Migotrade Review – Should you Rely on this Broker?

Migotrade Review

Migotrade logoAre you fascinated by the forex currency market or is it all the hype about cryptocurrencies that has drawn you in? Thousands of people are making their way towards the trading market because it is full of opportunities for everyone. With countless financial instruments that can be traded, you won’t run out of options to invest in and it helps you grow your portfolio. People have used these financial markets to make their fortunes for years and you can do the same as well. There was a time when doing so was easier said than done, but not anymore. With technological advancement and the internet, you can bring the trading market to your home.

How? This is where online brokers come in. Like traditional brokers, they also connect you to the financial markets and give you access to the instruments, along with the trading platform. Online brokers are substantial in number and continue to increase because there is a huge demand for them. You will also have to sign up with an online broker if you are interested in trading, but it is essential to remember that not every broker is reliable. Some brokers offer limited services and assets and there are also those that target a specific category of traders.

Rather than being disappointed or inconvenienced later on, it is better for you to know beforehand about what to expect. This can save you from the immense hassle of having to change brokers later on, which not only takes up your time, but also causes stress. When you are searching for a reliable broker, you will come across the name of Migotrade, a broker based in St. Vincent and the Grenadines and founded by a company called Smart iSolution LLC. They are a Contract for Difference (CFDs) provider, which enables them to provide their clients with plenty of variety when it comes to trading instruments.

source https://www.migotrade.com/, MIGOTRADE
source https://www.migotrade.com/, MIGOTRADE

But, can you rely on this broker? To find the answer to this question, you need to take a look at exactly what they are offering. Take a look below:

  • The broker offers account segregation

The first thing you should know about Migotrade is that they have provided account segregation to their clients, under the rules of the MIFID II (The Markets in Financial Instruments Directive). This means that they maintain their customers’ funds in separate accounts from the company’s own accounts. Customer deposits are not used to pay for the broker’s own expenses and obligations and are only used for trading activities. Hence, you can rest assured that your money is safe and will be returned to you in the case of bankruptcy.

  • The broker uses high-end SSL encryption

Signing up with a broker means entrusting them with sensitive and personal information. With the number of cyber breaches on the rise, traders have become concerned about the safety of their information. To put their minds at ease, Migotrade has implemented high-end SSL (Secure Socket Layer) encryption on their website. Any information shared with the broker is immediately encrypted, so it cannot be of any use to outsiders.

  • The broker provides a wide array of instruments

One of the biggest reasons for signing up with Migotrade is the huge variety of assets that can be traded on their platform. As mentioned above, they are a CFD provider and they have put together a wide array of CFDs for their clients that are spread across various financial markets. You can trade the top stocks, such as Microsoft, Amazon, Netflix, Facebook, PayPal, VISA and Apple. Forex currency pairs like USD/GBP, EUR/USD, GBP/JPY, AUD/CHF, NZD/USD and USD/NOK are available.

They have also added indices like S&P 500, Dow Jones, NASDAQ, DAX 30 and Nikkei 225. Commodities, including soft and hard commodities, can be traded via Migotrade as well. These are further divided into categories like agricultural items, precious metals and natural energies. The newest addition that the broker has made to their offerings is cryptocurrency, where you can trade Bitcoin, Litecoin, Ripple and Bitcoin Cash.

  • The broker provides educational resources

While numerous traders succeed in the trading market, there are hundreds more that fail. What is the difference between successful and unsuccessful traders? It is their knowledge and skill that sets them apart. Every trader needs to learn the ins and outs of the trading market and know how they work to be able to succeed in the long term. There is jargon you need to understand, know what affects the market, come up with a proper strategy and then stick to it. Where do you learn everything? Migotrade has created a complete education section for their clients where they provide them access to educational resources.

You can find a range of learning material offered, which has been put together by experts and can be deemed accurate. You can find lots of articles and blogs on various aspects of trading. Likewise, there are also e-books, videos and online tutorials that provide you guidance. They also have expert analysts to assist clients when needed.

  • The broker has great customer support

Along with educational resources, it is also important to provide clients with customer support to ensure they can trade smoothly and don’t encounter any issues. Migotrade understands that satisfying customers can make or break a broker and so, they have not taken this aspect lightly. They have added different channels through which their agents can be contacted 24/7.

There is an email address provided, along with a phone number. The live chat option is also available on their website and allows you to get help right away. Plus, you will also find an FAQ section on their website, which gives you answers to any questions you may have about the broker or their services. This saves you from having to wait for a response, which can often result in missed opportunities.

Final Verdict

In a nutshell, you can rely on Migotrade to provide you with comprehensive trading services and a reliable environment for earning profits.

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