Pedra broker Accounts

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

Part 1: pedra Account Types Explained

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: Basic trading features suitable for beginners.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

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 with lower spreads.
• Target User Profile: Intermediate to advanced traders.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

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 for professional traders.
• Target User Profile: Experienced traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account, no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Compliant with Sharia law, no interest fees.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Simulated spreads as per account type.
• Leverage Options: Same as live accounts.
• Key Features: Practice trading without risk, access to all trading features.
• Target User Profile: Beginners and traders wanting to test strategies.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: pedra Account Features Comparison

Detailed pedra Account Features

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:400

• Islamic: Up to 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: From 0.5 pips

• Islamic: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Lot Size:

• Standard: 1.0 lot

• ECN: 0.1 lot (micro), 1.0 lot (standard)

• Pro: 0.1 lot (micro), 1.0 lot (standard)

• Islamic: 1.0 lot

• 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: Market

• Islamic: Market

• Islamic Account Availability: Yes, available for Standard and Islamic accounts.

• Swap-Free Options: Available for Islamic accounts.

• Demo Account Features: Full access to trading features with virtual funds.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• User-friendly for beginners.

• ECN Account:

• Tight spreads.

• Direct market access.

• Suitable for scalpers and high-frequency traders.

• Pro Account:

• Enhanced trading conditions.

• Lower commission fees.

• Ideal for professional traders.

• Islamic Account:

• Compliant with Sharia law.

• No swap fees.

• Accessible to Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Practice strategies.

• Access to all trading features.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited features for advanced trading.

• ECN Account:

• Higher minimum deposit.

• Commission fees can add up.

• Pro Account:

• Higher minimum deposit.

• Not suitable for casual traders.

• Islamic Account:

• Limited to specific trading conditions.

• May not offer all features of standard accounts.

• Demo Account:

• Limited duration.

• No real money trading experience.

Part 3: pedra Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; specific restrictions may apply.
• Prohibited Countries: Countries under international sanctions may be restricted.
• Identity Verification Documents Needed: Government-issued ID (passport or driver's license).
• Proof of Residence Requirements: Utility bill or bank statement with the applicant's name and address.
• Additional Documentation for Professional Accounts: Proof of professional trading experience or qualifications may be required.

KYC/AML Compliance Procedures

• All applicants must complete Know Your Customer (KYC) verification to comply with Anti-Money Laundering (AML) regulations.

Verification Time Frames

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

Part 4: pedra Account Opening Process

Step-by-Step pedra Account Opening Guide

1. Visit Website and Click Registration: Navigate to the pedra website and select the registration 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 from the available options.
4. Set Trading Preferences: Indicate trading preferences, including leverage and trading instruments.
5. Document Upload: Upload required identity verification documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate the account.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

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

Common Registration Issues and Solutions

• Issue: Document upload errors.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes between 1-3 business days.

How to Upgrade/Downgrade Account Types

• Traders can request changes to their account type through the customer support portal, subject to the new account type's requirements.

Part 5: pedra Demo Account Guide

Demo Account Features and Benefits

• Access to all trading features without financial risk.
• Ability to practice trading strategies in real market conditions.

How to Open a Demo Account

• Select the demo account option during the registration process and follow the prompts.

Demo Account Limitations

• Limited duration (typically 30 days).
• Virtual funds may not reflect real market conditions.

Virtual Balance Amount

• The demo account usually comes with a virtual balance of $100,000.

Demo vs Live Account Differences

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

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days of inactivity.

Part 6: pedra Islamic Account Details

Swap-Free/Islamic Account Availability

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

Eligibility Requirements

• Must provide documentation confirming the need for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees and are structured to comply with Islamic finance principles.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process and provide necessary documentation.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions, including limitations on certain instruments.

FAQs – pedra Account Types & Opening

1. What account types does pedra offer？

• pedra 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 pedra account verification take？

• Verification typically takes 1-3 business days.

1. Does pedra offer demo accounts？

• Yes, pedra provides demo accounts for practice trading.

1. Can I have multiple account types with pedra？

• Yes, traders can open multiple account types as per their needs.

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

• Yes, Islamic accounts are available and comply with Sharia law.

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

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

1. Can I change my account type after registration？

• Yes, account types can be upgraded or downgraded through customer support.