English

ParadTrade Forex broker specializes in providing foreign exchange trading services, the company's official website https://paradtrade.c..., the company's legitimate regulatory information ComorosMISARetail Forex License to enhance the security of the company's address Bonovo Road, Fomboni, Comoros Union

ParadTrade Forex Broker

Basic Information

Registered Region

Comoros

Operating Period

Company Name

Paradice trade LTD

Abbreviation

ParadTrade

Company employee

Customer Service Email Address

support@paradtrade.com

Contact Number

+442081575550

Company Website

https://paradtrade.com/en

Company address

Bonovo Road, Fomboni, Comoros Union

Facebook

https://www.facebook.com/ParadTrade/

Keywords

2-5 years

Regulated in Comoros

Retail Forex License

Suspicious Scope of Business

Medium potential risk

Offshore Regulated

Company profile

Company NameParadTradeFounded2019HeadquartersPragueRegulationsMwali International Services Authority (MISA)Tradable AssetsForex, Stocks, Cryptocurrency, Commodities, IndexesAccount TypesOne simplified account typeMinimum Deposit$5Maximum Leverage1:1000Spreads0.3 pips per trade in ForexCommissionVaries (0.1% for cryptocurrency trading)Deposit MethodsCredit card, bank wire, eWallets, cryptocurrencyTrading PlatformsParadTrade Web Platform, ParadTrade MobileCustomer SupportPhone, EmailEducation ResourcesGlossary, Usage Video CourseBonus OfferingsDeposit Bonus, Invite a FriendParadTrade Information ParadTrade, founded in 2019 and headquartered in Prague, provides opportunities to trade various tradable assets encompassing forex, stocks, cryptocurrencies, commodities, and indices. With a low $5 minimum deposit and up to 1:1000 leverage, ParadTrade makes trading products accessible to a broad spectrum of traders. To enhance the trading experience, ParadTrade provides MT4, web, and mobile platforms. Comprehensive customer support, educational resources, and bonus incentives complement the core trading offerings.Is ParadTrade Legit? ParadTrade is regulated in Comoros, and authorized by the Mwali International Services Authority (MISA) under license no. BFX2024133.Pros and Cons On the positive side, it offers a simplified account structure, allowing traders to focus on their investments without the complexity of multiple account types. It provides access to a diverse range of tradable assets, including Forex, stocks, cryptocurrencies, commodities, and indexes. The availability of a high maximum leverage of 1:1000 can be appealing to traders seeking amplified positions. Furthermore, ParadTrade offers educational resources and bonus opportunities. However, the absence of regulation can raise concerns about fund security and transparency, potentially limiting options for dispute resolution.ProsConsSimplified AccountsLimited Dispute Resolution OptionsDiverse Tradable AssetsPotential Fund Security ConcernsHigh Maximum LeverageBonus OpportunitiesTrading Instruments ParadTrade offers a diverse range of tradable products across various international financial markets, including:Forex: Trade major and minor currency pairs.Stocks: Invest in a wide selection of global equities.Commodities: Access markets for essential raw materials and commodities.Cryptocurrency: Trade popular digital currencies with competitive conditions. Account Types ParadTrade offers 6 variety of account types. The Demo Account is ideal for beginners, featuring $10,000 in virtual funds, no minimum deposit, leverage of 1:500, and spreads from 0.00003 pips, with no commissions and a stop-out level of 25%. The Standard Account is the most popular option, requiring just a $5 minimum deposit and providing similar conditions. For competitive pricing, the Interbank Account demands a $5,000 minimum deposit, offers leverage of 1:200, spreads from 0.0 pips, and a commission of 0.3 pips. For experienced traders, the ECNParad Account allows scalping with a $3,000 minimum deposit, leverage of 1:1000, spreads from 0.0 pips, and a commission of 0.6 pips. The FixedParad Account provides fixed spreads for stability, requiring a $3,000 minimum deposit and offering leverage of 1:1000 with spreads starting from 0.0001 pips and no commissions. Finally, the CryptoParad Account is tailored for cryptocurrency trading, needing a $5,000 minimum deposit, with leverage of 1:200, spreads from 0.0001 pips, and a commission of 0.3 pips.Leverage ParadTrade provides traders with the flexibility to choose their desired leverage levels. The maximum leverage available at ParadTrade is 1:1000. Leverage is a powerful tool that allows traders to control larger positions in the market with a relatively smaller amount of capital.BrokerParadTradeIGTickmillRoboForexMaximum Leverage1:10001:2001:5001:2000Spreads and Commissions (Trading Fees) The Demo and Standard Accounts are ideal for beginners, featuring competitive spreads starting from 0.00003 pips with no commissions. For those seeking more competitive pricing, the Interbank Account provides spreads from 0.0 pips, accompanied by a commission of 0.3 pips. The ECNParad Account, designed for experienced scalpers, also offers spreads from 0.0 pips but with a higher commission of 0.6 pips. In contrast, the FixedParad Account provides stability with fixed spreads starting at 0.0001 pips and no commission. Finally, the CryptoParad Account is specifically for cryptocurrency trading, featuring spreads from 0.0001 pips and a commission of 0.3 pips. Account TypeSpreadCommissionDemo AccountFrom 0.00003 pipsNoneStandard AccountFrom 0.00003 pipsNoneInterbank AccountFrom 0.0 pips0.3 pipsECNParad AccountFrom 0.0 pips0.6 pipsFixedParad AccountFrom 0.0001 pips (fixed)NoneCryptoParad AccountFrom 0.0001 pips0.3 pips Deposit & Withdraw Methods ParadTrade offers a range of convenient methods for both depositing and withdrawing funds from your trading account. These methods include credit card payments, bank wire transfers, eWallets, and cryptocurrency transactions. The minimum deposit is $5.Trading Platforms The ParadTrade web platform offers an intuitive interface, ensuring a seamless experience across popular browsers like Chrome, Opera, and Mozilla Firefox. Designed for ease of use, it allows traders to manage trades and analyze market data efficiently. Bonus ParadTrade offers enticing bonuses to its clients, providing them with added value and opportunities to boost their trading capital. Deposit Bonus: Clients of ParadTrade have the chance to benefit from deposit bonuses. As per the terms of this promotion, clients can receive a bonus credited to their trading account for each deposit they make. Here's how it works: Upon opening a trading account, clients can replenish their account multiple times. For example, if they deposit $500, they receive a 25% bonus, which amounts to $125.Initial Deposit RangeBonus Percentage$500 - $99925%$1,000 - $4,99950%$5,000 - $9,99975%Over $10,000100% Invite a Friend: ParadTrade also offers clients the opportunity to earn rewards without actively trading. Clients can invite friends and acquaintances to join ParadTrade through various means, such as social networks, personal blogs, or direct referrals. For every new client referred, the existing client can receive up to 15% of the amount of their friend's first deposit as a commission.Customer Support Traders can reach out to the support team via phone at +420488102480 during business hours. For written inquiries and assistance, traders can email support@paradtrade.com, and the support team will respond to their queries promptly. Customer support is available from Monday to Friday, providing assistance from 9:00 AM to 7:00 PM.FAQs What is the minimum deposit required to open an account with ParadTrade? The minimum deposit to open an account with ParadTrade is $5. How can I contact ParadTrade's customer support? You can reach ParadTrade's customer support via phone at +420488102480 during business hours or by emailing support@paradtrade.com. Does ParadTrade offer bonuses? Yes, ParadTrade provides bonus opportunities, including a deposit bonus and a referral program for clients.

