Becho offers several account types tailored to meet the diverse needs of traders. Below is a detailed overview of each account type available through Becho.
| Account Type | Minimum Deposit | Spread (pips) | Commission | Leverage | Target User Profile |
|---|---|---|---|---|---|
| Standard | $100 | From 1.5 | None | 1:500 | Beginners |
| ECN | $500 | From 0.0 | $3/lot | 1:200 | Intermediate |
| Pro | $1,000 | From 0.5 | $2/lot | 1:100 | Professionals |
| Islamic | $100 | Same as Standard | None | 1:500 | Muslim Traders |
| Demo | Virtual Balance | Same as Standard | None | 1:500 | All Levels |
When choosing an account type with Becho, it‘s essential to compare the features across different accounts. Here’s a breakdown of key features:
Minimum Deposit:
Standard: $100
ECN: $500
Pro: $1,000
Islamic: $100
Demo: Virtual balance
Maximum Leverage:
Standard: 1:500
ECN: 1:200
Pro: 1:100
Islamic: 1:500
Spreads (Typical/Minimum):
Standard: From 1.5 pips
ECN: From 0.0 pips
Pro: From 0.5 pips
Islamic: Same as Standard
Commission Fees:
Standard: None
ECN: $3 per lot
Pro: $2 per lot
Islamic: None
Lot Size:
Standard: Micro, Mini, Standard
ECN: Micro, Mini, Standard
Pro: Micro, Mini, Standard
Islamic: 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
Islamic Account Availability: Yes for Islamic Account.
Swap-Free Options: Available for Islamic Account.
Demo Account Features: Full access to trading instruments; virtual funds.
Standard Account:
Low minimum deposit.
No commission fees.
Suitable for beginners.
ECN Account:
Tight spreads.
Direct market access.
Fast execution.
Pro Account:
Enhanced trading conditions.
Lower commission fees.
Priority support.
Islamic Account:
No swap fees.
Complies with Sharia law.
Suitable for Muslim traders.
Demo Account:
Risk-free trading environment.
Practice strategies without financial risk.
Access to all trading instruments.
Standard Account:
Higher spreads compared to ECN.
Limited advanced features.
ECN Account:
Higher minimum deposit.
Commission fees apply.
Pro Account:
High minimum deposit.
Commission fees apply.
Islamic Account:
Limited to swap-free trading.
May have fewer features compared to Pro accounts.
Demo Account:
Virtual funds only.
Limited duration compared to live accounts.
To open an account with Becho, traders must meet specific eligibility criteria:
Eligibility Criteria:
Age Requirements: Must be at least 18 years old.
Geographic Restrictions: Available in most countries, but may be restricted in certain jurisdictions.
Prohibited Countries: Specific countries may be restricted due to regulatory compliance (details not specified).
Identity Verification Documents Needed:
Valid government-issued ID (passport or national ID).
Proof of residence (utility bill or bank statement).
Additional Documentation for Professional Accounts:
Business registration documents (if applicable).
Proof of trading experience (for Pro accounts).
KYC/AML Compliance Procedures:
Verification of identity and address.
Compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.
Verification Time Frames:
Typically takes up to 3-5 business days for account verification.
Opening an account with Becho involves several straightforward steps:
The demo account offered by Becho provides a risk-free environment for traders to practice:
Demo Account Features and Benefits:
Access to all trading instruments.
Virtual balance for trading without financial risk.
Ability to practice strategies and familiarize with the trading platform.
How to Open a Demo Account: Visit the Becho website, select the demo account option, and follow the registration steps.
Demo Account Limitations: Limited to virtual funds; cannot be used for real trading.
Virtual Balance Amount: Typically set at $10,000 for practice.
Demo vs Live Account Differences: Demo accounts use virtual funds, while live accounts involve real money and trading risks.
Duration/Expiry of Demo Accounts: Demo accounts may expire after a certain period, typically 30 days, but this can vary.
Becho offers an Islamic account option for traders who require a swap-free trading environment:
Swap-Free/Islamic Account Availability: Yes, Becho provides Islamic accounts compliant with Sharia law.
Eligibility Requirements: Must be a Muslim trader; standard documentation applies.
Differences from Standard Accounts: Islamic accounts do not incur swap fees for overnight positions.
How to Apply for Islamic Account: Select the Islamic account option during the registration process and provide necessary documentation.
Restrictions or Special Conditions: Must adhere to Sharia law; no interest-based transactions.
Explore broker markets account types: forex/trading accounts with demo access.