PEtrades broker Accounts

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

Part 1: petrades Account Types Overview

petrades Account Types Explained

PEtrades offers several account types to cater to different trading needs and styles. Below is a comprehensive overview 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 a wide range of 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: Spreads from 0.0 pips; commission of $5 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access; suitable for high-frequency trading.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, and indices.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 0.1 pips; commission of $3 per lot.
• Leverage Options: Up to 1:400.
• Key Features: Enhanced trading conditions; priority execution.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. Islamic Account

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

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Similar to the Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading without financial risk; access to all trading instruments.
• Target User Profile: Beginners and those looking to test strategies.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: petrades Account Features Comparison

Detailed petrades Account Features

The following features are compared across different account types at petrades:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:400

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: From 0.1 pips

• Islamic: From 1.0 pips

• Demo: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: $5 per lot

• Pro: $3 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Micro, Mini, Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• All account types: MT4, MT5, proprietary platform.

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Available for Standard and Islamic accounts.

• Swap-Free Options:

• Available for Islamic accounts.

• Demo Account Features:

• Virtual trading with real market conditions.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• Suitable for beginners.

• ECN Account:

• Tight spreads.

• Direct market access.

• Ideal for scalping.

• Pro Account:

• Low commission fees.

• Enhanced trading conditions.

• Suitable for professional traders.

• Islamic Account:

• Compliant with Sharia law.

• No overnight interest.

• Available for all trading instruments.

• Demo Account:

• Risk-free trading.

• Practice strategies.

• Access to all 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 apply.

• Pro Account:

• High minimum deposit.

• Commission fees apply.

• Islamic Account:

• Limited availability in some regions.

• May have restrictions on certain trading instruments.

• Demo Account:

• Virtual funds only.

• Limited duration.

Part 3: petrades Account Opening Requirements

petrades Account Registration Requirements

To open an account with petrades, potential traders must meet the following 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 photo ID (passport or drivers license).
• Proof of address (utility bill or bank statement).
• Proof of Residence Requirements: Must provide a document showing current address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

PEtrades follows strict 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: petrades Account Opening Process

Step-by-Step petrades Account Opening Guide

1. Visit Website and Click Registration: Go to the official petrades website and click on the "Register" button.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the account type that suits your trading needs.
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Once verified, deposit funds into your trading 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, with mobile users benefiting from a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Not receiving verification email.
• Solution: Check spam/junk folder or request a new verification email.
• Issue: Document upload errors.
• Solution: Ensure documents are clear and meet the required specifications.

Average Account Approval Time

Typically, account approval takes 1-3 business days, depending on the completeness of the submitted documentation.

How to Upgrade/Downgrade Account Types

Traders can request to change their account type through the client portal or by contacting customer support.

Part 5: petrades Demo Account Information

petrades Demo Account Guide

The demo account at petrades offers a risk-free environment for traders to practice their strategies.

• Demo Account Features and Benefits:

• Access to all trading instruments.

• Virtual funds to simulate real trading conditions.

• Ideal for beginners to learn trading without financial risk.

• How to Open a Demo Account:

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

• Fill in the required information and create your demo account.

• Demo Account Limitations:

• Limited duration (typically 30 days).

• Virtual funds only.

• Virtual Balance Amount:

• Typically $100,000 in virtual funds.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds; live accounts involve real money.

• Live accounts have real market conditions and execution speeds.

• Duration/Expiry of Demo Accounts:

• Demo accounts typically expire after 30 days of inactivity.

Part 6: petrades Islamic Account (if available)

petrades Islamic Account Details

PEtrades offers an Islamic account option for traders who require a swap-free trading environment.

• Swap-Free/Islamic Account Availability: Yes, available for Standard and Islamic accounts.
• Eligibility Requirements: Must provide documentation confirming the need for an Islamic account.
• Differences from Standard Accounts: No overnight interest; similar trading conditions as the Standard account.
• How to Apply for Islamic Account: Select the Islamic account option during registration or contact customer support.
• Restrictions or Special Conditions: Must comply with Sharia law; certain trading instruments may be restricted.

FAQs – petrades Account Types & Opening

1. What account types does petrades offer？

• PEtrades 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 petrades account verification take？

• Typically, 1-3 business days.

1. Does petrades offer demo accounts？

• Yes, a demo account is available for practice trading.

1. Can I have multiple account types with petrades？

• Yes, traders can open multiple account types.

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

• Yes, Islamic accounts are available.

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

• A government-issued photo ID and proof of address.

1. Can I change my account type after registration？

• Yes, you can request to change your account type through the client portal.