In the last few decades, there have been numerous trends that emerged and went, but there were also those that have remained consistent. One of these is online trading, the digital version of trading in the financial markets. Everyone has heard about the stock market and the forex market, even if they don’t have any knowledge of how they work. They are well-known for offering lucrative opportunities and some of the rich and influential people in the world made their fortunes by trading in these markets. This obviously garnered a lot of interest, but barriers of entry existed due to which not everyone could step into this space.
However, online trading changed the entire landscape because the previous barriers that existed were eliminated completely and the doors of the financial markets were opened for everyone. Today, even if you don’t have any knowledge, experience or skills, you can still trade in the market. You don’t need to have thousands of dollars either and this has cleared the way even further. People can start small and once they are able to understand how it works, they can increase their investment. This has led to an influx of people in the market and you can also try your luck.
The good news is that since there are plenty of trading instruments to be found, you will be able to find something in accordance with your risk appetite. But, how will you access them? This is where you will require the services of a broker. If you were familiar with the traditional form of trading, then you are probably aware that brokers have been used for years and this is one thing that has remained consistent even with the space going digital. The only difference is that now they provide their services online, but they are just as integral to the process.
Fortunately, finding a broker is not that complicated because the popularity of online trading has led to the establishment of a number of them. There are hundreds of them that are more than willing to offer you their trading services and you can pick one you wish to use. But, this doesn’t mean that you make this decision lightly because the company you choose will provide you with the platform that will be used and the trading conditions, which means your bottom line will be affected. The problem is that you cannot check every single company and then select the one that suits you.
So, what should you do? How can you confirm that you are making the right choice? You obviously don’t want to make the wrong decision because there is a possibility that you might end up signing up with a scam broker. If that happens, you could lose your hard-earned money or even have your personal information compromised. These are scenarios every trader wants to avoid. Even if the company is not a scam, but doesn’t offer quality trading services, you will have to look for other options. This means starting the process of searching for a platform from scratch, which can be incredibly frustrating.
Then, how do you make your decision? The best way to do so is by asking some questions about the broker in question. EcoMarkets is one of the companies that are offering their services and they have developed a strong reputation in the market rather quickly. This has brought them to the attention of traders all over the globe. Nevertheless, you need to ask the questions in order to know what you can expect from them and whether they will be a suitable choice for you or not. Let’s get started with the questions:
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Broker |
EcoMarkets |
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Website |
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Trading Accounts |
Five Account Options; Basic, Bronze, Silver, Gold and Platinum |
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Minimum Deposit |
$250 |
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Assets Coverage |
Forex, Cryptocurrencies, Stocks, Indices, Commodities, Bonds and
CFDs |
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Trading Tools |
Trading Indicators, Signals, Live Charts, Technical Analysis
Tools, Price Alerts and Risk Management Tools |
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Education and Training |
Yes; , Glossary, e-books, online video courses, webinars,
tutorials and market analysis |
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Customer Support |
24/7 through email, phone number, online contact form |
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Security Policy |
KYC (Know Your Customer) and AML (Anti-Money Laundering) |
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Parent Company |
EcoMarkets |
What Can you Trade with EcoMarkets?
Before you move forward and take a look at any other feature of the brokerage, it is best to check their asset index. If they are not offering the instruments you want to trade, there is no point in going forward and looking at anything else. The assets being offered are important because that will indicate the kind of returns you will be able to make. Not all assets can offer you the same level of returns because their volatility is different. Most companies will claim to offer you the most profitable instruments, but they may not live up to their promises and this can disappoint you later.
Hence, it is better to check beforehand, so you will know what to expect. In addition, you should also ensure that there will be enough options available to diversify your investment portfolio. With diversification, you will be able to reduce your risks and maximize your profits. But, this can only happen if you spread out your investment over different types of instruments. EcoMarkets can be a solid platform for implementing this strategy because they have added a horde of instruments to their asset index. You will find more than 300 options to choose from and they belong to some of the biggest financial markets in the world.
Plus, EcoMarkets also ensures that you can access the top and profitable instruments, so you will be able to achieve your financial goals. You can start trading with the stock market, which is brimming with hundreds of opportunities for everyone. Trading stocks of some of the world’s most notable companies can generate a high return on investment (ROI), which is the primary goal people have. Apple, Amazon, eBay, MasterCard, PayPal, Netflix, Fiat, Tesla, Facebook, Siemens and Sony are just some of the firms you can go with.
