MVL broker Accounts

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

Part 1: mvl 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: User-friendly interface, suitable for beginners
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Tight spreads from 0.1 pips plus a commission of $5 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution
• Target User Profile: Advanced traders and scalpers
• Trading Instruments Available: Forex, commodities, indices

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads from 0.5 pips with lower commissions
• Leverage Options: Up to 1:300
• Key Features: Enhanced trading conditions, priority support
• Target User Profile: Professional and institutional traders
• Trading Instruments Available: Forex, commodities, indices, 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: Complies with Sharia law, swap-free
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: Virtual funds provided (typically $10,000)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Same as Standard Account
• Key Features: Risk-free trading environment, practice trading strategies
• Target User Profile: Beginners and traders testing strategies
• Trading Instruments Available: Forex, commodities, indices

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account, Demo Account
• Intermediate: Pro Account
• Advanced: ECN Account
• Muslim Traders: Islamic Account

Part 2: Detailed mvl Account Features

Comparison of Features Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:300

• Islamic: Up to 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.1 pips

• Pro: From 0.5 pips

• Islamic: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $5 per lot

• Pro: Lower commissions

• Islamic: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Micro, Mini, Standard

• Islamic: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo Account Features:

• Available for all account types, allows practice without risk.

Advantages and Disadvantages of Each Account Type

• Standard Account:

• Advantages: Low minimum deposit, user-friendly, no commission fees.

• Disadvantages: Higher spreads, less suitable for advanced trading strategies.

• ECN Account:

• Advantages: Tight spreads, fast execution, suitable for scalping.

• Disadvantages: Higher minimum deposit, commission fees apply.

• Pro Account:

• Advantages: Enhanced trading conditions, lower commissions.

• Disadvantages: Higher minimum deposit, may not be necessary for casual traders.

• Islamic Account:

• Advantages: Complies with Sharia law, no swap fees.

• Disadvantages: Limited to Muslim traders.

• Demo Account:

• Advantages: Risk-free trading, practice environment.

• Disadvantages: Limited duration, virtual funds only.

Part 3: mvl Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; specific restrictions may apply.
• Prohibited Countries: Not specified in the sources.
• Identity Verification Documents Needed: Government-issued ID (passport or drivers license).
• Proof of Residence Requirements: Utility bill or bank statement showing name and address.
• Additional Documentation for Professional Accounts: May require business registration documents.

KYC/AML Compliance Procedures

• Complete identity verification.
• Provide proof of residence.
• Submit additional documents as required.

Verification Time Frames

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

Part 4: Step-by-Step mvl Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Go to the mvl website and select the registration option.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Indicate trading preferences and risk tolerance.
5. Document Upload: Upload required documents for identity verification.
6. Account Verification: Wait for the account to be verified by the mvl team.
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

• Desktop registration may provide a more comprehensive view of account types and features, while mobile registration is optimized for quick entry.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are in the correct format and within size limits.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically ranges from 1 to 3 business days.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an account type change, providing any necessary documentation or information.

Part 5: mvl Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading.
• Access to the same trading platform and tools as live accounts.
• Allows testing of strategies without financial risk.

How to Open a Demo Account

• Select the demo account option during the registration process.
• Fill in the required information and create an account.

Demo Account Limitations

• Virtual balance typically set at $10,000.
• Limited duration before expiration (usually 30 days).

Virtual Balance Amount

• Standard virtual balance is $10,000 for practice.

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts require real money deposits.
• Demo accounts may have limited features compared to live accounts.

Duration/Expiry of Demo Accounts

• Generally valid for 30 days, after which users may need to reapply for a new demo account.

Part 6: mvl Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available and comply with Sharia law.

Eligibility Requirements

• Must be a Muslim trader seeking a swap-free trading environment.

Differences from Standard Accounts

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

How to Apply for Islamic Account

• Indicate the desire for an Islamic account during the registration process.

Restrictions or Special Conditions

• Must adhere to Islamic trading principles; no swap fees are charged.

FAQs – mvl Account Types & Opening

1. What account types does mvl offer？

• mvl 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 mvl account verification take？

• Verification typically takes 1-3 business days.

1. Does mvl offer demo accounts？

• Yes, mvl offers demo accounts for practice trading.

1. Can I have multiple account types with mvl？

• Yes, you can hold multiple account types.

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

• Yes, Islamic accounts are available.

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

• Government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can request to change your account type through customer support.