Signing up with a brokerage is a must to start online trading, but this doesn’t mean that you choose the first broker you find. There are hundreds of these platforms, or even thousands, which have been established in the last few years, but their offerings are not obviously the same. Each offers something different to stay competitive and this means that you have to evaluate a broker’s offerings to see if they are offering what you need. Your requirements may not be the same as the next trader, so evaluating can be helpful. You can take advantage of this XchangeBTC review in this situation.
Amongst the numerous brokerages that are currently operating in the market, you will find XchangeBTC as well and its statistics are undoubtedly impressive. They have more than 4,805 accounts and their trading volume in a month is $4,234,313. This will draw your eye, but you still need to evaluate its offerings to make a decision. What do you need to evaluate? Take a look below:
Start with their asset offerings
When you kick off your evaluation of a broker, the best place to start is their asset offerings. If they don’t have the assets you want, you can just look for a different option and not waste any more time. You will find that XchangeBTC is a Bitcoin brokerage, which means that it offers you access to a plethora of crypto assets.
Not only can you engage in crypto trading activities, but also crypto mining and even staking. This is not something many brokers will offer to you. The best part is that XchangeBTC has added a number of other assets as well, which belong to other financial markets like forex, stock, indices, and commodities. Hence, you can have a diversified portfolio thanks to this one broker.
Check their trading platform
As your trading experience depends on the trading platform provided by a broker, for the most part, you need to check this as well. You will find that XchangeBTC has developed its own trading platform, which is web-based. This translates to a platform accessed via the browser and free of the hassle of downloading. Does this mean there is a compromise in features and quality?
Most certainly not because the trading platform at XchangeBTC offers ultra-fast trade execution due to its use of advanced technology. They have gone the extra mile to add in an intuitive interface and the horde of trading tools the platform has are enough to help every trader make good and solid decisions.
Go over their security
It is a must to evaluate the security of a brokerage because you do not want to be left exposed to cybersecurity threats that are very real these days. Thanks to their professional nature, you will discover that XchangeBTC has added top-notch security measures to their platform. They keep your information safe from outsiders and third parties via the use of SSL (Secure Socket Layer) encryption. Your funds are maintained in segregated accounts to keep them safe.
Another key security feature of XchangeBTC is their compliance with AML (Anti-Money Laundering) and KYC (Know-Your-Customer) policies, which reduces the risk of financial fraud, identity theft, and money laundering because all accounts are verified via proof of identity and proof of address.
Don’t forget customer support
It is also essential to evaluate the customer support that XchangeBTC offers because it also affects your overall experience. The FAQ section on their website is handy because you can get answers to any questions you might have about their services. Other perks include the availability of customer support 24/5 through different channels, such as email and phone. Their agents are responsive and helpful and don’t leave you hanging for answers.
When you have evaluated the most important aspects of XchangeBTC, you will have no trouble in deciding that this brokerage has all the qualities that you can expect from a professional and reliable platform in the market.