BT broker Accounts

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

Part 1: bt Account Types Overview

bt Account Types Explained

BT offers several account types tailored to different trading needs and profiles. Below is a breakdown 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 1:30 for retail clients.
• Key Features: Basic trading tools, access to major currency pairs.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

1. ECN Account

• Minimum Deposit Requirement: £500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of £3 per lot.
• Leverage Options: Up to 1:100 for professional clients.
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: £1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; commission of £2 per lot.
• Leverage Options: Up to 1:200 for professional clients.
• Key Features: Advanced trading tools, priority customer support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, stocks.

1. Islamic Account

• Minimum Deposit Requirement: £500
• Spread/Commission Structure: Similar to Standard or ECN accounts; swap-free.
• Leverage Options: Up to 1:30 for retail clients.
• Key Features: No overnight fees in compliance with Sharia law.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Simulated spreads.
• Leverage Options: Same as live accounts.
• Key Features: Practice trading with virtual funds, access to all trading instruments.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: All available instruments.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: bt Account Features Comparison

Detailed bt Account Features

When comparing the features of the various bt account types, the following aspects are crucial:

• Minimum Deposit:

• Standard: £100

• ECN: £500

• Pro: £1,000

• Islamic: £500

• Demo: N/A

• Maximum Leverage:

• Standard: Up to 1:30

• ECN: Up to 1:100

• Pro: Up to 1:200

• Islamic: Up to 1:30

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.0 pips

• Pro: From 0.5 pips

• Islamic: Similar to Standard/ECN

• Commission Fees:

• Standard: None

• ECN: £3 per lot

• Pro: £2 per lot

• Islamic: None

• Lot Size:

• Standard: Micro/mini/standard

• ECN: Standard

• Pro: Standard

• Islamic: Standard

• Demo: 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: No

• ECN: No

• Pro: No

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Standard: No

• ECN: No

• Pro: No

• Islamic: Yes

• Demo: No

• Demo Account Features:

• Virtual funds for practice, access to all instruments.

Advantages of Each Account Type

• Standard Account:

• Easy to set up

• No commission fees

• Suitable for beginners

• ECN Account:

• Tight spreads

• Fast execution

• Ideal for scalping

• Pro Account:

• Advanced trading tools

• Lower commission

• Suitable for professional traders

• Islamic Account:

• Compliant with Sharia law

• No overnight fees

• Demo Account:

• Risk-free trading

• Ideal for strategy testing

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Requires higher minimum deposit

• Commission fees apply

• Pro Account:

• Higher minimum deposit

• More complex for beginners

• Islamic Account:

• Limited availability

• Not all features available

• Demo Account:

• Virtual funds only

• Limited duration

Part 3: bt Account Opening Requirements

bt Account Registration Requirements

To open a bt account, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents in the UK and select countries.
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Recent documents showing your name and address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks to verify their identity and source of funds.

Verification Time Frames

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

Part 4: bt Account Opening Process

Step-by-Step bt Account Opening Guide

1. Visit Website and Click Registration: Go to the official bt website and navigate to the account registration section.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the account type that suits your trading needs.
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Once verified, deposit funds into your account.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile, but the mobile interface may be more streamlined for quick entry.

Common Registration Issues and Solutions

• Issue: Document upload fails.

• Solution: Ensure documents are in the correct format and size.

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Account types can typically be changed by contacting customer support or through the account management section of the bt platform.

Part 5: bt Demo Account Information

bt Demo Account Guide

• Demo Account Features and Benefits:

• Allows traders to practice without financial risk.

• Access to all trading instruments available in live accounts.

• How to Open a Demo Account:

• Visit the bt website and select the demo account option.

• Fill in the required information and create your demo account.

• Demo Account Limitations:

• Limited duration (typically 30 days).

• Virtual funds only.

• Virtual Balance Amount:

• Usually set at £10,000 or equivalent in virtual currency.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds; live accounts involve real money.

• Market conditions may differ slightly.

• Duration/Expiry of Demo Accounts:

• Demo accounts typically expire after 30 days of inactivity.

Part 6: bt Islamic Account (if available)

bt Islamic Account Details

• Swap-Free/Islamic Account Availability:

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

• Eligibility Requirements:

• Must be a Muslim trader seeking a compliant trading option.

• Differences from Standard Accounts:

• No overnight fees (swap-free).

• Similar trading conditions to Standard or ECN accounts.

• How to Apply for Islamic Account:

• Select the Islamic account option during the registration process or contact customer support.

• Restrictions or Special Conditions:

• Must provide documentation confirming eligibility for an Islamic account.

FAQs – bt Account Types & Opening

1. What account types does bt offer？

• BT 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: N/A.

1. How long does bt account verification take？

• Verification typically takes 1-3 business days.

1. Does bt offer demo accounts？

• Yes, bt offers demo accounts for practice trading.

1. Can I have multiple account types with bt？

• Yes, you can hold multiple account types.

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

• Yes, bt offers Islamic accounts that are swap-free.

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

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

1. Can I change my account type after registration？

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