Are you ready to trade in the financial markets? You are certainly not alone if you are considering this option, as the profitability of these markets is soaring, especially as opposed to other industries in this tough economic situation. However, there is one challenge that you have to deal with before you can trade and that is to find a broker. There is a sea of them out there, something you will discover when you start searching and this can be quite overwhelming. At this point, you will realize that it is better to go through FXPoint review or that of other platforms to know everything there is to know about them and then make your decision.
Many of these companies will be quite similar, so it is natural to be flummoxed and not know what to do. Knowing the details can help you sort through the choices and opt for the best one. FXPoint is one of the names that will pop up and it is worth considering because its popularity shot up quickly and this has piqued the interest of many. What should you know about FXPoint? You can find out below:
Consider the trading platform
When you have to get to know a broker, it is best to start with their trading platform. It is the primary feature that these companies have to offer, as you cannot connect to the market or execute your trades without the proper software. Of course, the kind of platform you get is at the discretion of the company. With FXPoint, you will come across a web trading platform that they have developed especially for their clientele. There are certain advantages of this kind of platform that none of the others can offer.
First off, it combines the functionality of both desktop and mobile platforms because it can be used on any device that supports a web browser. So, you can use it on desktop PCs and laptops, or mobile devices like smartphones and tablets. Secondly, there is no need for you to download or install this platform on any device, which is another perk. Moreover, FXPoint has ensured that their platform doesn’t lack when it comes to functionality.
Boasting state-of-the-art technology, the trading platform offers lighting fast trade execution and one-click trading. FXPoint has integrated some of the top and powerful trading tools, including trading signals, advanced charting package, custom indicators, different order types, latest market news and price alerts that can be quite useful. You can also take advantage of market analysis for making your decisions.
Look at the trading products
Your profitability depends a great deal on the trading products you have invested in. Not all instruments in the market offer the same rate of return because they may belong to different markets and have varying levels of volatility. You will obviously want to trade products that are in accordance with your trading style and risk tolerance and the offerings are different for every broker. With FXPoint, you have the opportunity of accessing various markets from a single platform. There are more than 700 trading products available, which belong to some of the biggest and most profitable financial markets in the world.
For instance, you can trade in the forex market, which is the world’s largest market in terms of daily trading volume. Likewise, FXPoint has also added stocks and indices to its list of trading products. If you don’t have a problem with volatility, the addition of the leading cryptocurrencies will also be appealing to you. If not, you can balance your risks with commodities like precious metals and agricultural products that are also available.
Assess the security
The internet is not regulated or overseen by any central authority, so there are criminal elements that roam free. When you are doing anything online, you are vulnerable to different types of risks and this is something that can be a prominent concern in online trading. After all, you have to share your money and your personal information with a third party i.e. a broker, so you will be worried. Therefore, you want a platform that doesn’t take security lightly. FXPoint fits the bill quite well, as their security infrastructure is quite robust.
They have prioritized not just the safety of the funds that their clients deposit with them, but also that of the information their clients share or is accumulated during the course of trading. FXPoint uses segregation of client accounts for keeping their funds safe. It has maintained their accounts separately from their own, so there is no misappropriation. Plus, the deposits are kept with leading and trustworthy banks to ensure there is no theft either.
When it comes to protecting sensitive data, FXPoint uses 100% advanced SSL (Secure Socket Layer) encryption. This keeps all personal information safe from third parties and prying eyes and doesn’t allow any unauthorized individual to access it. Even if hackers compromise the system, they will not be able to make sense of the data as it will be encrypted.
Don’t forget customer support
Customer support can make or break a business; this has been true from the beginning of time and hasn’t changed today either. In fact, it is even more vital for brokerages because the financial markets move quickly and even the slightest delay in assistance can result in losses of millions for their clients. Keeping that in mind, FXPoint has added numerous customer support channels that can be used by traders for reaching out to their team.
You can send in an email, give them a call, ask them to call at a time convenient for you by filling out the contact form, or simply use the live chat option. All details are provided by FXPoint on the Contact Us page on their website. There is also an FAQ section that can be found on the website and provides answers to basic and common questions.
Put all of this together and FXPoint can turn out to be a dependable and comprehensive trading platform for everyone.