Today, the Internet has opened up a world of possibilities for trading the financial markets of your choice from any place. But to do so, you have to create an account with an online broker, and that involves multiple tasks, including researching, narrowing down your broker options by considering some essential factors, making comparisons, and ending up with the right one. This is why many traders felt exhausted during their early time in the trading world.
Only if you choose a good company for your trading needs can you have no trouble accessing your preferred instruments and take advantage of the opportunities. For this reason, you should go through our BNB Trades review to save time when selecting a brand. We share our opinions about the quality of service that the firm provides so that you can determine if it’s worth your time.
Platform For trading
BNB Trades allows users to trade and invest in popular trading instruments using the globally renowned MT4 platform. It is considered a user-friendly software with no complexities of navigation that may irritate new users. Moreover, it has proven to bring customers a professional trading experience, as shown clearly by several awards and honors earned along the way.
The platform offers plenty of real-time data, including indicators and signals, enabling staying updated with market news for more effective online crypto trading. It is additionally compatible with all major operating systems. You can access the trading hub through a web browser regardless of your current devices.
Instrument Coverage
Trading CFDs with BNB Trades gives you access to a wide range of global markets, covering cryptocurrencies, precious metals, stocks, forex, shares, indices, and commodities. It appears that the company’s target audience is different types of traders. Notably, there are over 60 cryptocurrency pairs available with them. If you want to make a forex trade, you can choose from major currency pairs and some emerging market pairs.
Low-volatility stocks and indices help investors hedge in down markets. Besides, investing in commodities and precious metals can be a good way to diversify your portfolio. Leverage looks optimal, with a minimum of 1:100 for the Bronze account and a maximum recorded at 1:400 for the VIP Platinium account.
Account Options
Lastly, we want to delve into the account solutions that BNB Trades provides. There are four account tiers, and the list includes Bronze, Silver, Gold, and VIP Platinium.
There aren’t any significant differences between these account options. All accounts get help from a personal account manager, trade cryptocurrencies and other instruments with no commissions, have market execution with no requotes and floating spread, get scalping allowed, and have unlimited open positions. The only difference we notice is the leverage ratio. As discussed in the previous part, the leverage increases when you move up the ladder.
Bottom line
We were impressed that there are no trading commissions with BNB Trades, and it’s quick and easy to register with them. The customer support team is on hand 24/7 to support any issues traders may have. The product offering is generous enough to cater to a broad customer base. If you are familiar with trading on the MT4 platform, you shouldn’t pass this brand.
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