EcoMarkets Review – Is EcoMarkets Scam or a Proper Broker?

EcoMarkets Review

Have you ever thought about establishing a career in online trading? This opportunity has drawn the attention of millions of people all across the globe because it enables them to trade in different financial markets for earning high returns and do it from the comfort of their home. There are thousands of instruments that can be traded and each has its own profit potential, thereby allowing people to make millions. Having an additional source of income is a major advantage that no one wants to miss out on. But, you should remember that trading does require a bit of effort on your part.

In order to begin trading, even if you are not planning on making it a full-time career, will require some understanding of the financial markets and how they work. If you could make money just by investing, everyone would quit their jobs and just opt for trading. But, you do need to put in some time and effort in order to make the returns you are after and this involves making some important decisions. The first thing that you will have to do is find a brokerage you can use. As they give you access to a trading platform and the tools required during trading, they are of the utmost importance and shouldn’t be chosen lightly.

This is where traders may find things to be a bit challenging because selecting a broker is not as simple as it may appear. As the market appears to be teeming with companies, it has become more difficult than ever to just choose one option. No, it doesn’t bode well to just select the first option that you come across when you begin searching and you have to do some research before you can sort out the various choices. The goal is to find a brokerage that can meet your needs and is a reliable company.

It is crucial to do so because not all of the companies offering their trading services are legitimate and trustworthy. If you dig in deep, you will come to know that there are some scams that also exist, as cybercriminals are taking advantage of the popularity of trading to target people who don’t have a lot of knowledge of the workings of the market. It is not easy to distinguish scam and legitimate brokers on the surface because the former do everything conceivable to come off as reliable. In fact, it is not just newbies who have fallen victim to these tactics, as some veterans have also encountered trouble.

Hence, you have to be aware of the marketing tactics in order to steer clear and look into the reasons to consider a company’s services. One of the names that you will find in your search for a good broker will be EcoMarkets, a cryptocurrency and Contract for Difference (CFD) broker. Some traders may not consider this option because it hasn’t been around for very long and this may create a bit of doubt. However, the fact is that the company is becoming quite well-recognized in the market because of its services. They are offering their services to global traders and are catering to those from different backgrounds, whether they are newcomers or veteran traders.

If you are still wondering, you can check out some of the major reasons to sign up with EcoMarkets. What are they? Read on to find out:

Reason 1: Diversification of portfolio

As stated earlier, there are thousands of instruments that can be traded in the financial markets and their profit potential varies. Some instruments are highly volatile, which means that they are more capable of generating high returns as well as high losses. Likewise, there are some that have low volatility, so they carry less risk, but also provide limited returns. This ensures that there are instruments for traders with all kinds of risk appetites. But, an important thing to remember is that every broker will not offer you access to the same kind of instruments.

Every company has their own asset index and it is your job to check what instruments are available before you sign up. Bear in mind that most of the brokers will claim to offer you lots of variety and the best instruments, but they may not be what you are expecting. After all, everyone has different preferences and risk tolerances, so it is best to check beforehand in order to avoid disappointment. In addition, it is essential to remember that risks are inherent in trading and the best way to minimize them is through portfolio diversification.

Once again, diversification is only possible if the broker you select can provide you access to enough variety of instruments. EcoMarkets fits the bill in every aspect because they are providing their clients with access to some of the biggest financial markets in the world. They have added more than 300 trading instruments to their platform belonging to these markets and they are some of the leading ones in their respective space. This ensures that you can diversify your portfolio as much as you want and also make the returns you expect because the instruments are some of the best ones to be found. The markets that you will find at your disposal are:

Cryptocurrencies: These days, a lot of people are being drawn to the world of online trading primarily because of cryptocurrencies. These digital currencies are quite volatile and are offering massive returns to traders these days. You can trade some of the top cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Monero and DASH.

Forex: While digital currencies have gained popularity, this doesn’t mean that fiat currencies are any less profitable. The forex market is known as the largest financial market in the world because its daily trading volume is more than $5 trillion. There are thousands of currency pairs that can be traded, such as EUR/USD, GBP/USD, USD/JPY, AUD/NZD, EUR/GBP and EUR/RUB.

