MOK broker Accounts

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

Part 1: mok 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: User-friendly interface, suitable for beginners
• Target User Profile: Beginners and casual traders
• 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
• Target User Profile: Experienced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Competitive spreads with lower commission rates
• Leverage Options: Up to 1:100
• Key Features: Advanced trading tools, priority customer support
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Forex, commodities, indices, stocks

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard accounts with no swap fees
• Leverage Options: Up to 1:500
• Key Features: Compliant with Sharia law, no interest charges
• Target User Profile: Muslim traders
• 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: Same as Standard account
• Key Features: Risk-free environment for practice
• Target User Profile: Beginners and traders testing strategies
• Trading Instruments Available: Same as Standard account

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: mok Account Features Comparison

Detailed mok Account Features

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:100

• Islamic: Up to 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: Competitive spreads

• Islamic: Same as Standard

• Commission Fees:

• Standard: None

• ECN: Yes, based on volume

• Pro: Lower commission rates

• Islamic: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Standard

• Islamic: 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: Instant

• Islamic: Market

• Islamic Account Availability:

• Yes for Islamic Account

• Swap-Free Options:

• Available for Islamic Account

• Demo Account Features:

• Virtual trading environment, same features as Standard Account

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly interface

• Access to various trading instruments

• Suitable for beginners

• ECN Account:

• Direct market access

• Lower spreads

• Suitable for high-frequency trading

• Transparency in pricing

• Pro Account:

• Advanced trading tools

• Lower commission rates

• Priority support

• Ideal for professional traders

• Islamic Account:

• No interest charges

• Compliant with Sharia law

• Same features as Standard account

• Suitable for Muslim traders

• Demo Account:

• Risk-free environment

• Practice trading strategies

• Familiarize with the trading platform

• No financial commitment

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees may apply

• Pro Account:

• Higher minimum deposit

• May not be suitable for casual traders

• Islamic Account:

• Limited to Muslim traders

• May have fewer features than Pro accounts

• Demo Account:

• No real money involved

• Limited duration for practice

Part 3: mok Account Opening Requirements

mok Account Registration Requirements

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old

• Geographic Restrictions: Available in multiple countries; check specific restrictions

• Prohibited Countries: Specific countries may be restricted; check with mok

• Identity Verification Documents Needed:

• Government-issued ID (passport or national ID)

• Proof of address (utility bill or bank statement)

• Proof of Residence Requirements:

• Recent utility bill or bank statement showing the applicant's name and address

• Additional Documentation for Professional Accounts:

• Business registration documents (if applicable)

• Proof of income or financial statements

• KYC/AML Compliance Procedures:

• Verification of identity and address

• Source of funds may be required

• Verification Time Frames:

• Typically takes 1-3 business days for account verification

Part 4: mok Account Opening Process

Step-by-Step mok Account Opening Guide

1. Visit website and click registration: Go to the mok website and find the registration link.
2. Personal information entry: Fill out the required personal details including name, email, and phone number.
3. Choose account type: Select the account type that suits your trading needs.
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 verified and funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but the mobile app may have a more streamlined interface for easier navigation.

Common Registration Issues and Solutions

• Issue: Document upload failures

• Solution: Ensure documents are clear and in the correct format.

• Issue: Delayed verification

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes 1-3 business days.

How to Upgrade/Downgrade Account Types

• Users can request account type changes through customer support or their account management portal.

Part 5: mok Demo Account Information

mok Demo Account Guide

• Demo Account Features and Benefits:

• Access to the same trading platform as live accounts

• Practice trading without financial risk

• Ability to test trading strategies in real market conditions

• How to Open a Demo Account:

• Follow the registration process and select the demo account option.

• Demo Account Limitations:

• Limited duration (typically 30 days)

• Virtual funds only

• Virtual Balance Amount:

• Usually $10,000 in virtual funds

• Demo vs Live Account Differences:

• Demo accounts use virtual funds; live accounts involve real money.

• Duration/Expiry of Demo Accounts:

• Demo accounts typically expire after 30 days but can be renewed.

Part 6: mok Islamic Account Details

mok Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Yes, available for Muslim traders.

• Eligibility Requirements:

• Must provide proof of Muslim faith if required.

• Differences from Standard Accounts:

• No swap fees applied on overnight positions.

• How to Apply for Islamic Account:

• Select the Islamic account option during the registration process.

• Restrictions or Special Conditions:

• Must comply with Sharia law; no interest-based transactions.

FAQs – mok Account Types & Opening

1. What account types does mok offer？

• mok 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: $100, Demo: Virtual funds.

1. How long does mok account verification take？

• Verification typically takes 1-3 business days.

1. Does mok offer demo accounts？

• Yes, mok offers demo accounts for practice trading.

1. Can I have multiple account types with mok？

• Yes, users can have multiple account types.

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

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

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

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

1. Can I change my account type after registration？

• Yes, users can request to change their account type through customer support.