Who hasn’t heard of the foreign currency market? It is known for its volatility, which makes it a very lucrative space for anyone who wants to make money. Of course there are risks, but the payoff is certainly worth it.
Thanks to technology, making your way into this market has become immensely easy for people and they just need to find a reliable brokerage to begin.
Tredexo is one of the options you will find when you begin searching, but you cannot just sign up blindly. You obviously need to know everything about the broker and this is where a Tredexo review can help.
As opposed to some of the other brokerages in the market, Tredexo hasn’t been around for every long, as it was established in 2019.
Nonetheless, it has managed to become a reputable forex trading platform quickly and is operating out of St. Vincent and the Grenadines. In order to understand why it has become so popular, you need to know what it offers. Read on to find out:
The Asset Offerings
Whenever you are looking at a broker, the first thing you need to look at is their asset offerings. There are a ton of companies that claim to offer you access to the foreign currency market, but the choices they give you in terms of currency pairs are very limited.
The market has a daily trading volume of more than $5 trillion, which means there is a lot of money to be made and the only way to make it is by trading numerous currency pairs. You will find that Tredexo offers major, minor as well as exotic currency pairs. These include EUR/USD, AUD/USD, CHF/JPY, GBP/USD, CAD/JPY, EUR/JPY, USD/CHF, USD/CAD and lots more.
The Trading Platform
One of the most vital offerings of a brokerage is the trading platform they provide to you for executing your trades in the market. This has to be a good one for offering you a smooth trading experience and Tredexo doesn’t disappoint.
They have come up with a web trading platform for their clients, which you can access directly via their website and it doesn’t require any downloading or installation. It has an intuitive interface that makes it easy to use and navigate for everyone, regardless of their skill and experience.
The innovative technology also ensures quick trade executive and real-time results. They have equipped it with numerous trading tools, including all order types, real time price quotes, trading signals and the latest market news. Along with this option, a mobile app is also offered by Tredexo that can be downloaded on iOS and Android devices and used for trading on the move.
The Account Options
It is the norm for brokers to offer several account options to their clients, particularly when they want to accommodate traders from different backgrounds. Four account choices are provided by Tredexo for facilitating traders with different styles, risk tolerances and capital.
These are Silver, Gold, Platinum and Diamond accounts. The Silver account is for newbies and beginners, whereas the Diamond account is for professional traders. The minimum deposit starts at €250 for the Silver account and is €35,000 for the Diamond account.
As far as account features are concerned, they are enhanced as you upgrade. Some options include Academy access, e-book, dedicated account manager, no withdrawal fee, trading signals, premium contract options and account bonus.
The Customer Support
You need to know what kind of customer support is provided to ensure you can get help when you need. Several channels have been added by Tredexo for this purpose and you can find them on their Contact Us page. These include email, a phone number and an online contact form that can be used for scheduling a callback 24/7.
You will also find solid trading conditions, educational resources and top-notch security features at Tredexo and all of them can help create a positive trading environment.
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