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If you have spoken to experienced and seasoned traders, they will tell you that one of the most important decisions that can make or break your trading experience is the choice of broker. They have been part of the trading world from the get go; in the traditional world, you had to consult with a broker who would help you in managing your portfolio. The same is true in the online world as well and now you just need an online broker to trade in the financial markets. They are the ones providing you with the software needed for trading, access to the market and the tools and everything else that’s required.
They are your stepping stone into the financial markets and you simply cannot function without a broker. But, there are different categories of brokers that can be found. No two companies are created are created equal and can be distinguished on the basis of their regulatory status, services and features. Like other industries, this one has also had its fair share of scammers and hackers and you would definitely want to steer clear of them. The only problem is that it is easier said than done because it can often be difficult to sort through the hundreds of brokers that exist in the market.
How do you figure out which company you can rely on and which one cannot be trusted with your information or your money? This is where evaluating their services can be helpful, as it offers insight into how capable they are. Obviously, every broker will tout their services and claim to be the best, but if that was the criteria for making your selection, you would have to sign up with everyone. Therefore, you need to do your own evaluation and this also applies to XCGIN. The company is registered in Cyprus, United Kingdom and Australia, which means that it is regulated in all three countries.
The Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) and the Australian Securities and Investment Commission (ASIC) are the three bodies under which the broker is regulated. This ensures that it is a legitimate firm and is obligated to follow the rules and guidelines outlined by these regulatory authorities. It also complies with the Markets in Financial Instruments Directive (MIFID II), which ensures that XCGIN delivers transparent and fair services to all its clients and there is no customer exploitation.
While this is certainly reassuring, you still need to evaluate their services to verify if they can serve you in the best possible way. How do you do that? This can be accomplished by looking at their offerings and assessing them carefully. You can check them out below:
||Five Account Options; Silver, Gold, Platinum, Diamond and VIP. Expected Managed Accounts also available
||Forex, Cryptocurrencies, Stocks, Indices, Commodities and CFDs
||Trading Indicators, Signals, Live Charts, Technical Analysis Tools, Price Alerts, Market Calendar and Risk Management Tools
|Education and Training
||Yes; Glossary, e-books, online video courses, webinars, tutorials, market analysis and sessions with experts.
||24/6 through email, phone number, online contact form and live chat support
||KYC (Know Your Customer) and AML (Anti-Money Laundering) MIFID II (Markets in Financial Instruments Directive
||Cyprus Securities and Exchange Commission (CySEC), Financial Conduct Authority (FCA) and Australian Securities and Investments Commission (ASIC)
XCGIN – The Security Policies
Your evaluation of a broker’s services should always begin with their security policies because these will determine if you should consider their other offerings or not. If the security environment is not up to your expectations, there is no point in going ahead and looking at their assets, platform or any other features. Using their services would be a mistake in such a situation because it will leave you vulnerable to various cybersecurity risks. XCGIN is aware of the security concerns that people have these days and you can check their policies to see how they mitigate these risks.
In addition, XCGIN maintains segregated accounts, which means the company’s own accounts are kept separate and your funds are not used for their operations. They will only be utilized for your daily activities. The brokerage is also a member of the ICF (Investor Compensation Fund) due to its regulation by CySEC, which means that all clients will be compensated if the company has to suspend its services or files for bankruptcy. This gives you peace of mind because you would know that your money would remain safe at all costs.
Since it is a regulated brokerage, XCGIN is also compliant with the international Anti-Money Laundering (AML) and Know-Your-Customer (KYC) policies. Compliance with these policies means that traders have to submit a national ID card, a driver’s license or an international passport for verifying their identity. They also have to provide a copy of their utility bill, such as gas, water or electricity, a credit card bill or a bank statement, showing their full name and address for verifying their residence.
XCGIN – The Trading Software
How does a broker facilitate trading? If you have ever looked into this, then you would know that the trading software provided by them is how you are able to execute your trades in the financial markets. Different types of these solutions exist and it is at the discretion of the broker to decide which one they wish to offer. You need to know what kind of platform to expect because you will be engaging with this feature the most. If it doesn’t function properly or is lacking in features, tools and technology, it will be a setback for you and make trading complex and difficult.
