BHS broker Accounts

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

Part 1: bhs Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: £100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:30
• Key Features: Ideal for beginners, access to basic trading tools
• Target User Profile: Beginner traders
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: £500
• Spread/Commission Structure: Raw spreads with a commission of £3 per lot
• Leverage Options: Up to 1:100
• Key Features: Direct market access, lower spreads, suitable for high-frequency trading
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: £1,000
• Spread/Commission Structure: Fixed spreads starting from 1 pip
• Leverage Options: Up to 1:200
• Key Features: Advanced trading tools, priority customer 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 1:30
• Key Features: Swap-free trading options compliant with Islamic law
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically £10,000)
• Spread/Commission Structure: Same as live accounts
• Leverage Options: Same as live accounts
• Key Features: Risk-free environment for practice trading
• Target User Profile: All levels, especially beginners
• Trading Instruments Available: Forex, commodities, indices

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: bhs Account Features Comparison

Detailed bhs Account Features

• Minimum Deposit:

• Standard: £100

• ECN: £500

• Pro: £1,000

• Islamic: £100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:30

• ECN: 1:100

• Pro: 1:200

• Islamic: 1:30

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: Raw spreads

• Pro: From 1 pip

• Islamic: Same as Standard

• Commission Fees:

• Standard: None

• ECN: £3 per lot

• Pro: None

• Islamic: None

• Lot Size:

• Standard: Micro

• ECN: Mini/Standard

• Pro: Standard

• Islamic: Micro

• Available Trading Platforms:

• All account types: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market

• Islamic Account Availability:

• Yes for Islamic Account

• Swap-Free Options:

• Available for Islamic Account

• Demo Account Features:

• Virtual trading environment, same tools as live accounts

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to essential trading tools

• ECN Account:

• Lower spreads

• Direct market access

• Suitable for scalpers and high-frequency traders

• Pro Account:

• Advanced trading features

• Priority support

• Competitive spreads

• Islamic Account:

• Compliant with Islamic law

• No swap fees

• Access to all trading instruments

• Demo Account:

• Risk-free trading

• Practice with virtual funds

• Familiarize with trading platforms

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees may add up

• Pro Account:

• High minimum deposit

• More complex features may overwhelm beginners

• Islamic Account:

• Limited to swap-free trading

• May have fewer promotional offers

• Demo Account:

• No real profit

• Limited duration for practice

Part 3: bhs Account Opening Requirements

bhs Account Registration Requirements

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old

• Geographic Restrictions: Available in most countries, check specific restrictions

• Prohibited Countries: Countries under sanctions or restrictions

• Identity Verification Documents Needed:

• Government-issued ID (passport or national ID)

• Proof of address (utility bill or bank statement)

• Proof of Residence Requirements:

• Recent utility bill or bank statement dated within the last 3 months

• Additional Documentation for Professional Accounts:

• Proof of trading experience or financial background may be required

• KYC/AML Compliance Procedures:

• Complete identity verification process

• Submit required documents for review

• Verification Time Frames:

• Typically 1-3 business days for account verification

Part 4: bhs Account Opening Process

Step-by-Step bhs Account Opening Guide

1. Visit Website and Click Registration:

• Go to the official bhs website and find the registration button.

1. Personal Information Entry:

• Fill in your personal details such as name, email, and phone number.

1. Choose Account Type:

• Select the type of account you wish to open (Standard, ECN, Pro, Islamic, or Demo).

1. Set Trading Preferences:

• Specify your trading preferences and risk tolerance.

1. Document Upload:

• Upload required identity verification documents.

1. Account Verification:

• Wait for the verification process to complete.

1. Fund Your Account:

• Deposit the minimum required amount to activate your account.

1. Start Trading:

• Once verified and funded, you can start trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile may have additional verification steps like biometric authentication.

Common Registration Issues and Solutions

• Issue: Document upload fails.

• Solution: Ensure documents are clear and in the correct format (PDF/JPEG).

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically between 1-3 business days, depending on document submission and verification.

How to Upgrade/Downgrade Account Types

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

Part 5: bhs Demo Account Information

bhs Demo Account Guide

• Demo Account Features and Benefits:

• Access to real-time market conditions

• Practice trading strategies without risk

• Use of all trading tools available in live accounts

• How to Open a Demo Account:

• Follow the same registration process and select the demo account option.

• Demo Account Limitations:

• Limited to virtual funds only

• May have an expiration date (usually 30-90 days)

• Virtual Balance Amount:

• Typically £10,000 in virtual funds

• Demo vs Live Account Differences:

• Live accounts involve real money and risk, while demo accounts are risk-free.

• Duration/Expiry of Demo Accounts:

• Usually expires after 30-90 days of inactivity.

Part 6: bhs Islamic Account Details

bhs Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Yes, available for Muslim traders.

• Eligibility Requirements:

• Must provide documentation confirming adherence to Islamic finance principles.

• Differences from Standard Accounts:

• No swap fees applied to overnight positions.

• How to Apply for Islamic Account:

• Select the Islamic account option during registration and provide necessary documentation.

• Restrictions or Special Conditions:

• Must comply with Islamic trading principles; no interest-based transactions.

FAQs – bhs Account Types & Opening

1. What account types does bhs offer？

• bhs 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 funds.

1. How long does bhs account verification take？

• Typically 1-3 business days.

1. Does bhs offer demo accounts？

• Yes, bhs provides a demo account for practice trading.

1. Can I have multiple account types with bhs？

• Yes, you can open multiple accounts with different types.

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

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

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

• A 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 your account settings.