Is It Okay for New Traders to Start Their Career with ETFinance?
Choosing the right online broker can be a big challenge for traders who are just starting their trading career. The experienced traders understand their needs and thus it is not difficult for them to pick the right broker. The good news is that there are lots of online broker options available for any type of trader today. If you are looking for your options, you might want to take a look at ETFinance. ETFinance is quite a famous and reliable online broker with customers trading on its platform from all over the world. Let’s know more about the broker and see if it is the right one for new traders.
Introduction to ETFinance
ETFinance might not be the biggest online broker out there but it is definitely one of the biggest. At the moment, it has traders from more than 60 countries that use its platform to trade on its platform. The company is focused on providing safe trading services to the traders from around the world. It has a strict Know Your Customer policy to ensure only legitimate people are using its platform. In addition to that, you have to have your account in your name and in the country you originate from to trade with ETFinance. All of these measures are taken by the broker to ensure no money laundering takes place using its platform.
ETFinance Trading Platforms
You will not be disappointed when it comes to trading platforms with ETFinance. The broker has brought you the best of the trading platforms and also ensured that you can access your trading statistics and dashboard from anywhere you want. You mainly get access to the MetaTrader 4 trading platform, which is undoubtedly the best trading platform known around the world. This platform is easy to understand, offers interactive market charts and can be customized in many ways for traders to make it look exactly how they want.
The best thing is that ETFinance has brought the platform to mobile devices as well. Whether you are using an iPhone or an Android smartphone, you can have the application installed on your phone. You also have the web-based version of the software available. This version is available across all the different mobile and desktop platforms. There are many other types of trading applications available from the broker. In short, you can have your trading platform in the shape and form that you prefer.
ETFinance Trading and Asset Index
The experience of trading with ETFinance is one of the best. You are going to get access to five different asset classes so you can pick an asset that you find easy to trade. You can trade forex currencies, indices, commodities, cryptocurrencies and stocks. The best thing is that you can now trade cryptocurrencies with ETFinance. The broker has stepped in the line of only a few brokers that give their traders access to the cryptocurrency market through CFD contracts. With ETFinance, you will be able to trade the three most famous cryptocurrencies namely Bitcoin, Ethereum, and Litecoin.
You also have the most stable forex currencies available for trading. Stocks of the best and the biggest companies are available for trading with huge leverages. You get to enjoy huge leverages regardless of the financial asset you pick. With leverages that can be as huge as 1:150, you can definitely enter trades that will yield huge profits for you. However, you have to make sure that you use the leverage only when you are sure about taking up a position. There are not commissions for you to pay on your trades. You just have to deal with spreads i.e. the best way for online brokers to charge their traders.
ETFinance Trading Accounts
Is it easy for you to start trading with ETFinance if you are stepping in the trading world for the first time? Does the broker pay attention to new traders or it only introduces features that suit experienced and rich traders? You will be glad to know that ETFinance focuses on new and experienced traders the same. It does not discriminate between them and you can see that from the type of accounts available for signup. You have a starter account that you can open with a very small initial deposit. You can still enjoy some great features with the basic account type such as basic training, fixed yet tight spreads, personal account manager, and leverages of up to 1:100.
The other three accounts are silver, gold, and platinum. Gold and platinum accounts give you access to even bigger leverages i.e. 1:200. The spreads are floating with all the accounts except the basic account. Hedging is completely allowed no matter which account type you pick unlike other broker who like to keep their traders from hedging.
Customer Service from ETFinance
Customer service is available through all the possible channels for the traders. You can use the web form to send long inquiries to the company. You can also use an email address given on the website. There are three different phone numbers that people from different countries can use. These phone numbers are for United Kingdom, Germany, and Estonia. Having multiple phone numbers is going to be great for traders. If they are not comfortable sending an email, they can always call the company to have their issues resolved instantly. The customer support is available 24/5 from ETFinance and is included with all the account types.
There is nothing crucial that you can say is missing from the services being offered by this broker. You can say that the entire system has been designed by people who belong to the industry and understand the challenges and requirements of the traders. ETFinance is doing a great job for the new traders by introducing a basic account specifically for them with fixed spreads. It gives huge leverages to the new traders and also provides them with free basic education when they sign up. If you are a new trader on the fence whether you should go with ETFinance or not, you are highly recommended to pick it for the above-mentioned reasons.