MBS broker Accounts

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

mbs Account Types Explained

When considering trading with mbs, understanding the various account types available is crucial. Each account type caters to different trading needs and preferences. Below is a comprehensive overview of the mbs account types.

Available Account Types

1. Standard Account

• Minimum Deposit: $100
• Spread/Commission Structure: Fixed spreads starting from 1.5 pips
• Leverage Options: Up to 1:500
• Key Features: Access to all trading instruments, basic trading tools, and educational resources.
• Target User Profile: Beginners and intermediate traders.
• Trading Instruments Available: Forex, commodities, indices.

1. ECN Account

• Minimum Deposit: $500
• Spread/Commission Structure: Variable spreads with a commission of $3 per lot
• Leverage Options: Up to 1:100
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

1. Pro Account

• Minimum Deposit: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips, commission of $2 per lot
• Leverage Options: Up to 1:200
• Key Features: Enhanced trading conditions, priority customer support, and advanced trading tools.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: All trading instruments.

1. Islamic Account

• Minimum Deposit: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: No swap fees, compliant with Sharia law.
• Target User Profile: Muslim traders seeking Sharia-compliant trading options.
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:500
• Key Features: Practice trading with virtual funds, access to all trading instruments.
• Target User Profile: Beginners wanting to learn trading without financial risk.
• Trading Instruments Available: All trading instruments.

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

Detailed mbs 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: 1:100

• Pro: 1:200

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: 1.5 pips

• ECN: 0.1 pips (variable)

• Pro: 0.5 pips (variable)

• Islamic: 1.5 pips

• Demo: 1.5 pips

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: 1 lot

• ECN: 0.1 lot

• Pro: 1 lot

• Islamic: 1 lot

• Demo: 1 lot

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: Instant

• 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 balance, access to all trading instruments, practice trading without risk.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• Fixed spreads

• Suitable for beginners

• ECN Account:

• Lower spreads

• Direct market access

• Suitable for scalping

• Pro Account:

• Enhanced trading conditions

• Lower commissions

• Priority support

• Islamic Account:

• No swap fees

• Sharia-compliant

• Accessible to all trading instruments

• Demo Account:

• Risk-free trading

• Practice with virtual funds

• Access to all features

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees may reduce profitability

• Pro Account:

• High minimum deposit

• More complex for beginners

• Islamic Account:

• Limited advanced features

• May not suit all trading strategies

• Demo Account:

• No real money trading

• Limited duration for practice

mbs Account Registration Requirements

Eligibility Criteria

• Age Requirements: Minimum age of 18 years.
• Geographic Restrictions: Available in most countries; check specific restrictions.
• Prohibited Countries: Specific countries may be restricted; check with mbs for details.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Recent utility bill or bank statement showing the applicant's name and address.
• Additional Documentation for Professional Accounts: Business registration documents and proof of trading experience.

KYC/AML Compliance Procedures

• mbs adheres to strict KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, requiring all clients to verify their identity and provide necessary documentation.

Verification Time Frames

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

Step-by-Step mbs Account Opening Guide

Registration Process

1. Visit Website and Click Registration: Navigate to the mbs official website and select the registration option.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type based on trading needs.
4. Set Trading Preferences: Specify trading preferences, including leverage and trading instruments.
5. Document Upload: Upload required identity verification documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate the account.
8. Start Trading: Once funded, access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but mobile users may experience a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document rejection due to poor quality.

• Solution: Ensure all documents are clear and legible before uploading.

• Issue: Delays in verification.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• The average time for account approval is between 1-3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

• Users can request to upgrade or downgrade their account type through the customer support portal, subject to meeting the new account requirements.

mbs Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment for practicing trading strategies.
• Access to all trading instruments available in live accounts.
• Virtual funds to simulate real trading conditions.

How to Open a Demo Account

• Select the demo account option during the registration process and follow the prompts to set up.

Demo Account Limitations

• Limited duration (typically 30 days).
• No real money trading; only virtual funds available.

Virtual Balance Amount

• The demo account typically starts with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money trading.
• Demo accounts may have limited features compared to live accounts.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity.

mbs Islamic Account Details

Swap-Free/Islamic Account Availability

• mbs offers Islamic accounts that comply with Sharia law, ensuring no swap fees are applied.

Eligibility Requirements

• Must be a practicing Muslim to apply for an Islamic account.

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; check with mbs for details.

FAQs – mbs Account Types & Opening

1. What account types does mbs offer？

• mbs 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 mbs account verification take？

• Account verification typically takes 1-3 business days.

1. Does mbs offer demo accounts？

• Yes, mbs offers demo accounts for practice trading.

1. Can I have multiple account types with mbs？

• Yes, you can open multiple account types as per your trading needs.

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

• Yes, mbs provides Islamic accounts that are swap-free.

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

• A government-issued ID and proof of address 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.