A lot of people jump into trading with little knowledge and a lot of hope. But you need to know before we start with this Btcmarketcap review, unfortunately, a majority of these hopeful investors have no clue that there are certain mistakes they should avoid when picking up a brokerage. These mistakes can have long-lasting effects on your future as an investor.
Here is a list of mistakes you should not make when looking for a brokerage:
1. Not doing your homework
Mistakes can start as soon as you begin looking for a brokerage to invest with. You may think all brokers are the same but there are actually quite a few differences. Some offer more research than others, some have lower commissions and some firms cater to different types of investors (day traders, short-term traders, etc.). Make sure you know exactly what type of service the brokerage provides to its clients (research, commissions, and specialities).
2. Not getting referrals
If there is one thing I want to recommend to you is that in business it is great to get referrals from people you trust. This will save you the trouble of checking out different brokers and then coming to the conclusion that none of them suits your needs. Referrals can help you save a lot of time and money, by putting you in touch with reliable people that have tried out different brokers for themselves.
3. Not doing your due diligence
Just as there are differences between different brokers there may also be differences within a brokerage depending on which broker you choose. Make sure you know what your broker can give you in terms of services and research in order to maximize your potential in the market.
4. Not getting familiar with trades
It is not enough that you do some homework on different brokers, it would also be beneficial if you spend just as much time knowing what a trade entails. At the very least, you should have a general idea of what goes on when you place an order to buy or sell. If not, then there are brokers that offer services specifically for investors who do not want to trade themselves.
5. Not asking questions
A lot of brokerage firms have a dedicated customer service section where you can ask whatever question you may have about the services they provide, commissions rates, etc. This Btcmarketcap review should tell you that you need to take advantage of this opportunity because it will save you from asking several people individually what they know about a certain broker. If you ask the broker directly, they may offer more information on different aspects of the service.
6. Not reading the fees and commissions section on a broker’s site
This one is pretty self-explanatory. Make sure you know what kind of fees you will be paying in order to get the most out of your investment. Remember that some brokers waive these fees depending on how much money you invest with them.
7. Not checking out reviews
Another thing you can do to save time and money is to check out reviews about different brokerage services. There are reliable sites that allow you to leave reviews about your experience with a broker. Make sure the reviews come from people who have used the brokerage for at least 6 months or more before making their review.
On the other hand, starting off with these mistakes and applying the advice in this Btcmarketcap review can help you avoid making them. As a matter of fact, it will put you on the safe side when choosing one of the reputable brokerage firms that offer their services online.
With all that said, let’s move on to what Btcmarketcap has to offer.
1) Low fees
When it comes to commissions, Btcmarketcap is one of the most affordable platforms around. The fee for each transaction will vary depending on how much you are investing but in general. This is quite an advantage since other brokers may not offer their services for less than $50.
2) High-security standards
Btcmarketcap is also great when it comes to security protocols. The standard protocol used with most brokers ensures the protection of your account balance in case of an intrusion. But if you are looking for even higher levels of protection, then Btcmarketcap’s advanced protocol will be your best choice.
3) Speed and Accuracy
If you ever experience a delay in your transactions, then this Btcmarketcap review should tell you that the quickest way to solve it is by contacting customer service. They are available at all times so they can address your concerns promptly.
4) Real-time quotes
Btcmarketcap is one of the most innovative brokers in the industry today. They are also the first to have real-time quotes so you will always know where you stand with your investments. This feature is perfect for people who do not want to stay glued to their computers just to monitor stock prices.
5) Variety of products available
You will never have to worry about finding the products you need because Btcmarketcap has all of them. They are not limited to stocks and currencies, but they also offer other investment vehicles that may fit your portfolio needs.
6) Online trading platform
Another reason why I like this brokerage service is one of the best around is that they also offer an online trading platform. You will be able to do all your transactions in just a few clicks.
7) 24/5 customer service
If you have any questions or concerns about Btcmarketcap’s services, then all you need to do is contact their customer support team. They are available at all times so they can answer your queries right away.
8) Great history in the industry
This Btcmarketcap review should tell you that they have been around for more than 10 years already which means they are not new in the industry and you can be sure that they will provide your investments with reliable service.
9) Better returns on your investments
They offer better returns than other brokers out there. You will benefit in many ways when you start investing in this company.
10) Favorable referral program
They also offer a lucrative referral program that will allow you to earn extra money just by recommending their services to your friends and family. One of the best features about Btcmarketcap is that they are one of few brokers who still appreciate the value of referrals.
11) Variety of payment methods available
If you want to invest big, then Btcmarketcap has the best payment methods around. They accept all major credit cards and bank wire transfers so you can do your transactions with ease.
12) Great investment products
This Btcmarketcap review needs to help you understand the importance of having a reliable alternative investment vehicle. That is why Btcmarketcap also offers crypto-currency products that will allow you to diversify your portfolio and maximize returns.
13) Low minimum deposit
You can start investing with as little as $250, which is just enough for people who do not want to spend too much money on their investments.
14) Transparency of information provided
The biggest advantage of investing with Btcmarketcap is that they are an honest, reputable company that can provide you with accurate information about their products. Unlike other brokers who may be hiding important details from you, Btcmarketcap will tell it to you straight so there will never be any surprises.
Some minor flaws
However, this Btcmarketcap review should inform you that they do have some minor flaws. Their trading platform is great, but it can still be improved.
1) No demo account
One of the main drawbacks is that they do not offer a demo account. This can be a problem for newbie traders who do not want to risk real money. If you are just starting out, then it is best that you look for other brokers who offer demo accounts.
2) No mobile trading app
Another thing about Btcmarketcap is that they do not offer an official mobile trading app which makes it difficult for people who want to trade on the go. If you have a smartphone, then it is best that you choose brokers with apps so you can do your transactions in just a few taps and swipes.
3) Limited education features
Another problem with Btcmarketcap is that they lack educational materials for new traders. Aside from their blog, they do not offer any other educational materials.
4) No auto-renewal of contracts
If you are trading with Btcmarketcap, then you might realize that there is no auto-renewal feature for your contracts. This means that if your contract expires, then it will immediately be closed and you will not be able to continue your trades.
Despite these flaws, Btcmarketcap is still one of the best brokers in my opinion. They offer new traders a lot of great features and benefits.
Btcmarketcap is one of the most trusted brokers in the industry. They have been around for many years, which means that you can rely on their service. With this Btcmarketcap review, I hope that you will be able to make a sound investment decision and maximize your profits in no time and with no hassle.
Disclaimer: This review is written from my own experience and my self-knowledge only and this is not a recommendation.