Looking for an online broker? Even though some believe that having choices is helpful, there is a downside as well. It can often make it difficult for people to make a decision and this applies to online brokers too. The market is saturated with them and with so many offering similar services, it can be tough to figure out what option seems most reliable. How do you make up your mind? You should understand that no two brokers are the same and not everyone is going to like the same broker. Your needs will vary from other traders and so will your choice.
Keeping this in mind, you should look for brokers that can cater to traders with different trading styles and background. Go4Rex fits the bill perfectly in this regard. The broker was launched by FX Capital Ltd out of Seychelles and has been around the market for a short while. However, their relatively newness doesn’t mean that the broker lacks in any aspect. As a matter of fact, most people who sign up with Go4Rex end up establishing a long-term relationship with the broker. Why is this so? This is mostly due to the comprehensive and appealing features the broker has incorporated in its platform. Let’s check out what makes the broker stand out:
- The security of trading
Anyone who has done their research into the trading market is aware that it is teeming with scams and there have been numerous hacks as well. This is enough to make people wary of putting their trust into an unknown entity, particularly when they have to share sensitive and confidential information. Understanding this dilemma, Go4Rex has taken appropriate measures to establish a secure environment for its clientele. Their security practices include implementing the highest level of SSL encryption. When you share any data with Go4Rex, they encrypt it right away to ensure no unauthorized individual can access it. Moreover, since the broker is regulated by the International Financial Services Commission (IFSC), they keep funds in segregated accounts so there is very little chance of misappropriation.
- The affordability of trading
Obviously there is a cost of trading. No broker is going to offer you their services for free and if they are, you need to steer clear of them. However, this doesn’t mean that they have to charge you excessively either. There are reasonable and cost-effective brokers as well and Go4Rex is one of them. Instead of opting for the commission model, which can often infuriate and demotivate traders, the broker has opted to earn via spreads. In addition, it offers some of the tightest spreads in the market and also gives leverage to its clients to make things interesting.
- The availability of numerous assets for trading
What asset do you wish to trade? Some people want to start with one asset like the foreign currency pairs while others want to invest in several simultaneously. Even if you start with one, there is a good chance you many want to spread out later on. In this situation, you wouldn’t want to switch brokers all over again because this can be a big hassle. Therefore, it is best to start with a broker that can offer you significant variety and this is exactly what Go4Rex does. The broker wants to attract traders from different interests and backgrounds and to do so, they have kept their asset index extensive. You can choose from forex, stocks, commodities, indices, cryptocurrencies and many other instruments. The best thing about the broker is that it offers you the best of every market so you can diversify your portfolio and keep your risks at a minimum.
- The ease of trading
You don’t want trading to be too difficult, especially when you are just getting started. It is the trading platform that determines how easy or difficult your trading is and so Go4Rex has ensured that it provides its users with an innovative solution. This means that the broker has not made any compromises when it comes to the technical aspects of the platform, but at the same time, they have made it easy to use. The control panel boasts some of the most versatile tools and features you can find on any platform and yet trades are executed in a couple of clicks. You can choose between a desktop trading platform and also a mobile version for both Android and iOS devices.
- The various accounts for trading
The minimum amount you have to deposit and the tools and features you can use will depend on which account you have chosen with the broker. Go4Rex offers five account options and each comes with its own set of offerings to ensure traders can have a well-rounded and smooth experience while trading the asset of their choice. The account options start with the Basic account that offers $250, $1,000 for the Bronze, $2500 for the Silver, the Gold requires $10,000 and the Platinum account can be opened for $25,000. Each of these accounts offer customer support, loyalty bonus of different percentage, Education center access, Daily Market Review and Pro webinars. There is also a demo or practice account that can be helpful for beginners and those looking to test the broker.
- The convenience of banking
Go4Rex understands that people don’t like being denied access to funds, whether they are the ones they have deposited or those they have earned. Thus, they have provided some great banking options to their clients. The broker offers debit and credit cards that are quick and effective, bank wire transfer that’s quite secure and online payment methods like Neteller and Skrill are also added for easy fund deposit and withdrawal.
Go4Rex has gone to great lengths to provide its traders with a flawless trading experience through the offerings outlined above. The broker has also provided useful training and education, commendable customer support and has made it easy for anyone to use their services for becoming a part of the trading industry.