With the number of online brokers constantly surging in the market, many people find it extremely difficult to figure out the right one for their journey. Every platform you come across is making similar promises, offering you the best trading experience with the features and tools you need. But, you have to remember that your priorities may not be the same as the next trader. Therefore, you have to find out some important details about a broker before you sign up. This Onotex review can be extremely useful for you.
Founded by ABAX Inc., Onotex is a forex and CFD brokerage that is based in Saint Vincent and the Grenadines. The brokerage has seen its popularity go up very quickly because of its well-rounded offerings and it is bound to attract your eye as well. Regardless, you have to know some important details about it before you make a decision. Let’s get started:
Trading instruments
The first and most important thing you need to know about any brokerage are the trading instruments it allows you to trade on its platform. Your profitability depends a great deal on these instruments, so knowing the options is always a good thing. You will learn that Onotex is offering its clients a wide range of trading instruments to choose from. Instead of focusing on just one market, they have added instruments from various markets.
Therefore, you will be able to use a single account on Onotex to trade in some of the world’s biggest financial markets. You are free to choose from forex currency pairs, stocks, indices, commodities and the popular cryptocurrencies as well. They have added the top choices from each market to ensure maximum profitability.
Trading platform
As this is the primary tool you use for trading, it is best to know what kind of trading platform you will be provided. You will be pleased to see that Onotex is offering a multi-asset trading platform that does not need to be downloaded or installed anywhere. It is a web-based platform, which means you access it via the browser and the simple user-interface also makes it easy to use for everyone, no matter their background or experience. The cutting-edge technology offers swift trade execution and the powerful trading tools can help you make smart trading decisions.
Trading Accounts
You should also check out the trading accounts that are offered by a brokerage to ensure they can accommodate your trading style, capital and experience. You will find that Onotex offers four account options, which are designed to facilitate different types of traders. Their Silver account is for newbies and beginners who are just getting started, while the Gold account works for intermediate traders. The Diamond account is a good choice for advanced traders and the VIP is best for professional and skilled people.
The minimum deposits for these accounts are EUR 500, EUR 2,000, EUR 10,000 and EUR 50,000, respectively. You will also find that each account at Onotex has been equipped with a number of features, such as 1 on 1 training, trading signals, education center, personal account manager and unlimited trading dashboard.
Trading Support
One of the most important things you need to know about a brokerage is regarding their customer support. You do not want to be left without any assistance in case there is a problem because it can result in problems for you. You will come to know that Onotex has been very attentive in this respect, as they offer their clients round the clock customer support.
You can reach out to their team 24/7 and there are several channels available for this purpose. You can send an email, or give them a call. The ‘Contact Us’ section on the Onotex website also has a form you can complete and they will call you back.
Ending Thoughts
With the combination of these offerings, it is evident that Onotex can offer you a comprehensive trading package for your needs.