Before starting with this Victoria-Coins review, I am hoping I will be able to help those in need. Most of you must have an idea that online trading platforms are online systems that allow businesses or the public to buy, sell, and trade shares directly from the source of stock – usually an investment bank. These were first introduced in 1995 by Automated Trading Desk; however many early versions of these types of platforms were buggy and initially received poor reviews which paved the way for the more advanced one coming in.
Most will process orders in fractions of a second after receiving them from clients which then execute those trades on behalf of their users eliminating the potential for “front running” and other forms of market manipulation that are often associated with traditional brokerage firms’ practices.
Some of these online trading platforms also offer advanced features like automated order placement based on buy/sell signals generated by complex algorithmic programming as well as sophisticated real-time charting packages. These features allow traders to make more informed decisions about when and what stocks to buy or sell and reduce the effect that market volatility has on their returns.
These platforms have contributed to a rise in trading volumes and a concomitant increase of investment opportunities for both experienced and novice traders alike, as well as allowing them easier access to many more markets than most traditional brokerages offer. They are also disrupting the brokerage industry by offering an alternative to full-service brokerages.
It would not be wrong to call these online trading platforms “financial portals” as they provide information and research about companies, industry trends, economic conditions, currencies, commodities and bonds. They allow users to review news stories from various sources; create stock watch lists; check company profiles with SWOT analysis, financial ratios and much more.
These are also known as trading terminals or marketplaces and they provide tools that help traders to analyse their trades and portfolios in real-time. They offer a variety of products like charts; order books; quote boards; news feeds and live streaming prices from exchanges around the world. These platforms allow users to place orders directly onto markets via electronic communication networks (ECNs) using an existing brokerage account held with a broker or transfer funds between accounts at different brokers (if they have several).
However, not every firm provides you with everything. These online trading platforms often lack features such as technical analysis tools and charting packages which are found on similar platforms designed for investment advisors.
The advantages of such forums are greater choice, lower costs and increased transparency. The disadvantages of online trading platforms include a lack of human contact, no telephone support, no face-to-face contact with advisors; limited research facilities and sometimes technical glitches that can cause loss of data (especially when changing systems between different brokers).
IT is right that they have substantially reduced the cost (generally referred to as “the spread” or the “bid-ask spread”) for investors such as mutual funds, pension plans and retirement accounts. Online trading platforms also contribute to an increase in financial literacy by providing students with access to real-time market information, allowing them to receive investment training from instructors at their convenience.
Not only do they offer live practice accounts, but they also provide instructional resources and video guides designed to enhance one’s understanding of how to make money in the market.
Today I am going to review my platform, Victoria-Coins. I have been using it for a while now and this review is to help the ones looking for a firm that can be their trading partner for a time.
Below are some qualities of Victoria-Coins that you should know beforehand.
There are other brokerages that claim to have high-quality customer service but compared to Victoria-Coins, their staff is unprofessional when it comes to answering questions. Their response time is too much for an efficient firm and most of the time you would get frustrated because they give one-line answers.
Victoria-Coins makes sure that all your enquiries will be addressed swiftly. Customer support representatives who handle live chat are available most of the time throughout the day. No matter what your question or query is, how trivial it seems; if you post on their website, they respond within a few minutes. I got my responses not only fast but also accurately. I never had problems with them making sure that I stay updated about my trade. I think all online trading platforms should try to work on similar lines.
It is not only their live chat support desk that helps users get in touch with them. They also make sure that you know your rights and responsibilities as a member of Victoria-Coins by providing an extensive amount of information with regards to trading terms and conditions, procedures and protocols, securities law compliance and fund recovery scheme. This section will always be available for any user so you can still contact them even if it’s offline hours or on holidays.
As a user of Victoria-Coins’ online trading platform, you get to learn a lot of things from them since everything is explained clearly on their website. There’s this section where all the information you need about trading terms and procedures are written out along with useful tips and guides that will help you learn fast.
The research tools given by Victoria-Coins are kind of limited but they have the best ones compared to other platforms out there. The charts they offer are very good for an online trading platform. It is equipped with the right tools for technical analysis so you will not experience any problems in analyzing the price trends of your stocks. This is one of the few online trading platforms that have real-time market feeds, daily and intraday company profiles together with news, calendars and a wide range of product information. All the resources you need to help make informed decisions about which companies to invest in are available here.
The user interface is simple and straightforward. Your portfolio items can be easily searched from their homepage because it’s categorized nicely. You can also find the right information online easily because they provide an extensive list of everything. They have all the trading related information you need and these are available whenever you are logged in.
The platform is very responsive so no matter where you’re located, it will never be a problem anymore to trade because it can work efficiently on any computer system or gadget being used anywhere in the world.
Their software does not compromise speed for functionality. This company uses a fully automated system with zero lag time unless it’s a fault of any third party involved. They’ve optimized their platform to provide quick trades, superior market insight and high-end security without requiring much training from an expert because even beginners can easily adapt to using it.
I would like to share in this review that the account opening process for Victoria-Coins is very quick and easy. They do not require you to provide a lot of documents or information so clients from the EU, like me, won’t run into any problems here. You need an email address and password to be able to open your own trading platform with them which will also serve as your login details in the future.
Unlike many online trading platforms, this company offers unrivalled relationship support when it comes to trade execution on the MT4/MT5 platforms because their representatives are trained well about how trades are done through these software applications.
Security and Safety
If you want to keep your funds safe when trading online, Victoria-Coins is the best platform to use. This company uses advanced security protocols and guarantees that personal information will not be disclosed without permission from the user. The money deposited into every account is also protected by their fund recovery scheme so if something bad happens, the fund is automatically transferred into a segregated client reserve account at one of their banks which can only be accessed upon agreement of both parties involved in the dispute.
They have also implemented a set of checks and balances in order to ensure that no fraud or misuse will ever happen again on any accounts with them.
As I have discussed above in the review, Victoria-Coins has been a great broker so far. I have enjoyed investing with them but I’m not sure if you’ll have the same experience as I did because it depends on you as a trader and your trading demands. I would like to highlight some important flaws which were not significantly damaging for me but I feel the need to mention them.
- The first one is that the website does not have a blog section. Blogs are great because they can provide useful information to the public and this is something clients like me need. This is a problem common to many online trading platforms.
- The second one is that they do not update their education section that often. I’ve checked their education section and they have a few which can help you learn how the software and platform work but they are not as regular when it comes to uploading this kind of document.
Disclaimer: This review is written from my own experience and my self-knowledge only and this is not a recommendation.