PATERSON broker Accounts

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

Part 1: paterson Account Types Overview

paterson Account Types Explained

Patterson offers several account types tailored to different trading needs and profiles. Heres a breakdown of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips, no commission.
• Leverage Options: Up to 1:500.
• Key Features: Ideal for beginners, access to all trading instruments.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips, commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, suitable for scalpers.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips, commission of $2 per lot.
• Leverage Options: Up to 1:400.
• Key Features: Enhanced trading conditions, priority execution.
• Target User Profile: Professional traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, but swap-free.
• Leverage Options: Up to 1:200.
• Key Features: Complies with Sharia law, no swap fees.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Same as Standard account.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading without risk, access to all trading tools.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginner: Standard Account
• Intermediate: Pro Account
• Advanced: ECN Account
• Muslim Traders: Islamic Account
• Testing Strategies: Demo Account

Part 2: paterson Account Features Comparison

Detailed paterson Account Features

Heres a detailed comparison of features across different account types:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $500

• Demo: N/A

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:400

• Islamic: 1:200

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: From 0.5 pips

• Islamic: Similar to Standard

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: N/A

• Demo: N/A

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Mini, Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: No

• ECN: No

• Pro: No

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Standard: No

• ECN: No

• Pro: No

• Islamic: Yes

• Demo: No

• Demo Account Features:

• Virtual balance, access to all trading instruments, practice trading strategies.

Advantages and Disadvantages of Each Account Type

Standard Account:

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

ECN Account:

• Advantages:
• Low spreads.
• Direct market access.
• Ideal for scalpers.
• Disadvantages:
• Higher minimum deposit.
• Commission fees apply.

Pro Account:

• Advantages:
• Enhanced trading conditions.
• Lower commission fees.
• Disadvantages:
• Higher minimum deposit.

Islamic Account:

• Advantages:
• Complies with Sharia law.
• No swap fees.
• Disadvantages:
• Limited availability.

Demo Account:

• Advantages:
• Risk-free practice.
• Access to all trading tools.
• Disadvantages:
• Virtual funds only.

Part 3: paterson Account Opening Requirements

paterson Account Registration Requirements

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

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries, specific restrictions may apply.
• Prohibited Countries: Countries under international sanctions may be restricted.
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license).
• Social Security Number (for U.S. residents).
• Proof of Residence Requirements:
• Recent utility bill or bank statement with your name and address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks during the registration process.

Verification Time Frames

• Account verification typically takes 1-3 business days.

Part 4: paterson Account Opening Process

Step-by-Step paterson Account Opening Guide

1. Visit Website and Click Registration: Go to the official paterson website.
2. Personal Information Entry: Fill out your personal details, including name, address, and contact information.
3. Choose Account Type: Select the desired account type based on your trading needs.
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload required identity verification and proof of residence documents.
6. Account Verification: Wait for the verification team to review your application.
7. Fund Your Account: Once approved, deposit the minimum required amount to activate your account.
8. Start Trading: Access your account and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but the mobile interface may have simplified forms.

Common Registration Issues and Solutions

• Issue: Document not accepted.
• Solution: Ensure documents are clear and legible.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes 1-3 business days, depending on the volume of applications.

How to Upgrade/Downgrade Account Types

• Users can request changes to their account type through the customer support portal after logging into their account.

Part 5: paterson Demo Account Information

paterson Demo Account Guide

• Demo Account Features and Benefits:

• Allows traders to practice without financial risk.

• Access to real market conditions with virtual funds.

• How to Open a Demo Account:

• Visit the paterson website and select the demo account option.

• Fill out the registration form and submit.

• Demo Account Limitations:

• Limited to virtual funds.

• May have a time limit on usage.

• Virtual Balance Amount:

• Typically, demo accounts come with a virtual balance of $100,000.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds, while live accounts require real money deposits.

• Duration/Expiry of Demo Accounts:

• Demo accounts usually remain active for 30 days, but this can vary based on the provider.

Part 6: paterson Islamic Account (if available)

paterson Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, paterson offers Islamic accounts.
• Eligibility Requirements: Must comply with Sharia law.
• Differences from Standard Accounts: No swap fees applied.
• How to Apply for Islamic Account: Select the Islamic account option during registration.
• Restrictions or Special Conditions: Must provide documentation confirming eligibility for an Islamic account.

FAQs – paterson Account Types & Opening

1. What account types does paterson offer？

• 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: $500, Demo: N/A.

1. How long does paterson account verification take？

• Typically 1-3 business days.

1. Does paterson offer demo accounts？

• Yes, paterson provides demo accounts for practice trading.

1. Can I have multiple account types with paterson？

• Yes, users can open multiple accounts.

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

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

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

• Government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.