What Account Types and Fees Does MahiMarkets Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and novice traders |
Accessible for small capital, designed for learning and practice |
Ideal for those starting out in forex trading |
| Professional Account |
Experienced traders |
Potential for higher leverage, tailored services |
Requires a certain level of trading volume or experience |
| Corporate Account |
Corporate clients |
Custom features for business trading needs |
Requires corporate documentation and verification |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free conditions available |
Must meet specific eligibility requirements |
| Demo Account |
All traders |
Practice trading without financial risk |
Perfect for testing strategies and platforms |
Account Opening Process
To open an account with MahiMarkets, prospective clients need to follow a structured process that includes submitting personal, employment, and financial information. Identity verification is a crucial step, requiring documentation such as a government-issued ID and proof of address. Traders should be aware that MahiMarkets offers account flexibility, allowing users to upgrade to a professional account as their trading experience and volume increase.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
$0 |
Competitive spreads for major forex pairs |
| Forex (Minor Pairs) |
Varies |
$0 |
Spreads may be wider than major pairs |
| CFDs (Stocks) |
Varies |
$0 |
Dependent on market conditions |
| CFDs (Indices) |
Varies |
$0 |
Reflects the volatility of underlying indices |
| CFDs (Commodities) |
Varies |
$0 |
Includes popular commodities like gold and oil |
| Cryptocurrencies (BTC/USD) |
Varies |
$0 |
Variable spreads depending on market dynamics |
Other Fees
Other potential fees that traders should be aware of include deposit and withdrawal fees, which may apply depending on the chosen payment method. Additionally, inactivity fees may be charged if an account remains dormant for a specified period. While platform usage fees are not specified, traders should also consider possible overnight interest (swap rates) and any currency conversion fees that could arise from trading different currency pairs.
