Trade: Do you want to become an online trader and consider making a serious investment? It means you must go for a trustworthy trading platform. It is the ideal choice as you can research the platform and assure trade execution accurately, besides accessing the markets. You can also go through its uptime records and historical downtime.
Online trading is secure and safe using a regulated trading platform. However, the fact does not deny that trading is a risky activity. It is the reason you should consider trading with less money so that you are not affected by its loss.
Points to consider in a broker concerning safety mechanisms
- Compensation scheme- This scheme safeguards traders from the liabilities of the broker in case of sudden insolvency of a company. It keeps the traders protected.
- Client funds segregation- Keeping client funds away and maintaining them separately helps. The broker’s corporate capital should be different from the bank account of the client’s funds segregation, to avoid accounting errors risk. This requirement is available with ex-protrade.com
- Protection from negative balance– The safety mechanism eliminates the trading losses risk, as it exceeds the balance in the account. It means the trading losses incurred are capped as you put your trading account. It is crucial in volatile markets as it offers protection from negative balances.
- Maximum leverage. The maximum leverage is the capping limit, that the retail traders get to trade in the market. With higher leverage, the potential losses and profits are higher. The retail leverage is 1: 400 under the regulation of FSCA.
Trade markets ascertain negative balance protection and segregated funds as per the regulation. It is to comply with the industry’s safety requirements. It lacks safety mechanisms. The broker at ex-protrade.com maintains an execution speed in the market. However, it cannot be verified as brokers do not publish statements of execution regularly. As they give a good performance, the ex-pro markets trade may rival the world’s top 5 brokers with a low-latency rating.
Ease of Use
The ex-Pro markets platform offers practical design. It offers enough space to the chart screen and it helps while scaling the actions of price to go up and down.
This website of ex-protrade is helpful as it has all the trading information available on the platform’s right-hand side. You may read the highs and lows of a given instrument. You can also understand the daily sentiment of trading its long and short swaps and lots more. The information is accessible easily making it easier to trade during volatile situations.
Always check for secure website protocols, read user reviews, and verify regulatory compliance. Research thoroughly and consider consulting financial experts before committing to any trading platform to ensure it meets your safety standards.
Transparency and stability
On the ex-protrade.com website, there are a few factors highlighting transparency and stability. On visiting this website you can see:
The broker has ensured transparency so that information is available about the structure and management of the company. The trading instruments are available on the website as listed and it shows that are accessible.
The stability is the trust of the website and it is due to the following:
- FSCA regulated
- Negative balance protection
- Funds of clients in segregated bank accounts
The problem with this website is that its execution policy lacks perfection and the company management information is inadequate. However, the platform is easy to operate. It offers an easy learning curve, such that it is suitable for beginners. Another con is that this platform does not include the services of expert advisors, essential for automated trading. It also does not include processing rudimentary automation, and above all, there is no scope for social trading.
