It is essential to bear in mind that not every broker is the same and you cannot expect each of them to offer you the same quality of services. Moreover, the online space is also rampant with scammers, so you have to be cautious and not be lured in by one. It is immensely easy for these cybercriminals to setup a fake website and entrap people who don’t do proper research. This is where reading reviews come in. If you don’t want to learn your lessons the hard way, it is better to do your homework and read reviews because this will help you in making the right choice.
You will find that there are a number of brokers that offer you similar services and this can often be confusing because you are unable to decide how to distinguish one from the other. Why should you sign up with one and ignore the rest? This is what you will wonder when you come across CryptoMatex, which is catering to traders in more than 60 countries for now and has amassed a lot of attention due to its services. Let’s take a look at some of the reasons to consider using their services:
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Broker |
CryptoMatex |
|
Website |
|
|
Trading Accounts |
Four Account Options; Basic, Silver, Gold and Platinum |
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Minimum Deposit |
€250 |
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Assets Coverage |
Forex, Cryptocurrencies, Stocks, Indices, Commodities, CFDs and ETFs |
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Trading Tools |
Trading Indicators, Signals, Live Charts, Technical Analysis Tools,
Price Alerts, Market Calendar and Risk Management Tools |
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Education and Training |
Yes; , glossary, e-books, online video courses, webinars, tutorials
and market analysis |
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Customer Support |
24/5 through email, phone number, online contact form |
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Security Policy |
KYC (Know Your Customer) and AML (Anti-Money Laundering) |
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Parent Company |
CryptoMatex |
Reason 1: The plethora of trading products
If there is one reason to consider using a broker’s services, it is their trading products. The financial markets tend to be quite volatile due to which they are able to offer high returns, but there are risks as well. You can make equally high losses if the market moves in the opposite direction and the best way to balance these risks is to invest in different types of instruments. Diversification is the name given to this strategy and you can spread out your investment across different markets, which can mitigate the risk significantly. However, you can only implement it when the broker provides you with enough instruments.
This is where CryptoMatex can be a good fit because they not only claim, but do provide access to the top financial markets in the world. They have incorporated more than 200 instruments on their platform from these markets and give their clients room to choose and invest in as many instruments as they want. You can find cryptocurrencies, the hottest instruments these days, on their platform, including prominent ones like Bitcoin, Litecoin, Ethereum and Bitcoin Cash. You can also trade traditional fiat currency pairs in the forex market, such as EUR/USD, GBP/USD, USD/CHF, AUD/NZD and EUR/CAD, amongst others.
The volatility of this market can generate substantial profits for people. CryptoMatex has also given traders the option of investing in the stock market, which is also known for its returns. These include stocks like Apple, Google, Microsoft, eBay, Barclays, Twitter, Pfizer and more. For stable and consistent returns, you can go with commodities, such as precious metals like gold and silver, energies like crude oil and natural gas and agricultural items like wheat, coffee, corn and rice. The indices market is another one that’s full of lucrative opportunities and you can try your luck with top indices like NASDAQ 100, FTSE 100, S&P 500 and DAX 30.
Reason 2: The versatile trading platform
Regardless of how appealing the trading products of a broker are, they shouldn’t be the only reason for you to choose the company. You also need to take into account their most important feature i.e. the trading platform because this is the one that you will engage with for trading purposes. It is the software that executes trades in the financial markets, so you have to ensure that the company has a platform that’s equipped to handle the job. If the platform is lacking in any way, doesn’t perform properly or is outdated, you will not be able to trade proficiently and profitably.
The platform available varies from broker to broker, so it is recommended that you get to know beforehand what you will get. This can help you in avoiding the process of having to switch companies because you were not happy with the trading platform. CryptoMatex has developed a web trading platform for their clients, which can deliver the ultimate trading experience to amateurs and skilled traders, alike. Boasting cutting edge technology, the trading platform offers one-click trading and superior trade execution that allows traders to take advantage of as many opportunities as possible.
The trading platform doesn’t have to be downloaded because you can access it via the browser and this is a convenience that appeals to many traders. Furthermore, it allows traders to use the platform on any device they have handy, instead of being restricted to one. A feature-rich trading platform has been developed by CryptoMatex, so traders will not experience a shortage of tools. They can find trading signals, technical indicators, and different types of charts, price alerts and the latest financial news. The platform also has a customizable layout, making it easy for traders to make changes.
