ParadTrade

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 wide range of trading instruments:

1. Forex: Trade major currency pairs in the dynamic foreign exchange market, suitable for traders of all levels.
2. Stocks: Invest in leading global companies, diversify your portfolio, and potentially benefit from capital growth and dividends.
3. Cryptocurrency: Trade popular cryptocurrencies like Bitcoin and Ethereum, as well as various altcoins, taking advantage of the crypto market's volatility.
4. Commodities: Speculate on the prices of commodities such as oil and gold, adding diversity to your trading options.
5. Indexes: Track the performance of major indices like the S&P 500, providing insight into overall market health.

Here is a comparison table of trading instruments offered by different brokers:

Account Types

ParadTrade offers a clear account structure. Instead of having various account names like Mini, Standard, or Premium, there is only one account type, making it easy to choose.

You can trade a wide range of instruments, including Forex, commodities, indices, cryptocurrencies, stock CFDs, and ETF CFDs. The maximum leverage is 1:1000, with low spreads and automated trading support on the WebTrader MT7 platform.

Account activation starts at just $5, and there are additional services available based on your account level. These services include 24/7 support, access to training materials, and personal manager support, among others.

How to Open an Account？

To open an account with ParadTrade, follow these steps.

1. Visit the ParadTrade website. Look for the “PERSONAL ACCOUNT” and “CREATE AN ACCOUNT” button on the homepage and click on it.

2. Sign up on websites registration page.

3.Receive your personal account login from an automated email

4.Log in

5.Proceed to deposit funds to your account

6.Download the platform and start trading

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)

In the Forex market, traders can access a wide range of currency pairs, including major, minor, and exotic pairs. The spreads in the Forex market are minimal, especially during peak market activity, with a commission of 0.3 pips per trade.

For cryptocurrency enthusiasts, ParadTrade offers opportunities to trade popular cryptocurrencies against the US Dollar. This includes cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and more. The commission for cryptocurrency trading is 0.1% of the transaction amount.

In addition to Forex and cryptocurrencies, ParadTrade offers trading in commodities, indices, stocks, and exchange-traded funds (ETFs). These assets cover a diverse range of options, allowing traders to create a well-rounded portfolio. The spreads and commissions for these instruments vary but remain in line with market standards.

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

ParadTrade offers a variety of user-friendly trading platforms to meet different traders' needs. The MT4 Platform is known for its ease of use and comprehensive features, making it suitable for both beginners and experienced traders. It provides various technical indicators and tools for effective market analysis.

The ParadTrade Web Platform is designed for convenient trading directly from web browsers like Chrome and Firefox. Its user-friendly interface ensures comfortable trading without the need for software downloads.

For traders on the go, there's the ParadTrade Mobile app available on Apple Store and Play Market. It offers quick access to accounts and the ability to trade from anywhere, ensuring traders never miss opportunities.

Educational Resources

ParadTrade offers educational resources to empower traders with knowledge and enhance their trading skills. One valuable resource is a comprehensive Glossary that provides traders with a reference guide to essential trading terms and terminology. In addition to the glossary, ParadTrade provides a Usage Video Course to further assist traders in mastering the intricacies of trading.

Trading Tools

A robust suite of tools offered by ParadTrade designed to empower traders in making informed decisions.

Market trends are illuminated through dedicated resources, enabling traders to capitalize on emerging opportunities. The Trader's Calculator provides essential metrics for risk management and position sizing. A comprehensive suite of technical analysis tools, including indicators and drawing tools, facilitates in-depth market analysis. To stay ahead of market movements, traders can leverage the Economic Calendar, which outlines key economic events and their potential impact.

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.

What trading platforms are available on ParadTrade？

ParadTrade offers the MT4 platform, a web-based platform, and a mobile app for trading convenience.

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.