#etoro customer service number uk

[ailtrahq]

Amid the growing popularity of digital assets, there is an overwhelming need to understand the regulatory standards. Moreover, this includes knowing whether or not you are able to purchase digital assets with your specific financial institution. With regions differing in how they approach the industry, we break down how to buy crypto with Monzo Bank. Monzo is an online banking company that provides financial services for a host of customers. The company provides personal banking and financial services to those with a Monzo bank account, which is based in the United Kingdom. Yet, does Monzo even allow the purchase of crypto? Let’s delve a bit deeper. Can You Buy Crypto With Monzo Bank? Source: Bloomberg If you are based in the United Kingdom, then you are likely well aware of Monzo Bank. They are a regulated bank in the region, and they service more than 7.4 million customers as of 2023 data. Subsequently, the bank itself has answered questions regarding the ability of users to purchase cryptocurrency with the bank. According to the bank, you cannot buy crypto directly from Monzo Bank. Specifically, the company states that in order to purchase digital assets as a Monzo Bank customer, “you can use a range of cryptocurrency exchanges to buy crypto as part of your personal banking with us.” “Like all regulated banks, from time to time we may block a small number of transactions based on risks,” the financial institution stated. “This applies to all transactions, not just those involving cryptocurrencies. Therefore, the ability to purchase crypto with a Monzo Bank account is certainly a possibility; it just requires an intermediary. Customers who utilize Monzo banking services will be able to purchase assets like Bitcoin (BTC), Ethereum (ETH), and more with a Monzo bank card as long as they first sign up for a cryptocurrency exchange. How to Purchase Crypto With Monzo Bank? Source: Crypto News As previously mentioned, the only way to purchase crypto with a Monzo bank account is through a cryptocurrency exchange. However, as we have also stated, regulated exchanges are all dependent on where you are located. For the purposes of Monzo Bank users, you would be located in the United Kingdom. Therefore, you must sign up with a cryptocurrency exchange in the UK in order to utilize British Pounds (GBP) for your digital asset purchases. Because Monzo doesn’t directly handle crypto, you will be forced to utilize their banking features alongside an exchange. The most popular option for your crypto exchange needs would be eToro. Specifically, this option is most beneficial because it is an FCA-regulated platform that accepts British Pound deposits. Indeed, with eToro, you will be able to make your purchases directly from your Monzo application. The platform will allow you to invest in more than 3,000 digital assets and other asset classes. Additionally, the processes are rather simple, as eToro makes it easy to sing up and start trading. First, you will need to conduct any verification requirements with the platform. Secondly, you will navigate to the deposit screen. Then, you would select the British pound as your currency in order to start the transfer process. Finally, you will complete the deposit and start purchasing the digital asset of your choosing. What Are the Fees? An important part of investing and working through exchanges is understanding what fees you are in for. This is especially important as you embark on your digital asset investment journey alongside Monzo and a prominent crypto exchange. There are a lot of fees that you should come to expect as you start investing. Moreover, these can range from withdrawal fees to transaction fees and pricing spreads. However, something that makes eToro a viable investment option is that it remains one of the most cost-effective platforms on the market. The platform gives users the opportunity to invest with affordable deposits, helping Monzo users get into the practice. Moreover, they lead the industry in fees with a 1% spread and no commission cost.

Therefore, it is ranked ahead of a platform like Coinbase, which offers spread fees that can surpass the 2% mark. Conclusion Although Monzo Bank does not directly work with digital assets, you can still purchase crypto with them as your banking provider. The company understands the growing industry and doesn’t shy away from its popularity among its customers. Moreover, recognizing new options that are regulatory-compliant and present as a Monzo customer is a huge plus. The bank has a working relationship with regulated companies and is seeking to point its users in the right direction. Subsequently, you can be sure that your digital asset investment journey with Monzo is in good hands.

[globalinsightsservices]

Online Investment Platform Market overview by recent opportunities, growth size, regional analysis and forecasts to 2031

The global Online Investment Platform market was valued at USD 1.9 Billion in 2022 and it is anticipated to grow up to USD 6.3 Billion by 2032, at a CAGR of 12.9% during the forecast period.

New York, Global Online Investment Platform Market report from Global Insight Services is the single authoritative source of intelligence on Online Investment Platform Market . The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.An online investment platform is a website that allows investors to buy and sell investments online. This can include stocks, bonds, mutual funds, and other investment products. Online investment platforms typically offer features such as account management, portfolio analysis, and research tools. Some platforms also offer mobile apps, which can allow investors to manage their portfolios on the go.

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Market Trends and Drivers

The future of the investing platforms is predicted to change owing to AI. Through the use of robo-advisors, businesses are integrating AI into their trading platforms. The platform equipped with AI technology enables consumers to keep track of a large number of data pointers and carry out procedures at the best possible cost. The technology also enables analysts to do highly accurate market research and assists trading organizations in effectively reducing risks to provide better returns. These elements may result in market expansion during the forecast period.

Moreover, investments can be financed by borrowing or current savings. Interest rates have a significant impact on investment. Borrowing becomes more expensive at high-interest rates. Because investors forfeit the interest payments at higher interest rates, investing has a larger opportunity cost. Companies invest to satisfy future demand. If demand is declining, businesses will reduce their investment. Businesses will increase investment if the economy looks better because they anticipate increased demand in the future. Strong empirical data supports the cyclical nature of investing. Investment declines during a recession and rises with economic expansion.

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Global Online Investment Platform Market Segmental Overview

By Component

Solution

Services

By Deployment

Web-based

Mobile-based

By End-user

Banks

Investment Management Firms

Trading & Exchange Firms

Brokerage Firms

Others

By Region

North America

The U.S.

Canada

Mexico

Europe

UK

Germany

France

Spain

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific

Rest of World

Latin America

Middle East

Africa

Major Players in the Global Online Investment Platform Market

The matrix is designed considering the major strategic developments including Mergers & Acquisitions, product launches, partnership among others and the financial strength of the company in the considered years. The major strategies followed by the market participants are Product Launches. Companies such as eToro Group Ltd, Fidelity Investments Inc. and Temenos AG are some of the key innovators in Online Investment Platform Market.

The key players in the Online Investment Platform market are eToro Ltd., Fiserv, Inc., Profile Software, Fidelity Investments, E*TRADE Financial Holdings, LLC, Temenos AG, SS&C Technologies, Inc., FIS, InvestEdge, Inc. and Calypso Technology, Inc., among others.

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• 10-year forecast to help you make strategic decisions • In-depth segmentation which can be customized as per your requirements • Free consultation with lead analyst of the report • Excel data pack included with all report purchases • Robust and transparent research methodology

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Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

Contact Us:

Global Insight Services LLC 16192, Coastal Highway, Lewes DE 19958 E-mail: info@globalinsightservices.com Phone: +1-833-761-1700

[godreamnft]

How To Pick The Best Cyptocurrency Brokerage.

When choosing cryptocurrency brokers, it is crucial to conduct preliminary research. There are a number of factors to consider, including the fees the brokerage charges, the level of customer service offered, and the broker’s overall reputation.

Another important factor to consider is the cryptocurrency platform the brokerage uses. Some brokers offer both cryptocurrency and traditional stock trading platforms, while others focus exclusively on cryptocurrencies. It’s important to find a broker that offers the features and accessibility you need to execute your trades successfully.

eToro 6 Best Cryptocurrency Brokers In Australia And Canada eToro Founded:2007. eToro is a multi-asset brokerage business and social trading platform that specializes in financial and copy trading services. Registered offices are located in Cyprus, Israel, the United Kingdom, the United States, and Australia.

Pros

Low minimum investment Offers access to more than 30 cryptocurrencies User-Friendly Platform Social investing- You can imitate the track records of other great traders. Cons

No crypto-to-crypto trading High Trading Fees Avatrade This is a one-stop shop for a wide range of financial asset classes, including forex, stocks, commodities, indices, and cryptocurrencies. The broker is based in Dublin, Ireland, and has regional offices in Australia, South Africa, China, Japan, France, Spain, and Italy.

Offers access to more than 55 cryptocurrencies

The AvaTradeGO app may be more convenient for some people than MetaTrader 4’s simplicity of use.

Eightcap Eightcap is one of the most affordable Australian forex brokers. The account opening procedure was quick and simple, with free deposits and withdrawals available via a user-friendly interface.

Eightcap, a multi-award-winning Forex and derivatives broker based in Melbourne, Australia, was founded in 2009 and offers CFDs on stocks, currencies, indices, commodities, and cryptocurrencies.

SpreadEx Spreadex is a well-known online brokerage business that specializes in spread betting and online trading. You may gain quick access to the markets for spread betting and trading CFDs on a very amazing array of financial instruments across a number of asset classes, including forex, crypto, and so on, using the broker’s own web-based trading platform and smart mobile applications.

Minimum Deposit: $0

Axitrader There are a total of 53 currency pairs accessible for trading, as well as CFDs. Devoted to seeing you succeed in the long run. Fundamental tools, training materials, trade knowledge, and professional coaching to help you grow over time

Axi is governed by a number of financial regulators throughout the world, including the UK’s Financial Conduct Authority (FCA), Australia’s Securities and Investments Commission (ASIC), and the Dubai Financial Services Authority (DFSA).

Ovalx It is a global commerce platform in the sense that it operates in 190 countries, including those in Africa and Europe. The United Kingdom, Germany, Australia, South Africa, Thailand, and China are among Ovalx’s primary markets.

Minimum Deposit: 100

Cryptocurrency Brokers Fees Crypto brokers’ fees can vary a lot, but some common fees are usually around 0.25% of the traded value. This means that if you are trading $1,000 worth of cryptocurrency, you might pay $25 in fees. Fees can also increase if you are trading in high-volume assets. Some brokers also charge a fee for withdrawing funds.

Is a Cryptocurrency Broker Trustworthy? Cryptocurrency brokers are a popular way to invest in digital currencies. But are they trustworthy?

The short answer is that some cryptocurrency brokers are more trustworthy than others.

Some cryptocurrency brokers have been around for a while and have a good reputation. These brokers are usually the ones that offer the most comprehensive trading platforms and have the best customer service.

Other cryptocurrency brokers are new and may not have as much experience. They may not have as many trading platforms or may have less-than-excellent customer service.

If you’re looking for a cryptocurrency broker to invest in, it’s important to do your research and find one that you trust

[fxbrokersempire]

Honest Forex Broker Review - Fx Pro

Fx Pro Trading Brokerage Fully Reviewed

In this summary we are going to make a fully reviewed explanation of Fx Pro trading brokerage in some detail.

About FxPro

Founded in 2006, FxPro has executed more than 500 million orders since its inception and has serviced more than 1.8 million clients in over 173 countries. As of 2021, FxPro lists over $100m in Tier 1 Capital and has more than 200 employees across its 4 offices.

The FxPro brand holds regulatory licenses in the United Kingdom (UK) under FxPro UK Limited, Cyprus under FxPro Financial Services Limited, South Africa, and the Bahamas. Making Fx Pro a highly trusted broker by many retail & institutional traders.

