One of the online brokers that are offering their services in the financial markets is PrimeOakmont and a quick look at their website leaves a good impression. But, you need to know everything about a broker before you sign up with them and this PrimeOakmont review can provide you with the details.
Who doesn’t want to achieve financial independence? In today’s day and age, everyone wants to be rid of financial issues and have a source of income that can help them manage their expenses easily. Of course, this is easier said than done and the global coronavirus pandemic caused a lot of people to end up in financially tough situations that they didn’t want to deal with.
Thousands of people lost their jobs, while others weren’t able to get good returns from their investment. Hence, there was a huge number of people looking for ways to make money and the financial markets have proven to be quite useful in this regard.
Thanks to technology and the internet, you can access these markets online and people were able to trade from the comfort of their homes and earn the money they wanted. The best thing about these markets is that they have something to offer to everyone, no matter what their budget, or risk appetite may be like.
Plus, they are known for providing returns in a much shorter span of time than any other space and this is also quite beneficial. However, one important thing to remember is that no one could have gotten access to these markets if it weren’t for online brokers.
Indeed, they are the ones that provided people with the comfort and convenience of being able to trade from anywhere. Without their services, it wouldn’t be possible for anyone to access any of the financial markets or trade any instrument for that matter.
Not only do they connect you to the markets, but also provide all other resources and features you require during the trading process. Suffice it to say, they play a very vital role in your trading journey. So, how do you find one?
Like everything else on the internet, you find a broker by doing an online search. This sounds simple enough and you think it will only take a couple of minutes. The reality, on the other hand, turns out to be quite different. Most people are flabbergasted when they discover the sheer number of brokers that are actually operating in the market.
How will you be able to choose one? This is a big dilemma because when you take a look at a couple of options, they appear to be quite similar. It can make it difficult to pick a company.
You don’t want to make a mistake here because the broker you select will determine your trading experience and the wrong one can result in a lot of frustration for you. The best way to go about it is to find out everything about a company and then determine if their offerings are what you need.
This is much better than trying out a few brokers because you could end up suffering from losses, or miss out on opportunities. One of the options you will find in the market is PrimeOakmont and this forex and CFD (Contract for Difference) broker is quite convincing.
But, you have to consider your own needs, which means you have to find out everything relevant about PrimeOakmont before making a decision about it. You can check out this PrimeOakmont review and then do this easily:
|Trading Accounts||Four account options; Junior, Senior, Executive and Presidential|
|Assets Coverage||Forex currency pairs, Stocks, Green Stocks, Cryptocurrencies, Indices and Commodities|
|Trading Tools||Trading Indicators, Trading Calendar, Calculator, Signals, Live Charts, Technical Analysis Tools and Reports, Price Alerts, Market Research, Trading Tips, and Risk Management Tools|
|Education and Training||Yes; e-books, online video courses, webinars, seminars, tutorials, latest market news, guides and in-depth research|
|Customer Support||24/5 support via email address, phone number online contact form and live chat. Different numbers and email available for different languages.|
|Security Policy||KYC (Know Your Customer) and AML (Anti-Money Laundering)|
The Asset Index
There are plenty of features and services that an online broker has to offer to its clients and all of them will play a role in your trading experience. Obviously, you would want to know about them, but the most important place to begin is the asset index of the platform you are considering.
It is understood that people decide to trade in the financial markets for the purpose of making money and you need to be aware that this depends on the instruments you trade. If you take a look, you will find that there are hundreds of thousands of trading instruments that can be traded.
But, not all of these instruments are the same because their demand, profitability and volatility all varies. This means that you have to choose trading instruments that can give you the kind of returns you are after and in accordance with the risks you are willing to take.
For instance, if you don’t want to take high risks, you cannot expect to make high profits quickly either. If you are willing to give it a shot, you will need volatile instruments to trade. The asset index provided by every broker is different.
Some instruments may be similar, but not all are the same and this is something you need to bear in mind when you start looking for one. Similarly, the number and variety of instruments can also be different for every platform. You should take a look beforehand in order to avoid disappointment later on.
There is a horde of trading instruments that PrimeOakmont can offer to you and it allows you to find the one you need for maximizing your profits. There are more than 250 instruments and these belong to some of the top financial markets in the world.
