What Account Types and Fees Does MTF Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and retail traders |
Low spreads, user-friendly interface, educational resources |
Ideal for new traders with small capital |
| Professional Account |
Experienced traders |
High leverage, access to advanced trading tools, tighter spreads |
Requires trading volume qualifications and experience |
| Corporate Account |
Corporate clients |
Customizable services, dedicated account management |
Requires corporate documentation and compliance |
| Islamic Account |
Traders adhering to Islamic finance principles |
Swap-free trading, no interest fees |
Must provide documentation to qualify for Sharia compliance |
| Demo Account |
All user groups |
Practice trading without risk, access to full platform features |
Suitable for traders wanting to practice strategies |
Account Opening Process
To open an account with MTF, users must complete several steps involving the submission of personal, employment, and financial information. This includes providing identity verification documents such as a government-issued ID and proof of address (e.g., utility bill). The process is designed to be user-friendly, allowing for flexibility should traders wish to upgrade to a professional account later on, based on their trading experience and volume.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive for major currencies |
| CFDs (Stock Index) |
1.5 |
$7 per lot |
Varies based on the index |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
| CFDs (Commodities) |
2.0 |
$5 per lot |
Includes oil and gold trading |
Other Fees
In addition to trading fees, traders should be aware of other potential costs including:
– Deposit/Withdrawal Fees: Charges may apply depending on the payment method used.
– Inactivity Fees: Accounts inactive for a specified period may incur fees.
– Platform Usage Fees: If applicable, this covers access to advanced trading tools or platforms.
– Overnight Interest (Swap Rates): Charged for positions held overnight, applicable to certain accounts.
– Currency Conversion Fees: May apply when trading in different currencies or withdrawing in a different currency than the account’s base currency.
