In our EcoMarkets review today we will explain to you why we think that EcoMarkets is NOT a scam and why we DO recommend the broker for online trading. EcoMarkets has added its web terminal, which is available for multiple devices, including mobile devices, which gives you a lot of flexibility.
The world of trading is a huge and diverse one, with hundreds of thousands of assets that can be traded. Each asset is unique in its own regard, which allows every trader, no matter what their risk tolerance or goal, to find one they can trade. Launching a full-time trading career or indulging in this activity as a hobby is easier than ever, thanks to online trading. Technology and the internet have come together to make this a possibility and it has helped millions of people all over the world to make fortunes in these markets. No one is stopping you from trying your luck there either.
However, it is important to remember that your success in the trading market can greatly depend on the broker you choose to trade with. Indeed, brokers are a very important ingredient in your trading recipe and you need to find a dependable and solid brokerage to do it right. You will come to know that there are hundreds of brokers offering their services in the financial markets, but it should also be remembered that no two brokers are the same. Some brokers offer a good variety of assets, but don’t have good security measures.
Some offer excellent trading conditions, but their trading platform is lacking. On and on it goes, as you come across various brokers. So, how do you cull out the right broker for you? Checking out the prominent features of a brokerage can give you some answers and you can do it with EcoMarkets. It is a forex and CFD broker that was founded by HF and Company Ltd, which is operating out of Seychelles and is a licensed firm. They are also regulated by the FSA (Financial Services Authority), which means they are a legitimate entity that can provide financial services.
This is certainly reassuring and eliminates some of your worries, but you still need to know what its features are before you go ahead with your decision. Some of these features are mentioned here:
- It allows diversification
A prominent feature of EcoMarkets that often appeals to traders is the fact that it gives its clients plenty of room for diversification. To put it simply, diversifying your portfolio means investing in several assets simultaneously in order to reduce the risk of losses. These assets are typically inversely proportional, so if one goes down, the other goes up. When you have invested in both, the losses can be cancelled out with the gains.
You will find more than 200 instruments to trade at EcoMarkets and they belong to some of the world’s biggest markets. You can trade cryptocurrencies like Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple. You could trade soft commodities like cotton, corn and coffee or hard ones like gold and silver and even crude oil. You can try stocks of companies like Apple and eBay or you can go with indices like S&P 500 and Nasdaq. In fact, you can also trade in the currency markets and buy and sell numerous currency pairs.
- It has the option of algo trading
When you are new to the financial markets, you will probably not be aware of profitable trading strategies and not have much idea how to use trading tools to your advantage. Yet, you still want high returns from your investment. In that case, algo trading is available at EcoMarkets, which means automated trading. In simple terms, it is a software that will do all the trading on your behalf. This includes identifying profitable trading opportunities, placing your trade orders and even closing positions to get you the highest ROI. This is a great option for beginners and allows them to take advantage of the opportunities available in the markets without doing the heavy lifting.
- It offers a top-notch trading platform
If you run a search for the best trading platform in the market, the option of MT4 (MetaTrader4) will certainly pop up. It is considered the gold standard in trading platforms and is the top choice of most traders all around the globe. Using sophisticated technology, the MT4 boasts an intuitive and user-friendly interface that’s easy to navigate and understand for every trader, whether they are experienced or beginners. EcoMarkets has added its web terminal, which is available for multiple devices, including mobile devices, which gives you a lot of flexibility.
You can find various tools at your disposal as well, such as technical analysis tools, advanced charts that can be fully customized, an array of trading orders, ultra-fast trade execution and one-click trading. You will be able to monitor your trades easily, regardless of where you are and not have to download anything.
- It has excellent security
Security is vital nowadays, considering the surge in cyberattacks in the last decade or so. To keep its clients safe and protected, EcoMarkets has used followed international security standards on its platform. For keeping your money safe, the broker maintains separate and segregated account sin some leading banks. This ensures that your funds are only under your control and used for trading activities. The broker doesn’t use them for its own obligations and neither do they get mixed up. Even in case of bankruptcy, they stay safe and are returned to you.
Other than that, EcoMarkets has also used advanced encryption for keeping all personal information safe. They are also compliant with Anti-Money Laundering (AML) laws, which are designed to protect the identity of traders who sign up with the broker and also to prevent criminal activities like money laundering and terrorist funding. You need to comply with this policy by providing some documentation once and then you will be good to go.
A horde of account options have also been added to cater to traders of all levels and there are plenty of payment solutions for adding convenience. EcoMarkets has also paid attention to providing reliable and prompt customer support to allow its clients to have all the answers they need for an easy and profitable trading experience.