Everyone will tell you that you need the services of a broker if you want to trade online in the financial markets. But, it is only when you start looking that you will discover exactly how daunting this task is, which eventually leads you to this Speedyexchange review. Why? It will not take you long to realize that the sheer number of companies promising you the best possible services will only lead to confusion. If all of them are good and professional brokers, does this mean you open an account with all of them? Definitely not. The takeaway here is that you take everything with a grain of salt.
This means that you don’t just believe everything you read and learn to do your due diligence. A broker may have a solid reputation and cater to hundreds of traders, but this doesn’t mean that it can fulfill your specific needs. Indeed, every trader is different and their requirements and expectations are unique. So, what may be important to you may not matter to someone else. For instance, some traders prefer to choose a broker that specializes in a specific market and are willing to pay higher fees for their services.
Likewise, others may find customer support very vital and may not be ready to opt for a broker that does not prioritize its clients. You should note that the broker you decide to open an account with will have a big impact on the profits you make. Yes, your skills, knowledge and experience matter, but so does the company you trust for providing you the necessary services. Thus, you cannot afford to make a mistake here and it is only by doing your due diligence that you can avoid any blunders. Reading reviews of a broker can give you the insight you need.
You can do this with Speedyexchange, one of the brokers that you will find in your search for reliable and dependable brokers. It was introduced by a trading platform, based in UK and has become a renowned platform very quickly. This will undoubtedly be intriguing because it is not a small achievement, considering how much competition there is in the market. So, what does it offer that has helped it in reaching the top? Some of the questions and answers that can help you understand are highlighted below:
|Trading Accounts||Four Account Types; Classic, Silver, Gold and VIP|
|Assets Coverage||Forex currency pairs, Stocks, Cryptocurrencies, Indices and Commodities|
|Trading Tools||Trading Indicators, Trading Calendar, Calculator, Signals, Live Charts, Technical Analysis Tools and Reports, Price Alerts, Market Research, Economic Calendar, Financial News, Live Market Summary, Daily Chart Analysis and Risk Management Tools|
|Education and Training||Yes; e-books, online interactive courses, webinars, seminars, tutorials, in-depth research and glossary.|
|Customer Support||24/7 support via email address, phone number and online contact form. An FAQ section is also available.|
|Security Policy||KYC (Know Your Customer) and AML (Anti-Money Laundering)|
What assets does it provide?
The next important question that you have to ask about any broker is regarding the assets they offer. There are hundreds of thousands of trading instruments you can trade in the financial markets, but not all of them can offer the same profits, or have the same risks. While no company will offer you access to every single instrument, they can and do offer variety. Yes, some of them may choose to focus on one market alone, but there are those that give you access to multiple ones. You will find that Speedyexchange falls in the latter category because they have more than 160 instruments that belong to various markets.
The best thing about such an extensive number of options is that Speedyexchange makes it easy for traders to diversify their portfolio. Anyone with even a little knowledge about trading would know that it is one of the ideal ways of mitigating your trading risks and maximizing your returns. Another perk that this broker offers is that the instruments you find here are some of the most popular and profitable ones. This works in your favor because you will be able to achieve your financial goals as quickly as possible.
The choices include currency pairs in the foreign exchange market, which has a daily trading volume of more than $5 trillion and gives you lots of opportunities. EUR/GBP, USD/JPY, AUD/CAD, NZD/USD, EUR/USD and GBP/USD are some of the options to check out. If you don’t want to trade these currencies, you can always go with cryptocurrencies that are also available at Speedyexchange because of their high demand. Some of the choices you will find include Bitcoin, Litecoin, Bitcoin Cash, Ethereum and Dogecoin.
The stock market is another space that Speedyexchange lets you access and it also has plenty of opportunities to offer. There are a number of big companies you can go with, such as Apple, Twitter, MasterCard, PayPal, Aurora, Walt Disney, Amazon and Starbucks. In case you prefer baskets of stocks, the indices market is a solid option for you to try out. You can find some of the top indices in the world, such as NASDAQ 100, S&P 500, FTSE 100 and DOW JONES. The commodities market is next, which comprises of instruments that can give you consistent returns with low risk.
You will find some of the most popular commodities at Speedyexchange that include precious metals like gold, silver, copper and platinum and energy commodities like Brent crude oil and natural gas. Agricultural products are soft commodities that you can check out, such as wheat, rice, sugar, corn and coffee.
How can you register?
You should also look into the registration process of a broker to know they don’t have any criteria you need to meet. You will be pleased with Speedyexchange’s procedure because it is relatively simple and doesn’t require you to jump through hoops to open an account with them. It is just one form that has to be completed, barely taking you five minutes to do so. The form doesn’t ask for any such details that should worry you. It requires your first name, last name, phone number, email address and a password, country and an account currency (EUR, USD and GBP).
How can you trade?
It is imperative that you ask this question about every broker that you take into consideration. The trading platform provided to you will significantly affect your chances of success and profits, so it is not something you should ignore. Not all platforms can deliver an optimal trading experience and this can be extremely demotivating. You can avoid all this frustration with Speedyexchange because they have added the best option that exists in the market; the MT4.
If you have done any research into trading platforms, you should be aware that the MetaTrader 4 is recognized as the ideal solution for every trader. This means that whether you are someone who is just starting out, or a professional trader, this software will be the right choice for you. Despite using advanced and sophisticated technology, the platform is not that complex because of its intuitive interface. It can deliver ultra-fast trade execution that allows you to take advantage of the tiniest price movements in the financial markets.
You can use the WebTrader, if you want a platform that can be accessed via the browser and doesn’t need downloading, or you can download MT4’s desktop client. Along with these options, you will discover that Speedyexchange also gives you the option of using MT4 mobile apps that are available for Android as well as iOS devices. These apps help you in enjoying flexibility when it comes to trading. No matter which version you decide to use, the features and tools remain consistent.
There are technical and fundamental analysis tools that can come in handy, and you can also use the technical indicators for making well-informed decisions. Speedyexchange also allows you to use EAs (Expert Advisors) for automated trading and they can be customized as per your preference. Other tools include trading signals and push alerts and you can go with risk management tools like different transaction and order types.
What kind of support is provided?
A lot of traders are more focused on the other aspects of the broker and don’t really give customer support much attention because it doesn’t affect the trading process directly. However, you shouldn’t forget that in case there is a problem, you will need support to get through it and resume your trading activities. If it is not available, you can get stuck and not be able to tap into the opportunities that spring up. Understanding the need for customer support, different channels have been added by Speedyexchange that can be used by its clients for reaching out.
You can go to the Speedyexchange website and open the Contact Us page that can be found easily. Here, you are given an online contact form that you can complete and it will enable you to schedule a callback from their customer support team. You will also find a phone number as well as an email address provided here, which can be used for reaching out to their support team 24/7. They offer one-on-one training and assistance on-demand for your ease.
The Speedyexchange Website also boasts an FAQ section, which is dedicated to providing answers to common questions that traders have when they are using a broker’s services. They have also made an effort to add a lot of educational resources that traders can find useful. This is to help them in improving their skills and knowledge, which can result in profitable trading. These resources are available in different forms, such as webinars, online tutorials and videos, e-books, articles and more.
What is the Verdict?
Along with these answers, you will also come to know that Speedyexchange prioritizes the peace of mind of its clients by providing them with a secure trading environment. They protect all client information and funds and they have also added different account options to cater to everyone who wants to trade. Their funding methods are also diverse and convenient, and when put together, these features and services can lead to the optimal experience you are after.