Morhan broker Accounts

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

morhan Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; commission-free trading.
• Leverage Options: Up to 1:500.
• Key Features: Ideal for beginners; access to a wide range of trading instruments.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. ECN Account

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

1. Pro Account

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

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Compliant with Sharia law; no interest fees.
• 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: Simulated spreads; no real commissions.
• Leverage Options: Up to 1:500.
• 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
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account
• Muslim Traders: Islamic Account
• Practice/Testing: Demo Account

Detailed morhan Account Features

Feature Comparison Across Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:500

• Demo: 1:500

• Spreads:

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: From 0.5 pips

• Islamic: Similar to Standard

• Demo: Simulated

• 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: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Demo Account Features:

• Virtual balance to practice trading.

• Access to all trading instruments.

• Time-limited access (usually 30 days).

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:

• Low minimum deposit.

• No commissions.

• Suitable for beginners.

• Access to a wide range of instruments.

• Disadvantages:

• Higher spreads compared to ECN.

• Limited advanced trading features.

ECN Account

• Advantages:

• Tight spreads.

• Direct market access.

• Suitable for scalping.

• Disadvantages:

• Higher minimum deposit.

• Commission fees apply.

Pro Account

• Advantages:

• Professional trading conditions.

• Lower commission fees.

• Access to advanced tools.

• Disadvantages:

• Higher minimum deposit.

• More complex for beginners.

Islamic Account

• Advantages:

• Compliant with Sharia law.

• No swap fees.

• Low minimum deposit.

• Disadvantages:

• Limited availability of certain features.

Demo Account

• Advantages:

• Risk-free trading environment.

• Practice strategies without financial risk.

• Access to all trading instruments.

• Disadvantages:

• No real profits can be made.

• Limited duration.

morhan Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; specific restrictions may apply based on local regulations.
• Prohibited Countries: Countries under international sanctions or where morhan is not licensed to operate.

Identity Verification Documents Needed

• Government-issued ID (passport or national ID).
• Proof of residence (utility bill or bank statement).

Additional Documentation for Professional Accounts

• Proof of income or financial statements may be required for high-value accounts.

KYC/AML Compliance Procedures

• Completion of Know Your Customer (KYC) forms.
• Anti-Money Laundering (AML) checks performed during the registration process.

Verification Time Frames

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

Step-by-Step morhan Account Opening Guide

Registration Process

1. Visit Website: Go to the morhan website and click on the registration button.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type from the available options.
4. Set Trading Preferences: Indicate trading preferences and risk tolerance.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for the verification team to review the submitted documents.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile users may need to download the app for account management.

Common Registration Issues and Solutions

• Issue: Document rejection due to poor quality.
• Solution: Ensure all documents are clear and legible before uploading.
• Issue: Delay in verification.
• Solution: Contact customer support for updates.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Account types can be changed by contacting customer support and providing necessary documentation for the new account type.

morhan Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies.
• Access to all trading instruments available in live accounts.
• Ability to simulate trading conditions without financial risk.

How to Open a Demo Account

• Visit the morhan website and select the demo account option.
• Fill in the required personal information and submit.

Demo Account Limitations

• Limited duration (typically 30 days).
• No real monetary gains.

Virtual Balance Amount

• Typically set at $10,000 for practice trading.

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts involve real money.
• Demo accounts do not incur losses or gains.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days, but may be extended upon request.

morhan Islamic Account Details

Swap-Free/Islamic Account Availability

• morhan offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Must provide documentation confirming the need for a swap-free account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees; otherwise, features are similar to standard accounts.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process and submit necessary documentation.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions; consult with customer support for details.

FAQs – morhan Account Types & Opening

1. What account types does morhan offer？

• morhan 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 morhan account verification take？

• Account verification typically takes 1-3 business days.

1. Does morhan offer demo accounts？

• Yes, morhan offers demo accounts for practice trading.

1. Can I have multiple account types with morhan？

• Yes, traders can have multiple account types.

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

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

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

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

1. Can I change my account type after registration？

• Yes, account types can be changed by contacting customer support.