Along with this trading platform, CryptoMatex has also added mobile support, so it can be used on both Android and iOS devices with ease. The same tools and features are accessible on mobile devices, giving traders the freedom of trading from anywhere and anytime. With access to a mobile platform, they can trade 24/7 and have complete control of their trading account.
Reason 3: Their robust security
While online trading offers a lot of benefits and convenience to people, it also carries a lot of risk. There are trading risks to be dealt with, but that’s not all. You also have to face some security risks because the internet is a hotbed for scammers and criminals, who are looking for an opportunity to exploit people. You can easily find hundreds of stories of people who signed up with brokers and had their funds stolen, or their personal information ended up in the wrong hands. These can have serious consequences that people want to avoid and this is only possible when you opt for a company that offers you robust security.
When you check out CryptoMatex’s security features, you will certainly be reassured because they have not ignored the risks. Instead, they have taken steps to mitigate them as much as possible and to provide their clients with a secure trading environment. First off, the presence of a privacy policy tells you exactly how your information is used. Plus, they reassure you that your data is not shared, sold or rented to any third-party without your consent. They have used advanced SSL (Secure Socket Layer) encryption for protecting all data and to prevent unauthorized individuals for accessing it.
They also comply with the KYC (Know-Your-Customer) and AML (Anti-Money Laundering) policies that are designed to create a secure environment. Traders have to provide documents for verifying their identity, such as international passport, driver’s license or a national ID card, and verifying their address, such as a utility bill, credit card bill or a bank statement. CryptoMatex is able to reduce the risk of money laundering, terrorist financing, financial fraud and identity theft in this way.
To keep your funds safe, CryptoMatex has opted for segregation of accounts. This indicates that the company’s own accounts are kept separately and there is no mixing of funds that can lead to misappropriation. If the company was to file for bankruptcy in the future, the deposits would be returned to the clients.
Reason 4: Their varied account options
The account that traders open with a broker is used for keeping track of their personal information, their trading history, their finances and other relevant information. These accounts also provide users with access to tools and features and come with some requirements. Therefore, traders are looking for brokers that can offer them comfortable and versatile account options that are in accordance with their trading style, risk appetite and capital. CryptoMatex has introduced varied account options for accommodating traders from all walks of life.
Whether you are someone with zero knowledge, or have been around the financial markets for years, you will have an account option for you. There are a total of four choices that have been introduced by CryptoMatex on their platform. The first one is called the Basic account and this one is meant for newcomers in the financial space, so they have to deposit just €250 to open it. However, they are free to increase their investment to as much as €4,999 if they want. The account gives them leverage of 1:50 and 24/5 customer support. It also comes with a no-interest loan on deposit of 10%.
If you want an account with better conditions because you are an intermediate trader, CryptoMatex has created the Silver account. This one requires a minimum deposit of €5,000 and gives you a higher leverage of 1:100. A 20% no-interest loan on deposit is also available and the maximum amount that can be invested here is €24,999. The third account option that you will find is known as Gold and it can be opened with a deposit of €25,000. This one is for advanced traders who can make this deposit and they can go as high as €100,000.
They get an impressive leverage of 1:200 and a 30% no-interest loan on deposit. There are some other perks that are also part of this account at CryptoMatex. These include a daily market review, free monthly webinars, a VIP mentorship program, a one-on-one educational course, events analysis, direct line to the account executive and trading alerts. The Platinum account is the last option that you will find on their platform and this one is aimed at professional traders. Therefore, the minimum deposit needed for this account is €100,000. It offers all features of the previous accounts and has some additional ones as well.
Traders can get a 40% no-interest loan on deposit. They are also given a money management plan to help them, trading signals that can be useful and event trading.
Reason 5: Their payment solutions
To open an account, you have to meet deposit requirements, which means figuring out how to make your payments on CryptoMatex. They have added a range of options that can be used by traders for deposits and withdrawals. You can go with the traditional option of bank wire transfer, or you can try out debit and credit cards, such as Visa, MasterCard and Maestro. Even cryptocurrency support is available on the platform. Deposits are usually processed instantly and with no additional charges involved. Withdrawal requests do take a couple of days for approval and processing and the cost will depend on the method you have chosen to use.
Consider these reasons and it will be easy to see why CryptoMatex can be a good choice for traders who want a seamless trading experience in the financial markets.