Not everyone is lucky enough to be born with a silver spoon in their mouth. There are millions of people all over the globe who have to make their own fortune. There are many of them who accomplish this goal. You can easily find success stories when you take a look at some of the wealthiest people in the world. Many of them made their own money and didn’t just inherit it from their families. When you take a look at the figures, you will discover something interesting; a lot of people who achieved their goal did so with the help of the financial markets.
I have seen tons of various sorts of traders in my life. I can tell you that there are even as many broker types also. Some brokers cater to the requirements of only the foremost experienced traders. On the opposite hand, you’ve got some brokers so focused on new traders you are feeling as if experienced traders don’t exist for them. However, I even have noticed and observed over the course of your time that the thing. What each one of those traders needs in common is security. once you trade with a web broker. You would like this sense of security that provides you the arrogance to take a position your money without worries.
These markets have existed for hundreds of years and people have been trading with the sole purpose of making a profit. While not everyone may succeed in their goals, there are many who have managed to turn their lives around thanks to trading. Even if you don’t have much knowledge of the financial markets. You have probably heard about the stock market and even the foreign exchange market. These are two of the world’s biggest financial markets and are renowned for their ability to help people make millions. Who wouldn’t like that kind of opportunity?
The problem was that previously there had been a lot of hurdles to overcome in order to trade. Which had kept many people out of these markets. They could only envy others when they read their success stories. But all that has changed in the last couple of decades. This was when the world saw a technological boom and the internet became a global phenomenon. It gave birth to the concept of online trading, which removed all previous barriers that had existed and gave people a clear path to the financial markets. Where they can make the investments and profits of their dreams.
Today, millions of people from every corner of the globe are stepping into these markets to try their luck. Factors like your knowledge, experience, and understanding can make a big difference in the outcome. But, there is another key factor on which your success depends; the broker you end up using. One of the things that have made their transition from the traditional markets to online ones is that of brokerages. These are companies that provide trading services, something they did even before the internet existed. In the online world, they provide the platform, tools, and everything else that is part of trading in the financial markets.
Since this space has attracted a lot of traffic. It is not surprising to find that a ton of brokerages has been established over the years to cater to the audience. But, it is important to remember that like every other industry out there. This one also has its share of shady characters. Not all companies you find are reliable and authentic and you are responsible for doing your research in order to make sure you don’t fall with the wrong crowd. As long as you don’t make a mistake when choosing a broker, you will be able to take a step in the right direction.
Established by Xtrade Europe Ltd., OffersFX is a CFD (Contract for Difference) broker, which is based in Limassol, Cyprus. If you take a look at their track record, you will find that they have been providing their services for more than a decade. Which automatically works in their favor. After all, the fact that they have been operating for more than ten years indicates. That they are doing something right, or else they would have gone out of business earlier. Nonetheless, you still need to know some very important things about them in order to ensure they can offer you professional trading services.
The best way to go about knowing a brokerage is by asking some important questions about it. Some of the questions you should ask about OffersFX are:
|Trading Accounts||4 Account Types; Standard, Premium, Platinum, and VIP|
|Assets Coverage||Shares, Forex, Commodities, Indices, and CFDs (Contract for Difference)|
|Trading Tools||Live Charts, Economic Calendar, Risk Management Tools, Price Alerts, Technical Analysis, Financial News and Daily Analysis videos|
|Education and Training||Yes; , Glossary, e-books, online video courses, webinars, tutorials, and expert sessions|
|Customer Support||24/6 through live chat, email, and phone number|
|Security Policy||KYC (Know Your Customer) and AML (Anti-Money Laundering)|
|Parent Company||Xtrade Europe Ltd|
|Regulation||Cyprus Securities and Exchange Commission (CySEC)|
Is the company regulated?
If you have looked into brokerages, then you have probably learned that there are two kinds that you can find. One is regulated, which means that the company in question is monitored by a regulatory authority. And has to comply with the rules and guidelines that have been established by said authority. The other is unregulated, where the company can make its own rules and choose to provide services the way they see fit. As they are not answerable to anyone. Even if you don’t have any prior knowledge of the financial markets, you can determine that a regulated brokerage is what you need.
