MainTrade is an excellent trading platform for beginner traders and active investors seeking insights to maximize their earnings.
MainTrade Overview
Although MainTrade is not as popular as most of its immediate competitors, it has recently generated a lot of buzz on several online investment forums. Here are some of the top benefits cited by most platform users.
User-friendly copy trading platform
The social trading feature on the broker’s platforms is one of its perks. The feature allows traders to copy the trades of other experienced investors. That helps beginner traders and less-experienced investors to easily avoid risks and maximize their profits while also learning a lot about trading.
Multiple investment products
MainTrade also offers a broader selection of products and investments across several global markets. Their diverse portfolio ensures enhanced convenience for traders and investors looking to diversify their wealth into other asset classes. It also gives traders a variety of alternatives when making investment decisions, with the portfolio comprising various traditional assets and new asset classes such as cryptocurrencies.
Low margin rates
MainTrade allows free stock and ETF trading on all platforms. Besides, the broker has no inactivity fees, withdrawal fees, and minimum account balance. Other trades attract different costs and commissions, but the rates are generally lower than the industry average.
MainTrade Pros and Cons
While the above perks give an overview of the trading experience, you should also look into the broker’s potential shortcomings. Here are the critical pros and cons of trading with MainTrade.
Pros
- Intuitive copy trading feature
- User-friendly trading platforms
- Diverse investment products
- Low margin rates
- Reliable customer support
Cons
- The mobile app is undergoing improvements
- Trading platforms are not accessible in some countries
Are There Trading Risks with MainTrade?
MainTrade generally scores high in customer trust, considering the broker has not experienced any security issues since its inception. Its user accounts support 2FA, face ID, and biometric login. Besides, the broker stores most of their client’s funds in custodian wallets offline and in the cloud. Those measures provide extra security against common risks such as hacking and theft. Overall, MainTrade is a safe investment platform for all kinds of traders and investors.
Product Offerings
MainTrade has an extensive portfolio comprising a more comprehensive fixed income and predictive product selection. It scouts global markets consistently, following different assets’ price movements to deliver investments with higher growth potential to clients. The broader selection of investment products makes MainTrade an excellent choice for beginner investors, active traders, and casual investors.
The tradable assets on MainTrade ‘s platforms include.
- Stocks
- Cryptocurrencies
- Forex
- ETFs
- CFDs
The stocks portfolio comprises both long and short stocks. The broker also provides a vast selection of all the leading cryptocurrencies, with more than 50 currency pairs for investors interested in forex. Besides, the platforms feature stocks of leading companies and corporations globally.
About Fees and Commissions
MainTrade has a reputation for lower margin rates, which is evident in its zero commissions policy for stock and ETF trades. Unlike most competitors, the broker has also removed inactivity fees, minimum account balances, and withdrawal fees. That contributes to low-cost trading, which is ideal for retail traders who do not have much money to invest. However, institutional investors can also leverage the lower fees to increase their profit margins when investing in stocks, ETFs, and other products. Other fees may also apply based on your activities, but MainTrade guarantees low margin rates for all its clients.
Trading Platforms
Customers can register and trade through their desktop program, web platform, or mobile app. This broker streamlines the experience across all the venues because they share similar features and functionality. The venues support multiple functions, including charting, creating watchlists, placing numerous order types, and data streaming.
The social trading feature is the main highlight of the trading platforms that allow beginners and social traders to copy the trades of other experienced traders. The platform provides comprehensive data about the past transactions of experts to guide beginners in evaluating the market conditions, predicting asset price movements, and placing orders, among other essential trading aspects.
Who MainTrade is Best For
MainTrade has an intuitive social trading feature that makes it an excellent platform for beginner traders and casual investors who need insights and guidelines on online trading. However, it also offers various investment products and low fees that active traders and seasoned investors can leverage to generate substantial profits. Overall, MainTrade is a great investment platform for all types of traders and investors.
Disclaimer: This is sponsored marketing content. The presented material by no means represents any financial advice or promotion. Be sure to do your own research and acknowledge the possible risks before using the service of any cryptocurrency platform.