You can also decide to venture into the forex market on EcoMarkets, which is renowned for its volatility and excellent returns. There are a ton of currency pairs you will find, which include major and minor pairs, as well as some exotic options. GBP/USD, USD/CHF, EUR/GBP, AUD/USD, NZD/CAD, EUR/USD and USD/JPY are some of the pairs you can trade. Along with fiat currencies, you will also have the opportunity of trading digital ones as the cryptocurrency market has become a hotbed of activity. There are plenty of cryptocurrencies to be found, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Monero.
The indices market is the next option that you will find at your disposal and this can be quite lucrative because you will have the top indices to choose from at EcoMarkets. You can go with FTSE 100, NASDAQ, Dow Jones, S&P 500 and DAX 30. The commodities market can also be accessed via this platform, which is excellent for all those who are interested in portfolio diversification. You will be able to invest in soft commodities, which refer to agricultural items like wheat, coffee, corn, sugar and rice, and hard commodities that include precious metals like gold, silver, platinum and palladium. Natural gas and crude oil are also good options to explore.
Along with these options, you will also find ETFs (Exchange-traded Funds) and bonds to trade, ensuring that you can diversify as much as you want.
How will you trade via EcoMarkets?
When you are done looking at the asset index of a broker and have considered it suitable enough to help you in achieving your goals, your focus should now be on the trading platform that you will use. The what and how are the two most vital questions to ask about a brokerage because they affect your trading experience and the final outcome. You obviously want to make money, so the what is important, but you also want to do it without having to go through any complex procedures and this is where the how comes in. How do you execute trades online? You use a trading platform to do so and it is the broker’s job to provide you one.
There is no single platform that every company uses, as there are different kinds of platforms that exist and it is up to the broker to decide the type they wish to offer. EcoMarkets has also chosen to come up with their own proprietary web trading platform for their clients, rather than going for the traditional desktop-based option. No, this doesn’t mean that they have made any compromises where performance and functionality is concerned. In fact, you will come to know that their trading platform is powered by cutting-edge technology, allowing it to deliver one-click trading with fast and quick trade execution.
It is able to provide this without requiring any downloading or installation because it can be accessed via the web, which comes as a relief to many traders who don’t want to go through this process. Along with cross-device functionality and flexibility, EcoMarkets has also integrated some powerful and unique trading tools to their platform. Traders will be able to take advantage of the economic calendar for tracking important events, advanced charts that highlight trends and patterns and can be used for trading directly, market analysis for figuring out possible movements and the latest market news for staying up to date.
You will also have access to trading indicators and price alerts and the platform can be customized as per your preference. EcoMarkets has also opted for an intuitive and user-friendly interface to enable novices and skilled traders alike, in using the platform without any hassle. All trades are reflected in real-time, allowing traders to know what is happening. Furthermore, mobile apps are also provided for the convenience of traders who prefer to trade on the go. With the help of these apps, traders are able to maintain control over the account no matter where they are.
The apps have been developed for both iOS and Android ecosystems and EcoMarkets has kept their user-interface simple and also incorporated advanced tools to make them useful.
Does EcoMarkets offer a safe trading environment?
After you have completed your assessment of the trading platform of a brokerage, it is now time for you to move onto yet another crucial aspect; safety and security. If the platform is not secure, your personal information and your hard-earned money will be at risk because you will be a target of cybercriminals. In the last couple of decades, there has been an increase in cyberattacks and breaches because more and more people are using the internet and signing up for different services. Even though it is not possible to completely eradicate these risks, they can certainly be mitigated by a huge extent.
When you sign up with a brokerage and entrust them with your money and information, it becomes their responsibility to keep it safe. EcoMarkets has taken this quite seriously and has done its level best into providing a safe trading environment where you can trade with peace of mind. How? First things first, they have a Privacy Policy, outlining how they collect your information and reassure you that it cannot be sold, licensed or shared with anyone without your consent. Moreover, to protect the information they do accumulate, they have opted to use advanced SSL (Secure Socket Layer) encryption.
Every single piece of data shared with the broker is encrypted straight away in order to prevent any hackers or third-parties from accessing it. This can prevent your information from falling into the wrong hands. In addition, EcoMarkets has also followed all international security protocols, such as the implementation of AML (Anti-Money Laundering) and KYC (Know-Your-Customer) policies. In accordance with these policies, everyone who signs up with the company has to provide certain documents for proof of identity and address.
