Bitexco broker Accounts

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

bitexco Account Types Explained

Bitexco offers several account types tailored to different trading needs and experience levels. Below is a detailed overview of each account type available for traders.

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.2 pips, no commission.
• Leverage Options: Up to 1:500.
• Key Features: Basic trading tools, suitable for beginners.
• Target User Profile: Ideal for novice traders.
• Trading Instruments Available: Forex, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips, commission of $7 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Experienced traders looking for better pricing.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.8 pips, commission of $5 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Advanced trading tools, priority customer service.
• Target User Profile: Professional traders and institutional clients.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard accounts, but swap-free.
• Leverage Options: Up to 1:500.
• Key Features: Compliant with Sharia law, no swap fees.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Same as Standard account.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading without risk, access to all trading tools.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed bitexco Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account: Easy to use, no commissions.
• ECN Account: Lower spreads, direct market access.
• Pro Account: Advanced tools, better support.
• Islamic Account: Compliant with Islamic finance principles.
• Demo Account: Risk-free trading environment.

Disadvantages of Each Account Type

• Standard Account: Higher spreads compared to ECN.
• ECN Account: Requires higher minimum deposit.
• Pro Account: Higher initial investment needed.
• Islamic Account: Limited to specific trading conditions.
• Demo Account: Limited to virtual funds and may not reflect live market conditions.

bitexco Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to most countries; check specific restrictions.
• Prohibited Countries: Specific countries may be restricted; verify on the Bitexco website.
• Identity Verification Documents Needed: Government-issued ID (passport or national ID).
• Proof of Residence Requirements: Utility bill or bank statement showing your name and 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.
• Additional checks may be conducted for high-risk accounts.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the volume of applications.

Step-by-Step bitexco Account Opening Guide

Registration Process

1. Visit Website: Go to the Bitexco official website.
2. Click Registration: Click on the “Sign Up” button.
3. Personal Information Entry: Fill in your personal details (name, email, phone number).
4. Choose Account Type: Select the desired account type from the options available.
5. Set Trading Preferences: Specify your trading preferences and leverage.
6. Document Upload: Upload required documents for identity verification.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds into your account to start trading.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

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

Common Registration Issues and Solutions

• Issue: Document upload failure.

  Solution: Ensure documents are clear and in the correct format.

• Issue: Verification delays.

  Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically 1-3 business days, depending on the completeness of the submitted documents.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade, providing any necessary documentation.

bitexco Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments, virtual funds for practice.
• Benefits: Risk-free environment to test strategies and familiarize with the platform.

How to Open a Demo Account

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

Demo Account Limitations

• Limited to virtual funds and may not reflect live market conditions accurately.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $100,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money and market conditions.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for 30 days but can be extended upon request.

bitexco Islamic Account Details

Swap-Free/Islamic Account Availability

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

Eligibility Requirements

• Must meet the standard account opening requirements and specify the need for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them compliant with Islamic finance principles.

How to Apply for Islamic Account

• Indicate the preference for an Islamic account during the registration process.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions; consult with customer support for details.

FAQs – bitexco Account Types & Opening

1. What account types does bitexco offer？

   Bitexco offers Standard, ECN, Pro, Islamic, and Demo accounts.

2. 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 bitexco account verification take？

   Verification typically takes 1-3 business days.

2. Does bitexco offer demo accounts？

   Yes, Bitexco offers demo accounts for practice trading.

3. Can I have multiple account types with bitexco？

   Yes, you can open multiple accounts with different types.

4. Does bitexco offer Islamic/swap-free accounts？

   Yes, Bitexco provides Islamic accounts that are swap-free.

5. What documents do I need to open a bitexco account？

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

6. Can I change my account type after registration？

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