FxPro competes among the top MetaTrader brokers, offering the full suite of MT4 and MT5 platforms with multiple accounts and execution methods. The only drawback to an otherwise balanced forex broker is pricing that is slightly higher than the industry average.

In the below table please take your time to view some of Fx Pro's features & benefits:

Start Trading Like A Pro With Fx Pro

Is FxPro Safe?

FxPro is considered very low-risk, with an overall Trust Score of 93 out of 99. FxPro is not publicly traded and does not operate a bank. FxPro is authorized by one tier-1 regulator (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). FxPro is fully authorized & regulated by the following tier-1 regulators: Financial Conduct Authority (FCA). Fx Pro is extremely unlikely to be a scam broker. and has been tried & tested by Fx Brokers Empire.

Commissions and Fees FxPro's pricing is slightly higher than the industry average, putting it at a small disadvantage compared to its peers, such as Etoro or HF Markets, who both also offer the full MetaTrader and cTrader suites just like FxPro does. However what they lose in price is far outweighed with better options & service. Execution method: On FxPro MT4, you can choose either variable or fixed spreads. For the variable spread pricing, there are two types of execution-based pricing: instant and market. Instant execution is subject to requotes but no slippage, while market execution has the potential for slippage but without requotes. Commissions: FxPro offers its most competitive spreads on its cTrader platform, which uses commission-based pricing. FxPro's effective spread to trade EUR/USD is roughly 1.27 pips, based on 0.37 average spread + 0.9 pip commission equivalent on cTrader, using August 2020 data. Spreads: FxPro's floating rate model (variable spread) is available on both MT4 and MT5, with EUR/USD spreads of 1.57 pips for accounts on market execution (1.51 pips on MT5) and 1.71 for accounts with instant execution, as per August 2020 data from FxPro. Fixed pricing: On MT5, there is no fixed spread offering, and only market execution is available. Other platforms such as MT4 and web traders offer fixed pricing models. Active traders: FxPro offers an Active Trader program, & provides loyalty rewards for its longstanding traders. Executing large orders: Without question, FxPro's best feature is its ability to execute large trading orders, which can be placed with no minimum distance away from the current market price. A high liquidity broker which is important for high frequency & big money traders

Platforms and Tools Thanks to offering MetaTrader, cTrader, and its own in built proprietary FxPro Edge web platform, traders at FxPro have a diverse selection of platform options depending on their trading style. Both beginners & experts can enjoy trading and perform with there respective platforms. MetaTrader suite: FxPro offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platform for web and desktop. A notable add-on is available for MT4 which is the suite of trading tools from Trading Central that can be rather helpful. cTrader: The FxPro cTrader platform is available for web and desktop. The cAlgo platform can also be used to enable algorithmic trading when using cTrader at FxPro. Proprietary platform: FxPro Edge is a light web-based platform that has robust charts and a responsive design. There are a few default layouts, and users can drag and drop the modules to rearrange them and add new widgets. Overall, there is a good foundation established for the future, especially for such a new in built platform. There will definitely be more updated features to this platform to enhance traders performance. Research FxPro provides great daily market updates and analysis on its blog, along with content from third-party providers. Overall, we found the written articles from FxPro's in-house staff to be of a good quality. More Video content would help fill the gap in research, as FxPro's YouTube channel is mostly webinars, platform tutorials, and promotional videos. FxPro News blog: There are multiple articles per day available on FxPro's dedicated blog, including its 'Market Snapshots' series. These articles provide a daily outlook and are nicely organized, making it easy to consume, understand & apply in volatile market conditions. Traders dashboard: FxPro has a client portal where users can access sentiment data for various symbols and forex pairs, along with the trading session times and a summary of gainers and losers. There is also an integrated economic calendar. Adding trading capabilities to the client portal, or merging these features with the Edge platform, would help to centralize these resources in one place.Fx Pro Education FxPro has a general education section where it provides written materials, along with some educational videos on its website. Overall, FxPro has a good foundation of educational content. Expanding its coverage and adding other videos on some more advanced trading elements would balance out the FxPro educational offering.Written content: FxPro's educational section features mini cards with key information and short paragraphs explaining things like "what is a stop out" in less than six sentences. There are 36 cards in the Psychology section and four other areas, each with a collection of learning cards. There is even progress tracking, so you know which modules or chapters you have finished, which is a nice touch.

Mobile Trading

Alongside providing its proprietary FxPro Direct app for trading, account management, and basic market news, FxPro's mobile lineup is powered by the same third-party providers as its desktop and web-based platforms: MetaTrader (Meta Quotes) and cTrader (Spotware).

cTrader: FxPro's white-labeled version of cTrader is consistent with the web-based platform, offering traders a really friendly & easy to use trading experience with a variety of trading tools. As far as third-party mobile apps go, cTrader is very versatile.

MetaTrader: The mobile versions of the MT4 and MT5 platforms are presented as standard from the developer with default features. In 2021, FxPro is a Best in Class MetaTrader Broker due to a range on smart trading indicators & strong liquidity.

FxPro Direct: The FxPro Direct app is the broker's proprietary mobile app which supports trading for users that have a CFD account, but is mainly optimized for account management. With just a quotes, trades, and history tab, we found that the FxPro Direct app was not very ideal for trading, compared to FxPro's other available mobile platforms. Meanwhile, the FxPro Edge platform is not yet available for mobile.

While FxPro does not stand out for its pricing, FxPro is a well-capitalized, trustworthy broker that offers multiple platform options, multiple execution methods, and, for professionals, can cleanly execute large orders. Fx Pro Trust FxPro scores quite well when it comes to reputation and trustworthiness. Most importantly, they are regulated in the United Kingdom, which is reputedly safer than some regulators in the EU. FxPro also advertises that they have one of the highest counterparty credit ratings in the industry, scoring  a whopping 95 on a hundred point scale, where a high score indicates a lower risk of default or bankruptcy. They also participate in the Financial Services Compensation Scheme (FSCS) that allows clients to claim compensation in the event FxPro were to become insolvent up to £80,000. They also offer clients negative balance protection under new EU guidelines that prevent clients from losing more money than they have deposited. So they are clearly not worried about liquidity issues as they have good insurances in place. One negative for FxPro is the absence of guaranteed stop‑loss orders. Some brokers offer this feature for a fee, but this is not offered by FxPro at all. Fx Pro Special Features FxPro offers traders algorithmic trading through cTrader, which is an advanced algo and technical indicator coding application that allows traders to create and build algorithmic trading strategies and custom indicators. This is a smart technological feature that is not offered by many brokers and definitely worth checking out. FxPro also offers a Virtual Private Server (VPS) that enables clients to upload and run MT4 Expert Advisors and algo bots, 24 hours a day, without needing to keep the trading terminal running. These applications also allow for back testing of trading strategies.

Fx Pro Customer Support FxPro prides itself on its "five‑star customer service," specifically its multilingual, 24‑hour Monday‑through‑Friday (24/5) customer service team. Their live phone support operates in several locations with a toll‑free number in the U.K., France, Germany, UAE, and Russia. Live chat is offered for both live trading clients and prospective clients. Unlike other brokers, they have a physical office in London with a reception desk that is open from 7:30 a.m. to 4:30 p.m. Some social media support is available on Twitter, but this is mainly news related rather than specifically for customer support.

Please Note: The FCA has a ban in place for the sale of crypto-derivatives to UK retail consumers as from 6th January 2021.

Fx Brokers Empire's Conclusion For Fx Pro

We recommend trading with this broker and find it to be a very trustworthy broker. Due to its popularity and multi tiered regulations, Fx Pro is extremely unlikely to be a scam. Fx Brokers Empire recommends using Fx Pro for its high liquidity & execution service. Along with outstanding customer support based on our own experiences & our client feedback. Using there run on line 'Trade Like A Pro' they definitely have weight in there words and offer some decent trading features. We further recommend not to start a investment account with Fx Pro in excess of £25,000 initially until you get used to the platform offered and all its features. Fx Pro is a highly popular trading choice & has a well branded name that delivers results for its traders, across Europe, Asia & most definitely in the UK as a trusted broker.

Fx Brokers Empire rates Fx Pro as a 4.5/5 star broker

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Start Trading Like A Pro With Fx Pro

[etorocryptomoon-blog]

eToro Review 2020: Read the features, pros, cons, and license details before investing

About eToro

eToro finds it’s identity as one of the leading social trading leaders and multi-asset brokerages. This online broker allows users to buy, sell, and trade a wide range of financial instruments. eToro takes pride in creating state-of-the-art, robust, and proven technologies which offer online trading through powerful and intuitive tools designed specifically to increase the trading performance.

eToro has served over 10 million users across the world. With that being said, eToro sure has expanded exponentially, and that’s why we decided to explore it in-depth and review what the fuss is all about. In this article, we’ve covered everything you need to know about eToro - including the pros, cons, how the platform works, fees, regulation, what asset eToro allows users to trade, and more.

Let’s start with an overview of the company:

About eToro

Founded in 2007, eToro was launched by three entrepreneurs who aspired to make trading convenient for everyone. In 2009, eToro launched WebTrader - an intuitive, online cutting-edge trading platform that enabled easy access to trade financial assets. In 2010, eToro launched OpenBook, the world’s first social trading platform, and in 2013, the company introduced a wide selection of stocks. Later on, in the year 2016 & 2018, eToro introduced CopyPortfolios and a state-of-the-art US cryptocurrency trading platform. With eToro, users can trade equities, forex, cryptocurrencies, stock market index, ETFs, commodities, and more.

Pros of eToro: 

One of the best advantages of using eToro is that the broker is apt for newbie traders. Irrespective of a user’s prior experience or lack of knowledge in buying and selling of assets, eToro makes it extremely convenient for everyone to onboard. Furthermore, it was one of the first pioneers of the online social trading phenomenon. Some of the pros of eToro are as follows:

● A highly intuitive trading platform ● Great UI and UX which makes it simpler to use ● Highly regulated   ● Free stock and ETF trading in the EU ● Option for investors to earn from their followers ● There are thousands of different assets to trade ● Seamless account opening ● Social trading experience

Cons of eToro:

● It requires regular monitoring ● Money management can be complex for the non-Forex traders ● It is expensive for non-EU customers

What are the assets that can be sold or bought at eToro

Initially, eToro was only focused on CFDs, and that explains the general misconception about their assets. Most people believe that irrespective of the financial instrument a user has invested in, they cannot own the asset in real. But that is not the case.

Shares and Stocks:

When a customer purchases traditional share or stock through eToro, they get full ownership of the asset and can share their review on etoro trusted review. It works the same way as buying any other conventional stock. However, it is crucial to mention a few fundamental terms and conditions for the same to remain valid.

Cryptocurrencies

Since 2017, eToro has been offering cryptocurrencies as well. Digital currencies are the financial instrument that a user can own at eToro, as opposed to holding a  CFD. The customers who wish to withdraw a number of cryptos to their wallet, would require a full exchange like Binance or Coinbase. 

