What Account Types and Fees Does MC Prime Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Beginners and casual traders |
Minimum deposit of $50, spreads from 0.2 pips, commission-free |
Ideal for those new to trading, no special requirements |
| Basic Account |
New traders seeking simplicity |
Similar to Standard Account with identical conditions |
Accessible with a low minimum deposit of $50 |
| Raw Spread Account |
Experienced traders |
Minimum deposit of $2,000, spreads from 0.0 pips, $7 commission per lot |
Requires higher trading volume, suitable for scalping |
| US Cent Account |
Traders wanting to trade in smaller increments |
Minimum deposit of $50, spreads from 0.2 pips, commission-free |
Designed for micro trading with low risk |
Account Opening Process
To open an account with MC Prime, traders need to follow a straightforward process: 1. Personal Information: Provide basic personal details such as name, date of birth, and contact information. 2. Employment and Financial Information: Submit details regarding employment status and financial situation to comply with regulatory requirements. 3. Identity Verification: Upload documents for identity verification, including a government-issued ID and proof of address (like a utility bill). 4. Account Flexibility: After opening an account, traders can easily upgrade to a professional account should their trading volume and experience increase.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.2 |
$0 (Raw Spread: $7 per lot) |
Competitive spreads for major pairs |
| CFDs (US Tech 100) |
0.5 |
$0 |
Commission-free trading |
| CFDs (Gold) |
0.3 |
$0 |
Good liquidity and low spreads |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable based on market conditions |
Other Fees
Traders should be aware of the following additional costs: 1. Deposit/Withdrawal Fees: Generally, no fees apply for deposits; however, withdrawals under $50 incur a $3 fee. 2. Inactivity Fees: MC Prime does not charge an inactivity fee, promoting active trading. 3. Platform Usage Fees: There are no fees associated with using the trading platforms. 4. Overnight Interest (Swap Rates): Swap rates may apply for positions held overnight, varying by product. 5. Currency Conversion Fees: Fees may apply if deposits are made in currencies other than the account’s base currency (USD).
