Brokers offer online trading platforms at a discounted rate for either maintaining a funded account or for making a specified number of trades in a certain period. The difference between a trader and a broker lies in the fact that a trader makes money based on price fluctuations while a broker earns money by providing intermediary services. This implies that even if a trader loses money to make an expensive purchase or sell cheaply, a broker may still win since he receives a fixed percentage as commission for the transactions irrespective of the losses.
InvestXE, as a trading platform or a broker, has earned much recognition with millions of clients across the world. The platform allows trading of 16000 plus assets that are categorized into six asset classes. From commodity trading to trading the leading cryptocurrencies to coal and cocoa, InvestXE opens the door to over 16000 plus markets all across the world. But how to select the right platform that allows the trading of multiple assets? Read below to know more.
How to Pick a Right Trading Platform Which Offers Trading in Multiple Instruments
Choosing a trading platform that offers trading in multiple instruments helps traders to diversify their portfolios. A multi-asset broker gives numerous opportunities for traders. Instead of sticking to a single asset class and letting lucrative opportunities pass, it is better to switch to a multi-asset broker.
Moreover, tactical asset allocation (a useful strategy to become successful traders) requires access to a wide range of instruments that are only available for trading on a multi-asset platform. Therefore, multi-asset trading platforms are always high in demand. However, selecting the right multi-asset broker requires considering the following important points:
Before choosing a trading platform, it is essential to check the reliability factor; reliability of trade execution and reliability of withdrawals and deposits are the key factors to consider how reliable the platform is.
The next step to check whether you have landed on the right platform is to verify whether the platform is regulated under the apex authorities of a country or not. It is also essential to check whether the platform has proper licenses to offer trading services or not. Traders’ funds are always in safe hands if the broker is licensed because, in case of any mishaps, the broker is bound to pay the dues to the traders if they are licensed.
Commissions and Brokerage Fees
Check the brokerage fees and commissions charged by the platform before selecting the right one. Small brokers often try to lure investors by offering them lower brokerages. Again, some brokers quote lower brokerage fees only for online trading but charge high from traders choosing to register via call centers or relationship managers. Therefore, traders need to check the pricing policies for each trading mode. The best way to check a trading platform’s pricing policy is to register for a demo account and then check the features by virtual trading.
Without a profound customer support team, it becomes difficult for traders to get their queries solved. A robust customer support team backs any suitable platform, and often the popularity of a trading platform is judged by the spontaneity of the customer service team.
Is InvestXE the Right Trading Platform that the Future Reckons?
InvestXE is an emerging online trading platform that allows the trading of multiple assets from cryptocurrencies to foreign exchange to soft commodities, energy commodities, and precious metals. InvestXE keeps the traders well informed about the current market trends and analysis reports. This is probably why InvestXE traders are always one step ahead of traders using other similar platforms. As soon as the market trends change, with rapid fluctuations in commodities’ value, the registered traders get the updated information through their emails.
InvestXE is not the platform exclusively for the elite group, but it is a platform for traders of all levels of experience, whether novice or seasoned. To register on the InvestXE platform, one does not need to have previous trading experience via a broker; that part is taken care of by the platform itself, which is the best thing about InvestXE. It arranges for online trading tutorials for novice traders to educate them about the various trade tactics so that they can reap the benefits of the platform and become successful traders themselves.
Over 100,000 users have already downloaded the InvestXE software on their devices and experienced real-world crypto and commodity trading. But this has not stopped InvestXE from updating the software, and the platform is still making improvements to overcome the few limitations it has.