Paras Share broker Accounts

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

Part 1: paras share Account Types Overview

paras share Account Types Explained

Paras share offers several account types tailored to different trading needs and preferences. Below is an overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: ₹5,000
• Spread/Commission Structure: Variable spreads starting from 1.5 pips; no commission.
• Leverage Options: Up to 1:100.
• Key Features: Basic trading tools, access to major currency pairs, and standard account management.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, and indices.

2. ECN Account

• Minimum Deposit Requirement: ₹15,000
• Spread/Commission Structure: Raw spreads starting from 0.1 pips; commission of ₹20 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: ₹50,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; commission of ₹10 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Advanced trading tools, priority customer support, and personalized account management.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and options.

4. Islamic Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Similar to Standard Account; no swap fees.
• Leverage Options: Up to 1:100.
• Key Features: Swap-free trading compliant with Islamic law.
• Target User Profile: Muslim traders seeking compliance with Sharia law.
• Trading Instruments Available: Forex and commodities.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:100.
• Key Features: Practice trading with virtual funds, access to all trading instruments.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Forex, commodities, and indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: paras share Account Features Comparison

Detailed paras share Account Features

The following table compares features across different account types:

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• Suitable for beginners.

• ECN Account:

• Tight spreads.

• Fast execution speeds.

• Ideal for scalping strategies.

• Pro Account:

• Advanced trading tools.

• Lower commission fees.

• Personalized support.

• Islamic Account:

• Compliant with Sharia law.

• No swap fees.

• Demo Account:

• Risk-free trading environment.

• Ideal for practice and strategy testing.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit.

• Commission fees may add to trading costs.

• Pro Account:

• High minimum deposit.

• More complex features may overwhelm beginners.

• Islamic Account:

• Limited availability of trading instruments.

• Demo Account:

• No real financial gain.

• Limited duration for practice.

Part 3: paras share Account Opening Requirements

paras share Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of India and select countries.
• Prohibited Countries: Residents from countries under international sanctions may be restricted.

Identity Verification Documents Needed

• Proof of Identity: Government-issued ID (Aadhar card, passport, etc.).
• Proof of Residence: Utility bill, bank statement, or lease agreement.

Additional Documentation for Professional Accounts

• Business Registration Documents: For corporate accounts.
• Financial Statements: May be required for institutional accounts.

KYC/AML Compliance Procedures

• Complete the Know Your Customer (KYC) process by submitting required documents.
• Anti-Money Laundering (AML) checks will be conducted.

Verification Time Frames

• Account verification typically takes 1 to 3 business days.

Part 4: paras share Account Opening Process

Step-by-Step paras share Account Opening Guide

1. Visit Website and Click Registration: Go to the official paras share website and select the account opening option.
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 your trading needs.
4. Set Trading Preferences: Specify trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identity and residence verification documents.
6. Account Verification: Wait for the verification process to be completed by the paras share team.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once your account is funded, you can start trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with mobile offering a more streamlined interface.

Common Registration Issues and Solutions

• Document Rejection: Ensure documents are clear and legible.
• Email Verification Issues: Check spam/junk folders for verification emails.

Average Account Approval Time

• Typically, account approval takes 1 to 3 business days.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of your account type.

Part 5: paras share Demo Account Information

paras share Demo Account Guide

Demo Account Features and Benefits

• Practice trading with virtual funds.
• Access to all trading instruments available in live accounts.
• No financial risk involved.

How to Open a Demo Account

• Select the demo account option on the paras share website and follow the registration process.

Demo Account Limitations

• Limited duration for practice (usually 30 days).
• No real financial gains from trading.

Virtual Balance Amount

• Typically offers a virtual balance of ₹1,000,000 for practice.

Demo vs Live Account Differences

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

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity.

Part 6: paras share Islamic Account Details

paras share Islamic Account Details

Swap-Free/Islamic Account Availability

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

Eligibility Requirements

• Must provide documentation confirming adherence to Islamic finance principles.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for Muslim traders.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process and submit required documentation.

Restrictions or Special Conditions

• Limited availability of certain trading instruments compared to standard accounts.

FAQs – paras share Account Types & Opening

1. What account types does paras share offer？

• Paras share offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: ₹5,000; ECN: ₹15,000; Pro: ₹50,000; Islamic: ₹10,000; Demo: N/A.

1. How long does paras share account verification take？

• Account verification typically takes 1 to 3 business days.

1. Does paras share offer demo accounts？

• Yes, paras share offers demo accounts for practice trading.

1. Can I have multiple account types with paras share？

• Yes, you can open multiple account types as per your trading needs.

1. Does paras share offer Islamic/swap-free accounts？

• Yes, paras share offers Islamic accounts that do not incur swap fees.

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

• Proof of identity and proof of residence 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.