Choosing a great broker should not be a challenge, but it becomes one when you can’t figure out how to pick the best one. There are many factors to consider, but you might not know them when you are a new trader just stepping in the world of online trading. That’s where online reviews help you find out the best online broker. If you are thinking about signing up with a great broker, you should definitely get a glimpse of what MIGOTRADE has to offer. To make the choice easy for you, we have accumulated these 12 features that make this broker different and better than most other brokers out there.
The 12 Differentiating Factors of MIGOTRADE
1.The Trading Platform for Desktops and Smartphones
The trading platform from this broker is one of the best that you can get from any online broker. This amazing trading platform will help you with trading in every possible way. Whether you want to get help with the latest charts and graphs or get access to the best assets from the broker, you have this trading platform available to you. What you will like about this trading platform is that you can download it on your smartphones and desktops. Just download the software and start using it right away because it is so easy and straightforward for you to understand.
The version that you download on your smartphone is designed specifically for smartphones so you will not see any reduction in speed and the performance of the trading platform. To make things even easier for you, the broker has made the trading platform available on the Play Store and App Store. What this means is that you can download and use the trading platform on your Android and iOS phones.
2.The Web Based Trading Platform
The web-based trading platform is something that you will like the most if you like a uniform trading experience. Some traders are not happy with the idea that they have to use a different software on their desktops and a different application on their phones. They want something that looks uniform on whichever device they are using. If you want the same, you will love the web-based trading platform. The SIRIX trading platform is available in all the forms. You will be using this exact trading platform no matter which device you are on. The web-based trading platform can be downloaded with downloads and manual upgrades.
It performs equally well on all the devices that you own. You will not even have to worry about the type of operating system you have on your device. The web-based trading platform work perfectly on all your devices.
3.The 24/7 Live Chat
You have to admire the broker for providing you with this amazing option. Usually, you are only able to contact your online broker through a phone number and email address. They are great options without a doubt, but you can safely say that the live chat feature can be even faster than these two options. The live chat feature is there on the website of the broker. As soon as you land on the website of the broker, you will see a live chat window pop up on the website. This window will pop up on every web page of the website. This is actually a live representative that is there to help you with your questions. You can send a message and explain your problem to get a quick answer.
CFD trading is the favorite way of trading for traders from around the world. There are many reasons traders love this format of trading when there are many other ways of doing the same. So, what do you get when you trade CFDs i.e. Contracts for Difference? Well, the biggest advantage you get with this type of trading is that you will not have to own the asset that you are trading. Since you don’t own the asset, you will never have to sell it or buy it. You will only be selling the contracts that reflect the value of the asset that you are looking to trade. In addition to that, you can enjoy some huge leverages and tight spreads as well. That’s also something you will not enjoy with traditional trading.
Leveraged trading is something you will only enjoy when you sign up with a broker like MIGOTRADE, which provides you with a platform for CFD trading. Leveraged trading allows you to enter big trades without you spending a lot of money. When you have a small amount in your account that’s not enough for entering a trade, you can get the contribution from the broker in the form of leverage. The leverage you are getting from this broker is 1:200, which means you can get $200 when you invest only $1 in a trade. This will allow you to increase the size of the trade you are entering. More importantly, it will help you amplify the profits that you can potentially make on a successful trade.
6.SSL Security for Information
You cannot sign up with an online broker unless you provide the broker with proper information on your identity. In addition to that, you will also have to provide the broker with information of your banking account. If you are using a credit card, you will have to submit the pictures of the credit card. If you are sending money through wire transfer, you will have to prove that you own the bank account with the help of a picture of the bank statement. So, when you provide this level of information to the broker, you want proper security as well. That’s what the broker is providing you with through its SSL security. It means that every bit of information that you enter on the website is encrypted and protected from the prying eyes of the snoopers and hackers on the internet.
