Technological boom occurred in the 21st century and brought about major changes in our lives. Nearly every industry had to evolve to keep up with the changing technologies in their respective spaces. In the last couple of decades, a lot of upgrades have been made, which has simplified various functions, professions and services. One such area that has seen major improvements is the trading landscape. There was a time when entering the financial market was limited to investors with huge amounts of money, knowledge and experience, but things are no longer the same. Today, trading has become accessible straight from our homes, something you couldn’t have imagine a couple of decades ago.
You don’t need to go anywhere if you wish to trade in any of the financial markets and they are definitely not just limited to stocks and forex. This is a common misconception that people have about trading; you don’t just trade forex currency pairs and stocks in this space. As a matter of fact, cryptocurrencies have now drawn attention towards the trading world and thousands are moving towards it in droves in order to take advantage of their trading potential. The best part about trading nowadays is that you don’t have to have a hefty capital to get started.
Plus, even if you don’t have a trading background or any prior knowledge, you can still try your luck in the trading markets. The fact that you can also enjoy flexibility and trade at your own convenience has added to the appeal and people are now turning towards it for supplementing their income. Are you one of these people? In order to begin, you should know that you have to first find a broker. With the popularity of trading, online brokers have increased in number and there are plenty of options in the market that are ready to cater to your needs.
When you start searching, you will find all kinds of brokers, but it is essential to remember that not all brokers are the same. Even if they have a good reputation in the market and are working out for others traders, there is no guarantee that you will have the same experience with them. Some brokers cater to a specific category of traders, such as professional traders, and so, they may not work out for you. Your goal should be to find a broker that can actually deliver the services you require. This is easier said than done because there are too many options.
Obviously, you cannot check every single broker, but you can make a list of potential options and look at them closely to make up your mind. One of these brokers is 4TFX, a broker that specializes in CFD (Contracts for Difference) trading. It is a relatively new broker due to which it is not renowned as some of the old and established brokers in the market. However, it has still earned a reputation quite quickly and is based in Limassol, Cyprus. If you are wondering whether to sign up with 4TFX or not, you should first check out how it can facilitate you during the trading process.
An Overview of 4TFX
|Trading Accounts||Basic, Silver, Gold, Platinum and Diamond account|
|Assets Coverage||Forex, Stocks, Commodities, Indices and Cryptocurrencies|
|Trading Tools||Graphs, Charts, Price Quotes and Market News|
|Education and Training||Yes|
|Customer Support||24/7, Email, Phone and Online Contact Form|
|Security Policy||KYC (Know Your Customer) and AML (Anti-Money Laundering) policies|
4TFX has chosen to provide its services to traders of all backgrounds; it doesn’t matter whether you are a beginner or an advanced trader, the broker has put together everything you need in one place. Their approach is customer-centric and they aim to satisfy their clients as much as possible in order to help them reap the benefits of trading. But, what should you know before you choose 4TFX for your trading needs? Some of these important elements are discussed below:
- The Asset Index
A broker’s asset index is its most prominent feature; it tells you what financial instruments you can trade, which markets you can access and whether you can diversify your portfolio or not. These are all important things to know because if the broker is not giving you what you want, you need to look for a different broker altogether. At 4TFX, there are more than 200 CFDs that can be found and these are spread over different financial markets. This provides traders with the perfect opportunity to diversify their investment as much as possible because they can invest in as many instruments they want. Some of the categories that you can explore are:
Stocks: One of the first trading markets that were established is the stock market, where traders can buy and sell stocks of numerous companies in the world. 4TFX gives you the opportunity to trade stocks of different companies and their list include some top names, such as Amazon, Facebook, HSBC Holdings, Netflix, Volkswagen, Siemens and more.
Forex: With a daily trading volume of more than $5 trillion, the forex currency market is the world’s largest market and has a ton of opportunities to offer to everyone. There are hundreds of currency pairs that can be traded and you will not run out of options. These currency pairs are also divided into categories according to their demand and volatility; you can find major pairs, minor pairs along with exotic options. EUR/USD, GBP/USD, USD/CHF, USD/JPY, GBP/AUD and GBP/RUB are some of the pairs you can trade.