Forex

Forex are one of the most commonly used segments available on the eToro platform. In fact, this department also has a dozen of tradable currencies that are paired across the minor, major, and also exotic threshold. eToro has a comprehensive number of cross pairs including EUR/PLN, ZAR/JPY, EUR/PLN, and CFD/HUF.

Copyportfolios 

One of the most popular management services offered by eToro is perhaps the CopyPortfolio service that allows the users to copy different markets on the basis of their investment strategies. eToro users can avail copy portfolio services for crypto portfolio, cryptoEqual, and Crypto-currency.

Licenses and Security 

One of the highly important factors to consider when buying or selling on a brokerage platform is their regulatory and license status. eToro is licensed and secured through three different authorities and commissions, including the UK Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), and Cyprus Securities and Exchange Commission (CySEC) - all of these make eToro

Customer Service 

eToro has a responsive customer support team that is operational on a 24/5 basis and most responsive via the live chat facility, which also means that if a customer needs help during the weekend hours, they’ll be required to wait for the weekdays.

Fee and Leverage 

eToro allows their European customers to trade for free, while it charges a low fee for the users who are a non-EU client. The charges come in the form of spread - spread is the difference between the bid price and the asking price. In a few cases, eToro asks for extra charges, for example, the inactivity charges. Other than that, there is no custody, account, or deposit fee - which makes eToro one of the least expensive platforms for European customers. However, the currency conversion and the withdrawal fees are higher on eToro. But the company charges a customer only after they withdraw or deposit money in currencies other than US dollars.

Final Thoughts 

In summary, it’s evident that eToro is taking charges as one of the fastest-growing brokers in the social trading space. eToro, not only has established its identity as one of the super convenient platforms to use for social trading and multi-asset trade, but it also hosts hundreds of instruments that are tradable at different prices. While a large number of assets available on eToro are hosted in CFDs form, customers can still own both the cryptocurrencies and blue-chips outright.

eToro offers a plus-point in terms of supported payment method as it allows the users to deposit their funds using many options - bank account, credit card, debit card, e-wallet, and more. eToro is secure to use since it holds licences from different regulatory bodies to protect their customer’s finds. On the other hand, eToro is not a cheap choice for non-EU customers and the customer support service is available only on a 24/5 basis.

[etorocopytraderfan-blog]

How to start trading with eToro trading platform?

eToro is the world's leading social trading platform. By this, one understands the standard form of trading. The principle is simple-Investors share their opinions online about the traded financial instruments or give insight into their portfolio and trading strategy.

This gives other investors the opportunity to comment on the separate transactions, to orientate themselves and to copy the investments. Whether operated alone or in combination - involves a number of risks that the providers themselves have to point out. For more information about eToro trading platform, you can visit the website of TradingGator.

What is eToro?

The company was founded in Cyprus in 2007 and initially focused on forex trading. Over time, technologies have been developed, and other tradable assets integrated into the platform.

eToro - What is traded?

In addition to CFDs and currencies, today, you can trade stocks, commodities such as natural gas, oil or gold, indices, and ETFs. In addition, investments in cryptocurrencies are possible. So, you can buy at eToro XRP (Ripple), beyond Bitcoin, Ethereum, Dash, or Litecoin. There are 14 different cryptocurrencies to choose from.

Since 7.11.2018, the eToro Wallet is available, a mobile app for Android and iOS operating systems. Users can initially save Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.

Who regulates the eToro provider?

Under the umbrella of eToro, various companies are bundled:

The eToro (UK) Ltd. is headquartered in London and regulated by the UK Financial Conduct Authority (FCA), including a cross-border license.

The eToro (Europe) Ltd. is domiciled in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySec). The cross-border license granted by CySec entitles the company to provide services inside and outside the EU.

The eToro OFF Capital Australia Pty Ltd. owns a license of the ASIC or Australian Securities and Investments Commission. If you would like to contact the company, you can submit messages in the customer center.

On the other hand, the only telephone number given leads to a connection in Sydney; the provider does not mention a European alternative.

Website and account opening

The website of the Online Broker is available in 18 languages. On the homepage, the offer of the social trading platform stands in the foreground. In addition, a ticker represents the current prices of various financial instruments.

In addition, three customers will be shown with details of their own profits in the context of participating in social trading. Furthermore, there is a teaser that invites the user to become a so-called "popular investor," who makes his knowledge available to other investors.

Once the account is opened with the eToro broker, one can easily trade with the platform.  

[maskmanhk]

  eToro review

eToro was founded in 2007. Today it boasts as the world’s largest social investment network with over 2.75 million users across the world.

eToro aims to provide users with a simple, transparent and enjoyable way to trade in the global markets. It promises to be able to provide anyone; regardless of his or her investment style, with the right tools to further improve their trading. Among eToro’s goals is to gain your trust through transparency in their conduct.

Over time, eToro has become a major participant in developing the social trading environment.

We decided to check out how well it is doing to meet its objectives and how usable it is to an average investor.

Regulation

Initially when we began to investigate the company’s cooperate structure, we were amazed at the complexity of its cooperate network. It is not immediately apparent how the company is organized and in its website, it does not make it apparent. We realized that demonstrating the actual organization of eToro would be challenging to get across, so here we will list the names and details of different organizations associated with the eToro group.

eToro (Europe) Ltd: This is a company incorporated under the laws of the Republic of Cyprus and is regulated in Cyprus by the Cypriote Securities and Exchange Committee (CYSEC). It has its address in Limassol, Cyprus. This is the companies you enter into a contract with, once you fund your account. Formally, it was known as RetailFx Ltd.

eToro Group Limited: This is an unregulated company resident in the British Virgin Islands. It is also an approved principle of eTORO USA LLC. If your account is not funded and your contract is with this company; you would not enjoy any protection enjoyed by consumers under CYSEC regulations.

eTORO USA LLC: This is a Limited Liability Company registered in the US and a National Features Association (NFA) member. At the time of this review dated May 2014, ETORO USA LLC is registered only as an introducing broker (IB). Its business address is in Tel Aviv Israel and according to NFA records, it was formally known as TRADONOMI LLC. Earlier this year, its status as a “forex firm pending” was withdrawn. Consequently as we had noted, it is registered as an introducing broker (IB) only in the US.

eToro (UK) Ltd: This is a company with its principle address in London (UK), that is authorized to carry operations within the UK.

In our very intensive search on the major regulators databases, we could not find any disciplinary financial or regulatory cases involving any of these companies. So eToro gets a clean bill of health from us.

eToro acts as a broker itself, therefore there is no need to sign up with any other brokers. It also does not provide signals for use with other brokers. We were happy to see that eToro provides its traders with a comprehensive list of investment instruments to choose from; including currencies, commodities, indices, stocks and even Bitcoin. All transaction executed in eToro are in the form of Contract for difference (CFDs).

Demo accounts On eToro

It is important to test out the services offered by a company before depositing your money with them. As many other service providers, eToro also provides prospective customers with a free, fully functional demo account.

From the demo account, you can gauge how much your performance would be under different settings. It also allows you to be acquainted with the eToro’s trading platform and user interface.

Opening a demo account is a straightforward process. You can opt to open your account using Facebook to provide your personal details. You will need to provide your phone number to verify your account.

Live accounts

At any point, you can open a live account with eToro by simply funding your Demo account or choosing to register for a new one. Apart from the information required for opening a demo account, you will need to provide details of your payment methods. You will be happy to note that there are many funding options available to investors including Credit Card, PayPal, Neteller/1-Pay, Skrill (MoneyBookers), WebMoney, GiroPay (available in Germany only) and Wire Transfer.

One of the primary consideration for choosing a funding option, (apart from its availability), is the deposit limitation on each method.

Apart from a wire transfer, which has a minimum deposit of $500, every other option can be funded with at least $50.  There is no upper limit on the funding amount that is allowed through wire transfer. On the other hand, the maximum amount allowed for Credit Cards and Skrill funding is $5,000, while for all other methods it is $50,000.

The next question to consider is how do you withdraw money from eToro?

eToro has several methods available for withdrawing funds. These are PayPal, Skrill, Credit Cards as well as Bank Transfers that take between 4-7 days to process. We noted that for the Credit Card funding option, you will only be able to use a card that has been used in the system, when you deposited money under your name initially. On top of this, you will only be able to withdraw up to the amount you deposited. This essentially means that if you make a profit you will need to use other means to withdraw your profits.

eToro makes it very clear that it does not process withdrawals through MoneyGram or Western Union. The minimum amount that can be processed for any withdrawal is $20. There are certain fees that you will be charged, for each withdrawal ranging from $5-$25. It is important to note that there are severe restrictions imposed on withdrawing money or credits earned through its promotion. Basically, eToro classifies these credits from its promotions as “Non-Withdrawable Amounts” (NWA) and the only way to convert NWA to “Withdrawable amounts” (WA) is by earning portions of the amounts by incurring cost of spreads. A small percentage of this spreads (about 20%) is used to reduce your NWA.

eToro also has an android and iPhone/iPad app called “eToro Mobile Trader” readily available. From the app, you can follow the progress of your account and trade ‘on the go’. Using this app, you are able to view charts, access price quotes and trade with the available instruments. You can also fully manage your portfolio from the apps. You will also find an “eToro OpenBook social trading app” available for android and iPhone/iPad. This app caters to the social trading aspects of the network on the mobile platform which allows you to follow and copy from your favorite investors. You can also get news about your favorite markets from your mobile device.

Professional Investors on Etoro

eToro has a large number of signal providers that were formally called ‘gurus’, but that name was dropped and they are now called ‘Professional Investors’. It does not vet its professional investors and basically anyone with an account can become a professional trader. For a trader to be called a professional trader, eToro requires that their real names be used and a verified photo be displayed in their profile.

There is an admirable sense of openness in eToro. Meaning that followers can follow other followers and copy their accounts configuration. This makes it easy to develop a functioning portfolio rapidly based on the social intelligence of the network and the people you follow. Of course, this is not advisable but you can basically have a nice portfolio without actually viewing the professional traders you actually are following.

The quality of the signal providers vary wildly. There are some with consistent profits and small maximum draw down and as with any other network; some of the providers have quite scary results.  It is therefore important to carefully choose your signal providers wisely.  eToro has several helpful features in OpenBook that helps you find your ‘perfect’ trader.  We choose to start with ‘people rankings’ list to test how easy it was to use. From this list, you can find traders based on the number of followers they have. You can filter your results using many criterias so that you end up with a manageable number of traders to scrutinize.

  eToro has an intuitive Discover people feature and even though it seems to still be in beta; we could not find any serious faults with it. Searching and finding traders is definitely much easier using this tool and it is very easy to get used to it. The interface is very intelligently designed in such a way; that doesn’t require you to keep going back and forth. You will usually get what you want by simply doing what feels right the first time. You would have to check it out for yourself to fully understand what we mean.

