Towards Source Review
Looking for a broker? Anyone wanting to trade an instrument, whether its stocks, forex currency pairs, or cryptocurrencies, will need one. How else will you enter the financial markets?
The good news is that the internet is bursting to the seams with the sheer number of brokers, but the bad news is that not all of them are solid or trustworthy. There are some shady ones mixed in, some just not good enough and others that are pure scams. A Towards Source review would be able to give you an idea of which category it falls into. After all, this is the whole purpose of reviews.
Some people are too eager to get started and skip this step, which can be nothing short of a disaster. In today’s age, no one makes any purchases without doing some research and this should also be applicable to brokers. Why? It is because you have to trust them with your hard-earned money and your personal information and you don’t want it to end up in the wrong hands. Your plans of earning high returns from the financial market will simply go down the drain and this is an outcome you don’t want.
You want to take advantage of the opportunities that exist in these markets, as people have been doing so for years, and it has become quite a hotspot because of cryptocurrencies as well. A broker is your gateway into these markets and they have to be good at what they do to help you achieve your goals.
All it takes is a little time and research and you will be able to avoid any inconveniences or unwanted consequences in the foreseeable future. It is not that hard to do because you just need to study the offerings of the broker, like you would of any other company you want to buy something from.
A quick Google search will net you a multitude of options and one of these is Towards Source. It ticks all the boxes, but to be fully-satisfied, you need to do a step-by-step study of its services and then reach a conclusion. What kind of a broker is it? Find out all you need below:
A Quick Overview
|Trading Accounts||Four Account Options; Basic, Silver, Gold and Platinum|
|Assets Coverage||Forex, Cryptocurrencies, Stocks, Indices, Commodities, CFDs and ETFs|
|Trading Tools||Trading Indicators, Signals, Live Charts, Technical Analysis Tools, Price Alerts, Market Calendar and Risk Management Tools|
|Education and Training||Yes; , glossary, e-books, online video courses, webinars, tutorials and market analysis|
|Customer Support||24/5 through email, phone number, online contact form|
|Security Policy||KYC (Know Your Customer) and AML (Anti-Money Laundering)|
|Parent Company||Towards Source|
Step 1: Start with security
It might not make sense to begin your study of a broker with their security when you should be looking at their assets or platform as those are their primary offerings. However, it is the most prudent thing to do because if they cannot keep your information or money secure, you should just steer clear of them altogether.
Statistics indicate just how much cybercrimes have intensified over the past few years and financial markets have become a major target due to the influx of traders. It is better to be safe than sorry, so you need to know what kind of security Towards Source is providing.
A quick check shows that they are using advanced encryption technology for protecting all data and communications with their clients. Their website also boasts SSL (Secure Socket Layer) certificates, which means that all website traffic is encrypted and monitored to prevent hackers from gaining access.
Their operational accounts are kept separate from the customers to prevent any kind of misappropriation or mixing up. Plus, the deposits are maintained in accounts with the well-reputed institutions to keep them safe. Towards Source has also opted to comply with the AML (Anti-Money Laundering) and KYC (Know-Your-Customer) security policies.
In accordance with their procedure, traders are required to provide documents for proof of identity, like their government-issued ID card, an international passport or a driver’s license. Regardless of what you submit, it should be up to date and not near expiry.
Secondly, proof of address is also needed and this can be provided by providing a utility bill, such as water, gas, phone or electricity. You can also submit a bank statement or credit card bill, as long as they show your full name and address and are not more than three months old. Bear in mind that you have to provide these documents for conducting withdrawals on the Towards Source platform.
Step 2: Now look at the assets
After you have reassured yourself that you will not be completely vulnerable to security concerns, you can check out the assets you are being offered to choose the ones you want to trade. Towards Source has added quite a variety to appeal to its clientele; over 200 trading instruments can be found and they belong to the top global financial markets, which means there is a lot of return to be made.
Moreover, it also ensures that traders can find something that works for their trading style and risk appetite. Some of the options you will find are:
Cryptocurrencies: One of the top reasons why people are rushing towards the financial markets these days is because of cryptocurrencies. These trading instruments have turned out to be quite profitable, and as the market grows, the potential returns also grow. You can trade some of the top options, like Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Monero and ZCash, amongst others.
Stocks: If you are looking for more traditional options, the stock market is an excellent place to start. Buying and selling shares of some of the world’s leading companies has always been profitable and Towards Source helps you in trading plenty of stock CFDs. Some of the bigwigs you can check out include Amazon, AT&T, Pfizer, PayPal, Apple, Facebook and Google.
