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Trading Account Types

Discover BackTrader trading account types tailored to fit your needs and goals – whether you're a beginner or an experienced trader

“Stay Focused, Stay Driven” — backtrader.com

Do you know the cost of trading is one of the key factors to trading success?

How to Get Started

1

Register

2

Verify

3

Fund

4

Trade

FAQ

Will my live account be closed when the account balance is zero?

No. Even if your account balance is zero, your real account will still work.

How to open a live account with backtrader.com?

1. Opening a Trading Account:
- Go to this website: #
- Fill in your First Name, Last Name, Email, Phone Number (choose the right country code), and Password.
- Check the box that says, "I accept the Terms and Conditions and confirm that I am over 18 years old."
- Click the "Submit" button.

2. Updating Personal Details:
- In the Client Portal, click on the button with your name.
- Choose "Personal Details."
- Add more info like your Date of Birth, Country, City, Address, Account Type, Nationality, and Postal Code.
- Click "Next step."

3. Selecting Options:
- Indicate if you're a U.S. citizen/resident.
- Mention if you're a politically exposed person.
- Choose your gender.

4. Uploading Proof of Identity:
- In the Client Portal, click your name again.
- Click "Verification Center."
- Upload your Proof of Identity.
- If your ID is double-sided, say "Yes" before uploading the reverse side.

5. Uploading Proof of Residence:
- Follow the same steps to upload your Proof of Residence.

6. Confirmation of Upload:
- If you see "Thanks for uploading the doc. Our team will review it soon," you've successfully uploaded the file.

7. Account Review and Approval:
- The Client Onboarding, KYC, and Compliance teams will review your application within one working day.
- If you have questions, reach out to customer support via [email protected], Livechat, or an international call.

How can I confirm that my account has been opened?

Once your online account application has been completed and approved, you will receive an email notifying the account is open, along with your account number, password and instructions on how to access the account.

When are swaps calculated?

A forex swap is the interest rate differential between the two currencies of the pair you are trading, and it is calculated according to whether your position is long or short. The swap charge is applied should you hold the position at the daily rollover point, which is 00:00 server time and known in forex trading as 'tomorrow next' or 'tom next.'

FAQ

Will my live account be closed when the account balance is zero?

No. Even if your account balance is zero, your real account will still work.

How to open a live account with backtrader.com?

1. Opening a Trading Account:
- Go to this website: #
- Fill in your First Name, Last Name, Email, Phone Number (choose the right country code), and Password.
- Check the box that says, "I accept the Terms and Conditions and confirm that I am over 18 years old."
- Click the "Submit" button.

2. Updating Personal Details:
- In the Client Portal, click on the button with your name.
- Choose "Personal Details."
- Add more info like your Date of Birth, Country, City, Address, Account Type, Nationality, and Postal Code.
- Click "Next step."

3. Selecting Options:
- Indicate if you're a U.S. citizen/resident.
- Mention if you're a politically exposed person.
- Choose your gender.

4. Uploading Proof of Identity:
- In the Client Portal, click your name again.
- Click "Verification Center."
- Upload your Proof of Identity.
- If your ID is double-sided, say "Yes" before uploading the reverse side.

5. Uploading Proof of Residence:
- Follow the same steps to upload your Proof of Residence.

6. Confirmation of Upload:
- If you see "Thanks for uploading the doc. Our team will review it soon," you've successfully uploaded the file.

7. Account Review and Approval:
- The Client Onboarding, KYC, and Compliance teams will review your application within one working day.
- If you have questions, reach out to customer support via [email protected], Livechat, or an international call.

How can I confirm that my account has been opened?

Once your online account application has been completed and approved, you will receive an email notifying the account is open, along with your account number, password and instructions on how to access the account.

When are swaps calculated?

A forex swap is the interest rate differential between the two currencies of the pair you are trading, and it is calculated according to whether your position is long or short. The swap charge is applied should you hold the position at the daily rollover point, which is 00:00 server time and known in forex trading as 'tomorrow next' or 'tom next.'

Can I change my account type?

You cannot change your account type while you have open positions. However, once all of your positions have been closed, you can apply to change your account type. To do that, please contact our customer service team or your account manager directly.

What base currency types do you offer?

When opening your live account, you can choose from the below eight base currency types: USD, AUD, GBP, EUR, CAD, SGD, NZD, and HKD. Tips: Please consider the exchange rate while choosing your live account base currency.

How long does it take to open a live trading account?

You can open a trading account instantly by uploading correct proof documents and passing the EV check. Please see for more information about the EV check. Otherwise, you will receive an email from our accounts team, within 24 hours, for more documentation.

What are the required documents to open an individual trading account?

Typically, users need to provide Proof of Identify (PoI) and a recent Proof of Address (PoA) to pass our account opening process requirements.

Our requirements for identity verification includes:
1. Proof of Identity. Here, you may provide a National Identification Card, Passport, Driver’s License, or other government-issued identification document containing the following information:

Identification document number
Full name
Date of birth
Date of expiry
2.Proof of Address. This could be any letter recently received at home from a formal institution, displaying your full name and address. It could be:

a utility Bill, Phone Bill, Bank Statement, Internet Bill, Rental Agreement etc. (within the last three months).
a valid Photo ID with the address
When providing proof of address, it should be a full document format, clearly displaying the name and address (PO Boxes not accepted).

For Australian clients, beyond the documents required, you will also be invited to participate in a quick online questionnaire to test your basic trading knowledge.

FAQ

Can I change my account type?

Yes, we can assist you in changing your trading account type when it has no open positions. Please contact us via our online support or send an email request to [email protected].

When are swaps calculated?

A forex swap is the interest rate differential between the two currency pairs you trade. The value is calculated according to whether your position is long or short. The swap charge is applied should you hold the position at the daily rollover point. This happens at 00:00 server time and is known in forex trading as ‘tomorrow next’ or ‘tom next.’

Why can’t I login to my trading account?

There may be several different reasons as to why you cannot log in to your trading account. However, the reasons are generally related to your password or internet connection and 90% of these issues can be solved by checking the following points:
- Incorrect trading platform has been installed: We recommend you install and log in through the platform provided by backtrader.com.
- Case sensitive: The field in the login widow is case sensitive. Please make sure you type the correct case.
- Space in the field: You may have added extra space in the field by mistake.
- Server is not connected: For some reason, your server may not be connected. You can find out which server is connected and which one is not (and also the latency in ms) by checking the list of trading servers. To check them, please go to ‘file’ – ‘open an account’ and you can see all available trading servers.

How can I get more virtual money to trade in my Demo account?

You can choose the initial deposit amount when registering for a demo account.

If you are an existing demo account user and want to top up your account, please email [email protected]. In your email, please include your demo account number and the amount of virtual money you would like to purchase in your email.

What is the difference between a demo account and a live account?

The only difference between a demo account and a live trading account is that the demo account trades with virtual money rather than real money. A demo account is a virtual online forex trading account. The so-called "demo" means that the funds in the account are virtual. In addition, the currency quotation and chart in the demo account are synchronized with the real exchange market in real time. The demo account is completely free and does not require any capital.

What trading account types do you offer? What are the differences?

We offer two account types, namely Pro and Standard. The Pro account type offers raw spread, perfect for experienced traders trading with high volumes. Meanwhile, the standard account type is commission-free, suiting the needs of new traders.

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