Pace broker Accounts

pace Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: pace Account Types Overview

pace Account Types Explained

PACE offers a variety of account types tailored to different trading needs and preferences. Below is a comprehensive overview of each account type available:

Recommended account types by trader level

• Beginners: Standard Account
• Intermediate: ECN Account
• Advanced: Pro Account
• Muslim Traders: Islamic Account
• Practice: Demo Account

Part 2: pace Account Features Comparison

Detailed pace Account Features

The following table compares key features across different pace account types:

Advantages of each account type

• Standard Account:
• Low minimum deposit
• Suitable for beginners
• Access to a wide range of instruments
• ECN Account:
• Direct market access
• Lower spreads
• Ideal for high-frequency trading
• Pro Account:
• Fixed spreads for predictable costs
• Enhanced customer support
• Suitable for professional traders
• Islamic Account:
• Compliant with Islamic finance principles
• No swap fees
• Demo Account:
• Risk-free trading environment
• Practice with virtual funds
• Ideal for testing strategies

Disadvantages of each account type

• Standard Account:
• Higher spreads compared to ECN
• ECN Account:
• Higher minimum deposit
• Commission fees may apply
• Pro Account:
• Higher minimum deposit
• Not suitable for casual traders
• Islamic Account:
• Limited to Muslim traders
• Demo Account:
• No real profits can be made
• Limited duration before expiry

Part 3: pace Account Opening Requirements

pace Account Registration Requirements

To open a pace account, prospective traders must meet the following eligibility criteria:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Availability may vary by country; check with pace for specific restrictions.
• Prohibited Countries: Certain jurisdictions may be restricted; verify with pace.
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Must provide a document showing current address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Verification may include identity checks and source of funds verification.

Verification Time Frames

• Account verification typically takes between 1 to 3 business days, depending on the completeness of the submitted documents.

Part 4: pace Account Opening Process

Step-by-Step pace Account Opening Guide

1. Visit Website and Click Registration: Go to the pace trading platform and find the registration link.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type based on trading preferences.
4. Set Trading Preferences: Indicate leverage preferences and trading strategies.
5. Document Upload: Upload required identity verification documents.
6. Account Verification: Wait for the pace team to verify submitted documents.
7. Fund Your Account: Once verified, deposit funds into your trading account.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but mobile users may experience a streamlined interface.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are in the correct format and size.
• Issue: Account verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• The average account approval time is between 1 to 3 business days, depending on the completeness of the application.

How to Upgrade/Downgrade Account Types

• Traders can request to change their account type through the customer support portal or account management section on the website.

Part 5: pace Demo Account Information

pace Demo Account Guide

• Demo Account Features and Benefits:

• Access to the full range of trading instruments.

• Practice trading strategies without financial risk.

• Real-time market conditions simulated.

• How to Open a Demo Account:

• Visit the pace website and select the demo account option.

• Fill in the required information and submit the application.

• Demo Account Limitations:

• Limited duration (typically 30 to 90 days).

• Virtual funds only, no real profits.

• Virtual Balance Amount:

• Typically provided with a virtual balance of $10,000 or more.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds, while live accounts involve real money.

• Live accounts may incur trading fees and commissions.

• Duration/Expiry of Demo Accounts:

• Demo accounts usually expire after 30 to 90 days of inactivity.

Part 6: pace Islamic Account (if available)

pace Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Yes, pace offers Islamic accounts that comply with Sharia law.

• Eligibility Requirements:

• Must be a practicing Muslim.

• Must provide documentation to verify religious compliance.

• Differences from Standard Accounts:

• No swap fees applied to overnight positions.

• Similar trading conditions to standard accounts otherwise.

• How to Apply for Islamic Account:

• Select the Islamic account option during the registration process and provide necessary documentation.

• Restrictions or Special Conditions:

• Must adhere to Islamic finance principles; no interest-bearing transactions.

FAQs – pace Account Types & Opening

1. What account types does pace offer？

• pace offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $100, ECN: $500, Pro: $1,000, Islamic: $500, Demo: $0.

1. How long does pace account verification take？

• Verification typically takes 1 to 3 business days.

1. Does pace offer demo accounts？

• Yes, pace offers demo accounts for practice trading.

1. Can I have multiple account types with pace？

• Yes, traders can open multiple account types based on their needs.

1. Does pace offer Islamic/swap-free accounts？

• Yes, pace provides Islamic accounts that are swap-free.

1. What documents do I need to open a pace account？

• A government-issued ID and proof of address are required.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.