MME broker Accounts

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

Part 1: mme 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 tools, access to major currency pairs
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads from 0.0 pips + commission
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, faster execution
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads starting from 1.5 pips
• Leverage Options: Up to 1:300
• Key Features: Advanced trading tools, priority support
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, stocks

1. Islamic Account

• Minimum Deposit Requirement: $200
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: Swap-free trading
• Target User Profile: Muslim traders seeking compliance with Sharia law
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (usually $10,000)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:500
• Key Features: Risk-free trading environment, practice strategies
• Target User Profile: Beginners and experienced traders testing strategies
• Trading Instruments Available: Forex, commodities, indices

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: Detailed mme Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to educational resources

• ECN Account:

• Lower spreads and commissions

• Direct market access

• Suitable for high-frequency trading

• Pro Account:

• Advanced trading tools

• Priority customer support

• Fixed spreads for better predictability

• Islamic Account:

• Compliance with Sharia law

• No swap fees

• Similar trading conditions to Standard Account

• Demo Account:

• Risk-free trading environment

• Practice strategies without financial risk

• 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 can add up

• Pro Account:

• Higher minimum deposit

• May not be suitable for casual traders

• Islamic Account:

• Limited availability

• May have fewer trading instruments

• Demo Account:

• Virtual funds may not reflect real market conditions

• Limited duration for practice

Part 3: mme Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries, but specific restrictions may apply.
• Prohibited Countries: Countries under international sanctions may be restricted.
• Identity Verification Documents Needed:
• Government-issued ID (passport or driver's license)
• 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 proof of trading experience or financial status.

KYC/AML Compliance Procedures

• All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Verification of identity and address is mandatory.

Verification Time Frames

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

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

Registration Process

1. Visit Website: Go to the official mme website.
2. Click Registration: Locate and click the "Register" button.
3. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
4. Choose Account Type: Select the account type that suits your trading needs.
5. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
6. Document Upload: Upload required identity verification documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds into your account to start trading.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

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

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are in the correct format and within size limits.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of your account type. Additional documentation may be required for certain account types.

Part 5: mme Demo Account Guide

Demo Account Features and Benefits

• Risk-free environment for practicing trading strategies.
• Access to all trading instruments available in live accounts.
• Ability to test the trading platform without financial risk.

How to Open a Demo Account

• Visit the mme website and select the demo account option.
• Fill out the registration form and provide necessary details.
• Receive login credentials to access the demo account.

Demo Account Limitations

• Limited duration (usually 30 days) before the demo account expires.
• Virtual funds may not accurately reflect real market conditions.

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.
• Trading conditions may differ slightly due to market volatility.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity or upon reaching the maximum duration set by the broker.

Part 6: mme Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available for traders who require compliance with Sharia law.

Eligibility Requirements

• Must provide documentation proving eligibility for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, which are typically charged on overnight positions.

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, such as limits on certain trading strategies.

FAQs – mme Account Types & Opening

1. What account types does mme offer？

• mme 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: $200, Demo: Virtual funds.

1. How long does mme account verification take？

• Verification typically takes 1-3 business days.

1. Does mme offer demo accounts？

• Yes, mme offers demo accounts with virtual funds for practice.

1. Can I have multiple account types with mme？

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

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

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

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