MND broker Accounts

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

Part 1: mnd Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: User-friendly interface, access to educational resources.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Spreads from 0.1 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, faster execution.
• Target User Profile: Intermediate to advanced traders.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 0.0 pips; commission of $2 per lot.
• Leverage Options: Up to 1:100.
• Key Features: Tailored for professional traders, advanced trading tools.
• Target User Profile: Professional and institutional traders.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

1. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard and ECN accounts, no swap fees.
• Leverage Options: Up to 1:200.
• Key Features: Complies with Sharia law, no interest on overnight positions.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000).
• Spread/Commission Structure: Same as live accounts.
• Leverage Options: Same as live accounts.
• Key Features: Risk-free trading environment, practice strategies.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Same as live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account or Demo Account.
• Intermediate Traders: ECN Account.
• Advanced/Professional Traders: Pro Account.
• Muslim Traders: Islamic Account.

Part 2: Detailed mnd Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $500

• Demo: Virtual funds

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:100

• Islamic: Up to 1:200

• Demo: Same as live accounts

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.1 pips

• Pro: From 0.0 pips

• Islamic: Similar to Standard

• Demo: Same as live accounts

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Demo: None

• 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

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• 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 funds for practice, same trading conditions as live accounts.

Advantages and Disadvantages of Each Account Type

• Standard Account:

• Advantages: Low minimum deposit, user-friendly.

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

• ECN Account:

• Advantages: Low spreads, direct market access.

• Disadvantages: Higher minimum deposit, commission fees.

• Pro Account:

• Advantages: Lowest spreads, advanced trading tools.

• Disadvantages: High minimum deposit, commission fees.

• Islamic Account:

• Advantages: Sharia-compliant, no swap fees.

• Disadvantages: Limited availability, similar spreads to Standard.

• Demo Account:

• Advantages: Risk-free trading, practice environment.

• Disadvantages: Limited to virtual funds, no real profits.

Part 3: mnd Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Not available in certain countries (specific countries not listed).
• Prohibited Countries: Specific countries may be restricted (details not provided).
• Identity Verification Documents Needed: Government-issued ID (passport or driver's license).
• Proof of Residence Requirements: Utility bill or bank statement showing current address.
• Additional Documentation for Professional Accounts: Proof of trading experience or financial statements may be required.

KYC/AML Compliance Procedures

• mnd follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations to verify the identity of clients and ensure the legitimacy of funds.

Verification Time Frames

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

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

Registration Process

1. Visit Website: Go to the mnd official website.
2. Click Registration: Locate and click the "Register" button.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select the desired account type from the available options.
5. Set Trading Preferences: Indicate trading preferences and risk tolerance.
6. Document Upload: Upload required identification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit the minimum required amount to activate the account.
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 interface may have a simplified layout.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and in the correct format (JPEG, PDF).
• Issue: Account verification delay.
• 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 an upgrade or downgrade through the account management section of the mnd platform, subject to the new account type's requirements.

Part 5: mnd Demo Account Guide

Demo Account Features and Benefits

• Offers a risk-free environment for practice trading with virtual funds.
• Allows users to test strategies and familiarize themselves with the trading platform.

How to Open a Demo Account

• Follow the same registration process as for live accounts, selecting the demo account option.

Demo Account Limitations

• Limited to virtual funds, no real profits can be made.

Virtual Balance Amount

• Typically set at $10,000 in virtual funds.

Demo vs Live Account Differences

• Demo accounts use virtual funds and do not involve real trading risks, while live accounts require real deposits and can generate actual profits or losses.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for 30 days, after which they may expire unless extended.

Part 6: mnd Islamic Account Details

Swap-Free/Islamic Account Availability

• mnd offers Islamic accounts that comply with Sharia law, providing a swap-free trading experience.

Eligibility Requirements

• Must be a Muslim trader seeking compliant trading options.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, unlike standard accounts which may have overnight interest.

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 or limitations on certain instruments.

FAQs – mnd Account Types & Opening

1. What account types does mnd offer？

• mnd 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: Virtual funds.

1. How long does mnd account verification take？

• Verification typically takes 1-3 business days.

1. Does mnd offer demo accounts？

• Yes, mnd offers demo accounts for practice trading.

1. Can I have multiple account types with mnd？

• Yes, users can open multiple account types.

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

• Yes, mnd provides Islamic accounts that comply with Sharia law.

1. What documents do I need to open a mnd 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 the account management section.