ParadTrade Information
ParadTrade, founded in 2019 and headquartered in Prague, provides opportunities to trade various tradable assets encompassing forex, stocks, cryptocurrencies, commodities, and indices. With a low $5 minimum deposit and up to 1:1000 leverage, ParadTrade makes trading products accessible to a broad spectrum of traders.
To enhance the trading experience, ParadTrade provides MT4, web, and mobile platforms. Comprehensive customer support, educational resources, and bonus incentives complement the core trading offerings.
Is ParadTrade Legit?
ParadTrade is regulated in Comoros, and authorized by the Mwali International Services Authority (MISA) under license no. BFX2024133.
Pros and Cons
On the positive side, it offers a simplified account structure, allowing traders to focus on their investments without the complexity of multiple account types. It provides access to a diverse range of tradable assets, including Forex, stocks, cryptocurrencies, commodities, and indexes. The availability of a high maximum leverage of 1:1000 can be appealing to traders seeking amplified positions.
Furthermore, ParadTrade offers educational resources and bonus opportunities. However, the absence of regulation can raise concerns about fund security and transparency, potentially limiting options for dispute resolution.
Trading Instruments
ParadTrade offers a diverse range of tradable products across various international financial markets, including:
- Forex: Trade major and minor currency pairs.
- Stocks: Invest in a wide selection of global equities.
- Commodities: Access markets for essential raw materials and commodities.
- Cryptocurrency: Trade popular digital currencies with competitive conditions.
Account Types
ParadTrade offers 6 variety of account types.
The Demo Account is ideal for beginners, featuring $10,000 in virtual funds, no minimum deposit, leverage of 1:500, and spreads from 0.00003 pips, with no commissions and a stop-out level of 25%.
The Standard Account is the most popular option, requiring just a $5 minimum deposit and providing similar conditions.
For competitive pricing, the Interbank Account demands a $5,000 minimum deposit, offers leverage of 1:200, spreads from 0.0 pips, and a commission of 0.3 pips.
For experienced traders, the ECNParad Account allows scalping with a $3,000 minimum deposit, leverage of 1:1000, spreads from 0.0 pips, and a commission of 0.6 pips. The FixedParad Account provides fixed spreads for stability, requiring a $3,000 minimum deposit and offering leverage of 1:1000 with spreads starting from 0.0001 pips and no commissions.
Finally, the CryptoParad Account is tailored for cryptocurrency trading, needing a $5,000 minimum deposit, with leverage of 1:200, spreads from 0.0001 pips, and a commission of 0.3 pips.
Leverage
ParadTrade provides traders with the flexibility to choose their desired leverage levels. The maximum leverage available at ParadTrade is 1:1000. Leverage is a powerful tool that allows traders to control larger positions in the market with a relatively smaller amount of capital.
Spreads and Commissions (Trading Fees)
The Demo and Standard Accounts are ideal for beginners, featuring competitive spreads starting from 0.00003 pips with no commissions.
For those seeking more competitive pricing, the Interbank Account provides spreads from 0.0 pips, accompanied by a commission of 0.3 pips. The ECNParad Account, designed for experienced scalpers, also offers spreads from 0.0 pips but with a higher commission of 0.6 pips.
In contrast, the FixedParad Account provides stability with fixed spreads starting at 0.0001 pips and no commission.
Finally, the CryptoParad Account is specifically for cryptocurrency trading, featuring spreads from 0.0001 pips and a commission of 0.3 pips.
Deposit & Withdraw Methods
ParadTrade offers a range of convenient methods for both depositing and withdrawing funds from your trading account. These methods include credit card payments, bank wire transfers, eWallets, and cryptocurrency transactions. The minimum deposit is $5.
Trading Platforms
The ParadTrade web platform offers an intuitive interface, ensuring a seamless experience across popular browsers like Chrome, Opera, and Mozilla Firefox. Designed for ease of use, it allows traders to manage trades and analyze market data efficiently.
Bonus
ParadTrade offers enticing bonuses to its clients, providing them with added value and opportunities to boost their trading capital.
Deposit Bonus: Clients of ParadTrade have the chance to benefit from deposit bonuses. As per the terms of this promotion, clients can receive a bonus credited to their trading account for each deposit they make. Here's how it works: Upon opening a trading account, clients can replenish their account multiple times. For example, if they deposit $500, they receive a 25% bonus, which amounts to $125.
Invite a Friend: ParadTrade also offers clients the opportunity to earn rewards without actively trading. Clients can invite friends and acquaintances to join ParadTrade through various means, such as social networks, personal blogs, or direct referrals. For every new client referred, the existing client can receive up to 15% of the amount of their friend's first deposit as a commission.
Customer Support
Traders can reach out to the support team via phone at +420488102480 during business hours. For written inquiries and assistance, traders can email support@paradtrade.com, and the support team will respond to their queries promptly. Customer support is available from Monday to Friday, providing assistance from 9:00 AM to 7:00 PM.
FAQs
What is the minimum deposit required to open an account with ParadTrade?
The minimum deposit to open an account with ParadTrade is $5.
How can I contact ParadTrade's customer support?
You can reach ParadTrade's customer support via phone at +420488102480 during business hours or by emailing support@paradtrade.com.
Does ParadTrade offer bonuses?
Yes, ParadTrade provides bonus opportunities, including a deposit bonus and a referral program for clients.
