The concept of online trading has been around for a couple of decades now, but the past few of them have seen interest in this space reaching new heights. The widespread use of technology and the internet has certainly contributed, as has the awareness and availability of information. The advent and popularity of the crypto market is another element that has played a role and the global coronavirus pandemic appears to have been the final nail needed to push people towards the financial markets. This has resulted in a hefty demand for brokers to facilitate people, but not just any brokers would suffice. Good ones are needed and this is where you should go through this CryptoPayIn review.
As the financial markets have grabbed the attention of people all around the globe and many have already begun to move in the space, the demand for online brokers has also experienced a surge. You will find the markets filled to the brim with companies offering their trading services, but this doesn’t mean that all of them are equal. Similar to other industries, competition is intense here and not every company is able to keep up. But, this doesn’t stop them from making tall claims and false promises.
As a matter of fact, it is extremely easy for companies on the internet to promise you the world, but their actual offerings may differ, or they may simply be not in accordance with your expectations or preference. Hence, it means that you have to do your due diligence in order to ensure you have found the right broker to begin with. You might same some time and effort initially by just randomly signing up with the first company you find, but if they don’t offer you what you want, or their services are not of the quality you expect, it can lead to disastrous consequences.
Not only does it waste your time, as you have to go back to square one, but you may also suffer from monetary losses. You may not be able to withdraw your funds, or due to the inefficiency of the trading platform, or its complexity, you might make the wrong trades. Rather than having to go through all of this, it is better for you to be diligent from the beginning and make the correct choice in the first go. It is not that difficult as it sounds. It is true that there are literally hundreds of brokers in the financial markets, but you don’t have to test each and every one of them.
The best approach for you is to assess the offerings of a broker because this will tell you whether their services are what you need. For instance, if they don’t offer the instruments you want, you can just move onto the next option. This approach can also be used in the case of CryptoPayIn, which was launched to provide state-of-the-art brokerage services to investors and retail traders alike. Located in the Marshall Islands, a firm named MarCo Global Properties LTD founded the platform in 2017.
Yes, this does mean that the broker is relatively new in the financial markets, but dig a little deeper and you will find that its reputation is better than some of the older platforms that exist. It is because of its offerings that it has managed to gain so much attention and popularity. What are these? You can check some of the prominent features of CryptoPayIn in this review below:
|Trading Accounts||Three Account Types; Silver, Gold and Platinum|
|Assets Coverage||Forex currency pairs, Stocks, Cryptocurrencies, Indices and Commodities|
|Trading Tools||Trading Indicators, Trading Calendar, Calculator, Signals, Live Charts, Technical Analysis Tools and Reports, Price Alerts, Market Research, Economic Calendar, Financial News and Risk Management Tools|
|Education and Training||Yes; e-books, online video courses, webinars, seminars, tutorials, in-depth research and glossary.|
|Customer Support||24/5 support via email address, phone number, live chat and online contact form. An FAQ section is also available.|
|Security Policy||KYC (Know Your Customer) and AML (Anti-Money Laundering)|
|Parent Company||MarCo Global Projects LTD|
The Markets you Can Access
The most important feature of a broker is the financial markets it allows you to access. After all, isn’t this the whole purpose for which they are established? You only seek a brokerage’s services because you want to trade instruments in the financial markets and want to make as much profits as possible. Not all companies will give you access to the same markets, so it is essential to know which ones are available and if they are what you are after. Not all of them can offer you the same rate of return and this is something you should bear in mind.
You have to choose the markets you want to access according to your risk tolerance and the financial goals you have set for yourself. It should be noted that while every broker will claim to offer you access to the best markets, the definition is obviously different for everyone. You will be pleased to know that CryptoPayIn doesn’t try to mislead its clients in this regard. They promise to give their clients access to some of the most popular and profitable financial markets in the world and this is exactly what they deliver.
The list of trading instruments that you come across on CryptoPayIn belong to the world’s most renowned financial markets and are capable of offering high returns. You will have more than 100 instruments to choose from, which allows people to diversify their portfolio. This can be immensely helpful in reducing your trading risks and can maximize your returns as well because you can set off your gains in one market with the losses that you may incur in another. A look at the financial markets that can be accessed via CryptoPayIn will show that they give you the chance to trade digital currencies, which have become quite profitable these days.
