BGP broker Accounts

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

Part 1: bgp Account Types Explained

BGP offers various account types tailored to different trading needs and experiences. Below is an overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Basic trading tools, access to major currency pairs.
• Target User Profile: Beginners.
• Trading Instruments Available: Forex, commodities.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Low spreads starting from 0.1 pips; commission of $5 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, faster execution speeds.
• Target User Profile: Intermediate to advanced traders.
• Trading Instruments Available: Forex, indices, commodities.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; commission of $3 per lot.
• Leverage Options: Up to 1:100.
• Key Features: Advanced trading tools, priority customer support.
• Target User Profile: Professional traders.
• Trading Instruments Available: Forex, stocks, commodities.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law, no interest on overnight positions.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically $10,000).
• Spread/Commission Structure: Similar to Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free trading environment to practice strategies.
• Target User Profile: Beginners and those testing new strategies.
• Trading Instruments Available: Forex, commodities.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: bgp Account Features Comparison

Detailed bgp Account Features

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• Suitable for beginners.

• ECN Account:

• Tight spreads.

• Direct market access.

• Ideal for scalping and high-frequency trading.

• Pro Account:

• Advanced trading tools.

• Lower commission fees.

• Priority support.

• Islamic Account:

• Complies with Sharia law.

• No overnight interest fees.

• Demo Account:

• Risk-free environment.

• Practice trading strategies.

• Access to full trading features.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• ECN Account:

• Requires a higher minimum deposit.

• Commission fees may add up.

• Pro Account:

• Higher minimum deposit.

• Not suitable for beginners.

• Islamic Account:

• Limited availability.

• May have fewer trading instruments.

• Demo Account:

• Virtual balance does not reflect real market conditions.

• Limited duration for practice.

Part 3: bgp Account Registration Requirements

bgp Account Registration Requirements

• Eligibility Criteria:

• Age Requirements: Minimum age of 18 years.

• Geographic Restrictions: Services may not be available in certain countries.

• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.

• Identity Verification Documents Needed:

• Government-issued ID (passport, national ID).

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

• Additional Documentation for Professional Accounts:

• Business registration documents.

• Proof of trading experience.

KYC/AML Compliance Procedures

• bgp adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. All clients must provide valid identification and proof of residence to comply with these regulations.

Verification Time Frames

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

Part 4: bgp Account Opening Process

Step-by-Step bgp Account Opening Guide

1. Visit Website and Click Registration: Navigate to the bgp official website and click on the registration button.
2. Personal Information Entry: Fill in personal details including name, email, and phone number.
3. Choose Account Type: Select the desired account type based on your trading needs.
4. Set Trading Preferences: Specify trading preferences such as leverage and trading instruments.
5. Document Upload: Upload the required identification and proof of residence documents.
6. Account Verification: Wait for the bgp team to verify your documents.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once verified and funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, though mobile users may have a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document upload failure.

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

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• The average time for account approval is 1-3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

• Users can request to upgrade or downgrade their account type through the client portal, subject to the new account type's minimum deposit requirements.

Part 5: bgp Demo Account Guide

bgp Demo Account Features and Benefits

• Features:
• Access to real market conditions without financial risk.
• Ability to practice trading strategies with virtual funds.

How to Open a Demo Account

• Navigate to the bgp website and select the demo account option. Fill in the required information and submit.

Demo Account Limitations

• Demo accounts may have a limited duration (typically 30 days) and a virtual balance that does not reflect real trading conditions.

Virtual Balance Amount

• The standard virtual balance for demo accounts is usually set at $10,000.

Demo vs Live Account Differences

• Demo accounts do not involve real money and may have restrictions on trading instruments compared to live accounts.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days of inactivity.

Part 6: bgp Islamic Account Details

bgp Islamic Account Details

• Swap-free/Islamic Account Availability: Yes, bgp offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Clients must declare their religious beliefs and provide necessary documentation to qualify for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees on overnight positions, making them suitable for Muslim traders.

How to Apply for Islamic Account

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

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions and limitations on certain instruments.

FAQs – bgp Account Types & Opening

1. What account types does bgp offer？

• bgp 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 balance.

1. How long does bgp account verification take？

• Verification typically takes 1-3 business days.

1. Does bgp offer demo accounts？

• Yes, bgp provides demo accounts for practice trading.

1. Can I have multiple account types with bgp？

• Yes, clients can hold multiple account types.

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

• Yes, bgp offers Islamic accounts that comply with Sharia law.

1. What documents do I need to open a bgp 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 upgrade or downgrade your account type through the client portal.