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What is Swissquote.com | Is It The Best In The Industry?

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What is Swissquote.com? What does it have to offer in the market? Is it one that you can trust? Let us find out about all that and more in today’s comprehensive review. Here are the main items that we shall have a look at:What is Swissquote.com?

  • What is swissquote.com?
  • Swissquote’s investment offerings
  • The commissions and fees
  • Charges in the UK entity
  • Charges in the Swiss entity
  • Platforms and tools
  • Mobile trading
  • Is swissquote.com genuine or is it a Scam?
  • Pros and Cons

Name: Swissquote.com

Official Website URL: https://en.swissquote.com/

Overall Rating: 3.7 out of 5 stars (3.7 / 5)

Recommended: Yes

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What is swissquote.com?

Swissquote is one of the popular Swiss investment banks. It was established in 1996, and has two main arms:

  • The Swiss Unit that deals with stocks, funds, options, and options trading.
  • A UK-based company that deals with CFD and forex trading.

The main entity is based in Switzerland, where it operates under the name Swissquote Bank Limited. This entity is regulated by the Swiss Financial Market Supervisory Authority (FINMA), which is Switzerland’s financial regulator.

The UK entity known as Swissquote Limited is regulated by the Financial Conduct Authority (FCA), which is UK’s financial authority.

Swissquote can generally be considered safe to use since Swissquote Bank Limited has a valid banking license, and it’s also listed on the Swiss Stock Exchange. This essentially means that Swiss Bank Limited has to disclose its financial activities regularly.

Swissquote’s investment offerings

Swissquote became the first bank in the world to add cryptocurrencies to the list of its crypto offerings. By 2020, customers could access and trade in the following cryptos:

  • EOS
  • Stellar
  • Tezos
  • Ethereum Classic
  • Chainlink
  • Augur
  • Ox

Customers can open eTrading accounts or eForex accounts on Swissquote. The Swissquote eTrading account offers customers the opportunity to trade cryptos and a wide variety of products in about 60 global market exchanges. They, however, cannot do forex and CFD trading.

To trade CFDs and forex, as well as forwards and options, traders are required to use the eForex Accounts. These accounts offer 130 tradable symbols.

Note:

  • com offers forex trading
  • There are 78 currency pairs
  • You can access 49 tradable CFDs
  • Social trading/copy-trading offered
  • No cryptos traded as CFDs

The commissions and fees

The commissions and spreads in the UK entity differ from the Switzerland entity significantly. Of the two, the UK entity has relatively lower costs and deposit requirements but unfortunately offers fewer products. Generally, Swissquote trading costs are not the very best, compared to other forex brokers in the industry.

Charges in the UK entity

In the UK entity, traders have the option of opening one of the following accounts offered:

  • Elite account – active traders who deposit not less than $10,000 do well with this option. It has lower spreads and charges $5 per round-turn trade.
  • Professional account –this account is somehow identical with the professional account, with the main difference being that the threshold for the margin call stop-out happens to be lower.
  • Standard account – the EUR/USD spreads start at 1.3 pips
  • Prime account – the spreads start from 0.6 pips

Charges in the Swiss entity

Besides the eTrading account offered, customers can also access one of the following account options:

  • Standard account- requires a $1k deposit. This account’s spreads start from 1.7 pips on EUR/USD
  • Premium account – requires a $10k deposit. The spreads start from 1.4 pips.
  • Prime account- requires a $50k deposit. The spreads start from 1.1 pips.

Active traders have a shot at negotiating custom pricing based on their trade volumes.

Charges for crypto trading

For crypto trades, customers incur charges equivalent to 1% of the value of cryptos in question. These charges drop based on the trade volume, as shown below:

  • 75% for the values above CHF 10k
  • 5% for values above CHF 50K

Swissquote does not charge any custody fees, but customers incur a USD 10 fee for all deposits that are less than USD. Customers depositing larger amounts only pay deposit fees for the same amount.

Platforms and tools

Swissquote, in an attempt to match up the performance standards of the other top performers in this industry, offers a collection of tools and platforms that customers can use to achieve their trading objectives. Overall, Swissquote.com offers the Advanced Trader platform suite that is available for desktop and web.

