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MTK offers various types of trading accounts to cater to different trading needs. The primary account types include:
Standard Account: This is the most common account type, allowing traders to trade standard lots worth $100,000. It typically requires a minimum balance of $2,000 to $10,000 and offers a leverage of up to 100:1. This account is suitable for experienced traders who can handle higher risks.
Mini Account: Designed for beginners and more risk-averse traders, this account allows trading in mini lots of $10,000. It can be opened with a minimum deposit of $250 to $500 and offers higher leverage, up to 400:1. This account type is ideal for those testing new strategies with limited capital.
Managed Account: In this account type, the capital belongs to the investor, but the trading decisions are made by professional account managers. There are two sub-types: pooled funds, where money is combined with other investors, and individual accounts, where the broker manages each account separately. Minimum investments typically start at $2,000 for pooled accounts and $10,000 for individual accounts.
Opening an account with MTK involves several steps:
Select Account Type: Determine which account type suits your trading needs (Standard, Mini, or Managed).
Fill Out Application: Complete the online application form for the selected account type. This process is usually straightforward and takes about 5 minutes.
Provide Personal Information: You will need to provide personal details such as your full name, email address, phone number, and the account type you wish to open.
Deposit Funds: After your application is approved, fund your account. The minimum deposit varies by account type, with the Standard account requiring at least $2,000 and the Mini account starting from $250.
Receive Account Details: Once your account is funded, you will receive your account login details, including your account number and password, via email.
Start Trading: After receiving your account information, you can log in to the MTK trading platform and begin trading.
For assistance during the account opening process, you can reach out to MTK's customer support.
Explore broker markets account types: forex/trading accounts with demo access.