According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $5
- Web platform
- ParadTrade Mobile (MT7)
- MISA
Our Evaluation of ParadTrade
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
ParadTrade is a reliable broker with the TU Overall Score of 7.08 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by ParadTrade clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews showed that the broker’s clients are mostly satisfied with the company.
ParadTrade offers a wide range of trading instruments and services, catering to both active traders and investors seeking passive income. The broker provides flexible trading conditions with access to copy trading, trading robots, and investment in professional managed accounts.
Brief Look at ParadTrade
ParadTrade, established in 2019, is an international broker offering access to trading Forex, stocks, indices, commodities, and cryptocurrencies. Headquartered in Prague, it also maintains offices in London and Kingstown, Saint Vincent and the Grenadines. ParadTrade is regulated by the Mwali International Services Authority (MISA). The broker provides proprietary trading platforms, which support automated trading. Its clients have access to copy trading and investing in managed accounts of experienced traders. Traders can choose various account types, including swap-free accounts, participate in a loyalty program, and receive dedicated support.
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- Wide choice of trading instruments;
- Low minimum deposit requirement;
- Flexible trading conditions;
- Transparent fee structure;
- Copy trading and managed accounts;
- Diverse deposit and withdrawal methods;
- Client incentives.
- Limited choice of trading platforms;
- Partially paid services.
ParadTrade Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | Web platform and ParadTrade Mobile (MT7) |
|---|---|
| 📊 Accounts: | Standart, Interbank, ECNParad, FixedParad, CryptoParad, and Demo |
| 💰 Account currency: | Currencies, cryptocurrencies, and gold |
| 💵 Deposit / Withdrawal: | Bank cards, bank transfers, e-wallets, P2P, and cryptocurrencies |
| 🚀 Minimum deposit: | $5 |
| ⚖️ Leverage: | Up to 1:1000 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 lots |
| 💱 EUR/USD spread: | 0,1 pips |
| 🔧 Instruments: | Forex and CFDs on stocks, indices, cryptocurrencies, and commodities |
| 💹 Margin Call / Stop Out: | Stop out: 25% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Instant and market |
| ⭐ Trading features: | Scalping, hedging, expert advisors, and trading on news are allowed. |
| 🎁 Contests and bonuses: | Yes |
ParadTrade offers trading over 60 currency pairs and 95 cryptocurrencies. The trading platform enables market analysis using oscillators, trend indicators, and Bill Williams indicators. Traders can also create custom indicators and trading bots using JavaScript+. The platform supports price alert settings, over 30 chart drawing tools, and pending order types.
ParadTrade Key Parameters Evaluation
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Trading Account Opening
To open an account with ParadTrade, click Personal Account at the top of its official website and follow the below instructions:
Fill in the registration form, providing your first and last names as they appear in the documents, phone number, and email.
Create a password for your user account.
Confirm your email address.
Complete a short questionnaire regarding your account opening objectives, residency status, and expected investment amount.
Complete identity verification by uploading the required documents.
Regulation and safety
ParadTrade has a safety score of 3.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
ParadTrade Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
| MISA (Mwali) | Mwali International Services Authority | The Comoros | No specific fund | Tier-3 |
ParadTrade Security Factors
| Foundation date | - |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker ParadTrade have been analyzed and rated as Low with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of ParadTrade with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, ParadTrade’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
ParadTrade Standard spreads
| ParadTrade | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,3 | 0,5 | 0,1 |
| EUR/USD max, pips | 0,8 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,3 | 0,4 | 0,1 |
| GPB/USD max, pips | 1 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
ParadTrade RAW/ECN spreads
| ParadTrade | Pepperstone | OANDA | |
| Commission ($ per lot) | 3 | 3 | 3,5 |
| EUR/USD avg spread | 0,1 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,1 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with ParadTrade. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
ParadTrade Non-Trading Fees
| ParadTrade | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
ParadTrade offers a diverse choice of account types tailored for both novice and experienced traders. Additionally, it provides a demo account with a virtual balance of $10,000.
Deposit and withdrawal
ParadTrade received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
ParadTrade provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank wire transfers available
- BTC available as a base account currency
- Bank card deposits and withdrawals
- Low minimum withdrawal requirement
- PayPal not supported
- Limited deposit and withdrawal flexibility, leading to higher costs
- Wise not supported
What are ParadTrade deposit and withdrawal options?