MetaTrader – to make the default MetaTrader desktop experience even better, Swissquote gives traders the chance to access MetaTrader Master Edition suite. This suite is developed by FX Blue LLP.

Advanced Trader Web – Swissquote recently upgraded Advanced Traders web-version to HTML5. This upgrade incorporates TradingView charts. The web version has significantly fewer tools than the desktop version.

Advanced Trader – The desktop version of Advanced Trader brings together some desirable features such as robust charting, complex order types, as well as forex options trading based on a Request For Quote approach.

Mobile trading

Swissquote also makes it possible for traders to trade through the Advanced Trader app,  as well as MT4 and MT5 mobile. The mobile app is generally easy to use, and it has a clean design. It, however, lacks some charting features, making MetaTrader suite the better option.

Swissquote needs to improve on the Advanced Trader App to give it a shot at competing with other top performers in the industry, that have more superior features.

In the MetaTrader suite and the app, market research is limited to the headlines that are streamed from Dow Jones Newswire, alongside an economic calendar. A friendly feature of Advantage Trader is that it has about 25 educational videos integrated into it.

Is swissquote.com genuine or is it a Scam?

Swissquote.com is in my humble opinion, genuine. It is regulated in Switzerland and the UK, making it one that customers can trust. Customers who have used it in the past perceive it as an average platform. These sentiments are echoed on a consumer trust site such a Trustpilot on which has a rating of (3.7/5) stars. Generally, I think Swissquote is doing its job in the industry but has a number of competitors to outmatch before it can claim to be the overall best.

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Pros and cons

Pros

  • Several types of platforms
  • Zero-commissions
  • Educational resources for beginners offered
  • Regulated
  • Crypto-trading supported

Cons

  • Spreads are higher for Swiss accounts
  • High minimum deposit.

Final Words and Verdict

Verdict: Legit

Overall Rating: 3.7 out of 5 stars (3.7 / 5)

Swissquote.com is a legit broker that has built for itself a name in the industry.  I think there’s not much to worry about in terms of safety since it’s regulated in Switzerland and the UK. Unfortunately, the Swiss customers have to pay higher fees in the form of spreads, which disadvantages this company significantly. Other brokers in this industry are committed to delivering nothing short of the most customer-friendly fees. Fees savings can be quite significant over a considerable period.

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That’s all for this review of what swissquote.com is about. I hope you enjoyed it and got enough insights as to whether you can use it to achieve your moneymaking objectives. Let me know what you think about it in the comments section. You can also ask any question about it. I’ll get back to you ASAP.

Your Friend,

Eric, Investor, and Blogger at Start Make Stop Waste!

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Is FXCM Legit | Is It Genuine and Reliable Or Just A Scam?

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Is FXCM legit? Should you trust it to deliver the services that it has promised to deliver to its customers? Is it one that you can recommend to your friends and family? let us find out about that and more in today’s comprehensive review about FXCM. Here are the main elements of the review:Is FXCM legit?

  • Is FXCM legit? (What is it about?)
  • Where is FXCM located?
  • Is FXCM regulated or not?
  • The Account Types offered by FXCM
  • Which instruments can you trade on FXCM?
  • The deposit and withdrawal options
  • Which trading platforms are offered by FXCM?
  • Is FXCM Genuine or Is It A Scam?
  • Pros and Cons

Name of the platform: FXCM

Official Website URL: https://www.fxcm.com/uk/

Overall Rating: 3.1 out of 5 stars (3.1 / 5)

Recommended: Not Recommended

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Is FXCM legit? (What is it about?)

FXCM is recognized as one of the pioneers of the online trading industry. The company that is responsible for the creation of this platform made its entry into the market with the aim of making it possible for investors from all walks to make their money through:

  • Forex trading
  • CFDs
  • Stocks
  • Commodities
  • Indices
  • Spread betting (to the UK and Ireland residents)

FXCM was established in 1999 and has since then been striving to ensure that global traders have access to a large liquid market by offering:

  • Innovative trading tools
  • Constant support from the trading educators
  • Strict financial standards to guarantee the safety of the traders’ money.

Leucadia National Corporation is currently the largest economic owner of this platform. Most people who know Leucadia recognize it for its excellence in its line of business (investing in a wide variety of businesses, more so those in the financial services and investments industry).

