Crypto Trading: Trader.Online Review – Online Trading Made Simple, Fast & Rewarding

About Trader Online

Trader.Online is a Forex broker that has been recently established. The broker offers a safe and secure trading environment covering more than 200 instruments across currencies, indices commodities, stocks, as well as cryptocurrencies and CFDs. In the past few months,  the broker has clearly shown its willingness to provide the best possible service to its clients. It is to be noted that Trader.Online use a platform provided by the one and only Tradologic whose software is in full compliance with the market regulations and the platform has been fitted to the criteria of Regulated Markets, both financial and gaming industries. But what does that mean to Forex traders? In this review we are going to take a closer look at the different features and services available with Trader.Online what really makes them who they really are.

User-Friendly Website

The website has been designed using very simple design to help you browse different sections in a few clicks. There’s no need to scroll too much as all the materials that you need is easily accessible and you shall not go through unnecessary lags as it loads easily.  It’s Getting Started guide is something very unique about the website as it provides all the different steps that you need to go through to start trading with them, as depicted below.

The different icons lead to more information and instructions as you pave your way as a traders. This section provides an overview of the what the rest of website looks like or what steps you need to take next. This is suitable for traders of all kind for a better understanding of the website.

Trader Online Accounts and Features

Choosing an account on the website allows you to enjoy unmatched privileges and extensive features to enhance your trading experience. Choosing the account is very important as the account will not be considered complete without this procedure. Also, different accounts mean different benefits on the website. The trading accounts offered by this broker is broken into three main types:

1 – TAKE-OFF

• Up to 25% Welcome Bonus
• 24/7 Customer Support
• Regular promotional emails
• Weekly market update
• Entitlement to regular webinars
• Personal Customer Success Manager

2 – BOOSTER

• Up to 50% welcome bonus
• 24/7 Customer Support
• Regular promotional emails
• Weekly market updates
• Entitlement to regular webinars
• Personal Customer Success Manager
• Charting tools
• One day withdrawal procedures

3 – UPLIFT

• Up to 75% welcome bonus
• 24/7 Customer Support
• Regular promotional emails
• Entitlement to regular webinars
• Personal Customer Success Manager
• Advanced charting tools
• Daily market updates
• Regular ebook and guides on Forex
• One day withdrawal procedures

Verification – Secure Platform / Secure Transactions

Even though they are an unregulated broker, they follow strict SSL protocols to protect your personal information. They require some important identification documents to ensure your identity is protected and all funds are kept in segregated accounts to void issues that may occur in the long run. Hence, you are definitely opting for the safest trading journey if you are opening an account with them. The website operates under HTTPS web certificates, which means that all communications between your browser and the website are encrypted.

Trader Online Features

Trader.Online isn’t a broker that goes about flaunting features exclusive to itself with unbelievable benefits. Instead, the features it makes available to its clients, are as simple as they would need them to be to properly grow as investors. This is at least, what we could deduce from this analysis. Features made available may also live up to the need of investors of varying levels.

The broker allows clients to invest through two different channels:

• Forex
• Simplex

Forex is meant for traders who have a good understanding of markets and have a good grip on market analysis. This feature allows one to place trades in the traditional Forex trading way and attracts the major pool of experienced investors.

Simplex particularly caught our attention as it is designed in a way that less experienced traders can take recourse to it to trade. It is basically a blend of forex and binary options trading and does not require as much technical expertise as needed in traditional Forex trading.

Interestingly, the platform includes live charts from tradingview.com and live news feed on trending assets. We believe this is commendable.

Trader online also sports a good learning Academy where investors receive online training on Forex basics, technical analysis, capital and risk management, trading ethics and tips, to mention only a few. These are given to clients through online reading materials, videos amongst others. These resources are basic to almost all learning academies proposed by a lot of brokers. What we could find demarcating Trader.Online from others, is the simplicity with which the knowledge has been presented and delivered. Things are made easy to understand.

Traders Insight is a feature that specifically caught our attention.

Here traders get access to up to date market news on a daily basis. The broker cared to provide in-depth analysis on the best trending asset of the day. Along with fundamental and technical analysis being made ready for traders daily, trader.Online also provides tips and advice on which assets are to be traded during the day or week and why.