Stock: Another prominent financial market that’s well-known all of the world is the stock market, where traders can buy and sell shares of different companies. You can invest in some of the biggest companies in the world and earn substantial profits. These firms include Apple, PayPal, Alibaba, VISA, Netflix, BMW, IBM, Microsoft, Google, Amazon and Tesla.

Indices: While the stock market focuses on stocks of individual companies, baskets of stocks can be traded in the indices market, which can be quite lucrative for traders. EcoMarkets provides its clients with access to some of the biggest indices in the world, including FTSE 100, S&P 500, Nikkei 225, CAC 40 and DAX 30.

Commodities: You can diversify your portfolio by opting to invest in the commodities market, which are a much safer and less volatile option with consistent returns. There are different types of commodities that can be found, such as gold, silver and other precious metals, wheat, sugar, rice, coffee and other agricultural products, and natural gas, crude oil and other energies.

Reason 2: A well-designed trading platform

The software used for trade execution is defined as the trading platform and it is one of the most important offerings of any brokerage. A good trading platform is one of the best reasons to choose a company’s trading services because it will ensure that you have a seamless trading experience. If the trading platform doesn’t have the right tools or breaks down and lags frequently, you will find it difficult to trade and may miss out on many opportunities. Similarly, the platform shouldn’t be too complex that you are unable to figure out how to use it.

If you compare some of the brokerages in the market, you will notice that each of them offer a different trading platform to their clients. Not every platform is created equal, which means you have to check out what kind of platform you will be expected to use and whether it can get the job done right or not. As far as EcoMarkets is concerned, you will discover that they have opted to develop their own trading platform for their clients rather than using any existing one. The first thing to know about it is that it is a web trading platform, which means you access it via their website, thereby eliminating the need of download and installation.

This is undoubtedly appealing to some traders because they don’t want to go through the hassle of downloading anything. EcoMarkets has made some efforts to ensure it can provide the kind of experience traders are looking for and that every trader, regardless of their background and experience, can use it easily. Some of the prominent features of the trading platform include:

Flexibility: First things first, it is important to note that since it is a web-based trading platform, you don’t have to use it on a single device. As you need a web browser to access it, you will be able to trade on your PC, laptop and even your mobile devices with ease. It delivers the same performance, no matter which device you use and gives you a great deal of flexibility because you don’t have to be restricted to just one device, as in the case of a downloaded platform.

Advanced Charts: Trading requires a number of tools and EcoMarkets has added advanced charts for assisting its clients. There are different types of charts you can find, which can be used for identifying and tracking patterns and trends in the market that can be used for smart decision making. In fact, traders can make trades directly from the charts.

Intuitive User-Interface: The experience of a user depends greatly on the user-interface of a trading platform and you will discover that EcoMarkets offers a highly intuitive interface to make it easy for every trader to navigate the platform. It eliminates the learning curve and allows traders to start using it right away, without having to deal with any difficulties. The one-click trading feature also makes it easy to execute trades and results can be seen in real time.

Trading Indicators and Price Alerts: Another unique feature that has been incorporated in the trading platform include trading indicators as well as price alerts, both of which can come in handy. Traders will be alerted to changes and movements in the market, allowing them to make timely and prompt decisions for maximizing profits and minimizing losses.

Market News: Keeping up with what’s happening in the market is also necessary in order to make profitable traders, so EcoMarkets ensures that its clients can stay updated with the latest financial news directly on the platform. This saves a lot of time and you don’t have to miss out on anything.

Along with these features and tools, EcoMarkets has also added mobile trading apps for Android and iOS devices because trading on the move has become a popular trend these days. The mobile app is just as powerful yet simple and enables traders to access their trading account from anywhere and everywhere in order to make the most of any movements.

Reason 3: No lengthy paperwork for registration

When you are researching different brokerages, you will come across complaints about time consuming registration and account opening procedures of some companies. There are some that have a lot of paperwork involved, as they ask traders to fill out a number of forms, provide documentation, sign contracts and get approval before they can begin trading. Not only do such steps waste your time, they are quite unnecessary and raise a red flag because this much information shouldn’t be required. A lot of shady companies may ask for extensive information, as their goal may be to sell or misuse it in some way.

