MASHREQ SECURITIES broker Accounts

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

Part 1: mashreq securities Account Types Overview

mashreq securities Account Types Explained

Mashreq Securities offers a variety of account types tailored to different trading needs and preferences. Below are the main account types available:

1. Standard Account

• Minimum Deposit Requirement: AED 1,000
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:500
• Key Features: Access to a wide range of trading instruments, including forex, stocks, and commodities.
• Target User Profile: Suitable for beginners and intermediate traders.
• Trading Instruments Available: Forex, stocks, commodities.

1. ECN Account

• Minimum Deposit Requirement: AED 5,000
• Spread/Commission Structure: Raw spreads starting from 0.0 pips, with a commission fee of AED 10 per lot.
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution speeds, and lower spreads.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices.

1. Pro Account

• Minimum Deposit Requirement: AED 10,000
• Spread/Commission Structure: Competitive spreads starting from 1.0 pip, with lower commission fees.
• Leverage Options: Up to 1:300
• Key Features: Enhanced trading conditions for professional traders.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, stocks, commodities, indices.

1. Islamic Account

• Minimum Deposit Requirement: AED 1,000
• Spread/Commission Structure: Similar to the Standard Account but swap-free.
• Leverage Options: Up to 1:500
• Key Features: Complies with Sharia law, no swap fees.
• Target User Profile: Traders seeking Sharia-compliant trading options.
• Trading Instruments Available: Forex, stocks, commodities.

1. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically AED 100,000)
• Spread/Commission Structure: Similar to Standard Account conditions.
• Leverage Options: Up to 1:500
• Key Features: Practice trading without financial risk.
• Target User Profile: Beginners wanting to learn trading strategies.
• Trading Instruments Available: Forex, stocks, commodities.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: mashreq securities Account Features Comparison

Detailed mashreq securities Account Features

When comparing the features of different account types at Mashreq Securities, the following aspects are crucial:

• Minimum Deposit: Varies from AED 1,000 for Standard and Islamic accounts to AED 10,000 for Pro accounts.
• Maximum Leverage: Ranges from 1:200 for ECN accounts to 1:500 for Standard and Islamic accounts.
• Spreads:
• Standard: From 1.5 pips
• ECN: From 0.0 pips
• Pro: From 1.0 pip
• Islamic: Similar to Standard
• Commission Fees:
• ECN: AED 10 per lot
• Pro: Lower commission fees compared to Standard
• Lot Size:
• Standard: Micro, Mini, Standard
• ECN: Standard
• Pro: Standard
• Islamic: Micro, Mini, Standard
• Available Trading Platforms: MT4, MT5, and proprietary platforms.
• Execution Type: Market execution for Standard and Islamic accounts; ECN for ECN accounts.
• Islamic Account Availability: Yes, available for Standard and Islamic accounts.
• Swap-Free Options: Available for Islamic accounts.
• Demo Account Features: Virtual balance for practice trading.

Advantages of Each Account Type

• Standard Account:
• Low minimum deposit
• Wide range of instruments
• User-friendly for beginners
• ECN Account:
• Tight spreads
• Direct market access
• Ideal for high-frequency trading
• Pro Account:
• Professional trading conditions
• Lower commission fees
• Advanced trading tools
• Islamic Account:
• Complies with Sharia law
• No swap fees
• Flexible trading options
• Demo Account:
• Risk-free trading environment
• Ideal for practice
• Access to all trading instruments

Disadvantages of Each Account Type

• Standard Account:
• Higher spreads compared to ECN
• Limited advanced features
• ECN Account:
• Higher minimum deposit
• Commission fees may add up
• Pro Account:
• High minimum deposit
• More complex trading conditions
• Islamic Account:
• Limited to specific instruments
• May have higher spreads
• Demo Account:
• No real money involved
• Limited to virtual balance

Part 3: mashreq securities Account Opening Requirements

mashreq securities Account Registration Requirements

To open an account with Mashreq Securities, the following eligibility criteria and documentation are required:

• Eligibility Criteria:

• Age Requirements: Must be at least 21 years old.

• Geographic Restrictions: Available for UAE residents and expatriates.

• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.

• Identity Verification Documents Needed:

• Valid passport copy

• Emirates ID (for UAE residents)

• Recent utility bill or bank statement as proof of residence

• Proof of Residence Requirements:

• Utility bill, bank statement, or government-issued document showing the current address.

• Additional Documentation for Professional Accounts:

• Business registration documents (for corporate accounts)

• Financial statements (if applicable)

• KYC/AML Compliance Procedures:

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.

• Verification Time Frames:

• Account verification typically takes 1-3 business days.

Part 4: mashreq securities Account Opening Process

Step-by-Step mashreq securities Account Opening Guide

To open a Mashreq Securities account, follow these detailed steps:

1. Visit Website and Click Registration: Go to the Mashreq Securities website and select the "Open Account" option.
2. Personal Information Entry: Fill in your personal details, including name, contact information, and date of birth.
3. Choose Account Type: Select the account type that best suits your trading needs.
4. Set Trading Preferences: Indicate your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the account verification process to be completed.
7. Fund Your Account: Once verified, fund your account using the available payment methods.
8. 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 for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload failures.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Delays in verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• The average account approval time is between 1 to 3 business days.

How to Upgrade/Downgrade Account Types

• To change account types, contact customer support or access the account management section on the website.

Part 5: mashreq securities Demo Account Information

mashreq securities 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.

• How to Open a Demo Account:

• Visit the Mashreq Securities website and select the demo account option.

• Fill in the required information and submit.

• Demo Account Limitations:

• Limited to virtual balance and may have an expiry period.

• Virtual Balance Amount:

• Typically AED 100,000 for practice trading.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds, while live accounts use real money.

• Duration/Expiry of Demo Accounts:

• Demo accounts usually remain active for a limited time, often 30 days.

Part 6: mashreq securities Islamic Account (if available)

mashreq securities Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Yes, Islamic accounts are available for traders seeking Sharia-compliant options.

• Eligibility Requirements:

• Must meet the standard account opening requirements.

• Differences from Standard Accounts:

• Islamic accounts do not incur swap fees.

• How to Apply for Islamic Account:

• Select the Islamic account option during the registration process.

• Restrictions or Special Conditions:

• Must comply with Sharia law in trading practices.

FAQs – mashreq securities Account Types & Opening

1. What account types does mashreq securities offer？

• Mashreq Securities offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: AED 1,000, ECN: AED 5,000, Pro: AED 10,000, Islamic: AED 1,000.

1. How long does mashreq securities account verification take？

• Account verification typically takes 1-3 business days.

1. Does mashreq securities offer demo accounts？

• Yes, demo accounts are available for practice trading.

1. Can I have multiple account types with mashreq securities？

• Yes, you can open multiple account types.

1. Does mashreq securities offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available.

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

• Valid passport, Emirates ID, and proof of residence.

1. Can I change my account type after registration？

• Yes, you can upgrade or downgrade your account type by contacting customer support.