Where is FXCM Ltd located?

The FXCM Group has its headquarters in London (UK), from where it offers its services to all customers. It also has a couple of offices in Germany, Italy, France, and Australia, from where it brings its services closer to its region-specific customers.

FXCM also has well-established partnerships with local companies in Greece, Israel, and South Africa. This is a move to expand its global outreach to a larger customer base.

FXCM strives to bring nothing short of the best trading experience to its customers, and it does this by enabling them to access intuitive platform options. As an FXCM customer, you can make your money through the award-winning Trading Station that has a collection of tools that enhance the trading experience.

Is FXCM regulated or not?

FXCM LTD, the company that owns and runs FXCM is regulated is authorized and regulated in the UK, by the Financial Conduct Authority. The current FCA regulations stipulate that a broker must adhere to very strict financial standards, including:

  • Meeting the capital requirements
  • Getting transparent about all the business practices
  • Keeping client funds well-protected

For the global offices, there are Forex Capital Markets Limited offices that see to it that the country’s financial authority and licensing procedures are followed accordingly. The global offices are regulated as follows:

  • FXCM Australia Pty Limited – regulated by ASIC
  • FXCM Germany – partially regulated by BaFin
  • FXCM Italy – regulated by CONSOB
  • FXCM South Africa- regulated by FSCA

The Account Types offered by FXCM

Customers can open a live forex trading account or they can simply do it with a demo account. Demo account owners can apply for a live trading account upon the confirmation of their residence and compliance of their application.

Besides, FXCM has very impressive opportunities for those who are getting started with trading, as well as welcome back bonuses that are offered with some underlying conditions.

Once you have signed up for a live trading account, you can choose between the following options:

  • A single account – this allows you to trade in all the trading instruments in FXCM’s offerings.
  • Active Trader Account – this account works best for the high volume investors. It has premium services as well as tailor-made solutions. Traders who have this type of account can also enjoy discounted pricing on their spread costs.

The fees traders get charged

With all the types of FXCM accounts, traders usually pay floating spreads only, so that they can trade indices and commodities.

Some other spread fees you can expect to get charged (examples), include:

  • EUR/USD – 1.3 pips
  • Crude Oil WTI-0.04
  • Gold – 0.76
  • BTC/USD – 27.13

Here are the spreads for crypto trades:

Which instruments can you trade on FXCM?

FXCM offers a wide range of market instruments such as:

  • Forex
  • Indices
  • Shares
  • Commodities
  • Cryptocurrencies
  • Spread betting

You should confirm, during the signup process, which instruments you can trade in your country.

The deposit and withdrawal options

FXCM seeks to bring the much-desired convenience to the users of its platform. It does this by offering a wide range of deposit and withdrawal options, as shown below:

Deposit options

  • Credit card
  • Debit card
  • ETF
  • Bank wire
  • Skrill

Note that the minimum deposit is $50. Your live trading account can only become operational if you deposit this amount.

Withdrawals

  • Credit card
  • Debit card
  • ETF
  • Bank wire
  • Skrill

FXCM does not charge any withdrawal fees for credit and debit card transactions. Those using international bank wire requests to withdraw, however, have to incur a $40 withdrawal fee.

Upon the processing and confirmation of withdrawal, funds will take about 2 business days to get released to your payment provider.

Which trading platforms are offered by FXCM?

FXCM’s clients can enjoy a collection of some of the top-notch trading platforms, including:

  • Trade Station
  • MT4
  • Traders View
  • NinjaTrader

The above software suite enables traders to access very powerful trading tools, volume indicators, optimization capabilities, as well as automated trading strategies.

Is FXCM Genuine or Is It A Scam?

FXCM is, in my humble opinion, genuine. The fact that FXCM LTD is regulated by FCA and that the other global businesses are also regulated by the respective financial regulatory bodies in their regions goes a long way into proving that this company which started its operations back in 1999 is genuine and not a scam.

Unfortunately, customer reviews on consumer trust sites show what FXCM’s services are not the very best in the market. On Trustpilot, for instance, FXCM has an average rating of (3.1/5) stars. Compared to the top performers in the industry, FXCM still has a long way to go as far as customer satisfaction is concerned.

