Migotrade Review – Is this Broker the Right Fit?

Migotrade Review

With the current economic situation, a lot of people are in a financial fix and are looking for ways to earn money. Even before that, there was plenty of competition in the market and people were having problems with jobs. Therefore, it isn’t surprising to know that there has been an increase in traffic in the trading markets. The financial markets provide lucrative opportunities to people for making profits. Thousands of people have become millionaires, thanks to these markets, and they are once again making waves due to cryptocurrencies. This has generated a lot of interest and with the advancement in technology, trading has also become more accessible.

If you want to trade nowadays, you don’t need to have any education, knowledge or skills to get started. Sure, you will need these if you want to survive in the market for long, but they are not a prerequisite. Likewise, you don’t need piles of cash to begin either. The only requirement that needs to be fulfilled is an online broker. You need a broker to start trading and finding one is not too complicated. You can find an online broker the same way you find everything else online; Google search. This simplifies matters, but you should remember that not every broker you come across would be the right fit for you.

Some brokers cater to professional traders only while others are dedicated to beginners. Likewise, there are brokers that only deal in a single asset like cryptocurrency and don’t offer any other options. Thus, you need to make sure that the broker you are choosing is the right fit for you and can provide you with what you need. Migotrade is one of the various options that you will find in the market and on the surface, they look like a good choice. The broker was established by Smart iSolution LLC, a company that’s based in St. Vincent and the Grenadines and has a great track record of serving more than 250,000 clients.

With Migotrade, traders can participate in CFD (Contracts for Difference) trading, which means there is a horde of assets that can be traded and they don’t have to be bought physically. But, do they have the assets you want? What other features do they offer? Check them out;

Assets on Migotrade

The best thing about being a CFD broker is that Migotrade is able to offer a multitude of assets to their clients. These belong to different financial markets, which allow people to grow their portfolio as much as they want. Some of the markets you can trade in are mentioned below:

  • Forex: Migotrade has added the biggest financial markets in the world to its offerings. You can trade major and minor pairs and even some very exotic ones. Some of the pairs you will find are EUR/USD, EUR/GBP, USD/JPY, USD/CHF, GBP/USD, EUR/TRY, AUD/CHF, GBP/JPY, GBP/CAD, USD/RUB and USD/ZAR.
  • Commodities: One of the safest yet profitable assets that you can find are commodities, both hard and soft. These include precious metals like gold, silver, platinum and aluminum, agricultural products like coffee, cocoa, cotton and wheat and natural energies like crude oil.
  • Stocks: You can trade in the oldest market in the world on Migotrade as the broker offers some great options like Amazon, Netflix, PayPal, Aurora, Microsoft, Google and Apple.
  • Indices: If you don’t like to trade individual stocks, the indices market is a good choice, as it is quite lucrative. Options like S&P 500, FTSE 100, DAX 30 and Dow Jones.
  • Cryptocurrency: One prominent option that you can find on Migotrade is cryptocurrency. The broker has added major cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple for their clients.

Trading Platform on Migotrade

It is important to know what trading platform is available to you because it will determine your trading experience with the broker. Migotrade wants to facilitate its clients as much as possible, so they have added the SIRIX suite of trading solutions. This comprises of a desktop solution that you can download and install on your chosen device or you can use the web based solution that allows you to trade through the browser. This means no download or installation needed. If you are looking for a more flexible option, the broker also has mobile trading apps for Android and iOS devices.

With these options, people can enjoy trading on the move and have complete control over their accounts. All of their trading platforms boast state-of-the-art technology, along with some of the best trading tools in the market. Features like one-click trading have also been incorporated by Migotrade for their clients’ convenience.

Security Measures on Migotrade

Perhaps, the most crucial aspect of a brokerage is their stance on security. With cyberattacks on the rise, people have become more conscious about the safety of their information and their money. They have to share these with the broker they sign up with and this can put them at risk. Hence, knowing what sort of security is available can be very reassuring. Migotrade is well-aware of the security concerns and has taken appropriate steps to mitigate them. They maintain segregated account options for their clients, which means their funds are kept in individual accounts with the most secure banks.

No one can gain access to these funds and they can only be used for trading activities. In addition, Migotrade has also made use of top-notch SSL (Secure Socket Layer) encryption for protecting all data that’s shared with them by their clients. This keeps them out of the hands of third parties or cybercriminals. KYC (Know Your Customer) and AML (Anti-Money Laundering) policies are also applicable on the broker’s platform for mitigating risks of financial crimes like money laundering, terrorist activities or identify theft.

Is it the Right Fit?

Migotrade has kept their registration process easy for their clients, are upfront about their policies, have provided reliable customer support and have competitive fees and spreads, making them a good fit for every aspiring trader looking to make a profit.

Summary
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Migotrade
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Author: TheForexPro.info
George Chacon AKA "The Forex Professional" lives in London, England and is a full time trader. George presents to you his abundance of trading tips in his articles. All the knowledge given in his columns are based on comprehensive skills garnered from years of engaging with a variety of trading platforms.

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