PARRTD broker Accounts

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

Part 1: parrtd Account Types Overview

parrtd Account Types Explained

PARRTD offers a variety of account types tailored to meet the needs of different traders. Below is a detailed overview of each account type available:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Spreads from 1.0 pips, no commission
• Leverage Options: Up to 1:400
• Key Features: Basic trading tools, access to all trading instruments
• Target User Profile: Beginner to intermediate traders
• Trading Instruments Available: Forex, CFDs, commodities, cryptocurrencies

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Spreads from 0.0 pips, commission of $3 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, faster execution
• Target User Profile: Experienced traders and scalpers
• Trading Instruments Available: Forex, CFDs, commodities

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 0.5 pips, commission of $2 per lot
• Leverage Options: Up to 1:100
• Key Features: Advanced trading tools, priority customer support
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Forex, CFDs, commodities, indices

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:400
• Key Features: Swap-free trading in compliance with Sharia law
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, CFDs, commodities, cryptocurrencies

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:400
• Key Features: Practice trading with virtual funds, access to all trading instruments
• Target User Profile: Beginners and traders looking to test strategies
• Trading Instruments Available: Forex, CFDs, commodities, cryptocurrencies

Recommended Account Types by Trader Level

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

Part 2: parrtd Account Features Comparison

Detailed parrtd Account Features

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit
• No commission fees
• Ideal for beginners
• Disadvantages:
• Higher spreads compared to ECN accounts

ECN Account

• Advantages:
• Tight spreads
• Direct market access
• Suitable for scalping
• Disadvantages:
• Higher minimum deposit
• Commission fees apply

Pro Account

• Advantages:
• Lower commission fees
• Advanced trading tools
• Priority support
• Disadvantages:
• Higher minimum deposit
• Limited leverage

Islamic Account

• Advantages:
• Compliant with Sharia law
• No swap fees
• Disadvantages:
• Limited availability for non-Muslim traders

Demo Account

• Advantages:
• Risk-free trading
• Access to all features
• Disadvantages:
• Virtual funds only

Part 3: parrtd Account Opening Requirements

parrtd Account Registration Requirements

• Eligibility Criteria:
• Age Requirements: Must be at least 18 years old
• Geographic Restrictions: Available globally, but may be restricted in certain jurisdictions
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID)
• Proof of residence (utility bill or bank statement)
• Proof of Residence Requirements:
• Recent document showing name and address
• Additional Documentation for Professional Accounts:
• Proof of trading experience or financial status may be required

KYC/AML Compliance Procedures

PARRTD adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to verify their identity and address before trading.

Verification Time Frames

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

Part 4: parrtd Account Opening Process

Step-by-Step parrtd Account Opening Guide

1. Visit the Website and Click Registration: Go to the PARRTD homepage and select the registration option.
2. Personal Information Entry: Fill out the registration form with your personal details.
3. Choose Account Type: Select the type of account you wish to open.
4. Set Trading Preferences: Indicate your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the account to be verified by PARRTD's compliance team.
7. Fund Your Account: Once verified, fund your account using your preferred payment method.
8. Start Trading: Access your trading platform and begin trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, though the mobile interface may have a simplified layout.

Common Registration Issues and Solutions

• Issue: Document upload failure
• Solution: Ensure documents are clear and in the correct format (PDF, JPEG).
• Issue: Account verification delays
• Solution: Contact customer support for assistance.

Average Account Approval Time

The average account approval time is 1-3 business days, depending on the completeness of the submitted documents.

How to Upgrade/Downgrade Account Types

To change your account type, contact PARRTD customer support for guidance on the process and any necessary documentation.

Part 5: parrtd Demo Account Information

parrtd Demo Account Guide

• Demo Account Features and Benefits:
• Access to all trading instruments with virtual funds
• Practice trading strategies without risk
• How to Open a Demo Account:
• Select the demo account option on the registration page and follow the prompts.
• Demo Account Limitations:
• Limited to virtual funds and may have a time limit for use.
• Virtual Balance Amount:
• Typically starts with a virtual balance of $10,000.
• Demo vs Live Account Differences:
• Demo accounts use virtual funds, while live accounts require real money deposits.
• Duration/Expiry of Demo Accounts:
• Demo accounts may expire after 30 days unless extended by customer support.

Part 6: parrtd Islamic Account (if available)

parrtd Islamic Account Details

• Swap-Free/Islamic Account Availability:
• Yes, PARRTD offers Islamic accounts that comply with Sharia law.
• Eligibility Requirements:
• Must be a Muslim trader to qualify for an Islamic account.
• Differences from Standard Accounts:
• Islamic accounts do not incur swap fees.
• How to Apply for Islamic Account:
• Select the Islamic account option during the registration process.
• Restrictions or Special Conditions:
• Islamic accounts may have specific trading conditions that differ from standard accounts.

FAQs – parrtd Account Types & Opening

1. What account types does parrtd offer？

• PARRTD 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: $100, Demo: N/A.

1. How long does parrtd account verification take？

• Account verification typically takes 1-3 business days.

1. Does parrtd offer demo accounts？

• Yes, PARRTD offers demo accounts for practice trading.

1. Can I have multiple account types with parrtd？

• Yes, you can open multiple account types.

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

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

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

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

1. Can I change my account type after registration？

• Yes, you can contact customer support to change your account type.