Types of Trading Accounts in Trendo Broker

Types of trading accounts offered on the exclusive platform of Trendo Broker

Trendo Broker, in its effort to cater to the needs of all traders, has offered a variety of trading accounts. Users, after registering and verifying their identity in Trendo Broker, can access all the trading accounts offered by this broker through an exclusive and professional platform.

It is worth mentioning that all the accounts provided by Trendo Broker are of the ECN type, and traders can use the various trading accounts of Trendo under the best commercial conditions. At Trendo Broker, each user is allowed to have only one verified account. However, within this account, users can have up to 20 active real or demo (test) trading accounts.

What is an ECN account?

An ECN (Electronic Communication Network) account in the Forex market is a type of trading account that provides direct access to the Forex and interbank market without a Dealing Desk. Some of the most important features of ECN accounts include:

• Traders connect directly to a network of liquidity providers such as banks and other brokers through ECN accounts.
• Transactions in ECN accounts are executed at the highest speed, without any interference or intermediaries.
• ECN accounts have the lowest spread because orders in these accounts are directly matched with the orders of the main market participants.
• ECN accounts are more transparent and efficient than DD accounts and perform better under various market conditions.
• Brokers do not interfere with the spread in ECN accounts, and their income is from the commission they receive for each transaction.

Types of Trading Accounts on the Trendo Platform

The types of trading accounts offered on the exclusive platform of Trendo Broker are:

Real Account

A Real Account is the main account of traders used for transactions in financial markets. This account (ECN) in Trendo Broker, in terms of spread, commission, and other conditions, has no difference with other accounts and has the lowest spread and commission. After verifying their identity in Trendo Broker, users can open several real accounts with base currencies such as dollar, euro, etc., and recharge their account through various deposit and withdrawal methods .

Demo Account

A demo account is a virtual account used for practicing and learning trading without any cost. Traders can familiarize themselves with the financial markets and test their trading strategies risk-free through these accounts. Opening demo accounts in Trendo Broker has no limitations, and users can open several demo accounts in the broker.

Wallet Account

The Wallet account is a special account for receiving Trendo rewards and gifts. It is used to hold these rewards and gifts, and the amounts deposited into the Wallet account are also tradable. The base currency for all Wallet accounts is the US Dollar (USD). The Wallet account cannot be opened, and its leverage is set at 1:200.

Bonus Account

The Bonus Account is a special account designed to receive Trendo's welcome gift. Upon registering in Trendo Broker, users will receive a $10 welcome bonus without the need to fund their account. This allows them to carry out their first real transactions in the Forex market without any risk. Furthermore, by trading in their Bonus Account, users can withdraw their profit up to $200.

For more information, read: Trendo's Free Bonus, an exceptional opportunity to earn profits in Forex.

PAMM Account

In a PAMM (Percentage Allocation Management Module) Account, investors connect to the account of a successful trader under specific and mutually agreed conditions. In this account, trades are exactly copied and executed in the investors' accounts, and investors pay a predetermined and agreed-upon percentage of the positive outcome of their trades to the trader's account as a commission.

For more information, read: What is a PAMM (Percentage Allocation Management Module) account in Forex?

CopyTrade Account

In addition to offering PAMM accounts, Trendo Broker also provides another type of copy trading system called the CopyTrade Account. In this account type, investors connect to the account of a successful trader with a specific fee and, like the PAMM account, the trader's transactions will be exactly copied in the investors’ account.

In the CopyTrade account, investors pay a monthly subscription fee to the trader, and unlike the PAMM account, the account manager's commission is not related to the profit or loss resulting from the transactions. It is also recommended to study Trendo Broker's copy trading rules before using the copy trading services.

For more information, read: What is copy trading? Introduction to Trendo’s copy trading platform.

Terms and Conditions of Trading Accounts in Trendo Broker

Trendo Broker has always aimed to provide services of the highest quality and under the best trading conditions. In this regard, Trendo Broker offers its services through a professional and dedicated platform. Traders can engage in trading a variety of symbols with minimal spreads and commissions, maximizing their benefits from profitable opportunities in international financial markets.

To view the spread of trading symbols in Trendo Broker, you can visit the real-time price page on the broker's website. Undoubtedly, Trendo Broker is committed to offering the lowest spreads for traders worldwide.

For more information on the rules of trading accounts in Trendo Broker, you can refer to the rules page .