Padmakshi broker Accounts

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

Part 1: padmakshi Account Types Overview

padmakshi Account Types Explained

Padmakshi offers a variety of account types tailored to different trading needs and profiles. Below are the primary account types available:

1. Standard Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Variable spreads starting from 2 pips
• Leverage Options: Up to 1:100
• Key Features: Basic trading tools, access to major currency pairs
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex, commodities

1. ECN Account

• Minimum Deposit Requirement: ₹25,000
• Spread/Commission Structure: Low spreads starting from 0.1 pips, commission of ₹20 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution
• Target User Profile: Experienced traders and scalpers
• Trading Instruments Available: Forex, commodities, indices

1. Pro Account

• Minimum Deposit Requirement: ₹50,000
• Spread/Commission Structure: Fixed spreads starting from 1 pip, lower commission rates
• Leverage Options: Up to 1:500
• Key Features: Advanced trading tools, priority customer support
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Islamic Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:100
• Key Features: Swap-free trading options
• Target User Profile: Traders seeking Sharia-compliant trading
• Trading Instruments Available: Forex, commodities

1. Demo Account

• Minimum Deposit Requirement: Virtual funds
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:100
• Key Features: Practice trading without risk, access to all trading instruments
• Target User Profile: Beginners and those testing strategies
• Trading Instruments Available: Forex, commodities, indices

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: padmakshi Account Features Comparison

Detailed padmakshi Account Features

When comparing padmakshi account types, the following features are crucial:

• Minimum Deposit:

• Standard: ₹10,000

• ECN: ₹25,000

• Pro: ₹50,000

• Islamic: ₹10,000

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:100

• ECN: 1:200

• Pro: 1:500

• Islamic: 1:100

• Spreads (Typical/Minimum):

• Standard: From 2 pips

• ECN: From 0.1 pips

• Pro: From 1 pip

• Islamic: Same as Standard

• Commission Fees:

• Standard: None

• ECN: ₹20 per lot

• Pro: Lower rates

• Islamic: None

• Lot Size:

• Standard: 1 lot

• ECN: 1 lot

• Pro: 1 lot

• Islamic: 1 lot

• Demo: 1 lot

• Available Trading Platforms:

• Standard: MT4

• ECN: MT4/MT5

• Pro: MT4/MT5

• Islamic: MT4

• Demo: MT4/MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market

• Islamic Account Availability: Yes for Islamic Account

• Swap-Free Options: Yes for Islamic Account

• Demo Account Features: Available for all types

• Advantages of Each Account Type:

• Standard: Low entry barrier, easy to use

• ECN: Low spreads, fast execution

• Pro: Advanced features, high leverage

• Islamic: Compliant with Sharia law

• Demo: Risk-free environment for practice

• Disadvantages of Each Account Type:

• Standard: Higher spreads

• ECN: Requires higher deposit

• Pro: Higher minimum deposit

• Islamic: Limited to certain instruments

• Demo: No real profit potential

Part 3: padmakshi Account Opening Requirements

padmakshi Account Registration Requirements

To open a padmakshi account, the following eligibility criteria must be met:

• Age Requirements: Minimum age of 18 years

• Geographic Restrictions: Available to residents of India and select countries

• Prohibited Countries: Specific countries may be restricted based on regulatory compliance

• Identity Verification Documents Needed:

• Government-issued ID (Aadhar, Passport, etc.)

• PAN Card

• Proof of Residence Requirements:

• Utility bill

• Bank statement

• Additional Documentation for Professional Accounts: Business registration documents, if applicable

• KYC/AML Compliance Procedures: All clients must complete KYC (Know Your Customer) and AML (Anti-Money Laundering) checks

• Verification Time Frames: Typically 1-3 business days

Part 4: padmakshi Account Opening Process

Step-by-Step padmakshi Account Opening Guide

1. Visit Website and Click Registration: Navigate to the padmakshi website and find the registration section.
2. Personal Information Entry: Fill in your personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type based on your trading needs.
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identity verification and proof of residence documents.
6. Account Verification: Wait for the verification process to be completed.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once your account is funded, you can begin trading.

• Desktop vs Mobile Registration Differences: The registration process is similar on both platforms, but mobile registration may have streamlined steps.
• Common Registration Issues and Solutions: Issues may include document rejection due to poor quality; ensure all documents are clear and legible.
• Average Account Approval Time: Generally, 1-3 business days.
• How to Upgrade/Downgrade Account Types: Contact customer support for assistance in changing your account type.

Part 5: padmakshi Demo Account Information

padmakshi Demo Account Guide

• Demo Account Features and Benefits: Allows users to practice trading strategies without financial risk, access to real market conditions.
• How to Open a Demo Account: Follow the same registration steps, selecting the demo account option.
• Demo Account Limitations: Limited to virtual funds and may have restricted access to certain features.
• Virtual Balance Amount: Typically starts with ₹1,000,000 in virtual funds.
• Demo vs Live Account Differences: Demo accounts do not involve real money; live accounts require actual deposits and trading.
• Duration/Expiry of Demo Accounts: Usually valid for 30 days, after which users may need to renew.

Part 6: padmakshi Islamic Account (if available)

padmakshi Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, padmakshi offers Islamic accounts.
• Eligibility Requirements: Must comply with Islamic finance principles.
• Differences from Standard Accounts: No swap fees applied; otherwise similar features.
• How to Apply for Islamic Account: Indicate preference during account registration or contact support.
• Restrictions or Special Conditions: Must adhere to Sharia-compliant trading practices.

FAQs – padmakshi Account Types & Opening

1. What account types does padmakshi offer？

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

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

• Standard: ₹10,000, ECN: ₹25,000, Pro: ₹50,000, Islamic: ₹10,000, Demo: Virtual funds.

1. How long does padmakshi account verification take？

• Verification typically takes 1-3 business days.

1. Does padmakshi offer demo accounts？

• Yes, padmakshi provides demo accounts for practice trading.

1. Can I have multiple account types with padmakshi？

• Yes, clients can hold multiple account types.

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

• Yes, Islamic accounts are available.

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

• Government-issued ID, PAN Card, and proof of residence.

1. Can I change my account type after registration？

• Yes, account types can be changed by contacting customer support.