ParadTrade broker review

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Rating Index

How to login to ParadTrade?

paradtrade Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a paradtrade Account Registering for a paradtrade account is the first step to accessing their trading platform. Below are the detailed steps to complete the r

Paradtrade Forex Broker - Comprehensive Information Guide

1. Broker Overview

　　Paradtrade, officially known as Paradice Trade Ltd, was founded in 2019. The company is headquartered in Prague, Czech Republic, with additional offices reported in London and Saint Vincent and the Grenadines. Paradtrade operates as a private entity, providing trading services primarily to retail clients across various international markets.

　　Since its inception, Paradtrade has aimed to establish itself in the financial sector, transitioning from its initial focus on luxury real estate. The broker claims to offer a diverse range of trading instruments and services, including forex, stocks, cryptocurrencies, commodities, and indices. The company has positioned itself as a broker that caters to a wide array of clients, from novice investors to experienced traders.

　　Despite its claims of being regulated, Paradtrade lacks a valid broker license. It presents a certificate from the International Financial Market Relations Regulation Center (IFMRRC), which is not recognized as a legitimate financial regulator. This raises concerns about the safety and security of client funds. Therefore, it is essential for potential clients to consider the risks associated with trading through unregulated entities.

　　Overall, Paradtrade operates under a retail forex business model, targeting individual traders looking for access to various financial markets. However, due to its questionable regulatory status, the safety of investments with this broker is a significant concern.

2. Regulatory and Compliance Information

　　Paradtrade claims to be regulated by the Mwali International Services Authority (MISA) in Comoros, holding a license number BF X 2024133. However, this regulation is often viewed as insufficient due to the offshore nature of the jurisdiction, which has minimal oversight compared to more established financial regulatory bodies.

　　The validity and scope of the MISA license are questionable, as it does not provide the same level of investor protection as regulators from onshore jurisdictions. Furthermore, there is no evidence that Paradtrade participates in any investor compensation schemes, which would typically protect clients' funds in the event of a broker insolvency.

　　Paradtrade's compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations is also unclear. While the broker may have some procedures in place, the lack of stringent regulatory oversight raises concerns about the effectiveness of these measures.