Another lovely feature of the discover tool is that it is easy to customize the data that is shown. From the top row of each column of data, you can choose which data is relevant to you and simply change it. We like the fact that the designers do not presume to know the data set that is important to us and allows us the freedom to choose. Perhaps the only feature that most people will find unsatisfactory is the number of columns that are displayed. At the time of our review; there were only four columns of data available. An increase from that number would be great.

eToro aims to provide a simple to use platform for everyone. So the information displayed about each professional trader is kept simple–to-understand and useful. eToro does not bury you with endless statistics, it simply gives you the bottom line. This arrangement did not satisfy some of our meticulous, detail-oriented members of our review team, but we agree that the information available is enough for an average prudent follower to make a wise decision. The information about returns on investment (ROI) is presented as a percentage within a given time period. This makes it easy to compare the performances of different traders with each other. You will be disappointed as we were, to note that you can neither access the full trading history of a trader nor download it.

  Following signal providers

To follow a trader, you simply need to click on the ‘follow’ button on their profile. A popup will ask you to indicate the amount of money you want to allocate to the trader. If the trader is using a virtual account, you will also find out from this pop up.  If you wish, you can choose to open all the current open trades that of the trader; though we do not recommend doing this.

Trades in the traders account will be copied proportionally to your account depending on the risk management feature you have put in place. You can only assign a maximum of 20% of your equity to a single trader and you can copy up to a maximum of 20 traders at a time.

Your level of risk per trader primarily depends on how much of your capital you have allocated to each trader and the risk profile of that individual trader. If a trader takes small percentage risks on his account, the equity you have allocated to them will also be exposed to the same risk.

So assuming you are following just two professional traders and allocated to trader A 15% of your equity and to trader B the maximum 20% of your equity. Then trader A takes several trades that expose his account to 30% risk and trader B takes trades exposing his account to 10% risk. If at the time, your account has no other trades open, your total risk exposure will be:

[ (15/100) x (20/100) ] + [ (20/100) x (10/100)]

=0.065 or 6.5% risk exposure

We love the straightforward nature of equity allocation and risk management on eToro. The risk management features within eToro are easy to understand and manage. We especially love the fact that you allocate equity to each trader in terms of actual units, which makes it even easier to understand exactly how much you are putting under his or her control and how much you are risking.

Costs

The costs that you will incur when trading with eToro are mainly in terms of spreads. When we checked the spreads for currencies, it was up to 9pips for the EUR/CAD pair (this was the highest). The EUR/USD had a spread of 3pips and the least was 2pips of USD/JPY. Other instruments also had their own fixed above average spreads (they hurt your earnings more). At the time of our testing, we did not notice any slippage in execution, which somewhat makes up for the high spreads.

You will be charged a fee if you leave your trades open over the weekend but none for overnight traders on the weekdays. Other fees that you will incur with eToro as we had mentioned earlier are the withdrawal charges. They are from $5 for withdrawal amounts from $20 to $200, $10 for withdrawal amounts between $200-$500 and $25 for amounts above $500.

Community and social features

We found eToro to be a very social and lively environment; traders are capable of interacting with their followers and vice versa; almost to the same degree as they would on Facebook. On the site, some traders are quite active socially and provide regular updates on their trades. We find this to be very refreshing compared to other networks. Followers can leave comments on a trader’s wall and other traders can comment on it or like it.

The capability to interact with your traders at this level may provide some level of understanding of who the trader actually is and may potentially help followers decide whether they want to follow the trader.

Education/training resources

eToro has a trading academy where novice traders can learn about trading. There may not be much information to learn for advanced traders but certainly, the information there is valuable for the person just starting out on trading. The learning academy has a section for teaching social trading which we found to be quite immersive. Apart from the academy, eToro also maintains a blog that is active with regular updates and periodic live webinars.

    Support

eToro has both email and telephone support. We find the email support to be very responsive and helpful. Email response took about 3 hours on trading time.

There is a section in the website dedicated to frequently asked questions which we found quite useful. For those who are unfamiliar with eToro, this will be a useful page to browse at.

ETORO Tips and Tricks

Consciously, making the decision to become the best investor you possibly can, will be your highest goal. It will help you make better decisions. Taking time to go through the guides we have provided for you at social trading secrets is a good step in this direction.  On this page, we have prepared some of the tips and tricks that will help you to become a better investor on eToro. Take your time to read them and develop your investment plan accordingly.

Set your own goals

The most important part of any task is to know what you are doing and why. It is no different with social trading. You should be able to describe what you want to get out of social trading with clarity. You want to define your investment goals clearly from the moment you start, so that you can easily determine the following :-

Who can help you meet them (traders and followers)

When your investment goals are being met

When they are not being met

How to review and optimize your eToro activity in order to meet your goals

When defining your goals, you can have as many or as few criterias for measuring your performances as you want. Remember, it is your capital on the line and you have the final say.  Here are some of the criterias you can use to define and measure your investment goals.

Return on investment. The return on investment is the profit you gain over a given period expressed as a percentage of the initial amount at the beginning of that period. You can choose to define your investment goals in terms of how much return on investment you want to gain.Keep in mind that eToro gain is not equivalent to return on investment. The formula they use employs a weighted return and does not give you the actual return on investment. This can be misleading, so it is important to do your own calculations. For more information on the method used on eToro, please see the section on estimation of returns on the ‘eToro trader selection’ page.

Risk tolerance. This is simply the amount of risk you are willing to take on. You should determine in your goals how much risk you are going to expose yourself to before you begin trading. The risk tolerance will determine the amount of money you deposit initially and the way you allocate that money among the traders you follow. Your risk tolerance will also tell you which traders you want to follow based on their historical risk profile.

Traders to follow. The traders you follow will ultimately be the single most important factor in determining your success or failure. Take time to determine the types of traders you want to follow. For an in-depth guide on how to select traders, check out the eToro ‘selecting social traders’ page.

Account monitoring. It is important that you set goals on how you will monitor your account. These goals can be in terms of a plan and a schedule of the time you will allocate for social trading. See the sections below for details on how you can monitor your account.

Spend more time learning

One of the biggest mistakes that new investors make when they are starting out is assuming that they already know how to trade. Smart investors take the time to learn how to do their job. You will find it very beneficial to take some time to study the best methods to use on eToro. Here are some of the steps you can take.

Familiarize yourself with open book. You will be using the eToro’s open book platform to follow your account’s progress so get yourself familiar with how it works before you start live trading. Trade with virtual money and see how well you are able to use the platform. Make sure you can perform all the basic trading functions within the platform.

Check out the social trading videos in order to familiarize yourself with the basics of social trading on eToro.

Check out the trading interactive courses available on eToro. There is a wealth of information available both for traders and for investors. If you are a new investor, take time to see what skills you can learn from the resources available.

Make a point to check regularly for new webinars. Every now and then, you will find a webinar that catches your attention and that you want to attend. Being a regular attendee of these webinars will undoubtedly increase your knowledge and this will enable you to make better investment decisions on eToro.

Take time to go through the articles on this site which is related to eToro and social trading in general. You will notice that doing this regularly will enable you to gain knowledge and quickly learn the best trading practice. Also, please make sure you see the ‘eToro review’ page for an in-depth analysis of eToro and an overview of what to expect from the platform.

Demo trading

***eToro allows you to practice trading with virtual money. We recommend that you take some time to use virtual money to gauge how well you could perform on eToro. Of course, theoretical returns do not indicate future performance on live trading but it will enable you to get better at using the platform.

It is a good idea to use a realistic amount or that which is close to the money you will be depositing in order to get the best estimates for what you are actually capable of. It will also help you determine beforehand how to allocate your capital and control risk.

Use the Discover People Tool

We have found that searching for traders to follow, to be dramatically easy when using this tool. You want to check it out when locating your traders and we have no doubt that it will be more useful compared to the other search and ranking tool.

With the ‘discover people tool’ on eToro, you can define your own search parameters that you want to see in the columns and arrange them according to your level of importance. There is an in depth description of this tool on the comprehensive ‘eToro review’ page on this site.

Following up and monitoring your account

When will you check and evaluate the progress of your account? It is important that you set aside a specific time in your schedule to do the required follow up. We cannot possibly over emphasize this point! You need to monitor your account. As an investor, you ought to take full responsibility for your own success in social trading. Setting aside time to manage capital allocation  is an important part  as well as success in this area.

Ask yourself these questions

How much time will I spend on eToro per day?

How much time will I spend following up on my account per week?

How do I want to review the progress of my account?

What performance indicators will I look at?

How will I monitor new traders to add to my people’s portfolio?

Answering these questions will help you come up with a plan for achieving your goals and crucially spend the required time on eToro efficiently. Make sure you take time to answer them.

Consistency

For you to attain consistent results, it is important that you look for consistency in the traders you copy. Check to see if the trader has been having consistent returns over the last six months to a year. Can you tell whether the trader is following their trading strategy always? If the trader has provided a description of their trading strategy, they should follow it strictly. If they have not described it, whatever strategy they are using ought to have a relatively consistent performance in terms of outcome.

Another thing to check for in a trader is how they deal with losing trades and how much risk they take on. We have dealt with this issues in great details in the eToro ‘selecting social traders age’ page. Do take time to go through the information provided there.

It is equally important that you let your plan work out. After you have done your due diligence and selected the traders that you feel are the best to copy, give them time to perform as you had projected. Some investors are too quick to switch traders the first time they see a loss in their account. Remember, losses are as much a part of the business as profits. To be a smart investor, it is important to have a longer-term perspective on trading. We would recommend to only switch a trader when you are confident that the trader can no longer help you attain your investment goals or if there is another one that you are confident can do better.  There is no other reason to switch traders. Losing money in the short term is not a good enough reason unless it demonstrates incompetence.

Just like in any other business, to attain success in social trading requires you to use the best practices of the trade. It is important to make yourself a better investor according to your own defined goals. In the long run this approach will ensure that you attain a level of excellence that most investors cannot achieve.

Summary

When it comes to social trading, eToro is definitely one of the giants. It offers a truly social experience for investors and to top if off; it provides an open environment where ideas can be shared with like minded people.

The large number of trade providers available is definitely to eToro’s credit. It can be taken as a vote of confidence in their platform. Their relatively high spreads can be excused when we consider that there is virtually no slippage.

eToro will provide you with a large pool of investment instruments and you can easily diversify your portfolio. It also means that there will be a large number of trading set up available for you to trade on. All in all, eToro ought to be given serious consideration by anyone looking to venture into social trading and investments.

Pros

It is easy to sign up with eToro

There is no need to sign up with another broker

There is minimal slippage when executing trades

Availability of demo account

Very active community

eToro has an open sense of community and useful interaction

eToro has a very usable discovery tool that helps you find traders to follow

It has two mobile apps that support android and apple mobile devices

eToro has a simple and straightforward way to manage risk

Cons

Relatively higher spreads could cut into profits

Finding the right trader to follow will take some effort

The OpenBook platform can be too simplistic for any serious manual trading

via Kenya Forex Firm LTD

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what is it and how is it changing the market?

New Post has been published on https://forexsuccesstips.net/what-is-it-and-how-is-it-changing-the-market/

what is it and how is it changing the market?

