Online trading has made it possible for people to explore the opportunities in the financial markets and you obviously need a broker to help you in enjoying them. There is no shortage of options, but you need an authentic and dependable platform and this is where InteracInvestor enters. You can find out everything about the brokerage in this InteracInvestor review.
There was a time when trading was considered the activity of only the rich and elite because you had to have access to a massive amount of capital and the time to fully focus on the financial markets without the expectation of regular income. Those who were working 9 to 5 simply couldn’t abandon their jobs and step into the trading world because they needed the paycheck.
Trading part-time just wasn’t practical because the field required a lot of hard work and dedication for you to be good at it. But, all of this changed due to the technological book in the 21st century.
Today, it is possible for just about anyone to venture into the world of trading and invest as much, or as little as they want. They don’t have to have a full-time trading career either, and can opt for it as a way to supplement your income or just as a hobby.
There are tools and other educational resources that can be found online to assist during the trading process and algo trading is also an option, which means you don’t have to be an expert in order to benefit from this activity. Most importantly, you don’t have to go anywhere to get started, all because of online trading.
People trade from the comfort of their homes, offices or anywhere else and all of this is facilitated by online brokers. They were established with the purpose of providing traders with a platform, access to various financial markets and all other tools and services needed by them, just as brokers had catered to the needs of traders in the traditional form of trading. These brokerages are the ones that also set minimum deposit levels and trading conditions, so they play an important role in determining your profits and trading experience.
With the interest in online trading increasing over the years, the number of these brokerages has also surged and there are hundreds of options that you can find operating in the market. This doesn’t mean that all of them are the same and offer you the same features and services.
Their platform, trading conditions, instruments, tools and other services are quite different. Hence, you cannot expect the same level of services from each broker. Once you have established that then it is logical to look for an option that will be able to provide you access to what you need.
Likewise, you should be aware that there are some low quality brokers that exist in the market. In fact, you will come across stories of scammers posing as brokerages in order to lure people and exploiting them. This means you have to be cautious as well and not choose any random platform to start trading.
The best way to avoid any such risks is to know everything possible about a broker before you sign up. You can follow this route in the case of InteracInvestor, one of the names you will find in the market. They have developed a strong reputation as a market-leading brokerage and have received several awards for their services.
Of course, this will draw your attention, so it is best to find out everything about InteracInvestor. This review will help you in doing so:
|Trading Accounts||Five account options including Standard, Silver, Gold, VIP and PRO|
|Assets Coverage||Forex currency pairs, Stocks, Cryptocurrencies, Indices and Commodities|
|Trading Tools||Trading Indicators, Economic Calendar, Calculator, Signals, Live Charts, Technical Analysis Tools, Price Alerts and Risk Management Tools|
|Education and Training||Yes; e-books, online video courses, webinars, seminars, tutorials, latest market news, guides, margin trading and Glossary.|
|Customer Support||24/5 support via email address, phone number online contact form and FAQ section.|
|Security Policy||KYC (Know Your Customer) and AML (Anti-Money Laundering)|
The Asset Index
Why are you looking for a brokerage? The whole point of looking for one is to trade assets in the financial markets, so you should be aware of the assets you will have access to. If you do some research, you will find out that there are hundreds of thousands of instruments that can be bought and sold for profit in numerous markets. Sure, they don’t offer the same profits or carry the same risks, but there are countless options at your disposal. But, you can access them via brokers and these tend to have their own asset index.
It is not possible to find every single instrument available with a broker and the assets they do offer is at their discretion. It is possible that some traders have very specific instruments in mind when they decide to enter the trading market. They may be drawn towards it because of particular assets, or there are also people who just generally want to make profits from the financial market.
If you fall in the former category, you would want to find a broker that provides you access to the assets you wish to trade. In the latter, you want to ensure that they give you a chance to trade some of the most profitable instruments.
The latter is also helpful because it allows for diversification i.e. minimizes the risk of trading and boosts profits, as you can spread your capital across different markets. You need to know what assets a broker is going to offer to you before you go ahead with the sign up process. This will help you in ensuring that you can trade the instruments you want, if you are particular, or that you are given the opportunity to trade some of the best ones. You will find that InteracInvestor is a good fit in both categories because they have a diverse asset index.
