Read our Eurocoinix review and learn why we recommend this broker for online trading. Eurocoinix is a great trading platform that offers features and services that suit traders from different backgrounds.
The popularity of online trading surged to new heights last year when the global coronavirus pandemic resulted in nationwide lockdowns. This resulted in greater demand for reliable and comprehensive brokers for catering to the needs of people entering the market. Hence, many new players have joined the mix and this means that you have to put in more effort to find one that can suit you. It is easier said than done, considering how much competition there is and every platform is clamoring for your attention. One of the names you will find is Eurocoinix and this will catch your interest. Why?
This is due to the fact that Eurocoinix has managed to become quite prominent in the sea of brokers, even though it is still relatively new. Nonetheless, you still need to know everything about the broker before you open an account with them. You can check out this Eurocoinix review for this purpose:
The Trading Products
Knowing what trading products will be at your disposal if you sign up with Eurocoinix should be a priority. This is because the instruments you trade will determine what kind of returns you can expect to make. No two financial products have the same rate of return and risk, so it is something you should bear in mind. If you want to trade in a particular market, you should ensure it is available. Even if that’s not your goal, you should still see if there are enough options available for you to diversify.
Diversification can help in mitigating risks, so it is good to have that opportunity. There are more than 200 tradeable assets that can be found on Eurocoinix, which belong to different financial markets. This ensures that you will be able to find something to trade, no matter what your risk tolerance or your budget. They give you access to currency pairs in the forex market, indices and stocks, different types of commodities and digital currencies from the cryptocurrency market. It can help you in making the right kind of profits.
The Trading Platform
While the instruments you can trade are undoubtedly important, you shouldn’t base your decision on them alone. The trading platform of a broker will play a crucial role in your experience with them, so it is another aspect to be taken into account. Of course, every company offers you a different platform and it has to be assessed carefully before you take any decision. If the platform turns out to be too complex, or lacking in any way, your trading will suffer. So, what trading platform does Eurocoinix provide?
You will be pleased to discover that they have put together a powerful web-based trading platform for their clients. As it is accessible through the web, you don’t have to worry about downloading and installing it anywhere. It can be used on any device supporting a web browser, giving you flexibility in terms of trading because you can use it from anywhere. Moreover, a feature-rich environment has been provided by Eurocoinix on its platform to enhance its capabilities.
Traders can enjoy a number of trading tools, including a market calendar, advanced charts, price alerts, trading signals, custom indicators, technical analysis tools and various order types. You will also see that Eurocoinix has made an effort to make their platform user-friendly, so traders from every background, whether newbies or experts, can use it easily.
The Account Options
You will be required to open an account with Eurocoinix in order to use their services, which means taking a look at the options they have added. It is considered a norm for brokerages to offer these options, particularly if their goal is to accommodate traders from different backgrounds. But, these options can and do vary, as do their features, so it is best to see if you can find a comfortable one for yourself. There are four account choices that have been added here, each for traders with a unique style and skill level.
The options begin with Basic, which is for newbies and needs a deposit of €250. For intermediate traders, the Silver account has been added and it requires a minimum deposit of €5,000. The third account option that Eurocoinix has added is called Gold and it is the most popular one, designed for advanced traders. The deposit requirement is set at €25,000 and maximum investment can be €99,999. The final account option is known as Platinum and this is for expert and professional traders, needing a deposit of €100,000.
The features in every account increase as you upgrade. For instance, the leverage in the Basic account is 1:50, while the Platinum account has a leverage of 1:400. Customer service is available in every account option. There are some features that Eurocoinix has restricted for specific accounts, such as daily market reviews, direct line to account executives, free monthly webinars, VIP mentorship program, event trading and trading alerts.
The Customer Support
Before you make your decision, you should also know about the kind of support that you will be provided by Eurocoinix because it can also affect your trading experience with them. If you have a problem and find no help, your performance will suffer and this can be disastrous in the financial markets because you could lose your entire capital. Any broker worth their salt understands the importance of offering good customer support to their clients.
As their goal is to ensure 100% client satisfaction, 24/5 customer support is offered by Eurocoinix on their platform. They have added several channels of support that can be used for getting in touch with their team. These include an email address and a phone number on their website. You can also fill out the online contact form to schedule a callback at your preferred time. An FAQ section can also be found on the website for providing answers to common questions.
Once you have come to know about these essential aspects of Eurocoinix, you can open an account with them to start trading in the market.