Market traders have always needed to be acutely aware of macroeconomic trends and company news. As a result, stock, commodity and currency trading has long been the preserve of dedicated professionals and those wealthy enough to pay them.

Social networks and online communities have gradually eroded this exclusivity, giving birth to social trading in which people share strategies. On Reddit, the stocks thread has 371,000 people discussing what they buy and sell.

David Myers, head of Deloitte UK’s capital markets practice, says social trading is part of a much wider trend towards increased transparency and open information. “Just as people are looking to invest in companies with more responsible, sustainable and diverse operations, access to open information has become a focal point,” he explains.

Social trading brings word-of-mouth credibility

While many investors still tend to favour safer options for investing money, according Mickael Tabart, partner at KPMG Luxembourg, social trading is making waves in fund management, particularly for younger users. He says: “The data captured by the technology used on the platforms has given rise to new, unbiased ways of reporting performance that make the link between costs and return much clearer for the investor.”

Given that the individuals in many online communities are not rated, dedicated platforms have been built to showcase traders’ performance and allow users to copy their actions. One platform, eToro, has grown to ten million users trading multiple asset classes.

A fundamental benefit of social trading is front of mind for consumers: “The people you are copying are investing their own money in the strategy,” explains Iqbal V. Gandham, UK managing director at eToro. “This is unlike traditional fund managers, many of whom may not be investing their cash in the funds they’re getting customers to invest in.”

In addition, the desire for recommendations in different aspects of our lives has been a powerful force, Mr Gandham says. “If you want to go to a good restaurant, you might ask a friend who knows the best ones. Or to do better in the gym, you’d try and find a well-rated personal trainer. We are so used to asking advice and seeking ratings, but it’s only since social trading that this has become available for investments,” he says.

A fast-growing aspect of eToro’s operations is mirror trading, whereby customers can automatically execute the same buy, hold and sell decisions of those they are following. “Previously, people looking to trade would have had to trawl through newspapers and tip sheets to study company performance, but now they can quickly copy experts,” says Mr Gandham.

What are the drawbacks of social trading?

Social trading, on eToro and other large platforms such as ZuluTrade and ayondo, offers previously unseen market accessibility, alongside the ability to earn money without significant time or capital outlays. There is also potential for those who become expert traders to generate revenue by being copied.

There are, however, clearly some substantial downsides that must be considered. A major problem, Mr Myers notes, is that people are sometimes investing their own money based on the decisions of someone who is not a qualified expert, a particular concern on social networks where there is no performance history. On the Reddit stocks thread, one user counsels: “Take what you read with a pinch of salt.”

People may also be tempted to bring in excessive leverage to boost their investments, particularly in foreign exchange. While loans can significantly increase any gains made, they also magnify losses. And no matter how smart the people being copied are, there is the potential for the investment value to nosedive. Some 67 per cent of people polled by the website Social Trading Guru said they have lost cash, with impatience and rapid use of leverage shouldering part of the blame.

As such, it is advisable for new traders to limit early investment, choose risk and leverage carefully and take up the opportunity to copy several traders so any losses may be balanced out. “Making sure users have the right financial education to make decisions is a priority,” notes Mr Tabart at KPMG. “Retail investors should at least be familiar with the ground rules, like diversification of portfolio, before starting to use the service.”

Providing valuable data for investment firms

With a healthy weighing up of the pros and cons, social trading clearly offers good potential for retail investors. They are not the only ones who stand to gain, however. Professionals are yielding insight into market mentality, shifts in momentum and signs of where activity might be heading as part of the total information that banks and funds routinely trawl through.

Deloitte expects this set of “alternative data” to be a $7-billion market by next year. “There is significant sophistication already, with investment firms tapping into masses of online comments on customer satisfaction around products and looking at satellite images of shopping malls to monitor their popularity,” Mr Myers explains. “Many use advanced analytics to identify new patterns.”

Among the companies making this possible is the French financial technology firm SESAMm, which analyses billions of alternative data points from more than two million online social messages, news items, articles, images and videos, distilling it rapidly into actionable insights for investors.

“Hedge funds, investment banks and asset managers use our machine-learning and natural-language processing to understand market sentiment,” says Sylvain Forté, chief executive of the company. “We analyse the data to present different use cases, which can be as simple as saying ‘buy and hold’, or it could relate to a stock picking strategy or forex hedging.” As recently as three to five years ago, Mr Forté adds, “none of what we do now was possible”.

Firms setting up their own social platforms

A number of large institutions are also keen to offer their own social trading platforms to win and retain new customers. TradeSocio is one firm at the cutting edge, supplying mobile and desktop social trading and robo-advisory platforms to banks, brokerage houses and fund managers, that in turn present them to customers ranging from individuals investing £10 right up to those with considerable wealth.

Wael Salem, chief executive of TradeSocio, explains that financial institutions see clear benefit in offering mobile access to trading strategies for myriad instruments, backed by openly measured risk management and deep investor communities.

“Fund managers need to reduce the cost of acquiring customers and of retaining them, and they are seeking to increase customers’ lifetime value,” he says. “Social platforms lead to much cheaper customer acquisition, and people are often persuaded to stay by having a mobile app, strong interaction with other users and the possibility to easily partake in professionals’ strategies.”

Using social trading in all its forms, consumers have their sights set on growing their wealth by copying the strategies of experts. The gains made by many will be significant, but so too will be the losses of others who fail to manage risk. As millions more social traders hit the markets, professional fund managers will pour money into better analysing the total data available, so they can be ahead of shifts in market sentiment.

Source link Forex Trading Tips

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IC Markets Cryptocurrencies Trading Details

New Post has been published on https://cryptocurrenciestrading.com/broker-reviews/ic-markets-cryptocurrencies-trading-details/

IC Markets Cryptocurrencies Trading Details

Top5 Brokers for Cryptocurrency Trading

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  IC Markets Review |  IC Markets Cryptocurrencies Trading Details

IC Markets has over a decade of experience at the top of the industry and is regulated by one of the most trusted financial bodies in the industry, the Australian Securities and Investment Commission (ASIC).

    IC Markets is an Australian broker, with their HQ based in Sydney at the following location: Level 6,   309 Kent Street  Sydney, NSW 2000

IC Markets Cryptocurrencies Trading

Leverage up to 1:5

Trade the market 24/5

Long or short

ASIC regulated

No commissions

REAL live support!

Cryptocurrency Spreads IC Markets

SYMBOL DESCRIPTION MIN AVG BTCUSD Bitcoin vs United States Dollar CFD 20 20 BCHUSD Bitcoin Cash vs United States Dollar CFD 5 5 ETHUSD Ethereum vs United States Dollar CFD 4 4 LTCUSD Lite Coin vs United States Dollar CFD 3 3 DSHUSD Dash Coin vs United States Dollar CFD 4.4 4.4 XRPUSD Ripple vs United States Dollar CFD 0.05 0.05 EOSUSD EOS vs United States Dollar CFD 0.16 0.16 EMCUSD Emercoin vs United States Dollar CFD 0.27 0.27 NMCUSD NameCoin vs United States Dollar CFD 0.65 0.65 PPCUSD PeerCoin vs United States Dollar CFD 0.69 0.69

Bitcoin CFD The first and largest cryptocurrency, Bitcoin paved the ways for hundreds of similar currencies and boasts a market cap of over $100 billion.

Ethereum CFD The world’s second-largest cryptocurrency, it is labelled by many as ‘the next Bitcoin’. Ethereum has received international recognition and support from giant organisations such as Microsoft, JP Morgan, and Intel.

Dash CFD Dash’s focus is on instant transactions and owner privacy. Dash has an infrastructure that enables much faster transactions than other cryptocurrencies and therefore displays higher liquidity than many of its counterparts.

Litecoin CFD Designed by a former Google engineer to improve upon Bitcoin’s technology, Litecoin offers quicker processing times and a larger number of tokens. It is also the first cryptocurrency to implement SegWit, a method of speeding up transaction times without compromising the underlying blockchain technology.

Bitcoin Cash CFD Bitcoin Cash resulted from a hard fork of the Bitcoin blockchain. It increased the block size from 1 megabyte to 8 megabytes without incorporating SegWit.

Ripple CFD Ripple is both a transaction network and crypto token which was created in 2012 as the go-to cryptocurrency for banks and global money transfers and has recently experienced a period of growth.

EOS CFD EOS is a decentralized operating system based on blockchain technology. It is designed to support of decentralized applications on a commercial-scale by giving all the required core functionalities.

Emercoin CFD Emercoin is an open-source cryptocurrency which originated from Bitcoin, Peercoin and Namecoin. Other than being a cryptocurrency, it is also a platform for secure distributed blockchain business services.

NameCoin CFD Namecoin is a blockchain protocol that serves as a naming system. Since Namecoin is a fork of Bitcoin, it is also a cryptocurrency that can be used for peer-to-peer transactions.

PeerCoin CFD PeerCoin aims to solve the inefficiency problem of the Proof-of-Work that is used by bitcoin and many other coins using its own Proof-of-Stake system.

IC Markets Trading Platforms

C Markets trading platforms are well known and established throughout the sector. This is because the broker utilizes other major third party trading platforms.

These are offered in the form of MT4, and MT5 from MetaQuotes, as well as cTrader from Spotware.

These are dominant platforms well known to traders throughout the industry and encompass the IC Markets offering through desktop, and mobile trading platforms.

IC Markets also partners with Myfxbook and ZuluTrade for those who wish to access social and copy trading through major reputable providers.

IC Markets Trading Platform Review

IC Markets MT4

MT4 is the most known and used trading platform throughout the forex industry.

One of the most utilized features by more experienced traders in terms of MetaTrader is the EAs function. This, similar to cAlgo and cBots from cTrader, allow users to design and implement their own trading strategies. IC Markets add more depth to this feature by also incorporating EA Labs which allows the trader more flexibility in customizing their automated trading strategies before easily implementing them in the platform.

they offers MT4, and MT5 from MetaQuotes, as well as cTrader from Spotware.

These are dominant platforms well known to traders throughout the industry and encompass the IC Markets offering through desktop, and mobile trading platforms.

IC Markets also partners with Myfxbook and ZuluTrade for those who wish to access social and copy trading through major reputable providers.

IC Markets minimum deposit

In order to open an IC Markets live account, the minimum deposit required is $200. To deposit, your live account will also need to be activated and verified.

IC Markets Bonus and Offers

There are currently no bonuses on offer from IC Markets beyond the usual leverage which is offered by the broker. This is due in part to regulatory requirements which restrict the ability of many major brokers to offer bonuses to traders.

IC Markets Account Types

The broker offers three distinct account types.

Standard Account, which offers variable spreads, and utilizes MT4 as a trading platform.

cTrader account, which offers ECN services through the use of cTrader

IC Markets True ECN, which utilizes the same ECN trading capabilities with low spreads and the use of MT4

Islamic Account  – This allows for swap-fee trading for users of the Islamic faith

IC Markets Customer Support

IC Markets customer support services are using all known channels.

