MOKENT broker Accounts

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

Part 1: mokent Account Types Overview

mokent Account Types Explained

mokent offers a variety of account types designed to cater to different trading needs and profiles. 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; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Ideal for beginners; access to all trading instruments.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips with a commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access; suitable for scalping and high-frequency trading.
• Target User Profile: Advanced traders.
• Trading Instruments Available: Forex, commodities, indices.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Competitive spreads starting from 0.5 pips; commission of $2 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Enhanced trading conditions; priority customer support.
• Target User Profile: Professional traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to the Standard Account; no swaps.
• Leverage Options: Up to 1:500.
• Key Features: Swap-free trading; compliant with Islamic finance principles.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual funds provided (typically $10,000).
• Spread/Commission Structure: Similar to the Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free environment to practice trading strategies.
• Target User Profile: Beginners and experienced traders testing strategies.
• Trading Instruments Available: All instruments available in live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: mokent Account Features Comparison

Detailed mokent Account Features

The following table compares the features across different mokent account types:

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• Suitable for beginners.

• ECN Account:

• Tight spreads.

• Direct market access.

• Suitable for scalping.

• Pro Account:

• Competitive trading conditions.

• Enhanced support.

• Suitable for professionals.

• Islamic Account:

• Compliant with Islamic finance principles.

• No swap fees.

• Demo Account:

• Risk-free trading environment.

• Access to all trading instruments.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• ECN Account:

• Higher minimum deposit required.

• Commission fees apply.

• Pro Account:

• Higher minimum deposit compared to Standard.

• Islamic Account:

• Limited to Muslim traders only.

• Demo Account:

• Virtual funds only; no real profit.

Part 3: mokent Account Opening Requirements

mokent Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; specific restrictions may apply.
• Prohibited Countries: Countries under international sanctions.
• 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: Proof of trading experience or financial status may be required.

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 to 3 business days, depending on the completeness of the submitted documents.

Part 4: mokent Account Opening Process

Step-by-Step mokent Account Opening Guide

1. Visit Website and Click Registration: Go to the mokent website and find the registration button.
2. Personal Information Entry: Fill in your personal details such as 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 required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to be completed.
7. Fund Your Account: Once verified, deposit funds into your account.
8. Start Trading: Begin trading with your new mokent account.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with mobile offering a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are clear and in the correct format (JPEG, PDF).
• Issue: Verification delay.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Generally, account approval takes between 1 to 3 business days.

How to Upgrade/Downgrade Account Types

• Log into your account and navigate to the account settings to request an upgrade or downgrade.

Part 5: mokent Demo Account Information

mokent Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading.
• Access to all trading instruments available in live accounts.
• Allows testing of trading strategies without financial risk.

How to Open a Demo Account

• Visit the mokent website and select the demo account option.
• Fill out the registration form and set up your demo account.

Demo Account Limitations

• Limited to virtual funds; cannot withdraw profits.
• Time-limited access may apply.

Virtual Balance Amount

• Typically, demo accounts are funded with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money trading.

Duration/Expiry of Demo Accounts

• Demo accounts may expire after a set period, typically 30 days, but can often be renewed.

Part 6: mokent Islamic Account (if available)

mokent Islamic Account Details

Swap-Free/Islamic Account Availability

• Yes, mokent offers an Islamic account option that is swap-free.

Eligibility Requirements

• Must be a practicing Muslim to qualify for the Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, adhering to Islamic finance principles.

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 that differ from standard accounts.

FAQs – mokent Account Types & Opening

1. What account types does mokent offer？

• mokent 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 mokent account verification take？

• Verification typically takes 1 to 3 business days.

1. Does mokent offer demo accounts？

• Yes, mokent provides demo accounts for practice trading.

1. Can I have multiple account types with mokent？

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

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

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

1. What documents do I need to open a mokent 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 your account settings.