MCE broker Accounts

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

Part 1: mce Account Types Overview

mce Account Types Explained

mce offers several account types designed to cater to different trading needs and preferences. Below are the available account types along with their key features:

Recommended Account Types by Trader Level

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

Part 2: mce Account Features Comparison

Detailed mce Account Features

The following table compares features across different mce account types:

Advantages and Disadvantages of Each Account Type

• Standard Account

• Advantages: Low entry barrier, no commission fees, suitable for beginners.

• Disadvantages: Higher spreads compared to ECN and Pro accounts.

• ECN Account

• Advantages: Direct market access, lower spreads, faster execution.

• Disadvantages: Higher minimum deposit, commission fees apply.

• Pro Account

• Advantages: Tight spreads, advanced trading features, suitable for institutional traders.

• Disadvantages: High minimum deposit requirement.

• Islamic Account

• Advantages: Swap-free trading, compliant with Islamic finance principles.

• Disadvantages: Limited availability of certain features.

• Demo Account

• Advantages: Risk-free trading environment, practice without financial commitment.

• Disadvantages: Limited time frame for use, no real profits.

Part 3: mce Account Opening Requirements

mce Account Registration Requirements

To open an mce account, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: mce may have restrictions based on the user's country of residence.
• Prohibited Countries: Specific countries may be restricted from opening accounts due to regulatory reasons.
• Identity Verification Documents Needed:
• Government-issued ID (passport, drivers license)
• Proof of residence (utility bill, bank statement)
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

mce adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring users to provide necessary documentation for verification.

Verification Time Frames

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

Part 4: mce Account Opening Process

Step-by-Step mce Account Opening Guide

1. Visit the Website: Go to the official mce website and click on the registration link.
2. Personal Information Entry: Fill in your personal details including name, email, and phone number.
3. Choose Account Type: Select the type of account you wish to open (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Specify your trading preferences and risk tolerance.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for the mce team to verify your documents.
7. Fund Your Account: Once verified, deposit the minimum required amount to activate your account.
8. Start Trading: Begin trading on your chosen platform.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, although the mobile interface may have a simplified layout.

Common Registration Issues and Solutions

• Issue: Validation code not received.
• Solution: Check spam/junk folders or request a resend.
• Issue: Document upload fails.
• Solution: Ensure documents are in the correct format and size.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

Users can contact mce customer support to request an upgrade or downgrade of their account type, subject to the terms and conditions.

Part 5: mce Demo Account Information

mce Demo Account Guide

The mce demo account allows traders to practice trading without financial risk.

Demo Account Features and Benefits

• Access to real market conditions without financial risk.
• Ability to practice trading strategies and familiarize with the trading platform.

How to Open a Demo Account

1. Visit the mce website.
2. Select the demo account option during registration.
3. Complete the required information and submit.

Demo Account Limitations

Demo accounts may have a limited duration and virtual balance.

Virtual Balance Amount

Typically, demo accounts come with a virtual balance of $10,000 or similar.

Demo vs Live Account Differences

Demo accounts do not involve real money, while live accounts require actual funds and can result in real profits or losses.

Duration/Expiry of Demo Accounts

Demo accounts usually expire after a set period, often 30 days, unless extended by the broker.

Part 6: mce Islamic Account (if available)

mce Islamic Account Details

mce offers Islamic accounts that comply with Sharia law.

Swap-Free/Islamic Account Availability

Islamic accounts are available for traders who require swap-free trading options.

Eligibility Requirements

To qualify for an Islamic account, traders must provide proof of their Islamic faith.

Differences from Standard Accounts

Islamic accounts do not incur swap fees, making them suitable for Muslim traders.

How to Apply for Islamic Account

During the registration process, select the Islamic account option and provide necessary documentation.

Restrictions or Special Conditions

Islamic accounts may have specific conditions regarding trading instruments and leverage.

FAQs – mce Account Types & Opening

1. What account types does mce offer？

• mce 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: $0.

1. How long does mce account verification take？

• Verification typically takes 1-3 business days.

1. Does mce offer demo accounts？

• Yes, mce provides demo accounts for practice trading.

1. Can I have multiple account types with mce？

• Yes, users can open multiple account types.

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

• Yes, mce offers Islamic accounts that are swap-free.

1. What documents do I need to open a mce 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.