They offer several primary methods of contact. The fastest among these is the website live chat service which appears to always be answered promptly and with helpful information pursuant to the questions asked.

Phone support is operational in several countries, namely, Australia, Thailand, and the UK which all provide toll-free numbers to call. Chinese phone support is also available. Office hours typically run from 10 am – 10 pm GMT, Sunday through Friday.

In the case of the Chinese office, this is 9 am – 11 pm Beijing time, Monday through Friday.

Email support is available and performed well under testing, with responses arriving quickly within under 2 hours of submission.

Conclusion

With over a decade in the industry, it is fair to say that IC Markets is a top-broker. they have the right regulation and offer multiple trading platforms for their traders. their cryptocurrency offering is better than most other ECN Brokers

they provide a top quality service and charge a very competitive commission whilst offering flexible trading and the best spreads.

[click2watch]

Creditor Takes Crypto Startup London Block Exchange to Court

A creditor has taken the London Block Exchange (LBX) to court in a bid to wind up the cryptocurrency exchange, but the startup’s CEO has denied it is going out of business.

Law firm Squire Patton Boggs (UK) LLP served the petition to LBX on March 19 in London’s High Court of Justice. A hearing on the matter is scheduled to take place Tuesday, according to London Block Exchange CEO Benjamin Dives.

Russell Hill, a partner at Squire Patton Boggs, told CoinDesk:

“We filed a winding-up petition against the company as a matter of public record for a debt we are owed. At this stage, because of ongoing litigation, it’s not appropriate for me to say anything more.”

Typically a creditor asks a solicitor to wind the debtor company up to recover debts, or to stop the company from making its debts worse. This can be done any creditor with debts over 750 British pounds (about $968) and is generally seen as a serious action to take against a firm, as it means the firm’s directors could face personal liability for the debts if they don’t act quickly.

However, Dives told CoinDesk that the debt in question is only £9,900 (around $12,787). Squire Patton Boggs drafted terms and conditions for LBX’s website and provided some other legal services, Dives said. The bill wasn’t paid for a long time, so the law firm got angry and demanded a higher fee, he claimed.

“The bill didn’t come to my attention until it was very late,” Dives said Friday. According to him, LBX sent the money to the firm, but it somehow never reached Squire’s account. However, he said he’s sure the court will decide in LBX’s favor, adding:

“We’re getting calls from people who think we’re going out of business, but we’re not going into liquidation.”

Subsequent to that conversation, Peter McCormack, host of the popular podcast “What Bitcoin Did,” alleged on his Twitter feed that LBX was insolvent and owed creditors “millions,” and that staff had not been paid since last year. He did not identify the sources of this information.

Dives could not be reached for further comment by press time.

Funding rumors

LBX had been based in the iconic Level39 tech space in London’s Canary Wharf, which had been home to a number of crypto and blockchain firms, including the CEX.IO exchange, eToro and Revolut.

However, a representative for Level39 said LBX no longer occupied a shared workspace there and had not since 2018. (The cost of a hot desk in Level39 starts at about £400 per month, with fixed office space desks starting at about £700 per month.)

One industry source told CoinDesk there had been rumors the firm was trying to raise capital in recent months. Data and APIs that would define LBX trading volumes had not been forthcoming, added the source.

The London Block Exchange (LBX) launched in November 2017 having raised 2 million pounds (about $2.6 million) from investors, according to Business Insider.

With former Credit Suisse banker Adam Bryant as executive chairman, the company had ambitious plans for a prepaid card by which users could hold and spend crypto. That turned out to be a case of bad timing, since telco services provider WaveCrest (which worked with all the U.K. firms offering crypto-linked prepaid cards) violated its terms with Visa, essentially putting an end to this business model in the U.K.

However, LBX pivoted to become a mobile-first crypto exchange on iOS and Android, courting U.K. customers looking to trade crypto for pounds sterling. Towards the end of 2018, LBX announced it was “minting” a digital pound via a partnership with another blockchain company, AlphaPoint.

In addition, Reuters reported a deal between LBX, which is regulated by the Financial Conduct Authority (FCA) and ClearBank to provide the exchange with banking services.

The company had also planned an LBX token sale towards the end of 2018, but later canceled it, stating:  “it’s clear that the market appetite for a public token sale will not support our growth plans alone and, in fact, is likely to be detrimental to our regulatory and investment roadmap.”

London High Court of Justice image via Shutterstock.

This news post is collected from CoinDesk

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The post Creditor Takes Crypto Startup London Block Exchange to Court appeared first on Click 2 Watch.

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Which is The Most Secure Cryptocurrency Trading Platform for Beginner Traders?

Which is The Most Secure Cryptocurrency Trading Platform for Beginner Traders?

You can also convert your holdings from one cryptocurrency to another at the going rates. Trading platforms vary from each other by a great degree in terms of complexity, features, digital currencies supported on the platform, and other factors. But, the most important factor to consider when choosing a cryptocurrency trading platform is the security.

Importance of Security for Cryptocurrency Trading Platforms

Cryptocurrency exchanges hold massive pools of various types of currencies. This makes them a good target for hackers. If they manage to find a way in, they can go home carrying hundreds of millions of dollars’ worth of cryptocurrencies.

In fact, it has happened before. Mt. Gox, BTC-e, and DAO (not an exchange) are some of the most popular organizations that were hacked by smart hackers, who got away with a horrifying amount of cryptocurrencies.

Naturally, any cryptocurrency trader would want to make sure that the trading platform that they are using is not susceptible to similar security flaws as those that were hacked. That’s why we are here to help you pick your first cryptocurrency trading platform.

Things to Consider When Analyzing the Security of a Trading Platform

Ask any software security expert and they will tell you how complex and difficult it is to create a highly secure system. Even when corporations pour in massive amounts of money to create a powerful security system, it is humanly impossible to ensure that there are absolutely no flaws in the system.

This is true for cryptocurrency trading platforms too. Therefore, they keep their systems secure by employing a variety of security features that are proven to be highly secure.

To ensure maximum security, these businesses do not share their security protocols, security features, and practices with anyone, making it tougher for the hackers to invade into their systems.

So, we have to resort to other ways to evaluate how secure a cryptocurrency trading platform really is. Here are some things that are useful in that direction.

Identity Verification. When you are creating your account on any cryptocurrency trading platform, you will be asked to share a variety of information about yourself. In general, the more information you are prompted to share, the more secure is the trading platform. Most trading agencies will ask for identification verification, which you can prove using your driver’s license, a passport, or some other government-approved identification. It is important that you do not try and skirt this step by giving them a fake identification, because if your account faces any problem tomorrow, then you might need to prove your identity. So, giving them fake identification or someone else’s identification is strongly advised against.

Reputation. All trading platforms face their challenges. They have their ups and downs. But, the trading platforms which earn the highest trust of their users are those that offer the best customer experience. That includes a near airtight security and safety of their account, fantastic customer support, and a keen interest in the satisfaction of their users. So, the best trading platforms have an outstanding reputation. If they are good at everything else, then it is likely that they have an excellent security system in place too.

The IT Talent. LinkedIn can be a great resource for anyone who knows how to use it. It can provide useful in understanding how good the IT security infrastructure in a trading platform is. Just check out the trading platform’s employee list, specifically the IT team. If you can find the security experts in the team, go through their qualifications, past experience, and the projects they have handled. That should give you a very good idea about their capabilities.

There are many more methods of analyzing the IT security infrastructure of a trading platform, and they all offer varying amounts of information and insights.

List of Most Secure and popular Platforms

After analyzing the various services, we have shortlisted the top trading platforms, and brought them to you. Here it is:

eToro

eToro is a self-styled social trading and multi-asset brokerage firm. It is based in Israel, but its international offices are spread across the UK and Cyprus. It operates on a global level, so anyone can register and use it from pretty much anywhere, irrespective of which country they belong to.

eToro

Newbies will find eToro to be a remarkably easy to use platform. It allows the users to view the trade moves of the best performing members on its network. And, that’s just the trailer. The users can also follow those traders, and…guess what…copy their actions! Isn’t that amazing? This way, beginners don’t have to learn cryptocurrency trading the hard way, by losing their money and learning from it.

Instead, they can keep following the actions of the best performing traders, understanding why those decisions are working, and learn in the process. This is pure gold for the newbies.

Kraken

Once you have gotten the basic understanding of cryptocurrency trading and wish to take it up on a more serious or professional level, you start using Kraken. It is important to note that Kraken has an infamously unintuitive interface.

Kraken

So, unless you are familiar with the cryptocurrency trading, you will not be able to navigate or use it. Kraken is the biggest cryptocurrency trading platform. It has an impeccable track record as the most secure platform. However, its customer support and performance has taken a hit over the past year.

This is, in part, thanks to the repeated DDoS attacks to which the hackers are resorting, since nothing else has worked for them. Although there is a dip in its performance, these kind of attacks solidify the Kraken’s reputation as the most secure cryptocurrency trading platform in the world.

It isn’t a joke that it is the world’s largest bitcoin trading platform.

IQ Option

IQ Option supports a variety of traditional financial instruments and cryptocurrencies. It is also a highly secure and safe platform to use. Its office is located in Cyprus in Europe and its operations are subject to the regulations of the country’s regulator. It is compliant with Cyprus’s regulations, which makes it a safe partner for the users.

IQ Option

The best thing about this platform is that it offers a great number of useful features, including data analyses. It presents the various reports in easily understandable charts.

The platform supports up to 12 cryptocurrencies. The highlight of the platform is that it offers two different types of accounts – one for the beginners or casual traders, and the other for high volume traders. All of these features make it a great trading platform for beginners in the cryptocurrency world.

Cex.io

Cex.io is a highly user-friendly cryptocurrency trading platform. It offers a highly intuitive interface and the users can customize their dashboards to suit their preferences. Cex.io offers the beginners an easy way to buy cryptocurrencies with their fiat money and vice versa.

Cex.io

They can easily trade between cryptocurrencies. People from anywhere in the world can open an account on Cex.io, and the good thing about it is that it supports margin trading.

Cex.io has an excellent reputation and provides a greater degree of flexibility for users by providing mobile support, credit card payments, and so on. A characteristic thing about Cex.io is that it has a painfully long identity verification process, which is a good thing because it will keep anyone else from getting access to your account using your details.

Poloniex

Poloniex has an outstanding reputation for its security features and that’s no coincidence. They take their IT security very, very seriously. Their offline cold storage facility for deposits is cherished by its users. Poloniex stores only a part of its cryptocurrencies online for the sake of trading.

Poloniex

So, any hackers, even if they manage to find their way through its security, will not be able to lay their hands upon the bulk of the cryptocurrencies that are stashed with Poloniex. Plus, they have people monitoring their website 24*7 and any unusual activity is instantly shut down by them. This makes for a safe environment for everyone.

