Choosing a broker is the most important decision that has to be made by people who want to trade online in the financial markets. The trading platform used for trade execution, the assets you will be able to trade, the cost and charges you will have to pay and the tools that will be provided, all depend on the company that you will pick for its trading services. Just do a search on Google and you will be overwhelmed by the sheer number of choices that exist. It sounds like a good idea to just pick one from the horde and sign up. Why bother reading CryptoMatex review?
The financial markets are known for helping people make fortunes, but there are plenty of people who actually lose their fortunes in these markets as well. Why does this happen? Sure, it could be due to lack of skills and knowledge, just bad luck and it could also be because of the poor choices they make. Indeed, there are a number of such cases out where people failed to benefit from the opportunities in these markets because they didn’t have the right partner. As mentioned above, a broker provides you with the software, the assets and the costs. If they don’t have a good software, the right assets and their costs are high, you will suffer.
At the end of the day, not checking a broker and making the right choice will only harm you and not allow you to achieve the goals you have established. Therefore, unless you want that to happen, it is best to look at the reviews and find out everything possible about the platform you intend to sign up on. How can you do that? Sure, the internet provides a lot of information, but not all of it is reliable and accurate. In that case, you can ask some important things about the company and then consider the answers for making your decision.
This is a very smart approach and can help you in sorting through the choices to picking the best broker for your needs. CryptoMatex is one option that will be at your disposal and you can ask a few things about them to decide whether they are a solid and reliable company or not. What should you ask? Read on and you will know:
CryptoMatex Review
|
Broker |
CryptoMatex |
|
Website |
|
|
Trading Accounts |
Four Account Options; Basic, Silver, Gold and Platinum |
|
Minimum Deposit |
€250 |
|
Assets Coverage |
Forex, Cryptocurrencies, Stocks, Indices, Commodities, CFDs and ETFs |
|
Trading Tools |
Trading Indicators, Signals, Live Charts, Technical Analysis Tools, Price Alerts, Market Calendar and Risk Management Tools |
|
Education and Training |
Yes; , glossary, e-books, online video courses, webinars, tutorials and market analysis |
|
Customer Support |
24/5 through email, phone number, online contact form |
|
Security Policy |
KYC (Know Your Customer) and AML (Anti-Money Laundering) |
|
Parent Company |
CryptoMatex |
What kind of security do they provide?
For anyone planning to trade online, security becomes front and center because the internet is crawling with cybercriminals. If your personal information or your money falls into the wrong hands, you will be the one who has to deal with the consequences. Therefore, you want to find a broker that understands the risks and takes steps to mitigate them. CryptoMatex fits the bill because they have taken security very seriously. Advanced SSL (Secure Socket Layer) encryption is used for protecting all sensitive data and communications. All website traffic is monitored and it is also encrypted for maximum security.
They also provide fund protection through segregated accounts i.e. maintain them separately from the company’s own accounts. This ensures that traders’ deposits cannot be used for any of the broker’s own expenses or obligations and are only used for their trading activities. Furthermore, the deposits are kept with some of the leading banks in the world to prevent theft. In addition, CryptoMatex is also using KYC (Know-Your-Customer) and AML (Anti-Money Laundering) procedures, which means all accounts are verified by obtaining proof of ID and proof of address. It reduces chances of financial fraud, money laundering and identity theft.
How is the trading solution?
After ascertaining the security of the broker, if you want to move forward, you should move onto their trading solution. Why? It is the feature you engage with the most because all your trades are executed with it and it provides the tools you need for making decisions. Therefore, it should be one of your top priorities. CryptoMatex is fully aware of the role a trading platform plays in your overall experience and they have provided an effective solution to help out their clients.
You will find a web trading platform that’s powered by sophisticated technology and designed for both beginners and advanced traders. The cutting-edge technology helps CryptoMatex in providing 99% trade execution under a second, which is extremely impressive. They have opted for a highly intuitive interface to eliminate any complexities and multiple assets can be traded from the same dashboard. The layout can be fully customized, which is quite appealing and trades can be made in a single click.
As it is web-based, there is no downloading or installation required and that’s also a relief to many. Plus, it gives flexibility because traders can use it on any device. As a matter of fact, the platform has also been mobile optimized by CryptoMatex, so traders can use it on both Android and iOS devices without a hitch. This enables trading on the move, which means you can always stay updated and not have to miss out on any opportunity in the market. The platform is immensely easy to navigate and innovative trading tools have been added to enhance its performance.
Traders will be able to use technical indicators and a lot of advanced charts. There is event analysis available, along with trading alerts and price indicators. CryptoMatex has also added support for different order types to help traders in managing their risks and a market calendar is also provided. Other than this platform, traders will also find an ETF platform, which has been specifically designed for Exchange-Traded funds.
