Figuring out which online trading service provider is the one that best suits your needs could be a confusing experience. The digital market offers dozens of online trading providers, each of them promises great and huge things to their traders. I’ve been experimenting with a couple of these providers by investing minimal sums of money and interacting with each provider’s features and services. This article will review 23Traders, a three years old online trading provider.
Licensing and Regulation
Licensed and regulated by Vanuatu Financial Services Commission (VFSC), 23Traders is owned by Decimol ltd, which is located in Sofia, Bulgaria.
Virtually every online trading provider boasts about the educational materials it offers its clients. 23Traders makes the same promises and fulfills them. Tutorial videos about the basics of online trading are available for free. Short, insightful and effective, the tutorial videos teach all you need to know before you make your first trade. I recommend going through the glossary, where 23Traders reviews the essential terminology for people who are totally new to this world. The second layer of educational tools lies in the webinars that occur two times a week. The webinars cover many subject matters that are crucial for successful online trading: how to master 23Traders platform, how to choose between taking long, short or medium term positions and how to trade on CFDs and FOREX. I’ve taken a couple of webinars, the tutor had a way of taking complex financial terms and making them understandable. I definitely felt more confident in my trades after participating the webinars. Last but not least is 23Traders reviews of financial and political events that impact financial markets, which is a helpful tool for your decision-making process.
Assets and Financial Instruments
A diverse and varied tradable assets list is a must for any online trading provider. 23Traders offers a comprehensive list of stocks, commodities, indices and currency pairs. The stocks of leading corporations such as Google (Alphabet Inc), Amazon, Apple, Deutsche Bank and many others are available for trade. If you feel more comfortable trading on commodities, you will find opportunities to trade on sugar, gold, crude oil and many others. As far as indices go, the major ones such as S&P 500 and the Dow Jones allow trading on macro level financial developments. Though it’s not my favorite of tradable asset, currency pairs provide a chance to exercise your knowledge in international affairs and global economy.
Choosing an asset to trade on is only half of the story. To make some money you’d have to take a position on that asset. I started with a mild trade by taking call or put positions until I gathered some more confidence, then a new world of financial instruments opened to me: Long, short or medium positions and then moving on to One Touch and Ladder.
After the completion of the registration process, I was assigned with an account manager who skillfully guided me through my trades and was very helpful. 23Traders customer service is available on the phone, I had a problem that was fixed in just one phone call. It seemed like they really cared for my problem.
If you are interested in a reliable online trading provider, I suggest giving 23Traders a go. Their unassuming attitude and helpful team provider a calming trading experience that is also lucrative.