Central Trade Review
The traders who are looking for a brokerage platform that can help them to earn profits under satisfactory security measures, Central Trade is one of the best options. It is a perfect combination of all the required tools and features a trader expects from its broker. In this Central Trade review, I will tell you about its major features in detail.
The number of available brokerages has increased significantly in recent years. But the higher number of available options sometimes makes the decision a little more difficult for traders. Traders cannot go through every brokerage platform as the number is in the thousands. If a trader attempts to do so, it will take him years because, in this time, hundreds of new options will also appear before him. Among so many available options, only a few are capable of helping traders avail the opportunities, and the rest are either fraudulent or fake. But finding a genuine broker is a must thing because there is no other option as a brokerage is a compulsory element for online trading.
If you look at the current situation of the market, you will see that the number of cyber-crimes has increased significantly in the last couple of years. Fraudulent brokers are continuously exploiting innocent traders. In this situation, the traders who try to save time by signing up with random brokers have a high chance of getting tricked. It is because setting up a fake brokerage platform has become very easy. All they need is to develop a website and link it with an anonymous bank account.
If you don’t want to risk your hard-earned money, of course, no one wants; you should properly check the background of the broker you are planning to work with. It will take some time, but eventually, it will save you from a great deal of worry and loss of money. But it is better for you to go for a brokerage platform that is already verified by professional traders instead of jumping from one broker to another. But you don’t need to worry because I have found a good brokerage platform, and I am going to share its details with you in this review. Let’s begin the review without any delay.
Central Trade – Introduction
Central Trade is a comparatively new brokerage platform, and it is based in St. Vincent and the Grenadines. It is owned and operated by Tristan Invest LLC with registration number 1064 LLC. When you compare it with old platforms, you will notice that it is much more advanced technologically. It has received a great response from traders as its trading volume has crossed 100 million dollars. It caters to both beginners and professional traders and offers them every facility for achieving their targets. You may find some other brokers making the same claims as well, but you should know that they deliver nothing of what they claim. Now I will tell you the features which are the reason why you should select this broker.
Central Trade – Trading Platform
There are two types of trading platforms. Some are readily available, and brokers just use them. All the brokers who use them provide similar features, and the reader gets nothing new. But some brokers design and create their trading platforms. These are called customized trading platforms, and they fulfill more requirements. What Central Trade has done is simply marvelous as it has developed its web trader, which is based on the MetaTrader4 trading platform.
The web trader Central trade is providing facilitates every type of trader, such as beginners, veterans, professionals, and experts. The key characteristics of this trading platform are:
- Allows to cut deals directly through any browser
- Trades execution with one click only
- Set every kind of orders
- A real-time window for market quotes
- Option to select a time frame from 9 given options
- Three different types of price charts
The trading platform is user-friendly because it is simple and easy to use. It is so well designed that there is no need to download and install the application. But those who like using apps can download the apps for windows and android devices. It means you can use the platform on mobiles as well, and in this way, you can use it anywhere at any given time. This provides traders the required flexibility and makes them able to trade whenever they feel comfortable. Above all, the technological superiority of the web trader provides you a lagging free trading experience, and you will never see sluggishness. The only requirements of a web trader are a web browser and connection to the internet.
The trading tools provided by Central Trade are also very impressive. Through bars and candles, it keeps traders updated with the live prices of famous trading assets. A price calculator is also available for the traders to measure if they can afford a particular trading instrument or not. And if you are offline and a big opportunity or price fluctuation is witnessed, then the trading platform will generate an automated notification on your email address to inform you. You will be able to utilize charts, graphs, trading signals, an economic calendar, and the latest market news. All these tools will make your trading experience easy and memorable.
Central Trade – Security
No one can deny that the internet has changed our lives and has provided plenty of advantages, but still, there is one thing that you always need to remember is its security risks. Many cybercriminals are waiting for the right opportunity to exploit traders. Every single trader in this market is at risk of getting looted. Fake brokerage platforms can steal your personal information and money that you share with them, considering them your helpers. This is a huge risk that every trader has to take, due to which you want to minimize it as much as possible.
The security of traders is the responsibility of brokers. It is their role to play because traders sign up with them for this particular reason. It is their network that gets attacked by hackers and other cybercriminals, so they need to protect traders’ information and money at any cost. But brokers show utter negligence in this matter and don’t take this task seriously. If you trace, you will find countless incidents where traders suffered because of their chosen broker who didn’t bother to provide them adequate security. Central Trade has done an outstanding job in this regard because they have taken the required steps to not just ensure the safety of funds but the information as well belonging to traders.
Central Trade has chosen to deposit traders’ funds in segregated accounts, which means that brokers’ funds are kept separate from customers’ deposits. This step guarantees that your money is only used for trading and not for the broker’s obligations. Other than this, the deposits are kept in the accounts of renowned banks, so the risk of theft is the minimum. Moreover, if at any time Central Trade files for bankruptcy, your money would be returned to you.
Segregated accounts only secure the money, so Central Trade has used one more method to secure the information. It encrypts all the information of its traders immediately after receiving it. The encryption method being used by Central Trade is called SSL (Secure Socket Layer). SSL is the latest encryption technique, and it is considered one of the safest methods to secure data.
