MBC Group broker Accounts

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

Part 1: mbc group Account Types Overview

mbc group Account Types Explained

MBC Group offers a variety of account types to cater to different trading needs and preferences. Below is a detailed overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: SAR 1,000
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:200
• Key Features: Ideal for beginners; user-friendly interface; access to educational resources.
• Target User Profile: Beginner traders
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: SAR 5,000
• Spread/Commission Structure: Low spreads starting from 0.1 pips, commission of SAR 10 per lot
• Leverage Options: Up to 1:100
• Key Features: Direct market access; lower trading costs; suitable for high-frequency trading.
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: SAR 10,000
• Spread/Commission Structure: Fixed spreads starting from 1 pip, commission of SAR 5 per lot
• Leverage Options: Up to 1:300
• Key Features: Enhanced trading conditions; priority execution; suitable for institutional traders.
• Target User Profile: Professional and institutional traders
• Trading Instruments Available: Forex, indices, stocks

1. Islamic Account

• Minimum Deposit Requirement: SAR 1,000
• Spread/Commission Structure: Similar to Standard Account with no swap fees
• Leverage Options: Up to 1:200
• Key Features: Complies with Sharia law; no interest fees; suitable for Muslim traders.
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: Virtual balance of SAR 100,000
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:200
• Key Features: Risk-free trading environment; practice trading strategies; access to all trading instruments.
• Target User Profile: All levels of traders
• Trading Instruments Available: Forex, commodities, indices

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 Traders: Demo Account

Part 2: mbc group Account Features Comparison

Detailed mbc group Account Features

The following features are compared across the different account types offered by MBC Group:

• Minimum Deposit:

• Standard: SAR 1,000

• ECN: SAR 5,000

• Pro: SAR 10,000

• Islamic: SAR 1,000

• Demo: SAR 0

• Maximum Leverage:

• Standard: 1:200

• ECN: 1:100

• Pro: 1:300

• Islamic: 1:200

• Demo: 1:200

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.1 pips

• Pro: From 1 pip

• Islamic: From 1.5 pips

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: SAR 10 per lot

• Pro: SAR 5 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro (0.01)

• ECN: Mini (0.1)

• Pro: Standard (1.0)

• Islamic: Micro (0.01)

• Demo: Micro (0.01)

• Available Trading Platforms:

• Standard: MT4

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4

• Demo: MT4

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: N/A

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: N/A

• Demo Account Features:

• Virtual balance of SAR 100,000

• Access to all trading instruments

• Risk-free trading environment

Advantages of Each Account Type

• Standard Account:

• User-friendly interface

• Access to educational resources

• No commission fees

• ECN Account:

• Direct market access

• Low spreads

• Suitable for high-frequency trading

• Pro Account:

• Enhanced trading conditions

• Priority execution

• Lower commission fees

• Islamic Account:

• Complies with Sharia law

• No interest fees

• Suitable for Muslim traders

• 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 advanced features

• ECN Account:

• Higher minimum deposit requirement

• Commission fees may increase trading costs

• Pro Account:

• High minimum deposit requirement

• More complex for beginners

• Islamic Account:

• Limited to Muslim traders

• May have fewer features than other accounts

• Demo Account:

• Virtual trading may not reflect real market conditions

• Limited duration of use

Part 3: mbc group Account Opening Requirements

mbc group Account Registration Requirements

To open an account with MBC Group, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of Saudi Arabia and select GCC countries.
• Prohibited Countries: Specific countries may be restricted; check the MBC Group website for details.
• Identity Verification Documents Needed:
• Valid government-issued ID (passport or national ID)
• Recent utility bill or bank statement for proof of residence
• Proof of Residence Requirements: Must provide a document showing your current address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

MBC Group adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. All users must complete identity verification before trading.

Verification Time Frames

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

Part 4: mbc group Account Opening Process

Step-by-Step mbc group Account Opening Guide

1. Visit Website and Click Registration: Go to the MBC Group website and click on the "Open Account" button.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the account type that best suits your trading needs.
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for your account to be verified by MBC Group.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once your account is funded, you can start trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, with a user-friendly interface designed for ease of use.

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

The average account approval time is between 1-3 business days, depending on document verification.

How to Upgrade/Downgrade Account Types

To upgrade or downgrade your account type, contact MBC Group customer support for assistance with the process.

Part 5: mbc group Demo Account Information

mbc group Demo Account Guide

• Demo Account Features and Benefits:

• Risk-free trading environment

• Access to all trading instruments

• Practice trading strategies without financial risk

• How to Open a Demo Account:

• Visit the MBC Group website and select the demo account option.

• Fill in the required personal information.

• Start trading with a virtual balance.

• Demo Account Limitations:

• Limited duration of use (typically 30 days)

• Virtual trading may not reflect real market conditions

• Virtual Balance Amount: SAR 100,000

• Demo vs Live Account Differences:

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

• Live accounts may have different trading conditions and fees.

• Duration/Expiry of Demo Accounts: Demo accounts typically expire after 30 days of inactivity.

Part 6: mbc group Islamic Account Details

mbc group Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, MBC Group offers Islamic accounts that comply with Sharia law.
• Eligibility Requirements: Must be a Muslim trader.
• Differences from Standard Accounts: Islamic accounts do not incur swap fees; otherwise, they have similar features to standard accounts.
• How to Apply for Islamic Account: Select the Islamic account option during the registration process or contact customer support for assistance.
• Restrictions or Special Conditions: Must adhere to Islamic finance principles; no interest-bearing transactions.

FAQs – mbc group Account Types & Opening

1. What account types does mbc group offer？

• MBC Group offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: SAR 1,000, ECN: SAR 5,000, Pro: SAR 10,000, Islamic: SAR 1,000, Demo: SAR 0.

1. How long does mbc group account verification take？

• Account verification typically takes 1-3 business days.

1. Does mbc group offer demo accounts？

• Yes, MBC Group offers a demo account with a virtual balance of SAR 100,000.

1. Can I have multiple account types with mbc group？

• Yes, you can have multiple account types, but you may need to contact customer support for assistance.

1. Does mbc group offer Islamic/swap-free accounts？

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

1. What documents do I need to open a mbc group account？

• You need a valid ID, proof of residence, and possibly additional documentation for professional accounts.

1. Can I change my account type after registration？

• Yes, you can change your account type by contacting customer support.