BPFL Account Types

BPFL offers a variety of trading account types designed to cater to different trading needs and preferences. The main account types include:

• Standard Account:
• Minimum Deposit: $100
• Leverage: Up to 1:500
• Spread: Variable spreads starting from 1.0 pips
• Commission: None on standard trades
• Suitable For: Beginner traders looking for a straightforward trading experience.
• Pro Account:
• Minimum Deposit: $2,000
• Leverage: Up to 1:200
• Spread: Tight spreads starting from 0.5 pips
• Commission: $5 per lot
• Suitable For: Experienced traders seeking better pricing and execution.
• ECN Account:
• Minimum Deposit: $5,000
• Leverage: Up to 1:100
• Spread: Raw spreads starting from 0.0 pips
• Commission: $3 per lot
• Suitable For: Professional traders and institutions requiring direct market access.
• Islamic Account:
• Minimum Deposit: $500
• Leverage: Up to 1:500
• Spread: Variable spreads similar to the standard account
• Commission: None
• Suitable For: Traders who require a swap-free account in compliance with Sharia law.

BPFL Broker Account Opening Process

Opening an account with BPFL is a straightforward process that involves the following steps:

• Choose Account Type: Decide which account type suits your trading needs (Standard, Pro, ECN, or Islamic).

• Online Application:

• Visit BPFL's official website and navigate to the account opening section.
• Fill out the online application form with your personal details, including name, address, and contact information.
• Documentation:
• Provide necessary documents for identity verification, such as a government-issued ID and proof of address (utility bill or bank statement).
• Account Verification:
• BPFL will review your application and documents. This process usually takes a few hours to a couple of days.
• Fund Your Account:
• Once your account is approved, you can fund it using various payment methods such as bank transfer, credit/debit card, or e-wallets.
• Start Trading:
• After funding, you can log in to your trading platform and begin trading with your new account.

For more detailed information, you can visit BPFL.