You have the option to choose from Bitcoin, Ethereum, Litecoin, Dogecoin, Ripple, NEO, Bitcoin Cash, Tether and Monero. If you prefer to stick to the traditional currency market, you will find fiat currency pairs provided by CryptoPayIn as well and these include major, minor and exotic pairs. EUR/USD, GBP/USD, USD/CAD, AUD/NZD and EUR/GBP are some of the options you can check out. The stock market is another avenue for you to explore and invest in some of the biggest companies in the world. Some of the prominent names include Amazon, Google, Apple, Tesla, Netflix, Facebook, VISA, MasterCard, Nike, Cisco and Alibaba.
If you prefer trading baskets of stocks that look at the big picture, CryptoPayIn has the indices market for you. The world’s most well-recognized indices like FTSE 100, S&P 500, NASDAQ 100, Nikkei 225 and DOW JONES can be found here. Last, but certainly not the least, you also have the option of checking out the commodities market. These are known for their low volatility, which allows them to generate steady returns for traders, making them an excellent option for diversification. You can choose from commodities like precious metals, including gold and silver. These are referred to as hard commodities.
Energy commodities, like crude oil and natural gas, can also be found. Agricultural products, such as wheat, sugar, coffee and corn, are soft commodities that you can try out as well.
The Security you Can Get
No matter how profitable and lucrative the markets and trading instruments offered by a broker may be, they will not make a difference if you are not able to trade securely on their platform. Online trading doesn’t just come with the risks inherent with trading in the financial markets; there are security risks to contend with as well. After all, the internet is not a regulated space and this has given cybercriminals a lot of room to exploit people. The number of cyberattacks have increased over the years, with many people suffering from loss of their monies, while others have complained about having their identity and data stolen.
Both of these are recipes for disaster and no one wants to have to deal with them. Does this mean you don’t trade at all? Of course, this is not what you want to hear. Rather than letting go of the chance to trade in the financial markets, it is better to choose a broker that uses rigorous security standards for protecting its clients. You will discover that CryptoPayIn fits the bill here because their security is undoubtedly top-notch. They have implemented measures and policies for addressing the safety of your sensitive data and your money as well.
SSL (Secure Socket Layer) technology and full data encryption on the CryptoPayIn website ensures that every piece of data that you entrust to them is protected immediately. No outsiders, or third-parties, will be able to access this information or misuse it in any way because it will be encrypted and will not make any sense to them. Segregated customer accounts are also kept by the company for storing their clients’ funds and their own monies are kept in separate accounts. This reduces the possibility of discrepancies and misappropriation.
You can prove your identity by providing a valid, government-issued ID card, driving license or international passport that shows a clear photograph and your name. As for proof of address, you can provide a bank statement, or a utility bill like gas, water and electricity, which shows your full name and address and is not more than three months old. The use of these policies helps CryptoPayIn in verifying all trading accounts, so fake and criminal accounts can be eliminated. Plus, it reduces the chance of identity theft, financial fraud and money laundering.
The Trading Platforms for Use
In case you find the security provided up to the mark, it is time to move onto another crucial aspect of the broker and this is the trading platform they provide to you for accessing the markets and executing your trades. It is the feature you spend most of your time with when you are using their services, so it affects your trading experience and also your performance and bottom line. If the platform is too complicated to use, you will face difficulties in trading and this results in a negative experience. If the platform doesn’t have the right tools, or breaks down, your performance will suffer because you will not be able to make the right trades at the right time.
Thus, this is an area that you shouldn’t compromise on at all and CryptoPayIn has ensured that its clients will not have to do so at all. How? They have added three different types of trading platforms for their clients to choose, thereby ensuring that every trader, regardless of their skill or preference, can find a trading platform they can use easily and profitably. There are web-based, desktop-based and mobile-based trading platform to choose from. The WebTrader is accessible via the web browser, so it doesn’t have to be downloaded anywhere.
It is a simple platform, yet it boasts a feature-rich environment that allows traders to enjoy a smooth trading experience because it has an intuitive interface that can be navigated easily, even if you are a beginner. However, the most prominent platform offered by CryptoPayIn is the MetaTrader4, which is considered the top trading platform in the market. It is lauded all over the world by traders for its powerful functionality and trading tools and you can find it available for both Mac and Windows devices.
