Online trading is serious business, and every trader should take it seriously. When you start your trading career, you have to make some instant decisions. The first thing you have to decide is the way you want to trade i.e. the assets that you will be trading. You have commodities, indices, stocks, forex currency pairs, cryptocurrencies, etc. available to you in the form of assets. In addition to that, you can trade these assets in the form of CFDs, ETFs, Options, etc. Once you have made up your mind about these two things, you can then proceed to sign up with an online broker.
The online broker is more like your partner that gives you access to your desired financial market and the trading instrument. In addition to these things, your broker gives you access to all the resources that can help you with trading. You can’t just jump into trading and expect to make profits on every trade you enter. You have to think about your decisions, learn trading strategies, take advantage of various analytical methods, and then enter trades. During every process, you can have your broker by your side. And the broker has to make sure that it stands by your side and helps you become the trader that you have always wanted to.
You can say that Pibexa tries to do that to a great extent. This broker has proven with time that it cares about its traders, and thus, it continues to bring features that facilitate its traders in many different ways. Let’s get into the details of things so you can make up your mind as to whether you should to sign up with Pibexa or not.
Pibexa – Everything You Can Admire about It
· The Diversity of Forex Currencies
Now, you have to know that this broker provides you with access to trading forex currency pairs primarily. Yes, there are many other online brokers that give you access to many other additional financial markets, but you will be trading forex currencies with this one. However, just because you are limited to one financial market does not mean you are limited with the number of currency pairs you have available for trading. The best thing about Pibexa is that it focuses on just one market and gives you the experience of trading in it. If you want to diversify your portfolio with just forex currency pairs, there is no better option than this broker.
Does diversity really matter in the forex market? It matters more than you might realize. If you are new to trading, you might not be aware of the many different types of currency pairs that are available in the forex market. First of all, you have the major currency pairs that usually consist of the currencies from the most developed countries of the world. For example, you will usually find USD, CAD, AUD, GBP, EUR, etc. in this particular group. On the other hand, you have other major currencies that might not be the major ones but they are pretty close. In this particular group, you can include currencies from China and Japan.
The benefit of these currencies is that they are usually quite stable. You can’t expect huge turns in these currency pairs, hence your investment is always safe. However, the drawback of this market is that it does not let you make quick money. Because it is so stable, you can’t make huge profits on your trades unless you are trading hundreds and thousands of units of the currency pair at the same time.
Similarly, you have minor currency pairs in the market. You also have exotic currency pairs, which can be the most volatile ones. They are volatile, and thus they are considered risky for new traders. However, if you take calculated steps, practice risk-balancing strategies, and keep your emotions out of your trades, you can make a lot of money from these markets in no time at all. So, when you sign up with Pibexa, you will get access to huge diversity of currency pairs.
· The Trading Accounts and Types
You will be forced to admire the way this broker has designed its accounts. Now, when you go on the website of a broker, you usually find a variety of account types. However, you will notice that there is not much different in their basic and advanced accounts. On the other hand, there are lots of differences in the basic and advanced accounts offered by this broker. So, a beginner broker does not get access to everything, but still enough access to feel free. Similarly, the advanced trader can enjoy some great perks without feeling that he/she is not being offered things that are much different from what basic account holders are enjoying.
So, the first thing you have to focus is the amount of money you need to open the account. The account types have been named aptly i.e. Silver, Gold, Platinum, and Diamond. If you are a beginner, you should be focusing on the silver and gold accounts. These are the accounts that you can start with very little money. For example, if you go with the silver account, you can start trading in the forex market with just a small initial deposit of just $250. It does not matter which account you pick, you will still get access to the training material from the broker. As a trader, you have the right to learn trading before you start spending your money.
If you go with the platinum or diamond account, you get access to the senior account manager as well. So, you can always rest assured that there is a professional taking care of your accounts, and that nothing wrong will happen without being in your notice. You will also be glad to know that the advanced accounts give you access to trading sessions expert analysts. What makes these two advanced accounts even more appealing is that you can qualify for a 100% bonus as well. In short, the broker has taken care of not just new traders but the experienced ones as well.