The advanced users love Poloniex for the rich analysis and tools that it offers the traders. These features are enough to make Poloniex a darling of every serious cryptocurrency trader. But, the highlight of this platform is that it offers highly competitive transaction fee of less than 0.30%.

http://ift.tt/2DnO1Fn

[the-bitcoin-news]

PKR, the native token powering the Polker network has seen a breakout with 106% gains in 24 hours

The PKR token which powers the Polker game has seen a breakout after a week of consolidation near the $0.05—$0.07 region. Polker is a poker game and one of the first use cases for the PKR token. The PKR token is currently trading at $0.14 after doubling within a week. This is an impressive performance for this gaming token and the price could easily 3X, 5X or even 10X from the current levels if the bull rally continues. 

How & where to buy Polker in the UK and elsewhere

You will need to register an account with a regulated broker/exchange service. Avoid using unregulated DEX platforms as the risk of fraud is higher on such sites. For account registration, you will need to input a username, email address and phone number. You will also need to verify the account by submitting proof of identity and proof of residence documents as per the Know Your Customer (KYC) regulations. 

It can be quite difficult for new users to find an appropriate platform as per their requirements given the wealth of options available in the market today. We have selected two of the best platforms for your benefit and these are listed below. 

eToro

eToro is one of the world's leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It's social copy trading features make it a great choice for those getting started.

Buy PKR with eToro today

Binance

Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

Buy PKR with Binance today

What is Polker? 

Polker provides cross-chain compatibility solutions for e-commerce and gaming systems. It can be seamlessly used by game providers and PKR exists as TRC-20, ERC-20 and BEP-20 tokens ensuring seamless usage across different cryptocurrencies. This does away with the need to frequently change tokens while using different gaming platforms. With its hallmark provably fair technology protocol and true random number generator system (patent-pending), PKR can serve as an important network for gaming protocols. 

The gaming industry has shown strong use cases for cryptocurrencies and many gaming tokens have joined the bull run in the recent past. 

Should I buy PKR today?

The PKR token has more than doubled in price and the entry price is still low for amateur and new investors. Given the price volatility after a strong breakout, the token could also provide an interesting opportunity for short term traders. 

Below is the monthly chart for Polker that shows a strong consolidation before the current bull rally. Another 2X seems a high possibility for the PKR token in the short term. 

Polker monthly chart. Source: CoinMarketCap

This article is informational only—none of the contents should be construed as financial or investment advice.

The post Where to buy Polker: PKR joins bull run with 106% gains appeared first on Coin Journal.

[bobbynolanios88]

Which is The Most Secure Cryptocurrency Trading Platform for Beginner Traders?

Which is The Most Secure Cryptocurrency Trading Platform for Beginner Traders?

You can also convert your holdings from one cryptocurrency to another at the going rates. Trading platforms vary from each other by a great degree in terms of complexity, features, digital currencies supported on the platform, and other factors. But, the most important factor to consider when choosing a cryptocurrency trading platform is the security.

Importance of Security for Cryptocurrency Trading Platforms

Cryptocurrency exchanges hold massive pools of various types of currencies. This makes them a good target for hackers. If they manage to find a way in, they can go home carrying hundreds of millions of dollars’ worth of cryptocurrencies.

In fact, it has happened before. Mt. Gox, BTC-e, and DAO (not an exchange) are some of the most popular organizations that were hacked by smart hackers, who got away with a horrifying amount of cryptocurrencies.

Naturally, any cryptocurrency trader would want to make sure that the trading platform that they are using is not susceptible to similar security flaws as those that were hacked. That’s why we are here to help you pick your first cryptocurrency trading platform.

Things to Consider When Analyzing the Security of a Trading Platform

Ask any software security expert and they will tell you how complex and difficult it is to create a highly secure system. Even when corporations pour in massive amounts of money to create a powerful security system, it is humanly impossible to ensure that there are absolutely no flaws in the system.

This is true for cryptocurrency trading platforms too. Therefore, they keep their systems secure by employing a variety of security features that are proven to be highly secure.

To ensure maximum security, these businesses do not share their security protocols, security features, and practices with anyone, making it tougher for the hackers to invade into their systems.

So, we have to resort to other ways to evaluate how secure a cryptocurrency trading platform really is. Here are some things that are useful in that direction.

Identity Verification. When you are creating your account on any cryptocurrency trading platform, you will be asked to share a variety of information about yourself. In general, the more information you are prompted to share, the more secure is the trading platform. Most trading agencies will ask for identification verification, which you can prove using your driver’s license, a passport, or some other government-approved identification. It is important that you do not try and skirt this step by giving them a fake identification, because if your account faces any problem tomorrow, then you might need to prove your identity. So, giving them fake identification or someone else’s identification is strongly advised against.

Reputation. All trading platforms face their challenges. They have their ups and downs. But, the trading platforms which earn the highest trust of their users are those that offer the best customer experience. That includes a near airtight security and safety of their account, fantastic customer support, and a keen interest in the satisfaction of their users. So, the best trading platforms have an outstanding reputation. If they are good at everything else, then it is likely that they have an excellent security system in place too.

The IT Talent. LinkedIn can be a great resource for anyone who knows how to use it. It can provide useful in understanding how good the IT security infrastructure in a trading platform is. Just check out the trading platform’s employee list, specifically the IT team. If you can find the security experts in the team, go through their qualifications, past experience, and the projects they have handled. That should give you a very good idea about their capabilities.

There are many more methods of analyzing the IT security infrastructure of a trading platform, and they all offer varying amounts of information and insights.

List of Most Secure and popular Platforms

After analyzing the various services, we have shortlisted the top trading platforms, and brought them to you. Here it is:

eToro

eToro is a self-styled social trading and multi-asset brokerage firm. It is based in Israel, but its international offices are spread across the UK and Cyprus. It operates on a global level, so anyone can register and use it from pretty much anywhere, irrespective of which country they belong to.

eToro

Newbies will find eToro to be a remarkably easy to use platform. It allows the users to view the trade moves of the best performing members on its network. And, that’s just the trailer. The users can also follow those traders, and…guess what…copy their actions! Isn’t that amazing? This way, beginners don’t have to learn cryptocurrency trading the hard way, by losing their money and learning from it.

Instead, they can keep following the actions of the best performing traders, understanding why those decisions are working, and learn in the process. This is pure gold for the newbies.

Kraken

Once you have gotten the basic understanding of cryptocurrency trading and wish to take it up on a more serious or professional level, you start using Kraken. It is important to note that Kraken has an infamously unintuitive interface.

Kraken

So, unless you are familiar with the cryptocurrency trading, you will not be able to navigate or use it. Kraken is the biggest cryptocurrency trading platform. It has an impeccable track record as the most secure platform. However, its customer support and performance has taken a hit over the past year.

This is, in part, thanks to the repeated DDoS attacks to which the hackers are resorting, since nothing else has worked for them. Although there is a dip in its performance, these kind of attacks solidify the Kraken’s reputation as the most secure cryptocurrency trading platform in the world.

It isn’t a joke that it is the world’s largest bitcoin trading platform.

IQ Option

IQ Option supports a variety of traditional financial instruments and cryptocurrencies. It is also a highly secure and safe platform to use. Its office is located in Cyprus in Europe and its operations are subject to the regulations of the country’s regulator. It is compliant with Cyprus’s regulations, which makes it a safe partner for the users.

IQ Option

The best thing about this platform is that it offers a great number of useful features, including data analyses. It presents the various reports in easily understandable charts.

The platform supports up to 12 cryptocurrencies. The highlight of the platform is that it offers two different types of accounts – one for the beginners or casual traders, and the other for high volume traders. All of these features make it a great trading platform for beginners in the cryptocurrency world.

Cex.io

Cex.io is a highly user-friendly cryptocurrency trading platform. It offers a highly intuitive interface and the users can customize their dashboards to suit their preferences. Cex.io offers the beginners an easy way to buy cryptocurrencies with their fiat money and vice versa.

Cex.io

They can easily trade between cryptocurrencies. People from anywhere in the world can open an account on Cex.io, and the good thing about it is that it supports margin trading.

Cex.io has an excellent reputation and provides a greater degree of flexibility for users by providing mobile support, credit card payments, and so on. A characteristic thing about Cex.io is that it has a painfully long identity verification process, which is a good thing because it will keep anyone else from getting access to your account using your details.

Poloniex

Poloniex has an outstanding reputation for its security features and that’s no coincidence. They take their IT security very, very seriously. Their offline cold storage facility for deposits is cherished by its users. Poloniex stores only a part of its cryptocurrencies online for the sake of trading.

Poloniex

So, any hackers, even if they manage to find their way through its security, will not be able to lay their hands upon the bulk of the cryptocurrencies that are stashed with Poloniex. Plus, they have people monitoring their website 24*7 and any unusual activity is instantly shut down by them. This makes for a safe environment for everyone.

The advanced users love Poloniex for the rich analysis and tools that it offers the traders. These features are enough to make Poloniex a darling of every serious cryptocurrency trader. But, the highlight of this platform is that it offers highly competitive transaction fee of less than 0.30%.

http://ift.tt/2DnO1Fn

[vanessawestwcrtr5]

Which is The Most Secure Cryptocurrency Trading Platform for Beginner Traders?

Which is The Most Secure Cryptocurrency Trading Platform for Beginner Traders?

You can also convert your holdings from one cryptocurrency to another at the going rates. Trading platforms vary from each other by a great degree in terms of complexity, features, digital currencies supported on the platform, and other factors. But, the most important factor to consider when choosing a cryptocurrency trading platform is the security.

Importance of Security for Cryptocurrency Trading Platforms

Cryptocurrency exchanges hold massive pools of various types of currencies. This makes them a good target for hackers. If they manage to find a way in, they can go home carrying hundreds of millions of dollars’ worth of cryptocurrencies.

In fact, it has happened before. Mt. Gox, BTC-e, and DAO (not an exchange) are some of the most popular organizations that were hacked by smart hackers, who got away with a horrifying amount of cryptocurrencies.

Naturally, any cryptocurrency trader would want to make sure that the trading platform that they are using is not susceptible to similar security flaws as those that were hacked. That’s why we are here to help you pick your first cryptocurrency trading platform.

Things to Consider When Analyzing the Security of a Trading Platform

Ask any software security expert and they will tell you how complex and difficult it is to create a highly secure system. Even when corporations pour in massive amounts of money to create a powerful security system, it is humanly impossible to ensure that there are absolutely no flaws in the system.

This is true for cryptocurrency trading platforms too. Therefore, they keep their systems secure by employing a variety of security features that are proven to be highly secure.

To ensure maximum security, these businesses do not share their security protocols, security features, and practices with anyone, making it tougher for the hackers to invade into their systems.

So, we have to resort to other ways to evaluate how secure a cryptocurrency trading platform really is. Here are some things that are useful in that direction.

Identity Verification. When you are creating your account on any cryptocurrency trading platform, you will be asked to share a variety of information about yourself. In general, the more information you are prompted to share, the more secure is the trading platform. Most trading agencies will ask for identification verification, which you can prove using your driver’s license, a passport, or some other government-approved identification. It is important that you do not try and skirt this step by giving them a fake identification, because if your account faces any problem tomorrow, then you might need to prove your identity. So, giving them fake identification or someone else’s identification is strongly advised against.

