BLUEWATER broker Accounts

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

Part 1: bluewater Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:500
• Key Features: Suitable for beginners, access to major currency pairs, and basic trading tools.
• Target User Profile: Beginner traders
• Trading Instruments Available: Forex, commodities, and indices

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads with a commission of $3 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution speeds, and no dealing desk intervention.
• Target User Profile: Intermediate to advanced traders
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Low spreads starting from 0.0 pips with a commission of $2 per lot
• Leverage Options: Up to 1:100
• Key Features: Advanced trading tools, priority customer support, and enhanced trading conditions.
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account but swap-free
• Leverage Options: Up to 1:500
• Key Features: Complies with Islamic finance principles, no overnight interest.
• 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: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: Practice trading without risk, access to all trading instruments.
• Target User Profile: Beginners and traders testing 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
• Strategy Testing: Demo Account

Part 2: Detailed bluewater Account Features

Comparison of Features Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• 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: Up to 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: Raw spreads

• Pro: From 0.0 pips

• Islamic: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: $3/lot

• Pro: $2/lot

• Islamic: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Mini, Standard

• Islamic: Micro, Mini, 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: N/A

• Demo: N/A

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: N/A

• Demo Account Features:

• Virtual balance to practice trading strategies without risk.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to essential trading tools

• ECN Account:

• Direct market access

• Lower spreads

• Fast execution speeds

• Pro Account:

• Best trading conditions

• Lower commission fees

• Priority support

• Islamic Account:

• Complies with Islamic finance principles

• No overnight interest

• Demo Account:

• Risk-free trading environment

• Ideal for strategy testing

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN and Pro accounts

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees may add up

• Pro Account:

• Requires a higher initial investment

• Not suitable for beginners

• Islamic Account:

• Limited to Muslim traders

• May have fewer features compared to other accounts

• Demo Account:

• No real profits

• Limited duration for practice

Part 3: bluewater Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries, but may exclude certain regions.
• Prohibited Countries: Specific countries may be restricted due to regulatory compliance.
• Identity Verification Documents Needed:
• Government-issued ID (passport or driver's license)
• Social Security Number (if applicable)
• Proof of Residence Requirements:
• Utility bill or bank statement showing the current address
• Additional Documentation for Professional Accounts:
• Proof of trading experience or financial status may be required.

KYC/AML Compliance Procedures

• All new accounts must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks, which include identity verification and proof of residence.

Verification Time Frames

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

Part 4: Step-by-Step bluewater Account Opening Guide

Registration Process

1. Visit Website and Click Registration: Go to the bluewater official website and select the account registration option.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type from the available options.
4. Set Trading Preferences: Indicate your trading preferences and leverage options.
5. Document Upload: Upload the required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to be completed.
7. Fund Your Account: Once verified, deposit funds into your account to start trading.
8. Start Trading: Access the trading platform and begin your trading activities.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but the mobile interface may have simplified steps for ease of use.

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

• Account approval generally takes 1-3 business days, depending on the documentation provided.

How to Upgrade/Downgrade Account Types

• Account holders can request an upgrade or downgrade through the customer support portal or by contacting customer service.

Part 5: bluewater Demo Account Guide

Demo Account Features and Benefits

• The demo account allows users to practice trading with virtual funds, providing a risk-free environment to test strategies and familiarize themselves with the trading platform.

How to Open a Demo Account

• Users can register for a demo account directly on the bluewater website by selecting the demo account option and filling out the required information.

Demo Account Limitations

• The demo account has a virtual balance that may be limited, and it typically expires after a set duration (e.g., 30 days).

Virtual Balance Amount

• Demo accounts usually come with a virtual balance of $10,000 or similar amounts to simulate real trading conditions.

Demo vs Live Account Differences

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

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days, but users may be able to renew or extend their access.

Part 6: bluewater Islamic Account Details

Swap-Free/Islamic Account Availability

• bluewater offers Islamic accounts that comply with Sharia law, ensuring no overnight interest is charged.

Eligibility Requirements

• To qualify for an Islamic account, traders must declare their adherence to Islamic finance principles.

Differences from Standard Accounts

• Islamic accounts have similar features to standard accounts but are swap-free.

How to Apply for Islamic Account

• Traders can apply for an Islamic account during the registration process by selecting the Islamic account option.

Restrictions or Special Conditions

• Islamic accounts may have specific conditions regarding trading instruments and leverage.

FAQs – bluewater Account Types & Opening

1. What account types does bluewater offer？

• bluewater 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 bluewater account verification take？

• Verification typically takes 1-3 business days.

1. Does bluewater offer demo accounts？

• Yes, bluewater provides demo accounts for practice trading.

1. Can I have multiple account types with bluewater？

• Yes, traders can hold multiple account types.

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

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

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

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

1. Can I change my account type after registration？

• Yes, account types can be changed by contacting customer support.