Migotrade Review – Is Migotrade a Recommended Broker?

Migotrade Review

If you have been giving some thought to starting your trading career, you need to ensure that you can make the most of it. Trading may seem straightforward to many, but you have to bear in mind that your success in trading depends on several factors. Sure, luck might help you in some trades, but it is not always going to work and you cannot rely on luck alone if you want to make a career out of it. Every trader requires knowledge and skills, but they also need access to the latest tools and a good platform to achieve the success they want. They can find this with a good and reliable trading broker.

The number of online brokers in the market has gone up significantly in the last decade, but quantity doesn’t promise quality. This is something that every trader needs to remember when they are on the lookout for a broker. Not every broker you find in the market is someone you can use. Even if they are legitimate, they may not offer all the services you require. After all, some brokers provide their services to a specific category of traders like professional or expert traders. When you are looking for a broker, you have to do your homework in order to find one that can make trading easy for you.

Migotrade Review

The right broker can actually help you discover your true trading potential because they don’t bog you down in complexities and assist you at every stage of trading. One of the brokers that fit this criteria is Migotrade, a Contracts for Difference (CFDs) broker that is licensed by the Markets in Financial Instruments Directive (MIFID II) and based in St. Vincent and the Grenadines. They are a transparent and competitive broker that have created an optimal trading environment for their clients. How? Let’s take a look:

Migotrade’s Registration Process

If you have done any research into brokers, you will know that most traders complain about lengthy and complicated registration procedures that involve unnecessary steps. This can result in missed opportunities for traders and this can be incredibly frustrating. Migotrade has done the opposite, as their registration procedure is very simple and straightforward. You can sign up with them for free and they have only a short form on their homepage that you have to fill out.

The form asks you to provide some basic information, such as your first name, last name, email address, password and your phone number. You also have to choose your account currency and Migotrade gives you three options to choose from; EUR, GBP and USD. The last step is to agree to the broker’s Terms and Conditions, which they have highlighted clearly on their website. You can go over them before you finalize your registration. As soon as you are done, your registration is complete and you can open your account with the broker.

Migotrade’ Security Features

When you register with a broker, you obviously share your personal information with them. Sharing your information with anyone on the internet is risky, considering the increasing number of cyber breaches that are happening. It is a given that you would be worried about its security. Likewise, you also have to trust them with your money and this is another concern. The best way to mitigate your fears is by assessing their security features. Migotrade has been proactive in this regard because they comply with the rules set forth by MIFID II.

They protect your funds by keeping segregated accounts for their clients with the top banks. The money is only used for traders’ trading activities and not for the broker’s own obligations. No one is authorized to access these funds. For protecting your data, they have opted for high-end SSL (Secure Socket Layer) encryption to prevent outsiders from accessing your information to misuse it in any way. Migotrade also complies with AML (Anti-Money Laundering) and KYC (Know Your Customer) security policies to give peace of mind to their traders.

Migtotrade’s Asset Index

The registration process may be easy and security impressive, but none of it will be useful if the broker doesn’t have the assets you wish to trade. Luckily, Migotrade gives its clients access to a multitude of trading instruments that are spread over different asset categories, which ensures that every trader can find something to trade with them. You can trade forex currency pairs, including EUR/USD, AUD/CAD, GBP/JPY, USD/RUB and plenty more. There are indices like DOW Jones and S&P500 available. You can trade a horde of commodities that include precious metals, energies and agricultural products.

Traders will also have access to the stock market, comprising of stock CFDs of some of the world’s largest companies. Migotrade has also made sure that its clients can try their luck in the volatile cryptocurrency market with options, such as Bitcoin, Litecoin and Ethereum available. With these many options at their disposal, traders can easily diversify their trading portfolio and minimize their risks.

Migotrade’s Trading Platform

To ensure that their clients don’t have to worry about a complex trading platform, Migotrade has made an effort to provide them with a user-friendly software that’s can be navigated with ease. Whether you are a beginner or a professional trader, you can use their trading platform without any hassle. It is powered by cutting-edge technology and delivers quick trade execution, along with one-click trading. Tools like economic calendar and different order types are also available. The broker has also kept up with modern trading trends by providing mobile trading options. These can be found for both iOS and Android and can allow traders to enjoy trading on the go, hence letting them take advantage of even the smallest opportunity.

Final Thoughts

Along with these features, Migotrade has also added educational resources for their clients’ guidance. They have ensured that every single trader can access customer support options in case they require help or have questions. They have impressive spreads and leverages that allow for competitive trading, making them a good choice for every trader.