The regulatory authorities are usually well-known and aim to protect consumer interests and ensure that honest. And transparent services are provided by the companies they monitor. This is also applicable in the case of OffersFX. Which is regulated by the Cyprus Securities and Exchange Commission (CySEC). It is undoubtedly one of the world’s leading regulators and is dedicated to ensuring. That all companies working under its umbrella are legitimate and professional and do not exploit their clients in any way.
Thanks to this regulation, you can rest assured that OffersFX will not up and vanish overnight. And neither will they come up with any confusing and shady policies that are meant to take advantage of you. They are straightforward in all their dealings and if you have a dispute, CySEC can step in and help in resolving the matter. Moreover, regulation by this authority means automatic participation in the Investor Compensation Fund, which works like an insurance policy for traders.
In the event, OffersFX files for bankruptcy or has to stop providing its services. Traders are compensated and don’t have to worry about losing their funds.
What trading products are you given?
When you have ascertained the regulatory status of a brokerage, it is time for you to move onto their trading products. The financial markets you can access via a platform are worth nothing because it will tell you whether you are free to diversify or not. Also, it is also necessary to know in case you have a specific product in mind for trading. Not every platform will give you the same options. So, it is best to know what you will be getting beforehand in order to avoid any kind of disappointment. The good thing about OffersFX is that they have ensured their clients get access to variety.
You will find hundreds of trading instruments to trade on their platform. This means that every trader can find something that is of interest to them. Furthermore, it is important to note that OffersFX doesn’t just focus on quantity. They have also prioritized quality since they have added the leading options in each market to offer the highest returns to their clients. First off, you can trade stocks of some of the most reputable companies in the market. Including Apple, Google, VISA, AT&T, Pfizer, Microsoft, Amazon, PayPal, Facebook, Netflix, Coca Cola, and many others.
You can also go with indices if individual stocks don’t interest you. And these include some very lucrative choices like the S&P 500, NASDAQ, Dow Jones, FTSE 100, Nikkei 225, and others. The forex currency markets can also be accessed on OffersFX and they have put together a combination of major. And minor currency pairs to allow their clients to enjoy the highest returns. EUR/GBP, USD/CHF, AUD/NZD, GBP/JPY, EUR/USD, and USD/RUB are just some of the choices you will find. Commodities are also another category that you can explore here.
These can give you solid and regular returns in the long run, due to which they are very appealing to a lot of traders. You can find commodities including precious metals, such as gold, silver, platinum, palladium, and copper. Or you can check out energies like natural gas and crude oil. There are also agricultural commodities, which are known as soft commodities like cocoa, wheat, sugar, and corn. At OffersFX, you are free to diversify your portfolio as per your preference and can trade in multiple financial markets at the same time. Which can mitigate your risks and give you the opportunity to increase your profits.
Are there any educational resources available?
Even though the financial markets have had a lot of success stories, you will come to know that there have been a lot of failures in this market as well. For every trader that succeeds, there are probably 10 traders who don’t. It is true that there can be a number of reasons why traders are not able to enjoy profits through their trading activities. But it is also a fact that many fail to do so because they don’t have the proper knowledge. A lot of people make the mistake of assuming that trading is just buying and selling trading instruments by looking at charts.
But, you will come to know that there are plenty of other things involved as well. Sure, luck may work in your favor a couple of times. But eventually, it will run out, and then what will you do? This is where your knowledge and understanding can make a difference. To help its clients in getting access to the right information. OffersFX has created a complete section on education on their platform. This is where you can get all the trading education you need in the form of different materials and resources.
This material has been put together by leading experts and professionals, so they are accurate and up-to-date. You can find in-depth and extensive knowledge that can come in handy and can help you master the basics of trading, along with giving you advanced knowledge. OffersFX gives its users access to e-books and articles, along with online videos and tutorials. You can also find different financial courses that can give you the trading education you need. The company also lets you attend webinars and seminars on their platforms. That can give you a great deal of insight into how the trading markets change and work.
Can you trade easily via their platform?
The primary feature of any broker that can make or break it is its trading platform. This is essentially the software on which your trading depends. It connects to the financial markets and then executes your opening and closing positions. If the trading platform doesn’t function properly, it can create a whole lot of problems for you. Your trades may not be executed on time, which can result in a lot of missed opportunities and profits and even lead to losses. Likewise, if the platform doesn’t have the proper tools, you will not be able to make the right decisions.
