Choosing an online broker to trade with is no small decision. It is a major commitment because you will trust this brokerage with your hard-earned money as well as your confidential and sensitive data that can be misused if it falls into the wrong hands. Furthermore, their offerings also have an impact on your trading performance, so you cannot afford to make mistakes. But, how do you choose one from the seemingly thousands of options that exist? You need to consider some factors and this EcoMarkets review is aimed at helping you do so.
After all, most people don’t know what they should consider and this can also lead to a poor decision that can have disastrous consequences. OXILIAN DEV WORKS LTD has launched EcoMarkets to offer forex and CFD trading services to global traders from offices in Amsterdam, Netherlands. However, you need to consider some factors before opting for this platform. What are they? These are highlighted as follows:
The Trading Products at EcoMarkets
The first factor that you should consider about EcoMarkets is their trading products. This refers to the instruments you can trade on their platform and it is essential to check the options because the profitability of each instrument is different. Many brokers promise you the best and most popular trading products, but it turns out to be false. Fortunately, this is not a situation you have to face here.
A look at the trading products that are at your disposal at EcoMarkets shows that you can choose from instruments that belong to some of the most renowned financial markets in the world. They have added currency pairs from the forex market, digital currencies from the crypto market, indices and stocks and hard and soft commodities too. All of this also enables you to diversify, so you can keep your trading risks low and increase your returns.
The Trading Software at EcoMarkets
The second factor that you need to take into consideration about EcoMarkets is the trading platform because this is the feature you engage with the most when using a broker’s services. The right platform can help you make the most of the trading opportunities, while one that’s slow and lacks appropriate tools can set you back. You obviously don’t want the latter and don’t have to worry about it here.
This is because EcoMarkets has developed a powerful yet simple trading platform for their clients. It is a web trading platform, so you access it via their website and this saves you from downloading it. The use of cutting-edge technology helps deliver ultra-fast trade execution as well as one-click trading. The highly intuitive interface allows for easy navigation for every trader.
Most importantly, you will come to know that EcoMarkets has added some of the top trading tools to the platform as well for enhancing its functionality. These include custom indicators, trading signals, advanced charts and graphs, an economic calendar and different market analysis tools that can be useful.
The Security Measures at EcoMarkets
You will be committing a big blunder if you don’t check what security measures EcoMarkets is using because you could be exposed to cybersecurity attacks. Luckily, this possibility is very unlikely because the security measures here are top-notch. All confidential and sensitive data remains safe through 256-bit SSL (Secure Socket Layer) encryption and no unauthorized access is possible.
The funds you deposit with EcoMarkets are kept in segregated accounts and if the broker goes bankrupt, they will be returned to you. Hence they are not used to pay for their obligations. Compliance with Know-Your-Customer (KYC) and Anti-Money Laundering (AML) policies is another striking security measure you will come across. It requires account verification via documents to show proof of identity and proof of residence, which mitigates the risk of identity theft, money laundering and financial fraud.
Final Thoughts
Once you consider these factors, you can easily see that EcoMarkets checks all the right boxes for what you want in a broker.