In the last few years, the trading markets have attracted millions of people all over the globe. Some people have always been fascinated with the forex and stock markets, but found them difficult to access. Others have been lured in due to the hype surrounding cryptocurrencies. No matter what your reason, it is a fact that these markets have a lot of opportunities to offer. Online trading gives you the chance to trade a horde of instruments to trade from and profit and there is plenty of room for everyone to grow. Like others, you can also make your fortunes in this market.
Trading in the financial markets has become easier than ever, all thanks to online brokerages. They are like their traditional counterparts, opening the door of the financial markets for you, letting you access trading instruments and providing you with the platform for trading. There is a huge number of online brokers and they are increasingly regularly due to high demand. If you want to trade, you also have to choose a broker, but with so many options available, how can you select one? It is normal to wonder if these brokers are the same or if something sets them apart.
Granted, there are a lot of brokers that will appear to be similar, offering the same features, tools and services with minor changes, but this doesn’t mean that any broker will work for you. You need to know how to distinguish between reliable and legitimate brokers and unregulated ones. This can save you from having to change brokers in the future and avoiding a great deal of stress and inconvenience. You will have to evaluate Ualgo as well, in order to understand what makes this broker different from the rest. Based in St. Vincent and the Grenadines, this broker is MIFID II compliant and was founded by UMedia LLC.
A CFD provider, Ualgo has several features that make this broker different from the others. What are they? Check them out below:
- Ualgo offers an array of instruments
A prominent reason for anyone to opt for Ualgo is that the broker gives them access to an array of instruments to trade. There are numerous CFDs you can trade on their platform and they belong to different markets, allowing you to diversify your investment portfolio. The broker allows you to trade forex currency pairs, such as NZD/USD, AUD/CHF, USD/NOK, EUR/USD, USD/GBP and GBP/JPY. There are also stocks like Amazon, Facebook, Netflix, PayPal, Apple and VISA that can be traded.
Apart from that, Ualgo has added indices to its instruments including Dow Jones, Nasdaq, FTSE 100, DAX 30 and S&P 500. You can also find cryptocurrencies on their platform, such as Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash. There are various commodities like gold, silver, oil, coffee and corn that you can invest in.
- Ualgo has implemented SSL encryption
With the number of cyberattacks happening regularly over the internet, people have become hesitant in sharing their information. If your identity is compromised, it could lead to a whole lot of problems that you want to avoid. But, signing up with Ualgo means that you have to share personal details with them. They don’t leave you vulnerable because they have opted for high-end encryption technology to keep all information safe and under wraps. SSL (Secure Socket Layer) encryption ensures that your data remains safe at all costs.
- Ualgo provides customer account segregation
It is not just your information at risk when you are trading online; you also have to worry about your money. Trading via a broker means that you have to trust them with your money and you want to make sure your funds are not stolen and kept safe. To make this a possibility, Ualgo has opted for customer account segregation, which means that your account is kept separate from the company’s own and your money is kept with leading and reputable banks. This keeps them out of easy access and ensures that they are only used for trading and nothing else.
- Ualgo offers excellent customer support
One of the key elements of any business, whether it deals in products or services, is customer support. It is even more important in the trading world because there could be technical issues with a trading platform, a problem with the trade or other problems that traders encounter. The market changes within minutes, so immediate assistance is required. Ualgo has opted for a customer-centric approach and their department is available 24/5 for assistance and guidance.
The broker has added various channels that can be used by traders for getting in touch with their customer support team. You can send them an email on the address provided on their website or give them a call on the phone number given. The broker also has a live chat option on its website that you can use immediately or fill out the online contact form given. Ualgo has also put together an impressive FAQ section where they have provided answers to multiple questions to save traders from the trouble of having to contact customer support.
- Ualgo has added educational resources
There are various trading success stories that can be found, but the failure stories are double in number. Why is this so? This is because a lot of traders don’t have enough knowledge and understanding of the financial markets and so, they end up making losing trades. The best way to avoid doing so is by keeping up with the market and enhancing and expanding your knowledge and skills. Ualgo allows you to do so with their educational resources that are given on their website. There is a whole section on their website that comprises of e-books, videos, blogs and articles, tutorials and webinars on a variety of trading-related topics that can help beginners and experienced traders alike.
Considering how Ualgo is different, you can sign up with it to make your fortune in the financial markets.