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Pros and cons

Pros

  • Regulated
  • Low spreads
  • Good trading platforms
  • Customer education is taken seriously

Cons

  • Low consumer trust ratings

Final Words and Verdict

Verdict: Legit (not recommended)

Overall Rating: 3.1 out of 5 stars (3.1 / 5)

Despite being legit, FXCM fails to back up its promises with efficient service delivery as can be proven by the poor customer ratings on consumer trust sites. Generally, I think FXCM has what it takes to rise to the ranks of the top of the industry, but it has to take into consideration the needs of its customers. Meanwhile, you can have a look at what my number one crypto exchange has to offer.

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That’s all for my review about whether FXCM is legit and whether it’s the best in the industry. I hope you’re now well informed and in a better position to make a decision about whether you’ll use it or not. Let me know what your thoughts about it are in the comments section.

Your Friend,

Eric, Investor and Blogger at Start Make Stop Waste!

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What is iggroup.com | Is It Reliable Or Is It Just A Scam?

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What is iggroup.com? What does it offer? Should you start using it today or should you keep off? Welcome to my review about IG Group, in which we shall have a look at what makes it a preference for those who use it. Let us get into it without further ado:What is iggroup.com?

Table of Contents

  • What is iggroup.com?
  • Who is IG Group for?
  • Costs associated with opening and owning an IG  account
  • The trading experience
  • The range of offerings on IG Group
  • Is IG group Genuine or Is It a Scam?
  • Pros and cons

Name: IG Group

Official Website URL: https://www.iggroup.com/

Overall Rating: 4 out of 5 stars (4 / 5)

Recommended: Yes

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What is iggroup.com?

IG was established back in 1974 in the UK and has come to be recognized as one of the biggest CFD brokers in the entire brokers. This brokerage service is regulated by several regulatory bodies in the world, including the well-known ones such as:

  • Financial Conduct Authority (FCA0- UK
  • Federal Financial Supervisory Authority (BaFin) –Germany

IG Group is currently listed on the London Stock Exchange, where its stocks trade under the ticker IGG. This makes IG Group safe since exchanges only work with companies whose financial activities are not questionable.

This brokerage service was founded by Stuart Wheeler who had the intention of helping customers access the first spread betting service in the world. It currently has more than 178,000 clients who are distributed across 5 continents. These clients use this platform for the benefits they stand to get, such as:

  • An extensive product catalog
  • Competitive fees
  • Longstanding business operations
  • Impressive industry reputation

Generally, most people perceive IG Group as the top CFD provider in the entire world. The fact that it is also allowed in the USA speaks volumes about how trusted its services are.

IG USA offers USA customers access to about 80 currency pairs, through a well-organized and navigable website on which the services and fees are fully disclosed. All new customers can also expect to come across the following:

  • Intuitive platform offerings
  • Client education
  • Useful research tools

Who is IG Group for?

Globally, IG Group offers services to traders who would like to get started with CFD trading. In the United States, however, this platform serves those clients who would like to trade in foreign exchange markets. To ensure that all customers are satisfied, IG Group does its best to deliver nothing short of the best services in the entire industry, and at significantly low costs. The owners of this company tap into potential clientele by offering:

  • Low-cost spreads
  • Customer service and education
  • Actionable research
  • Functional user interfaces

Costs associated with opening and owning an IG  account

IG Group tries to maintain competitive fees for its global clients, including those in the USA. This company makes its money mainly through spreads, i.e. bid/ask spreads. They also charge a commission for CFD trades, though it ends up being added to one of the two sides of the market spread. Clients are also charged commissions for all share-CFD trades.

In addition to that, IG(UK) usually charges a premium fee for guaranteed stop-loss orders. This fee only kicks in once the order is triggered. Third-party charges and extra fees are also outlined on the UK official website.

Those in the USA can expect minimum spreads for majors to start at about 0.8 pips. The average spread usually ranges from about 0.9 for (EUR/USD) and (USD/JPY) to about 5.4 for (GBP/CAD).

