BCM broker Accounts

bcm Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: bcm Account Types Explained

BCM offers a variety of account types tailored to different trading needs and experience levels. Below is a detailed overview of each bcm account type:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pip
• Leverage Options: Up to 1:500
• Key Features:
• Access to a wide range of trading instruments
• Standard lot sizes
• Target User Profile: Suitable for beginners and intermediate traders
• Trading Instruments Available: Forex, commodities, indices

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Low spreads from 0.0 pips + commission
• Leverage Options: Up to 1:200
• Key Features:
• Direct market access
• Faster execution speeds
• Target User Profile: Advanced traders and professionals
• Trading Instruments Available: Forex, commodities, cryptocurrencies

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Tight spreads with lower commissions
• Leverage Options: Up to 1:300
• Key Features:
• Enhanced trading conditions
• Priority customer support
• Target User Profile: Experienced traders and institutional clients
• Trading Instruments Available: Forex, commodities, indices, stocks

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features:
• Swap-free trading
• Compliance with Sharia law
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities

5. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000)
• Spread/Commission Structure: Same as the Standard Account
• Leverage Options: Up to 1:500
• Key Features:
• Risk-free trading environment
• Access to all trading features
• Target User Profile: Beginners and traders testing strategies
• Trading Instruments Available: Forex, commodities, indices

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account, Demo Account
• Intermediate: Standard Account, Islamic Account
• Advanced: ECN Account, Pro Account
• Institutional: Pro Account

Part 2: Detailed bcm Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to various trading instruments

• ECN Account:

• Direct access to market liquidity

• Tight spreads

• Faster execution speeds

• Pro Account:

• Enhanced trading conditions

• Lower trading costs

• Priority support

• Islamic Account:

• Compliance with Islamic finance principles

• No interest charges

• Demo Account:

• Risk-free trading

• Practice strategies without financial risk

• Access to full trading features

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees can add to trading costs

• Pro Account:

• High minimum deposit

• More complex trading conditions

• Islamic Account:

• Limited availability

• May have fewer features than standard accounts

• Demo Account:

• No real money trading experience

• Limited to virtual funds

Part 3: bcm Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to traders from most countries; specific restrictions may apply.
• Prohibited Countries: Countries under sanctions or with stringent trading regulations (specific countries not listed).
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Recent documents showing your name and address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

• Completion of Know Your Customer (KYC) process is mandatory.
• Anti-Money Laundering (AML) checks are conducted during the registration process.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of submitted documents.

Part 4: Step-by-Step bcm Account Opening Guide

Detailed Step-by-Step Registration Process

1. Visit Website and Click Registration: Go to the bcm website and select the registration option.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the desired account type from the available options.
4. Set Trading Preferences: Indicate your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identification and proof of residence documents.
6. Account Verification: Wait for the bcm team to verify your documents.
7. Fund Your Account: Once verified, deposit the minimum required amount to activate your account.
8. Start Trading: Access your account and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with mobile offering a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are in the correct format and within size limits.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Generally, account approval takes 1-3 business days.

How to Upgrade/Downgrade Account Types

• Users can request to upgrade or downgrade their account type through the customer support portal or account settings.

Part 5: bcm Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading.
• Access to all trading features and instruments available in live accounts.

How to Open a Demo Account

• Visit the bcm website and select the demo account option.
• Complete the registration form and receive access to the demo trading platform.

Demo Account Limitations

• Limited to virtual funds and may have a time limit for usage.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money trading.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days unless extended.

Part 6: bcm Islamic Account Details

Swap-Free/Islamic Account Availability

• bcm offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Must be a Muslim trader to qualify for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process and provide necessary documentation.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions, such as limited leverage.

FAQs – bcm Account Types & Opening

1. What account types does bcm offer？

• bcm offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $100, ECN: $500, Pro: $1,000, Islamic: $100, Demo: Virtual funds.

1. How long does bcm account verification take？

• Verification typically takes 1-3 business days.

1. Does bcm offer demo accounts？

• Yes, bcm offers demo accounts for practice trading.

1. Can I have multiple account types with bcm？

• Yes, users can have multiple account types.

1. Does bcm offer Islamic/swap-free accounts？

• Yes, bcm offers Islamic accounts that are swap-free.

1. What documents do I need to open a bcm account？

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request to change your account type through customer support.