As someone who is considering trading in 2020, you want a broker that can match your requirements to the Tee. There is nothing more disappointing than signing up with a broker and realizing that you are trading like the traders from many years ago.
Believe it or not, you can end up with such brokers if you don’t research properly. To help you sign up with the right broker, I have compiled this review of Neuer Capital, a broker that I have had the experience of signing up with.
Just like you, I am a modern trader as well and I always wanted my broker to match my requirements too.
I research dozens, if not hundreds, of brokers in several months. I am not the kind of person who takes decisions on a whim. I take my time and make a decision only when I am one hundred percent sure about it, and I recommend you do that as well.
In fact, I will only talk about the features of the broker, which I think are great for modern traders, and let you decide for yourself.
Neuer Capital and Its Features for Modern Traders
What could be more appealing to modern traders than cryptocurrency trading? There are hundreds and thousands of brokers online that provide you with many different types of trading. You can be in many different financial markets when you sign up with those brokers.
In fact, you can sign up with one broker and be in all the financial markets that you can think of. For example, you have brokers that provide you with CFD trading, and let you trade stocks, commodities, forex currency pairs, indices, and much more from the same trading platform.
However, you can’t really feel like a modern trader unless you get access to the modern assets.
And there is nothing more modern and latest than cryptocurrencies. To tell you the truth, I have signed up with many different types of brokers and saw them providing with cryptocurrency trading among other types.
However, I was always on the lookout for a broker that let me trade cryptocurrencies only. I wanted to keep my focus on only one asset so that I could be an expert at trading it. That’s when I found Neuer Capital, the broker that lets you trade cryptocurrencies only. I was happy to sign up with the broker because I could focus on trading cryptocurrency assets only.
There is one thing that I want to tell you though. I am not really the biggest fan of trading Bitcoin only. Yes, Bitcoin is the biggest digital currency you can get your hands on, but I have always been that guy that goes against the trend.
I wanted to try some other cryptocurrencies than Bitcoin. Neuer Capital gave me that opportunity. I can trade Ethereum, Ripple, Litecoin, and many other digital assets when I am with this broker. Being able to trade so many different types of digital assets is something I had been looking to do for many months and I finally found that with this broker.
Another requirement from the modern traders is that they want to learn trading before they can step into this world. You have to realize that trading is not like playing a lottery.
You have to put in some skills to make money here. It just like any other job that you have done in your life, or you can even call it a business. You can see it from many different angles, but the reality is that you cannot make money unless you know how the financial markets work, what makes the prices of assets go up and down, and what the factors are that you should be considering before you enter a trade.
To do all of that, you have to receive proper learning. If you go to third parties, you have to spend a lot of money, which you don’t have to do when you sign up with Neuer Capital. Once you have signed up with the broker, you have access to some great training material that will teach you a lot about trading cryptocurrencies. That’s what I liked the best about the training material from this broker. The training material consists of introductory as well as some advanced strategies. I know a few things about cryptocurrencies, but I learned a lot from the introductory material from this broker.
In addition to that, I liked the way the broker has compiled the ebooks. I think they come from some really able and intelligent people because the way they have explained cryptocurrency trading is something I have never seen from anyone else.
I have tried learning from some YouTubers as well, but their explanations are not as straightforward and good as the ones from the ebooks from this training material. I can recommend the education center from Neuer Capital to you because I have had the experience of trying it out myself.
I have to bring it to your notice that the broker has provided you with ebooks as well as videos. Yes, if you are a fast learner, which I am not, you can use the videos as well for learning. They explain to you some really difficult concepts with ease and do not take as much time as ebooks take in explaining complex concepts.
KYC, AML, and Encryption
I am not sure about you, but the three terminologies you are reading in the heading are the most important factors to me before I sign up with a broker. I can tell you with ease that if a broker misses any of these, I do not sign up with it. The problem is that when you don’t have these policies and protocols in place, you can be sure that the broker you are about to sign up with is not a good one. So, what are these terminologies all about? Let me explain them to you so you can learn their value like I did.
