Forex brokerage accounts are the windows for traders to delve into the forex market. With a wide variety of options available, it often becomes very difficult for the traders to select a brokerage account. Selecting a brokerage account that captures all the basic and advanced features is quite difficult. FinCompose has demarcated the features into two specific buckets – Must-have features and Good-to-Have features. To have such demarcation ensures that traders are able to experience the best trading environment within the forex trading space.
In this article, we will do a sanity check and try to understand the 4 Must-Have features of every trading platform.
What is the need for a brokerage platform to have multiple features?
What most of us might be thinking right now is – can the brokerage platform simply not restrict itself to trading? What is the need for so many features? Often, Brokerage platforms are a one stop solution for traders. They don’t want to revisit from one platform to another in order to meet their trading needs. Rather, a brokerage platform that satisfies all of their needs, or at least tries to satisfy them, is always on top of the ladder.
The complex nature of forex trading has led to a growing need of differentiated services that look deeper into the market movements. An overview of the market is no more the right approach to trade in this forex market. The growing interconnection across different markets globally has made sure that the complexity of the market is higher.
Now that we have a clarity as to why there is a requirement for better account features, let us go ahead into the article and understand what are the different account features a brokerage account must have.
Must-Have Forex Brokerage account features to not miss out on!
Here is a list of the must-have forex brokerage account features, which you must not miss out on!
1. User experience: User experience is the key when it comes to a successful brokerage account. Accounts like FinCompose focus solely into the user journey and user interface – which gives them an excellent step-up compared to its competitors.
2. Account opening: The account opening should be seamless – without any hurdle – since it would mostly focus on delivering the first message to the trader. Account sign-up must have a quick turnaround time – with an enhanced mobile interface to sign-up too.
3. Document verification: As a trader, I would not like to spend a lot of time collecting my documents to get my account verified. FinCompose is cognizant of it – and this is the reason why it has a minimal document list which has to be collected – before the trader can start with trading.
4. Multi-device experience: As a trader, the most important thing is multi-device experience, and this can only be a game changer for the platform. Giving the traders the flexibility to choose the device they want to trade from, is truly defining.
In conclusion, FinCompose takes special care into abiding by these 4 major principles – which makes it the best of the lot. Sign up right now – to experience a smooth trading journey.