Maskan Bank broker Accounts

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

maskan bank Account Types Explained

Bank Maskan, also known as the Housing Bank of Iran, offers various account types tailored to meet the diverse needs of its customers. Below is a detailed overview of the available account types, including their features, requirements, and target user profiles.

1. Standard Account

• Minimum Deposit Requirement: 1,000,000 IRR
• Spread/Commission Structure: Variable spreads starting from 2 pips
• Leverage Options: Up to 1:100
• Key Features: Basic trading features, suitable for beginners
• Target User Profile: Beginner traders
• Trading Instruments Available: Forex pairs, commodities

2. ECN Account

• Minimum Deposit Requirement: 5,000,000 IRR
• Spread/Commission Structure: Low spreads (starting from 0.1 pips) with a commission fee
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution
• Target User Profile: Intermediate to advanced traders
• Trading Instruments Available: Forex pairs, commodities, indices

3. Pro Account

• Minimum Deposit Requirement: 10,000,000 IRR
• Spread/Commission Structure: Fixed spreads with lower commission fees
• Leverage Options: Up to 1:300
• Key Features: Advanced trading tools, priority customer support
• Target User Profile: Professional traders
• Trading Instruments Available: Forex pairs, commodities, indices, cryptocurrencies

4. Islamic Account

• Minimum Deposit Requirement: 1,000,000 IRR
• Spread/Commission Structure: Variable spreads, no swap fees
• Leverage Options: Up to 1:100
• Key Features: Compliant with Islamic finance principles
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex pairs, commodities

5. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically 100,000 IRR)
• Spread/Commission Structure: Same as live accounts
• Leverage Options: Up to 1:100
• Key Features: Risk-free trading environment for practice
• Target User Profile: Beginners and traders testing strategies
• Trading Instruments Available: Forex pairs, commodities

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed maskan bank Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: 1,000,000 IRR

• ECN: 5,000,000 IRR

• Pro: 10,000,000 IRR

• Islamic: 1,000,000 IRR

• Demo: Virtual balance

• Maximum Leverage:

• Standard: 1:100

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:100

• Demo: 1:100

• Spreads (Typical/Minimum):

• Standard: From 2 pips

• ECN: From 0.1 pips

• Pro: Fixed spreads

• Islamic: Variable spreads

• Demo: Same as live accounts

• Commission Fees:

• Standard: None

• ECN: Yes (low)

• Pro: Lower than ECN

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro

• ECN: Mini/Standard

• Pro: Standard

• Islamic: Micro

• Demo: Micro

• Available Trading Platforms:

• All accounts: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: Instant

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Yes for Islamic Account type

• Swap-Free Options:

• Available for Islamic Account

• Demo Account Features:

• Virtual balance, same trading conditions as live accounts

Advantages of Each Account Type

• Standard Account:

• Easy to open

• Suitable for beginners

• No commission fees

• ECN Account:

• Lower spreads

• Faster execution

• Direct market access

• Pro Account:

• Advanced tools

• Priority support

• Lower commission fees

• Islamic Account:

• Complies with Islamic finance

• No swap fees

• Same features as standard accounts

• Demo Account:

• Risk-free environment

• Practice trading strategies

• Access to all trading instruments

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited features

• ECN Account:

• Requires higher minimum deposit

• Commission fees apply

• Pro Account:

• High minimum deposit

• Not suitable for beginners

• Islamic Account:

• Limited to Muslim traders

• May have fewer features than Pro accounts

• Demo Account:

• Virtual funds only

• Limited duration

maskan bank Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Open to residents of Iran and select countries.
• Prohibited Countries: Specific countries may be restricted due to sanctions.
• Identity Verification Documents Needed:
• National ID card or passport
• Proof of residence (utility bill, lease agreement)
• Proof of Residence Requirements: Must provide a document showing current address.
• Additional Documentation for Professional Accounts: Business registration documents may be required.

KYC/AML Compliance Procedures

• All applicants must comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, which include verifying identity and source of funds.

Verification Time Frames

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

Step-by-Step maskan bank Account Opening Guide

Registration Process

1. Visit Website: Go to the official Bank Maskan website.
2. Click Registration: Locate and click on the registration button.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select the desired account type from the options available.
5. Set Trading Preferences: Indicate trading preferences, including leverage and trading instruments.
6. Document Upload: Upload necessary identification and proof of residence documents.
7. Account Verification: Wait for the bank to verify your documents.
8. Fund Your Account: Once verified, deposit funds into your account.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but the mobile version may have fewer features or require additional steps for document uploads.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are in the correct format and size.
• Issue: Verification takes longer than expected.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes 1-3 business days, depending on the documentation provided.

How to Upgrade/Downgrade Account Types

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

maskan bank 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.
• Same trading conditions as live accounts.

How to Open a Demo Account

• Follow the same registration process as for live accounts, selecting the demo account option.

Demo Account Limitations

• Limited to virtual funds and may have an expiration date.

Virtual Balance Amount

• Typically set at 100,000 IRR for practice purposes.

Demo vs Live Account Differences

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

Duration/Expiry of Demo Accounts

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

maskan bank Islamic Account Details

Swap-Free/Islamic Account Availability

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

Eligibility Requirements

• Must be a practicing Muslim.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees and may have different trading conditions.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process and provide necessary documentation.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions that differ from standard accounts.

FAQs – maskan bank Account Types & Opening

1. What account types does maskan bank offer？

• Bank Maskan offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: 1,000,000 IRR; ECN: 5,000,000 IRR; Pro: 10,000,000 IRR; Islamic: 1,000,000 IRR; Demo: Virtual balance.

1. How long does maskan bank account verification take？

• Verification typically takes 1-3 business days.

1. Does maskan bank offer demo accounts？

• Yes, Bank Maskan provides demo accounts for practice trading.

1. Can I have multiple account types with maskan bank？

• Yes, users can open multiple account types.

1. Does maskan bank offer Islamic/swap-free accounts？

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

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

• A national ID or passport and proof of residence are required.

1. Can I change my account type after registration？

• Yes, account types can be changed by contacting customer support or through account management options.