Rating Index

Pros

Competitive spreads starting from 0.0 pips and leverage up to 1:400.

Offers a user-friendly MetaTrader 5 platform accessible on multiple devices.

Client funds are kept in segregated accounts, enhancing security.

Cons

Park Money is an unregulated broker, which may pose risks for traders.

Limited educational resources and market analysis tools compared to some competitors.

Customer support is only available 24/5, which may not meet the needs of all traders.

ParkMoney broker Accounts

Park Money Account Type

Park Money offers a variety of trading account types tailored to meet the diverse needs of traders at different experience levels. The available account types include:

Standard Account

Minimum Deposit: $100
Execution Type: STP
Minimum Trade Size: 0.1 lot
Forex Leverage: Up to 400:1
CFDs Leverage: Up to 200:1
Spreads: From 1.8 pips
Commission: $0

Professional Account

Minimum Deposit: $10,000
Execution Type: STP
Minimum Trade Size: 0.1 lot
Forex Leverage: Up to 400:1
CFDs Leverage: Up to 200:1
Spreads: From 1.8 pips
Commission: $0

Corporate Account

Minimum Deposit: $100,000
Execution Type: STP
Minimum Trade Size: 0.1 lot
Forex Leverage: Up to 400:1
CFDs Leverage: Up to 200:1
Spreads: From 1.8 pips
Commission: $0

These account types are designed to provide traders with the flexibility and support they need to succeed in the forex market.

Park Money Broker Account Opening Process

Opening an account with Park Money is a straightforward process that can be completed in just a few steps:

Log In: Access the Park Money website and log in to the members area.
Select Account Type: Choose the type of account you wish to open based on your trading needs and experience level.
Fill Out Application: Complete the application form by providing your personal information, including your name, address, and identification details.
Fund Your Account: Deposit funds into your trading account. The minimum deposit for a Standard Account is $100. You can use various payment methods, including credit cards, bank wire transfers, and e-wallet services.
Confirmation: After your deposit is processed, you will receive confirmation, and your funds will be updated in your trading account.
Start Trading: Once your account is funded, you can start trading on the Park Money platform.

For more detailed information on the account types and the opening process, you can visit Park Money and Deposit & Withdrawals.