As a new trader, you are going to have a hard time figuring out how to pick the right online trading platform. There are many features to consider but you want to focus on the ones that are designed just for you. You don’t want to pay for features that you aren’t going to use. After reviewing several online trading platforms, I was finally able to find one that caters specifically to the need of new traders. In this Prestige-Coins review, I’ll tell you how and why this broker is suitable for new traders.
Easy Signup with a Small Deposit
Most of the brokers I have researched usually have a big upfront cost. However, if you are on a budget, you might not be able to invest $10,000 right away. Well, when it comes to signing up with this broker, you don’t have to spend such a big amount. You can get started with as little as $250, which is probably one of the smallest initial deposit that I have seen any broker accepting from its traders. What I really like about this company is that it does not make things difficult for you even if you want to go with an advanced trading account.
So, based on my research and reviews of other platforms, I can tell you with surety that there are some that would require you to give them up to $1,000,000 upfront to open an expert or pro-level account. On the other hand, Prestige-Coins is offering the opportunity to sign up with its Luxury Zone account, which is the most expensive account from this broker, with just $25,000.
Negative Balance Protection for All
There is no doubt that trading involves taking risks. When you are new to trading, you don’t really know how you can manage risks. You are focusing a lot on making profits without realizing that reducing your losses already means that you will be profitable. However, when you trade in the beginning and end up with a few losing trades, you can end up with negative balance. What it means is that now you owe money to the broker. Unless you deposit that amount in the account, you can’t continue trading. However, there is no such thing as negative balance when you choose to sign up with the best platforms.
In this particular, you have Prestige-Coins allowing you to sign up with and enjoy the benefits of negative balance protection no matter which account you sign up with. What this means is that you will never see your account in negative no matter what. The best part is that you have this feature available even if you go with the basic account. With most other brokers, I have noticed that they only offer you this option if you sign up with one of the most expensive accounts on their lists of trading account types.
Trading Signals and Account Manager
Another thing that really adds to the experience and convenience of new traders is the availability of many trading tools. How many trading tools do you have available when you are on this platform? I can tell you that there are dozens of tools in your access and they help you with different types of things. For example, you will have trading signals that will be sent to you directly on your trading account. Whether you should buy an asset or sell it in the market is the information you get from trading signals. Furthermore, you will also be able to get help from dedicated account managers when you sign up with Prestige-Coins.
Final Thoughts
I have done my best to keep my focus on only the features that I think contribute to the experience of a new trader. I am sure you must have gotten a basic idea of how this platform is going to prove to be a great place for you to start your trading career.