Regardless of what you are looking for, doing your homework is a must. This can save you from wasting your time and money and ensure that you can get what you are looking for. The same is applicable when you are searching for an online broker to start trading in the financial markets. Every company makes some very tall promises and it is easy to fall for them, only to regret it later. Rather than doing so, you can do your homework and choose the right one from the get go. You can use this Mainrow review to do so because it can help you in evaluating the features of this particular forex and CFD broker and help you make the right decision.
Ready to begin? Let’s evaluate the brokerage’s features:
Their asset offerings
When you begin your evaluation of any broker, you should always start with their asset offerings because the profits you make will depend significantly on what you can trade. The financial markets are overflowing with trading instruments, but not all of them can offer you the same level of profits or carry the same risks. Therefore, you need to ensure that the instruments available are what you want to trade. This is where Mainrow appears to be a great option because they offer their clients quite a huge variety to choose from.
A look at the asset offerings at Mainrow will show you that you can trade in some of the biggest financial markets in the world. You can choose instruments from the forex, stock, indices, commodities and cryptocurrency market on a single platform. This gives you plenty of opportunities to diversify your portfolio, which is how trading risks can be minimized and returns increased.
Their security measures
Your evaluation of a broker will never be complete without taking their security measures into account. After all, cybersecurity is a major element to address when you trade online and Mainrow has certainly not taken it lightly. They have implemented top-notch security measures to deal with the risks involved, including safety of your data and your funds.
They accomplish the former through the use of SSL (Secure Socket Layer) encryption, which ensures that only authorized people can access the data. The latter is done through the use of segregation of accounts, which means that all deposits are kept separately and not mixed with the company’s own funds to avoid misappropriation. You will also find Mainrow compliant with the KYC (Know-Your-Customer) and AML (Anti-Money Laundering) security policies.
These are used internationally and complying with these policies means that anyone who opens a trading account at Mainrow will be required to provide documents for proof of identity and proof of residence. This ensures that no fake accounts can be created on the platform and the risk of financial fraud, money laundering, terrorism financing and identity theft are also reduced.
Their trading platform
One of the most important offerings of a broker is their trading platform and you need to evaluate the one that Mainrow offers because your experience depends on it significantly. Luckily, you will find that they have developed a powerful, web trading platform for their clients that uses innovative technology to deliver speedy trade execution to its users. Despite the advanced technology, the platform is easy to navigate for every trader, even if they don’t have any experience.
Furthermore, you will also find that Mainrow has equipped their trading platform with some of the best trading tools in the market. You can use technical indicators, risk management tools like stop loss and take profit orders, market news, live prices, charts and graphs, market analysis and trading signals for making profitable and timely decisions.
Final Thoughts
Along with the evaluation of these offerings, you will also find 24/5 customer support, facilitating account options and transparent and competitive trading conditions that make Mainrow an excellent brokerage for all kinds of traders.