What Account Types and Fees Does MFPro Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Access to basic trading features |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage and advanced features |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services and support |
Requires corporate documentation |
| Demo Account |
All traders for practice |
Risk-free trading environment |
Ideal for skill development |
Account Opening Process
To open an account with MFPro, traders must complete several steps. Initially, they need to submit personal information, including their name, address, and contact details. Subsequently, employment details and financial information should be provided to assess the applicant’s trading experience and financial background. Identity verification is mandatory, which includes submitting a valid ID and proof of address to comply with standard practices. It is important to note that traders have the flexibility to upgrade their accounts, such as transitioning to a professional account in the future, depending on their trading activity and experience level.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
$X per lot |
Competitive spreads available |
| CFDs (Stocks, Indices, Commodities) |
Varies |
$X per lot |
Includes various asset classes |
| Cryptocurrencies |
Varies |
$X per transaction |
Dynamic pricing based on market conditions |
Other Fees
MFPro may charge various fees related to trading activities. This includes potential deposit and withdrawal fees, which vary depending on the method used. Inactivity fees may apply if accounts remain dormant for extended periods. Traders should also be aware of any platform usage fees, if applicable, as well as overnight interest charges (swap rates) for positions held beyond trading hours. Additionally, currency conversion fees could be incurred when trading in different currencies.
