When you begin looking for an online broker for your trading needs, you have to keep one thing in mind; your requirements, preferences and expectations will be different from the next trader. Therefore, you have to do some research before choosing a brokerage in order to find one that’s suitable for your specific needs. Otherwise, you will only have a poor trading experience and not be able to achieve your goals. Doing some research means checking out this XCGIN review when you are considering this platform. XCGIN is a relatively new forex and CFD broker, but its popularity has surpassed some of the older ones because of its offerings.
Nonetheless, you have to determine if the offerings are in accordance with your needs before deciding to sign up. It is tempting to follow the trends, but once you understand XCGIN’s offerings, it becomes easier to make a decision. What should you know? Let’s find out:
XCGIN’s Trading Instruments
In order to determine if a broker is the right one for you, the first thing you should look at is their trading instruments. You have to ensure that they offer the instruments you are interested in, or suit your risk tolerance. If they don’t, there is no point in signing up with them. You will discover that XCGIN has added a plethora of trading instruments that belong to different financial markets, which makes them capable of providing their services to all kinds of traders.
No matter what your risk tolerance, or your preferences, you will be able to find trading instruments that suit you. You can access some of the biggest markets at XCGIN and these include stocks, forex, indices, commodities and cryptocurrency. They have added the leading options from each markets, which allow you to diversify your portfolio, keeping your risks reduced and profits high.
XCGIN’s Trading Solution
The next most vital aspect of a broker that deserves your attention is their trading solution i.e. the software they provide for executing trades in the financial market. If the platform is too complex, you will not be able to trade easily and this can create problems. Likewise, if it doesn’t have the right tools or features, your performance will suffer. Therefore, you shouldn’t opt for a broker without assessing this feature and XCGIN ensures that all traders can easily adapt to its trading solution.
They have added a web-based platform, along with mobile trading apps for iOS and Android, to offer flexibility to their clients. The highly intuitive user interface of the XCGIN platform makes it easy to navigate and use. The powerful and sophisticated technology delivers quick and fast trade execution and the top-notch trading tools like fundamental and technical analysis, market news, economic calendar and trading signals can all come in handy.
XCGIN’s Account Types
Another offering of the broker that you need to consider to determine its suitability is the account types they have provided. This will indicate whether they are capable of fulfilling your trading needs or not. The purpose of designing these account types is to accommodate traders with different budgets, trading style and risk appetite and XCGIN appears to have done a good job through its five account options. You can choose from Silver, Gold, Platinum, Diamond and VIP accounts.
Each account has been equipped with different features, depending on who it is created for. Likewise, the minimum deposit also varies for every account at XCGIN and starts at €10,000 for the Silver account. €25,000, €100,000, €250,000 and €500,000 are the requirements for the other options. Whether you are a beginner, or a skilled trader, you can find a suitable account. Some of the features that you will come across include a welcome bonus, daily market reviews, weekly managed sessions, educational courses and monthly cashbacks.
These features and offerings of XCGIN indicate that the broker can cater to traders with different needs and provide them with a suitable solution.