Markets Broker broker Accounts

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

markets broker Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads from 1.5 pips; no commission on trades.
• Leverage Options: Up to 1:500.
• Key Features: Access to all trading instruments, educational resources, and 24/5 customer support.
• Target User Profile: Beginners and intermediate traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, and indices.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads from 1.0 pip; commission of $2 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Advanced trading tools, priority customer support, and access to exclusive market analysis.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and stocks.

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law, no interest on overnight positions.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000).
• Spread/Commission Structure: Similar to Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free trading environment, educational tools, and practice trading strategies.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Same as live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed markets broker Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: 1.5 pips

• ECN: 0.0 pips

• Pro: 1.0 pip

• Islamic: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Micro, Mini, Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5, proprietary platform

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Available for Standard and Islamic accounts.

• Swap-Free Options:

• Available for Islamic accounts.

• Demo Account Features:

• Virtual funds for risk-free trading, access to all trading instruments.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• Suitable for beginners.

• ECN Account:

• Tight spreads.

• Direct market access.

• Ideal for high-frequency trading.

• Pro Account:

• Advanced trading tools.

• Lower commission fees.

• Suitable for professional traders.

• Islamic Account:

• Complies with Sharia law.

• No swap fees.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free environment.

• Practice trading strategies.

• Educational resources available.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit.

• Commission fees apply.

• Pro Account:

• Higher minimum deposit.

• Not suitable for beginners.

• Islamic Account:

• Limited availability in some regions.

• May have restrictions on certain trading strategies.

• Demo Account:

• Virtual funds only.

• Limited to practice trading.

markets broker Account Registration Requirements

Eligibility Criteria

• Age Requirements: Minimum age of 18 years.
• Geographic Restrictions: Available in most countries; some regions may be restricted.
• Prohibited Countries: Specific countries may be prohibited due to regulatory reasons (not specified).
• Identity Verification Documents Needed: Government-issued ID (passport or national ID).
• Proof of Residence Requirements: Utility bill or bank statement with the applicant's name and address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

• All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks as part of the registration process.

Verification Time Frames

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

Step-by-Step markets broker Account Opening Guide

Registration Process

1. Visit Website and Click Registration: Navigate to the markets broker website and select the registration option.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type from the available options.
4. Set Trading Preferences: Indicate trading preferences, including leverage and trading instruments.
5. Document Upload: Upload required identity verification documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit funds into your trading account to start trading.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is generally similar on both desktop and mobile platforms, though mobile may have a more streamlined interface.

Common Registration Issues and Solutions

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

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Account type changes can be requested through the customer support portal, subject to eligibility criteria for the desired account type.

markets broker Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies.
• Access to all trading instruments available in live accounts.
• Educational tools and resources to enhance trading skills.

How to Open a Demo Account

• Visit the markets broker website and select the demo account option.
• Fill in the required information and create an account.

Demo Account Limitations

• Limited to virtual trading with no real funds involved.
• May have a time limit on usage (typically 30 days).

Virtual Balance Amount

• Standard virtual balance is usually set at $10,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Trading conditions may differ slightly between demo and live environments.

Duration/Expiry of Demo Accounts

• Demo accounts generally expire after 30 days of inactivity, but this may vary by broker.

markets broker Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available and comply with Sharia law by offering swap-free trading.

Eligibility Requirements

• Must be a practicing Muslim to qualify for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees for overnight positions.

How to Apply for Islamic Account

• 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 or limitations compared to standard accounts.

FAQs – markets broker Account Types & Opening

1. What account types does markets broker offer？

• markets broker 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: Virtual funds.

1. How long does markets broker account verification take？

• Verification typically takes 1-3 business days.

1. Does markets broker offer demo accounts？

• Yes, markets broker provides demo accounts for practice trading.

1. Can I have multiple account types with markets broker？

• Yes, traders can have multiple account types, subject to eligibility.

1. Does markets broker offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available and comply with Sharia law.

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

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

1. Can I change my account type after registration？

• Yes, account type changes can be requested through customer support.