Even though the trading markets have been around for decades, most people didn’t give them much attention. They really stepped into the limelight in the last few years, particularly when the cryptocurrency trend gained strength. Bitcoin was first introduced in 2018, but it wasn’t until 2017 that the crypto market really captured the attention of the world. People made massive fortunes in this market and this prompted millions of people to enter the trading world in droves in order to take advantage of this trend. Since then, they haven’t slowed down a bit and people are constantly paving their way into the world of trading in hopes of achieving their financial goals.
The good thing about trading is that you don’t have to fulfill many prerequisites before getting started. Education, experience, or any such requirements do not exist. All you need to have is some money for investment and find a broker. The latter is one of the most important decisions that you will make and it can have an impact on the outcome of your trading journey. Therefore, it is recommended that you take your time and evaluate brokers carefully before you begin. Rather than diving headfirst, it is a good idea to know the pitfalls in order to enjoy long-term success.
A quick search will tell you that the market is rife with brokers and each of them will make some impressive claims to lure you in. Nevertheless, you need to know what you are getting into or else you will not be able to achieve your goals. Finexro is one of the brokerages in the market and it was established in 2018 by Strongex Ltd. It is offering its services to traders in nearly 150 countries, which means that it has a global presence. But, can it fulfill your trading needs? Read on to find out:
The Asset Index
It is not possible for any trader to choose a broker without taking a look at their asset index. This means that you need to know what financial instruments that you will be able to trade via their platform. It is necessary to do so because you don’t want to sign up with a broker, only to find out that they don’t offer the particular asset you want to trade or have limited trading options. So, how does Finexro fare? It is advertised as a Forex and CFD broker, which means it certainly gives you the chance to trade in the forex currency market.
You can trade major, minor and exotic currency pairs offered here. But, this is not all. As stated above, it also offers CFD (Contract for Difference) trading, which gives you access to an array of instruments from different markets. Finexro lets you trade CFDs on stocks, indices, and commodities, which are a great addition to your investment portfolio. In addition, you can also trade cryptocurrencies, which may be volatile, but offer great returns to traders. You can trade top cryptocurrencies here, such as Bitcoin, Litecoin, and Ethereum.
Security and Privacy
Trading Platform Options
As trading platforms are a broker’s primary feature, you shouldn’t make a decision without checking what platform they are offering. The platform needs to be secure, efficient, sophisticated, and user-friendly in order to fulfill its purpose. Otherwise, it could make it difficult for people to trade in the financial markets. Finexro hasn’t made any compromises when it comes to trading platforms. They have added the leading platform, the MetaTrader4 (MT4) to their offerings. It is renowned for its ultra-fast execution, range of trading tools, and intuitive interface.
The broker has also added the Sirix trading platform, a relatively new option, but one that has quickly developed a strong reputation as a reliable trading solution. Finexro also ensures that traders can decide whether to use a web trading platform, with no downloads needed, or a desktop platform for a more traditional trading experience. If you are a more modern trader, the brokerage has added mobile trading options for iOS and Android devices as well.
Trading Tools and Conditions
The importance of trading tools cannot be denied because they can help people in making quicker, better, and smarter decisions. Keeping up with the constantly changing financial markets becomes easier with trading tools, due to which Finexro has added plenty of these to their platform. The broker gives you access to advanced trading signals that can keep you on your toes.
They provide price charts in real-time, along with the latest market news, so you can know what to do. There is also an economic calendar to keep you updated about important events and news that can affect the market. As far as conditions are concerned, the broker offers you 100x leverage and allows you to open long/short positions as per your preference. They offer you low and tight spreads and don’t have any hidden charges or hefty commissions.
Now that you know what you are getting into, Finexro can serve as your broker for making the most of the trading opportunities.