Onyx Trade Group Review
The financial markets are rife with opportunities and this fact is quite well-known. However, they have been attracting a great deal of traffic these days because of the tough economic conditions, as well as the ease of access now associated with them. There is no doubt that trading has become simple and is also very profitable, but it is vital to remember that having a good broker can have a significant impact on the outcome. There is a sea of brokers in the market and Onyx Trade Group is one of them, but this doesn’t mean that you sign up with them right off. You need to take a close look at them and this is exactly what this Onyx Trade Group review is about.
Specializing in forex and CFD trading, Onyx Trade Group is based in the United Kingdom. It was founded by Lencher ExPro LLC, a company based in St. Vincent and the Grenadines. It has gained popularity quickly and is offering its services to traders around the globe, but that is no guarantee that it will be able to fulfill your needs as well. Therefore, it is best to take a close look before you make up your mind. Let’s get started:
Asset Index
The most important offering of a broker is their asset index, which comprises of the instruments they offer for trading. As the profits you make depend on these instruments, you should know what is being offered to you. You can trade in different financial markets via Onyx Trade Group and they have put together a wide range of instruments that will help you in diversifying your portfolio. You can find forex currency pairs, along with CFDs on stocks, commodities, indices and even cryptocurrencies. With such a rich offering, you will be able to achieve your financial goals.
Trading Platform
If there is one offering of a broker that can have a massive impact on your trading experience, it is the trading platform they offer. This refers to the trading software you will use for executing your trades and it can vary from company to company. Some offer an existing platform, while others may choose to develop their own. You will discover that Onyx Trade Group falls in the former category, as they offer their clients the MetaTrader 4 (MT4) trading platform. This is recognized as one of the leading trading platforms in the market due to its features and performance.
One of the best things about Onyx Trade Group is that they have added the different versions of the MT4 to their offerings, thereby ensuring that their clients can use the one they are comfortable with. If you prefer not to download anything, the WebTrader is the right option for you. In case you like trading on the move, you can download the MT4 mobile apps available for both Android and iOS. But, if you want the ultimate trading experience, you can download the MT4 desktop client, which is a powerful and intuitive solution for your trading needs and equipped with all the necessary tools. You can enjoy fast trade execution, along with technical indicators, automated trading, advanced charts and more.
Account Sign up and Options
You will be required to open an account with a broker to use their services, but the process can vary from platform to platform. The good news is that Onyx Trade Group has kept their process simple and quick for everyone. You just fill out a form on their website and get registered. As for accounts, they first give you the option of opening a demo account and once you are satisfied, you can opt for a Real account that requires a deposit. An Islamic account is also offered, in case you are a Muslim trader.
Final Thoughts
Excellent customer support, zero commissions and a safe trading environment are also some of the offerings of Onyx Trade Group that make it a worthy option.
