As the financial markets are bubbling with opportunities, it is not surprising that a massive number of people are looking to tap into them. You just require the services of an online broker to do so and there is not a shortage of companies that are more than willing to cater to you. However, doing your research is a must because you don’t want to settle for less than the best and this will bring you to this SagaTrade review. What better way to learn about a company than checking its review? It provides you a comprehensive look at their services, so you can make a quick decision. Let’s check it out:
The Asset Index
The obvious place to begin looking at a broker is their asset index. If they don’t offer what you want to trade, you can just toss them in the discard pile. Doing so with SagaTrade is highly unlikely because their asset index is a rather impressive one. It is quite extensive and covers some of the most prominent financial markets, thereby ensuring that you will find something that interests you. You can choose to trade leading forex currency pairs, try out popular cryptocurrencies, invest in the stock of big companies, go for lucrative indices or balance your portfolio with commodities. All of this can be done via a single account.
The Trading Platform
The feature that you will use the most when you are trading is the trading platform that a broker offers. This is the software used for executing trades, so it has a major impact on your performance. The fact that SagaTrade is offering the MT4 and the MT5 trading platforms to its clientele is undoubtedly worth noting. The MetaTrader platforms are considered the gold standard in the market for their top-notch technology and trading tools.
You can choose to use the desktop client, or SagaTrade also gives you the option of using their WebTrader. Mobile trading apps are also available for those who enjoy trading on the go. There is no shortage of trading tools, such as an economic calendar, live charts, latest market news, price alerts and risk management tools.
The Security Infrastructure
No matter how appealing the asset index is, or how powerful the trading platform, if the broker is unsecure, you cannot rely on their services. This is another area where SagaTrade has not made any compromises because their security infrastructure is very robust. They understand the importance of keeping your funds and your information safe and have done a great job in this regard. Your funds remain safe in segregated accounts and there is no misappropriation.
As far as your data is concerned, advanced SSL (Secure Socket Layer) encryption is used by SagaTrade for protecting it from any prying eyes. They also comply with rules of the AML (Anti-Money Laundering) and KYC (Know-Your-Customer) policies, which can keep the risk of financial fraud, identity theft and money laundering low.
The Account Types
Opening an account is part of using a broker’s services, but the types available vary from platform to platform. With seven account types, you will find that SagaTrade is very accommodating and welcomes traders from all backgrounds. No matter what your experience or skill level, there is an account type for you. The choices are Bronze, Silver, Gold, Platinum, Diamond, Premium and VIP and each has been equipped with different features.
As far as minimum deposit is concerned, it starts at €10,000 for Bronze and increases to €25,000, €50,000, €100,000, €250,000, €500,000 and €1,000,000, respectively. Account features that you will find include risk free trades, webinar access, personal assistant, social trading, market reviews, trading specialist and exclusive market updates. You will also find that SagaTrade has added Islamic account options for catering to Muslim traders on their platform.
A quick registration process, extensive educational resources and top-notch customer support make SagaTrade one of the best brokers for online trading needs.