With the advent of online trading, access to the financial markets has become easier and convenient and people no longer need to have to worry about having skills, knowledge, finance or anything else to begin. But, the one element that has remained constant is the requirement of a broker. Even if you are trading online, you will require their services because they provide you with the platform, the tools and everything else. How do you find one? Google will give hundreds of choices, which means it is best to read our Eiro-Group review and more, if you want to pick the right one.
After all, it is simply not possible for you to go through every single company that exists. In addition, new ones are constantly being established, so you will never get done. Your trading experience depends a great deal on the broker you choose, so it is best for you to make some effort. But, how do you sort through the options? You can ask some important things about the broker and it will provide you with the insight you need for making your decision. Eiro-Group is one of the companies that are currently offering their trading services and before you sign up with them, you should ask some important things.
What are they? Read on to find out:
Can you diversify?
As mentioned earlier, there are hundreds of brokers in the market, but you should know that not all of them will offer you access to the same markets. The assets and instruments vary and you need to know exactly what they offer because this directly affects your bottom line i.e. the returns you make. With Eiro-Group, you will come to know that all kinds of traders can find something to trade. They have added a variety of trading instruments from different financial markets. Whether you are a low-risk trader or someone with a higher appetite, they can fit the bill.
In addition, they can also help traders in balancing their risks by diversifying their portfolio, as numerous global financial markets can be accessed via Eiro-Group. The forex market, the world’s largest financial market, is one option and it gives you a horde of currency pairs. You can try for the stock market, one of the most profitable markets in the world, and invest in some big companies. The indices market is also available if you want lucrative choices. For consistent returns, the commodities market can offer plenty of options.
What kind of experience can you have?
Will you be able to trade comfortably? Is the trading platform user-friendly or complex? Knowing the answers is important because you don’t want to spend your time trying to learn how to use the platform while you miss out on opportunities. This is a problem that many traders have to face. Eiro-Group has opted for a web trading platform to eliminate most of the complaints. There is no requirement of downloading and the intuitive interface ensures easy navigation for everyone. Plus, there is also the option of a customized layout.
Moreover, the use of innovative and cutting-edge technology ensures superior trade execution and a seamless performance, so there aren’t any lags or delays. Eiro-Group has also enhanced capabilities by adding lots of trading tools, such as advanced charts, price alerts, trading signals, technical indicators, market analysis, latest financial news and various order types. Mobile support is also available to allow traders to trade on the move.
Is registration complicated?
A lot of people are daunted by the prospect of having to register with a broker because they have heard that it can be quite complicated. Eiro-Group has made sure that its clients don’t face the same because it has kept the process simple and quick. There is only one form that you have to fill and it asks for only basic information, so it doesn’t take you longer than five minutes to get it done. You should be 18 years old to register and should agree to the Terms & Conditions they have outlined. There is no approval process, so you will be registered immediately.
What accounts are offered?
After completing registration, you will be expected to open an account with the broker and this means choosing one from the options given. Most brokers provide options, but they can be quite rigid. Eiro-Group has chosen to add more flexibility by offering six account options. This is twice more than what other brokers tend to offer, which means they certainly offer you more room. The six options are Basic, Silver, Gold, Platinum, Diamond and the Millioner Club. With such variety, you will be able to find an account option that suits you, whether you are a beginner in the market, an intermediate trader, a skilled one or a professional.
The accounts can be distinguished based on their minimum deposit requirements and the features available. The Basic account has the lowest minimum deposit of 500 EUR, as it is for newbies, while the Millioner Club targets professionals, so the deposit requirement is 1,000,000 EUR. When it comes to features, some like daily market reviews and trading signals are available in all accounts. But, loyalty bonus, duration of account manager, insurance level and frequency of signals can vary. Some features, like exclusive updates and analyst support is only given to specific accounts.
Is it safe?
Last, but not the least, you need to check the security at Eiro-Group and you won’t be disappointed here. They have gone with encryption to protect your personal and confidential data and have kept segregated accounts for keeping your money safe. These are the two most primary concerns and they have taken measures to alleviate them as much as possible. In addition, Eiro-Group also complies with the international security policies of AML (Anti-Money Laundering) and KYC (Know-Your-Customer), which can also give peace of mind to traders worried about risks of identity theft, financial fraud and other criminal activities.
Ask these questions about Eiro-Group and the answers can help you select this broker for an ultimate trading experience.