There is no doubt about the fact that trading forex is the most famous and favorite way of trading for people all around the world. The size of the forex market is the biggest among all other financial markets. At the same time, you can say that trading currency pairs is much more straightforward and simpler than trading stocks and other types of financial instruments. However, your experience of trading, regardless of the method you choose, depends on your broker. Your broker can affect the amount of money you make on your trades.
Pibexa is a new broker and provides you a trading platform for trading forex currency pairs. Now, you have to figure out why you should pick this broker over many others that have been around for so many years. If you are looking for reasons to pick this broker, here is a detailed review that should provide you with enough evidence to make your decision with ease.
Pibexa – Why It Is Better than Some of the Best
· KYC and Anti-money Laundering Policies
A broker has many ways to show its traders that it cares about them. So, one of the indicators that you are signing up with the right broker is the presence of anti-money laundering policy on the website. The right brokers always have this policy on their websites, which tells you how the platform cannot be used for money laundering. Money launderers make money through illegal means in their countries. They then use online brokers to store their money and increase it through trading. While the broker can easily allow anyone to trade on its platform, the scrupulous ones know the reality of money laundering.
They cannot give way to someone who has hurt and damaged other to make money. When you sign up with Pibexa, you will have to adhere to these policies. You might find certain instances in your trading experience and while signing up with the broker that hint towards the presence of this policy. At the same time, this forex broker has proper KYC policy on its website too. If you want to sign up with it, you will have to provide your personal information right from the beginning. The identification information is even more important when you have to withdraw money from your account.
KYC stands for Know Your Customer, and this policy has been designed for finance institutes for identifying their customers before providing them with any service. In the case of an online forex broker, this information helps the broker identify you and stop others from impersonating you. Once you have provided the broker with enough information about yourself, you can be sure that anyone else who tries to use your information for signing up will be caught red-handed. So, if you want the online world of forex brokerage to remain honest and transparent, you should provide your personal information as accurately as possible when your broker asks for it.
· The Mobile, Tablet, and Computer Trading Platform
If you are a modern trader, you want your trading platform to be available everywhere you are. In the past, people had to sit on their computers every time they wanted to trade. That’s because the trading platforms were only limited to personal computers. Today, things have changed drastically. You can now have your trading platform on your tablets, laptops, and smartphones. However, it is a pity that many online brokers are still sticking to their traditional trading platforms. When you sign up with them, you cannot use their trading platforms on your mobile devices.
On the other hand, you have brokers like Pibexa that provide you with more options than you expect. For example, the broker has already provided you with a web-based trading platform. A web-based trading platform runs as a web application, which means you can use it when you access the internet and open the website. Since it is like a website, you can use it on any device of your choice. It does not even matter which particular operating system you have on your computer or smartphone. A web application works on just about any device if it has a browser in it.
But that’s not where Pibexa stops. It goes the extra mile by providing you with the mobile versions of the software as well. These are applications in downloadable format. If you use a smartphone, you can download the application and trade on your smartphone using this application. The good news is that you do not have to change your smartphone to get access to the application because it runs on Android and iOS phones just the same way. With the platform on your device, not only can you know about market conditions but also enter trades on the go.
· The Magnificent Social Trading
This is yet another indication that Pibexa is walking one step ahead of its competition. As time passes, people are realizing that making money is not as difficult as it was in the past. If you want to make money, you can start trading from the comfort of your home. However, you can’t really make any money from your trades if you don’t make any profits. How do you make profits? Well, you have to know how to trade and what strategies to apply depending on the market conditions. In short, you will have to spend some time learning how trading works and then step into the market.
Now, technology provides you with more options of learning how to trade than you might imagine. If you look at the online brokers, you will realize that almost all of them have their training materials and courses. Yes, when you sign up with them, you get access to all the training material. This training material includes eBooks, videos, and complete tutorials to teach you how to trade. Some brokers have their training materials divided into professional and beginner trader categories. So, what is it that Pibexa is doing differently from these brokers?
