One of the biggest trends these days, which doesn’t seem to be slowing down, is online trading. With thousands of opportunities in the financial markets and the ease with which you can trade, it is not surprising to see how popular it has become. As technology and the internet has made trading simple, there has been a huge influx of traders in the market and to keep up with this demand, a huge number of brokers have also been established. This means that a good number of options are available when you start looking for one, but it can often make the process daunting as well.
With so many choices, how can you decide which one to go with? Each one will appear to be better than the previous one, and you will be left utterly confused at the end of the day. Plus, you cannot just take them at their claims either, because every platform will declare themselves the best. The key is to evaluate what features and services are available and then make your decision. BITOPPS is also one of the numerous choices available, and you can evaluate it before you sign up for it, as it does have a strong reputation in the market.
- Evaluating the security infrastructure
This is considered an important step because you have to share sensitive data with a broker and trust them with your money. Hence, you want to know what’s being done to keep them safe. BITOPPS has a strong security infrastructure, as they have used technology and international policies to create an optimal environment. They are compliant with international security policies of Know Your Customer and Anti-Money Laundering, commonly known as KYC and AML.
Along with these, they also use strong encryption for protecting your information and to ensure it doesn’t fall into the wrong hands. To protect customer deposits, they have opted for account segregation i.e. keeping it in separate accounts from the company’s own. They are only used for trading purposes and are returned to clients in the event of suspension of services or bankruptcy.
- Evaluating the trading platform
Since you will spend most of your time using the trading platform offered by a broker, knowing what kind of performance you will get can make a big difference. BITOPPS has developed its own, proprietary web trading platform that is powered by innovative technology and has been equipped with advanced tools and resources. It provides flexibility, as you can use it on any device available, rather than downloading and installing it in one.
To access it, you have to visit BITOPPS’s website and log into your account. The platform doesn’t lag and executes trades at ultra-fast speeds. You can receive real-time price alerts, use charting tools and custom analytics, get trading signals and indicators and also keep up with the latest market news, all of which help in making trading decisions.
- Evaluating Registering, Accounts and Banking
You will also discover that registering at BITOPPS is straightforward because there is only one form to be completed. It doesn’t take more than a few minutes, as only basic information is needed. The broker has put together six account choices for you, which are Basic, Bronze, Silver, Gold, Platinum and Black. These come with different deposit requirements and an array of features, such as dedicated account manager, daily market review, one-on-one training, Islamic accounts, custom analytics, premier events, exclusive position access, education center access, personalized trading strategy and round-the-clock support.
The minimum deposit is €1,000 for Basic while maximum is €100,000 for Platinum. Black account has a different criteria, reserved for professional traders. The banking methods you will find include debit and credit cards, bank wire transfers as well as e-wallet solutions like Neteller. You can pick one that seems easy and convenient to you.
This evaluation indicates the BITOPPS can be the right partner for traders, regardless of their experience or background.