To start a trading career in today’s world, you have to find a broker first. The broker provides you with all the tools and platforms that you need to trade in various financial markets. If you don’t know, you can trade in many different types of financial markets from one platform and the comfort of your home. 10-Capital is one of the online brokers that provide you with all the needed tools, signals, indicators, etc. A recent trend shows that a lot of new traders are considering 10-Capital as their favorite broker. In this review, you are going to see six reasons why these traders love 10-Capital and why you should be on its platform too.
The Six Reasons to Pick 10-Capital as Your Next Broker
1. It Caters to the Needs of New and Experienced Traders
One of the things you will find common in the best online brokers of the world is that they have the perfect system for new and old traders. Some brokers are only good for new traders whereas some focus solely on the experienced traders. However, it can be quite discomforting to move from one platform and broker to another just because you have progressed as a trader. Your broker should be able to cater to your needs from the first day of your trading to the day when you start calling yourself a professional trader. That’s what you can expect and get from 10-Capital.
This broker has done everything that it can to make its platform and account features fit the needs of new and experienced traders. First, you want to look at the account types and the requirements associated with them. It is a common issue with many brokers that they make things difficult for new traders when it comes to opening an account. Their minimum deposit requirements are so high that new traders cannot imagine opening an account with the broker. Some other brokers have such small loyalty bonuses and features that an experienced trader does not find value in joining them.
10-Capital works with six different accounts types with each account directed at a different type of broker. If you are new to trading, you can pick an account from the basic and silver accounts. These are the most basic account types with very small initial deposit requirements. If you are an advanced trader, you can pick either the gold or the platinum account. These accounts are for traders who don’t think they are beginners or complete experts. However, if you think you have become a professional trader after years of trading, you have the Diamond and the Milllioner Club accounts to choose from.
You can see that there is something for everyone. You just need to have the passion to learn and start trading in the financial markets. You don’t have to break the bank just to meet the initial deposit requirements of the broker.
2. It Is Transparent and Fair
How can you ever think about joining a broker who is not fair and transparent? As disappointing as it may sound, there are many brokers who might not be the best teams for you to work with. They are either not transparent with their financial handlings or they are complete frauds who would run away with your money. In the case of 10-Capital, you will notice that this broker is clear about everything. Most of the information that you need as a trader is already there on the website. Even when it comes to commissions and fees associated with deposits and withdrawals, you will find all the information on the website.
More importantly, you have all the information about your security available on the website. Are you wondering how the broker will take care of the personal and banking information you have to provide while signing up? You will be glad to find out about the 256-bit encryption protocols from the broker to secure every bit of information and data that you enter on the website. As soon as you enter the data, it gets converted into a format that only the authorized parties can reach. Once you are clear on the information side, you want to inquire about the safety of your funds.
This is another area where 10-Capital will not disappoint you. It has vowed to take care of your funds in all the possible ways. The biggest step that the broker has taken is the segregation of the company and traders’ accounts. Many traders faced issues in the past about their funds because the broker had mixed their money with the company’s own money. On the other hand, 10-Capital takes pride in the fact that it has a separate account where all the money of the traders is deposited and maintained.
3. It Has Created the Best Trading Conditions
Believe it or not, you will not grow as a trader if your broker is not sincere and honest with you. It does not matter how good your trading skills are, you will not benefit from your trades if your brokers does not want you to. How can a broker damage your profits? The process is very simple and integrated into the system. A broker has two ways in which it can make its money from your trades. One method is of spreads and the other one is of commissions. A spread is the price difference when you sell an asset versus when you purchase it on the broker’s platform.
On the other hand, the commission method means that the broker will take some percentage of the volume of your every trade. Both these methods have their pros and cons. However, things start to fall apart for the traders when the broker is excessively interested in making money for itself. If your broker is honest with you, it will let you benefit the most from the trades you enter. The first thing you want to look at is the size of the spread. Tight spreads mean that your broker will make less money on your trades and a bigger portion of the profits will go in your pocket.