· The Platform for Trading
Your trading platform is your companion in your trades. If you have picked the right one, you will not lose money without a reason. If you have picked the right money, you will spend more time learning how to trade than learning how to use the software. It is unfortunate that so many brokers on the internet give you access to old and obsolete trading platforms. These platforms are nothing more than basic softwares using old technology and running slowly. When using these platforms, you cannot even trust the prices that you see on your screen. They are so slow at times that the price you are looking at is several minutes old.
You must know that trading based on old prices can get you in a lot of trouble. In addition to that, you need all the supportive tools on your trading platform. That’s what you get with the trading platform that is provided to you by Pibexa. This broker has one of the most robust trading platforms, and the good news is that it is web-based. A web-based trading platform is there for you to access and use no matter where you are and which device you are using. You do not have to download this software or perform any patches or upgrades. Everything is being taken care of at the broker’s end. You just have to focus on your trading.
However, there are many traders who want a dedicated trading application on their phones now. Again, you have to keep in mind that a huge lot of new traders consist of young minds. These people have not used computers as much as they have used tablets and smartphones. If you are a broker and you want to target this audience, you will have to give them smartphone applications of your trading platform. That’s what Pibexa has done with its smartphone applications as well. These applications are available for you to download and install
· The Peace of Mind through Security Features
No matter how much you want to make money by trading, you can never find peace of mind if you are not sure about your security. If you are a regular internet user, you must be aware of all the cybercriminal activities that are causing huge damages to people all around the world. Shockingly, not even the best companies of the world are safe from cybercriminals and their hacking attempts. When you provide your information on a website, you have to be sure about a few things for the sake of your security. For example, the first thing you should check is the installation of SSL security protocol on the website.
If you are not on a website with proper SSL certificate, you should keep away from providing any information on it. With Pibexa, you will have the peace of mind because these security protocols are present on the website. When you provide your information at the time of signing up or when withdrawing money from your account, your information gets encrypted properly. Through encryption, the broker saves your information from being stolen by some unidentified and unknown entity. In addition to that, the broker also has to protect the money that you deposit in your account.
If you are on the right broker’s website, you will get to know that your money has been deposited in separate bank accounts. Why a broker deposits your money in a separate bank account is because it is trying to prove that your money is not being mixed with its capital. In addition to that, if something wrong happens in the future and the accounts of the broker get sealed, your money will still be safe in separate accounts. Once again, you have to admire the efforts of Pibexa here because every penny that you deposit in your account goes into separate accounts.
The broker also adheres strictly to the anti-money laundering and KYC policies. Under the KYC (Know Your Customer) policy, the broker is going to ask for your personal identification information when signing up. It might seem a bit discomforting at first, but you should be fine once you know that it is for your own security. The broker has to make sure that you are the person you are claiming to be. And there is no other way to verify that without your personal information. The anti-money laundering policy involves certain steps in the deposit and withdrawal process.
These steps are there to ensure that no one uses the trading accounts with the broker to deposit laundered money for the purpose of laundering money. All of these policies and security protocols are in place when you sign up with Pibexa.
The Customer Support
Unfortunately, not many online brokers will give you the opportunity to admire their customer support. They pay a lot of attention to many other things, but not to the factor that matters to the trader the most. When you sign up with a broker, you need an instant point of access for times of emergency. Today’s brokers are switching to an email or online ticketing model wherein you can only send them a written message but can’t talk on the phone. On top of that, they are only available to help you during the working days.
You will not face such a behavior from your broker when you sign up with Pibexa. First of all, you have a phone number that you can call to talk about your issues. Secondly, the customer support is available 24/7 so you can get in touch with it at any time you want.
You can see that this broker does an admirable job of providing great trading features and an amazing trading platform to its traders. You can feel safe while trading with this broker, and make money through forex trading. So, if you think this broker is doing a great job, check out the 4 different types of trading accounts it has and pick one that suits you.