Paremore broker Accounts

Paremore Account Type

Paremore offers a variety of trading account types to cater to different trading needs and preferences. The main account types include:

Standard Account: This account is designed for experienced traders, providing access to higher leverage and larger lot sizes. Typically, it requires a minimum deposit of $2,000.
Mini Account: Aimed at beginner traders, this account allows trading in smaller lot sizes of $10,000. The minimum deposit is generally between $250 and $500, making it more accessible for those new to trading.
Managed Account: For those who prefer a hands-off approach, managed accounts are available. These accounts are managed by professional traders, and investors can set their risk tolerance and profit goals. Minimum investments usually start at $2,000 for pooled accounts.
Micro Account: This account allows trading in even smaller increments, with lot sizes of $1,000. It can be opened with as little as $25, making it ideal for those with limited funds or experience.

Opening a broker account with Paremore involves a straightforward process that can be completed in just a few steps:

Select Account Type: Choose the account type that best fits your trading style and experience level. Consider factors such as minimum deposit requirements and leverage options.
Complete Application: Fill out the online application form, providing necessary personal information such as your name, address, social security number, and employment details.
Verification: Submit any required identification documents for verification purposes. This may include a government-issued ID and proof of address.
Fund Your Account: Once your application is approved, you will need to fund your account. This can typically be done through electronic transfer from your bank account or by mailing a check.
Start Trading: After funding your account, you can begin trading. It's advisable to utilize demo accounts offered by Paremore to practice trading strategies without risking real money.