In a similar way, you have to see how much the commission is that your broker is going to take away from your trades. The commission your broker charges you is often in the form of a percentage. Imagine if your broker takes 10% of your trading volume. It would mean that the broker will take $100 for every trade that costs you $1000.That’s too much money for the broker. Not to mention, this chunk is going to go away from your earnings. 10-Capital has the most competitive spreads in the industry and commissions that you can easily afford.
4. It Gives You a Lot of Training for Free
One of the ways for brokers to attract new traders is by offering education. Education means that the broker will provide you with all the resources that will help you learn how to trade various financial assets. In this training, you also learn about the basic strategies of trading and a lot about the trading world that is not known to the new traders. You will notice that in most cases the broker lets you access this basic training when you sign up with it. You have to open an account and deposit funds in that account to read or watch the training material.
You don’t necessarily have to do that when you open your account with 10-Capital. Yes, you do go access to the training material after signing up and activating your account, but there is much more on the website that you cannot ignore. When you open your basic account, you are given only partial access to training. However, as soon as you land on the website, you will see that there is a lot of information available there. There is a huge glossary of trading terms and lots of basic trading strategies mentioned right on the website. This content is available to you for free.
5. It Gives You Bonuses
The best way to compare the many online brokers is to compare the account types and their features. You will often see all the features being offered by the broker in the table of account types. Loyalty points are quite common with most online brokers. However, not everyone who signs up with the broker gets access to the loyalty points. It has to be kept in mind that loyalty points are bonuses in the form of credits that are sent to your account for your activity on the website. The more active you are on the platform and with your trades, the more loyalty points you will collect.
With most of the brokers, you will notice that they offer loyalty points to their best account holders. As a newcomer, you might be given a small welcome bonus, but that’s about it. On the other hand, when you sign up with an expensive account, you are given loyalty points for your trades. Some brokers will even let you cash out the bonus points you collect whereas others require you to use them on your trades. 10-Capital is one of the very few online brokers that are willing to give loyalty points to even the most basic account holders.
Even when you have only a basic account with 10-Capital, you will earn 10% loyalty points on your trades. Sign up with the silver account and you will get a 20% loyalty bonus. This bonus is even bigger for advanced and pro accounts. Millioner account gives you 100% loyalty bonus.
6. It Takes Care of You When You Are in Need
A common complaint that many traders have with their brokers is that the company does not respond to them quickly when they are in need. Sometimes, all a trader can do is send an email to the company and wait for an indefinite amount of time for a response. Such a setup can be extremely annoying and frustrating for a trader who needs help on an urgent basis. To keep its traders from suffering from such frustration, 10-Capital has provided many points of contacts to them.
If you are a trader who always prefers to talk to a human, you will use the three phone numbers given on the website. As soon as you call on any of the phone numbers, a human representative will listen to you and resolve your issue as professionally as possible. In addition to that, you have company’s representatives serving you on the website as well. On the website, you will see the live chat feature. It is a feature that allows you to start a conversation with a representative from the company right after landing on the website. The experience is like chatting on any other famous instant messaging app.
You have to be sure that you are trying to get in touch with the company during the working hours of the customer support team. The customer support team will answer your questions 24 hours for five days in a week. The conventional methods of sending your concerns to the company are not missing either. If you prefer emails, you can use the email address on the website. You also have a form on the website wherein you can enter the details of your issue and send it to the company instantly.
Within the six reasons mentioned above, you can find all the features that serve as benefits to the traders. Choosing a broker can be quite a challenge for today’s traders because of how many options they have. Every honest broker is doing its best to bring the best features to the traders. However, there are only a few who understand exactly what their traders want, and 10-Capital is definitely one of those. What you are going to love is that all the information given above is also available on 10-Capital website. It won’t be wrong to call it one of the fairest and trader-caring online brokers today.