1:500.
• Key Features: Compliant with Sharia law; no swap fees.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading without risk; access to all trading instruments.
• Target User Profile: Beginners and experienced traders testing strategies.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginner: Standard Account
• Intermediate: ECN Account
• Advanced: Pro Account
• Muslim Traders: Islamic Account
• Practice: Demo Account

Detailed markethouse Account Features

Comparison of Features Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• No commission fees.

• User-friendly for beginners.

• Wide range of trading instruments.

• ECN Account:

• Low spreads for cost-effective trading.

• Direct access to market prices.

• Fast execution speeds.

• Pro Account:

• Tailored for professional trading.

• Competitive spreads and commissions.

• Access to advanced trading tools.

• Islamic Account:

• Compliant with Sharia law.

• No swap fees.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Access to all trading instruments.

• Ideal for strategy testing.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• Limited advanced features.

• ECN Account:

• Requires higher minimum deposit.

• Commission fees can add up for frequent traders.

• Pro Account:

• High minimum deposit requirement.

• More complex trading conditions.

• Islamic Account:

• Limited availability for non-Muslim traders.

• May have fewer features compared to other accounts.

• Demo Account:

• Virtual funds may not reflect real trading conditions.

• Limited duration for practice.

markethouse Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; check local regulations.
• Prohibited Countries: Specific countries may be restricted; refer to markethouse's terms.
• Identity Verification Documents Needed:
• Government-issued ID (passport or driver's license).
• Proof of address (utility bill or bank statement).
• Proof of Residence Requirements: Recent documents showing your name and address.
• Additional Documentation for Professional Accounts: May require business registration documents or proof of trading experience.

KYC/AML Compliance Procedures

• Markethouse adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring verification of identity and address.

Verification Time Frames

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

Step-by-Step markethouse Account Opening Guide

Registration Process

1. Visit Website: Go to the markethouse website.
2. Click Registration: Locate and click the "Register" button.
3. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
4. Choose Account Type: Select the account type that suits your trading needs.
5. Set Trading Preferences: Indicate your trading preferences and leverage options.
6. Document Upload: Upload the required identity verification documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit the minimum required amount to start trading.
9. Start Trading: Access your account and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile, but mobile may have a streamlined interface for easier navigation.

Common Registration Issues and Solutions

• Issue: Document upload fails.

• Solution: Ensure documents are clear and in the correct format (PDF/JPEG).

• Issue: Account verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Generally, account approval takes 1-3 business days.

How to Upgrade/Downgrade Account Types

• Users can request changes to their account type through customer support or the account management section on the website.

markethouse Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading.
• Access to all trading instruments available in live accounts.
• Ideal for testing strategies without financial risk.

How to Open a Demo Account

• Visit the markethouse website and select the demo account option.
• Fill in the required information and create your demo account.

Demo Account Limitations

• Limited duration of use; typically expires after 30 days.
• Virtual balance may not reflect real market conditions.

Virtual Balance Amount

• Demo accounts usually come with a virtual balance of $10,000 or more.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.
• Live accounts incur real trading costs (spreads and commissions).

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days of inactivity.

markethouse Islamic Account Details

Swap-Free/Islamic Account Availability

• Markethouse offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Traders must declare their need for an Islamic account during registration.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for Muslim traders.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions; refer to markethouse's terms for details.

FAQs – markethouse Account Types & Opening

1. What account types does markethouse offer？

• Markethouse offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: $100, ECN: $500, Pro: $1,000, Islamic: $100, Demo: N/A.

1. How long does markethouse account verification take？

• Verification typically takes 1-3 business days.

1. Does markethouse offer demo accounts？

• Yes, markethouse offers demo accounts for practice trading.

1. Can I have multiple account types with markethouse？

• Yes, traders can have multiple account types.

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

• Yes, Islamic accounts are available.

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

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

1. Can I change my account type after registration？

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