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Who hasn’t heard of cryptocurrencies these days? The virtual currency has brought about massive changes in the financial industry. Even though they didn’t gain traction right away in 2009 when Bitcoin, the first cryptocurrency, was introduced, they have certainly gained a lot of popularity in the last few years. It was in 2017 that cryptocurrencies really stepped into the spotlight when Bitcoin hit the massive price of $20,000 and helped numerous investors in earning huge fortunes. Since then, cryptocurrencies haven’t slowed down and the market has simply exploded.
Today, you can find thousands of crypto coins in the market that have varying prices and trading them can help people earn substantial profits. Cryptocurrency trading has picked up considerably in the past couple of years and the best part is that it doesn’t come with any major restrictions. Even if you have absolutely no experience in the crypto market, you can still get started. But, the one requirement that you have to meet is to find a brokerage. Due to the popularity of crypto, many brokers have added this instrument to their offerings. However, you should look for a dedicated cryptocurrency broker to get started as they can provide more comprehensive services.
There are plenty of brokerages that are specializing in crypto these days. The important thing to remember is that not all of these platforms are trustworthy. The crypto market is rampant with scams and this also includes brokerages. Many cybercriminals only create brokerages to attract traders and make off with their deposits. The best way to avoid such brokers is to assess their offerings and to ensure they are up to standard. One of the crypto brokers who are offering their services in the market is XTRgate. Established in 2019, this brokerage is located in the United Kingdom.
Even though it hasn’t been around for long, you will come to know that the broker has developed a positive reputation. The best thing about XTRgate is that the brokerage is catering to clients from different backgrounds; whether you are a complete newbie or you have some crypto exposure, you can easily use the broker’s services. But, what else can the broker offer? Let’s check out its features:
- A trading platform that’s easy to navigate
One of the most important aspects of any brokerage is their trading platform. It is the software that’s used for executing trades and managing your portfolio. If there is any performance issue in the trading platform or it doesn’t have the appropriate tools and features, it can have a significant impact on your trading experience. Therefore, assessing this feature is vital before you opt for a crypto broker. When it comes to XTRgate’s trading platform, you will discover that they are offering a web-based option that can be used through web browsers.
In simple terms, it saves you from the headache of downloading anything and allows you flexibility as you can switch devices as per your convenience. XTRgate has also equipped their trading platform with some top-of-the-line charting tools, technical indicators, custom price alerts and graphs that can be used to make smart trading decisions. You can also take advantage of one-click trading, access to market news, check your trading history and navigate the platform easily without having to deal with a learning curve.
- A variety of cryptocurrencies to invest in
The choice of assets is another crucial feature of a brokerage that shouldn’t be taken lightly. Yes, you want to invest in cryptocurrencies, but which one? There are more than 5,000 crypto coins that can be found in the market, but most brokers will only give you the option of choosing from the top five to six cryptocurrencies. This can be rather disappointing because some less renowned ones also have a high profit potential.
One of the important parts of this XTRgate review is to tell you about the fact that this broker has excelled in this regard as they have incorporated a lot of variety in regard to cryptocurrencies. The broker not just gives you the chance to invest in the most popular cryptocurrencies like Bitcoin, Ripple, Litecoin and Ethereum, but has also added less renowned ones. You can trade more than 40 cryptocurrencies via the broker, which include Dash, Monero, NEO and many more. In this way, the broker gives its clients the opportunity to spread out their investment in the crypto market thereby reducing risks and increasing profits.
- Accommodating account options and easy sign up process
To provide its customers with a smooth trading experience, XTRgate has kept the registration and sign up process quick and smooth. There are no lengthy steps to complete or loopholes to jump through. Only basic information needs to be shared for registering yourself with XTRgate and you can immediately move onto the next step i.e. account selection.
Here again, the broker has proven to be very accommodating since it is providing its services to traders from different backgrounds. Five account options are given, which are Basic, Bronze, Silver, Gold and Platinum, respectively. Every account is aimed at traders with varying levels of knowledge, experience and capital. There is an account verification process where XTRgate demands some documents for confirming your ID and address for security reasons.
- Responsive and round-the-clock customer support
Trading is a very intricate process and when you are trading an asset like cryptocurrency, you might encounter some issues. XTRgate has established a responsive customer support team to respond to any complaints or queries that its users may have at any time. They have given the option of getting in touch via email or call them up if the matter is urgent. Customer support is available 24/7 and the agents are friendly and knowledgeable.
Along with these prominent features, XTRgate also offers a secure trading environment with impressive security measures in place. They offer competitive spreads and leverage to their traders to help them in generating maximum returns by investing in the crypto market. XTRgate also provides educational resources to its clientele to help them navigate the crypto market and to make the right trading decisions.