Other fees to expect when using this platform include:

  1. Swap fees – based on tom-next rates
  2. An inactivity fee of $12 per month – if the client does not trade for 24 months
  3. Wire withdrawals – $15

Traders who meet the set volume thresholds are eligible for IG Group’s rebates. This company has 3 rebate tiers, which range from 5% for those who meet the $100 million monthly trade volume requirements, to 15% for those who meet the $500 + million trading volume requirements.

The trading experience

IG Group offers its global client access to a variety of platforms and API interfaces to choose from. The most commonly used platform is the proprietary web-platform that customers find easy to customize and navigate. Customers can access the web-based trading platform from any browser. IG Group, however, recommends Google Chrome. IG Groups also delivers its services through:

  • An industry-standard MT4 that you can download on your PC
  • Mobile and tablet apps

Clients in the UK can also access what the clients in the USA can access. They can also take up the option to upgrade to the fee-based ProRealTime charting platform, which is free provided the clients meet specified modest monthly trading activity requirements. The tech-savvy clients also have the opportunity to attach their software to the trading platforms, or a Bloomberg terminal.

The range of offerings on IG Group

IG Group offers its global clients a comprehensive catalog with more than 17000 markets. There are many futures and options on many instruments. IG (UK) offers:

  • Forex
  • ETFs
  • Industry Sectors
  • Interest rates
  • Indices
  • Cryptos
  • Bonds
  • Shares
  • Commodities
  • Options

IG (U.K) also presents its customers with very professional and institutional services that they can use to invest in the long term. IG Group makes this possible by letting customers access IG Smart Portfolios, which exists as an account basket that has savings and retirement programs, along with low-fee ETFs.

In the USA, IG Group offers spot forex trading. Customers can trade more than 80 pairs that are sorted under the categories below:

  • Majors
  • Minors
  • Australasian
  • Exotic
  • Emerging markets
  • Scandinavian

Is IG group Genuine or Is It a Scam?

IG Group is, in my opinion, a genuine CFD trading and forex trading service provider. It offers an excellent fit that caters to the needs of both the small and professional traders in the market. With a large collection of trading instruments and competitive spreads, clients have a reason to look forward to using this platform to achieve their investment objectives. The fact that several bodies regulate IG Group goes a long way towards cementing trust amongst potential users of this platform. With an overall rating of (4/5) stars on a consumer trust site such as Trustpilot, you can rest assured that IG Group’s quality is top-notch.

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Pros and cons

Pros

  • Many trading instruments offered
  • USA clients accepted
  • Regulated
  • Customer education and research taken seriously
  • Protection offered for EU and UK clients

Cons

  • No protection for USA clients
  • No guaranteed stop losses offered for USA clients
  • No social trading
  • No back-testing integration
  • Share-CFD fees relatively high

Final Words and Verdict

Verdict: Legit

Overall Rating: 4 out of 5 stars (4 / 5)

IG Group’s stellar performance in the CFD and forex trading industry is proof that its staff members are out to deliver nothing short of the best. The ratings given by customers go a long way into proving this. The fact that USA traders are also allowed to use the platform is a big plus for it. Generally, I have no issues with IG Group, but I’d recommend the following platform to those who’d want to trade in cryptos.

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That’s all for this review on what iggroup.com is all about. I hope that you gained some insights from it, and that you are better-placed to decide whether you’ll use it or not. Let me know what your thoughts about it are.

Your friend,

Eric, Investor and Blogger at Start Make Stop Waste!

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What is cmcmarkets.com | Is Genuine Or Is It Just a Scam?

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What is cmcmarkets.com? What does it offer to those who rely on it instead of its competitors? Should you start using it anyway? Welcome to today’s review, in which we shall explore why CMC markets exists? The review will take the structure below:What is cmcmarkets.com

  • What is cmcmarkets.com?
  • Investment offerings on this platform
  • The platforms and tools offered by CMC Markets
  • The commissions and fees to expect
  • What to expect from CMC Markets’ mobile trading
  • Is CMC Markets genuine or is it a Scam?
  • Pros and Cons

Name of the platform: CMC Markets

Official Website URL: https://www.cmcmarkets.com/en/

Overall Rating: [user 4.3]

Recommended: Yes

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What is cmcmarkets.com?

