Bay Exchange Review
If you start your search for the best trading platform in the world right now, you will come across a lot of companies that have a lot of different bells and whistles to offer. They know how to make new traders attracted towards their offers. However, for people like me, these things really don’t matter much because they don’t provide you with any long-term value. I always recommend traders to focus on the important stuff. After researching for a long time, I have found the right company that I think focuses on that important stuff and that’s the company this Bay Exchange review is for.
A Platform Designed for Traders
The trading platform that you get from Bay Exchange is designed just for you. I have noticed with a lot of online trading platforms that they are designed with profitability in mind. These companies would choose subpar software only because they can make a lot of money from those trading applications. However, what makes this company different is that it provides you with Bay Exchange trading platform. This trading platform is designed specifically with you in mind. It meets the very needs that traders have in these times. You can tell that from every feature on this software.
So, firstly, you have to look at the portability of this software. Can you use it when you are on the move? Yes, you can use it when you are on the move on any device of your choice e.g. tablet, laptop, and even smartphones. Furthermore, you will not have to worry about installing a particular operating system on your device when you use this software because it works with all major operating systems. With the integration of dozens of trading tools, it is surely an asset for the broker and a huge resource for traders who sign up with this company.
Diversification of Tradable Assets
What is your favorite financial market? Is there a particular asset that you want to trade the most? If that’s the case, you might want to pay some attention to the best trading experts who believe investing in just one asset or market is not wise because it is similar to putting all your eggs in the same basket. You want to diversify your portfolio and add many assets to it so you can distribute the loss and risk across many different tradable assets. How can you add diversity to your portfolio? Well, the first thing you need is a company that gives you access to many.
That’s where Bay Exchange is going to make a huge difference for you. The company has an asset index that you hardly find with most other brokers. It contains hundreds of assets that come from a variety of financial markets. You can trade cryptocurrencies, stocks, and indices. In addition to that, you can also trade commodities and forex currency pairs. Whether it’s a new asset or an old one, you will find it on this platform. With time, you can learn to trade these assets and make a huge difference by investing in all of them. With such diversification, you will never have to worry about losing all the money that you have invested in trading.
Conditions That Favor You
I have to tell you here that this is something I don’t get to say very often. Despite the fact that most online companies try to portray their trading platforms as the most trader friendly, you have more companies that make it difficult for you to trade with their trading conditions. They want you to take the huge risk and lose all your money when you are not successful with your trade. On the other hand, you have Bay Exchange that provides you with some really favorable trading conditions. It lets you trade a variety of assets with big leverages on them.
Furthermore, it lets you trade without you paying too much because its spreads are quite tight. You have to know here that most online trading services providers are competing against each other on the basis of their spreads. When the spreads are high and loose, traders are not comfortable because any mistake can cause them to lose a lot of money. However, with Bay Exchange, you will get some of the tightest spreads on the assets. Do keep in mind that you have some really cool loss minimizing tools available on the platform that you can use to make sure you don’t lose all your investment.
KYC and AML Adherence
Yet again, I will only focus on something that I think really matters to traders. It is not something that gives you instant benefit at the start of your trading career and does nothing after that. KYC and AML are the two important safety policies that all online financial services providers have to follow. The KYC policy entails that you provide the broker with your personal details that identify you as a unique trader. On the other hand, AML means the company will take measures to ensure you are not using its platform for money laundering purposes.
KCY and AML adherence is something that you should expect from just about any online trading services provider you sign up with. By following these policies, the company ensures that it is answerable to someone and that its processes are transparent. Do keep in mind that you will not be allowed to sign up with the company unless you agree to comply with these services.
You can see clearly that I have not talked about any feature that is not important for you as a trader. I have focused only on the factors that will keep affecting your trading experience for as long as you are trading. So, you have to make sure that you properly assess all the options that you have available and then pick a platform that really serves value to you. If you are interested in knowing more about Bay Exchange, you can always visit the official website and find a lot of other useful information there to help you with your trades.