Indices: If you are someone who don’t want to try stocks, but still want a lucrative instrument for trading, 4TFX offers you indices to try out. The broker gives you some of the top indices that consider the big picture in the markets and can give solid returns like NASDAQ, S&P 500, FTSE 100, DAX 30 and CAC 40.
Commodities: Traders who don’t have a high risk tolerance and don’t have a problem with small yet consistent profits will find commodities to be the perfect option for them. There are soft commodities that can be traded as well as hard ones and 4TFX has put together a combination of both for the convenience of their clients. Soft commodities comprise of agricultural items, such as coffee, corn, wheat and soybeans. Hard commodities include precious metals like gold, silver, platinum and palladium. The broker also gives you natural energies to trade, such as crude oil, Brent oil and natural gas. These commodities have consistent and regular demands, and so they are able to generate the same kind of returns.
Cryptocurrencies: One of the most recent and biggest additions that have been made in the financial markets is that of cryptocurrencies. The storm began with Bitcoin in 2009 and now, the market comprises of more than 5,000 coins. Knowing how heavily demanded they are, 4TFX has incorporated some of the top market options and these include Bitcoin, Litecoin, Ethereum, Bitcoin Cash and Ripple.
4TFX allows you to trade any of these trading instruments, as per your preference. You can start with one and then expand your investment or you can choose a combination and diversify for minimizing your risks. The broker also supports ETF trading, which is not something many brokers can offer to you. The bundles available are shown on their website and you can choose one that works for you.
- The Security and Privacy Policies
If a broker offers the instruments you want to trade, you will be tempted to immediately sign up with them, so you can get started. However, it is important to remember that your research is not over just yet. There are numerous other features that have to be assessed if you don’t want to regret your decisions later on. One of the most important aspects are the security and privacy policies of a broker. You need to know this about 4TFX before you decide to proceed with them. Online trading is not without its risks; you are sharing personal information and investing your money and they can be compromised.
The key is figuring out how to not let it happen and 4TFX has put in a great deal of effort to do so. The broker has made use of advanced SSL (Secure Socket Layer) encryption, which is immediately implemented when traders share any information with the broker. They even use it for encrypting communications, so no third-parties will be able to compromise their system. The broker has also used 2 FA (two-factor authentication) to help their clients in protect their accounts.
In order to help their traders in protecting their funds, 4TFX has chosen to opt for account segregation. This means that the broker keeps their accounts separate from their clients. The purpose is to ensure that no funds are mixed up and traders’ deposits are only used for making trades. In the case that the broker goes bankrupt, client funds will remain safe and they will be returned to them, so they will not be used to pay off the broker’s obligations.
One of the most important security features that you will find at 4TFX is the use of KYC (Know Your Customer) and Anti-Money Laundering policies. These are designed to prevent the broker’s platform from being used for money laundering, identity theft, any criminal activity or for terrorist activities. In accordance with these policies, traders are required to provide some documents that can give proof of ID, such as a passport, driver’s license or national ID card, proof of residence, such as utility bill or a bank statement and also proof of payment that asks for photographs of debit or credit cards to be used.
- The Trading Solutions
Now that you know that the broker is secure and has the instruments you want to trade, it is time to check out what trading solutions are available. This is of the utmost importance because the trading platform you use can have a big impact on your trading experience. You may struggle during the trading process if the trading platform is a complex one and lacks in any aspect. Slow performance can also result in setbacks for traders because they will not be able to execute trades quickly and this can cause them to lose opportunities and profits.
Not every broker will offer you the same trading platform, so it is worth a look. When it comes to 4TFX, you will find that they have developed a web trading platform for their clients. This option is extremely popular, especially in modern traders, because it eliminates the need for any download or installation. The platform is accessed via the broker’s website, so it also provides flexibility because you can access it through the browser on any device. 4TFX has ensured that their platform is compatible with all popular browsers.
But, the real question is about their performance. How does 4TFX’s trading platform measure in terms of performance? The broker has used advanced technology for developing the platform, but has ensured that it remains user-friendly. This ensures that traders don’t have to worry about a learning curve because the platform is easy to use and navigate. One-click trading is one of its top features combined with speedy trade execution. Moreover, the broker has also integrated some useful trading tools in their trading platform to help their clients make the most of their trading activities.
