By Michael Scott
SMM Limited Review
More and more online brokerage companies were founded to meet the growing demand for trading. Although most of them introduced themselves as a top place for carrying out trades, not all are worth joining based on our experience.
We aim to write detailed broker analyses to support your decision-making process. The brand we choose to review today is SMM Limited, whose services and offerings look promising. Without waiting any longer, let’s get right to it to see what we have found about them so far!
Account Plans
The first thing that springs to our mind when we navigate the company’s website is its range of different account types. They are divided into two levels: Basic and Advanced. Each category comes with three options designed to fit the needs of traders at every level.
For instance, Basic is the starter trading account of SMM Limited, which provides users with trading and educational sessions with senior analysts to establish a solid foundation in this field. On top of that, it only requires as little as $250 to qualify for this sort of account. When moving higher, there are Trader and Silver accounts, where you are asked to deploy more cash from $5001 to $15001. In exchange, besides the mentioned educational materials, you can benefit from VIP signals and free withdrawals.
For experienced and expert traders, we suggest opting for one of three solutions in the Advanced section. There aren’t significant differences between offers for Gold and Platinum; the only difference we notice is the expanded number of VIP signals and fee-free withdrawals. Diamond is the most advanced account category, with two more benefits attached, including higher leverages on all the assets and financial advisor services. Of course, the minimum deposit requirement is much higher, up to $500001.
Asset Options
Next, we want to examine the markets SMM Limited makes available to customers. Holding an account here enables accessing various tradable CFD instruments, including forex, commodities, stocks, and cryptocurrencies. Futures trading is also offered for those who are interested. This is a good thing to reduce the risk of your investments by diversifying your portfolio.
Furthermore, clients can buy and sell all asset classes with a single account and from one trading platform. This prevents them from the hassle of registering with another firm.
Web Platform
SMM Limited designs its own trading platform that offers web-based accessibility. This is an advantage when it comes to tracking the performance of the markets on the go. Charting and analysis tools are also included to help them analyze market trends and identify potential opportunities. Another pro of the SMM Limited trading platform is that users can utilize advanced features like leverage trading.
Data Security
When discussing a trading service provider, we believe that the security techniques it implements matter. This is because when first signing up on a platform, traders are required to provide personal information. As such, this raises questions about whether their sensitive data are protected from unauthorized access.
We appreciate that the SMM Limited broker uses modern encryption and security features. They state that they hire a team of professionals responsible for recognizing suspicious activity and taking appropriate action to safeguard clients.
From everything we have gathered, SMM Limited knows how to handle market requirements well, such as securing users’ data ahead of cyber threats and developing a simple yet powerful platform. This one has proven to be a preferred trading solution for people who intend to start their trading career.