Is diversification a possibility?
When you have judged the trading platform good enough, you should check whether your chosen broker allows you to diversify or not. Sure, you do have the option of not choosing to diversify, but it is best to remember that this increases the risk of losses and this is something you want to avoid. With diversification, you can spread out your investment over different financial markets to alleviate some of the risks. CryptoMatex gives its clients plenty of room to do so because they have more than 200 trading instruments available.
If you check out these instruments, you will come to know that they belong to different global financial markets, which means diversification is very much possible. CryptoMatex provides its traders with access to some of the best assets, which means you can make high returns, exactly as you want. You can try your luck in the forex market and tap into its high volatility. There are numerous currency pairs like EUR/USD, GBP/USD, USD/CHF and USD/JPY that can be traded. If you want even higher volatility, the cryptocurrency market is the one to go for.
You can trade some of the top crypto options, such as Bitcoin, Litecoin, Bitcoin Cash, Ethereum and more. The traditional markets include the stock market and there are companies like Apple, Google, Facebook, Amazon, Microsoft, PayPal, Netflix, eBay and Aurora to be traded. CryptoMatex has also added indices like NASDAQ, FTSE, DAX, CAC and S&P to the mix. Another traditional market choice includes that of commodities and there are plenty of options for earning consistent and stable returns. You can go with precious metals like gold and silver, energies like crude oil and gas and agricultural items like wheat, coffee and soybeans.
Do they offer educational assistance?
Not everyone is an expert when they decide to trade in the financial markets. In fact, this is one of their most appealing factor that they don’t require people to have prior knowledge to jump in. However, if your goal is to survive in the long run and not just depend on your luck, you need to polish your skills and bump up your knowledge. How can you do that? Yes, the internet provides lots of information, but again, not all of it is accurate, up to date and reliable for that matter.
How do you learn? Other avenues are either costly or not easily accessible and this is where you will find CryptoMatex to be very useful. They have put together a range of educational resources on their platform to help their clients. You can find a glossary that teaches you the meanings of all relevant trading terminologies and jargon. You can find trading courses that provide in-depth knowledge and trading videos that are loaded with info. There are webinars organized by market experts that can offer a ton of data and help you boost your strategies.
What accounts can you open?
You will be required to open an account with the broker you choose and it is best to know what kind of accounts are available. If the options are too limited and don’t facilitate much, you will have difficulty in trading. To accommodate traders, regardless of their background or experience, CryptoMatex has added four choices. Check them out:
Option 1: Basic
This account is exactly what it sounds like; a very basic one. Minimum and maximum deposits are €250 and €4,999, respectively, leverage is 1:50, customer support is provided 24/5 and 10% no-interest loan available.
Option 2: Silver
This account is more for intermediate traders and has minimum and maximum deposits fixed at €5,000 and €24,999, respectively. The leverage goes up to 1:100 and 20% loan is now provided.
Option 3: Gold
This account is ideal for advanced traders and minimum and maximum investment requirements are now at €25,000 and €100,000 respectively. 30% no-interest loan, 1:200 leverage, daily market reviews, free monthly webinars, VIP mentorship program, direct line to account executive, trading alerts as well as event analysis, and one-on-one educational course are available.
Option 4: Platinum
The final choice provided by CryptoMatex is Platinum and is for professional and seasoned traders. This account comes with a minimum deposit requirement of €100,000, but gives traders room to invest as much as they like. The no-interest loan goes up to 40% and leverage is also at 1:400, the highest. All features mentioned for above accounts are available here, along with additions. There are free trading signals, a money management plan and event trading.
Can you expect any support?
One of the most vital things that traders should know about their broker is whether they can expect to receive any support or not. This is important because if you get stuck with a problem or are facing a technical issue and don’t get immediate help, it could contribute to your losses because you might miss out on opportunities or are unable to trade. It could even be a recipe for disaster if the market moves by a huge extent. Not all companies offer the same level of support, so it is best to ask about it.
As far as CryptoMatex is concerned, you will come to know that they are quite thorough and reliable in their customer support. To satisfy their clients, they are available 24/5 and you can find different channels on their website for reaching out to their team. Visit the Contact Us section on the website and you will find the options you can use. They have an official email where you can send your query or you can also give them a call on the given number. An online contact form is also available for sending in your question. There is also an FAQ section on the website, providing answers to any common questions or concerns you might have.
When you check all the answers, CryptoMatex will be able to clear any doubts you might have had and provide you with everything you are after.
The post CryptoMatex Review – Important Things to Ask about the Broker appeared first on CryptocyNews.com.
from CryptocyNews.com https://www.cryptocynews.com/cryptomatex-review-important-things-to-ask-about-the-broker/
via Bitcoin News
via Bitcoin News Today
No comments:
Post a Comment