Their goal is to provide their clients with access to some of the top financial markets in the world and the assets they contain. This allows for diversification and also gives traders the chance to maximize their returns. Some of the markets that you can find here are:
Who hasn’t heard of the foreign currency market? It has the honor of being the world’s largest financial market and its volatility helps it in providing high returns to its traders. There are a number of currency pairs to be traded in this market, such as EUR/GBP, USD/CHF, EUR/USD, GBP/CAD, USD/JPY and AUD/NZD.
Another financial market that’s quite well-known amongst people is the stock market where many have managed to make their fortunes. You can access the stock market at InteracInvestor and they provide you the chance to trade stocks of some of the world’s most reputable companies like Amazon, Netflix, Facebook, Apple, Boeing, JPMorgan and Alibaba.
If you enjoy volatility and prefer to look at the big picture, you can choose the indices market for making your investment. There are various indices that can be found, such as FTSE 100, NASDAQ 100 and S&P 500.
One of the financial markets that has become notorious for its high volatility is the cryptocurrency market and people are jumping on the digital currency bandwagon in droves. Consequently, you will come to know that InteracInvestor has added leading cryptocurrencies for its clients, such as Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Ripple and Monero.
Those who prefer low volatility and consistent returns can opt for the commodities market. There are plenty of options to choose from here as well, including precious metals like gold, silver, palladium and platinum, agricultural products like wheat, sugar, cotton and rice and energies like natural gas and crude oil.
The Trading Platform
After the asset index, the second most important feature of any brokerage is their trading platform. The assets are important because if they don’t have the ones you want to trade, or good options, you wouldn’t bother with any of their services. If you are satisfied with their asset offerings, you can move forward and look at the trading platform provided by the broker. This is important because it is the software used for connecting to the financial markets, monitoring them and placing your trades. It also provides the tools needed for trading and determines your overall experience.
When traders have poor experiences with a broker, it is mostly because they are unhappy with the trading platform. It may not work smoothly and lag at crucial moments, or may be too complex, outdated or without the necessary tools. If you want to avoid such problems, you should know what solution you will be provided before you choose your broker. It can save you from having to change your broker in the future, which can be a big hassle and a waste of your time.
A web-based platform has been developed by InteracInvestor for its clients to help them have a smooth trading experience. It uses innovative trading technology for creating a feature-rich environment and delivering instant trade execution. This can make a big difference in your bottom line. The most prominent benefit of this multi-device platform is that it doesn’t have to be downloaded or installed anywhere and is easily accessed via the browser. In addition, it is also compatible with your PC, tablet and smartphone and this gives a lot of flexibility to every trader.
With a web-based trading platform, traders are not responsible for updating or maintaining it either and this is another worry off your shoulders. Despite the technology, the interface of the InteracInvestor trading platform is user-friendly, making it easy for everyone to use it, even if they don’t have any prior experience. As far as tools are concerned, it has been equipped with some of the smartest ones that can be found in the market. You are given access to an economic calendar, technical analysis tools, risk management tools including various order types and price alerts.
Traders are also provided access to the latest financial market news by InteracInvestor and they have also incorporated trading signals that can be quite helpful.
The Registration Process
Before you can use any of the services or features provided by a broker, you would be required to register with them and then create an account. You should be aware of what to expect from this process because the requirements of every platform are different. If you speak to traders in the market, they will tell you that some brokers require you to complete numerous forms, go through an approval process and even sign a contract in some cases. This can draw out the process and can be quite annoying, as you are unable to tap into the opportunities in the financial markets right away.
No one wants to have to deal with a complex procedure and the only way to ensure you don’t go through it, or are prepared for it, is to take a look at the registration process before moving forward. A check at InteracInvestor will leave you impressed because they don’t just claim to offer you quick onboarding; they really deliver. Their registration process doesn’t take you more than five minutes to complete and this can be highly appealing for traders because they can jump into the markets as quickly as possible.
But, what do you need to do? Put it simply, you have to visit the InteracInvestor website, click on the option of register and this will lead you to an online form. There is only one form and it is a very basic one, which means you don’t require any preparation. It asks for your first name, last name, phone number, the country you are in and an email address and password.
The latter are needed for your login details later on. The final steps involve confirming that you are 18 or above and you have to agree with the Terms & Conditions that they have outlined on their website. You will be registered right away, as there is no approval or waiting process involved.
