MMK broker Accounts

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

mmk Account Types Explained

The mmk platform offers a variety of account types tailored to different trading needs and experience levels. Below is a detailed overview of each account type available:

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: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

2. 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.
• Target User Profile: Intermediate to advanced traders.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Competitive spreads starting from 0.5 pips with a commission of $3 per lot.
• Leverage Options: Up to 1:300
• Key Features: Advanced trading tools and analytics.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, depending on the chosen type.
• Leverage Options: Up to 1:500
• Key Features: Swap-free, compliant with Islamic finance principles.
• Target User Profile: Muslim traders seeking compliance with Sharia law.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard account.
• Leverage Options: Up to 1:500
• Key Features: Practice trading with virtual funds.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed mmk 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 1:500

• Demo: Up to 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: From 0.5 pips

• Islamic: Similar to Standard

• Demo: Same as Standard

• Commission Fees:

• Standard: N/A

• ECN: $5 per lot

• Pro: $3 per lot

• Islamic: N/A

• Demo: N/A

• 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, Proprietary

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Available for Islamic Account type only.

• Swap-Free Options:

• Available for Islamic Account type.

• Demo Account Features:

• Virtual balance for practice trading.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• Easy to use for beginners.

• Access to a variety of trading instruments.

• ECN Account:

• Lower spreads and direct market access.

• Ideal for scalpers and high-frequency traders.

• Greater transparency in pricing.

• Pro Account:

• Advanced trading tools and analytics.

• Competitive commission rates.

• Suitable for professional trading strategies.

• Islamic Account:

• Complies with Sharia law.

• Swap-free trading options.

• Available for all trading instruments.

• Demo Account:

• Risk-free environment for practice.

• Allows testing of strategies without financial risk.

• Unlimited duration for practice.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit requirement.

• Commission fees may add up for frequent traders.

• Pro Account:

• Requires a higher initial investment.

• May not be suitable for casual traders.

• Islamic Account:

• Limited to specific trading conditions.

• May have higher spreads than standard accounts.

• Demo Account:

• No real financial gains.

• Limited to virtual trading experience.

mmk 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: Specific countries may be restricted due to regulatory compliance.

Identity Verification Documents Needed

• Proof of Identity: Government-issued ID (passport, driver's license).
• Proof of Residence: Utility bill, bank statement, or government document with your name and address.
• Additional Documentation for Professional Accounts: May include financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.

Verification Time Frames

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

Step-by-Step mmk Account Opening Guide

1. Visit Website and Click Registration: Go to the mmk official website and locate the registration button.
2. Personal Information Entry: Fill out the required personal information, including name, email, and phone number.
3. Choose Account Type: Select the desired account type from the available options.
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload the necessary identity verification documents.
6. Account Verification: Wait for the verification process to be completed.
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 desktop and mobile platforms, but mobile users may have a more streamlined experience.

Common Registration Issues and Solutions

• Issue: Document upload errors.
• Solution: Ensure documents are clear and meet the required format.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• The average account approval time is between 1-3 business days.

How to Upgrade/Downgrade Account Types

• Users can request to upgrade or downgrade their account type through the customer support portal.

mmk Demo Account Guide

Demo Account Features and Benefits

• The demo account allows users to practice trading with virtual funds, providing a risk-free environment to hone trading skills.

How to Open a Demo Account

• Visit the mmk website, select the demo account option, and follow the registration steps similar to opening a live account.

Demo Account Limitations

• The demo account is limited to virtual funds and does not provide real financial gains.

Virtual Balance Amount

• The demo account typically comes with a virtual balance of $100,000, but this may vary.

Demo vs Live Account Differences

• The demo account uses virtual funds, while the live account involves real money and actual trading conditions.

Duration/Expiry of Demo Accounts

• Demo accounts may remain active for an extended period, but users should check specific terms on the mmk platform.

mmk Islamic Account Details

Swap-Free/Islamic Account Availability

• The Islamic account is available for traders who require a swap-free option.

Eligibility Requirements

• Traders must provide documentation confirming their eligibility for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, adhering to Sharia law.

How to Apply for Islamic Account

• Apply through the standard account registration process and select the Islamic account option.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions, including limited trading instruments.

FAQs – mmk Account Types & Opening

1. What account types does mmk offer？

• mmk 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 mmk account verification take？

• Verification typically takes 1-3 business days.

1. Does mmk offer demo accounts？

• Yes, mmk offers demo accounts for practice trading.

1. Can I have multiple account types with mmk？

• Yes, users can have multiple account types.

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

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

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

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

1. Can I change my account type after registration？

• Yes, users can request to upgrade or downgrade their account type.