Traderfex Review 2021: A Multifunctional Trading Platform
The unpredictability of the market caused due to the COVID-19 pandemic has spiked an unsettling period for investors across all generations. Experts are still trying to understand the long-term implications that the pandemic has induced in terms of the economy shifting, therefore facilitating traders’ mistrust and lack of confidence in the market.
A lot of those bumps on the road are a cause of uncertainty and doubt, but a lot of those bumps can be minimized. The thing about minimizing or avoiding risks is finding a reliable platform you can trust. It’s not easy to find the right community – one that it’s going to help you learn, grow, and scale your income.
Along with finding ways to stay connected and offering fair trading conditions and fees, trading platforms should offer a thorough analysis of what the future for trading holds. As Nicolas Darvas, self-thought investor and author of How I Made $2,000,000 in the Stock Market once said, “I believe in analysis, not in forecasting”, key market insights are the only way for progress to occur. In that aspect, Traderfex is the asset you need by your side.
But let us get into details.
What Is Traderfex?
Traderfex is a unique trading platform that allows investors to invest in the world’s most popular assets – from the established sharks in the industry to the thriving newcomers patiently waiting for their moment to shine.
Apart from foreign and cryptocurrency trading, you can bid on international brands and reliable companies that have been present on the market for decades and have already built up their customers’ trust and confidence.
The platform is said to have a strong sense of simplifying processes and adapting its interface to beginner traders. Traderfex is bridging the gap between simplicity, instant access to trades, 24/5 customer support, and a customizable platform on the device of your choice. Whatever feels more convenient for you—Traderfex is giving traders all the options they could possibly need.
The advantage when investing with Traderfex’s solution is not just the mere platform navigation practicality, rather, it’s the sheer spectrum of trades to choose from, the glitch-free trade flow that enables you to save your time using a multifunctional platform that provides you with many other features you could make use of while trading, i.e., market data, events calendar, asset index, and an opportunity investment calendar.
To open an account with Traderfex, you can register here.
Packed with all the tools traders could ever need for a complete trading immersion, and made of a dedicated team of market professionals and trading experts, Traderfex is definitely not a scam. It is said out to be very transparent in terms of pricing and operates based on flat fees.
Traderfex: Pricing Plans
Traderfex offers 4 pricing plans, each of which is scalable as you move forward with your account. The thing we love most about Traderfex pricing is that it’s fair, and there is an absolute correlation between the price and the value.
Starter. This is the basic plan, best suited for beginners, who are on the verge of starting out. For a minimum deposit of 250 and zero deposit fees, you can activate your account. The spread is floating (implying that the ask and bid price difference will vary depending on the market situation), but there are no upfront commissions. In addition, you get a personal bonus policy, and a personal account manager to assist you.
Advanced. This is one step higher on the ladder; thus, the value of the benefits increases. Investors can get everything from the starter pack plus they have hedging allowed, access to education tools, and market update emails.
Expert. The spread is fixed. Traders get the chance for live news updates, advanced training, and an experienced trading consultant they can turn to.
VIP. The spreads here are negotiable and users get an executive account manager, one-on-one trading i.e., expert training with a PERSONAL trainer.
Islamic. There is no spread widening, no requotes, no hidden cost whatsoever, and a 100% real-time market execution. This account is specifically tailored to Islamic forex traders and follows the Islamic principles of trading and finance, hence, there is no interest accumulation. Traders will neither pay nor receive interest rates, according to Sharia law.
Discount on swaps is allowed only in the Advanced, Expert, and VIP pricing plans. Swaps refer to a commission charged by a broker for extending the position of a trader overnight. If a trader wants to keep a position open until the day to follow, they have to pay a commission (swap) for extending that position overnight. A currency swap is calculated based on a distinctive between interest rates.
Inside Traderfex: Platform Operating
The team standing behind Traderfex makes sure traders are looking at the 5 most profitable, least profitable stocks at any time, and how or if they are interrelated. The stock screener is like a real-time whiteboard that gets updated by the second. Traders can also get an overview of the market performance and attitude and its open, closed, high, and low values.
The platform is protected with a 128-bit Secure Sockets Layer (SSL) so data breaches are prevented from happening and cybercriminals cannot get access to sensitive information like your bank details.
With the platform’s unique solution, you can track trading strategies and even imitate veteran trader’s accounts and learn from their practices and strategy implementation.
Their shortcoming may be the fact that swaps are not free, but they are offered at a discount. Educations tools may be the most valuable to new traders, but they are not offered in the basic plan – they start from the advanced package, so perhaps, it would be best to understand the starter plan as a way to learn, experiment, make slight mistakes, learn from them, and learn to be patient and to not get emotionally attached to a brand or an asset.
Where Traderfex really glows and supersedes its competitors, is the fact that you can limit your wins but also your losses and you can choose your risks. No loss can happen without your consent. The platform is designed in such a way that it stifles your losses and controls your behavior on the platform so you literally cannot wake up one day with zero on your account. It almost feels as if they worry about your capital more than you do it yourself.
Another cool feature is you can also check the history of the stocks and currencies from the moment they appeared on the market. You can track the movement of the prices by the second. This is crucial because the market itself will tell you about its next move more than any other expert broker or forecast ever will.