By Franklin Smith
Roicraft Review
Even if you have no financial background, there is a strong possibility that you have heard of the world of trading. Who hasn’t come across people discussing the stock market or news about the forex market?
These are very hot topics and you have probably heard about lots of billionaires and wealthy individuals who made their fortunes in the financial market. For a long time, these markets were not for everyone and the only way you could make your way into this space was if you wanted a full-time career in it. But, things have changed a great deal in the last few decades.
Nowadays, keeping the economic conditions in mind and the greater desire of people to achieve financial security and independence, people have begun to look for ways they can reach their goal quickly and efficiently. If you do some research into it, you will come to know that online trading is a popular recommendation.
To put it simply, online trading is the a technologically advanced version of traditional financial market trading and the beauty of it is that it comes with a lot less restrictions and barriers to entry than its traditional counterpart.
Hence, it is not surprising to discover that online trading has become a worldwide trend and even those who couldn’t have thought about doing it, have now become active participants in the trading world. You can indulge in online trading without wanting to have a full-fledged career.
It can be a hobby, or a way to supplement your income. There is no need for you to be certified or qualified for trading in order to get started and you don’t need to start off with a huge capital either. Even a small investment would do and you can learn as you go.
Due to these conditions, many people have opted to trade online and the markets are full of thousands of trading instruments that you can invest in. This means that you don’t need to be concerned about running short of opportunities either. But, the important question to ask here is how you will connect to these markets?
An online broker will be your gate and guide because they provide you everything you need to start, much like traditional brokers did in the traditional form of trading. The popularity of online trading means that there are a multitude of companies offering their trading services online.
Nonetheless, this doesn’t mean that you pick the first option that you go with. It is understood that every company is going to toot their own horn; you won’t find any business, anywhere that admits to not providing the best service.
So, what do you do when you come across hundreds of brokers that all claim to offer you professional trading services? You check their features and opt for the one that offers you the best combination. Sure, it might take a little bit of your time, but it is worth the effort because it saves you from a great deal of stress and losses down the road. Now, let’s take a look on Roicraft, a prime financial service provider.
Feature 1: Security
It is a known fact that the internet has simplified our lives over the years and offers us a ton of benefits that we couldn’t have imagined. But, it is not without its cons and one of them is that it is a hotbed for criminal activity. Cybercrimes are high and there are numerous scams, frauds, hackers and other kinds of cybercriminals that can be found.
You have probably heard about people having their identity stolen and used for illegal activities. Some were left short of money when their hard-earned money was taken away. These are situations you want to avoid, but trading online means you could be susceptible.
The purpose of this encryption is to enable traders to conduct their transactions safely, without worrying about their sensitive data being compromised. They also have credit card safeguards in place to ensure your information is not compromised and identity theft doesn’t happen.
You will find that Roicraft has a True-site identity assurance seal and their IT and security team is constantly checking their website to make sure it is not compromised or can be compromised in any way. They also require traders to verify their accounts before they are allowed to make any transactions.
This aims to reduce the possibility of letting hackers and other malicious actors in gaining access to the platform. Verification procedures involve providing identity and residence proof through the submission of documents. You have to submit a valid passport to Roicraft that has an expiration date and ensure that it clearly displays your full name and date of birth, the same as you provide at the time of signing up.
For residence verification, any utility bill, whether it is phone, water or electricity, a bank statement or any other document showing your name and address should be submitted. In addition, none of the documents you submit should be more than six months old.
As far as monetary security is concerned, Roicraft has opted to use segregated accounts for their clients. This means that all deposits made by traders are kept in individual accounts and are never mixed with the company’s own funds. They are only used for trading activities and not to pay off any of the company’s obligations.
Feature 2: Trading Products
How much you earn via trading and the amount of risk involved can vary according to the trading instruments you decide to trade. It is important to bear in mind that not every broker will give you the same options to choose from.
Even two forex brokers may have different currency pairs to offer, so it is a good idea to closely check what products are available before you finalize the deal. This is particularly necessary when you want to trade some specific products, or if you want a huge variety. Roicraft, as stated earlier, is a forex and CFD (Contract for Difference) brokerage.
This has enabled them to offer their clients a rather impressive variety of instruments, and you don’t even have to physically purchase any of them. The greatest perk of such variety is that it enables you to indulge in portfolio diversification, one of the best trading strategies because it helps you spread out your risks and mitigate your losses as much as possible. The top trading products that you will be able to trade at Roicraft are:
- Stocks
If you are interested in trading, then you are certainly aware of the stock market. There are millions of people all around the world who have accumulated their wealth in the stock market by investing in some of the top companies in the world. You can opt for Apple, Netflix, Aurora, VISA, Google, Amazon.com, Coca Cola, Pfizer, PayPal and Microsoft, amongst others.
- Commodities
Another traditional category of trading products would be commodities, where you are offered a great range of instruments to choose from and they are known to offer regular and consistent returns. There are soft commodities, which usually include agricultural products like wheat, cocoa, cotton and corn, and there are hard commodities, which refer to precious metals like gold, silver, aluminum and platinum, and even energies like natural gas and crude oil.
- Indices
This market is similar to the stock market, but on a bigger scale. Rather than trading stocks of individual companies, traders get the opportunity of trading stocks of multiple companies in an industry altogether, such as tech, health, banking etc. This makes for a more lucrative form of trading and you can go with some of the best indices like Dow Jones, NASDAQ, S&P 500, Nikkei, DAX and CAC.
