meilin broker Accounts

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

Part 1: meilin Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 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 starting from 0.0 pips with a commission of $5 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, suitable for scalpers
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads starting from 1.0 pip
• Leverage Options: Up to 1:300
• Key Features: Enhanced trading tools, priority support
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

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: Complies with Sharia law, no swap fees
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard account
• Leverage Options: Same as Standard account
• Key Features: Practice trading without risk
• Target User Profile: Beginner traders and those testing strategies
• Trading Instruments Available: Forex, commodities, indices

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: Detailed meilin Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $500

• Demo: N/A

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:300

• Islamic: Up to 1:200

• Demo: N/A

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.0 pips

• Pro: From 1.0 pip

• Islamic: Similar to Standard

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $5 per lot

• Pro: None

• Islamic: None

• Demo: N/A

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: 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: Instant

• 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: $10,000

• Duration/Expiry: 30 days

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to a wide range of instruments

• ECN Account:

• Tight spreads

• Direct market access

• Suitable for high-frequency trading

• Pro Account:

• Fixed spreads

• Enhanced trading tools

• Priority customer support

• Islamic Account:

• Complies with Sharia law

• No swap fees

• Suitable for Muslim traders

• Demo Account:

• Risk-free trading 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

• Commission fees apply

• Pro Account:

• Higher minimum deposit

• May not be suitable for casual traders

• Islamic Account:

• Limited availability

• May have fewer features than other accounts

• Demo Account:

• Limited duration

• No real profit or loss experience

Part 3: meilin 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 international sanctions or restrictions
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Recent documents showing your name and address
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience

KYC/AML Compliance Procedures

• Verification of identity and address
• Assessment of financial background and trading experience
• Monitoring of transactions for suspicious activity

Verification Time Frames

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

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

Detailed Registration Process

1. Visit Website and Click Registration: Go to the meilin official website and find the registration 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 suits your trading needs.
4. Set Trading Preferences: Specify your 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 your account.
8. Start Trading: Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile registration may have a simplified interface.

Common Registration Issues and Solutions

• Issue: Document upload errors
• Solution: Ensure documents are clear and meet size requirements.
• Issue: Delays in verification
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Most accounts are approved within 1-3 business days.

How to Upgrade/Downgrade Account Types

• Log in to 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: meilin Demo Account Guide

Demo Account Features and Benefits

• Practice trading without financial risk
• Access to all trading instruments
• Ability to test strategies in real market conditions

How to Open a Demo Account

• Follow the same registration steps as for a live account but select the demo account option.

Demo Account Limitations

• Limited duration (typically 30 days)
• Virtual funds only; no real trading profits

Virtual Balance Amount

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

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Live accounts may incur trading fees and commissions.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity.

Part 6: meilin Islamic Account Details

Swap-Free/Islamic Account Availability

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

Eligibility Requirements

• Must provide documentation confirming Muslim status.

Differences from Standard Accounts

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

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, including restrictions on certain instruments.

FAQs – meilin Account Types & Opening

1. What account types does meilin offer？

• meilin 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: N/A.

1. How long does meilin account verification take？

• Verification typically takes 1-3 business days.

1. Does meilin offer demo accounts？

• Yes, meilin offers demo accounts for practice trading.

1. Can I have multiple account types with meilin？

• Yes, you can have multiple account types, but you must register each separately.

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

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

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

• A government-issued ID and proof of address are required.

1. Can I change my account type after registration？

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