BCN broker Accounts

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

Part 1: bcn Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips, no commission.
• Leverage Options: Up to 1:500.
• Key Features: Ideal for beginners, access to all trading instruments.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Variable spreads starting from 0.1 pips, commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, suitable for high-frequency trading.
• Target User Profile: Intermediate to advanced traders.
• Trading Instruments Available: Forex, commodities, indices.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips, commission of $2 per lot.
• Leverage Options: Up to 1:100.
• Key Features: Enhanced trading conditions, priority customer support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, stocks.

1. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, but swap-free.
• Leverage Options: Up to 1:200.
• Key Features: Compliant with Islamic finance principles, no swap fees.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically $10,000).
• Spread/Commission Structure: Same as live accounts.
• Leverage Options: Same as live accounts.
• Key Features: Practice trading without risk, access to all trading instruments.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account
• Muslim Traders: Islamic Account
• Practice Traders: Demo Account

Part 2: bcn Account Features Comparison

Detailed bcn Account Features

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $500

• Demo: Virtual balance

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:100

• Islamic: 1:200

• Demo: Same as live accounts

• Spreads:

• Standard: From 1.5 pips

• ECN: From 0.1 pips

• Pro: From 0.5 pips

• Islamic: Similar to Standard

• Demo: Same as live accounts

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Mini, Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability: Yes for Islamic Account.

• Swap-Free Options: Available for Islamic Account.

• Demo Account Features: Virtual trading environment, same conditions as live accounts.

Advantages and Disadvantages of Each Account Type

• Standard Account:

• Advantages: Low minimum deposit, no commissions, user-friendly.

• Disadvantages: Higher spreads, not suitable for high-frequency trading.

• ECN Account:

• Advantages: Low spreads, direct market access, suitable for scalping.

• Disadvantages: Higher minimum deposit, commission fees apply.

• Pro Account:

• Advantages: Competitive spreads, priority support, suitable for professionals.

• Disadvantages: Higher minimum deposit, commission fees apply.

• Islamic Account:

• Advantages: Compliant with Islamic finance, no swap fees.

• Disadvantages: Limited to Muslim traders, higher minimum deposit.

• Demo Account:

• Advantages: Risk-free practice, all features available.

• Disadvantages: Virtual funds only, limited to practice.

Part 3: bcn Account Registration Requirements

bcn Account Registration Requirements

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.

• Geographic Restrictions: Available to most countries; check specific restrictions.

• Prohibited Countries: Specific countries may be restricted; refer to bcn's website for details.

• Identity Verification Documents Needed:

• Valid government-issued ID (passport or national ID).

• Proof of address (utility bill, bank statement).

• Proof of Residence Requirements:

• Recent utility bill or bank statement showing your name and address.

• Additional Documentation for Professional Accounts:

• Proof of trading experience or financial status may be required.

• KYC/AML Compliance Procedures:

• Complete identity verification and submit required documents.

• Verification Time Frames:

• Typically takes 1-3 business days for account verification.

Part 4: bcn Account Opening Process

Step-by-Step bcn Account Opening Guide

1. Visit Website and Click Registration: Go to the bcn website and click on the registration link.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the account type that suits your trading needs.
4. Set Trading Preferences: Configure your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the bcn 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 trading platform and begin trading.

Desktop vs Mobile Registration Differences

• Desktop: Full registration process with document uploads.
• Mobile: Simplified registration; may have limited document upload options.

Common Registration Issues and Solutions

• Issue: Document upload fails.

• Solution: Ensure documents are in the correct format and clear.

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically 1-3 business days, depending on the completeness of submitted documents.

How to Upgrade/Downgrade Account Types

• Log into your account and navigate to the account settings to request an upgrade or downgrade.

Part 5: bcn Demo Account Information

bcn Demo Account Features and Benefits

• Features: Access to all trading instruments, same conditions as live accounts.
• Benefits: Risk-free environment to practice trading strategies.

How to Open a Demo Account

• Visit the bcn website and select the demo account option, then follow the registration steps.

Demo Account Limitations

• Limited to virtual funds; cannot withdraw or transfer funds.

Virtual Balance Amount

• Typically set at $10,000 for practice purposes.

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts require real money deposits.

Duration/Expiry of Demo Accounts

• Demo accounts may expire after a set period, typically 30 days, unless extended.

Part 6: bcn Islamic Account Details

bcn Islamic Account Availability

• Swap-Free/Islamic Account Availability: Yes, available for Muslim traders.

Eligibility Requirements

• Must be a practicing Muslim.

Differences from Standard Accounts

• No swap fees applied, compliant with Islamic finance principles.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process.

Restrictions or Special Conditions

• Must provide proof of eligibility as a practicing Muslim.

FAQs – bcn Account Types & Opening

1. What account types does bcn offer？

• bcn 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: $500, Demo: Virtual balance.

1. How long does bcn account verification take？

• Verification typically takes 1-3 business days.

1. Does bcn offer demo accounts？

• Yes, bcn offers demo accounts for practice trading.

1. Can I have multiple account types with bcn？

• Yes, you can have multiple account types.

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

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

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

• Valid ID and proof of address are required.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through your account settings.