Reputation. All trading platforms face their challenges. They have their ups and downs. But, the trading platforms which earn the highest trust of their users are those that offer the best customer experience. That includes a near airtight security and safety of their account, fantastic customer support, and a keen interest in the satisfaction of their users. So, the best trading platforms have an outstanding reputation. If they are good at everything else, then it is likely that they have an excellent security system in place too.

The IT Talent. LinkedIn can be a great resource for anyone who knows how to use it. It can provide useful in understanding how good the IT security infrastructure in a trading platform is. Just check out the trading platform’s employee list, specifically the IT team. If you can find the security experts in the team, go through their qualifications, past experience, and the projects they have handled. That should give you a very good idea about their capabilities.

There are many more methods of analyzing the IT security infrastructure of a trading platform, and they all offer varying amounts of information and insights.

List of Most Secure and popular Platforms

After analyzing the various services, we have shortlisted the top trading platforms, and brought them to you. Here it is:

eToro

eToro is a self-styled social trading and multi-asset brokerage firm. It is based in Israel, but its international offices are spread across the UK and Cyprus. It operates on a global level, so anyone can register and use it from pretty much anywhere, irrespective of which country they belong to.

eToro

Newbies will find eToro to be a remarkably easy to use platform. It allows the users to view the trade moves of the best performing members on its network. And, that’s just the trailer. The users can also follow those traders, and…guess what…copy their actions! Isn’t that amazing? This way, beginners don’t have to learn cryptocurrency trading the hard way, by losing their money and learning from it.

Instead, they can keep following the actions of the best performing traders, understanding why those decisions are working, and learn in the process. This is pure gold for the newbies.

Kraken

Once you have gotten the basic understanding of cryptocurrency trading and wish to take it up on a more serious or professional level, you start using Kraken. It is important to note that Kraken has an infamously unintuitive interface.

Kraken

So, unless you are familiar with the cryptocurrency trading, you will not be able to navigate or use it. Kraken is the biggest cryptocurrency trading platform. It has an impeccable track record as the most secure platform. However, its customer support and performance has taken a hit over the past year.

This is, in part, thanks to the repeated DDoS attacks to which the hackers are resorting, since nothing else has worked for them. Although there is a dip in its performance, these kind of attacks solidify the Kraken’s reputation as the most secure cryptocurrency trading platform in the world.

It isn’t a joke that it is the world’s largest bitcoin trading platform.

IQ Option

IQ Option supports a variety of traditional financial instruments and cryptocurrencies. It is also a highly secure and safe platform to use. Its office is located in Cyprus in Europe and its operations are subject to the regulations of the country’s regulator. It is compliant with Cyprus’s regulations, which makes it a safe partner for the users.

IQ Option

The best thing about this platform is that it offers a great number of useful features, including data analyses. It presents the various reports in easily understandable charts.

The platform supports up to 12 cryptocurrencies. The highlight of the platform is that it offers two different types of accounts – one for the beginners or casual traders, and the other for high volume traders. All of these features make it a great trading platform for beginners in the cryptocurrency world.

Cex.io

Cex.io is a highly user-friendly cryptocurrency trading platform. It offers a highly intuitive interface and the users can customize their dashboards to suit their preferences. Cex.io offers the beginners an easy way to buy cryptocurrencies with their fiat money and vice versa.

Cex.io

They can easily trade between cryptocurrencies. People from anywhere in the world can open an account on Cex.io, and the good thing about it is that it supports margin trading.

Cex.io has an excellent reputation and provides a greater degree of flexibility for users by providing mobile support, credit card payments, and so on. A characteristic thing about Cex.io is that it has a painfully long identity verification process, which is a good thing because it will keep anyone else from getting access to your account using your details.

Poloniex

Poloniex has an outstanding reputation for its security features and that’s no coincidence. They take their IT security very, very seriously. Their offline cold storage facility for deposits is cherished by its users. Poloniex stores only a part of its cryptocurrencies online for the sake of trading.

Poloniex

So, any hackers, even if they manage to find their way through its security, will not be able to lay their hands upon the bulk of the cryptocurrencies that are stashed with Poloniex. Plus, they have people monitoring their website 24*7 and any unusual activity is instantly shut down by them. This makes for a safe environment for everyone.

The advanced users love Poloniex for the rich analysis and tools that it offers the traders. These features are enough to make Poloniex a darling of every serious cryptocurrency trader. But, the highlight of this platform is that it offers highly competitive transaction fee of less than 0.30%.

http://ift.tt/2DnO1Fn

[adrianjenkins952wblr]

Which is The Most Secure Cryptocurrency Trading Platform for Beginner Traders?

Which is The Most Secure Cryptocurrency Trading Platform for Beginner Traders?

You can also convert your holdings from one cryptocurrency to another at the going rates. Trading platforms vary from each other by a great degree in terms of complexity, features, digital currencies supported on the platform, and other factors. But, the most important factor to consider when choosing a cryptocurrency trading platform is the security.

Importance of Security for Cryptocurrency Trading Platforms

Cryptocurrency exchanges hold massive pools of various types of currencies. This makes them a good target for hackers. If they manage to find a way in, they can go home carrying hundreds of millions of dollars’ worth of cryptocurrencies.

In fact, it has happened before. Mt. Gox, BTC-e, and DAO (not an exchange) are some of the most popular organizations that were hacked by smart hackers, who got away with a horrifying amount of cryptocurrencies.

Naturally, any cryptocurrency trader would want to make sure that the trading platform that they are using is not susceptible to similar security flaws as those that were hacked. That’s why we are here to help you pick your first cryptocurrency trading platform.

Things to Consider When Analyzing the Security of a Trading Platform

Ask any software security expert and they will tell you how complex and difficult it is to create a highly secure system. Even when corporations pour in massive amounts of money to create a powerful security system, it is humanly impossible to ensure that there are absolutely no flaws in the system.

This is true for cryptocurrency trading platforms too. Therefore, they keep their systems secure by employing a variety of security features that are proven to be highly secure.

To ensure maximum security, these businesses do not share their security protocols, security features, and practices with anyone, making it tougher for the hackers to invade into their systems.

So, we have to resort to other ways to evaluate how secure a cryptocurrency trading platform really is. Here are some things that are useful in that direction.

Identity Verification. When you are creating your account on any cryptocurrency trading platform, you will be asked to share a variety of information about yourself. In general, the more information you are prompted to share, the more secure is the trading platform. Most trading agencies will ask for identification verification, which you can prove using your driver’s license, a passport, or some other government-approved identification. It is important that you do not try and skirt this step by giving them a fake identification, because if your account faces any problem tomorrow, then you might need to prove your identity. So, giving them fake identification or someone else’s identification is strongly advised against.

Reputation. All trading platforms face their challenges. They have their ups and downs. But, the trading platforms which earn the highest trust of their users are those that offer the best customer experience. That includes a near airtight security and safety of their account, fantastic customer support, and a keen interest in the satisfaction of their users. So, the best trading platforms have an outstanding reputation. If they are good at everything else, then it is likely that they have an excellent security system in place too.

The IT Talent. LinkedIn can be a great resource for anyone who knows how to use it. It can provide useful in understanding how good the IT security infrastructure in a trading platform is. Just check out the trading platform’s employee list, specifically the IT team. If you can find the security experts in the team, go through their qualifications, past experience, and the projects they have handled. That should give you a very good idea about their capabilities.

There are many more methods of analyzing the IT security infrastructure of a trading platform, and they all offer varying amounts of information and insights.

List of Most Secure and popular Platforms

After analyzing the various services, we have shortlisted the top trading platforms, and brought them to you. Here it is:

eToro

eToro is a self-styled social trading and multi-asset brokerage firm. It is based in Israel, but its international offices are spread across the UK and Cyprus. It operates on a global level, so anyone can register and use it from pretty much anywhere, irrespective of which country they belong to.

eToro

Newbies will find eToro to be a remarkably easy to use platform. It allows the users to view the trade moves of the best performing members on its network. And, that’s just the trailer. The users can also follow those traders, and…guess what…copy their actions! Isn’t that amazing? This way, beginners don’t have to learn cryptocurrency trading the hard way, by losing their money and learning from it.

Instead, they can keep following the actions of the best performing traders, understanding why those decisions are working, and learn in the process. This is pure gold for the newbies.

Kraken

Once you have gotten the basic understanding of cryptocurrency trading and wish to take it up on a more serious or professional level, you start using Kraken. It is important to note that Kraken has an infamously unintuitive interface.

Kraken

So, unless you are familiar with the cryptocurrency trading, you will not be able to navigate or use it. Kraken is the biggest cryptocurrency trading platform. It has an impeccable track record as the most secure platform. However, its customer support and performance has taken a hit over the past year.

This is, in part, thanks to the repeated DDoS attacks to which the hackers are resorting, since nothing else has worked for them. Although there is a dip in its performance, these kind of attacks solidify the Kraken’s reputation as the most secure cryptocurrency trading platform in the world.

It isn’t a joke that it is the world’s largest bitcoin trading platform.

IQ Option

IQ Option supports a variety of traditional financial instruments and cryptocurrencies. It is also a highly secure and safe platform to use. Its office is located in Cyprus in Europe and its operations are subject to the regulations of the country’s regulator. It is compliant with Cyprus’s regulations, which makes it a safe partner for the users.

IQ Option

The best thing about this platform is that it offers a great number of useful features, including data analyses. It presents the various reports in easily understandable charts.

The platform supports up to 12 cryptocurrencies. The highlight of the platform is that it offers two different types of accounts – one for the beginners or casual traders, and the other for high volume traders. All of these features make it a great trading platform for beginners in the cryptocurrency world.

Cex.io

Cex.io is a highly user-friendly cryptocurrency trading platform. It offers a highly intuitive interface and the users can customize their dashboards to suit their preferences. Cex.io offers the beginners an easy way to buy cryptocurrencies with their fiat money and vice versa.

Cex.io

They can easily trade between cryptocurrencies. People from anywhere in the world can open an account on Cex.io, and the good thing about it is that it supports margin trading.

Cex.io has an excellent reputation and provides a greater degree of flexibility for users by providing mobile support, credit card payments, and so on. A characteristic thing about Cex.io is that it has a painfully long identity verification process, which is a good thing because it will keep anyone else from getting access to your account using your details.

Poloniex

Poloniex has an outstanding reputation for its security features and that’s no coincidence. They take their IT security very, very seriously. Their offline cold storage facility for deposits is cherished by its users. Poloniex stores only a part of its cryptocurrencies online for the sake of trading.

Poloniex

So, any hackers, even if they manage to find their way through its security, will not be able to lay their hands upon the bulk of the cryptocurrencies that are stashed with Poloniex. Plus, they have people monitoring their website 24*7 and any unusual activity is instantly shut down by them. This makes for a safe environment for everyone.

The advanced users love Poloniex for the rich analysis and tools that it offers the traders. These features are enough to make Poloniex a darling of every serious cryptocurrency trader. But, the highlight of this platform is that it offers highly competitive transaction fee of less than 0.30%.

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