If you are looking for a solid way to earn some returns, online trading is the way to go. The financial markets are not short on opportunities for you to try. There are thousands of instruments that can be traded for a profit and even if you don’t have any experience, you can get started right away.
The world of trading doesn’t impose any barriers to entry and you can start, even if you cannot dedicate your full-time to it. But, in order to begin, you first need to look for an online broker. A lot of things may have changed in the trading world due to technological advancement, but a broker is still an essential element.
The good thing is that there are plenty of brokers that you can find in the market. But, not every broker is going to be the right one. They may not offer you the instruments you want, their trading conditions may not be profitable or they may lack appropriate security measures. If you are not comfortable with their offerings, you should continue your search for a broker. The best way to select a broker is to take their services and features into account. This is exactly what you should do with SMIMarkets.
It is a forex and CFD broker, which has been around the market for a long time. It was established in 2002 by 1Bit OU and has its registered address in Estonia. SMIMarkets also has offices in other regions, such as London, United Kingdom, Sydney, Australia and Stockholm, Sweden. But, what can it offer to you? Let’s take a look:
The asset index at SMIMarkets
The first thing to check in a broker is their asset index because this will tell you what instruments you can trade. It is important if you have a specific instrument in mind or you want to diversify your portfolio. Either way, SMIMarkets can work out for you because they enable you to trade in the forex market and have also added CFDs.
When you opt for this broker, you can trade numerous foreign currency pairs, including major, minor and exotic options. You can also trade precious metals like gold, silver and platinum, commodities like cocoa, rice, wheat and sugar. Oil is also available for trading as are indices like S&P 500, Dow Jones, FTSE 100 and more.
The security infrastructure at SMIMarkets
In light of increased cybersecurity risks, traders are now prioritizing security when they look for a broker. If a broker doesn’t pay attention to their security measures, you need to look for alternatives because this will just put your sensitive information and your money at risk. What about SMIMarkets? Luckily, this broker has established a proper security infrastructure. They use high-end encryption technology to protect all data shared with them by their clients. They also comply with the KYC and AML security policies, which are Know Your Customer and Anti-Money Laundering.
The trading platforms at SMIMarkets
An important thing that you need to check in a broker is their trading platform. This software is used for trade execution and if it doesn’t work properly, it can have a negative impact on your trading performance and results. SMIMarkets has made an effort to ensure that their trading platforms provide their clients with the necessary features and tools needed for a seamless trading experience. You can find a desktop-based platform that can be downloaded on your PC and is integrated with top-notch technology, along with numerous charting tools, trading indicators and other helpful features.
If you don’t want a downloadable trading platform, SMIMarkets has also added a web platform for their clients. This is extremely easy to use because it can be accessed directly from the broker’s website. It offers excellent trade execution speed and gives traders real prices. You can trade in a single click without any hassle. There are also mobile apps available for iOS and Android for your convenience and flexibility.
The account options at SMIMarkets
In order to use a broker’s services, traders need to open an account with them and this means going through the options that are available. As SMIMarkets caters to traders from all walks of life, they have given their clients five account choices from which they can select one that suits their needs. These options include:
Beginner: With a minimum deposit of 250 (GBP, EUR or USD), this account has variable spreads and leverage of 1:100 available.
Standard: The second account option needs a deposit of 10,000 and offers negative balance protection and a personal account manager.
Gold: The deposit for this account is increased to 25,000 and leverage is also 1:300. Instant execution is offered, along with a financial plan and a mini saving account.
Diamond: You have to deposit at least 50,000 to get 1:400 leverage, diamond spreads and risk management planning features.
VIP: The last account option is available on private invitation and it comes with priority withdrawal, trading signals and private analyst session. This is a customized account for professional traders.
Along with these account options, SMIMarkets has also added an Islamic account option. You can open an Islamic account for any of the account choices mentioned above. This account will be free of any interest-related transactions, which is convenient for Muslim traders.
Along with these features, SMIMarkets also offers trading education and learning materials to their clients and they have also worked on offering efficient customer service. The purpose is to help people in having a good trading experience, which makes SMIMarkets the right choice for you when you need a comprehensive solution. To learn more about SMIMarkets click here.