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Pros

Offers access to a variety of financial instruments, including forex, CFDs, commodities, and indices.
Established history since 1979, which may indicate experience in the industry.
User-friendly proprietary trading platform that aims to provide efficient execution.

Cons

Lacks proper regulation, posing a higher risk for traders.
Mixed customer feedback regarding service quality and withdrawal issues.
No insurance or protection for client funds, increasing potential financial risks.

MKS broker Accounts

MKS Account Type

MKS offers a range of account types designed to cater to various trading needs, from beginners to advanced users. The primary account types include:

  • Flex Account
    • Basic Currency: USD, EUR, JPY
    • Contract Size: 1 lot = 100,000
    • Leverage: Up to 1:100
    • Transaction Fee: None
    • Spread (Major Currency): 1.7 pips
    • Minimum Deposit Amount: 50 USD
    • Maximum Number of Positions: 100 (Forex)
    • Platform: MT4
    • Smart Account
      • Basic Currency: USD, EUR, JPY
      • Contract Size: 1 lot = 100,000
      • Leverage: Up to 1:1000 (varies by balance)
      • Transaction Fee: None
      • Spread (Major Currency): 1.0 pips
      • Minimum Deposit Amount: 100 USD
      • Maximum Number of Positions: 200 (including reserved orders)
      • Platform: MT4
      • Elite Account
        • Basic Currency: USD, EUR, JPY
        • Contract Size: 1 lot = 100,000
        • Leverage: Up to 1:500 (varies by balance)
        • Transaction Fee: One-way 0.2 pips / 1 lot
        • Spread (Major Currency): 0.2 pips
        • Minimum Deposit Amount: 1,000 USD
        • Maximum Number of Positions: 100 (including reserved orders)
        • Platform: MT4

        MKS Broker Account Opening Process

        Opening an account with MKS is a straightforward process that can typically be completed online. Here are the steps to follow:

        • Visit the MKS Website: Go to MKS official website.
        • Account Registration: Click on the "New Account Registration" option.
        • Fill in Contact Details: Provide your email address, first name, last name, and phone number.
        • Address Details: Enter your company/organization/school, address line 1, town/city, postal/zip code, and country/region.
        • Account Preferences: Indicate whether this is a residential address and if you are a reseller or distributor.
        • Choose a Password: Create a password that meets the specified criteria (at least 8 characters, including at least 1 letter and 1 number).
        • Submit Application: After completing all required fields, submit your application.
        • Once your application is submitted, you will receive further instructions to verify your account and start trading.

MKS accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
MKS Account