Mocaz broker Accounts

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

mocaz Account Types Explained

Mocaz Financial Markets offers a variety of account types to cater to different trading preferences and experience levels. Below is a detailed overview of the available account types:

1. Micro Account

• Minimum Deposit: $10
• Spread/Commission Structure: Minimum spread of 2 pips
• Leverage Options: Up to 1:500
• Key Features: Ideal for beginners, low entry barrier
• Target User Profile: Beginners
• Trading Instruments Available: Forex pairs, CFDs

2. Mini Account

• Minimum Deposit: $100
• Spread/Commission Structure: Minimum spread of 2 pips
• Leverage Options: Up to 1:500
• Key Features: Suitable for traders looking to increase their trading volume
• Target User Profile: Intermediate traders
• Trading Instruments Available: Forex pairs, CFDs

3. Standard Account

• Minimum Deposit: $1,000
• Spread/Commission Structure: Minimum spread of 1.5 pips
• Leverage Options: Up to 1:500
• Key Features: Offers tighter spreads and more trading options
• Target User Profile: Experienced traders
• Trading Instruments Available: Forex pairs, CFDs, commodities

4. Standard Pro Account

• Minimum Deposit: $10,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips
• Leverage Options: Up to 1:500
• Key Features: Advanced trading tools and lower trading costs
• Target User Profile: Professional traders
• Trading Instruments Available: Forex pairs, CFDs, commodities

5. ECN Account

• Minimum Deposit: $5,000
• Spread/Commission Structure: Spreads from 0 pips, commission applies
• Leverage Options: Up to 1:500
• Key Features: Direct market access, ideal for high-frequency trading
• Target User Profile: Advanced and institutional traders
• Trading Instruments Available: Forex pairs, CFDs, commodities

6. Islamic Account

• Minimum Deposit: $10
• Spread/Commission Structure: Similar to Micro account
• Leverage Options: Up to 1:500
• Key Features: Swap-free account compliant with Islamic finance principles
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex pairs, CFDs

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Micro Account
• Intermediate Traders: Mini Account
• Experienced Traders: Standard Account
• Professional Traders: Standard Pro Account
• Advanced Traders: ECN Account
• Muslim Traders: Islamic Account

Detailed mocaz Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Micro: $10

• Mini: $100

• Standard: $1,000

• Standard Pro: $10,000

• ECN: $5,000

• Islamic: $10

• Maximum Leverage:

• All accounts offer leverage up to 1:500.

• Spreads:

• Micro and Mini: Minimum spread of 2 pips

• Standard: Minimum spread of 1.5 pips

• Standard Pro: Variable spreads starting from 0.5 pips

• ECN: Spreads from 0 pips

• Commission Fees:

• Micro, Mini, Standard, and Islamic accounts typically do not have commissions.

• Standard Pro and ECN accounts may have commissions based on trading volume.

• Lot Size:

• Micro: 0.01 lots

• Mini: 0.1 lots

• Standard: 1 lot

• Standard Pro: 1 lot

• ECN: 1 lot

• Available Trading Platforms:

• All accounts support MetaTrader 4 (MT4).

• ECN accounts also have access to Netstation and ClearPro.

• Execution Type:

• Micro, Mini, Standard, and Islamic accounts offer market execution.

• ECN accounts provide direct market access.

• Islamic Account Availability:

• All account types can be converted to Islamic accounts upon request.

• Swap-Free Options:

• Available for Islamic accounts.

• Demo Account Features:

• Demo accounts are available for all account types to practice trading without risk.

Advantages and Disadvantages of Each Account Type

Micro Account

• Advantages:
• Low minimum deposit
• Ideal for beginners
• Access to a wide range of trading instruments
• Disadvantages:
• Higher spreads compared to other accounts

Mini Account

• Advantages:
• Slightly higher leverage
• Suitable for those transitioning from demo to live trading
• Disadvantages:
• Limited features compared to higher-tier accounts

Standard Account

• Advantages:
• Tighter spreads
• More trading options
• Disadvantages:
• Higher minimum deposit required

Standard Pro Account

• Advantages:
• Very low spreads
• Advanced trading tools
• Disadvantages:
• High minimum deposit

ECN Account

• Advantages:
• Direct market access
• Very low spreads
• Disadvantages:
• Higher minimum deposit and commission fees

Islamic Account

• Advantages:
• Compliance with Islamic finance principles
• Low minimum deposit
• Disadvantages:
• Limited to certain trading conditions

mocaz Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to most countries, but not to residents of the USA, Canada, and several other jurisdictions.
• Prohibited Countries: Includes Afghanistan, Australia, Canada, Cuba, Ecuador, Iran, Japan, Libya, Myanmar, North Korea, Puerto Rico, Sudan, Syria, and the USA.
• Identity Verification Documents Needed: Government-issued ID (passport or national ID).
• Proof of Residence Requirements: Utility bill or bank statement showing the applicant's name and address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

Mocaz adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to verify their identity and residence before trading.

Verification Time Frames

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

Step-by-Step mocaz Account Opening Guide

Registration Process

1. Visit the Website: Navigate to the official Mocaz website.
2. Click Registration: Locate the registration button on the homepage.
3. Personal Information Entry: Fill out the required personal details, including name, email, and phone number.
4. Choose Account Type: Select the desired account type from the options available.
5. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
6. Document Upload: Upload the necessary 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 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 interface may have a simplified layout.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Verification takes longer than expected.
• Solution: Contact customer support for assistance.

Average Account Approval Time

Most accounts are approved within 1-3 business days, depending on the volume of applications.

How to Upgrade/Downgrade Account Types

Traders can request an upgrade or downgrade through customer support, subject to the new account type's requirements.

mocaz Demo Account Guide

Demo Account Features and Benefits

• Features: Allows traders to practice trading with virtual funds.
• Benefits: No financial risk, helps in familiarizing with the trading platform and strategies.

How to Open a Demo Account

1. Visit the Mocaz website and select the demo account option.
2. Fill in the required personal information.
3. Set preferences for the demo account.
4. Start trading with virtual funds.

Demo Account Limitations

Demo accounts may have limitations on the duration of use and available trading instruments.

Virtual Balance Amount

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

Demo vs Live Account Differences

Demo accounts do not involve real money, while live accounts require actual funds and carry real financial risks.

Duration/Expiry of Demo Accounts

Demo accounts may expire after a certain period, usually 30 to 90 days, unless extended.

mocaz Islamic Account Details

Swap-Free/Islamic Account Availability

Mocaz offers Islamic accounts that comply with Sharia law, ensuring no swap interest is charged.

Eligibility Requirements

To qualify for an Islamic account, clients must provide a declaration of their adherence to Islamic finance principles.

Differences from Standard Accounts

Islamic accounts have no swap fees but may have slightly different trading conditions.

How to Apply for Islamic Account

Clients can request an Islamic account during the registration process or by contacting customer support after opening a standard account.

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions, such as limitations on certain trading strategies.

FAQs – mocaz Account Types & Opening

1. What account types does mocaz offer？

• Mocaz offers Micro, Mini, Standard, Standard Pro, ECN, and Islamic accounts.

1. What is the minimum deposit for each account type？

• Micro: $10, Mini: $100, Standard: $1,000, Standard Pro: $10,000, ECN: $5,000, Islamic: $10.

1. How long does mocaz account verification take？

• Verification typically takes 1-3 business days.

1. Does mocaz offer demo accounts？

• Yes, mocaz provides demo accounts for practice trading.

1. Can I have multiple account types with mocaz？

• Yes, clients can open multiple account types.

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

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

1. What documents do I need to open a mocaz 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 customer support.