MQF broker Accounts

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

Part 1: mqf Account Types Overview

mqf Account Types Explained

MQF offers a variety of account types tailored to different trading needs and profiles. Below are the primary account types available:

Recommended Account Types by Trader Level

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

Part 2: mqf Account Features Comparison

Detailed mqf Account Features

When comparing the features of different mqf account types, consider the following aspects:

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:

• Low minimum deposit

• User-friendly for beginners

• No commission fees

• Disadvantages:

• Higher spreads compared to ECN

• Limited advanced features

ECN Account

• Advantages:

• Lower spreads

• Direct market access

• Suitable for scalping

• Disadvantages:

• Higher minimum deposit

• Commission fees apply

Pro Account

• Advantages:

• Fixed commission structure

• Advanced trading tools

• Priority execution

• Disadvantages:

• High minimum deposit

• Not beginner-friendly

Islamic Account

• Advantages:

• Compliant with Sharia law

• No swap fees

• Disadvantages:

• Limited availability

• Higher minimum deposit compared to Standard

Demo Account

• Advantages:

• Risk-free trading

• Full access to trading instruments

• Disadvantages:

• No real money involved

• Limited duration

Part 3: mqf Account Opening Requirements

mqf Account Registration Requirements

To open an mqf account, the following eligibility criteria apply:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Availability may vary by country; check local regulations.
• Prohibited Countries: Specific countries may be restricted; consult mqf's website for details.
• Identity Verification Documents Needed:
• Valid government-issued ID (passport or national ID)
• Proof of residence (utility bill or bank statement)
• Additional Documentation for Professional Accounts: May include financial statements or proof of trading experience.

KYC/AML Compliance Procedures

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

Verification Time Frames

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

Part 4: mqf Account Opening Process

Step-by-Step mqf Account Opening Guide

1. Visit the Website: Go to the official mqf website.
2. Click Registration: Click on the “Register” button to start the process.
3. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
4. Choose Account Type: Select the account type that best suits your trading needs.
5. Set Trading Preferences: Specify your trading preferences, including leverage and currency.
6. Document Upload: Upload the required identity verification documents.
7. Account Verification: Wait for the verification process to be completed.
8. Fund Your Account: Once approved, deposit funds to activate your account.
9. Start Trading: Download the trading platform and begin trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, but mobile users may experience a more streamlined interface.

Common Registration Issues and Solutions

• Email Not Received: Check your spam folder or resend the verification email.
• Document Rejection: Ensure documents are clear and meet the required standards.

Average Account Approval Time

Typically, account approval takes between 1-3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

Users can request to upgrade or downgrade their account type through the customer support section of the mqf website.

Part 5: mqf Demo Account Information

mqf Demo Account Guide

Demo Account Features and Benefits

• Practice trading without financial risk.
• Access to all trading instruments available in live accounts.

How to Open a Demo Account

• Visit the mqf website and select the demo account option.
• Follow the registration process similar to opening a live account.

Demo Account Limitations

• Limited duration (typically 30 days).
• No real money involved.

Virtual Balance Amount

• Demo accounts usually come with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts do not involve real money, while live accounts require actual funds for trading.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days of inactivity.

Part 6: mqf Islamic Account (if available)

mqf Islamic Account Details

Swap-Free/Islamic Account Availability

• MQF 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, making them suitable for Muslim traders.

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; consult mqf for details.

FAQs – mqf Account Types & Opening

1. What account types does mqf offer？

• MQF 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: N/A.

1. How long does mqf account verification take？

• Verification typically takes 1-3 business days.

1. Does mqf offer demo accounts？

• Yes, mqf offers demo accounts for practice trading.

1. Can I have multiple account types with mqf？

• Yes, users can have multiple account types.

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

• Yes, mqf provides Islamic accounts that are swap-free.

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

• A valid 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.