I’ve always been an inquisitive individual. If something new interests me, I constantly want to learn more about it and improve myself. So, when I learned about online trading platforms and how the trading world works, I became fascinated by them. Before I got into trading, I wanted to learn as much as I could about it.
For this aim, I began reading and asking questions of people who had been in the trading industry for a long time. I wanted to learn about the experiences that would include all of the advantages and disadvantages that have been encountered along one’s trip. However, I will not lie about my entry into the trading industry. It made me feel uneasy. Seeing lots of trading possibilities online made me apprehensive. Only because I believe that in today’s modern technological environment, when everything is easily available, online trade might be dishonest or fraudulent.
To familiarise myself with trading and its platforms, I also found that certain platforms were frauds, and many individuals suffered losses as well as data loss online. That aspect of internet trading frightened me. But, because I was inquisitive and intrigued by trading, I decided to take a leap of faith and dive in.
I intended to read as many articles as I could about a certain platform in which I am interested. But then I began asking a few of my friends who had participated in the platforms in order to gain information that would help me make an informed decision. Also, I felt it would be best to explore the platforms on my own to confirm that the platforms I’m looking forward to using for my trade are available to me.
As a result of all of it and my hard work, I stumbled across TradeTheBit. It was my first time using a trading site, and I was more than pleased. In this review, I will share my experience as a novice trader to advanced users, including all of the benefits and negatives I have encountered. So, without further ado, let’s get started.
Assets and Tools:
The website introduces its users to five asset classes: forex, commodities, indices, stocks, and cryptocurrency. When I first learned about this site, the users have more than 200 assets, which piqued my interest even more. These assets were organized alphabetically in a section called “Asset Index.” Under each asset, there are trading hours, expiration rules, and whether they have an International code, which is also noted.
A good platform is invested in the success of its company and its traders. TradetheBit is a platform that has used a variety of techniques to do this. One of the things that most inspired me was the availability of high-performance equipment. And the amount of customization they offer helps all types of traders. For example, I like how we can simply switch between chart kinds. Another great feature is the live stocks bar on the website, which allows me to immediately observe what is going on in the market.
Trading Platform
The page’s first appearance is really quick and inventive. At first sight, the black and gold color contrast appears quite current, and the white content in the dark base is extremely visible and tidy. However, after some time on the platform, the gloomy theme began to wear on me, as I began to experience eye strain as a result of the site’s dark color scheme. Furthermore, using chart tools becomes inconvenient, and you lose trust in making the right judgments.
The integrated visuals make the website self-explanatory, making navigation straightforward. It’s really simple to use. The TradetheBit logo, which sits at the top of each tab, is integrated to immediately redirect you to the website’s home page. I like how the website designers made sure that all of the symbols are visible and that the text jumps out.
A network that cannot be accessed by several devices will not be a long-term trade partner. Because it is unreasonable to expect individuals to carry hefty workstations everywhere they go, a mobile-friendly website should be your first choice. TradeTheBit is simple to use via the phone or any other device, and the visuals and features make the experience even better. However, I found a limitation in accessing the website in different languages, which I believe the platform should consider improving.
I needed to make a big arrangement in a different country when I went on a long vacation with my family and failed to carry my computer. Thank God I was able to use my phone to access the site. At this moment, I saw how the platform takes its clients’ needs into account.
Account Selection
I recall wanting to upgrade my account but not knowing how. So, I phoned the platform’s number, and a young man quickly helped me log into my new account, which had expanded and better capabilities. To satisfy the demands of all traders, the platform offers several accounts. New traders can open the most basic account, which takes the least amount of money as an initial deposit.
I understood precisely what kind of account type I needed to improve my profile. So, I upgraded my account with the assistance of a professional and efficient account manager. I have the option of selecting one of the following account types:
- Basic: Accounts start at 250 euros for the most basic of services.
- Silver prices begin at 10,000 euros.
- Gold: The minimum deposit for this account is 25,000 euros.
- Platinum: Platinum accounts are 100,000 euros. This account type is best for the traders who want to experience all the features and services that the platform has to offer. Moreover, the customer service with this account type always available. You will also receive the most experienced account manager to help you grow your portfolio.
Safety and Security:
This is the second most essential factor that I believe every trader should investigate before joining any platform. When it comes to protecting one’s assets and information, one should never make any compromises. Suppose a platform does not appear to be a safe haven for my assets. In that case, it is a big disadvantage for me, and I would even consider trading on that platform.
The main thing I did was to put the legal system to the test. A few distinct approaches to look for safety and security are through the legal section at the bottom of their website, chatting with your seniors and its clientele, and conversing with delegates. Their level of honesty has shown and aided me in establishing the foundations of a trust-based relationship with the platform.
Going through archives such as the Risk Disclosure articulation, Bonus Policy, Terms and Conditions, Privacy Policy, Withdrawal, Refund, and Cancellation Policy, and Anti Money Laundering Policy made me feel protected and secure.
One problem I observed was the inability to access the website in different languages.
Customer Service and Their Representatives:
As a beginner trader, when I learned about the platform’s reps, I knew I would make extensive use of this service. I can’t remember a single month throughout these years when I didn’t need to seek solutions from the platform’s agents for difficulties that I encountered. The administrations were quite professional and adequate, in my opinion. I was aware that I may contact the reps at any time via phone, email, form accommodation, or live chat.
Nonetheless, there are a few points I’d want to bring up in the hopes of addressing them. To begin, there is no international number for transferring clients from one side of the world to the other. Clients from Canada can use the phone option. This, along with the Live chat option, may be accessed in certain time slots. You do, however, have the option of using email at any moment.
This has been a life-changing event for me. I remember being shocked by the reps’ late reaction because I wasn’t used to it. I subsequently discovered I was approaching during off-hours. It took some convincing for me to accept that limited accessibility was a good concept, but I’ve figured out how to work around it now.
My Final Thoughts on the Platform:
TradetheBit is the only platform that has encouraged me to stick with it for a long period. This is due to the sense of accomplishment I experience shortly after trading. I didn’t get to highlight numerous things above, one of which is the well-established and well-organized education area.
My experience with Green Tower Investments: Usually, I take advantage of classic account features. Sometimes I use Silver or Gold Accounts. This broker’s trading platform has a good design and it’s easy to use. Green Tower Investments customer support is real and helpful, they answer all my questions! Furthermore, the numerous accounts offered to satisfy traders’ varying demands ensure that you only pay for what you need. So that’s my review about this trading company – it has some good options for all kinds of traders! The company’s website is detailed, and it provides all necessary information for beginners as well as expert traders.
Disclaimer: This review is written from my own experience and my self-knowledge only, and this is not a recommendation