I have to admit, finding a good broker in the pile of thousands and thousands of trading platforms is almost impossible. It is like finding a diamond in the rough. But, one should also know that not all shiny things can be gold or diamond. Hence, until you try it out yourself and explore it enough to make a clear decision, don’t invest your all in it.
The same can be said for the trading platforms that are available online in thousands of numbers. It is not certain that whatever they are advertising is 100% true. Don’t trap yourself in such click-baits. I am saying this from my personal experience which has become the greatest lesson that I have learned so far in my trading career.
As I said, it is very hard to find a good broker in today’s world and one shouldn’t keep it to themselves if they do find that diamond. This is exactly why I have finally decided to write a review on a broker which turned out to be one of a gem among the piles of rock for me, FinancialCentre. I wanted to let all the traders know about it so they can enjoy it as well as much as I am.
What Not to Do As A Trader!
The hunt for that diamond started when I left my job 2 years back. I was jobless and in need of a way to make money as soon as possible. As I was discussing this situation with one of my close friends, he started telling me how he has gotten into the trading industry and how well it has been going for him.
He asked me to try it out just for the sake of passing time until I find a job. But the mistake I made was that in desperation of earning money, I started investing in the platforms blindly. I was amazed by their slogans and advertisements that I didn’t think of exploring first and that unfortunately led me to some big losses.
Anyway, after losing a lot of money but gaining some knowledge about the trading world, I gave one trading platform the last chance. I investigated it thoroughly and read as many reviews as possible to know about it from inside and out. After deciding to give this broker a try, I was left speechless because of how transparent and true to its words this platform was.
Now, let’s get into knowing about the diamond in the rough I was talking about and that is “FinancialCentre”.
Assets and tools:
I was astonished when I came to know that this platform offers five different types/categories of assets, they are:
Crypto, stocks, indices, currencies, and commodities. Furthermore, these categories have more than 200 assets available for trading. When I started exploring the names of the assets included, I saw big names like Tesla, Amazon, Zoom, and many more. These assets are available for trading in 23 different countries. On the other side, traders from Iran and the United States are unable to utilize this platform.
A separate page is dedicated to the vast range of assets under the name “assets Index.” During my investigation into this broker, I was intrigued by how well-structured and put-together their assets were until I came across the “asset index.”
They were alphabetized, making it easier for me to identify an asset that piqued my attention.
FinancialCentre has added the trading hours of each asset and its Expiry rule beneath those assets, which piqued my attention. I found the FinancialCentre function to be quite beneficial.
Now, let’s touch on the topic of tools as well. So, this platform uses all the latest tools and technologies that can help a trader in his/her trading. From charting tools to little details like date and time on the top corner, language selection, and embedded live chat icon, all were of great use. Although I didn’t have much influence over the website’s design, the charts may be tweaked quite a bit.
For example, I had nine options for adjusting chart intervals based on my tastes and simplicity of usage, which enabled me to maintain a close eye on market circumstances. Other analytical and trading tools are also quite beneficial. I read over them extensively and found them to be helpful in terms of business expansion.
Order Execution:
If you conduct extensive research before making a decision, but your broker’s order execution speed is slow, your efforts will likely be in vain. Because the stock market may be on your side one minute and then turn against you the next. As a result, the broker’s processors must be fast enough to avoid order execution delays.
This is one of my favorite features of FinancialCentre. They use cutting-edge software and technology to ensure that your transaction is completed as soon as you press the buy or sell button.
Trading technology including streaming real-time data and clever order routing is used by FinancialCentre. Before becoming a member of their site, I could try out some of their non-member tools. This, I feel, aided me in deciding whether or not I wanted to join this trading platform based on how difficult or appropriate their trading tools would be for my level of experience.
I could only see a broker’s chart after enrolling as a member in most cases. I was periodically dissatisfied after getting access to such sites since their charting skills and tools were beyond my comprehension. I had the polar opposite experience with the FinancialCentre platform, and I was blown away by its trading capabilities.
Usability:
In comparison to other systems with which I’ve worked, I found the usability of this platform to be rather good. While compared to other brokers, FinancialCentre provided me with several customizable features when utilizing their services. I was able to change the platform to meet my needs and enhance efficiency because of its versatility.
Another thing I like about them is how simple it is to create an account. This platform didn’t need a lot of data, which I feel might be a concern for some. Another feature that appealed to me was the option to alter and store my data for future use, but only for a limited time. On the off chance that it had been made accessible as a mobile application, I feel the platform’s use would have been enhanced even more.
Nonetheless, I feel that the accessibility of this platform is considerably superior to that of the others.
Service to Customers:
FinancialCentre’s excellent customer service attracted me. All of their users, whether members or not, had access to a live chat window. Users may utilize the live chat service 24 hours a day, seven days a week. I remember stumbling upon a minor issue I used their live chat option and I was contacted by a representative in few minutes. He calmly and thoroughly listened to my inquiry and after that gave viable solutions.
At the end of our conversation, I found myself quite pleased with their customer service. There were also other choices, such as sending an email or making a phone call. Both of these services had fixed operating hours. The email and chat services are accessible from 07:00 to 14:00 GMT Monday through Friday, and the phone service is available from 09:00 to 13:00 GMT Monday through Friday.
Only Australia, the United Kingdom, and Austria have access to the phone call service. Similar to their language limitations, I believe. They could broaden their phone service to cover more international destinations.
Education:
It’s rare to find a platform that not only makes trading easy for you but also provides additional educational material. FinancialCentre has an entire section dedicated to instructional tools. Both novice and experienced users can benefit from these.
Their e-books helped help me comprehend specific trading circumstances and vocabulary. However, as I progressed in my trading and began to make further investments, I saw that instructional resources were scarce for advanced users. Aside from the e-Books, FinancialCentre also has a glossary section where users can learn about all of the trade words and what they mean. It’s a fantastic idea for assisting novices and making them feel more at ease in the trading industry. A section titled “Frequently Asked Questions (FAQ)” is also included.
Security:
The security of FinancialCentre is a worry. All risk disclosure, privacy, and anti-money laundering rules must be followed by any online broker. As a consequence, I needed to look into FinancialCentre’s policies to ensure that my data and resources would be safe with them.
The following policies, which are published at the bottom of their website, are followed:
- Privacy policy and bonus policy
- Statement of Risk Disclosure
- Anti-Money Laundering Policy and Know Your Customer (KYC)
- Withdrawal, refund, and cancellation policies are all covered.
Overview:
My entire experience with FinancialCentre has been excellent, and I want to deal with them in the future. Their platform has been shown to be extremely reliable and secure. However, I feel that there are a few areas of this platform that may be improved to improve the client experience.
I hope that my evaluation is helpful to anyone looking for a reliable source for their trading business.
Disclaimer: This review is written from my own experience and my self-knowledge only, and this is not a recommendation