Trader.Online Forex broker review:
Picking the right online brokerage firm is a tedious task. Settling on the best option for you means weighing all the factors, which vary from broker to broker. In this review we are going to take a closer look at Trader.Online and all the features provided by this Forex broker.
About Trader.Online Review
Trader.Online is a newly established Forex broker which promises to offer a seamless trading experience to traders of all levels. The website provides all that you need to become an expert in the forex industry – a user-friendly trading platform, and many informative articles. This review focuses about the different features and services offered by Trader.Online – Account Types, Tradable instruments, Learning Academy & an unparalleled customer support service, aims at satisfying customer needs.
Account Types
Trader.Online offer traders 3 main types of accounts. Find the different accounts & the benefits for each type below:
Free Reports:
Trading platform & Assets
The website claims to offer services in Forex pairs, commodities, futures, stocks of huge companies and cryptocurrencies. Over 200 assets can be found on the trading platform and can be traded whenever they are made available on the website. Some examples of assets that can be traded on the website are EUR/USD, GBP/USD, USD/CHF, Crude, Oil, S&P Future, NASDAQ Future, HSBC, Rolls Royce, Volkswagen, Bitcoin, Ethereum, Dash.
The trading platform offers traders with two kinds of tools – Forex and Simplex. Both tools have different properties and operate differently when placing transactions.
For instance, if a trader opts for the Forex tool, he or she will be able to see the live chart of the asset chosen on the first half of the page (see image below). To start trading, the trader needs to select the asset and a box will appear, allowing him/her to choose the quantity, Take Profit, Stop Loss, and click on BUY or SELL to trade. Trades can be monitored in the “Open Positions” section. Thus, trades take place in only a few clicks on the platform.
Similarly, for the Simplex tool, traders need to click on the asset they want to trade, click on “Up” or “Down,” select the investment amount, set risk sensitivity, choose Take Profit and Stop Loss. The last step is to click on invest. In this case also, the transactions are done in a simple and faster way.
Other features that can be found on the trading platform is the “Live News” section which keeps traders updated about changes in the trends of particular assets and enhance the trading experience of traders. This can help traders understand how a particular asset is performing on the market, thus impacting other currency pairs or any other assets.
Other features
Another feature offered by Trader.Online is its daily financial news and videos that can be accessed through its “Trader Insight” section. The daily news keeps traders informed about the latest news or event impacting global assets. It also provides a short analysis of an asset’s trend on a daily basis. Short videos found on the right-hand corner of the page consists of market news, trading tips and Tactics & Analysis.
A weekly Economic Calendar is also found on the website – this aims to keep clients updated about major events taking place on the global market. Traders can click on the event to read more about its impact on assets. Some of the major events that cause a direct impact on assets include – interest rate decisions by central banks, GDP reports of countries, speeches by bank governors, presidents & Prime Ministers, retail sales, and many more.
The Academy section is another important feature offered by the website. This consists of useful resources to all levels of traders – Beginner, Intermediate & Expert. Traders can learn the basics of forex, technical indicators, forex tips, how to trade forex pairs, risk management and more. Their learning academy can help traders understand the world of forex tradings and the things that they need to avoid if they wish to succeed.
Trader.Online conduct weekly webinars on the most trending topics that could help traders with their trading decisions. If a trader wishes to attend the webinar, she or she needs to have a funded trading account and follow all the procedures as listed in the “Getting Started” guide on the website.
Customer Care
We would rate Trader.Online customer support as 4.5/5 as the broker is available 24/7, something which is very rare compared to other brokers who are available only 24/5. They can b contacted by phone on +44 203 455 4606 or by mail at support@trader.online. Traders can also leave them a message on their website itself through the contact form or social media – Facebook & Twitter.
PROS:
CONS
Conclusion
Above 27,000 people have been actively trading with this broker. One reason for acquiring so many traders in such a short span of time could be because of the simplistic nature of this broker. The features provided by this broker makes it unique from other brokers. Based on the features and services offered by this broker, I would suggest traders to try out Trader.Online if they are looking to enjoy a unique trading experience.
By Taylor Wilman – An independent financial market writer and trader
