The forex and stock markets have forever been known for offering money-making opportunities to people.
You have probably heard many people talk about the level of success people enjoy by trading in these markets, and some of the world’s most influential and rich people were able to reach their existing position by taking advantage of the opportunities they offered. Therefore, it is not surprising that many people had an interest in trading long before the concept of online trading existed. Since it has bene introduced, many people who couldn’t have fathomed moving into the financial markets have taken the step.
As a matter of fact, the introduction and popularity of cryptocurrencies has also fueled interest in online trading and has prompted millions of people all across the world to contemplate trading in the financial markets. The success stories are very appealing and have drawn massive amounts of people to the mix. While it is true that there are plenty of opportunities available and online trading is also easier than its traditional counterpart, you should be aware that many people fail as well. You can find a higher number of stories of people who lost their entire capital in these markets and this is something to be wary of.
Nonetheless, you will discover that in many cases, people end up on the losing side, simply because they don’t make the right decisions. One of these decisions pertain to the choice of the online broker you decide to use for making your investment in the financial markets. You cannot trade without the assistance of a broker because they provide you with the trading platform, tools and features that are required for executing your trades in the market. It doesn’t matter whether you are just starting out or have experience in the trading market, you will need to sign up with a broker.
But, the company you end up choosing will make a big difference in how your experience turns out to be. If they are lacking in any regard, you will find it difficult to trade and if they are the right choice, the process will come off as very simple and profitable for you. It is important to bear in mind that while the market is indeed brimming with online brokerages these days, not all of them are created equal. Some of these are quite capable of addressing the trading needs of traders from all backgrounds, while others are dedicated to a specific category of traders, such as beginners or professional traders.
Likewise, you will also come to know that the market is also rampant with scams and there have been many incidents where brokerages didn’t turn out to be what they claimed. Thus, it pays to be cautious because you want to choose right in the first go and not have to go through the entire process all over again. It is also necessary to remember that just because a brokerage has worked for others is no guarantee that it will suit you as well. Everyone has different expectations and needs and you should be aware of them before you start looking.
One of the best ways to make your decision is to check out what features are offered by a brokerage and then assess if they can fulfill your requirements. You can do this when you discover a forex and CFD broker by the name of CFDAdvanced, which claims to give you access to the biggest financial markets in the world. Like others of their ilk, this company has also advertised itself as a reliable option, but it is up to you to decide if this is the case or not. The best way to accomplish this goal is by considering its prominent features. Some of these are highlighted in this CFDAdvanced Review:
- Website – https://cfdadvanced.com/
- Trading Accounts – Five Account Options; Essentials, Micro, Standard, Premium and Premium Pro
- Minimum Deposit – $250
- Assets Coverage – Forex, Commodities, Stocks, Cryptocurrencies and CFDs
- Trading Tools – Trading Indicators, Signals, Live Charts, Technical Analysis Tools, Price Alerts and Algo Trading
- Education and Training – Yes; , Glossary, e-books, online video courses, webinars, tutorials and expert sessions
- Customer Support – 24/5 through email, phone number, online contact form and live chat assistance
- Security Policy – KYC (Know Your Customer) and AML (Anti-Money Laundering)
Feature 1: Licensing and Regulation
When you have decided to check out a broker’s features in order to determine if it is the right fit for you or not, you should always begin with licensing and regulation. If the company is not properly licensed and regulated, there is no point in going further and this will help you save a lot of time that you would have otherwise spent in assessing its other offerings. So, how does CFDAdvanced fare in this regard? You will be pleased to know that this company is properly licensed and regulated. Firstly, it was founded by HF and Company Ltd, which is located in Sofia, Bulgaria.
They are licensed to provide their services throughout Europe and helped in launching CFDAdvanced. The brokerage itself is based in Seychelles, which means that it is under the jurisdiction and regulation of the Financial Services Authority (FSA). It is one of the most reputable regulators in the world and the broker has been issued a proper license for offering its services. In case of any doubts, you can find this information on their website and confirm it yourself.
This indicates that CFDAdvanced is truly committed to providing quality trading services to their clients, or else they wouldn’t have bothered to go through the steps required for being regulated. The regulatory approval is an assurance that they are fair and transparent in their services, pricing and policies and you will not be misled or exploited in any way. Also, you don’t have to worry about them shutting down their operations overnight and disappearing with your money without any explanations, something that’s often known to happen in the case of unregulated brokers.