Some of these tools include charting tools, advanced trading signals, custom trading indicators, line graphs and also the latest market news. All of these can come in handy during the trading process. 4TFX didn’t stop here and also went as far as developing mobile apps for iOS and Android devices to help their clients in trading on the go. This has become a priority for many traders because they enjoy trading from anywhere and everywhere, and whenever they want. They can control their accounts, execute trades and keep up with market events. The apps have also been equipped with great trading features and tools and boast a simple interface.
- The Registration Requirements
Every broker is different and the registration requirements can also vary from broker to broker. You need to know what they ask for and if you are comfortable with it or not. With 4TFX, you don’t need to worry because they don’t have any such extensive or complex requirements. They don’t tie you up in a lot of paperwork either because in order to sign up with them, you just need to fill out one form on their website. It is a short and simple form that asks for very basic details.
You have to share your first and last name, email address, phone number, country you are in and a password you want to use. They also ask you to agree to their Terms & Conditions. You will be registered at 4TFX right away and you will not have to wait for an approval process.
- The Account Options
In order to use a broker’s trading services, you need to open an account with them. Brokers are known to give multiple options to their clients, so they can pick one according to their trading style and preference. As 4TFX is providing services to all kinds of traders, they have come up with five account options to accommodate them. You can check out the different choices and then choose one. The options are:
Basic: Requiring a deposit of €250 at minimum, the basic account is the first option you will find at 4TFX and it is aimed at novices. The account gives traders an account manager and they can enjoy leverage of 1:10. A bonus of 50% also comes with this account and traders also receive a platform walkthrough. The maximum investment that can be made through this account is €10,000.
Silver: The second account that you will find at 4TFX is called the Silver account and you have to deposit a minimum of €10,001 to open it. This account is meant for beginner traders with some experience and knowledge. Here, the leverage is increased to 1:20 and now a senior account manager is provided to traders. Plus, traders can also enjoy a higher bonus of 75% in this account. You will also receive technical education under this account. The maximum amount that can be invested in this account is €20,000.
Gold: To accommodate intermediate traders on their platform, 4TFX have come up with the Gold account option. The minimum deposit that’s needed for opening this account is set at €20,001. Traders receive a higher leverage of 1:30 under this account and a 100% bonus is given to traders. The account also comes with an executive account manager and lets you make daily trades. Fundamental education is now also available and the maximum amount to be invested here is €100,000.
Platinum: The account that 4TFX has put together for skilled traders is called Platinum and traders have to deposit at least €100,001 to open this account. The leverage provided in this account is 1:40 and a welcome bonus of 150% is also given as an incentive to traders. A VIP account manager is available to traders under this account and they can invest a maximum of €200,000.
Diamond: The last account option that 4TFX has developed for traders is the Diamond account and this is for professionals. The minimum deposit that you have to make here is €200,001 and a BDG account manager is provided as well. As for maximum investment, it has to be €499,999.
You can go over the account options and choose one that suits your criteria and allows you to trade freely.
- The Educational Resources
As much as you read success stories about traders in the financial markets, there are hundreds of them who don’t make it. What distinguishes them? It is their education and knowledge of the trading market that sets them apart. It is important to figure out how the financial markets operate in order to make successful and profitable trades. But, where do you learn?
This is where 4TFX has proven to be helpful for its clients. The broker has put together a ton of educational resources on its platform that can be sued by its clients for expanding their knowledge and polishing their skills. There are e-books and articles that you can read and they have also added video tutorials for additional guidance.
- The Customer Care
When you are using a broker’s services, you need to take a look at the kind of support you will get. This is necessary because there will be times when you have a problem with something. It could be a technical issue or any other question that you may have about the broker. If there is no assistance, it could result in a lot of problems for you. 4TFX cares about its customers and they have put together several support options in this regard. You can reach out to their agents through email or you can contact them via phone as well. The broker has also added an online contact form that can be used. These options are available 24/7 and you will receive a prompt and proper response from their representatives.
Having no hefty commissions, competitive spreads and an array of tools and features to assist you, 4TFX has ensured that every trader, no matter what their experience or background, can trade CFDs of their choice easily and profitably.