When online trading first emerged as a trend, it wasn’t easy for people to find brokers to help them get started. There were only a handful of options to be found and not all of them were offering some of the instruments traders wanted or solid trading conditions. But, since there were not many alternatives, people had to make do. However, this has changed significantly in the last few years as online trading has experienced a surge in popularity. Therefore, the financial markets are now bursting at the seams with brokerages offering their trading services and this is certainly a boon for traders.
You now have hundreds of options at your disposal and can find one that offers you the assets you are interested in and competitive and profitable trading conditions. The only problem is that it is easier said than done because a lot of these companies look good on the surface, but you have to learn your lesson the hard way and find that they may not be all what they claim to be. So, what should be done? In this situation, you can evaluate the services of a broker and then decide according to the results.
This method can be applied when you come across GlobalTrading26, a CFD (Contract for Difference) broker that appears to be a good option. But, is it really the right one? Start evaluating its services and it will become apparent:
GlobalTrading26 – Check trading instruments
The best place to begin your evaluation is with the trading instruments of the broker. If it doesn’t have the assets you want to trade, the rest of your research will be moot. Hence, starting with the asset index can save you a lot of time and trouble. GlobalTrading26 claims to offer you access to the best global markets and it does fulfill its promise because you will find more than 200 instruments on their platform that belong to the biggest financial markets in the world. Their goal is to help their clients diversify due to which they have added so many assets to the mix.
You can trade one of the most popular instruments these days i.e. cryptocurrencies, including Bitcoin, Litecoin, Ethereum, Bitcoin Cash and Ripple. They also provide traditional fiat currency pairs, which include EUR/USD, GBP/USD, AUD/NZD, USD/CHF and EUR/GBP. You can check out commodities that are divided in various categories like precious metals, energies and agricultural products. If you want more options, the stock market is swarming with them and you can invest in firms like Apple, Google, Tesla, Barclays, Disney, eBay, Facebook, General Motors and PayPal. Indices are another category that can be found, including NASDAQ, DAX, DOW JONES, FTSE and S&P.
GlobalTrading26 – Assess the security
A secure trading environment can make a big difference on how you are able to trade. If you are constantly stressed about your money or your information being compromised, it can be difficult to focus on trading and this can prompt you to miss on various opportunities. Subsequently, it is a good idea to opt for a brokerage that can provide you with what you need in regard to security. GlobalTrading26 can be a good option because they have taken steps for ensuring security of both data and funds.
They accomplish the former with advanced encryption technology, which can keep unauthorized individuals from accessing your information. GlobalTrading26 does the latter by keeping client accounts and funds segregated and with the best financial institutions that can be found. They also adhere to the rules of AML and KYC policies, which are Know-Your-Customer and Anti-Money Laundering, respectively. These require traders to provide documents for proving their ID, address and payment, making them useful for minimizing identity theft, money laundering, financial fraud and terrorist financing.
GlobalTrading26 – Go over registration and accounts
You cannot make a decision about whether to choose a broker or not without checking out their registration process and account choices. You want to make sure you can fulfill their requirements and can find an account that works for you. When you check out GlobalTrading26, you will discover that they have a quick and simple registration process that takes less than five minutes to complete. You just have to fill out one form on their website and you will be good to go. As far as accounts are concerned, they have come up with four options.
These are Basic, Silver, Gold and Platinum, each of which are developed for a specific type of trader. Therefore, the deposit requirement for each account also varies, starting with €250 for the first option and €100,000 for the last. Along with the deposit, there are other features that also vary from account to account, such as the leverage you get and the spreads you are offered. These accounts also come with features like market review, trading signals, webinars, account manager, private analyst sessions, invitation to events and risk management planning. You can go over the options and select the one that seems appropriate to you.
GlobalTrading26 – Look for support
It wouldn’t a good idea to choose a broker without evaluating their support options. If you get stuck during trading, you want to be able to get help as soon as possible in order to resume your activities. Any delay can cause in lost profits or even contribute to your losses. GlobalTrading26 has obliged traders by offering different channels through which their customer support is available.
Traders are free to contact their agents via email, an online contact form, give them a call on the given numbers or even use the live chat option. Their team is very responsive and friendly and will resolve your problems as quickly as possible. Also, they have added an FAQ section on their website where they provide answers to common queries to save you from having to contact their team.
After you have evaluated some of these vital aspects of GlobalTrading26, you can come to the decision that it is a suitable and professional choice for starting your journey in the financial markets.