CMC Markets exists as a CFD and forex brokerage that was founded back in 1989. The brokerage is regulated by several regulatory bodies across the world, including the popularly known authority in the UK known as the Financial Conduct Authority (FCA).  The company that operates this brokerage is listed on the London Stock Exchange, with its stocks trading under the ticker CMCX.

CMC Markets has a good reputation in the market. Investors prefer using it to some competitors because it has an exemplary record of safety and the fact that the company is listed on LSE and regulated by popularly-known regulators.

This brokerage serves more than 57,000 clients globally and has 15 offices in different countries. The total staff count for its staff people is 687, all of whom are distributed across its entities in the regulation zones (UK, Canada, and Australia). As of September 2020, CMC Markets had a market capitalization of £944 million.

Investment offerings on this platform

This brokerage strives to ensure that its customers have access to most of the basic investment products. As a new investor, you can expect to find the following:

  • 158 currency pairs
  • 9852 CFDs
  • Cryptocurrency CFDs
  • Treasuries
  • Commodities

On the same note, this brokerage’s customers can benefit from its forex spot trading and social trading/copy trading techniques.

The platforms and tools offered by CMC Markets

CMC Markets presents its customers with the Next Generation trading platform whose speed and reliability exceeds that of most competitors. The platform has a collection of essential tools and features that make it one that most investors can benefit from.

Usability

This brokerage platform pays attention to speed and usability, in a bid to ensure that customers have the best overall experience. It, for instance, has a layout wizard that makes it easier for customers to choose if they want to use fixed or floating windows. Not forgetting that customers can access several predefined layouts as well as custom setup options.

Charting

The Next Generation trading platform does not disappoint when it comes to charts. Customers can access:

  • 80 technical indicators
  • 40 drawing tools
  • 60 candlestick patterns

The users of this trading platform can also rely on outstanding Breakout and Emerging Patterns tools. These chart patterns usually auto-adjust whenever changes in the chart time-scale occur, therefore enabling a trader to scan one-minute charts to monthly charts to identify the underlying patterns.

Automated trading

The Next Generation trading platform does not have the capability to support automated trading strategies. CMC Markets makes up for this by offering:

  • Social trading tools
  • Pattern recognition tools
  • An MT4 platform
  • Advanced order types such as Boundary Order (helps traders define deviation parameters)

MetaTrader

Traders can also access the CMC MT4 to refine their experience. This MT4 only has 62 instruments and very few tools in comparison to what the Next Generation trading platform has to offer.

The commissions and fees to expect

CMC Markets tries to attract even more customers by enabling traders to trade at significantly lower prices. As a new trader to this platform, you can expect the following fees:

  1. The spreads

CMC Markets’ typical spreads are at 0.74 on EUR/USD. Compared to the industrial average, it’s fair to say that CMC Markets has active traders in mind.

  1. Forex rebates

Professional and active traders on this platform usually receive liquidity rebates. Traders who trade $25 million per month receive rebates of $5 million. Those who trade more than $300 million usually receive around $10 million.

  1. Alpha rebates

CMC Markets Alpha offering gives some traders free access to a variety of services such as:

  • Premium reports
  • Market data
  • Trading central.

This offering comprises three tiers, described as follows:

  • Classic (The basic tier) – requires 11 trades monthly
  • Active Investor – requires 11 to 30 trades monthly/ 5 trades that have not less than $500 in commission spend.
  • Premium trader – requires more than 30 transactions per month

With each of the above tiers, traders are expected to pay the base charge of AUD 9.90 for every trade, plus a couple of discounts that range from 0.1 bps to 0.075 bps (for the high volume trades).

What to expect from CMC Markets’ mobile trading

CMC Markets has a mobile app that has a clean design, and one that has a variety of research tools. Traders can also access other features on the mobile app, such as:

  • Powerful charts- charting on this app does not differ a great deal from what traders get with the web version of the Next Generation Trading Platform. As much as only 29 of the total 86 indicators feature on the app, it still stands out in comparison to its competitors in the industry.

Unfortunately, the indicators added to the web version of the platform do automatically sync with the app. Some competitors in the industry have already provided this feature.

  • Pre-defined watch lists for scanning
  • Integrated news
  • Educational content
  • Watch lists such as price movers and popular products.

