Bernard broker Accounts

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

Part 1: bernard Account Types Overview

bernard Account Types Explained

Bernard offers a variety of account types tailored to different trading needs and preferences. Below is a detailed overview of each account type available:

Recommended Account Types by Trader Level

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

Part 2: bernard Account Features Comparison

Detailed bernard Account Features

When comparing the features of the different account types, the following aspects are essential:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: No minimum

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:100

• Pro: Up to 1:200

• Islamic: Up to 1:500

• Demo: N/A

• Spreads:

• Standard: Variable

• ECN: Low

• Pro: Fixed

• Islamic: Variable

• Demo: N/A

• Commission Fees:

• Standard: None

• ECN: Per trade

• Pro: Lower than Standard

• Islamic: None

• Demo: N/A

• Lot Size:

• Standard: Standard lots

• ECN: Micro and standard lots

• Pro: Standard lots

• Islamic: Standard lots

• Demo: Standard lots

• Available Trading Platforms:

• All account types support MT4 and MT5.

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Available for Standard and Islamic accounts.

• Swap-Free Options:

• Offered for Islamic accounts.

• Demo Account Features:

• Full access to trading instruments, virtual balance for practice.

Advantages of Each Account Type

• Standard:

• Low minimum deposit

• No commissions

• Educational resources available

• ECN:

• Direct market access

• Low spreads

• Suitable for high-frequency trading

• Pro:

• Advanced trading tools

• Priority customer support

• Lower trading costs

• Islamic:

• Compliant with Sharia law

• No swap fees

• Flexible trading options

• Demo:

• Risk-free trading environment

• Access to all trading features

• Ideal for practice and strategy testing

Disadvantages of Each Account Type

• Standard:

• Higher spreads compared to ECN

• Limited advanced features

• ECN:

• Higher minimum deposit

• Commission fees can add up

• Pro:

• Higher minimum deposit

• May not be suitable for casual traders

• Islamic:

• Limited to Muslim traders

• May have fewer features than standard accounts

• Demo:

• No real money trading

• Limited duration for practice

Part 3: bernard Account Opening Requirements

bernard Account Registration Requirements

To open an account with Bernard, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries, but specific restrictions may apply.
• Prohibited Countries: Check with Bernard for a list of countries where account opening is not permitted.
• Identity Verification Documents Needed:
• Government-issued photo ID (e.g., passport or drivers license)
• Social Security Number (for U.S. residents)
• Proof of Residence Requirements:
• Utility bill or bank statement showing your name and current address.
• Additional Documentation for Professional Accounts:
• Proof of trading experience or financial background may be required.

KYC/AML Compliance Procedures

Bernard adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to verify their identity and source of funds.

Verification Time Frames

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

Part 4: bernard Account Opening Process

Step-by-Step bernard Account Opening Guide

1. Visit Website: Go to the official Bernard website.
2. Click Registration: Click on the "Open Account" or "Register" button.
3. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
4. Choose Account Type: Select the desired account type from the options available.
5. Set Trading Preferences: Specify your trading preferences and risk tolerance.
6. Document Upload: Upload the necessary identification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit the minimum required amount to activate your account.
9. Start Trading: Once your account is funded, you can start trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, with mobile registration optimized for smaller screens.

Common Registration Issues and Solutions

• Document Rejection: Ensure documents are clear and legible.
• Verification Delays: Contact customer support for assistance if verification takes longer than expected.

Average Account Approval Time

Most accounts are approved within 1-3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

To change your account type, contact customer support or use the account management portal to request an upgrade or downgrade.

Part 5: bernard Demo Account Information

bernard Demo Account Guide

• Demo Account Features and Benefits:

• Access to all trading instruments

• Risk-free environment to practice trading strategies

• Ability to test the trading platform

• How to Open a Demo Account:

• Follow the same registration process as for a live account but select the demo option.

• Demo Account Limitations:

• Virtual funds are provided, and no real money can be traded.

• Virtual Balance Amount:

• Typically set at $10,000 or more for practice.

• Demo vs Live Account Differences:

• Demo accounts do not involve real money, while live accounts require actual funds.

• Duration/Expiry of Demo Accounts:

• Demo accounts usually remain active for a limited time, often 30 days, but can be extended upon request.

Part 6: bernard Islamic Account Details

bernard Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Yes, Islamic accounts are available for those who adhere to Sharia law.

• Eligibility Requirements:

• Must be a Muslim trader.

• Differences from Standard Accounts:

• Islamic accounts do not incur swap fees, making them 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 comply with the terms set forth by Bernard for Islamic accounts.

FAQs – bernard Account Types & Opening

1. What account types does bernard offer？

• Bernard 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: No minimum.

1. How long does bernard account verification take？

• Verification typically takes 1-3 business days.

1. Does bernard offer demo accounts？

• Yes, bernard offers demo accounts for practice trading.

1. Can I have multiple account types with bernard？

• Yes, you can open multiple account types.

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

• Yes, Islamic accounts are available.

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

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

1. Can I change my account type after registration？

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