There are EAs (Expert Advisors) that are available on the MT4, which can be used by traders for building their own unique system. It also uses modern technology to deliver one-click trading and quick trade execution to the users. Along with this option, you will see that CryptoPayIn has also given MT4 mobile trading apps for Android and iOS that can be downloaded on smartphones and tablets alike. You can get alerts and notifications in mobile trading and have the flexibility of trading from anywhere and everywhere.
Regardless of where you are at any time, you will have complete access to your trading account on CryptoPayIn and this enables you to take advantage of all opportunities that may present themselves. Every single trading platform you find here is also equipped with state-of-the-art trading tools to help traders in making the most of their trading and boost their performance. A complete range of fundamental and technical analysis tools is available, as are advanced charts in various time frames. Traders will also be able to use graphs and line tools, along with risk management tools for mitigating their risks, such as stop loss, take profit and other order types.
An economic calendar is also provided by CryptoPayIn that can be quite helpful in keeping track of economic and market events and highlights. Price alerts, daily market signals, trading indicators and the latest market news are some of the other additional tools you will find.
The Trading Accounts to Open
A trading account has to be opened when you want to use a broker’s services and this first requires you to complete a registration process and then go over the account options that are given to you. As there is no specific format that companies have to follow in this regard, they are free to come up with their own respective steps and procedures. Some platforms are known to have a lot of complex steps and their process may also be quite lengthy, which annoys traders for the most part. When you are in the mood to trade, you don’t want to waste your time in dealing with such formalities.
Fortunately, you will come to know that CryptoPayIn hasn’t drawn out their registration and account opening procedure. They have kept it easy and quick for everyone, so they can start trading as quickly as possible. Their sign up procedure comprises of just one form that you have to fill and it barely takes you five minutes to do so. The form needs your name, surname, email address, phone number and country. You have to be 18, not a resident of the United States and agree with their Terms & Conditions. Also, selecting a language is required, as there are five supported, which are English, German, Spanish, Russian and Polish.
After you have registered, you can check out the account options that CryptoPayIn has developed for its clients. The purpose of offering more than one is to accommodate traders who have different trading styles, expectations and risk appetite. A total of three choices can be found here, each of which is created for traders of a specific background. They offer different leverages and various features for helping their users in the trading process. Go through the three options below:
- Account One: Silver
Developed primarily for newbie and beginner traders, the Silver account at CryptoPayIn offers the lowest leverage, which start at 1:200 for trading in the forex market. They have offered the same leverage for commodities, indices and precious metals (Gold and Silver), which is 1:50, while the lowest leverage is for stocks/equities at 1:20.
- Account Two: Gold
To cater to intermediate traders on their platform, the Gold account is provided by CryptoPayIn and here the leverage is increased. It is now at 1:300 for trading in the forex market, whereas it has gone up to 1:100 for commodities, indices and precious metals. Stocks and equities still have the lowest at 1:40.
- Account Three: Platinum
In order to facilitate professional and expert traders, the Platinum account can be found on CryptoPayIn and this offers the highest leverage for every market. This is 1:400 for trading foreign currency pairs and 1:125 for commodities, precious metals (Gold and Silver) and indices. The lowest leverage is for stocks/equities at 1:50.
Other than leverage, you will find various trading features also provided by CryptoPayIn and these include hedging support, fifth decimal, a dedicated account manager, free VPS, webinars and videos, customer support, news alerts and swap discounts for Gold and Platinum account holders at 25% and 50%, respectively.
The Customer Support to Expect
A prominent feature of any business nowadays is the customer support it offers to its clients. If they don’t offer good support, your experience with them can suffer because you will not be able to find the assistance you need. Having unsatisfied customers can be disastrous in today’s competitive environment, so CryptoPayIn has not made compromises here. They are aware of the value of customer satisfaction, so they have added proactive and prompt support for their clients.
You will find a number of ways to reach out to their customer support staff, depending on your preference. There is the live chat option on the CryptoPayIn website that allows you to contact their agents right away. You can fill out the online contact form for scheduling a callback, or you can get in touch via email, or phone. Their agents are available 24/7 to answer your questions and queries. Moreover, they have also added some FAQs on their website that can be used for finding the necessary answers. Along with these options, you can also find educational resources that can help you improve your skills and knowledge.
A look at the prominent features you can expect from CryptoPayIn explains why it has become a top choice of most traders around the globe.