KYC stands for Know Your Customer, which is a policy that is meant to help brokers identify their customers before they sign up. Why is it important for the broker to get all the information from the trader? Well, if the broker does not obtain this information, money launderers and identity stealers can easily sign up with it. So, someone might sign up with the broker with your identification information without the broker ever knowing about it.
The AML policy is there to ensure that the trading platform from the broker is not used by money launderers. These people use many different layers not only to hide money but their identity as well.
They keep accumulating money in different places but never show their real identity. For that reason, they use the information of others or made-up information when they transact on the internet. The broker makes sure that no such activity can take place on its platform by introducing the AML policy. I can proudly tell you that Neuer Capital is the broker that takes care of this important matter for me.
Lastly and most importantly, you have the broker protecting the information you provide on the website. Encryption is the act of protecting your information through coding. The information is ciphered in such a way that no one can make sense of it even if they get access to it. It turns in to random numbers, alphabets, and symbols. The broker needs to have this technology in place to make sure that the information provided by traders is safe. I was happy to know that Neuer Capital has this protocol in place for our protection.
You can say that one of the reasons for me to sign up with this broker was the presence of these three factors in its services.
Use of Credit Cards, Debit Cards, and Wire Transfers
The broker you sign up with has to make sure that it makes all the methods available to you for depositing your money that is not only safe but fast as well. In the modern world, you have many ways of transacting money with other businesses. However, it is a pity that not all online brokers provide you with all these options.
I was very glad to find out that I could deposit money with this broker in many ways. First of all, I can use the credit card if I want. However, I always wanted to trade with my own money that I already had. That’s why I wanted to use a debit card to deposit funds in my account.
As I mentioned earlier, I have signed up with many other brokers before, but they usually do not offer you the debit card option. In the case of Neuer Capital, it was a rare coincidence. I was able to use my debit card to deposit funds in my account.
However, if you want to deposit funds in your account using your credit card, you can do that with ease. The best thing is that you can use the credit cards from all the major companies of the world including but not limited to Visa and MasterCard.
Now, you will also like the fact that you can use a wire transfer to deposit funds in your account. The broker has arranged for this particular method for traders who are not comfortable with using their personal credit card information on the internet.
I think it is a great option for anyone who is concerned with security. I would not mind using this option either but I have used my debit card many times in the past, so it did not bother me to use here again. However, if you are not concerned with the speed of your deposit but more with the safety of your money, you should definitely use this option.
If you are worried about Neuer Capital being a scam then you don’t need to worry about anything like that. From my experience with this broker, it is a top notch trading platform perfect for new traders who are looking to get their feet wet in the cryptocurrency markets.
Market Review and Webinars
These are the options I don’t think you can do without in the modern world. You have to realize that our world is very fast today. You want to do everything fast and that goes for trading as well. However, you don’t want to step in this world without proper training. But can you get training without spending too much time?
Of course, you can do that with ease and the broker I am telling you about is going to make that possible for you. The broker has made sure that you get a daily market review. The daily market review will help you understand what is going on in the market. This will help you make your trading decisions.
In addition to that, you have webinars available from the broker. That’s something I really loved when I tried it. I think there is nothing better than learning from an expert in real-time.
Yes, I have tried videos and ebooks, but they are not as helpful as a webinar. When you attend a webinar, it is like you are sitting in a classroom where an expert is telling you everything about trading. The best thing is that I was able to ask questions from the professionals who were conducting the webinar.
Just like you, I had many confusions about cryptocurrencies and trading online, which were cleared very beautifully by experts who were conducting the webinar.
If you are looking for a broker that can meet your requirements as a modern trader, I highly recommend that you try Neuer Capital. I have compared its features with many other online brokers, but what sets this broker apart is that it is focused solely on cryptocurrency trading and provides you with some great options within that market.
The trading platform is great, the low fees are awesome, and I think the low margins can be a great help for new traders. You can start trading with this broker by depositing on ly $1000 in your account. So, are you ready to make a move?
Jason is the Marketing Manager at a local advertising company in Australia. He moved to Australia 10 years back for his passion for advertising. Jason recently joined BFA as a volunteer writer and contributes by sharing his valuable experience and knowledge.