If it is not secure, you could be a victim of a cyberattack. Suffice it to say, trading platforms need to be functional, secure, and advanced. OffersFX has made sure that their trading solutions don’t leave any room for complaints amongst their clients. Traditionally, desktop trading platforms were offered. But these days, traders prefer to have a lot more flexibility. Keeping that in mind, the broker has opted to introduce a robust web trading platform for their clients. This one doesn’t come with any download or installation procedure because you access it through the browser on your chosen device.
This means that it can work on your desktop PC, your laptop, and even your mobile phone.
As a matter of fact, OffersFX has even developed separate mobile trading apps for their clients, which can be downloaded on smartphones and even tablets. They have been developed for both Android and iOS ecosystems, so you don’t need to be concerned about any compatibility problems, as they will run just as smoothly. As far as the web trading platform is concerned, no compromises have been made in performance.
They have delivered a highly intuitive and simple user-interface, but it is powered by advanced technology, thereby delivering an optimal trading experience to everyone. The user-friendly features make it easy for everyone to use the trading platform and they can enjoy customizable solutions. One-click trading makes it easy to execute trades and instant execution features are also available. There are also plenty of trading tools added by OffersFX, which can help in enhancing your trading performance.
These trading tools include an economic calendar that keeps track of important events and happenings in the financial markets. There are technical analysis tools available, along with interactive and advanced charts. Price alerts are also sent and traders can check the latest market news. OffersFX has also added multiple order types because they can help in minimizing the risks as much as possible. The best thing is that all these tools have also been added to mobile solutions to enhance their capabilities. This allows you to manage your trades and portfolio even when you are on the go, so you are not restricted by location or any such issues.
What account types have been formulated?
It is considered a standard for brokers to offer account types to their clientele and you will see this trend in nearly every option you come across. However, the kind of accounts available will vary from company to company, so it is best to know what types have been formulated by the one you are considering. In this regard, OffersFX turns out to be very thorough. Since they are providing their trading services to different types of traders, they have ensured that their account types are in accordance with those levels.
No matter what your risk appetite, trading style, and budget might be, there is a good chance that you will find the solution you are after. There are a total of four account types that have been added by OffersFX and the options start with the Standard account. This account can be opened with a deposit of just $250, which makes it a solid choice for newcomers in the market and beginners with no such experience under their belt. Next comes the Premium account, which asks for a deposit of $1,000 and is better suited to intermediate traders with some experience and knowledge.
The third account choice that you will find on OffersFX is referred to as the Platinum account, which can only be opened by depositing $5,000. It is geared towards skilled and advanced traders who can make such a deposit without any problem. The last choice is defined as VIP, and as obvious from the name, it is made for VIP and professional traders. Hence, its minimum deposit requirement is $25,000. Each of these accounts offers different trading conditions to traders and their features can also vary. You can get access to different educational resources, trading alerts and trends, customer support, expert assistance, and other perks.
Along with these offerings, it should also be noted that OffersFX has incorporated a demo account on their platform as well. You can use this account with virtual currency for practicing trading before you start out in the real market. This is a good option for those who have no experience whatsoever. Also, it is a good opportunity for testing any new trading strategies you may be thinking of trying without risking your hard-earned money.
Can you trade securely?
One of the most crucial questions to ask about any brokerage is whether they can help you trade securely or not. Security has become a prominent concern of people when they are using the internet. Cybersecurity incidents are rampant, and every other day, there are stories about people having their identity compromised or their money stolen. These can result in a horde of problems that you want to avoid and the best way to get it done is by opting for a securities brokerage. OffersFX fits the bill quite well in this regard.
Another security measure you will find on OffersFX is their verification process in which they verify the identity and residence of every trader who uses their services. This can go a long way in preventing money laundering, terrorist financing, identity theft, and any other financial fraud. This procedure requires the submission of documents, such as a national ID card or passport for your identity and a utility bill or bank document for your residence. You may even be required to provide your credit or debit card photographs if you are using them on the platform.
You can also check out OffersFX’s trading conditions and find that they don’t have any hefty commission and offer tight and low spreads. They have also done a great job where their customer support services are concerned, as there are various channels available to traders for reaching out to their team. In addition, they have been diverse and attentive when it comes to their deposit and withdrawal options, allowing their clients to add their funds and withdraw their profits without any issues. Combine all these services together and OffersFX becomes a top-notch broker for making your place in the financial markets.