The Account Options
The next step after registration is obviously about opening an account with the broker. The account will keep track of your funds, your trading history and your personal data, but you don’t get the same account options everywhere. The purpose of offering several choices in terms of accounts is to accommodate traders who have different trading styles, risk appetites and budget. Most platforms usually offer three account options with slight changes and updates and these can still be quite limiting.
The account options you will find at InteracInvestor will come off as different because they are more varied, as you will have five options to choose from. Plus, as they are offering their services to traders of all skill and experience levels, they have made significant changes in their account options. You should check out the ones available and then make your choice accordingly:
- Standard Account
The account options at InteracInvestor begin with the Standard account, which is primarily for newcomers and beginners, and it can be opened by making a minimum deposit of $10,000. This account provides trading conditions like 25% margin loan and leverage of 1:200. The features of the account involve weekly market reviews, an account manager, a Trading Academy, daily market news and a weekly progress report of your portfolio.
- Silver Account
The second choice you will have at your disposal is called the Silver Account and the minimum deposit amount for it goes up to $50,000. There is a change in trading conditions, as the margin loan reaches 35% and traders can now use a portfolio manager as well. They receive daily reports of their portfolio’s progress, daily market review and have a monthly session with a certified accountant. Also, their account is monitored by a top analyst 24/7.
- Gold Account
Having a minimum deposit requirement of $100,000, the third account at InteracInvestor is called Gold. It provides a 50% margin loan, a weekly one-on-one session with a market analyst, access to a weekly webinar that can be live streamed and a certified tax consultant provides the end of year summary.
- VIP Account
Skilled and advanced traders are provided the VIP account on InteracInvestor and they have to deposit a minimum of $250,000 to open it. They are provided a margin loan of 75%, customized education and the leverage is also increased to 1:300 here. Other features include in-depth research, daily market signals, invitations to VIP events, a VIP advisor and managed portfolio. You can also have a one-on-one session with a market analyst daily.
- PRO Account
To cater to professional traders, the PRO account has been added by InteracInvestor and this requires a minimum deposit of $1,000,000. It provides leverage of about 1:400 and the margin loan is increased to 100%. Traders can get unlimited access to brokers, a wealth manager and also benefit from tight spreads. The payouts from this account are higher and daily one-on-one live sessions are available with analysts, along with live streaming of webinars.
The Payment Methods
When you are done with choosing the account you want to open, you will obviously be required to make a deposit for actually opening it. This is where you check out what payment methods are supported by the broker because these will be used for making your deposits and also withdrawing your funds in the feature. It is essential for you to check the methods available because not all of them are safe or convenient for that matter. They can also be time consuming and this can also be annoying, especially when the financial markets move quickly.
You will find a number of payment methods supported by InteracInvestor and they comprise of both traditional and modern options. They allow their clients to use bank wire transfers and SEPA transfers, if they want high security and prefer the traditional choices. For catering to more modern customers, they have added support for different debit and credit cards, including the popular VISA and MasterCard. They have also added online payment solutions to their clients that can be used for quick transfers, along with support for cryptocurrencies like Bitcoin.
These choices can be explored for both deposits and withdrawals. There are no charges imposed by InteracInvestor itself, but third-parties like banks may have their own fee. It is important to note that the time taken for your transactions to be processed will depend on the method you decide to use. Bank wire transfers usually take time, whereas card and e-payments are usually quicker. However, withdrawal requests are processed by the broker within 7 business days and you should bear this in mind in case you want to make one.
The Trading Conditions
It is vital for you to know the trading conditions provided by a broker before you sign up because they determine how much you are able to make and whether you can achieve your goals or not. You also need to ensure that these conditions are mentioned, as it is usually scam platforms that don’t disclose them. Fortunately, you will find that InteracInvestor doesn’t fall in this category because they have proven to be transparent about their conditions. The leverage offered by the broker starts from 1:100 and goes as high as 1:400. They offer tight spreads to their clients and don’t have any commission charges. Likewise, you don’t have to worry about any hidden costs or extra charges that may be imposed, as there are none whatsoever.
Once you have found out everything about DGFlex, you can easily surmise that it is a dependable brokerage that can give you access to the markets of your choice.