What Account Types and Fees Does BKW Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, user-friendly platform, educational resources |
Suitable for small-capital practice, no special requirements |
| Professional Account |
Experienced traders |
Higher leverage, lower spreads, advanced trading tools |
Requires proof of trading experience and volume |
| Corporate Account |
Corporate clients |
Customizable solutions, dedicated account management |
Requires corporate documentation and verification |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free trading conditions, ethical investment options |
Requires declaration and verification of religious adherence |
| Demo Account |
New and practicing traders |
Risk-free environment, access to real market conditions |
Available for all user types, no financial commitment |
Account Opening Process
To open an account with BKW, interested traders must follow a straightforward process, which includes the submission of personal, employment, and financial information. This information helps to establish the trader’s profile and suitability for the chosen account type. Additionally, identity verification is required, which involves providing a government-issued ID and proof of address to ensure compliance with regulatory standards. Once the initial account is opened, users have the option to upgrade to a professional account later if they meet the necessary trading volume qualifications.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $4/lot) |
Competitive for minor pairs |
| CFDs (Stock Index) |
1.5 |
$5 per lot |
Varies by index |
| CFDs (Commodities) |
2.0 |
$5 per lot |
Includes oil and gold |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
BKW may impose various fees related to account management. These fees can include deposit and withdrawal fees, which may vary based on the method used. Additionally, an inactivity fee may be charged if there is no trading activity for a specified period. For those using the trading platform, there may be platform usage fees, and overnight interest costs (swap rates) will apply for positions held overnight. Currency conversion fees may also be relevant for accounts dealing in different currencies.
