Do you want to become a trader? You are definitely not the only one who is considering this option because a lot of people are realizing the opportunities that financial markets have to offer. There are literally thousands of trading instruments that you can invest in and plenty of money to be made. You certainly don’t have to worry about the opportunities running out and there is enough variety that you can easily find something that works for your risk tolerance. Even if you don’t have a great deal of knowledge of these markets, you can start small and then increase your investment as you gain experience.
All you need to do is find a broker that’s willing to accommodate you. You can Google this like everything else, but the sheer number of options you will find can be a tad overwhelming. It is a given that not every name you find will be a good one, as every market has its share of shady and unreliable companies. But, how do you partner with the right one? The best way is to look at what they are offering and then decide accordingly. This is what you can do in the case of Coinibank, one of the brokers you will find on your list. Check them out below:
Financial Products for Trading
To partner with the right broker, you need to find out what instruments they are offering to you. The key to mitigate the risks inherent in trading is via diversification i.e. spreading your capital over different types of instruments. You can only do this if you have access to that many options and it appears that Coinbank is more than capable of accommodating you. They have an extensive list of financial products available for trading, which are divided across different financial markets.
You will be able to trade in the world’s biggest financial market i.e. the forex market and opt for currency pairs like EUR/USD, AUD/CAD, USD/CHF, GBP/USD, USD/JPY and EUR/GBP. You can go with stock trading and opt for companies like Amazon, Google, Apple, Facebook and Fiat. There are indices like S&P 500, FTSE 100 and NASDAQ 100 to check out. Coinibank has also added ETFs, bonds and commodities to the mix, thereby providing an excellent mix of financial products.
Traders have to open an account on a broker’s platform and the same applies to Coinibank, but you have to take into account the different types that are provided. Every company comes up with their own offerings and the same has been done here. You will find six account types, which is a lot more than you will find elsewhere. The options include Basic, Standard, Silver, Gold, Platinum and VIP, each of which is for traders of a specific skill level. The minimum deposit you need for the Basic account is $250, while VIP needs $50,000.
You will find that different features have been added by Coinibank for facilitating their clients and these can vary from account to account. An account manager, customer support and education center access is common in all, along with bonus, but its percentage tends to vary. Other additional features include live webinars, trading alerts, expert analyst sessions, VIP services and waiving of withdrawal fees.
You can use a web-based trading platform that has been developed by Coinibank for its clients to trade in the financial markets. It is an innovation solution that gives a lot of flexibility and has been integrated with various tools and features like financial news, different calculators, and charting tools, advanced order types, price alerts and trading indicators. They have also added mobile apps that can be used for trading on the move and help traders in keeping up with market movements.
You can also get competitive trading conditions, excellent educational resources, great customer support and a secure trading environment, making Coinibank the right partner for everyone.