Step into the world of social trading. Social trading allows you to copy the trades of the most expert traders in the market. You can see their trades and various other signals coming from them that help you take a particular position in your trades. In other words, you are mimicking an expert trader in the market, hoping to end up with some great profits. Of course, you still have to go through a long learning curve, but the trader you are copying has already done it. You can trust this trader’s trading strategies and copy them to make some money.
· The Help with Profitable Trading
You did not expect much from your broker in the past. However, you get just about everything you need as a trader from the broker you have signed up with. That’s because online brokers started to realize the need of facilitating their traders in their trades as internet became more prevalent around the world. Just a few years ago, your broker was nothing more than a trading platform that you could use to place your trades and make money. If you wanted to get any information about the market or the asset that you wanted to trade, you had to use external resources for research.
Today, you don’t have to do that. You can now sign up with a broker and expect everything to come to you right on your trading platform. That’s exactly what Pibexa is doing for its traders. It brings all the necessary tools, indicators, and helpful materials for its traders right on the trading platform. Just like experts traders, you should not be hesitant in using these tools. Some new traders are under the impression that when they use these tools they are not using their own brain power, but that’s not true at all. Using these tools in combination with your personal analysis is what really matters in trading successfully.
So, once you have signed up with Pibexa, you will receive all the latest news about the financial markets right on your trading platform. You will get news about all the events that affect your trading in any way. In addition to that, you will also get to know about popular trends in the trading world. These popular trends are great in helping you trade successfully. They tell you where the market is going by allowing you to know whether you should choose the call option or put option on your trades. With such signals, you can make a well-informed decision and earn a lot of profit on your trades.
· The Many Currency Pairs
The idea of being able to pick your favorite options with ease sounds great in the beginning. However, having only a small number of currency pairs available will start annoying you very soon. First of all, when you trade only a specific set of currency pairs, you are completely missing out on the action in other pairs. You have to understand that different currency pairs perform differently in the market. While one currency pair is going stable for many months, another currency pair might show extreme volatility during the same session. The most important thing is that you should be able to pick the currency pair that seems more fitting to your trading strategy.
If you are looking for safe trades, you would want to trade the stable currency pairs, such as USD/EUR, USD/GBP, USD/CAD, etc. However, you should also have the option of trading other rare currency pairs if you want to make money faster. The stable currency pairs move very little and thus require you to trade huge quantities to make any money. If you invest a small amount in them, you do not get any significant returns on your investment. As a result, you have enter hundreds and thousands of trades to make a handsome profit.
On the other hand, volatility gives you the opportunity of making more money in less time. Yes, volatility can be dangerous as well, but only when you have not learned trading at all. If you take the course and training given by the broker when you sign up, you should be able to make the most of volatile markets. So, when you use leverage on a fluctuating currency pair, you end up with huge profits that can change your lifestyle. You have to be consistent with your trades to make as much money as the richest traders and investors around the world.
Pibexa will bring to you all the amazing currency pairs from the forex market. It will even let you take advantage of leverages when you trade these currency pairs. At the end of the day, you will have huge opportunities of making a lot of money from your trading career, right from the start.
· The Customer Support
You cannot ignore the important of great customer support when you sign up with an online broker. You are depositing money in your account and exposing yourself to risks. In that situation, you need answers to your queries and concerns without delays. Most brokers choose to help you only through an FAQs section on their websites. On the other hand, you have Pibexa that provides you with an email address as well as a phone number that you can use to get in touch with the broker. The customer support from Pibexa will respond to your queries within a few hours. You will never feel stranded and left alone when you sign up with this broker.
So, you can see by now how perfectly this broker covers everything that makes online traders happy. It provides them with a lot of currency pairs so they can pick one that suits them. In addition to that, it gives you the trading platform that not only travels with you but works on any device. If you go with the main trading platform from the broker, you will not even have to download any softwares on your device. If you think this broker is worth a short, visit its website and discover more there.