7.Trade Fiat and Cryptocurrencies
If you are a modern trader, you don’t want to be limited to fiat currencies. The most important thing that you have to realize is that the world is not always going to work with the same currencies you are using today. If you look at the current scenario, you will notice that more and more people around the world are interested in trading cryptocurrencies and investing their money in them. When you sign up with MIGOTRADE, you will have the best of both worlds available to you. The broker allows you to trade many fiat currency pairs. You can trade major currency pairs for safe trading and exotic and minor currency pairs if you want to trade with volatility. In either case, you can enjoy some huge leverages on your trades.
8.MIFID II Compliance
You always have to make sure that you sign up with a broker that complies with the latest safety and security standards of the online financial world. MIFID II in Europe has been introduced to optimize the performance of online financial world. If you want to make sure that you sign up with a broker that operates transparently and fairly, you have to confirm that it is operating under the compliance of MIFID II. And that’s why you are going to love trading with MIGOTRADE. When you open a trading account with this broker, you will be trading with a broker that complies with these regulations to make sure that you get a secure platform for trading.
It is unsafe to sign up with a broker that does not put your money in segregated accounts. There are many online brokers that take your money and put it in their personal accounts. The problem with this approach is that as soon as something is wrong with the broker and the financial authorities start investigating the broker, the money can get frozen and you will lose access to it. You will love the fact that this broker does not leave any end loose. It makes sure that the funds you deposit in your accounts are maintained in segregated accounts so you can have peace of mind.
Now, if something wrong happens to the broker and regulatory authorities start investigating the matters, your money will never be inaccessible. You will always have access to your money.
Virtual private server means that you are getting a virtual server dedicated to your online trading only. This means you will be trading with some resources dedicated only to you, which also means that you will be doing some speedy trading. However, you have to realize that this type of trading is not available to all the traders out there. When you are a new trader, you don’t have to use this service because you are still doing some basic trading. This type of trading does not require you to take advantage of any unusual service like VPS service. If you want to take advantage of this service, you can go with the Diamond account.
11.Training and Education
You can easily say that this is not some special or unique service. Just about any broker that you find on the internet provides you with the required training and education. The problem here is that this training is not always up to par with what you need as a trader. In some cases, you only get basic training that does not teach you anything more than some basic concepts about trading. If you want advanced education, you have to get it from other third parties. However, MIGOTRADE has changed the game here by providing you with all the education that you need right then and there.
The best thing is that you are getting the required education free of cost when you sign up with MIGOTRADE. What makes things even better is that you have this education available to you even if you have signed up with the most basic type of account. To help you further, the broker has provided you with one-on-one sessions as well. In this type of training, you will get personal attention and every concept that you want to understand will be explained to you in a manner that you will understand best. Don’t forget that you will also get access to attend webinars if you sign up with the advanced accounts wherein you will get education from the experts who know the ins and outs of trading.
12.Tools for Help with Trading
You can start trading as soon as possible, but you have to make sure that you understand all the concepts of trading. As a new trader, you might think that you have to rely solely on your skills of trading to make profits, but that’s not the case. You can get help from a variety of trading tools that are supposed to provide you support and increase your rate of success while trading. What you are going to love is that you have the trading tools right on the website. You can use the tools and get a hang of them before you use them with your real money.
You will get help even when you are on the trading platform. The tools are integrated into the trading platform so you can get help right when you are about to trade.
Now that you have read our MIGOTRADE review, you can see that it is a great online broker with a lot of features that you can admire and take advantage of when you are with the broker. You are getting huge leverages of 1:200 with this broker, which will allow you to enter big trades even if you have only a few hundred dollars in your account. In addition to that, the trading platform is available to you regardless of your location and the type of device that you are using. Last but not least, the broker fully complies with MIFID II, implements KYC and AML policies, encrypts your information, and puts your money in segregated accounts to give you peace of mind. With all these factors in one place, MIGOTRADE should definitely be a topper in your list of the best online brokers.