Since the introduction and growth of cryptocurrencies continue to have a profound impact on worldwide markets, the way we think and relate to money is changing. Over the past two years, a derivatives market based on cryptocurrencies had started to grow and with it, plenty of brokerage companies are now offering crypto-based contracts for trading. GO365.io is one of them and we would like to talk about some of their most important features.
GO365.io is a website that provides access to tens of different cryptocurrency-related CFDs. It does not facilitate the buying/selling of underlying securities but enables clients to trade derivatives tracking the exact price of tokens, allowing them to profit from both rising and falling markets.
According to the terms and conditions available on the official website, the company complies with the latest European Union and European Economic Area laws, related to data protection and privacy. At the same time, KYC/AML compliance it’s already in play. That means clients will need to provide an ID and a proof of address in order to make withdrawals from their trading accounts.
To stand out from other competitors, GO365.io had designed a personalized crypto trading offer, with a proprietary trading software at its core. We’re talking about a web-based platform that’s compatible with any device supporting a browser. The design of the platform is unique and intuitive, making it easy for beginners to place trades fast.
It comes with charts powered by TradingView, enabling access to a wide range of technical analysis tools. 9 different time frames, 7 chart types, tens of different technical indicators and drawing tools, provide a lot of options for traders who want to find trading opportunities using technical strategies.
These are tools we find with most of the platforms, but on top of that, GO365.io had included a few other functionalities. Traders can have access to their trading account, make deposits, view banking history, or change account details. That can be done directly from the platform, without having to log via the website.
Even though the web-based platform can be accessed via mobile as well, GO365.io had developed an Android app, that comes with the same functionalities and features. The user interface is very similar and it will be easy for customers to get accustomed to the app. Due to size limitations, it will be hard for traders to operate solely via the app, but it will be a very useful tool when access to a computer/laptop is not possible. At the same time, it can be installed on a tablet, as long as it runs on an Android operating system.
The main difference between GO365.io and other popular brokers that have included cryptocurrencies has to do with the number of available instruments. In this case, there are tens of different cryptocurrency-based contracts, denominated in USDT, BTC, and ETH. Clients can trade tokens like DASH, EOS, Ethereum Classic, IOTA, Neo, ZCash, XRP, or Cardano. Which means GO365 offers a very large selection for its users.
Although fiat-to-crypto pairs are not included in the offer, GO365.io clients can make fiat deposits via credit/debit cards, or wire transfers. The minimum deposit is $200. At the same time deposits in EUR and GBP are accepted. If they don’t want to deposit fiat, they can deposit BTC.
Spreads are flexible and adjust depending on the market volatility. At the same time, the clients should not forget the overnight swaps that apply because they trade CFDs. Aside from spreads and swaps, there is also an inactivity fee of $200 applying to accounts that did not have any trade for more than 60 consecutive days. The leverage is flexible and can be as high as 1:20, but it depends on the cryptocurrency contract involved.
Pros and Cons
- Tens of different cryptocurrency contracts available for trading with low costs.
- Intuitive and easy-to-use proprietary trading platform, carrying a lot of useful trading features.
- Advanced charting powered by TradingView, providing access to plenty of technical analysis tools.
- Only USDT, BTC, and ETH denominated contracts available for trading.
- Standard account for all clients with no difference for those depositing big amounts.
- No desktop platform provided for traders who don’t fancy web-based trading software.
There are plenty of trading features provided by GO365.io, so each and every trader can find his niche there. For those who want to focus solely on cryptocurrency trading, this is a great opportunity due to a large number of contracts currently available. For more information, visit the broker’s website, read the terms and conditions, compare to what other companies are offering, and then decide whether GO365.io is the right broker to trade with.