It has become quite important in recent days that you look at other important factors than profit when you sign up with a company for trading. Trading is about investing your money in the right assets at the right time to make the right amount of profit. However, if you don’t chose a safe platform, none of that can work. Even if you trade the right asset at the right time, you will still be on the losing side? Why? Because you can lose your money and information if you don’t sign up with the right team. So, I have to tell you about a platform that I think can provide you with some great safe trading.
I am talking about Avalon-WM, which I think has earned some great reputation recently for its amazing security features. This means, you can always trade on this platform without any worries about losing your money or information to someone. Here is how this company addresses these concerns.
Monitors All Account Activities
You won’t listen to this from many other platforms but when you sign up with Avalon-WM, you can clearly see on the website that the broker monitors all the account activities. Again, it might seem a bit unfair that the company that you trust is monitoring your accounts. Of course, it will not hurt its own business right? So, all the monitoring is fake? Not at all! If you look at the details, you will know that Avalon-WM hires fintech experts and the most reliable entities in the field to monitor the account activities on its trading platform.
This means that as soon as something suspicious happens with any online trading account, the company is notified. This prevents many illegal activities from happening in this platform. I am talking about money launderers who would use trading accounts only to launder the money they have made through illegal methods. At the same time, it prevents identity thieves from signing up with the company in the first place.
Cold and Hot Storage
This is something that many new traders are not aware of. They think that they just have to deposit money in their trading account once and they are done. That’s not the case at all. Even when you have trusted a company with your money, you have to look at certain factors. If you think your broker does not take care of these things, I don’t recommend you signing up with it. So, in this particular case, I am referring to the issue of cold and hot storage. When you trade cryptocurrencies, you have to make sure that you keep your money in a safe wallet. Cold storage means you store your money completely disconnected from the internet.
Hot storage, on the other hand, means that you are storing your money on a wallet that is connected to the internet. This is not a safe way to store money. This is the reason you will notice that most of the money that you deposit with Avalon-WM goes into the cold storage. This means, no one has access to that money once you have deposited that in your account.
Encryption of Your Info
You can’t really ignore this particular factor in this era of the internet. You have everyone connected to everyone through the internet. However, this poses a danger that people who have ill intent can access your data through internet lines. What can they do? Well, they can access your data, your personal identification information, steal it from some database, and then pretend to be you while performing all the illegal activities on the internet. Think about someone buying something illegal on the internet while using your personal details. Who will get caught at the end?
So, keeping these things in mind, you have to make sure that you sign up with only the companies that have encryption in place. Furthermore, you can’t just trust any company that provides encryption. There are certain old standards that are not enough today. So, while a company with 128-bit encryption is taking measures to protect your information, it is not doing the best job. On the other hand, if you see 256-bit encryption from a company, you can be sure that it is providing you with the best and latest security measures. You will be glad that your information is protected through the latter standards when you sign up with Avalon-WM
Account Executive for You
A lot of new traders face most of the issues when are new to the trading platform. They don’t know their way around and make mistakes that cost them big time. One of the issues you will face as a new trader is of not knowing how some things can go against you even when you think they will always go in your favour. Talk about leverage for example. This particular feature is there for your benefit. However, it has some downside as well. At the same time, many traders copy the trades of their friends. Just because a strategy worked for your friend does not mean it will work for you too.
You don’t have to fear any of that when you sign up with Avalon-WM. It provides you with this unique feature of having an account executive by your side. This professional is there to help you with all your trading decisions. Based in your financial plans and budget, the account executive will guide you in the right direction so you can be a profitable trader from day one of trading.
So, you can see that new traders are welcome warmly on Avalon-WM. I don’t say you have to sign up with this broker, but if you look at what it has to offer and compare it with the offerings from other companies, I think it should be easy for you to decide to pick one. Trading profitably is important, but trading safely is even more important. I think you get a great balance of both these things when you sign up with Avalon-WM.