Is CMC Markets genuine or is it a Scam?

In my opinion, CMC Markets is not a scam. The platform presents a collection of close to 10,000 trading instruments that investors can choose from. CMC Markets makes a great choice for a brokerage on which one can access global forex and CFD instruments. With its powerful Next Generation trading platform, traders can have their needs met through access to a wide range of tools and options. So far, most traders relying on this platform seem to be enjoying their experience, as exhibited in most consumer trust sites such as Trustpilot, on which CMC markets has a rating of (4.3/5) stars. Some customers site that the site can get confusing for some beginners, but once they get the hang of it, everything gets smooth.

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Pros and Cons

Pros

  • Low forex fees
  • Impressive web and mobile platforms
  • Sufficient educational tools offered

Cons

  • CFD fees are high
  • Account verification complicated

Final Words and Verdict

Verdict: Legit

Overall Rating: 4.3 out of 5 stars (4.3 / 5)

CMC Markets has built its good reputation upon the delivery of reliable services. Those who have used this brokerage have rated its services as excellent, and I would say the same about them ( my own opinion). That said, I would still stick to my best crypto trading alternative so far. It offers investors the opportunities to do everything crypto-related on one platform, hence helping them focus on building an impressive portfolio of crypto-assets, without mixing them up with other assets.

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Thank you for reading through till the end of this review on what cmcmarkets.com is all about. Hopefully, you enjoyed it, and now you know whether you will use it or not. Do not forget to have a look at my recommended alternative to this platform if you are a crypto trader (weigh the pros and cons and see what works for you).

Your Friend,

Eric, Investor, and Blogger at Start Make Stop Waste!

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What Is trading212.com | A Genuine And Reliable Platform?

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What is trading212.com? Why do those who use it find it very useful? Is it one that you should start using today, and can you recommend it to your friends and family members? We are about to find out about that and more in today’s review which will take the following outline:What is trading212.com?

  • What is trading212.com?
  • Which assets and markets are offered by trading212.com?
  • The spreads and commissions on this platform
  • Leverage offered on trading212.com
  • The mobile app versions offered by trading212.com?
  • Account types offered at Trading 212
  • The payment methods allowed on this brokerage
  • Is Trading 212 regulated?
  • Is trading212.com genuine or is it a scam?
  • Pros and cons

Name of the platform: Trading 212

Official Website URL: https://www.trading212.com/

Overall Rating: 4.3 out of 5 stars (4.3 / 5)

Recommended: Yes

==> Cryptocurrency traders can use this alternative to trade and manage their tokens<==

What is trading212.com?

Trading 212 exists as a popular online brokerage that aims to make forex and securities trading more accessible to traders from all walks of life. This platform is optimized for mobile user experience, hence is very easy to navigate as one interacts with a wide variety of useful features such as charts and analysis tools. One can do all of this without feeling clunky about the accessibility of all the features.

One of the very unique things that trading212.com presents its users is the capability to trade in a couple of ways and carry out a couple of operations on a given trading pair simultaneously.

Some investors will only trade on a brokerage if it has a collection of advanced features found on platforms such as MT4 and MT5, but they can still appreciate the custom-built Trading 212 app that aims to bring the same wealth of features and tools to them.

Trading 212 offers a demo account, through which traders can experiment with a variety of platforms and find the ones that meet their needs in the best possible manner.

Avus Capital, a Bulgarian company, created this platform before getting incorporated in the UK in 2013. This means the company is registered in the UK and Bulgaria. In the last half-decade or so, the brokerage’s customer base has grown massively. The app has for instance been downloaded more than 12 million times.

Which assets and markets are offered by trading212.com?

Trading 212 has managed to build its asset offering to more than 1800 assets that traders can rely on to earn an income. As a trader, you can expect to find and rely on the following assets:

  • More than 150 forex pairs
  • Several cryptocurrencies such as Ripple, ETH, and BTC
  • Traditional assets e.g. stocks, commodities, and indices.

The spreads and commissions on this platform

Trading 212 has relatively tight spreads, although not they’re not the tightest in the industry. Interacting with the brokerage long enough will help you understand that some assets have better spreads than others. Trading 212 has in an attempt to lure more crypto traders made its cryptocurrency spreads quite competitive.