Subsequently, you need to be cautious and check what steps are involved in the registration process and when you do, you will find another reason to opt for EcoMarkets. Their registration process is easy and simple and you will be done with it in a few minutes. What more could anyone want? It doesn’t take you longer than 5 to 10 minutes to set up your account, which means you don’t have to worry about any delays in trading. You just need to visit their website, fill out the form provided and you will be registered right away.

There is no other paperwork involved, no approvals and no contracts that have to be signed. There is one only, very short form that you have to fill out. What does the form ask for? EcoMarkets requires their clients to share their first and last name, phone number and country of residence. They need to enter an email address and a password that will be used for logging into their trading account. The next steps involve agreeing to the Terms & Conditions of the broker, which you can find on their website. If you have any doubts, you can read through them before giving your agreement.

You also need to confirm that you are at least 18 or above and choose an account currency that will be used for making your deposits and withdrawals. You will be registered after completing these steps and then you can check out the account options on EcoMarkets in order to choose one that seems suitable to you. There is no registration fee, set up fee or any other hidden charges that you have to pay.

Reason 4: Access to extensive educational resources

Trading is well-known for being highly profitable, but it is essential to understand that luck can only get you so far. People can only succeed in the long run if they learn the ins and outs of trading and are able to make sound and smart decisions. But, where do you learn? It is true that the internet is full of information, but not all of it is reliable, accurate and updated. A lot of people may use it for their trading strategies and end up incurring significant losses and this is something you want to avoid. EcoMarkets has created an Education Center on their website for assisting these traders.

They want to make sure that their clients can acquire the necessary knowledge needed for trading profitably. They have added extensive and in-depth educational resources to help both newcomers and seasoned traders alike in polishing their skills and expanding their knowledge. As the world of online trading evolves continuously, everyone needs to stay updated and know what is happening in the market. EcoMarkets has added learning material that can be used by beginners for learning the basics, while experts can also find information that helps them in improving their strategies.

You will be able to find e-books on a variety of topics, blogs and articles, tutorials and videos, training and courses, along with webinars that are held by experts. Market analysis is also provided, along with a glossary that can be immensely useful. EcoMarkets ensures that its clients can get access to all the assistance and guidance they require during the trading process.

Reason 5: Top-notch security policies

With the number of cybercrimes on the rise, it is vital for traders to prioritize a broker that can provide them a safe trading environment and mitigate the security risks. Legitimate and reliable companies do not take these problems lightly and are very proactive when it comes to security. EcoMarkets falls into the same category because they have implemented security policies for protecting the funds and information of their clients. Both of these can be targeted by cybercriminals and need to be protected as much as possible.

You will find out that EcoMarkets uses advanced encryption technology for keeping all confidential and sensitive data safe. As it is encrypted, it will be of no use to any third-party or unauthorized individual, even if they were able to gain access to it. You can also read through their Privacy Policy to know how and where your information is used. Furthermore, the company instructs all its clients to use strong passwords for protecting their accounts and not share them with anyone. For safety of funds, they have opted to maintain segregated accounts.

As the deposits of clients are kept separate, they are not mixed with the company’s own funds, thereby preventing misappropriation. In addition, they will be returned to traders in case EcoMarkets goes bankrupt or shuts down its services for any reason. The funds are deposited with some of the best financial institutions for added security. Most importantly, you will come to know that they are also compliant with AML (Anti-Money Laundering) and KYC (Know-Your-Customer) policies. These are used for verifying the identity and address of anyone who creates an account with the broker.

It is a way of deterring cybercriminals from EcoMarkets because they will not be able to provide the proof needed for verification purposes. It is an effective tool for preventing identity theft, financial fraud, money laundering and terrorist financing. Identity verification involves submission of any government-authorized form of identity, such as national ID card, passport or a driver’s license. As for address, traders can provide a utility bill, bank statement or a credit card bill. As long as these documents are authentic, you will not have a problem.

These are some of the top reasons for any trader to consider using EcoMarkets for their trading needs. You can also get excellent and prompt customer support, enjoy competitive trading conditions, and have a number of account options to choose from and make your deposits and withdrawals without any problems, resulting in a good trading experience.