Along with these features, Central Trade has also implemented two key security policies. These policies are named Know Your Customer and Anti Money Laundering. Both are internationally recognized policies and require traders to upload documents as proof of identity and address. The former can be provided via a national ID card, passport, or driving license. The latter requires any utility bill showing your name and address, whether water, electricity, or gas, or a bank statement. These documents after submission are thoroughly verified by the broker before deposits and transactions. Statistics have proven that both these policies are highly effective in reducing the crime rate.
Central Trade – Trading Instruments
Security is undoubted of utmost importance for a trader, but your decision about a broker cannot solely rely on this aspect. There are many other aspects as well that also play a pivotal role in your choice, and these must be taken into account in an attempt to ensure that you are not making a blunder. The trading instruments that you can trade on a particular platform are one of those factors because they can have a great influence on the profits you end up making. The online trading market is filled to the brim with trading instruments, but the fact is that all instruments are different and require a different kind of knowledge.
Some trading instruments are more volatile than others, which means that their profits will also vary according to the fluctuation. The number of available instruments is also worth checking because fewer options lead to more risks. You try your best to diversify your investment, as it is regarded as the best way to mitigate the risks attached to online trading. But this is only possible if there are enough options in front of you. No matter how you look at it, you will see that Central Trade is offering you everything that you may need. It gives its clients access to all the top financial markets and has more than 200 trading assets listed on the website. With so many available options, it becomes easy for traders to diversify and manage their portfolios. Let’s check out some of the available options at Central Trade.
Stocks: Stocks is the most famous financial market in the trading world. Not just the biggest but provides high-profit percentage as well. Here on this platform, you can buy shares of all the famous countries. These include prominent names like Amazon, Boeing, Nestle, Tesla, and Apple.
Forex: Forex (Foreign currency exchange) is also a popular trading instrument. In this kind of trading, people purchase the currencies which have high demand and sell them when their prices go up. There are hundreds of currency pairs that can be traded here at the Central Trade brokerage platform. It has added some of the most profitable ones, including USD/JPY, EUR/USD, AUD/NZD, USD/CHF, and GBP/USD.
Indices: This trading instrument is similar to stocks trading and is quite lucrative because you can trade multiple stocks together. There is a large number of indices that you can opt for, such as Dow Jones, FTSE 100, CAC 40, and many others.
Cryptocurrencies: Unless you have been living in a forest, you have surely heard of digital currencies. This is the most volatile and lucrative trading instrument among the other mentioned options. Bitcoin is not the only one that exists, and Central Trade has added some other popular ones as well, for instance, Litecoin, Ethereum, and Ripple, to help you enjoy returns from this market.
Commodities: For traders who have a low-risk tolerance and prefer stable returns, commodities are the most suitable options for them. There are two types of commodities, and both of them can be traded with Central Trade. These are called soft commodities and hard commodities. Examples of available options are metals, food items, and energies.
Central Trade – Trading Accounts
Now, it is the right time to look at the account types that you would be provided by Central Trade because it is the norm to open an account with the broker before starting trading. As Central Trade is providing its services to every type of trader such as newbies, learners, experienced, it has to offer multiple account options. No two traders have equal investment, trading style, and risk appetite, and their previous experience and education can have a big impact on the account they choose. It should also be observed that there are two different options for you to explore when you want to open an account here.
Central Trade offers two types of accounts for its beloved customers. The first one is a Real account, while the other is an Islamic account. A Real account is an account with a lot of features. The features unlock depending on the investment a trader makes. The higher the investment, the higher gets the number of features. According to the money invested by a trader, he gets an account with a title such as Bronze, Silver, Gold, and Platinum.
On the other hand, as the name suggests itself, the Islamic account is for Muslims only. It is based on Shari’a rules. In Islam, interest is forbidden, so this account doesn’t offer any interest. So the traders get an option to hold positions overnight and manage contracts on the spot. Interest is neither deducted nor deposited in an Islamic account. The account opening process of both the Real and Islamic accounts is the same.
Central Trade – Customer Support
Not every person who is trading in an online market has solid financial support and understanding of the market. As this is not a requirement, a lot of people jump on the battlefield and with the hope of learning with practice. There is no harm in doing so if you have the right resources in reach. You will have the best resources at your disposal at Central Trade because they have added plenty of educational resources for their customers. The resources include tutorials, video lectures, and e-books that can be very useful.
Beginners can use this material for a better understanding of the market. There are also webinars and seminars that Central Trade has added, which can prove very useful for not just beginners but experienced traders as well. Other than this, the customer support service offered by Central Trade is also worth mentioning. There could be a question you may have about their features and services, or you may face any technical problem during the execution of trades. The agents remain available 24/7 to help the traders. No matter what the situation is, you could require help.
The thing which impressed me the most was that as soon as I landed on the website, a chat window opened on my screen where a customer support representative of the broker greeted me and asked if I needed any help. This is a one of its kind feature which I never witnessed on any other brokerage platform. Other than this, you can email your query to the broker as well. But if you don’t like typing, then you can use the phone numbers to call the broker directly. No matter what medium you use for contact, the response will be fast and satisfactory.
I have mentioned all the major reasons now, and if you combine all these reasons, you will get a clear picture. Central Trade is the right brokerage solution you need to hold your feet in the online trading market. I recommend you this broker and leave the final decision to you.