Trade24
Trade24 Review
Who doesn’t want to make huge sums of money in a short amount of time? Wouldn’t it be a dream come true if you could achieve financial independence without having to put yourself through the 9-to-5 grind? Even though most ways of achieving this goal may not appear to be reliable and practical, there is one option that’s both and has the potential to give you high returns, even beyond your imagination. This is none other than online trading, which has become a global phenomenon nowadays. This particular option doesn’t come with any such barriers to entry and enables anyone and everyone to earn substantial profits in a short time span.
Trading has been around for decades, but its popularity has shot up in a major way since it moved online. This is because it has become more accessible, easy and even more profitable with time. A ton of trading instruments have now been added that have high profit potential and can enable people to earn the kind of money they have always dreamt about. There are numerous people who have tapped into its potential and have made their fortunes by trading in the financial markets. The question is how? Where will you trade? How will you trade?
These are all sensible questions and the answer is that you need the services of a trading signals to assist you. They are your bridge into the trading world because they provide you with everything you need for getting started. They have also been part of the trading world from the beginning and still remain an important aspect. Therefore, you will come across a range of options at your disposal when you run a search to find one. In one way, this is a good thing because it means you have lots of choices to explore, but it can get really confusing, really fast and is not an easy decision to make.
So, what should you do? A simple solution is to ask some important questions about the trading signals in question in order to get to know them better and then make your choice, depending on the answers. Trade24 is one of the trading signals that are operating in the market, which was founded by Trade 24 Signals Investment Ltd in 2011. The firm itself was incorporated in the Republic of Seychelles, but the trading signals has its primary headquarters in London, United Kingdom. Over the years, they have also set up offices in Switzerland and Paris to cater to global clients.
While this might be impressive, you still need to dig deep and know whether Trade24 is a good choice for you or not. Some important questions to ask about them are:
- What instruments does Trade24 offer?
Your entire purpose of trading is to invest your money in trading instruments that are capable of offering you high returns. In order to do so, you have to choose a trading signals that can offer you said instruments. Every service is different, so their asset index will also vary. Hence, it is a good idea to look at the options available to you in order to ensure that you are choosing one that’s the right fit. If you have a particular instrument in mind, you can check to see if that’s available, and if you want to diversify, you can also confirm that. Trade24 has a rather spectacular range of trading instruments for its traders.
You will be able to trade in the forex currency market, one of the world’s biggest markets having a trading volume of $5 trillion every day. It is possible to trade major and minor currency pairs, along with exotic ones that are volatile yet profitable. EUR/USD, GBP/USD, AUD/CHF and USD/JPY are just some of the options. You can try commodities, both soft and hard, which are available at Trade24. The former include agricultural items like rice, cotton, wheat and corn. The latter refers to precious metals like gold, silver and platinum. Natural energies like crude oil and gas are also offered on this platform. You can try your luck in the stock market as well, and invest in shares of some of the leading firms. There are different kinds of Forward Contracts that are also available here.
Suffice it to say, there are enough instruments that traders will be able to diversify their investment portfolio without any hassle.
- What trading platforms are provided at Trade24?
After you have determined whether the trading signals offers you the assets you want to trade or not, your next priority should be their trading platform. The better part of your trading experience depends on this essential piece of software, so you need to know what you will get. If the platform lacks in any aspect, it could affect your bottom line. Trade24 has distinguished itself in this aspect by offering several trading platforms, giving its clients the freedom to choose the one they are comfortable with. Their choices begin with the leading platform in the market i.e. the MetaTrader 4.
Renowned in the trading world for its cutting-edge technology and features, the MT4 is capable of delivering a seamless trading experience. It comes with great charting tools and trading indicators that are second to none. One-click trading provides quick trade execution, so traders can tap into the smallest of market movements without any problems. The platform is also easy to navigate due to its highly intuitive interface, so newbies don’t have to worry about a learning curve.
The second option that Trade24 has added is known as the WebTrade24 platform. It is different from the MT4 in the way that it doesn’t need to be downloaded or installed anywhere. It is a scalable and secure trading platform that can be accessed through the trading signals website. It is an ideal choice for traders who don’t prefer to be tied down to one device for their trading needs, but it doesn’t compromise in the features department. It also boasts live trading news, charting tools, price alerts and indicators that can come in handy.
