I am a trader just like you, but I have spent a few years in this industry now. I can tell you a few things that will help you pick the right broker if you are thinking about trading for the first time. I want to tell you about Pibexa today. This is the broker that provided me with the opportunity to land in the online trading world. The thing that convinced me the most about this broker was the fact that it made me feel safe. Isn’t that the most important thing when you are trading for the first time? If you are worried about your first move in the trading world and need some security, let me tell you about Pibexa so you can decide with ease.
Safe Trading with Pibexa
· Anti-Money Laundering Policy
The first thing that you should know about this broker is that it has clearly stated the anti-money laundering policy on its website, which means it follows that policy strictly. You have a broker that is clearly telling you that its trading platform cannot be used by someone who is only looking for a way to launder their money. Think about it! The broker could benefit from such an entity without anyone ever knowing about it. However, it is about accountability and being fair to the trader. This broker is fair to its traders and that’s why it provides a safe trading platform where there is no room for money laundering.
The broker makes sure that you use the same credit card or bank account on which you have your exact name. In addition to that, you will have to deliver a picture of the credit card that you are using with the broker to deposit funds. This will prove to the broker that you are the actual owner of that account or credit card.
· KYC Policy
Okay, I admit that I was a bit skeptical about this one at first. I did not want to disclose a lot of information about myself on the internet to anyone. However, under the KYC policy, the broker had to obtain a lot of personal information from me. I was not going to agree with that but then I realize that it was for my security only. The broker needed my information to identify me. This would have allowed the broker to identify anyone who tried to sign up with the broker with my information. So, when you sign up with this broker, make sure that you are ready to give out your personal details as well as pictorial proofs of your identity.
· Segregated Funds
A broker can go against this policy if it wants. However, this move will be proof that the broker is not loyal with you. On the other hand, you have brokers that put every penny you deposit in your account in segregated funds. This allows the brokers to follow the standards and regulations of the online trading world. Moreover, it gives you peace of mind that your money is being maintained in safe bank accounts that are being held separately by the broker only for your deposits.
· Information Encryption
Another important thing that you have to confirm that your broker is providing you with is information encryption. You have to make sure that the broker you have signed up with is going to do something about the information you provide. Keep in mind that when your information is not encrypted, it travels insecurely on the internet lines. This means someone with basic hacking skills can get access to your personal information. They can then use this information to steal your identity. However, when your information is encrypted, it gets turned into a code that they cannot decipher.
This way, the broker makes sure that all the information that you provide on the website is safe. I can gladly tell you that this broker is very responsible in terms of security of the traders. The broker has proper encryption in place on the website to keep your information safe.
· Unmatched Customer
Despite the fact that the broker has made its online trading system so safe, you can still run into problems. And when you do, you need someone to help you then and there. However, that’s not what you will get from every online broker. I can tell you that the customer support from this broker is unique and probably the best among other brokers of its size. This broker has made its customer support available to you around the clock. In addition to that, you can access it through web contact form, phone number, and email address.
You can also use the call back option on the website so the broker can give you a call and resolve whatever matter is bothering you.
· Trade Only Currency Pairs
Why try your luck in a dozen different financial markets when you are new to trading. That’s the mistake that many new traders make. Yes, it is a great idea to diversify your portfolio by investing in many different assets. However, when you are new to trading, you don’t have any portfolio. There is no reason for you to trade in many different financial markets. You can focus on a particular type of asset and turn yourself into a professional by trading it in many forms. So, when you sign up with this broker, you will get a chance to be in the currency trading market. You can trade exotic currencies, minor pairs, and the major ones.
I don’t think there is a broker that has such a strong and 360-degree policy that covers everything about safety of the traders so well. When you sign up with this broker, you will breathe a sigh of relief that you are in safe hands. Your money and information are being held by a broker that really cares about you, and you can know that from every feature of its trading platform. So, if you are looking forward to trading safely, I highly recommend that you check out Pibexa. Learn more about Pibexa here.