A huge population of the people who are interested in trading consists of individuals who are trading for the first time. As surprising as it may sound, the new online brokers have to think about finding a way to address the needs of these beginning traders. Yes, their platforms have to be suitable for experienced traders as well, but suitability for new traders is critically important. I have been trading for two years, but I believe that I still qualify as a new trader, not only because of the years of trading but also for my requirements that are right up there with other beginning traders.
Now, I believe that the most suitable broker that I have found for new traders is Finexro. Whether I am wrong or right with my assessment can only be found out when you have all the details in front of you. And that’s what I am about to do. I am giving you all the details about this broker that I think make it a great choice for new traders. After that, you can decide to sign up or not sign up with it.
Finexro – Suitability for New Traders
- Conventional and Modern Financial Markets
Just because you are a new trader does not mean you don’t need access to the conventional financial markets at all. That’s a huge mistake if you are thinking like that. Despite being a new trader, you have to have access to the conventional financial markets, such as forex, stocks, commodities, etc. In addition to that, you should also have access to the latest and the greatest financial markets of 2020. At this point, I am referring to the cryptocurrency market. That’s where you can trade the most modern and future-proof assets, called the cryptocurrency assets.
With this broker, you get access to them all. You don’t have to limit yourself to trading currency pairs only. You don’t even have to be in the stocks or indices trading. If you want to trade precious metals, go for commodity trading. If you are all about the future of the world’s economy, there is no reason why you should not trade cryptocurrencies. You can find a variety of digital coins to trade when you sign up with Finexro.
- Multiple Trading Platforms
Why settle with on when you have two trading platforms to enhance your trading experience? Finexro is definitely one of the few brokers that provide you with multiple trading platforms. There is no doubt that MetaTrader 4 is the best trading platform out there. However, you always have some traders who prefer something different and unique. For them, this broker has arranged Sirix trading platform. You might not see many online brokers offering this trading platform to their traders. However, this broker is unique and caters to the needs of its traders even if they are only a few in number.
So, you have two of the best trading platforms available to you for trading when you sign up with Finexro. Furthermore, you can use these trading platforms in downloadable and non-downloadable forms. You can use the downloadable form if you wish to trade at lightning fast speeds. If you want more reliability, ubiquity, and uniformity in your trading, you should go with the web trader, which is available to you on all your devices with convenience.
- Segregation of Funds and Protection of Info
These are the two criteria that I think every online broker should meet no matter it is small or big. You can’t let a small broker go in terms of security just because it is small. If you are not serious about your security, you can lose your information and money without a chance to get these two things back. So, you have to make sure that you sign up with a broker that can provide you with proper security in terms of your information and money. In the case of Finexro, you have your money going in segregated accounts i.e. accounts that the broker has maintained with the banks only for your funds.
In addition to that, the information you give to the broker gets encrypted for your protection. The broker has the latest SSL certificates on its website to ensure that every piece of info that you enter on the website is safe and protected.
- Big Leverages and Tight Spreads
Is there something that matters to new traders more than leverage and spreads? I don’t think so. When I started trading, I did not care much about the leverage I was getting. In fact, I had no idea what spreads were all about. However, I later on found out that if the spreads were too loose, I would not have received any money on my trades even if I profited in the trade. Furthermore, I did not know that I could increase the size of my trade by just using a feature that my broker was providing me with happily. So, in this particular case, I have to tell you that this broker has covered its ground pretty well.
If you talk about spreads, the broker has variable spreads, which means that the spreads are different for different assets and they can change over time as well for the same asset. A spread of just 0.1 pips is something that I think you will hardly find from any other broker. And when it comes to trading with leverages, you will get 1:30 on your regular accounts. Go with a professional account and the leverage on your trades will rise to 1:200.
So, now you know what Finexro is all about. You can tell that this broker has some great features when you compare them to what other brokers are offering. At the same time, this broker has been around for some time now. You can use a demo account if you want to get a hang of its services and the trading platforms. With all things considered, I believe this broker has created a perfect online trading system for new traders, which they can trust and use without worries of losing their money or information.