What Account Types and Fees Does MCP Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and Casual Traders |
Low initial deposit, user-friendly interface |
Ideal for small-capital practice |
| Professional Account |
Experienced Traders and Institutions |
Higher leverage, advanced trading tools |
Requires minimum trading volume qualifications |
| Corporate Account |
Corporate Clients |
Customizable solutions, dedicated account management |
Requires corporate documentation |
| Islamic Account |
Clients seeking Sharia-compliant trading |
Swap-free options, no overnight interest |
Available on request, must comply with Sharia regulations |
| Demo Account |
All Traders |
No risk practice environment, virtual funds |
Suitable for testing strategies before live trading |
Account Opening Process
To open an account with MCP, follow these steps: 1. Begin by submitting personal information, including your name, contact details, and date of birth. 2. Provide employment details to establish your financial background. 3. Share financial information, including income and trading experience. 4. Complete identity verification by submitting a valid ID and proof of address, such as a utility bill. MCP offers account flexibility, allowing you to upgrade to a professional account later if your trading volume increases.
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 rates for popular currency pairs |
| CFDs (Stocks) |
1.5 |
$5 per lot |
Variety of stocks available for trading |
| CFDs (Indices) |
0.5 |
$3 per lot |
Low-cost trading on major indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market volatility |
Other Fees
Be aware of the following additional fees: – Deposit/withdrawal fees may apply depending on the payment method chosen. – Inactivity fees are charged if there is no trading activity for an extended period. – Platform usage fees may be applicable based on your account type. – Overnight interest (swap rates) applies to positions held overnight. – Currency conversion fees may be incurred for transactions involving different currencies.
