As an individual who is searching for an opportunity to trade, you have to evaluate a lot of options that are available to you for trading. Being a new trader, I don’t expect you to know a lot about how to evaluate a trading platform. However, I am here to help you with that. Once you know the most important factors that help you decide whether or not the platform is good, you will not have a hard time signing up with the right one. Today, I will help you evaluate the level of Genesis11 based on the three most important trading features.
If you don’t get satisfaction in these three areas, I recommend that you consider signing up with a different platform or continue your search for the best one.
Before you look into anything, I think you should verify the type of trading platform you will get. I have to tell you at this point that different platforms offer you different types of trading softwares. At times, you have to download the software and at other times, you don’t have to. In the case of Genesis11, you don’t have to download anything on your device. This means your trading platform is accessible to you on the internet. You can sign up on it and use it for trading from any device and regardless of your location in the world. It allows you to trade within a few clicks.
The charts and graphs you need for facilitating your trades are already there on it. Since you don’t have to download different versions for different devices, your trading experience is very uniform with this broker.
The next important factor that you have to consider is the asset index from your trading services provider. Looking at the asset index will give you an idea about how many different financial markets you will be in at the same time. Do keep in mind that when a trading platform gives you access to many markets, you are usually able to trade in them at the same time. In other words, you can open multiple trade orders for different assets simultaneously. With Genesis11, you have multiple financial markets at your disposal. You can trade forex currency pairs, including not only the major, but minor and exotic ones.
You can also trade cryptocurrencies, such as Bitcoin, Ethereum, EOS, Litecoin, etc. Precious metals, such as gold, silver, and platinum are available on this platform for you. Other assets that you can trade in the form of CFDs include indices and stocks.
Take care of the two points mentioned above and ignore this one, and I am sure you will still end up in a mess. You can still survive as a trader if you ignore the two points and only take care of your safety while trading. What do you have to look at in terms of security? See if the broker has KYC and AML policies on the website. Yes, in the case of Genesis11, you have those policies implemented. Is your trading services provider taking care of your information? Yes, once again, you will be happy for the fact that this platform will take care of your information through encryption.
What about the money that you deposit in your trading account? Will it be saved as well? Yes, this company will protect that money by sending it to segregated funds that are maintained at reliable banks only.
It does not matter which particular trading platform you are going for or which broker you are about to pick, you still have to look at these factors before you shell out the money you have saved for years. Trading involves risk and while risks bring you rewards, you should only take them when you have performed proper analysis and evaluation of your options. I think starting with Genesis11 will be a safe way for you to step into the trading world.