With XCGIN, you will discover that they have developed their own proprietary trading platform for traders and it doesn’t require any form of downloading and installation. This is due to the fact that it is accessible via the web browser, allowing traders to use it on any device that supports one. This kind of flexibility can draw a lot of people in, plus the no-download feature is also a great incentive. To top it off, no compromises have been made in terms of technology either. They have opted to use cutting-edge technology for the platform, which allows 99% trade execution within a minute.
With such quick trade execution, traders don’t have to miss out on any opportunities and can open and close trades within seconds. As far as navigation is concerned, XCGIN has developed an intuitive user-interface, which makes it easy for users to figure out how to use the trading platform. You will be using it like a pro in no time and the dashboard can be fully customized, making it quite versatile. To add to it, they have also added some top-notch trading tools to the mix. These include a market calendar, latest market news, technical and fundamental analysis tools, live charts and graphs, price alerts and trading signals.
These tools can be quite useful for traders because they allow them to make smart trading decisions. Along with this trading platform, XCGIN has also added mobile trading solutions for their clients. There are apps available for download on both iOS and Android mobile devices and they can be downloaded without any hassle. With these apps, you will be able to trade from anywhere and anytime and this will allow you to keep up with all market movements, ensuring you don’t miss any opportunities and can minimize your losses as well.
XCGIN – The Trading Instruments
If the trading platform being offered is up to the mark, it is now time to assess another vital aspect of a broker that can make a big impact on your decision. This is their trading instruments because you want to be able to trade what you are after. It is possible that you have some specific instruments in mind when you decide to trade, or you might want to spread out your capital to make the most of your opportunities. No matter what the situation, you should check to see if the broker you are opting for is offering enough instruments to suit you.
Even if you start out with one or two options, you may want to expand later on and you need to confirm that the broker can accommodate you because switching platforms can be time consuming and annoying. Luckily, XCGIN fits the bill in all situations because they have more than 250 trading instruments on their platform and they belong to some of the most popular global markets. Listed below are a few choices you will find:
Stock Market: If you are interested in trading, you have heard about the stock market. It allows you to trade stocks of some prominent global companies including Apple, Google, Fiat, Volkswagen, Amazon, JPMorgan, Pfizer and Twitter.
Commodities Market: Traders who are looking to make consistent returns and want to balance their portfolios will certainly enjoy the option of commodities. Soft commodities include agricultural products like wheat, coffee, soybeans and rice and hard commodities refer to precious metals like gold, silver, copper and platinum. There are also energies to be traded, such as natural gas and crude oil.
Indices Market: If you are looking at the big picture and want long-term returns, the indices market is right up your alley and XCGIN offers you options like FTSE 100, NASDAQ 100, CAC 40 and S&P 500.
Forex Market: One of the biggest financial markets in the world is the forex market and its daily trading volume is more than $5 trillion. Currency pairs like GBP/USD, AUD/CAD, USD/CHF, EUR/USD and USD/JPY are some of the choices available.
Cryptocurrencies: As digital currencies have become all the rage these days, XCGIN has added them to its offerings and you will be able to trade popular ones like Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Tether, Cardano and ZCash on their platform.
XCGIN – Educational and Customer Support
Other than the features related primarily to trading, you also need to learn about the kind of support a broker can offer to you. This support can actually have a major impact on your trading journey, so it is a good idea to take a look. XCGIN understands that not every trader has the necessary knowledge and skills to make profitable trades. Therefore, they have added a horde of educational resources in different forms, ranging from e-books to tutorials and videos. They also have expert instructors to provide guidance to traders about different aspects of the market.
In case you have any query or require any technical assistance, XCGIN has been thorough in adding customer support channels as well. You will be able to speak to their friendly and helpful representatives in a number of ways, depending on your preference. Their customer support department is available 24/6 for the convenience and ease of their clients. They have given an email address for reaching out, an online contact form and there are various phone numbers for the different offices of the company. Lastly, there is also the option of using their live chat support for getting a quick and efficient solution to your problem.
You can also check their account options and find an array of choices available, combined with convenient payment solutions. Their trading conditions are also upfront and favorable, which allows traders to conclude that XCGIN can turn out to be a solid and dependable choice for your trading journey in the financial markets.