MC broker Accounts

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

Part 1: mc Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:500
• Key Features: Basic trading features, suitable for beginners
• Target User Profile: Beginner traders
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads with a commission fee of $5 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads
• Target User Profile: Experienced traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads starting from 0.5 pips with a commission fee
• Leverage Options: Up to 1:100
• Key Features: Advanced trading tools, priority support
• Target User Profile: Professional traders
• Trading Instruments Available: All instruments

1. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, but swap-free
• Leverage Options: Up to 1:200
• Key Features: Compliance with Islamic finance principles
• Target User Profile: Traders seeking Sharia-compliant options
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: Virtual balance (usually $10,000)
• Spread/Commission Structure: Same as live accounts
• Leverage Options: Same as live accounts
• Key Features: Practice trading without risk
• Target User Profile: Beginners and experienced traders testing strategies
• Trading Instruments Available: All instruments

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginner: Standard Account
• Intermediate: ECN Account
• Advanced: Pro Account
• Islamic Compliance: Islamic Account
• Practice: Demo Account

Part 2: Detailed mc Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $500

• Demo: Virtual balance

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:100

• Islamic: Up to 1:200

• Demo: Same as live accounts

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: Raw spreads

• Pro: From 0.5 pips

• Islamic: Similar to Standard or ECN

• Commission Fees:

• Standard: None

• ECN: $5 per lot

• Pro: Yes (varies)

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Micro, Mini, Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: No

• ECN: No

• Pro: No

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Standard: No

• ECN: No

• Pro: No

• Islamic: Yes

• Demo: No

• Demo Account Features:

• Virtual balance for practice

• Access to all trading instruments

• Same trading conditions as live accounts

Advantages and Disadvantages of Each Account Type

• Standard Account:

• Advantages: Low minimum deposit, user-friendly for beginners, no commission fees.

• Disadvantages: Higher spreads, limited advanced features.

• ECN Account:

• Advantages: Lower spreads, direct market access, suitable for scalpers.

• Disadvantages: Higher minimum deposit, commission fees apply.

• Pro Account:

• Advantages: Fixed spreads, advanced trading tools, priority support.

• Disadvantages: High minimum deposit, commission fees may apply.

• Islamic Account:

• Advantages: Compliance with Islamic finance, no swap fees.

• Disadvantages: Limited availability, higher minimum deposit.

• Demo Account:

• Advantages: Risk-free trading, practice strategies, no financial commitment.

• Disadvantages: Limited to virtual funds, no real profits.

Part 3: mc Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; check specific restrictions.
• Prohibited Countries: Countries under sanctions or restrictions may be prohibited.
• Identity Verification Documents Needed: Government-issued ID (passport, drivers license).
• Proof of Residence Requirements: Utility bill or bank statement with your name and address.
• Additional Documentation for Professional Accounts: Proof of trading experience or financial status may be required.

KYC/AML Compliance Procedures

• Complete identity verification through document submission.
• Provide additional information as required for compliance with anti-money laundering regulations.

Verification Time Frames

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

Part 4: Step-by-Step mc Account Opening Guide

Registration Process

1. Visit Website: Go to the official mc trading website.
2. Click Registration: Locate and click the registration button.
3. Personal Information Entry: Fill in your personal details (name, email, phone number).
4. Choose Account Type: Select the desired account type (Standard, ECN, etc.).
5. Set Trading Preferences: Specify your trading preferences and settings.
6. Document Upload: Upload required identity verification documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds to start trading.
9. Start Trading: Access your trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile registration may have additional prompts for app permissions.

Common Registration Issues and Solutions

• Issue: Document rejection due to poor quality.
• Solution: Resubmit clear, high-resolution copies of documents.
• Issue: Email verification not received.
• Solution: Check spam/junk folders or request a new verification email.

Average Account Approval Time

• Generally, account approval takes 1-3 business days.

How to Upgrade/Downgrade Account Types

• Log into your account, navigate to account settings, and select the option to upgrade or downgrade your account type. Follow the prompts to complete the process.

Part 5: mc Demo Account Guide

Demo Account Features and Benefits

• Practice trading with a virtual balance.
• Access to all trading instruments.
• No financial risk involved.

How to Open a Demo Account

• Visit the mc website, select the demo account option, and follow the registration prompts.

Demo Account Limitations

• Limited to virtual funds.
• No real profits can be earned.

Virtual Balance Amount

• Typically set at $10,000 for practice purposes.

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts involve real money.
• Trading conditions may vary slightly between demo and live accounts.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for 30 days, but this can vary by broker.

Part 6: mc Islamic Account Details

Swap-Free/Islamic Account Availability

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

Eligibility Requirements

• Must provide documentation confirming the need for a swap-free account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, aligning with Islamic finance principles.

How to Apply for Islamic Account

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

Restrictions or Special Conditions

• May have specific trading conditions or limitations compared to standard accounts.

FAQs – mc Account Types & Opening

1. What account types does mc offer？

• mc 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: $500, Demo: Virtual balance.

1. How long does mc account verification take？

• Verification typically takes 1-3 business days.

1. Does mc offer demo accounts？

• Yes, mc offers demo accounts for practice trading.

1. Can I have multiple account types with mc？

• Yes, you can have multiple account types, but they must be registered separately.

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

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

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

• You need a government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can upgrade or downgrade your account type through your account settings.