Indices: Similar to the stock market, the indices market is also quite lucrative and can provide substantial returns. There are some great indices available like NASDAQ 100, S&P 500, CAC 40, Nikkei 225 and FTSE 100.
Forex: The volatility of the currency market has allowed it to enjoy extremely high daily trading volumes, making it the world’s largest market. Towards Source offers you a plethora of currency pairs to trade, such as GBP/USD, NZD/CAD, USD/CHF and EUR/USD.
Commodities: Another market that has been around for long and known for its consistent returns is the commodity market. You can try different commodities, according to your preferences, such as precious metals, agricultural items and even energies.
Along with these offerings, you will find that a bunch of ETFs (Exchange-Traded Funds) have also been added by Towards Source on their platform. It allows every trader the opportunity to diversify their investment portfolio, which is great because it can help you in mitigating the trading risks and maximize your profits.
Step 3: Check their trading platform
To trade in the financial markets online, you require a software that’s known as the trading platform. This is provided by online brokers and in most cases, they develop their own. There are different types of platforms that can be found, such as a desktop one, which has to be downloaded on desktops, a web-based one that’s accessed through the browser and a mobile one, which as it indicates, is used on mobile devices. There are some platforms that already exist in the market and some brokers may simply choose to offer one of them.
Others may prefer to develop their own in order to cater to their clients in a better way. Towards Source has also chosen the option of personalizing their trading platform, so they have provided a web trading solution. Designed for both beginners and advanced traders alike, this platform doesn’t need to be downloaded and can be accessed from their website. This is quite convenient because it means you can use it on any device that boasts a browser. The most important part is that it still uses innovative technology, so it offers a feature-rich trading environment.
You can trade in a single click and enjoy instant trade execution. Stats show that it provides 99% execution under 1 second, which is undoubtedly impressive. Towards Source has kept the user-interface and navigation simple and intuitive to allow traders to get the hang of the platform quickly. Moreover, traders are also allowed to customize the layout and this makes it easier to use it with minimal time in learning how to use it. Apart from that, it doesn’t run short on tools either, as some of the best ones have been added to the mix.
First off, you can trade multiple assets from a single dashboard, which saves time and is less of a hassle. Secondly, you can use advanced charts, get trading alerts and signals, keep up with the market news, track events through the market calendar and also execute different order types for managing your risks. You can also find technical indicators and different analyses to help you out. Towards Source has also added mobile support for their trading platform because a large number of traders prefer to trade on the move nowadays.
This flexibility is also quite appealing and the trading platform works seamlessly with both iOS and Android devices. This enables you to trade from anywhere and not have to miss out on any opportunity. An ETF trading platform is also available at Towards Source that allows real-time trading and you can trade bundles hand-picked by expert analysts.
Step 4: Look for educational resources
Even though trading doesn’t really come with any prerequisites regarding education and knowledge, you should be aware that luck will only get you so far. Eventually, you will need an understanding of the market to succeed and this is where educational resources can help. While the internet can provide you with a lot of material, there is no guarantee that it would be accurate, reliable and up-to-date. You need expert and comprehensive knowledge and this is where Towards Source can help.
You will come to know that they have added extensive learning and educational material to their platform for helping their clients in polishing their knowledge and skills. This information is provided in different forms at Towards Source, including various trading courses, trading webinars by industry experts, info-rich trading videos, along with a glossary comprising of meanings of relevant trading jargon. You can take advantage of these resources to turn your failures into successes.
Step 5: Assess their support
Support is crucial everywhere, but it is even more so where trading is concerned because of the volatility of the financial markets. In a single second, you can make or lose hundreds or even thousands of dollars. Therefore, if you have a problem, you want to get help right away because even a slight delay can be a recipe for disaster.
It could be help with your trading account, withdrawals or a technical issue with the trading platform. What kind of support does Towards Source offer? First, you will find an FAQ section where they provide answers to potential questions. If your solution doesn’t exist there, you can reach out to their customer support team that’s available 24/5, but how do you do that?
Towards Source offers several channels, including phone, email and an online contact form that you can fill. You can find all of these options on their website and can pick one, depending on the urgency of your problem and your comfort level. Their agents are friendly and prompt, so you will have your solution in a timely manner.
After this step-by-step study of the offerings of Towards Source, traders can conclude that it is a reliable broker that can help you trade in the financial market of your choice.