What Account Types and Fees Does M&H Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, user-friendly interface |
Ideal for those new to trading |
| Professional Account |
Experienced traders |
Higher leverage, access to advanced tools |
Requires a minimum trading volume |
| Corporate Account |
Corporate clients |
Custom services, dedicated support |
Requires corporate documentation |
| Islamic Account |
Traders requiring Sharia-compliant trading |
Swap-free, no overnight interest |
Must provide proof of eligibility |
| Demo Account |
All traders |
Practice trading with virtual funds |
Unlimited access for skill development |
Account Opening Process
To open an account with M&H, follow these steps: first, submit personal information such as your name, email, and contact details. Next, provide your employment information and financial background to assess your trading experience. You will also need to verify your identity by submitting a government-issued ID and a proof of address, such as a utility bill. The flexibility of M&H’s account structure allows you to upgrade from a retail to a professional account later if you meet the necessary criteria.
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 pricing for minors |
| CFDs (Stocks) |
1.5 |
$2 per lot |
Includes major global stocks |
| CFDs (Indices) |
1.0 |
$1 per lot |
Various index options available |
| CFDs (Commodities) |
2.0 |
$2 per lot |
Includes gold, oil, and more |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable spreads based on market |
Other Fees
In addition to trading fees, M&H has several other costs to consider. There may be deposit and withdrawal fees depending on the payment method used. An inactivity fee is applied if the account remains dormant for an extended period. Platform usage fees may apply if you utilize certain advanced tools. Overnight interest, also known as swap rates, may be charged for positions held overnight. Additionally, currency conversion fees could apply if trading in a different currency than your account base.
