When you are searching for an online broker, you will come across a sea of names that have been established over the years. With the financial markets offering lucrative opportunities, it is not surprising that there has been an influx of people, which has pushed up the demand for these companies providing trading services. But, it is important to understand that no two brokers can be considered the same, regardless of how similar their services might be. Furthermore, even if a company is a good choice for someone, there is no guarantee that they will be the same for you.
Every trader has different needs and expectations when it comes to trading in the financial markets and you need to analyze and understand them before you start your search. This will boost your chances of being able to find a broker that’s the right fit for you in the long run. MarketStep is worth considering here because it was founded by experts in the financial space with trading experience. They have used this to provide traders with the right combination of services they need for trading efficiently in the financial markets.
However, you should always do your own assessment and determine if they are the right fit for you or not. So, what can MarketStep offer to you?
Variety in instruments
To start with, you should focus on the trading instruments that a brokerage is offering because they are what you will trade and will generate the profits you make. There is a good chance that you already have some expectations regarding the amount of money you can make and this depends a great deal on what you trade. You will be pleased to discover that MarketStep has added instruments from various financial markets, which ensures that every trader can find something to trade, which suits their budget, risk appetite and trading strategy.
If you prefer stock trading, you will find stocks of companies like Apple, Microsoft, Coca-Cola, Pfizer, JPMorgan, PayPal, Facebook and Google. Traders who want to trade foreign currency pairs will be able to explore options like EUR/USD, USD/CHF, AUD/NZD, GBP/USD and USD/JPY. You can also trade indices like NASDAQ, FTSE, S&P and DAX via MarketStep. A ton of commodities are also available, which include precious metals like gold and silver, agricultural items like coffee, corn and wheat and energies like crude oil. In addition, you can also get access to cryptocurrencies like Bitcoin, Litecoin and Ethereum here.
With this much variety in instruments, traders can enjoy diversification that allows them to minimize their risks and also maximize their profits.
No complications in registration
For many traders, registration can be a daunting process because they are apprehensive of the requirements they would have to deal with and the steps they would be asked to take. There are some brokerages that do extend the process and it can get very annoying for you. With MarketStep, you will find that all such delays have been eliminated. Since their team is experienced and knowledgeable, they have kept it to a minimum and made the process smooth and fast. There is only one form that requires your attention when you want to register with them.
The form will ask for your first name, last name, your country of residence, phone number and an email address and password that will be used later for helping you log into your trading account. You will also be asked to agree to the User Agreement and the Risk Disclosure Notice, both of which you can find on the MarketStep website. As soon as you complete these steps, you will be done registering and can move onto the account options to choose one.
Robust security measures
These days, everyone is aware that the internet comes with its risks and when you decide to trade online, you open yourself to them. If the broker doesn’t provide adequate security, your personal information could be compromised or your money could be stolen. Hence, you have to make sure you opt for a company that takes security seriously and MarketStep hits the bullseye in this regard. They have opted to take advantage of SSL (Secure Socket Layer) encryption for monitoring and encrypting all website traffic and for keeping all data accumulated under wraps.
They also use account segregation policies for keeping their clients’ funds in separate accounts that are maintained with the best banks and financial institutions. This prevents any misappropriation or theft. Most importantly, MarketStep is compliant with the KYC (Know-Your-Customer) and AML (Anti-Money Laundering) policies, which require traders to submit proof of ID, address and payment. This ensures that no fake accounts are created on the platform and reduces the chances of identity theft, financial fraud and money laundering.
Top-notch customer support
Understanding that all traders will have some questions, concerns or any other issues at some point, MarketStep has been proactive about support. First off, they have added an FAQ section on their website, where traders can find answers to some basic and important questions. There is also a Glossary that can come in handy if you are having trouble in understanding something. But, this is not all. Sometimes, you might have an issue that requires personal attention and this is when you can reach out to their customer support team.
There are several channels that can be used for this purpose and MarketStep offers assistance 24/5 for their clients. You can fill out the online support form that exists on their website, but if you are looking for other options, there is also email. You can call them at the different numbers provided, or if the matter requires urgent attention, use the chat support option on their website. The agents are friendly, knowledgeable and prompt, which means you will find the help you are looking for.
Add in educational resources, an advanced trading platform, rewarding and competitive trading conditions and numerous account options and MarketStep is a good fit for anyone.