What Account Types and Fees Does ParadTrade Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Beginners |
Low minimum deposit, user-friendly interface |
Suitable for those starting their trading journey |
| ECNParad Account |
Experienced traders |
Access to tighter spreads and faster execution |
Requires a higher minimum deposit |
| FixedParad Account |
Traders preferring fixed spreads |
Stable spreads, ideal for long-term strategies |
Minimum deposit required |
| CryptoParad Account |
Cryptocurrency traders |
Specialized for trading cryptos with competitive conditions |
Focus on digital assets |
| Demo Account |
New traders |
Practice trading without risk |
Available for all users to test the platform |
Account Opening Process
To open an account with ParadTrade, you need to follow several steps. Initially, you will be required to submit personal information, including your name, email address, and contact details. Following this, you will provide employment and financial information to assess your trading profile. Identity verification is a crucial step, which involves submitting a valid ID and proof of address. Once your account is set up, you have the flexibility to upgrade to a professional account later if you meet the necessary requirements and trading volume qualifications.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major currency pairs |
| CFDs (Stocks, Indices, Commodities) |
1.0 |
$0 |
Competitive conditions across various assets |
| Cryptos (BTC/USD) |
1.0% |
0.1 |
Variable spreads depending on market volatility |
Other Fees
Additional costs may include fees for deposits and withdrawals, which can vary depending on the payment method. Inactivity fees may apply if your account remains dormant for an extended period. Be aware of potential platform usage fees, as well as overnight interest (swap rates) on positions held overnight. Currency conversion fees may also be applicable when trading in different currencies.
