There has been an exponential increase in the number of brokerages operating in the financial markets, which means you will be flooded with options when you begin searching. Sure, this does have its benefits because it gives you the freedom to find a platform that can provide you what you are after and you can benefit from the competitive services. The downside is the effort you have to put in to find the one broker that works for you. This can be a very daunting task and you can simplify it by focusing on distinguishing a platform from others. The following EcoMarkets review uses this tactic.
Headquartered in Amsterdam, Netherlands, EcoMarkets is a forex and CFD broker that enjoys a good reputation in the market. You will also be pulled to it because it seems to be a good option, but distinguishing it from the rest can make the decision simpler. Check this review in order to accomplish this goal:
Access to multiple markets
The fact that EcoMarkets allows its clients to access multiple markets via one trading account is the first distinguishing feature of the brokerage. Even though many companies do promise you this feature, it doesn’t take long for people to find out that most of them just offer a handful of instruments to trade. This is not a problem you will find here because they have added instruments from various financial markets in one place. You can choose from the stock, forex, cryptocurrency, commodity and indices market and this allows you to diversify your portfolio, as per your preference.
Adherence to KYC and AML policies
Another feature that has helped EcoMarkets in distinguishing itself from its competitors is their adherence to KYC and AML policies. These are known as Know-Your-Customer and Anti-Money Laundering policies, respectively, and are used internationally because they help enhance the security of an online platform. In accordance with these policies, traders have to provide proof of identity and proof of residence for verifying their account.
For proof of identity, you can submit a government-issued ID card, an international passport, or a driver’s license to EcoMarkets and for proof of residence, you can share any utility bill (water, electricity or gas), a bank statement or a credit card bill. Once your account is verified, you can use it for conducting transactions easily.
Availability of educational resources
The financial markets are constantly evolving and you need to be well-informed for making timely and smart decisions. Keeping this in mind, a number of educational resources have been put together by EcoMarkets for its clients. These are not only aimed at helping beginners in understanding how the markets work, but can also help skilled traders in polishing their skills and learning new strategies.
You will discover that Ecomarkets has added these resources in different forms, which makes it easier for traders to learn. You can choose from a glossary, e-books, guides and articles, online courses and video tutorials, as well as seminars and webinars. In fact, one-on-one training sessions with experts are also given for the ease of the traders.
Numerous payment channels
It is understood that you will have to make deposits and withdrawals for trading via EcoMarkets and to do this, you need to look at the payment channels they offer. You will discover that there are both traditional and modern payment solutions available here, which makes it very convenient because every trader is able to find a suitable option. If you prefer the traditional choices, you can opt for bank wire transfer.
If you want quicker options, debit and credit cards are supported at EcoMarkets and these include VISA, MasterCard, Maestro and other options. You can also take advantage of online payment options, such as Neteller and Skrill, which allow payments to be processed quickly.
The Final Verdict
Along with top-notch customer support and security of data and funds, it is easy to distinguish EcoMarkets from the rest of the brokers and use their services for a good trading experience.