This ensures that every trader can find an instrument in accordance with their risk tolerance. Moreover, the variety ensures that every trader will be able to diversify their investment portfolio and this can help them in minimizing their trading risks. Some of the markets you can trade in include:
Known as the biggest financial market in the world, the forex currency market comprises of numerous currency pairs that can be traded for profit. There are minor and major currency pairs to choose from, such as EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/CAD and USD/CHF that PrimeOakmont has added to their offerings.
This is another lucrative market that you can consider when you want to make maximum profits from online trading. You will be able to access some of the leading indices here, which include FTSE 100, S&P 500, NASDAQ 100 and Nikkei 225.
Another popular financial market that PrimeOakmont has added to its offerings is the stock market. It allows you to trade stocks of some of the most notable companies, such as Amazon, Apple, Google, Netflix, PayPal and Tesla. What makes the platform unique is that they have also added green stocks to their offerings to cater to those traders who are environmentally conscious and prefer to trade stocks of those companies that are the same.
Traders who want to balance their risks will find the commodities market a good option and PrimeOakmont has added a vast array of them to their offerings. You can choose from hard commodities, such as precious metals like gold, silver, copper and platinum, or soft commodities, such as agricultural products like wheat, coffee, corn and rice. There are also energy commodities available, such as natural gas and crude oil.
One of the most popular financial markets in the world today is none other than the cryptocurrency market. The high volatility of the market can prove to be immensely profitable and you can choose from some of the top choices in this market, such as Bitcoin, Litecoin, Ethereum and Bitcoin Cash.
The Trading Platform
Once you have checked out the asset index of the broker, you need to take a look at another one of its vital offering i.e. the trading platform. What is that? This refers to the software that helps you connect to the financial markets, enables you to execute your trades and also provides you access to trading tools that can be quite useful. You should note that the kind of platform you are provided is at the discretion of the broker, so it will vary from company to company. Why should you take a look at it?
It is important to remember that this feature of a broker will have the biggest impact on your overall trading experience. You cannot trade in the market without it, so it is not something you can avoid. Therefore, you want a trading platform that you can use easily and provides you with the right tools. Not every platform can deliver in this regard, as there are complaints of platforms breaking down, suffering from lags, being too difficult to use, or just not having enough tools. The instruments available will not matter if you are not able to trade them easily and profitably.
You will find a web trading platform provided by PrimeOakmont to its clients and this is an advantage because it means you don’t have to worry about downloading or installing it anywhere. Instead, you can enjoy easy access to the trading platform on any device, as long as it has a web browser and an internet connection. This gives you a great deal of flexibility because you can use it on your desktop PC, laptop, or even your mobile devices. You will be able to trade from anywhere and everywhere with such a platform.
No compromises have been made by PrimeOakmont when it comes to developing the trading platform. They have used powerful trading technology for creating the platform, which provides quick trade execution and one-click trading to its clients. The user-friendly interface ensures that every trader can use the platform easily and not have to worry about a learning curve. Whether you are a novice with no experience, or a professional with years of experience, you will find the platform handy.
It has been equipped with some of the most advanced trading tools by PrimeOakmont for allowing its clients to trade profitably. You will find a variety of charts and graphs available, along with custom indicators. There are trading alerts as well as technical and fundamental analysis tools. There is a trading calendar available, as well as risk management tools that can help in keeping your risks under control.
The Registration Process
Now that you have checked out the trading platform provided to you by the broker, you need to take a look at their registration process. This will tell you what requirements you have to fulfill, if any, and what you will need to do in order to use their services. There is no fixed format that has to be followed for registration, so the process can vary from platform to platform. You need to know the process in order to be prepared. After all, you don’t want to waste time when there are opportunities to explore in the financial markets.
Some brokerages tend to have complicated and lengthy procedures that can be extremely frustrating for traders who want to start trading right away. You will not come across this problem with PrimeOakmont because they have kept their registration process very simple and easy for everyone. They don’t have any such requirements that you have to fulfill. What do you need to do? You have to visit their website and click on the ‘Register’ option on the top right. This will open up a form that you have to fill out in order to register on the platform.
