It is true that online trading has become massively popular lately and for good reason! This particular domain offers ample opportunities for traders to maximize their earnings and multiply their initial investments by huge numbers! However, before you start trading an important step you have to take is to choose a suitable online trading platform. It is vital that you make this decision wisely since there are scores of online firms out there and most of them are scams or have doubtful credentials. The last thing you want is to fall victim to a shady online broker. Therefore, it is in your best interests to opt for a reliable and trustworthy trading platform that has a strong reputation in the financial sector.
If you finally decided to venture into online trading, I would strongly recommend that you sign up with CFDdesk. As per my experience with using their services, I have found them to be a very efficient and powerful trading platform that is suitable for every kind of trader. Whether you are a new trader or have several years of experience in this industry, CFDdesk will prove to be a great platform choice for you.
This CFDdesk online trading platform boasts a number of useful features that make them one of the better trading firms right now. Are you interested to learn more about these features? Here is a detailed review of the same.
|Trading Type||CFD Trading|
|Assets||Forex, Stocks, Indices, Commodities|
|Trading Platform||Mobile, Desktop, Web|
|Trading Education||Ebooks, Videos,|
|Trading Tools||Market Summary, Video Chart Analysis, Financial News etc.|
Safety and Security Infrastructure
No trader would want to trade on an online trading platform whose security measures are not up to par. This is true even if the platform boasts some great qualities and features. If the security is not top-notch, it can have devastating consequences for traders who have registered their trading accounts on the platform. Any hacker or some other cyber criminal can capitalize on the poor security and break into the trading database. They can then proceed to access the sensitive information of the traders. The last thing you want as a trader is this vital information getting leaked. Therefore, it is of immense importance that you trade in a completely secure and impenetrable trading environment where there is no risk to your funds or personal data.
With CFDdesk, there is no need for you to concern yourself with the platform’s security standards. CFDdesk prides itself for prioritizes the security of its users above everything else To that end, they have implemented robust security measures that include a cutting-edge and innovative encryption software, firewall system and 2 factor face authorization to boot. The encryption software and firewall do a great job at preventing any unauthorized personnel from breaking into the trading system and creating any havoc. You can rest assured that all of your personal information will be fully encrypted so that it bears no value to anyone who has no right to access it.
In addition, CFDdesk has a stringent verification system in place that comes in place when you register a trading account with them. They will verify your identity and from that point onwards, only you (or anyone you allow) can access your trading account. Make sure to not share your username and password with anyone else as these details are critical to logging in your trading account. Furthermore, all the payment and banking options that CFDdesk offers are very safe to use as well. There is no risk whatsoever that your funds will be misplaced or lost somewhere. Hence, you can count on this trading platform to provide with a 100 percent trading zone where you can trade risk-free with complete peace of mind.
Six Days a Week Customer Service
All trading experts unanimously agree that a key trait of any top-quality online trading platform is providing excellent and swift customer service. This particular feature is an extremely important one. That is because traders often have several queries and issues in different stages of their trading journey and expect the customer department to help with these traders. Something that annoys any user is getting stuck with a certain problem and then not hearing back from the trading platform’s representatives after contacting them.
I would like to highlight that if you choose to trade on the CFDdesk trading platform, you will not have to face any such problem or hassle. They provide professional and swift customer service to all of its traders six days a week. If you encounter any issue at all or have any question, you can feel free to reach out to them and they will be more than glad to assist you with whatever you want. Whether you want help signing up for a trading account or have run into some difficulty verifying your identity or even if you want to learn ho to use the platform’s Education Center, you can always count on CFDdesk’s customer support.
Their customer division consists of specialized people who are well versed with all aspects of online trading so they can easily help you out with any of your concerns. In order to contact their customer support department, you can write them an email detailing your concern and one of their people will get back to you shortly afterwards. What you can also do is make use of the live chat option that is available on their website. This is an excellent communicating tool as you can get live assistance from their customer team. So you will not have to wait too long for a response. One thing is for certain- you can always rely on CFDdesk’s customer service team to have your back throughout your online trading journey.
