With thousands of online brokers at your disposal, it is natural for you to be flummoxed when you are looking for one to sign up with. How do you pick one? The best way to simplify this decision is to figure out the reasons for selecting a particular broker and then choose one based on them. This can ensure that you make the right choice for your trading needs and can have a seamless trading experience. You can do the same in the case of Mainrow, an award-winning forex and CFD broker that you will find. Why should you opt for this broker? The Mainrow review below can shed some light on the reasons for you to consider it:
Access to a variety of instruments
The first reason for anyone to consider opting for Mainrow as their broker is the access they can get to a variety of instruments. Rather than being limited to just one financial market, you can trade in some of the leading global financial markets on one platform, which makes it very convenient. It saves you from the hassle of having to open trading accounts on various platforms because you can find the instruments you want in one place.
Moreover, the access to variety also ensures that you can diversify your trading portfolio at Mainrow and this can help you in minimizing the trading risks and increasing your profits. You can choose from forex currency pairs, digital currencies, soft and hard commodities and indices and stocks, which can help you in achieving your financial goals.
Excellent security infrastructure
Another reason for you to consider signing up with Mainrow is their excellent security infrastructure. While online trading does offer advantages, there are security risks involved as well. Therefore, you need to opt for a broker that can provide more than adequate security. You will not have to worry about your funds being stolen, or your information landing in the wrong hands here.
You will come to know that Mainrow maintains segregated accounts for keeping all your deposits, which ensures that your funds are only used for trading purposes and will be returned to you in the event of the brokerage filing for bankruptcy. They are not used for the company’s own obligations at any cost. Secondly, all data that you share with them is protected via SSL (Secure Socket Layer) encryption, so no unauthorized individuals can access it.
Along with these security measures, you will also discover that Mainrow complies with AML (Anti-Money Laundering) and KYC (Know-Your-Customer) policies. These require traders to provide proof of identity and proof of residence, which are then used for verifying your accounts. This minimizes the risk of financial fraud, identity theft and money laundering.
Accommodating account options
It doesn’t matter whether you are a novice without any experience, an intermediate trader, or a skilled one; you will find that Mainrow accommodates everyone. This is obvious from the account options that you will find on their platform. They have come up with a total of six options, which are Standard, Bronze, Silver, Gold, Platinum and VIP. Each of these accounts is meant for a different type of trader.
For instance, the Standard account is best for newbies who are just starting out, whereas the VIP account is best for professional traders. The minimum deposit for each account at Mainrow is different, starting with $10,000 and increasing to $25,000, $50,000, $100,000, $250,000 and $1,000,000, respectively.
Similarly, every single account is also equipped with some additional features to facilitate the users. A welcome bonus is available in each Mainrow account with the percentage varying. You can get live prices, market reviews, trading signals, and educational resources, negative balance protection, market news, advanced technical analysis, portfolio manager, account manager, customized trading plan, expert analyst trading session and invitation to events.
Taking into account their powerful trading platform and round the clock, multilingual support and Mainrow can be a great and reliable broker for anyone.