There is no doubt that trading is a lucrative opportunity that has helped millions of people in investing their savings profitably. Not only can you make a living via trading, but can also adopt it as a hobby to earn a side income. But, it is important to remember that while it can be an opportunity, there are risks associated with trading as well. The first is not choosing a good broker, which can create a world of problems for you. It can get worse if you end up with a scam broker because they will leave you empty-handed and sap your trading confidence.
A good and reputable broker, on the other hand, can help you move ahead in the trading world, such as SMIMarkets. This broker is fully capable of providing an advanced trading platform to their clients, along with everything else they need to have a successful trading journey. How can they do so? Established by 1Bit OU in Estonia, this brokerage has been around for nearly two decades, which means they have extensive knowledge of how the market works. They have also kept up with the trends and technology to provide their clients with the best trading services in the market.
What do these services include? Some of their top-notch offerings that have helped SMIMarkets develop a positive reputation in the market are:
- The Extensive Asset Catalogue
The first and most impressive offering at SMIMarkets is their asset catalogue that comprises of more than 250 financial instruments for traders. These range from highly volatile to those with low volatility, which means that every trader can find something that suits their risk tolerance. You can invest in the forex market, trade commodities, which include precious metals like gold, energies like natural gas and oil and plenty more. If you want, you can also trade indices via the broker or even go for cryptocurrencies like Bitcoin. This enables every trader to diversify their portfolio, keeping their risks to a minimum and the opportunity to earn more.
- The Choice in Trading Platforms
At SMIMarkets, traders are also given the freedom of choosing a trading platform that works for them. Some prefer to use a web platform that they don’t have to download and can access on multiple devices. Some want a desktop platform that offers powerful capabilities and delivers a smooth trading experience. No matter which category you fall into, you will find a trading solution with SMIMarkets. The broker has added a web platform and also a desktop platform, each of which is easy to use and integrated with state-of-the-art technology and advanced trading tools. You don’t need to worry about a learning curve and can easily start trading right away.
- The Simplified Registration Process
Another impressive offering of SMIMarkets is their straightforward registration procedure. There is no need for you to wait for days to have your application approved. The broker doesn’t ask for extensive paperwork either. One registration form is given on their website that you can easily complete in a few minutes. You have to share basic data like your name, email address, phone number, location and password you want to use. It also asks you to choose account currency between EUR, GBP and USD and you have to agree to their Terms and Conditions. The registration process will be done and you can move onto the account opening process.
- The Numerous Trading Plans
Trading plans or account options are offered by brokers to facilitate their clients, but not every broker gives good and flexible options. The good news is that SMIMarkets doesn’t belong to this category. Their professional team has introduced five options, each of which are unique and aimed at a different class of traders. You have complete freedom to choose the account that is in accordance with your trading style. These options are:
Beginner: Minimum deposit 250, variable spreads, 0.01 lot size and maximum leverage 1:100
Standard: Minimum and maximum deposit 500 and 4,999, 1 lot size, maximum leverage 1:200, personal account manager and negative balance protection
Gold: Minimum deposit 500 and maximum deposit 9,999, leverage 1:300, Gold spreads, financial plan, instant execution and mini savings account
Diamond: Minimum deposit 10,000 and maximum 49,999, leverage 1:400, Diamond spreads, full savings account and risk management and planning
VIP: Account opening only on private invitation, customized account, VIP spreads, Trading signals, private analyst session and priority withdrawals.
Islamic accounts are also offered by SMIMarkets for each category to accommodate Muslim traders on their platform.
- The Convenient Payment Solutions
Once account selection is complete, traders would want to start trading and to do so, they have to check what payment solutions can be used for deposits and withdrawals. SMIMarkets has added multiple options here for the ease of their clients. Traditional bank wire transfers are supported, but clients can also go with debit and credit cards, including Visa, MasterCard and Maestro. If you are a more modern trader, they allow you to use e-wallets like Skrill and Neteller for your trading activities. No charges are imposed on funding or withdrawals, but minimum withdrawal limit of 100 is set. Deposits are typically instant, with the exception of bank wire transfer. Withdrawals, on the other hand, take 3 to 5 days for processing.
- The Availability of Support
To ensure 100% customer satisfaction, SMIMarkets has made an effort to provide support to their clients. They have added a number of channels that can be used for contacting their representatives in case of a problem. You can reach out to them via email or fill out the contact form given on the broker’s website. If that’s not fast enough for you, there is the option of contacting them via live chat or you can also give them a call on the number provided on the website.
While these features are impressive enough, SMIMarkets also has great educational resources, a reliable and transparent security infrastructure and their pricing is also competitive, motivating traders to invest more for high returns.