When you have decided to enter the world of trading, it is probably because you want to enjoy some profits. After all, the financial markets are known for their huge profit potential and they can offer substantial returns, as long as you make the right decisions. There are a lot of important decisions that have to be made in these markets; what instrument to trade, when to trade, what strategy to trade, but the most important of them all is what broker to use. Indeed, in order to trade in the financial markets, you need a broker and the good news is that there are plenty of them to be found.
However, this doesn’t mean that you can just opt for any broker and start trading. Doing so would be a mistake because the broker serves as your long-term partner and provides you access to the markets, along with everything else that’s necessary for trading. Thus, if they are lacking in any feature, it could result in a lot of problems for you because you will not be able to trade properly, thereby not making the profits you have dreamt of. Your focus should be to find a reliable and comprehensive broker that can provide you with everything needed for safe and smooth trading.
Such brokers do exist and you can find them. How? The key is to ask the right questions and know some important aspects of their services. This is what you should do with RedRock500, a forex and CFD broker that has been around the market for almost a decade. The broker has taken a customer-centric approach when designing its trading environment and it will become obvious to you when you discover what they have to offer. Some of the things that you need to know about RedRock500 are:
- What assets can you trade?
The first and most vital question to ask about any brokerage is about the assets available on their platform. You need to know which financial markets can be accessed in order to determine if trading via the broker will allow you to make the profits you are after. In this regard, RedRock500 has done quite well because you will find a solid range of assets available on their platform. Since they are a forex broker, it means you can trade in the world’s biggest financial markets and have a huge array of major and minor currency pairs at your disposal.
Even exotic currency pairs are available, but this is not where the offerings end. There are CFDs that you can trade with RedRock500, which include some of the world’s most prominent stocks like Google, Amazon, Apple, Facebook and Microsoft. Likewise, there are a ton of hard and soft commodities that are also available on their platform. Most notably, the broker has added the newest trading instrument i.e. cryptocurrency. Bitcoin, Litecoin, Ethereum and Ripple are just some of the choices you will find at your disposal.
- What security measures have they implemented?
The world of the internet doesn’t come without its risks. While it offers a ton of advantages, there are some risks you have to put up with and take steps to minimize them. The same is applicable when you are trading online; you need to find a broker that understands these security concerns and also takes appropriate steps for minimizing them. RedRock500 aims to protect client information by using advanced SSL (Secure Socket Layer) encryption for encrypting every piece of data shared with them. This ensures that outsiders cannot get their hands on any sensitive data.
Next, the broker has also chosen to keep their client accounts segregated, which means that separate accounts are maintained for traders and the company itself. No funds are mixed up and your deposits will not be used to pay off any of the broker’s own expenses or obligations. Lastly, RedRock500 also complies with Anti-Money Laundering (AML) policies, which means that they verify the information of every trader before letting them use their services and this can keep criminals out.
- What trading platform can be used?
Trading platforms are vital features of a brokerage because they help in the actual trading process. They are used for executing trades in your chosen market, monitoring movements and for doing everything else to make a profit. Hence, this software needs to be top of the line in order to get the job done right. RedRock500 has developed its own trading platform, which is a web-based one. This means that the platform doesn’t have to be downloaded or installed for use and this can certainly take the load off. You just need to log onto the broker’s website to start using it.
The best part is that it is powered by innovative technology and makes absolutely no compromise in terms of performance or tools. RedRock500 has integrated some of the most powerful trading tools in the market, such as advanced charting package, technical analysis tools, price charts and trading indicators. You can enjoy one-click trading and the platform is extremely easy to navigate, which means that you don’t need to be worried about a learning curve.
In addition, RedRock500 also allows its clients to personalize the trading platform with tools they believe they need the most. This gives a lot of flexibility to the traders. Their trading platform also doesn’t use a lot of resources, which allows it to give you quick execution times. Moreover, you can use the platform on a horde of devices, whether a desktop PC, laptop or a mobile device. It can work on both iOS and Android platforms, which can be quite convenient for traders.
You should also know that RedRock500 provides robust customer support to assist its clients in navigating the markets. They are forthcoming about their trading conditions to avoid any problems in the future. Plus, they have also developed multiple account types for catering to global traders and providing them with a positive and easy trading experience in the financial markets.