It wasn’t that long ago when there wasn’t any concept of online shopping, studying, working, or anything else that has become the norm these days. Yet, technological progress and the advent of the internet has transformed our lives and opened up new doors. This also applies to the world of trading. There was also a time when many were aware of the potential of trading but were reluctant to step in because of the rules. And complexities associated with it. The advancement has worked in its favour as well because online trading has eliminated all these barriers that existed before. Today, trading is accessible to anyone and everyone, no matter where they are or what their background is.
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This has prompted millions of people from every corner of the world to make their way into the financial markets, pushing the demand up for online brokers. Nowadays, there are hundreds of online brokers operating in these markets and offering trading services. Which means you will have plenty of options to choose from. But, are all these brokers equal? Can you expect the same services from all? Obviously not. Every broker is different and there is no guarantee that they will be able to fulfil your requirements.
They are obviously going to make a lot of claims and promises; after all, they want to attract you to their services. But, this doesn’t mean that you take them at their word. You have to be thorough and know if a broker is worth signing up with or not. This should also be done in the case of Ualgo, a CFD (Contract for Difference) broker that was launched by UMedia LLC and has its address registered in St. Vincent and the Grenadines. It follows the rules of the MIFID II (Markets in Financial Instruments Directive) and is catering to more than 250,000 global traders.
However, there should be some good reasons to opt for Ualgo over the many others in the market. Listed below are some powerful reasons to consider:
Reason 1: It boasts an easy and free signup
Signing up with a broker is how you will be able to access their services and this also applies to Ualgo. You have to register with this broker and a form is available on their website in order to do so. The good thing about is that it is a straightforward one and only takes you a couple of minutes to get it over with. Also, registration doesn’t involve any fee or approval, which is a bonus. You are asked to provide some basic information, which is:
- First name
- Last name
- Phone number
- Email address
You have to select your currency from USD, GBP and EUR and Ualgo also ask you to agree with their Terms & Conditions. These are outlined on the broker’s website and you can go over them before agreeing.
Reason 2: It offers numerous trading products
As mentioned earlier, Ualgo is a CFD (Contract for Difference) broker, which allows it to offer a variety in terms of trading products and they come from different markets. Plus, it eliminates the need for buying any of them physically. Some of the products that you will be able to trade include:
- Pairs of Forex currencies, including a minor, major, and exotic ones. AUD/CHF, GBP/CAD, EUR/USD, USD/TRY, NZD/USD and USD/CAD are just some of the choices.
- Cryptocurrencies have also been added to the offerings, including Bitcoin, Bitcoin Cash, Ethereum, Ripple and Litecoin.
- Indices are also provided to traders, such as Nikkei 225, DAX 30, Nasdaq, S&P 500 and FTSE 100.
- Stock CFDs, such as Netflix, Facebook, Microsoft, Tesla, Apple, Amazon and Aurora are available.
- Commodities, both hard and soft are given. The former comprises of precious metals like gold, silver and platinum while the other includes agricultural products like coffee, corn, cocoa and wheat. Even oil can be traded.
Reason 3: It provides innovative trading solutions
Checking the trading solutions of a broker is important because they provide you with the software used for executing trades, thereby impacting your trading experience. You want to be able to trade quickly and without any hassle or complexities. But, this doesn’t mean that you are willing to compromise on tools and security. There have been problems with trading platforms of various brokers and you want to avoid that. Ualgo is well-aware of the issues and they have added some innovative choices for their clients. It has gone for the SIRIX trading platform, including its desktop, web and mobile solutions.
This is a powerful, highly intuitive and easy-to-navigate trading platform, which even newbies can master easily. It delivers ultra-fast trade execution with one-click trading features and advanced charting tools. You can do trading analysis, use the trading indicators and benefit from the economic calendar. As far as the mobile solutions are concerned, Ualgo gives apps for Android and iOS both, so you can trade no matter where you are or what time it may be.
Reason 4: It has top-notch security features
Security in today’s dangerous times is an important feature of a broker and every legitimate and authentic broker will ensure no compromises in this regard. As mentioned before, Ualgo is compliant with MiFID II, which means it follows international security policies for protecting its customers’ interests. These include the AML (Anti-Money Laundering) and KYC (Know Your Customer) policies that require documentation for proof of identity and proof of address from traders for their own security.
As far as protecting your information is concerned, Ualgo has opted to use sophisticated and high-level SSL (Secure Socket Layer) encryption. This ensures that your data is immediately encrypted when you share it with the broker, preventing outsiders’ access. Also, they maintain segregated accounts for storing client deposits, which means there will be no mix-ups with the broker’s own money. Plus, the best banks are used for keeping these accounts, adding another layer of security.
Is it the proper Fit?
Ualgo has kept their registration process easy for his or her clients, are upfront about their policies. They have provided reliable customer support and have competitive fees and spreads, making them an honest fit every aspiring trader looking to form a profit.
Keeping these reasons in mind, Ualgo can be a solid option for kickstarting your trading career.