The Exchange Bank Review – Why It’s Considered a Trader-Friendly Online Broker

The Exchange Bank Review

Are you looking for an online brokerage that provides you with trader-friendly services? Are you new to trading or is it that your current trading services provider is not so friendly? In either case, it makes sense to take the next step as soon as possible before you suffer in the hands of a company that does not care about your specific needs. Now that you have landed on my The Exchange Bank review, I will make sure you know about this company more and find out why it is one of the best out of the bunch for providing you with trader-friendly services. Let’s explore.

AML and KYC Compliance

Have the peace of mind when you sign up with this company because you are going to with one that complies with the most important KYC and AML policies. These policies are integral to online financial services providers because they protect the interests of the traders as well as make the online trading world safer than ever. KYC stands for Know Your Customer, and the purpose of this policy is to identify every customer before they sign up on the trading platform. This means every person who signs up with The Exchange Bank is a legitimate trader and not someone using fake details.

The AML policy serves the same purpose but only in the banking department. The company wants to make sure that every person who signs up uses their banking account for deposits and withdrawals. More importantly, money launderers should not be given any place on the platform. To do that, it adheres to the AML policy, which stands for anti-money laundering. By complying with this policy, the company requires you to submit your banking details in the form of pictures and other proofs that ensure that you are the person who really is the owner of the banking account that you are using for banking on the website.

Trading Conditions That Nurture Growth

The best trading services providers on the internet have trading conditions that help you grow. I have to give you this advice before you start your trading career that you should not focus only on today. You have to focus on your tomorrow as well because when you sign up with an online broker, you are supposed to be with this platform for many years and grow as a trader. The trading conditions from The Exchange Bank are really liked by its traders because they are designed for them and to make their trading life easy. You will know that instantly when you sign up.

For example, you don’t have to pay the unnecessary commissions and service charges on every move you make on the platform. More importantly, the leverages you get on the assets are very realistic. You get leverage on just about every asset on the asset index. Furthermore, the spreads are kept pretty tight to make trading easy for traders. With tight spreads, you can make sure that when you execute a trade successfully, you pay only a small amount to the broker in the form of commission and get to keep most of the profit on the trade.

Pick from Several Asset Classes

While other companies talk about the many assets you can trade with them, I have to tell you that with The Exchange Bank, you have many asset classes to pick from. Within each asset class, you have from dozens to more than hundred assets. This means you can always pick the asset that makes the most sense to you and suits your trading style. For example, if you are someone who likes to play safe and minimize your risks, you might not be interested in trading cryptocurrencies, which can be extremely volatile and risky. When you sign up with The Exchange Bank, you have plenty of options that you can pick from.

You can go with forex currency pairs, which include not only the major currencies but also the exotic and minor currency pairs from the developing nations of the world. Furthermore, you can trade cryptocurrencies, indices, and even commodities. Within commodities, you have precious metals, agricultural, and natural resources that you can trade. Last but not least, you can also trade stocks. The stocks belong to some of the biggest companies in the world, such as Microsoft, Google, Amazon, Tesla, IBM, HP, Dell, etc.

Portable Trading Platform

Portable is a term that covers only the tip of the iceberg when it comes to online trading platforms. There are so many other things that make the trading platform from The Exchange Bank great that portability can easily be ignored. However, I will still talk about it and would like to tell you that you can use this software anywhere you want and using any device from a desktop computer to a tablet or smartphone. Furthermore, the software is so universally compatible that if you have any of the major operating stems on your device, e.g., Windows, MAC, iOS, Android, etc. you can easily use the platform.

I have to tell you that this software is easy to use. You don’t have to spend days to realize where the different options. I am sure it will not take you more than a few minutes to realize how to use the software to its maximum potential. Last but not least, all the trading tools that you keep hearing about from the online trading experts are there on your software. You just have to log in with your paid trading account details and start using the trading tools straight away.

Final Thoughts

For online trading services providers, they can’t rely on outdated technologies and conventions to win the hearts of their traders. They have to go out of their way to give traders something that they have not seen and experienced before. I think The Exchange Bank is doing its best to bring its traders something different and special. It is giving them the trading experience that they can remember. In the end, it is an online broker that I think gives you the best opportunity to grow with it by trading on its platform for many years to come.