- Forex
One of the most well-known markets in the world is none other than the forex market, one that’s recognized for its high trading volumes. There are major and minor currency pairs to be traded, along with some rare ones, all of which provide excellent returns to traders. Some of the currency pairs you can opt for include GBP/USD, USD/JPY, NZD/USD, USD/RUB, EUR/GBP, EUR/USD and AUD/USD.
Feature 3: Web and Mobile Trading
Have you ever thought about why online brokers are a must in order to trade? It is because of their most crucial feature i.e. their trading platform. This is basically the software you use for executing your trades in the market and it provides you with the tools that are required as well.
Not every company will offer you the same platform, so you need to know what kind of option is available because it will have an impact on your trading experience. If the platform is slow and complicated, you will find it difficult to trade and vice versa.
When you are considering Roicraft, you need to know what trading platform has been developed by this company for its clients. There are two options that they have put together in order to facilitate as many traders as possible.
They have a next-generation, innovative web trading platform that enables you to trade online without downloading it on any device. This gives you flexibility because it works on any device with a web browser and is not limited to the one it is downloaded on.
Instead, you can access it simply through the Roicraft website. The user-interface is highly intuitive and designed to ensure that every trader is able to navigate the platform easily. As it uses state-of-the-art trading technology, the tools are also very impressive and you will be able to use them without any hassle.
The tools that are provided include an economic calendar that tells you about the latest events, the latest financial news that helps you in keeping track of trends, interactive and live charts, analysis tools that can assist in decision making and trading signals that come in handy.
Along with this trading platform, Roicraft also understands the needs of modern traders, so it has introduced different platform options for different devices. Therefore, you will find mobile trading solutions also available, both for smartphones and tablets.
These are multi-asset trading apps that take a couple of seconds to download and have been integrated with the top features to improve their functionality. They offer you the chance to take advance of one-click trading and real-time charting and you can receive notifications and alerts about what is happening in the markets.
You can make quick transactions from these apps and they are also quite user-friendly. Roicraft allows you to trade on the move with these mobile solutions, so you can be in full control of your account and not miss out on any opportunity that might show up at any time.
Feature 4: Account Registration and Types
It is understood that when you want to avail any service online, you will first have to register for it and this is not very different in the trading world either. Brokers require you to register with them and open an account, so they can keep track of their clients and help them in managing their portfolio.
Obviously, you want this process to be over with quickly, so you can get down to business and start trading, which is your ultimate goal. Some companies can extend this process, but Roicraft has kept it quick and simple for their clients.
Before you register, they ask you to go through their Privacy Policy, Terms & Conditions, Risk Disclosures, Conflict of Interest and other documents. This is to ensure what you are getting into and don’t get any surprises later on.
After you agree, you can move onto the account opening portion. To start with, Roicraft has introduced a demo account, which can come in handy. The aim of the demo account is to give potential traders the chance to check out their trading platform and see the kind of conditions they will be given.
As far as newbies are concerned, they can use the demo account as a practice account because it doesn’t involve real money. Virtual currency is used, so it can come in handy for practicing your trading strategies and skill until you feel a bit confident enough to open a real account.
When it comes to a real account, you will find four choices provided by Roicraft, each of which have different deposit requirements and conditions involved. Let’s take a look at the names and deposits first:
– Standard account, which opens with a deposit of just $10,000.
– Bronze account, which opens with $25,000 and the Silver account with 50,000.
– Gold account, which has a minimum deposit requirement of $100,000.
– Premium account that can be opened with a sum of $250,000.
– VIP account that needs a deposit of $1,000,000 to be unlocked.
These accounts advance according to the skill level of traders, with the Standard account for newbies and the VIP for professional traders. The trading conditions also vary accordingly, with the first account offering high spreads and the lowest and tightest available in the last one.
Features like online chat support and access to e-books and courses are available in nearly all accounts. There are some, such as personalized trading, signals and trends, webinars and other features that are specific to some accounts.
Feature 5: Payment Methods
After you are aware of the account options and have made up your mind about the account you wish to open, it is time for you to take a look at the payment methods. After all, if you want to open an account with Roicraft or any other broker for that matter, you will be required to fulfill the deposit requirements.
In addition, deposits are necessary for you to be able to start trading. Hence, it is best to look into how you can add your funds. Also, you will want to know how you can withdraw your money in the future as well.
The good thing about this broker is that it has put together a wide range of payment methods for the convenience of its clients. Bear in mind that there are some additions or removal from payment options, depending on the country you are trading from.
You can choose to make your payments on Roicraft through bank wire transfers, a traditional payment option. Debit and credit cards can also be used, including both VISA and MasterCard. Apart from that, they have also added e-wallet solutions, as they have gained a lot of popularity, including Neteller and Skrill, amongst others.
According to the policies of Roicraft, you have to use the same method for deposit and withdrawal both, and all cards or accounts you use should be in the same name as your account on Roicraft. Third-party accounts are not supported due to security reasons.
A prominent benefit you can enjoy is that there are no charges applicable for either deposits or withdrawals by the broker, but third-parties like banks may have transaction fees involved. Deposits are usually processed immediately, but withdrawals can take a little more time, depending on what method you use for it.
Along with these prominent features, you will find that Roicraft has also added top-notch, round the clock support for traders that allows them to get assistance as quickly as possible. They don’t have any complications involved and provide access to educational resources as well, so all traders can start their trading journey the right way and achieve their goals.