What Account Types and Fees Does Mena Global Market Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Beginners and casual traders |
Competitive spreads starting from 1.5 pips, leverage up to 1:500, no commission |
Minimum deposit of $500; swap-free Islamic Account option available |
| Pro Account |
Experienced traders |
Tighter spreads starting from 0.8 pips, leverage up to 1:500, no commission |
Minimum deposit of $5,000; suitable for higher trading volumes |
| VIP Account |
High-volume and professional traders |
Ultra-tight spreads starting from 0.0 pips, commission applies |
Minimum deposit of $10,000; ideal for sophisticated trading strategies |
Account Opening Process
Opening an account with Mena Global Market is a straightforward process. To begin, visit the official Mena Global Market website and locate the “Open Live Account” option. Next, fill out the account registration form with your personal details, including name, email address, phone number, and country of residence. After submitting the form, you will need to provide identity verification documents such as an ID and proof of address. Once your account is verified, you can deposit funds using the available payment methods. The minimum deposit requirement varies by account type. Additionally, you have the flexibility to upgrade to a professional account at a later stage if desired.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (Standard & Pro accounts) |
Tight spreads for major pairs |
| CFDs (Stocks, Indices, Commodities) |
Varies |
Varies |
Competitive pricing across various instruments |
| Cryptocurrencies (BTC/USD) |
Varies |
Commission applicable for VIP Account |
Dynamic spreads based on market conditions |
Other Fees
Additional fees to consider include deposit and withdrawal fees, which may vary based on the chosen method. Mena Global Market does not charge inactivity fees, ensuring that traders can maintain their accounts without penalties. While there are no platform usage fees, overnight interest (swap rates) may apply to positions held overnight. Currency conversion fees could also be applicable based on the transaction executed.