This can help in ensuring that all legitimate profiles and accounts are created on the platform and no cybercriminals can gain access. Also, it allows EcoMarkets to prevent people from using their platform for financial fraud, money laundering, terrorist financing and identity theft. The documents that traders have to submit include a national ID card, an international passport or a driver’s license. This is required for proof of identity, whereas proof of address can be given by submitting a bank statement or any utility bill, like gas, water or electricity, showing your name and address.
To protect the funds that you have deposited with EcoMarkets, they have chosen to keep accounts segregated. This means that all user deposits are kept in separate accounts and not added to the company’s accounts. They are also deposited with some of the most secure and well-reputed financial institutions. The money is only used for trading activities and in the event of the broker going bankrupt, they will be returned to the traders. The combination of these security policies can create a safe trading environment for everyone.
Is registration easy with EcoMarkets?
When you are done assessing the security of the trading environment and are satisfied with what you discover, you can now consider registering with the broker in question. But, what do they need for registration? You should know the requirements first, as you have to determine if they are reasonable and not shady. For instance, scam companies will often ask for too much information because their goal is to take advantage of the traders. Also, you don’t want to have to go through a lot of paperwork and want to start trading right away.
It is best to know what you are getting into and EcoMarkets has decided to be quite helpful in this regard as well. Their registration process is quite straightforward and it takes only a few minutes for traders to be done with it. It is basically just a single form that needs to be completed and it asks for very simple details that you can fill out quickly. Enter your first name, last name, country, phone number, an email address and a password and then select an account currency. Then, you have to agree to the Terms & Conditions that are outlined by the company and confirm that you are 18.
Your registration will end here and you don’t have to wait for any sort of approval whatsoever. EcoMarkets has also added several account options for facilitating different types of traders and you can go over the options to choose an account for yourself. After you have done so, you are ready to start trading.
What banking solutions does EcoMarkets offer?
You have registered and created an account with the broker, but before you can trade, you will have to fund this account with money. Investment is a must in order to trade in the financial markets and you have already chosen your account currency, but how will you add the money to your trading account? This depends on the solutions that the company is offering to you. There are a plethora of payment methods that can be used and it is up to them to decide which ones they wish to support. Therefore, you should take a look at the options to ensure they are convenient for you.
You will find a number of options provided by EcoMarkets as well and it is up to you to decide which one you wish to use. They have offered modern banking solutions for those who prefer quick and simple options. These include the use of debit and credit cards, including Maestro, Visa, Visa Electron and MasterCard. Likewise, there are also e-wallets, such as Neteller and Skrill, which can also be used and they are really fast as well. They have also added traditional options like bank wire transfer for traders who prefer this secure option.
It is up to you to decide which solution you wish to use and the processing time for each will vary. These methods can be used for both deposits and withdrawals. Deposits on EcoMarkets are usually processed instantly, with the exception of bank wire transfer, which takes a couple of business days. Withdrawal processing times can vary for every method, as do the charges. Similarly, the minimum withdrawal amount also varies for every method, so you can choose accordingly.
What kind of customer support does EcoMarkets offer?
After you are done taking a look at the payment solutions, you should also focus on the customer support you can expect in case you have a problem. A lot of traders make the mistake of not considering this feature because they are eager to start trading, but this can result in problems later on when they are stuck with one thing or the other and need assistance. It can be extremely frustrating to not be able to get the help you require and can hinder your trading activity and even contribute to your losses.
You certainly don’t want to deal with such a situation, which means checking out the kind of support beforehand. With EcoMarkets, you will find that there is a complete department for customer support, which can be accessed 24/5. Moreover, they have added not just one, but several channels that can be used for reaching out to their team. You can find more details about their support option on the Contact Us page on their website.
There is an email address provided, if that’s how you want to contact their team, or you can also give them a call if your problem is urgent. The online contact form can also be used for requesting a callback, if needed. You will find EcoMarkets’ staff friendly and helpful and they will guide you on how to resolve your problem and continue trading.
When you have found out the answers to these questions about EcoMarkets, it is not difficult to see that they are a well-rounded and dependable brokerage and have added the necessary features and services that are required for providing an optimal trading experience.
