MST broker Accounts

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

Part 1: mst Account Types Overview

mst Account Types Explained

MST offers a variety of account types tailored to different trading needs and experiences. Below is a detailed overview of the 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: Basic trading features, access to all instruments.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Low spreads starting from 0.1 pips + commission
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution speeds.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Tight spreads with lower commissions.
• Leverage Options: Up to 1:100
• Key Features: Enhanced trading tools, priority customer support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: All instruments including stocks and ETFs.

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 options compliant with Sharia law.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: Virtual funds provided.
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500
• Key Features: Practice trading with virtual funds, access to all trading features.
• Target User Profile: Beginners and traders looking to test strategies.
• Trading Instruments Available: All instruments.

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

Part 2: mst Account Features Comparison

Detailed mst Account Features

When comparing the features of different mst account types, the following aspects are crucial:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:100

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: 1.0 pips

• ECN: 0.1 pips

• Pro: Tight spreads

• Islamic: 1.0 pips

• Demo: 1.0 pips

• Commission Fees:

• Standard: None

• ECN: Varies by trade

• Pro: Lower than ECN

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro/mini/standard

• ECN: Micro/mini/standard

• Pro: 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: Instant

• Islamic: Market

• Demo: Market

• Islamic Account Availability: Yes for Islamic Account only.

• Swap-Free Options: Available for Islamic Account.

• Demo Account Features: Full access to trading features with virtual funds.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• Simple trading features

• Suitable for beginners

• ECN Account:

• Low spreads

• Direct market access

• Ideal for scalping

• Pro Account:

• Enhanced trading tools

• Lower commissions

• Suitable for professionals

• Islamic Account:

• Compliant with Sharia law

• No swap fees

• Standard features

• Demo Account:

• Risk-free trading

• Practice strategies

• Full access to features

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:

• High minimum deposit

• Not suitable for beginners

• Islamic Account:

• Limited to Muslim traders

• Similar spreads to Standard

• Demo Account:

• Virtual funds only

• Limited duration

Part 3: mst Account Opening Requirements

mst Account Registration Requirements

To open an mst account, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; specific restrictions may apply.
• Prohibited Countries: Specific countries may be restricted due to regulatory issues.
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Recent documents showing the applicant's address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• All applicants must complete Know Your Customer (KYC) procedures to verify identity.
• Anti-Money Laundering (AML) checks are performed to ensure compliance with regulations.

Verification Time Frames

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

Part 4: mst Account Opening Process

Step-by-Step mst Account Opening Guide

1. Visit Website and Click Registration: Navigate to the mst official website and select the registration option.
2. Personal Information Entry: Fill in personal details including name, email, and phone number.
3. Choose Account Type: Select the desired account type based on your trading needs.
4. Set Trading Preferences: Specify leverage and trading preferences.
5. Document Upload: Upload required identity verification documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit funds into your account using available payment methods.
8. 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, but mobile users may have a more streamlined interface.

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 an upgrade or downgrade by contacting customer support and providing necessary documentation.

Part 5: mst Demo Account Information

mst Demo Account Guide

• Demo Account Features and Benefits:

• Access to all trading features with virtual funds.

• Ability to practice strategies without financial risk.

• How to Open a Demo Account:

• Select the demo account option during the registration process.

• No deposit is required; virtual funds are provided.

• Demo Account Limitations:

• Limited duration (typically 30 days).

• Virtual funds cannot be withdrawn.

• Virtual Balance Amount: Usually set at $10,000 in virtual funds.

• Demo vs Live Account Differences:

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

• Execution speeds may differ due to market conditions.

• Duration/Expiry of Demo Accounts: Generally valid for 30 days, after which users may need to reapply.

Part 6: mst Islamic Account (if available)

mst Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, available for Muslim traders.
• Eligibility Requirements: Must provide proof of Muslim faith.
• Differences from Standard Accounts: No swap fees; similar features to standard accounts.
• How to Apply for Islamic Account: Select the Islamic account option during registration.
• Restrictions or Special Conditions: Must adhere to Islamic trading principles.

FAQs – mst Account Types & Opening

1. What account types does mst offer？

• mst 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 mst account verification take？

• Verification typically takes 1-3 business days.

1. Does mst offer demo accounts？

• Yes, mst offers demo accounts for practice trading.

1. Can I have multiple account types with mst？

• Yes, users can open multiple account types.

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

• Yes, Islamic accounts are available for Muslim traders.

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

• 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 customer support.