ParadTrade Review 2024

ParadTrade General Information

ParadTrade is a leading brokerage company specializing in international financial, stock, commodity, and cryptocurrency markets. The ParadTrade brand belongs to Paradice Trade LTD, registered at Bonovo Road – Fomboni, Comoros Union, with registration number HY00423015. The company is regulated by the Mwali Island International Services Authority (MlSA).

ParadTrade was founded in 2019 and was awarded the "Best Broker for Beginner Traders" by the IAFT Awards in 2020.

ParadTrade allows clients to open accounts in various world currencies, such as the US dollar, euro, shekel, and yen. Importantly, ParadTrade offers the possibility of opening accounts in cryptocurrency, enabling investment in stocks using crypto assets. The broker also provides a unique service called ParadSafe – an additional vault for storing funds outside the ParadTrade trading platform. It works like an electronic wallet for storing money, from which you can instantly deposit and withdraw funds to and from your trading accounts. ParadSafe is available in two currencies – US dollar and Bitcoin. It's important to note that funds in a ParadSafe account earn interest on the balance. The interest rate is determined monthly and ranges from 6% to 14%.

At ParadTrade, you can take advantage of an advanced opportunity – the Trade Invest System (trade copying). This solution allows you to replicate the trades of successful traders, gaining experience and achieving comparable returns.

ParadTrade collaborates with top liquidity providers, including Broctagon and LMAX, which route trades to major European banks. ParadTrade can act as a market maker for small-volume trades, aiming to route them to the interbank market. Sometimes, traders require assistance in this regard because liquidity providers have specific minimum trade volume requirements. Thus, the broker uses an aggregation model: the firm accumulates trades of insufficient volume and routes them to the interbank market collectively, in a batch mode (hedging). This helps avoid conflicts of interest with the company's clients.

ParadTrade offers clients a wide range of market analysis tools, including charts, indicators, and news feeds. This allows traders to make more informed decisions for successful trading. The broker also provides customer support from Monday to Friday, 9:00 AM to 7:00 PM, as well as via email.

ParadTrade offers its clients a variety of account types:

• Demo: no real money required, includes a virtual $10,000 for testing strategies.

• Standard: a versatile account for all types of trading, which can be opened with a small deposit.

• Interbank: allows trading on the terms of large banks with competitive pricing.

• ECNParad: designed for the fastest possible order execution.

• FixedParad: an account with fixed spreads.

• CryptoParad: 95 of the most popular and reliable cryptocurrencies in one account.

At ParadTrade, you can trade with or without leverage. The broker offers maximum leverage of up to 1:1000, allowing you to manage your capital effectively and take risks according to your strategy.

ParadTrade is a reliable and convenient broker with a wide range of services and opportunities, continuously striving for improvement and delivering the best services to its clients. This company is a great choice for investors of any experience level and investment goals.