Methods of Deposits and Withdrawals
A useful and convenient feature that an online trading platform can provide to its users is the availability of several payment methods instead of just one. When there are limited banking options available on the platform, that can be a huge hindrance for the traders as they will not have the flexibility to opt for the one that is most convenient to them. On the other hand, when there are several deposit and withdrawal methods available, you have the flexibility to select what you want and proceed with the transaction.
When you choose CFDdesk to be your online trading partner, you may select between debit cards, credit cards, PayPal, bank transfers and several 3rd party payment tools. The latter have become very popular lately and are the go-to payment option for most of the online traders. If you want to make a quick transaction where the amount is not too big, I would suggest you go for the credit or debit card option. The money will be wired in or out of your investment account within the same day. CFDdesk supports both MasterCard and Visa so you choose either one.
In addition, executing any of the payment options available on the CFDdesk platform is very simple and easy as well. You just have to click a few buttons and this it. There is no need to fill out any lengthy forms which is a time consuming and exhausting process. No one frankly has the time to do that especially if you are a trader who has a busy schedule. This is however not an issue with CFDdesk and you can proceed with your payment option very quickly and easily.
What’s more, you will receive an email when you complete every transaction via the platform. These emails will be sent to the email address that you used to register the account. The advantage of these transaction notifications in your email is that is that you can keep track of all the funds that leave and enter your bank account. In that way, you can stay on top of your fund management.
Minimum Initial Deposit
If you have explored the service of some online trading establishments, you would know that majority of them require you to make an initial deposit to register for a trading account on their platform. This deposit is a prerequisite to sign up with the platform. Once this deposit lands in your trading bank account, you can start trading in various assets. A big challenge however that most traders often face is that this initial deposit is quite a large sum and not easily affordable by everyone who wants to start trading. This is particularly true for newbie traders who do not have a large investment budget and are interested to start on a small scale. The high initial deposit does not allow them to do that.
If you are a trader who does not have very deep pockets, you would be pleased to know that the CFDdesk trading platform has enforced quite a low initial deposit amount to the tune of just 250 dollars. Many of the traders can easily afford this amount. Moreover, another advantage of a low initial deposit that you do not risk too much of your money. In the worst-case scenario, even if all your placed trades fail, you only stand to lose 250 dollars and not a cent more than that.
I would also like to point out that the CFDdesk online trading platform is very transparent when it comes to financial matters. Apart from this initial deposit, there is no hidden fees involved of any kind. They have highlighted this in their terms and conditions so be sure to go through that as well. Therefore, you need not be concerned that they will spring some extra charges on you once you start trading on their platform.
Any CFDdesk trader will tell you that the Education Center is by far the most valuable resource available on their trading platform. Though most trading firms feature a learning center, they are not as comprehensive as the CFDdesk’s education center. Basically, it has everything you can possibly need to enhance your trading knowledge. You can then utilize this knowledge to place your trades more confidently. The resources present in this Education Center include a number of trading videos, eBooks, chart analysis, economic calendar, financial news, trading signals and calculators and a lot more. You will have access to the live market trends and patterns so you can stay abreast of all the latest trading news. Similarly, you can enlighten yourself with the most recent financial news.
You will also find a detailed glossary in this Education center which is a great tool for all traders; especially the new ones who often come across new trading terminologies every day. If you are new to the world of online trading, you can always leverage this glossary to learn about all the common trading terms that people use. In addition, are you someone who is constantly looking for new tips and strategies to trade successfully with various assets? If that is so, then I would highly recommend that you use the Education center of CFDdesk to learn more about these golden and valuable tips. If you follow these tips carefully, there is a strong chance that you will thrive in your trading activities.
Moreover, you can also use the Education Center to get advice on which trading instruments are best for you depending on your investment budget and objectives. Alternately, you can consult your broker regarding this matter as well.
Compatibility with All Common Devices
You would probably know that these days people do not stick to just a single device when they are surfing the internet. The same extends towards online trading as well. Online traders tend to switch between various devices as per their convenience. For instance, if they are at work, they might prefer to login their trading account on their smartphone and if they are at home, they opt to sign on the trading platform on their laptop. It is of paramount importance that an online trading platform takes this user habits into consideration when they design their software and create a platform that you can easily access from any device.
