BEIT broker Accounts

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

Part 1: beit Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:500
• Key Features: User-friendly interface, access to basic trading tools
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Low spreads starting from 0.0 pips + commission
• Leverage Options: Up to 1:200
• Key Features: Direct market access, no requotes
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads starting from 0.5 pips + lower commission
• Leverage Options: Up to 1:100
• Key Features: Advanced trading tools, professional support
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, stocks

1. Islamic Account

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

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Same as Standard Account
• Key Features: Risk-free trading environment, practice tools
• 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 or Demo Account
• Intermediate: ECN Account
• Advanced: Pro Account
• Muslim Traders: Islamic Account

Part 2: beit Account Features Comparison

Detailed beit Account Features

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:100

• Islamic: 1:500

• Spreads (Typical/Minimum):

• Standard: 1.0 pips

• ECN: 0.0 pips + commission

• Pro: 0.5 pips + lower commission

• Islamic: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: Yes (based on volume)

• Pro: Yes (lower than ECN)

• Islamic: None

• Lot Size:

• Standard: Micro (0.01), Mini (0.1), Standard (1.0)

• ECN: Micro (0.01), Mini (0.1), Standard (1.0)

• Pro: Micro (0.01), Mini (0.1), Standard (1.0)

• Islamic: Micro (0.01), Mini (0.1), Standard (1.0)

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: Instant

• Pro: Market

• Islamic: Market

• Islamic Account Availability:

• All accounts can be converted to Islamic accounts.

• Swap-Free Options:

• Available for Islamic accounts.

• Demo Account Features:

• Virtual balance for practice, access to all trading instruments.

Advantages of Each Account Type

• Standard Account:

• Easy to use for beginners

• Low minimum deposit

• Access to educational resources

• ECN Account:

• Low spreads

• Direct market access

• Suitable for scalping and high-frequency trading

• Pro Account:

• Professional trading tools

• Lower commission fees

• Enhanced customer support

• Islamic Account:

• Compliance with Islamic finance principles

• No swap fees

• Standard features of other accounts

• Demo Account:

• Risk-free trading

• Opportunity to practice strategies

• Access to all trading instruments

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees can add up

• Pro Account:

• Higher minimum deposit

• Complexity may overwhelm beginners

• Islamic Account:

• Limited to Muslim traders

• May not have all features of other accounts

• Demo Account:

• No real money involved

• Limited to virtual funds

Part 3: beit Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Not available in certain countries (specific countries not listed).
• Prohibited Countries: Specific countries may be restricted (not listed).
• Identity Verification Documents Needed: Government-issued ID (passport, driver's license).
• Proof of Residence Requirements: Utility bill or bank statement with current address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• Verification of identity and address is mandatory.
• All documents must be submitted in clear, readable format.

Verification Time Frames

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

Part 4: beit Account Opening Process

Step-by-Step beit Account Opening Guide

1. Visit Website and Click Registration: Go to the beit website and find the registration button.
2. Personal Information Entry: Fill out the required personal information, including name, email, and phone number.
3. Choose Account Type: Select the account type that suits your trading needs.
4. Set Trading Preferences: Indicate your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: 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 platforms, but mobile may have a simplified interface.

Common Registration Issues and Solutions

• Issue: Document not clear.
• Solution: Resubmit a clearer version of the document.
• Issue: Application denied.
• Solution: Check eligibility criteria and reapply.

Average Account Approval Time

• Typically 1-3 business days for standard accounts.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade. Additional documentation may be required for professional accounts.

Part 5: beit Demo Account Information

beit Demo Account Guide

• Demo Account Features and Benefits:

• Access to all trading instruments.

• Risk-free environment for practice.

• Ability to test trading strategies without financial risk.

• How to Open a Demo Account:

• Register on the beit website and select the demo account option.

• Demo Account Limitations:

• Virtual funds only; no real trading profits.

• Virtual Balance Amount:

• Typically set at $10,000 in virtual funds.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds; live accounts involve real money.

• Duration/Expiry of Demo Accounts:

• Demo accounts may expire after a set period (usually 30 days) unless extended.

Part 6: beit Islamic Account Details

beit Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Yes, available for all account types.

• Eligibility Requirements:

• Must be a Muslim trader.

• Differences from Standard Accounts:

• No swap fees applied.

• How to Apply for Islamic Account:

• Select the Islamic account option during registration or contact support.

• Restrictions or Special Conditions:

• Must comply with Islamic finance principles.

FAQs – beit Account Types & Opening

1. What account types does beit offer？

• beit 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: N/A.

1. How long does beit account verification take？

• Verification typically takes 1-3 business days.

1. Does beit offer demo accounts？

• Yes, beit offers demo accounts for practice trading.

1. Can I have multiple account types with beit？

• Yes, traders can open multiple account types.

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

• Yes, Islamic accounts are available.

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

• Government-issued ID and proof of residence.

1. Can I change my account type after registration？

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