Buzz in the financial industry brings an influx of new traders to the field. A majority of these traders have no financial background at all but they are still ambitious about investing in assets. So, what is the solution for such people?
A brokerage firm that is trustworthy and beginner-friendly. If you are a new trader with little to no financial background, then you need to sign up with a firm that offers the features to guide you properly. This EcoMarkets review will highlight the reasons why new traders interested in cryptocurrency trading should sign up with EcoMarkets.
EcoMarkets is a cryptocurrency trading firm that has a cutting-edge trading platform but a very simple interface which makes it perfect for new traders. Let’s delve into the features that EcoMarkets has to offer.
Top Features of EcoMarkets
Regulated
Regulations are proof that a brokerage firm is trustworthy. You should always check whether a trading firm is regulated or not before signing up. The main difference between a scam and a legit broker is that the former is unregulated. EcoMarkets is a fully regulated trading company which means that you don’t have to worry about it being a scam. Regulations make sure that the trading firm is following the regulations of international trade and that they are not involved in anything illegal. If any illegal or suspicious acts are suspected, the regulatory agency alerts the relevant authorities.
As per the regulations, EcoMarkets is compliant with the AML (Anti-Money Laundering) and KYC (Know Your Customer) policies. These policies also play a huge role in customer security and in making sure that no money laundering acts are being performed.
Tight Spreads
EcoMarkets is a cost-effective brokerage firm and offers tight spreads. The broker makes money through spreads which are the difference between the buying and selling price of an asset. EcoMarkets offers low spreads which makes it a very good option because many brokerage firms out there offer amazing trading conditions at the expense of high spreads which is not good.
Proper Leverage
Leveraged trading is something that can excite all types of traders. This is because trading with leverages is very beneficial for traders. Leverage is the support that the brokerage firm puts into your investment in an asset. So, EcoMarkets provides leverage up to 1:5. This means that for every $1 that you put in an asset, the broker will put in $5. This contribution may not seem like enough in light of other assets but it can make a lot of difference in cryptocurrency investments.
Customer Support
As a new trader, you enter a completely new environment when you sign up with a broker. This is why the trading firm needs to be available to answer your queries whenever you may require answers. In fact, you can tell a lot about the trading firm’s stance on customer satisfaction by the quality of client support that it offers. The customer support department that EcoMarkets provides is active 24/7. This means that customers can get timely responses whenever they may send in their queries. The firm has made several different ways of communication available for traders such as emails, phone calls, as well as via the live chat feature that is available on EcoMarkets’ website.
Final Thoughts
EcoMarkets is a trading firm that is the perfect choice for absolute beginners. It is important to understand how cryptocurrency investments work before you can make proper investments. However, with the step-by-step support that EcoMarkets gives, you can reach that stage in no time at all. The firm uses advanced technology in its trading platform and offers modern trading tools on a simple interface. This means that if you know what you are doing, you will be able to easily use the functions that the platform is packed with.
So, if you are a newbie into the field of cryptocurrency investments, then you should definitely consider signing up with EcoMarkets. You can always change the trading firm that you have signed up with after you have mastered the basics.