MASTERS broker Accounts

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

masters Account Types Explained

When considering forex trading, understanding the various masters account types is crucial for aligning your trading strategy with the right account. Heres a breakdown of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commissions.
• Leverage Options: Up to 1:500.
• Key Features: Ideal for beginners; user-friendly interface.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex pairs, commodities, indices.

2. 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, suitable for scalping.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex pairs, cryptocurrencies, commodities.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; lower commission rates.
• Leverage Options: Up to 1:400.
• Key Features: Advanced trading tools, priority customer support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex pairs, indices, commodities.

4. 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 fees.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex pairs, commodities.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Simulated spreads; no commissions.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading without risk; access to all trading tools.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: All instruments available in live accounts.

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
• All Levels: Demo Account

Detailed masters Account Features

Comparison of Features Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• User-friendly for beginners.

• No commission fees.

• ECN Account:

• Direct market access.

• Tight spreads.

• Suitable for high-frequency trading.

• Pro Account:

• Advanced trading tools.

• Lower commission costs.

• Priority support.

• Islamic Account:

• Compliant with Sharia law.

• No interest fees.

• Demo Account:

• Risk-free trading environment.

• Access to all trading tools.

• Ideal for strategy testing.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited trading tools.

• ECN Account:

• Higher minimum deposit.

• Commission fees can add up.

• Pro Account:

• High minimum deposit.

• May not be suitable for casual traders.

• Islamic Account:

• Limited availability.

• May have fewer trading options.

• Demo Account:

• No real profit.

• Limited to virtual funds.

masters Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Varies by region; check specific country regulations.
• Prohibited Countries: Specific countries may be restricted; refer to the broker‘s website.
• 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: May require proof of trading experience or financial statements.

KYC/AML Compliance Procedures

• Complete identity verification to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.
• Submission of required documents for verification.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the broker's processing speed.

Step-by-Step masters Account Opening Guide

masters Account Opening Process

1. Visit Website and Click Registration: Navigate to the broker's official website.
2. Personal Information Entry: Fill in your name, email, and contact details.
3. Choose Account Type: Select the desired account type (Standard, ECN, etc.).
4. Set Trading Preferences: Specify trading preferences and leverage options.
5. Document Upload: Upload required identification and proof of residence.
6. Account Verification: Wait for the broker to verify your documents.
7. Fund Your Account: Deposit the minimum required amount to activate the account.
8. Start Trading: Once verified and funded, you can begin trading.

Desktop vs Mobile Registration Differences

• Registration processes are generally similar, but mobile applications may have simplified forms and fewer document upload options.

Common Registration Issues and Solutions

• Issue: Document upload fails.

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

• Issue: Verification takes too long.

• Solution: Contact customer support for updates.

Average Account Approval Time

• Typically ranges from 1 to 3 business days, depending on the broker's workload.

How to Upgrade/Downgrade Account Types

• Contact customer support or use the account management section on the broker's website to request changes.

masters Demo Account Guide

masters Demo Account Information

• Demo Account Features and Benefits: Allows traders to practice without financial risk; access to all trading tools.
• How to Open a Demo Account: Usually available upon registration; select "Demo Account" during the sign-up process.
• Demo Account Limitations: Limited to virtual funds; may have time restrictions.
• Virtual Balance Amount: Typically ranges from $10,000 to $100,000 in virtual funds.
• Demo vs Live Account Differences: Live accounts involve real money and market conditions; demo accounts are simulated.
• Duration/Expiry of Demo Accounts: Often valid for 30 days but can vary by broker.

masters Islamic Account Details

masters Islamic Account Information

• Swap-Free/Islamic Account Availability: Available for traders who require compliance with Sharia law.
• Eligibility Requirements: Must declare the need for an Islamic account during registration.
• Differences from Standard Accounts: No swap fees; may have different spreads or commissions.
• How to Apply for Islamic Account: Indicate the request during the account registration process or contact customer support.
• Restrictions or Special Conditions: Must comply with Islamic finance principles; no interest-bearing transactions are allowed.

FAQs – masters Account Types & Opening

1. What account types does masters offer？

• Masters 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 masters account verification take？

• Verification typically takes 1-3 business days.

1. Does masters offer demo accounts？

• Yes, masters offers demo accounts for practice trading.

1. Can I have multiple account types with masters？

• Yes, traders can hold multiple account types.

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

• Yes, Islamic accounts are available.

1. What documents do I need to open a masters 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 upgrade or downgrade your account type through customer support.