Feature 2: Security Infrastructure
There is no denying that it is highly reassuring when you discover that the broker you are considering is a regulated one. You will obviously feel the same when you find out that CFDAdvanced is fully regulated, but this doesn’t mean that they will be the right option. You still need to know what kind of security infrastructure they have because there are risks of trading online and you will be quite vulnerable because you have to depend on the broker for protecting your money and your personal information. This is not something to be taken lightly because, if either of these is compromised, you are the one who has to face the consequences.
CFDAdvanced certainly doesn’t disappoint here either because a look at their security infrastructure shows that they have taken steps for mitigating all potential risks. To begin with, they follow client account segregation rules, which means that they have maintained accounts of their customers separately from that of their own. No company funds are mixed with client deposits and the latter are kept with leading financial institutions to ensure there is no discrepancy or theft of any kind. The funds are only used for the purpose of trading and will be returned to the traders in the event the company files for bankruptcy or suspends its operations.
Moving on, CFDAdvanced has also opted to use advanced SSL (Secure Socket Layer) encryption because this can be quite effective in protecting the personal information that they are entrusted with by the traders using their platform. Furthermore, considering their regulatory status, they are also required to follow the Know-Your-Customer (KYC) and Anti-Money Laundering (AML) policies. These require traders to provide documents for proof of identity and address. Their goal is to ensure that the broker’s platform is not used for terrorist financing, money laundering, financial fraud and identity theft.
Documents that can be submitted to CFDAdvanced for proof of identity include a national ID card, a driver’s license or an international passport, which shouldn’t be expired or near expiry. For proof of address, a utility bill like gas, water or electricity, or a bank statement will suffice.
Feature 3: Trading Products
Your next priority should be to look at the trading products that will be at your disposal when you sign up with a broker. It is possible that you want to trade some specific instruments, so you should see if they are being offered. Secondly, you may also be interested in diversification of your portfolio, which means checking to see if there is enough variety available to help you in achieving this goal. A lot of companies claim to offer a wide array of instruments to their clients, but most of these are making big claims and rarely live up to them. CFDAdvanced turns out a bit different in this regard.
They have clearly mentioned that you will be able to trade more than 200 trading instruments on their platform and this is exactly what you will discover. CFDAdvanced does indeed give you access to the biggest financial markets in the world and allows you to trade profitable instruments that can help your bottom line. If you are wondering what markets you will be able to access, you can take a look below:
Cryptocurrencies: Almost everyone has heard of cryptocurrencies nowadays, as they have become all the rage. You cannot possibly want to enter the financial markets without investing in a crypto or two, simply because the chance of making massive profits is too hard to resist. You can trade a horde of options at CFDAdvanced, as they have added some of the best choices, such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash and more.
Forex: If you are someone who prefers traditional currency pairs, you can also find those at your disposal, or you can add both kinds of currencies to your investment portfolio. After all, foreign exchange is the world’s largest market and offers a ton of currency pairs for you to choose from. You can opt for GBP/USD, EUR/GBP, USD/CHF, EUR/USD and USD/JPY.
Stocks: It is not possible for anyone to have not heard of the stock market, as it has always been associated with the trading world. You can trade shares of some of the most renowned and profitable companies across the globe, which means endless opportunities to generate returns. Apple, Facebook, eBay, Microsoft, Amazon, PayPal, Coca Cola, Netflix and Aurora are just some of the choices.
Commodities: One of the best ways for people to diversify their investment portfolio is to invest in commodities, which are known for providing consistent returns. There are soft commodities that refer to agricultural items like coffee, wheat, sugar, corn and rice, and there hard ones that refer to precious metals like gold and silver. Crude oil and natural gas are some energies that can also be traded in this space.
Feature 4: Trading Platform
You have figured out what you can trade, but have you thought about how you will trade it? This is one of the most crucial questions to ask and this is where a trading platform comes in. It is simply a software that’s provided by an online broker and connects to the financial market, executes trades and offers the tools that are used during the process. You should note that the kind of trading platform you will be provided is at the discretion of the company. But, since you will be spending most of your time on it, you should be aware of what you are being provided.
If you speak to some experienced traders, you will understand that the trading platform you use will shape most of your experience. Subsequently, you want to have access to a cutting-edge and reliable trading solution. CFDAdvanced has knocked it out of the park in this aspect because they provide their clients with the MetaTrader4, the world’s most popular trading platform. It is well-recognized and considered the top trading solution for every trader, regardless of whether they are an amateur or professional trader.