Trading 212 has done an amazing job with its commissions, where it offers commission-free trading for all assets. Most of the leading brokerages in the industry have adopted this strategy in a bid to attract and retain more clients.

You can, however, expect fees for currency conversions, which isn’t very common in the industry.

Leverage offered on trading212.com

Leverage on this brokerage is offered at a rate of 1:300 to the traders who own professional accounts. One thing you should know about leverage before taking your chances with it is that increases the risk of loss and profits, hence you should use it wisely.

The maximum leverage offered does not have to be used for one’s daily trades.

Retail traders in the European Union bloc have their leverage capped at 1:30 for certain markets, and 1:2 for cryptocurrencies, as per the regulator’s laws.

The mobile app versions offered by trading212.com?

Trading212.com has apps that both Android and IOS users can rely on to trade on the go. The apps offer full functionality. Traders can, for instance, trade from visualizations, a feature still unavailable for most brokerage apps. Generally, the user experience is excellent- traders have an easy time navigating the app and interacting with various data visualizations.

The app, which is trading212.com’s flagship product, has been developed with regular and active traders in mind.

Account types offered at Trading 212

Trading 212 technically offers one type of account to traders. This means that the fees, charges, and leverage are similar for all traders. This reveals the company’s commitment to democratizing trading. All the trades on this brokerage are commission-free. All that the traders have to do is switch between the real and demo mode.

That said, Trading 212 still offers ‘professional accounts’ that allow regulated users to access higher leverage rates as they get regulatory protection. Traders can apply for a pro account directly during the account opening process, but they will have to meet specific criteria based on:

  • Trading experience
  • Trade frequency
  • Capital

If they meet all criteria set, then Trading 212 accepts them for a Pro account.

The payment methods allowed on this brokerage

Trading 212 presents traders with a couple of payment options including:

  • Bank transfers
  • Credit and debit card transactions
  • Digital wallets

The payment methods are explained comprehensively in the FAQ section, though it is safe to say that Trading 212 offers most of the mainstream payment options.

Traders can withdraw their proceeds directly to their bank accounts and receive the money within 2-3 business days.

Is Trading 212 regulated?

Trading 212 is regulated by the following bodies:

  • FCA in the United Kingdom
  • FCS in Bulgaria

This makes it one of the most heavily regulated brokerages in the industry. Traders can therefore feel fully safe and secure as they use this platform to make money. The company has many financial controls that ensure it remains in place and is fully compliant with all regulations.

Is trading212.com genuine or is it a Scam?

In my opinion, Trading 212 is a genuine platform. Traders living in most countries in the world can access the brokerage to trade. Those living in Canada and the USA, cannot use the platform. Those who have used this brokerage have generally given positive feedback about it. This makes it worth trying out, more so for those traders who would like to access a wide collection of assets on one platform. On Trustpilot for instance, the platform has a rating of (4.3/5) stars.

Cryptocurrency traders can use this dedicated platform instead- one built with the average crypto trader in mind

Pros and cons

Pros

  • Efficient app
  • A broad range of assets offered
  • Crypto trading offered
  • Educational materials offered
  • Demo account offered
  • Leverage of 1:300 (capped for some countries)

Cons

  • Capped leverage for some countries
  • Tight spreads
  • No MT4 platform

Final Words and Verdict

Verdict: Legit

Overall Rating: 4.3 out of 5 stars (4.3 / 5)

Trading 212 does an impressive job at providing customers with the opportunity to earn an income trading in various currencies and securities. Traders can also trade in cryptos on this online brokerage. Most of the features that Trading 212 offers are excellent, though it fails to provide an MT4 platform that most traders would like to access. MT4 and MT5 platforms are quite popular in this industry since they equip traders with a variety of tools that are necessary to help them remain profitable.

My Number One Recommended Crypto Trading Platform 

That will be all for this review on what trading212.com is about. I hope you’ve gained sufficient information to help you decide whether you will rely on it or not. You can also have a look at my recommended crypto trading platform to see if there are any opportunities there for you as well.

Your Friend,

Eric, Investor, and blogger at Start Make Stop Waste!

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