　　In summary, Paradtrade operates under a regulatory framework that is not robust, posing potential risks to clients regarding the security of their investments and the transparency of the broker's operations.

3. Trading Products and Services

　　Paradtrade offers a variety of trading products, primarily focusing on the following categories:

Forex: The broker provides access to numerous currency pairs, including major and minor pairs. However, the exact number of forex pairs available is not specified.
CFDs: Traders can engage in Contract for Difference (CFD) trading across various asset classes, including:
Indices: Access to major global indices.
Commodities: Trading opportunities in essential raw materials and commodities.
Stocks: A selection of global equities for investment.
Cryptocurrencies: Trading in popular digital currencies.

　　Paradtrade claims to support over 1,500 trading instruments, allowing clients to diversify their portfolios effectively. However, the frequency of product updates and the introduction of new trading instruments remain unclear.

　　The broker primarily serves retail clients, providing them with trading services that include educational resources, market analysis, and trading tools. Institutional services and white-label solutions are not explicitly mentioned, indicating that Paradtrade may focus primarily on retail trading.

4. Trading Platforms and Technology

　　Paradtrade supports the MetaTrader 4 (MT4) platform, a widely recognized trading platform known for its user-friendly interface and comprehensive trading features. Additionally, Paradtrade has developed its own proprietary trading platforms, including MT7 and Paradtrade Mobile, which cater to desktop and mobile users.

　　The broker offers a web-based trading platform that is compatible with popular browsers such as Chrome, Opera, and Mozilla Firefox. This platform is designed for ease of use, enabling traders to manage their trades and analyze market data efficiently.

　　Paradtrade operates an ECN execution model, which is beneficial for traders seeking direct market access. The broker's server locations and technological infrastructure details are not explicitly provided, which may raise questions about the reliability and speed of trade execution.

　　Moreover, the broker does not mention support for API access or automated trading, which could limit options for algorithmic traders.

5. Account Types and Trading Conditions

　　Paradtrade offers a simplified account structure, which includes:

Standard Account: Requires a minimum deposit of $5, with competitive spreads starting from 0.00003 pips and no commissions.
Demo Account: Ideal for beginners, featuring $10,000 in virtual funds, no minimum deposit, and leverage of 1:500.

　　The broker also provides various account types tailored to different trading needs, including:

Interbank Account: Requires a minimum deposit of $5,000, offering spreads from 0.0 pips and a commission of 0.3 pips.
ECN Parad Account: Designed for experienced traders, requiring a minimum deposit of $3,000, with leverage of 1:1000 and spreads from 0.0 pips.
Fixed Parad Account: Offers fixed spreads for stability, requiring a minimum deposit of $3,000.
Crypto Parad Account: Tailored for cryptocurrency trading, needing a minimum deposit of $5,000.

　　The maximum leverage available at Paradtrade is 1:1000, which may attract traders seeking higher exposure. However, the minimum trade size and overnight fee policies are not clearly defined.

6. Fund Management

　　Paradtrade provides a range of deposit and withdrawal methods, including:

Deposit Methods: Credit cards, bank wire transfers, e-wallets, and cryptocurrency transactions are accepted. The minimum deposit requirement is $5 for standard accounts.
Deposit Processing Time: Deposits are generally processed instantly for credit card transactions and may take up to 24 hours for cryptocurrency transactions.
Withdrawal Methods: Clients can withdraw funds through similar methods, although specific withdrawal limits and processing times are not disclosed.
Withdrawal Fees: The broker does not provide a detailed fee structure for withdrawals, which may vary depending on the method used.

　　Overall, the lack of transparency regarding withdrawal processes and fees may raise concerns for potential clients.

7. Customer Support and Educational Resources

　　Paradtrade offers customer support through various channels, including:

Support Channels: Clients can reach out via phone, email, online chat, and social media platforms.
Service Hours: Customer support is available from 9:00 AM to 7:00 PM, Monday to Friday.
Multilingual Support: The broker reportedly supports multiple languages, enhancing accessibility for a diverse client base.

　　Educational resources provided by Paradtrade include webinars, tutorials, and e-books aimed at helping traders improve their skills and market knowledge. Additionally, the broker offers market analysis services, such as daily analyses, news updates, and research reports.

　　Trading tools, including calculators and economic calendars, are also available to assist clients in making informed trading decisions.

8. Regional Coverage and Restrictions

　　Paradtrade primarily serves clients in various international markets, with a focus on retail traders. However, specific information regarding regional offices and the distribution of services is limited.

　　The broker does not accept clients from certain countries, particularly those where regulatory restrictions apply. This includes jurisdictions with stringent financial regulations that may prevent Paradtrade from operating legally.

　　In summary, while Paradtrade claims to offer a broad range of services and products, potential clients should exercise caution due to the broker's questionable regulatory status and lack of transparency regarding its operations. It is advisable for traders to conduct thorough research and consider the risks involved before engaging with this broker.

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