Are you contemplating jumping into the financial markets? Of late, there are many people who are weighing this option, even though it is definitely not a new one. However, the tough economic situation has prompted many people to turn towards this space because it is possible to make money in a short amount of time. There is absolutely no harm in doing so, as long as you choose a good broker for your trading needs. This is a prominent challenge that many traders have to face because either they are in a hurry and pick the first option they find, or they don’t know what to look for.
If you don’t put enough effort in it, you can end up opting for a scam broker or one that simply doesn’t offer everything you are looking for. It could end up resulting in a poor trading experience and even lead to losses. One of the options that you will come across is 24Trading and it has quickly climbed up the popularity ladder. It was established by a company registered in St. Vincent and the Grenadines known as Grey Matter Ltd. But, is it good enough for you? The only way to find out is to evaluate their different features and this is what this 24Trading review is for. Let’s kick things off:
24Trading’s Security Infrastructure
To evaluate a broker, the best place to begin is with their security infrastructure because if they cannot offer you security, there is no point in opening an account with them. Cybersecurity incidents are on the rise and every other day, you can find stories of people losing their hard-earned money, or having their identity stolen. Therefore, it is a good idea to find a platform that can minimize these risks and 24Trading fits the bill here. Their security infrastructure is rather robust and can allow you to focus on your trading alone.
The first thing to note is that 24Trading is compliant with KYC (Know-Your-Customer) and AML (Anti-Money Laundering) policies and these can prevent fake accounts, identity theft, money laundering and financial fraud from happening on the platform. They also use SSL (Secure Socket Layer) encryption on all data and use firewalls for boosting network security. You are also provided protection against DDoS attacks and two-factor authentication (2FA) is enabled on your trading accounts to keep hackers out.
Your funds are kept in segregated accounts by 24Trading in order to prevent any misappropriation and only authorized individuals are given access to any details. All funds are deposited with reputable financial institutions and only reserved for trading.
24Trading’s Trading Products
Once you are sure about the security of the brokerage, you should move onto their trading products in order to find out what you will be able to trade. This can help you determine the kind of returns you can expect to make. Of course, you would want access to profitable trading products in order to achieve your goals and 24Trading has delivered by giving its clients access to the world’s leading financial markets. Some of the options you can find are:
Forex: Recognized as the world’s largest financial markets, it comprises of currency pairs, such as GBP/USD, AUD/CAD, USD/JPY and EUR/USD.
Stocks: One of the oldest financial markets, it allows people to trade stocks of leading companies, including Amazon, Apple, Coca Cola and Nike.
Indices: Another lucrative market, it is a good fit for those looking at the big picture and you can trade the world’s top indices at 24Trading like S&P 500, FTSE 100 and more.
Commodities: You can find soft and hard commodities available on 24Trading that can offer consistent returns to you. The former include agricultural products like wheat, sugar, rice and coffee, while the former refers to precious metals like gold, silver and platinum.
Cryptocurrencies: One of the most in-demand trading products right now are cryptocurrencies and you can trade the top ones at 24Trading like Bitcoin, Ethereum, Litecoin and Ripple.
With access to such a variety of trading products, you will have no problems in diversifying your investment portfolio. This can be helpful in minimizing your risks and enable you to earn maximum returns.
24Trading’s Trading Platform
One of the most crucial features that a broker offers its clients is the trading platform they use for executing their trades. Without it, trading wouldn’t be possible because it is used to connect to the financial markets and opening and closing positions. The platform offered by every broker is different and up to their discretion. You have to decide if it is good enough for you or not. You will find that 24Trading has developed a web trading platform for its clients. This solution comes with several advantages for traders.
First off, you don’t have to download a web trading platform anywhere because it is accessible via a browser. This provides flexibility in regard to the device you want to use it on. Furthermore, it is easier to use due to its intuitive interface, but this doesn’t mean that 24Trading has made any compromises in terms of features or tools. They have used cutting edge technology for powering this platform to enable it to deliver superior trade execution. A variety of trading tools have also been added to boost its functionality.
You will find access to live charts, a custom layout that you can adjust as per your needs, trading signals, price alerts, market analysts and research, daily market reviews, indicators and the latest market news as well. In addition, mobile trading solutions have also been added by 24Trading to assist its clients in trading on the go.
You can also evaluate the account registration process of the broker and their account options and it will become obvious that their goal is to facilitate traders of different skill levels and to give them quick access to the market. In case of any problems, you can also find assistance provided by 24Trading easily and quickly, thereby allowing you to trade without any hassle.