BKG broker Accounts

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

Part 1: bkg Account Types Overview

bkg Account Types Explained

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

1. Standard Account

• Minimum Deposit Requirement: Varies by broker; typically around $100.
• Spread/Commission Structure: Fixed or variable spreads; commissions may apply.
• Leverage Options: Up to 1:500.
• Key Features: User-friendly interface, suitable for beginners.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: Usually $500.
• Spread/Commission Structure: Low spreads with a commission per trade.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, faster execution speeds.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: Typically $1,000 or more.
• Spread/Commission Structure: Tight spreads with lower commissions.
• Leverage Options: Up to 1:100.
• Key Features: Advanced trading tools and analytics.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, stocks, ETFs.

4. Islamic Account

• Minimum Deposit Requirement: Same as Standard or Pro accounts.
• Spread/Commission Structure: Similar to standard accounts; swap-free.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law; no interest charges.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual funds, typically $10,000 to $100,000.
• Spread/Commission Structure: Same as live accounts but with virtual funds.
• Leverage Options: Same as live accounts.
• Key Features: Risk-free environment for practice.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Same as live accounts.

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
• Practice: Demo Account

Part 2: bkg Account Features Comparison

Detailed bkg Account Features

Below is a comparison of features across different bkg account types:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: Same as Standard

• Demo: Virtual funds

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:100

• Islamic: Up to 1:500

• Demo: Same as Live

• Spreads (Typical/Minimum):

• Standard: Variable from 1.0 pips

• ECN: Low spreads from 0.0 pips + commission

• Pro: Tight spreads from 0.5 pips

• Islamic: Similar to Standard

• Demo: Same as Live

• Commission Fees:

• Standard: Yes

• ECN: Yes

• Pro: Lower

• Islamic: No

• Demo: No

• Lot Size:

• Standard: Micro/Standard

• ECN: Micro/Standard

• Pro: Standard

• Islamic: Micro/Standard

• Demo: Micro/Standard

• Available Trading Platforms:

• Standard: MT4/MT5

• ECN: MT4/MT5

• Pro: MT4/MT5

• Islamic: MT4/MT5

• Demo: MT4/MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Not Applicable

• Demo: Not Applicable

• Demo Account Features:

• Virtual balance: $10,000 to $100,000

• Duration: Typically unlimited but may expire after inactivity.

Advantages of Each Account Type

• Standard Account:

• Easy to use for beginners.

• Low minimum deposit.

• Access to various trading instruments.

• ECN Account:

• Direct market access.

• Tight spreads and fast execution.

• Suitable for scalping strategies.

• Pro Account:

• Advanced trading tools.

• Lower commission fees for high-volume trading.

• Ideal for professional traders.

• Islamic Account:

• Complies with Sharia law.

• No interest charges.

• Same features as standard accounts.

• Demo Account:

• Risk-free trading environment.

• Practice trading strategies.

• Access to all trading instruments.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit.

• Commission fees can add up.

• Pro Account:

• Requires a higher initial investment.

• May not be suitable for casual traders.

• Islamic Account:

• Limited to Muslim traders.

• May have fewer features than standard accounts.

• Demo Account:

• No real money involved.

• May not fully replicate live trading conditions.

Part 3: bkg Account Opening Requirements

bkg Account Registration Requirements

Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Varies by broker; check specific terms.
• Prohibited Countries: Specific countries may be restricted; consult the broker's terms.
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license).
• Social Security Number or equivalent.
• Proof of Residence Requirements: Utility bill or bank statement with your name and address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures:

• Complete identity verification process.
• Submit required documents for review.

Verification Time Frames:

• Typically takes 1-3 business days, depending on the broker's processing speed.

Part 4: bkg Account Opening Process

Step-by-Step bkg Account Opening Guide

1. Visit Website and Click Registration:

• Go to the official bkg website and locate the "Register" or "Sign Up" button.

1. Personal Information Entry:

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

1. Choose Account Type:

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

1. Set Trading Preferences:

• Specify your trading preferences and risk tolerance.

1. Document Upload:

• Upload required identification and proof of residence documents.

1. Account Verification:

• Wait for the broker to verify your documents and account information.

1. Fund Your Account:

• Make an initial deposit to activate your account.

1. Start Trading:

• Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences:

• Registration processes may vary slightly between desktop and mobile platforms, but the core steps remain the same.

Common Registration Issues and Solutions:

• Issue: Not receiving the verification email/SMS.

• Solution: Check spam/junk folder or ensure the contact information is correct.

• Issue: Difficulty uploading identification documents.

• Solution: Ensure files meet required format and size; try different browsers if issues persist.

Average Account Approval Time:

• Generally, accounts are approved within 1-3 business days.

How to Upgrade/Downgrade Account Types:

• Contact customer support for assistance with changing account types.

Part 5: bkg Demo Account Information

bkg Demo Account Guide

Demo Account Features and Benefits:

• Allows traders to practice without financial risk.
• Access to all trading instruments available in live accounts.
• Helps in developing and testing trading strategies.

How to Open a Demo Account:

• Follow the same registration process as for a live account, selecting the demo option.

Demo Account Limitations:

• Virtual funds only; no real money can be earned.
• May not fully replicate live market conditions.

Virtual Balance Amount:

• Typically ranges from $10,000 to $100,000 in virtual funds.

Demo vs Live Account Differences:

• Demo accounts use virtual funds; live accounts involve real money.
• Market conditions may differ due to emotional factors in live trading.

Duration/Expiry of Demo Accounts:

• Demo accounts may remain active indefinitely, but inactivity may lead to expiration.

Part 6: bkg Islamic Account (if available)

bkg Islamic Account Details

Swap-Free/Islamic Account Availability:

• bkg offers Islamic accounts that comply with Sharia law.

Eligibility Requirements:

• Must be a practicing Muslim.

Differences from Standard Accounts:

• No interest charges (swaps).
• Similar features to standard accounts otherwise.

How to Apply for Islamic Account:

• Select the Islamic account option during the registration process.

Restrictions or Special Conditions:

• Must adhere to Islamic finance principles; consult terms for specific conditions.

FAQs – bkg Account Types & Opening

1. What account types does bkg offer？

• bkg 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: Same as Standard, Demo: Virtual funds.

1. How long does bkg account verification take？

• Typically 1-3 business days.

1. Does bkg offer demo accounts？

• Yes, bkg provides demo accounts for practice trading.

1. Can I have multiple account types with bkg？

• Yes, you can open multiple account types based on your needs.

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

• Yes, bkg provides Islamic accounts that comply with Sharia law.

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

• Government-issued ID, Social Security Number, and proof of residence.

1. Can I change my account type after registration？

• Yes, you can contact customer support for assistance with changing account types.