BHUMIKA broker Accounts

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

bhumika Account Types Explained

Bhumika offers several account types tailored to different trading needs and preferences. Below is a comprehensive overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips, no commission.
• Leverage Options: Up to 1:100.
• Key Features: Basic trading tools, access to major currency pairs, and educational resources.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, and indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Spreads from 0.1 pips, commission of $5 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 0.0 pips, commission of $3 per lot.
• Leverage Options: Up to 1:500.
• Key Features: Advanced trading tools, higher leverage, and priority customer support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to the Standard or ECN account, depending on the trader's choice.
• Leverage Options: Up to 1:200.
• Key Features: Swap-free trading to comply with Islamic finance principles.
• Target User Profile: Muslim traders seeking compliance with Sharia law.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically $10,000).
• Spread/Commission Structure: Same as live accounts.
• Leverage Options: Same as live accounts.
• Key Features: Practice trading without risk, access to all trading instruments.
• Target User Profile: Beginners and traders wanting to test strategies.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed bhumika Account Features

Comparison of Features Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• Ideal for beginners.

• Access to educational resources.

• ECN Account:

• Lower spreads.

• Direct market access.

• Suitable for scalping.

• Pro Account:

• Highest leverage.

• Advanced trading tools.

• Priority support.

• Islamic Account:

• Complies with Sharia law.

• No swap fees.

• Demo Account:

• Risk-free trading.

• Practice with virtual funds.

• Access to all trading instruments.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• ECN Account:

• Higher minimum deposit.

• Commission fees apply.

• Pro Account:

• Requires significant capital.

• Not suitable for casual traders.

• Islamic Account:

• Limited to specific trading conditions.

• Demo Account:

• No real profit or loss.

• Limited duration.

bhumika Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to traders in most countries, but specific regions may be restricted.
• Prohibited Countries: Countries under international sanctions may be restricted.

Identity Verification Documents Needed

• Identity Proof: Government-issued ID (passport, national ID).
• Proof of Residence: Utility bill, bank statement, or lease agreement.
• Additional Documentation for Professional Accounts: Proof of trading experience or financial background may be required.

KYC/AML Compliance Procedures

• All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Verification typically includes document submission and may require a video call for identity confirmation.

Verification Time Frames

• Account verification usually takes between 1 to 3 business days, depending on the completeness of the submitted documents.

Step-by-Step bhumika Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Go to the Bhumika website and find the registration button.
2. Personal Information Entry: Fill out the required 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: Indicate your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identity and residence verification documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate your trading account.
8. Start Trading: Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

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

Common Registration Issues and Solutions

• Issue: Document rejection due to poor quality.

• Solution: Ensure documents are clear and legible before uploading.

• Issue: Delays in verification.

• Solution: Contact customer support for updates.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Traders can request an upgrade or downgrade by contacting customer support and providing the necessary documentation for the new account type.

bhumika Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments, same trading conditions as live accounts.
• Benefits: Allows traders to practice strategies without financial risk.

How to Open a Demo Account

• Visit the Bhumika website, select the demo account option, and fill out the registration form.

Demo Account Limitations

• Demo accounts may have a limited duration and virtual balance.

Virtual Balance Amount

• Typically, demo accounts offer a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts do not involve real money, while live accounts require actual deposits and trading.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days, but this may vary by provider.

bhumika Islamic Account Details

Swap-Free/Islamic Account Availability

• Bhumika offers an Islamic account that complies with Sharia law, allowing traders to engage in swap-free trading.

Eligibility Requirements

• Traders must declare their need for an Islamic account during registration.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, aligning with Islamic finance principles.

How to Apply for Islamic Account

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

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions that differ from standard accounts.

FAQs – bhumika Account Types & Opening

1. What account types does bhumika offer？

• Bhumika 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: $500, Demo: Virtual balance.

1. How long does bhumika account verification take？

• Verification typically takes 1 to 3 business days.

1. Does bhumika offer demo accounts？

• Yes, Bhumika offers demo accounts for practice trading.

1. Can I have multiple account types with bhumika？

• Yes, traders can have multiple account types.

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

• Yes, Bhumika provides Islamic accounts that are swap-free.

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

• Identity proof 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.