The CFDdesk trading platform has made certain that their interface and trading features are easily accessible from all common devices that people use these days. You can effortlessly navigate their software system from your smart phone, tablet, laptop, desktop or any other common device. Regardless of which device you used, you will not face any glitches or delays while using their platform for any activity. That is because their developers have specifically made sure the CFDdesk trading software is able to provide a user-friendly experience on every kind of device. In addition, the CFDdesk trading platform is fully compatible with Android and iOS systems and you can easily download their software in your system without any hiccups or hassle.
If you are someone who is travelling all the time, I would suggest you operate their software on your software as that is more convenient and you can easily place your trades by tapping a few buttons on your phone. Alternately if you are someone who enjoying viewing things on big screens, then logging in your account on your laptop or desktop might be a better option for you.
Low Spreads and Broker Commissions
Spreads and broker commissions are 2 important factors that you need to consider when you select your online trading platform. If you are new to world of online trading, you might not be familiar with these terminologies. Spread is essentially the amount of money you give to your broker on each trade you make on the trading platform. So whatever returns you get, a part of it will be given to your broker. Therefore, almost every trader looks for online brokers who offer low spreads. This is understandable given that low spreads translate to bigger profit margins for yourself as you will be giving a minimum amount to the broker.
Moreover, you also have to pay commissions to your broker for every trade. This commission is separate from the spread. When these two are coupled together, the trader ends up handing over a significant chunk of his or her returns to the broker. That results in lower profits for yourself. A key benefit of trading on CFDdesk is that you can enjoy the luxury of low spreads and no commissions. Consequently, whatever returns you get from your trades, you will be able to keep most of it in your pocket while the broker gets just a small share. There is also no hidden fees involves which allows you to maximize your returns on each trade. I would like to highlight that most online brokers charge hefty commissions but CFDdesk is an exception which makes it an ideal choice for most traders.
The Algo trading feature is a newly introduced one in the financial sector and some of the online trading firms provide this feature to all its traders for their convenience. CFDdesk is one of these firms who support Algo Trading on their platform. Incase you do not know what Algo trading is and how it works, it is essentially a computer program placing trades on your behalf with minimal input from your side. So you are not executing any trades yourself and instead relying on the computer algorithm to do the same.
How this works is that provide a certain set of trading instruction the computer program. The program then executes trades your behalf depending on these precise instructions. Therefore, you know for sure that the computer program will not randomly place trades based on its own formula but instead use your instructions to do the same. The main advantage of Algo trading is that works extremely quick and the computer program can place maximum number of traders in a short period of time. It is not possible for a human trader to match this speed! Hence, you want to place as many trades as possible to maximize your earnings, the CFDdesk Algo trading is a great feature that you can leverage.
At this point, you might be thinking that the computer algorithm may make mistakes while analyzing trading charts and patterns. I would like to tell you that this is not possible since the computer program is far more efficient than human capabilities. Hence there are chances of making any errors is substantially less than ours.
If you are a busy individual who does not have too much time to do trading yourself, then this Algo trading feature is perfect for your situation as it helps to free your time.
Instruments of Trading
Another great feature of the CFDdesk online trading platform is that it features several trading instruments on its platform that you can choose from. Whether you keen to invest in indices, want to trade in stocks, indices or anything else, CFDdesk has got you covered. You choose whatever trading instrument you want to invest in. Whether you are a newbie trader or an experienced one, there is no restriction as to which assets you can opt for. Of course, it is best to select the trading instruments that best align with your investment budget and your own personal goals.
You will the flexibility to choose any number of trading instruments you want without any reservation. The best part however is that all of these instruments are available on the same platform which is very convenient for any trader looking to put their eggs in separate baskets. So there is no need for you to explore any other online trading firm. Every trading instrument is available on CFDdesk that you can leverage easily as per your preference.
Wrapping it Up
To summarize, there are numerous online brokers available but you are better off option for the one that is most reliable, secure and offers ample trading opportunities to all of it traders. CFDdesk fulfills all of these criteria and a lot more as well. Regardless of whether you are just starting out on your trading journey or are a professional trader with lots of experience, you will find CFDdesk to be a perfect trading platform. It has all the features you could possibly want to facilitate you in your trading expedition.