marksman broker Accounts

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

marksman Account Types Explained

When considering trading with marksman, it's essential to understand the various account types available. Each account type caters to different trading needs and preferences, making it crucial for traders to choose the one that best suits their trading style and experience level.

Available Account Types

1. Standard Account

• Minimum Deposit: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Ideal for beginners; access to all trading instruments.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. ECN Account

• Minimum Deposit: $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; suitable for scalping.
• Target User Profile: Experienced traders.
• Trading Instruments Available: Forex, commodities, indices.

1. Pro Account

• Minimum Deposit: $1,000
• Spread/Commission Structure: Variable spreads starting from 1.0 pip; commission of $2 per lot.
• Leverage Options: Up to 1:400.
• Key Features: Advanced trading tools; priority customer support.
• Target User Profile: Professional traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. Islamic Account

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

1. Demo Account

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

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed marksman Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:400

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.0 pips

• Pro: From 1.0 pip

• Islamic: Similar to Standard

• Demo: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Mini, Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Demo Account Features:

• Virtual funds for practice, access to all instruments, no risk involved.

Advantages and Disadvantages of Each Account Type

Standard Account:

• Advantages:
• Low minimum deposit.
• No commission fees.
• Suitable for beginners.
• Disadvantages:
• Higher spreads compared to ECN.
• Limited advanced features.

ECN Account:

• Advantages:
• Tight spreads.
• Direct market access.
• Ideal for scalping.
• Disadvantages:
• Higher minimum deposit.
• Commission fees apply.

Pro Account:

• Advantages:
• Advanced trading tools.
• Lower commission fees.
• Priority support.
• Disadvantages:
• High minimum deposit.
• Not suitable for beginners.

Islamic Account:

• Advantages:
• No swap fees.
• Compliant with Sharia law.
• Disadvantages:
• Limited availability of features compared to other accounts.

Demo Account:

• Advantages:
• Risk-free trading.
• Practice with virtual funds.
• Disadvantages:
• No real profits.
• Limited duration.

marksman Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; check specific restrictions.
• Prohibited Countries: Countries under sanctions or restrictions may be prohibited.
• Identity Verification Documents Needed: Government-issued ID (passport or driver's license).
• Proof of Residence Requirements: Utility bill or bank statement with the applicant's name and address.
• Additional Documentation for Professional Accounts: Proof of trading experience or financial status may be required.

KYC/AML Compliance Procedures

• All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Verification of identity and address is mandatory for account approval.

Verification Time Frames

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

Step-by-Step marksman Account Opening Guide

Detailed Registration Process

1. Visit the Website: Go to the marksman trading platform website.
2. Click Registration: Find and click on the registration 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: Specify your trading preferences, including leverage and trading instruments.
6. Document Upload: Upload the required identification and proof of residence documents.
7. Account Verification: Wait for the verification team to process your documents.
8. Fund Your Account: Once approved, deposit funds into your account to start trading.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but the mobile interface may have simplified steps.

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 between 1-3 business days.

How to Upgrade/Downgrade Account Types

• Traders can request to upgrade or downgrade their account type through customer support or their account management settings.

marksman Demo Account Guide

Demo Account Features and Benefits

• The demo account allows traders to practice trading strategies without financial risk.
• Access to all trading instruments with virtual funds.

How to Open a Demo Account

• Visit the marksman website and select the demo account option.
• Fill out the registration form and submit.

Demo Account Limitations

• Limited duration of use (usually 30 days).
• No real profits can be earned.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Live accounts may have different spreads and commissions.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days unless extended by the broker.

marksman Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available for traders who require compliance 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 for overnight positions.

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, such as limitations on certain instruments.

FAQs – marksman Account Types & Opening

1. What account types does marksman offer？

• marksman 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 marksman account verification take？

• Verification typically takes 1-3 business days.

1. Does marksman offer demo accounts？

• Yes, marksman offers demo accounts for practice trading.

1. Can I have multiple account types with marksman？

• Yes, traders can have multiple account types.

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

• Yes, marksman offers Islamic accounts that comply with Sharia law.

1. What documents do I need to open a marksman 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.