ParadTrade provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, BTC, USDT.
ParadTrade Deposit and Withdrawal Methods vs Competitors
| ParadTrade | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | Yes | No | No |
What are ParadTrade base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. ParadTrade supports the following base account currencies:
What are ParadTrade's minimum deposit and withdrawal amounts?
The minimum deposit on ParadTrade is $5, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact ParadTrade’s support team.
Markets and tradable assets
ParadTrade offers a limited selection of trading assets compared to the market average. The platform supports 200 assets in total, including 50 Forex pairs.
- Indices trading
- Copy trading platform
- Crypto trading
- Futures not available
- Bonds not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by ParadTrade with its competitors, making it easier for you to find the perfect fit.
| ParadTrade | Plus500 | Pepperstone | |
| Currency pairs | 50 | 60 | 90 |
| Total tradable assets | 200 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products ParadTrade offers for beginner traders and investors who prefer not to engage in active trading.
| ParadTrade | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
Phone support is available Monday through Friday, from 9:00 AM to 7:00 PM, through the London office. Online communication with the broker's managers is available 24/7 via various channels.
Advantages
- Dedicated manager support is available for each client
- Online and phone communication is offered
Disadvantages
- Live chat is not available to non-registered traders
Available communication channels include:
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Email;
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Phone;
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Facebook;
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Feedback form;
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Live chat in the user account.
Contacts
| Registration address | Na Perštýně 342, 110 00 Staré Město, Česká republika |
|---|---|
| Regulation | MISA |
| Official site | https://paradtrade.com/en |
| Contacts |
+442081575550, +420488102480
|
Education
ParadTrade offers comprehensive educational materials, including webinars and online courses, accessible through the user account. Its clients can participate in interactive webinars held by experts, and take free or paid courses to enhance their trading knowledge. Basic courses for novice traders, such as Trading education and Fundamentals of financial markets, are available.
Comparison of ParadTrade with other Brokers
| ParadTrade | Eightcap | XM Group | RoboForex | NPBFX | Kama Capital | |
| Trading platform |
Web platform, ParadTrade Mobile (MT7) | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4 | MetaTrader5 |
| Min deposit | $5 | $100 | $5 | $10 | $10 | No |
| Leverage |
From 1:1 to 1:1000 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:200 to 1:1000 |
From 1:1 to 1:400 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0.4 points | From 0 points |
| Level of margin call / stop out |
No / 25% | 80% / 50% | 100% / 50% | 60% / 40% | No / 30% | 20% / No |
| Order Execution | Market Execution, Instant Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Instant Execution, Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | No | Yes |
Detailed Review of ParadTrade
ParadTrade is a broker offering a diverse range of trading instruments, competitive trading conditions, and innovative solutions for traders. Within the ParadClub loyalty program, its clients receive personalized service, exclusive benefits, and a five-tier privilege system. The program members can expect dedicated manager support, access to advanced trading tools, exclusive webinars, and world-class market analytics, empowering them to maximize the broker's capabilities. ParadTrade provides an economic calendar, currency heat map, current news, and comprehensive resources on trading, investments, and trading platforms.
ParadTrade’s trading platforms:
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Web platform. This is a browser-based trading platform featuring a user-friendly interface, compatible with Chrome, Opera, and Mozilla Firefox.
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ParadTrade Mobile. This is a mobile app offering basic trading features.
ParadTrade by the numbers:
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In the market since 2019;
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6 liquidity providers;
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Accessible in 58 countries;
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50,000+ open accounts;
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$85 million of investments in trading accounts;
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95+ cryptocurrencies and 60+ currency pairs.
Useful services offered by ParadTrade:
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Trading in financial markets: Forex, stocks, indices, commodities, and cryptocurrencies;
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Copy trading;
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Invest Trader System;
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Trading robots;
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ParadSAFE: an additional account for storing funds with accrued interest of 6%-14%;
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ParadClub loyalty program;
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Education: webinars, online courses, and paid training content;
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Paid analytical services: private channels with forecasts and strategies.
Promotions and bonuses:
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Deposit Bonus;
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No Fee Deposit and Withdrawal;
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Wheel of Fortune;
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ParadCash.
Advantages:
Dedicated manager and technical support;
Additional trading options, including swap-free and zero-spread account types;
Diverse account types, including a demo account;
Automated trading solutions;
ParadCash bonus program.
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