The MT4 is powered by advanced and sophisticated technology and offers a feature-rich environment, along with an intuitive and user-friendly interface. The desktop client is available for both Mac and Windows devices and it doesn’t take you long to download it. CFDAdvanced wants its clients to have a smooth trading experience and the MT4 allows you to accomplish this goal. It offers ultra-fast trading execution that allows traders to take advantage of all market movements quickly, especially combined with one-click trading. As far as trading tools are concerned, the MT4 offers access to a variety that can be quite helpful in the trading process.
First off, the platform is very easy to navigate because of its interface and trading tools like technical analysis tools, economic calendar, trading indicators and advanced charting packages can all be quite helpful during the trading process. The MT4 is also quite secure and uses encryption for protecting all information. CFDAdvanced has also added mobile MT4 apps for Android and iOS compatibility because there are plenty of traders who enjoy and even prefer mobile trading. The apps allow traders to do so without much struggle and they can have access to their trading account from anywhere.
The apps are easy to download and simple to use, but the best part is that they also come with innovative tools and features that can be quite handy when you are trading on the move. Apart from this, there is another offering by CFDAdvanced that will appeal to many beginners and even some professionals and this is algo trading. This is essentially automated trading where you allow others to trade on your behalf, saving you from the hassle of having to monitor the market. You will be able to get returns without having to make the effort.
Feature 5: Account Choices
Like every other service you sign up for online, you have to create an account with a broker as well. In this case, it will track the capital you invest, maintain your trading history, existing trading positions and give you access to tools and features. It is imperative to understand that brokerages offer different account options to traders because not everyone is the safe. Traders can be distinguished based on the amount they want to invest, their risk tolerances and their experience and knowledge. The accounts offered by companies are developed accordingly and you can go over the options to choose one that works for you.
You will come to know that CFDAdvanced has proven to be a bit more thorough than other brokers in the market because rather than the typical three choices most offer, they are offering five. Check their choices below:
Account 1: Essentials
A minimum deposit of $250 has to be made for opening the Essentials account on CFDAdvanced and this account is a good choice for those with absolutely no experience. The spreads are a bit high in this account, as they start at 3.0 pips and you are given leverage of 1:50. The lot size starts from 0.01 and dedicated customer support, along with morning brief is provided since traders don’t need anything beyond the basics just yet.
Account 2: Micro
The second account choice that you will find is called Micro and this one has a minimum deposit requirement of $1,000 attached to it. Beginner traders with a bit of knowledge and background can opt for this account, as this will provide them access to a higher leverage of 1:75. Plus, they will also be able to enjoy lower spreads of 2.5 pips.
Account 3: Standard
If you are an intermediate trader, CFDAdvanced can accommodate you easily with the Standard account. This one will need a minimum deposit of $5,000 and in return, traders will be able to benefit from leverage of 1:100. They can also get even lower spreads that begin at 2 pips. They are also provided with trading signal access, premium trading education and free VPS.
Account 4: Premium
The next account option has been primarily developed for advanced and seasoned traders because they will be able to make the minimum deposit of $40,000, which is needed for this account. While the leverage in this account remains the same as the Standard account, the spreads go down to 1.5 pips. It comes with the addition of MT4 indicators as well, as they can be quite useful.
Account 5: Premium Pro
To cater to professional and VIP traders, CFDAdvanced has created the Premium Pro account and traders have to deposit a minimum of $200,000 to open it. This time the leverage is increased to 1:150 and the spreads are reduced further to 1.1 pips. Traders can enjoy premium customer service, attend quarterly analyst sessions, get commission and also get access to exclusive events.
Feature 6: Customer Support
There are a lot of people who may not consider customer support important, but this can be a major oversight because you can often get stuck and require assistance. If you don’t get the answers you need right away, you can suffer from heavy losses, which is something every trader wishes to avoid. Therefore, you should ensure that the broker you are planning to use will offer you support, if and when you require it. CFDAdvanced offers dedicated customer support to their clients, which certainly works in its favor. They have added a multitude of channels on their platform that can be used for getting in touch with their team.
If you want to know the details, you can just visit their website, go to the Contact Us section and find out. You will come across an email address and a phone number. There is also an online contact form that you can fill, if you prefer that option. Along with these options, you will also find live chat available on their website, which can be used for urgent queries.
After considering these features of CFDAdvanced, it is apparent that it is a capable brokerage that can provide you the services you need.
Read more:
CFDAdvanced Review – Is CFDAdvanced Scam or Legit?