A feature not seen available at a lot of brokers out there, is webinars. This is because providing such a service on a weekly basis, involves the regrouping of many resources including intellectual resource. Despite being new in the industry Trader.Online has managed to conduct webinars for its clients on a weekly basis and that is commendable. The webinars are carried out by a finance expert, as to what we were able to understand.

Overall, the features proposed by Trader.Online meet industry standards and live up to the basic needs of novice and experienced traders.

Deposits and Withdrawals

According to the website, funding your account requires no complex procedures as it is fast, secure and seamless. There is a vast variety of options to deposit funds in your account. To begin with, the minimum deposit needed to open a trading account or to activate your account on the website is $250.

Examples of payment methods are:

• Credit Card
• Debit Card
• MasterCard
• VISA
• Wire Transfer

According to the website, if you want to make instant deposits, you can make use of Credit or Debit Cards, where you just need to fill in the required information. However, if you choose a wire transfer, this will take some time as you will need to fill a transfer form with your bank and then send it back to your Customer Onboarding Representative. If you require any assistance, the support service will be at your disposal at every steps of funding your account.

Important documents

Once you have made a deposit with them, they require you to send some documents by email. These include:

• Proof of identity
• Proof of Address
• Proof of payment
• Transaction Authorization Form

Withdrawal Process

To withdraw your funds, you will need to follow four simple steps as depicted below:

• Login to your account
• Head to the Deposit page
• Click on Withdrawal
• Fill in the required details and Submit

However, to make withdrawal on the website, you will have to pay a withdrawal fee, depending on the withdrawal method; you will have to provide all the important documents mentioned above, the minimum withdrawal amount is $100 and has no limits.

Trader Online Trading Platform

The website uses the world’s leading software platform provider Tradologic, which is the “highest technological standards in building cross-platform solutions.” This platform is suitable for new traders or beginners as their platform is user-friendly and simple to use. To start trading, all you need to do is Sign in to your account and click on Trade found at the top right-hand corner of the website. You will then be redirected to this user-friendly trading platform, where you will get access to a panoply of global tradable instruments.

As soon as you head to the platform, you will find that the website provides two trading tools which are named Forex and Simplex, respectively, each trading tool has different features and are traded differently. For example, when you choose the Forex tool, you will get access of all types of assets; but the assets you will find at first glance are Currencies.

For the Simplex tool, you can easily navigate to any asset types such as currencies, commodities, indices and so on. You are not offered with Live graph for this one, but the News section remain the same and you can monitor your trades at the bottom of the page. Again, you can choose your Stop Loss, Take Profit and risk level before placing your transactions. The minimum investment amount is $25 and the maximum amount is $1000. The website is reliable as it offers news from Investing.com, which is one of the biggest news website for the financial market. This means that the traders are in safe hands when they open an account on the website, they are trading with a safe and secure broker.

Assets Available

The website is said to offer over 200 trading assets, including traders’ most favourite Currency Pairs, Commodities, Stocks, Futures, and Cryptocurrencies. These include assets such as the most preferred EUR/USD, GBP/USD, USD/JPY, and many more in terms of forex market. As commodities, they offer crude futures, gold and silver; famous stocks like Amazon, Apple, Facebook, eBay, etc. In terms of futures, the website has S&P future, DOW, Nasdaq and other; and for Cryptocurrencies, it has BTC/USD, XRP/BTC, ETH/BTC. Different assets offer different leverage, the website offers a Leverage of 100 for commodities and currencies, a Leverage of 20 for all cryptocurrencies, a Leverage of 25 for all stocks an a Leverage of 50 for all futures.

Customer Care

We would rate its Customer Care as 4.8/5 since the website is said to offer a 24/7 service and they can be contacted via phone, email or live-chat. They also have a Contact Form where you can leave them a message in case there is a problem with their live-chat or if you have a serious issue.

Trader Online Advantages

• A wide range of assets
• Informative materials – Learning Academy articles
• Daily Financial News
• 24/7 Customer Support
• Secure platform

Trader Online Disadvantages

• Some assets may be unavailable, depending on markets, especially stocks
• Too many procedures before trading
• Website can be inactive during maintenance

Summary

The website is seen to possess more pros than cons and the way the website and platform has been designed proves that it wants traders to have a hassle-free experience while they trade. The website is full of useful resources, starting from a Getting Started guide, to an Academy which consist of forex articles to help you understand the market better. We highly recommend this broker to beginners or people are still learning how to trade as it guides you throughout to make profitable trades.