ParadTrade
Abstract：Founded in 2021, ParadTrade is an unregulated broker registered in the Comoros. Customers can trade forex, stocks, cryptocurrencies, commodities, and indices on the ParadTrade web platform or ParadTrade mobile platform. It provides five account types and a demo account, with leverage up to 1:500 and a minimum deposit of $5. However, ParadTrade does not serve residents from certain areas.
| ParadTrade Review Summary | |
| Founded | 2021 |
| Registered Country/Region | Comoros |
| Regulation | No regulation |
| Market Instruments | Forex, Stocks, Cryptocurrencies, Commodities, Indices |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | from 0.0 pips |
| Trading Platform | ParadTrade Web Trader, ParadTrade Mobile |
| Minimum Deposit | $5 |
| Customer Support | Tel: +442081575550 |
| Email: support@paradtrade.com | |
| Social Media: Facebook, X, Telegram, YouTube | |
| Address: Bonovo Road, Fomboni, Comoros Union | |
| Regional Restriction | Afghanistan, Albania, Barbados, Belarus, Democratic Republic of Congo, Ecuador, Gaza Strip, Georgia, Iran, Iraq, Liberia, Pakistan, Russia, Saudi Arabia, Sudan, South Sudan, Uganda, Ukraine, United States, Syria, West Bank (Palestinian Territory), Canada, Curaçao, Sint Eustatius, Japan |
Founded in 2021, ParadTrade is an unregulated broker registered in the Comoros. Customers can trade forex, stocks, cryptocurrencies, commodities, and indices on the ParadTrade web platform or ParadTrade mobile platform. It provides five account types and a demo account, with leverage up to 1:500 and a minimum deposit of $5. However, ParadTrade does not serve residents from certain areas.
Pros and Cons
| Pros | Cons |
| Various trading products | No regulation |
| Demo account available | Regional restriction |
| Five account choices | |
| Lower minimum deposit | |
| Multiple contact channels | |
| Bonus offered |
Is ParadTrade Legit?
No, ParadTrade is not regulated. Please be aware of the risk!
What Can I Trade on ParadTrade?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Bonds | ❌ |
| ETFs | ❌ |
Account Type
| Account | Minimum Deposit |
| Demo | $0 |
| Standart | $5 |
| Interbank | $5000 |
| ECNParad | $3000 |
| FixedParad | $3000 |
| CryptoParad | $5000 |
Leverage
The leverage can be up to 1:1000, which is relatively high. The use of leverage can both maximize profits and increase losses, so customers still need to consider carefully before investing.
| Account | Leverage |
|---|---|
| Demo | 1:500 |
| Standart | 1:500 |
| Interbank | 1:200 |
| ECNParad | 1:1000 |
| FixedParad | 1:1000 |
| CryptoParad | 1:200 |
ParadTrade Fees
| Account | Spread | Commission |
| Demo | from 0.00003 pips | None |
| Standart | from 0.00003 pips | None |
| Interbank | from 0.0 pips | 0.3 pips |
| ECNParad | from 0.0 pips | 0.6 pips |
| FixedParad | from 0.0001 pips | None |
| CryptoParad | from 0.0001 pips | 0.3 pips |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| ParadTrade Web Trader | ✔ | PC, Web | / |
| ParadTrade Mobile | ✔ | iOS, Android | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
ParadTrade provides VISA, Maestro, MasterCard, SEPA, Skrill and Bitcoin for traders.
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