The form is very basic because it doesn’t ask for any such detailed information and will not take you more than a few minutes to complete. You have to enter your first name, last name and an email address, along with your country and phone number. A password is also required, along with a promo code. Then, you are required to agree to the Terms & Conditions PrimeOakmont has applied on their website and also confirm that you are 18 years old. The registration process comes to an end here and you are free to open an account.
The Trading Accounts
Once you have finished the registration process, you can move onto the next step and this is to open an account with the broker. It has become a norm for brokers to offer account options to their clients, especially when they want to cater to traders of different skill levels, risk tolerance and budget.
When you want to use their trading services, you have to check out the options and find one that suits your needs. Not every company will be able to give you an option you are comfortable with and this can be a big problem for you. Fortunately, you will not have to deal with this issue where PrimeOakmont is concerned because of the range of account options provided.
There are a total of four trading accounts that PrimeOakmont has developed and each of these accounts is created for a specific category of trader. You can go over the options to choose one. Let’s take a look:
The first account option that PrimeOakmont has developed on their platform is called Junior and it is for newbie and beginner traders. The minimum deposit that traders have to make for opening this account is €200 and the maximum deposit allowed in this account is €5,000. The account provides basic features, such as a personal account manager, a one month free trial for a signal service, a weekly newsletter and one private trading session.
The second account option that you will have at your disposal at PrimeOakmont is called Senior and this one is created for intermediate traders. Traders have to make a minimum deposit of €5,001 to open this account and the maximum deposit that’s permitted here is €50,000. Along with the features of the previous account, this one provides traders with a commission discount of 5% and also supports multiple accounts.
The third account option that has been added by PrimeOakmont is known as Executive and this one is made for advanced traders. Therefore, the minimum deposit required for this account is €50,001 and the maximum you can deposit here is €250,000. The signal service now includes 12 monthly signals and 2 private trading sessions are given per month. The commission discount also goes up to 10% and you are provided with an automated trading option. This is also compatible with an Islamic account.
The final account option that you will come across is known as Presidential and this one has been added for professional traders. The minimum deposit that you have to make is €250,000, but PrimeOakmont has not imposed a limit for maximum deposit. Traders can now enjoy daily signals and they can have private trading sessions on demand. The commission discount now goes up to 20% and traders are given access to private concierge services. You will also have airport lounge access, tax advisory and credit officer access and an annual meeting with a senior partner.
The Payment Options
When you have chosen an account option, you will obviously need to make the deposit for meeting the requirements that allow you to open it. You cannot start trading without adding money to your account and this means looking at the payment options supported by the broker. The options provided by every company are not the same, so it is essential to take a look and ensure that the choices are reasonable and you will be able to use them without any problems.
Several options have been provided by PrimeOakmont for catering to its clients because their goal is to provide a smooth trading experience. You will be able to choose the traditional method of bank wire transfers for making your deposit, which is quite secure. If you prefer more modern options, debit and credit cards are supported as well, which include VISA, Maestro and MasterCard. The same methods are also available for withdrawals, but withdrawals take at least five business days to process.
The Customer Support
Most people will move onto trading right away after they have funded their account and not look at anything else. But, you shouldn’t make your decision just yet, as there is another area that deserves your attention. Before singing up with any broker, you need to take a look at the kind of customer support they provide. Why is this necessary? This is because you don’t want to be stuck in case you encounter a technical problem with the trading platform, or you have any question about any procedure.
Not only is it frustrating to have to wait for a response, but also means that you miss out on opportunities that may come up, or can result in losses because you won’t be able to trade in a timely manner. The customer support provided by PrimeOakmont is undoubtedly impressive because they have added a number of channels that can be used to get in touch with them.
Most importantly, their customer support staff is multilingual and support is available in several languages. They have given different email addresses and phone numbers, depending on the language you prefer.
The options available are English, German, Spanish and Italian. If you don’t want to use these channels, you can also fill out the online contact form that can be found on the PrimeOakmont website and their agents will get in touch with you.
You will also find top notch trading conditions provided by PrimeOakmont that allow you to make maximum profits and keep your trading costs low, so you can have a profitable trading experience.