Want to trade forex currencies? It could be cryptocurrencies that are drawing you to the trading market. You are not the only one who are tempted by the profits that this market has to offer. Everyone has read the stories about people making it big in the forex market or the crypto market. Don’t you want to earn huge sums of money with minimal investment? All you have to do is begin your trading journey, which has become easier than ever thanks to the internet. You can easily access the financial markets nowadays, as long as you have a broker. As an alternative solution, read the Bitsgap arbitrage review which says that it is a decent multi trading tool for cryptocurrency.
But, this is where things get a little tricky. The market is overflowing with numerous brokerages, all of which claim to be experts in what they do. However, not all of these brokers can live up to their claims as lots of them are pure scams. A number of traders have become victims of these brokers and have ended up losing their funds and also had their identities stolen, which had long-term consequences. You don’t want to face the same consequences and the best way to avoid them is by finding a dependable and legitimate broker. PrimeCapitec is one such brokerage that can fit the bill quite nicely.
You will come across this broker in your search, but most people don’t give it much considerable since it was introduced in March 2020. This means that it doesn’t have a lot of experience and trusting new brokerages can be difficult. Yes, PrimeCapitec is quite new, but even during this short period of time, it has made some impressive accomplishments. The company is based in Zurich, Switzerland, but it was formed by Crewire Holdings Ltd, which is licensed in St. Vincent and the Grenadines. The broker is dedicated to forex and cryptocurrency trading, but it also offers other CFDs via its platform.
The main thing that you need to know is how it can help you trade in a safe and profitable way? In order to figure this out, you need to assess the different features PrimeCapitec has to offer. Some of its prominent features are mentioned below:
- Flexible and powerful trading platform
The most important feature of a broker that needs to be assessed is the trading platform. This software is used for executing trades, which means most of your time will be spent using it. Therefore, you need a trading platform that is not too technical or complicated. You will discover that PrimeCapitec has come up with a highly intuitive proprietary trading platform that can facilitate trading in the best possible way. The dashboard is simple yet boasts cutting-edge trading tools. The platform is accessed via the web browser, which means no downloading is needed.
PrimeCapitec has provided trades with access to custom indicators, trading signals and one-click trading. Multiple assets can be traded through a single dashboard and traders can also find the latest news that can help them in decision making. Also, the security, maintenance and updates are the responsibility of the brokerage as it is a web-based platform, which means traders don’t have to worry about any of these things.
- Multiple trading opportunities available
The world of trading is a diverse one and there are hundreds of thousands of financial instruments that can be traded. The problem is that not all brokers will give you the opportunity of investing in several instruments. Most of them only offer limited and popular options, which can affect your profitability in the long run. Luckily, PrimeCapitec doesn’t follow the same path as, even though it is advertised as a forex and cryptocurrency brokerage, they have also added CFDs (Contract for Difference) to their asset index.
First and foremost, you can trade a wide array of cryptocurrencies including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ethereum Classic, Ripple and Digital Cash. PrimeCapitec has also added various cryptocurrency pairs for trading including major and minor pairs. Apart from these, you can trade CFDs on indices, stocks, commodities, ETFs and bonds.
- Detailed and thorough educational resources
Your success in trading depends on how much knowledge you have of the market and its workings. If you are a complete newbie and have managed to make a couple of profitable trades, it doesn’t mean that this luck will last. What will happen when it eventually runs out? How will you create a strategy and know when to implement it? Knowing how the market works can make this easier. Thus, PrimeCapitec has created an education academy on its website to assists its clients. The purpose is to give traders access to up-to-date and reliable knowledge about different aspects of trading.
The broker provides an introduction to trading to newcomers to help them get acquainted with the market. It also provides them guidance regarding fundamental and technical analysis and how to create a trading plan. They also provide tips to traders about risk management so they can control their losses and earn as much as possible.
- A secure trading environment
One of the biggest features that have helped PrimeCapitec boost its popularity is its secure trading environment. Knowing what risks exist in the trading market, the broker has opted to comply with KYC (Know Your Customer) and AML (Anti-Money Laundering) policies. Their aim is to make sure that no cybercriminal or shady individual can sign up on their platform with the purpose of accessing their network to identify any weaknesses. Similarly, AML is aimed at preventing any illegal activities and to ensure that people can trade with peace of mind.
Final Thoughts
If you have any additional doubts, you can check the account choices offered by PrimeCapitec. They will show you that the broker is ready to accommodate everyone to help them start their trading activities. They also provide the best trading conditions and have kept the registration process easy for everyone. To add to the appeal, the broker offers reliable and round-the-clock customer support to aid their clients, making them a strong broker for profitable trading.