Not everyone has a good trading experience when they begin their journey in the financial markets. For the most part, this is because people don’t choose the right online broker and this is certainly not a mistake you want to make. A poor trading experience means losses, which you want to avoid. How can you do that? This can be accomplished by approaching the task of choosing a broker with the utmost caution. It means asking some essential questions before proceeding to use a particular online broker. You can do this with the help of this TradeDays review that can give you the answers you need.
Offering its services to global traders, TradeDays is a forex and CFD brokerage that has developed a good reputation in the market quickly and this has gotten it a great deal of attention. You need to ask some essential questions to ensure it can live up to what it promises and these are mentioned as follows:
What trading instruments are available?
Since there are hundreds of thousands of trading instruments, no two brokerages are likely to offer you the same combination. Thus, it is best to know what choices are available and if they suit your risk appetite. This seems to be the case with the trading instruments TradeDays is offering because they belong to some of the biggest financial markets in the world.
A look at their trading instruments shows that you can find some of the most popular instruments from big markets like forex, commodities, indices, stocks and now cryptocurrencies. This helps TradeDays attract a lot of traders because everyone can find something suitable to trade and also gives them room for diversification to manage the risks inherent in the process.
Which trading platform is given?
The next question should always be about the trading platform because you have to use it for trade execution. If it cannot get the job done, you will not be able to achieve your goals. Fortunately, you will have no complaints about the TradeDays platform because it is a combination of simplicity and innovation. A web-based platform, it does not come with any downloading requirements, and has a simple and intuitive user-interface for quick navigation.
The use of sophisticated and powerful technology by TradeDays provides traders with lightning fast execution as well as one-click trading features. You will also have access to some good trading tools that can help you make well-informed decisions, such as advanced charts, trading signals, price alerts, economic calendar, market news and more.
Is there any security?
One of the most important things to ask about any brokerage is their security and you will not be disappointed with TradeDays in this area. They have implemented top-notch security measures on their platform to ensure their clients can trade in a stress-free environment. Your data is protected via encryption, so no outsiders can gain access.
Your funds are maintained in segregated accounts, which reduces the chances of misappropriation. Another notable security aspect is the compliance of TradeDays is their compliance with AML (Anti-Money Laundering) and KYC (Know-Your-Customer) policies. This requires traders to provide documents for proof of ID and proof of residence, so their accounts are verified and illegal activities can be mitigated.
What kind of support can you expect?
You also need to know what kind of customer support you will be provided at TradeDays because it affects your trading experience. You will discover that 24/5 customer support is at your disposal through different channels. You can send them an email if you want, or give their staff a call on the phone number provided. The website also has an FAQ section where they provide answers to common questions anyone may have.
The answers to these questions can help you see that TradeDays has added every feature that can be useful for traders in enjoying their trading experience and assist them in achieving their goals.