MSL broker Accounts

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

msl 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: Ideal for beginners, access to all trading instruments
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies

1. ECN Account

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

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads starting from 1.5 pips
• Leverage Options: Up to 1:300
• Key Features: Enhanced trading conditions, priority execution
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, and stocks

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: Swap-free trading to comply with Sharia law
• 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 to practice trading
• Target User Profile: Beginners and those 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: ECN Account
• Advanced: Pro Account
• Muslim Traders: Islamic Account
• Practice: Demo Account

Detailed msl Account Features

Features Comparison Across Different 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

• Spreads:

• Standard: Variable from 1.0 pips

• ECN: Raw spreads from 0.0 pips

• Pro: Fixed from 1.5 pips

• Islamic: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: None

• 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:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Swap-Free Options:

• All account types can be converted to swap-free upon request.

• Demo Account Features:

• Access to all trading instruments with virtual funds.

Advantages and Disadvantages of Each Account Type

Standard Account:

• Advantages:
• Low minimum deposit
• Suitable for beginners
• Access to all instruments
• Disadvantages:
• Higher spreads compared to ECN

ECN Account:

• Advantages:
• Raw spreads
• Direct market access
• Ideal for scalping
• Disadvantages:
• Higher minimum deposit
• Commission fees apply

Pro Account:

• Advantages:
• Fixed spreads
• Enhanced execution
• Suitable for professionals
• Disadvantages:
• Higher minimum deposit

Islamic Account:

• Advantages:
• Complies with Sharia law
• No swap fees
• Disadvantages:
• Limited to Muslim traders

Demo Account:

• Advantages:
• Risk-free trading
• Practice strategies
• Disadvantages:
• Virtual funds only

msl Account Registration Requirements

Eligibility Criteria

• Age Requirements: Minimum age of 18 years.
• Geographic Restrictions: Available in most countries, but may be restricted in certain jurisdictions.
• Prohibited Countries: Specific countries may be restricted due to regulatory compliance.
• 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: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

• All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks as part of the registration process.

Verification Time Frames

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

Step-by-Step msl Account Opening Guide

Registration Process

1. Visit Website: Go to the msl official website.
2. Click Registration: Locate and click the registration button.
3. Personal Information Entry: Fill out 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: Specify trading preferences such as leverage and trading instruments.
6. Document Upload: Upload required identity verification documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds into your account 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, though the layout may differ slightly.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Registration confirmation email not received.
• Solution: Check spam folder or request a resend.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Account types can be changed by contacting customer support or through the account management portal.

msl Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies with virtual funds.

How to Open a Demo Account

• Follow the same registration process as for a live account but select the demo option.

Demo Account Limitations

• Limited to virtual funds and may have a time limit for usage.

Virtual Balance Amount

• Typically set at $10,000 in virtual funds.

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 usually expire after 30 days, but this can vary by broker.

msl Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available and designed to comply with Sharia law.

Eligibility Requirements

• Must be a Muslim trader to qualify for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for long-term positions.

How to Apply for Islamic Account

• Request during the account registration process or contact customer support.

Restrictions or Special Conditions

• Must adhere to Islamic finance principles; no interest-bearing transactions.

FAQs – msl Account Types & Opening

1. What account types does msl offer？

• msl 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 msl account verification take？

• Verification typically takes 1-3 business days.

1. Does msl offer demo accounts？

• Yes, msl offers demo accounts for practice trading.

1. Can I have multiple account types with msl？

• Yes, traders can hold multiple account types.

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

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

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

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

1. Can I change my account type after registration？

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