You can opt to use this web trading platform on your mobile devices as well, by simply accessing it through the browser. However, if you are looking for a smoother experience for these devices, you can simply download the mobile apps that Trade24 has developed for iOS and Android platforms. They are easy to download and are sophisticated like their counterparts. They provide you with all kinds of analysis, up to the minute market news, live charts and prices and allow you to open and close your positions from anywhere and anytime, letting you make the most of your trading activities.
- What accounts can you open with Trade24?
It is time to jump onto another important aspect of a trading signals service provider that can have an impact on your overall experience; the account options that are available. It is a fact that every trader is unique; they can differ in their trading style, their risk appetite, their capital, skills and other features. Consequently, they will need different kinds of account choices and it is the trading signals job to accommodate them. Trade24 has introduced six options on its platform in order to do so. These choices are:
Classic: Requiring a minimum deposit of $500, the Classic account is for newcomers in the market and gives them a 30% bonus. It also offers 24/7 customer support, trade size of 0.01 and online financial courses for guidance.
Silver: The second account option is more for beginners than complete newbies, so the initial deposit requirement inches up to $2,000 for this account. Along with the features of the above account, it gives trading signals for 1 week, free of cost. You can also use a senior account manager for guidance and assistance and one-on-one training is also provided.
Gold: Intermediate traders will find this account choice a good one because it starts with a minimum deposit requirement of just $5,000. The bonus now increases to 40% in this account and it also gives 75% cash back on any losses incurred by the traders. Trading signals are now available for a month and traders are also given e-books, along with a social trading platform for copying expert traders. The trading size is also adjusted to 0.1.
Platinum: To accommodate advanced traders on its platform, Trade24 came up with this account choice, which needs a deposit of $20,000 to be opened. The bonus is now increased to 50%, or traders can opt for 100% cashback on their trading losses. A dedicated service team is now available, with trading size adjusted to 0.2. Unlimited trading signals are provided, along with analyst managers and free webinars. Mirror algorithmic trading service is another addition that’s made in this account.
Mega: Seasoned and skilled traders will find this account to be a good fit for them, as they have to deposit a sum of $50,000 for opening it. They are given VIP trading signals in exchange, a free VPS service and a relationship manager as well. The trade size is now at 0.5, and a senior analyst manager now comes with the account.
ECN: The last account option that Trade24 has put together needs a minimum deposit of $50,000 or more. It comes with all features that the company has to offer to its clients and is more for VIP traders who enjoy taking risks.
Other than these account choices, you will also find a demo account offered by Trade24, which can be used to test their services and also practice your trading before you take a real step into the trading market.
- Does Trade24 offer any learning support?
Whether you are new to the world of trading or have been around for a while, you are probably aware of how important it is to continue learning about the financial markets and how they work. Even a small misstep can result in losses of hundreds of dollars, which no trader wants to deal with. Moreover, you would obviously want to boost your chances of making money and the best way to do this is by learning the ins and outs of the trading world. To help you accomplish this goal, Trade24 has set up a learning academy on its website.
You will come across articles that are based on both, basic and advanced, trading concepts, technical and fundamental analysis tips, along with tutorials and videos on an array of topics related to the trading world. They cover topics like trading strategies and MT4 tutorials for beginners and less experienced traders, but even the seasoned ones will find resources that can be invaluable for them. There are e-books and webinars that can also provide a lot of insight into the financial markets. You will also find a glossary that provides meanings of all jargon and terms that are used in the trading world.
- How to make deposits and withdrawals on Trade24?
Deposits are required for opening an account, as stated above, and withdrawals will come later when you want to get your hands on the profits you have made. But, how can you make either? Trading signals offer payment options for this purpose and Trade24 has done the same. They have added a multitude of payment solutions, so their clients can find one that’s convenient for them. You can make payments using credit and debit cards, including Visa, MasterCard, Visa Electron and Maestro. If not, you can go with bank wire transfers, which might be a bit more traditional, but is quite secure and reliable.
Keeping up with changing trends, Trade24 has also integrated online payment solutions on its trading platform, which include Neteller, Skrill and CashU. These are quick and easy and can be used for deposits and withdrawals alike. While deposits are mostly immediate, withdrawals will take at least 5 working days to complete.
Final Thoughts
With Trade24, you can also find a horde of trading tools that can be useful during trading, 24/7 support via various channels and competitive spreads that can make trading quite profitable.