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Trade is especially noted for its innovative crowd trading platform that is based on research indicating that group behavior patterns can reveal market trends before they appear as exchange rates or prices in the market.
The proprietary trading tools employed by Trade measure how market sentiment changes in relation to other market indicators. This can result in an above average forecast of future market trends. While the company does not yet provide trading advice, their indicators and signals can be used in making trading decisions. The unique interface offers live data feeds of crowd activity that provide traders interested in the behavior of crowds, with a basis upon which to make a trading decision.
Trade offers clients their own proprietary crowd trading platform called CrowdTrader. This platform gives clients access to a number of custom built tools that traders find particularly useful.
The CrowdTrader platform does not require a download and can be accessed through any current web browser and operating system. Also, a mobile application for the software is available to run on Android mobile devices, and an iOS version is offered for use on Apple iPhones, iPods and iPads.
One of the advantages of using the CrowdTrader platform includes getting alerts that allow the trader to keep ahead of possible market trend developments.
The system also detects trend reversals in a timely fashion that become evident as crowd sentiment shifts. With the CrowdTrader platform, the trader can place trades and monitor position in hundreds of different trading instruments, which include major currency pairs, indexes, commodities, stock and CFDs. A favorite CrowdTrader feature is that it allows the trader to monitor the market through a live feed, showing market trends taking place and changing in real time. The platform gives information on market movements and what the crowd is doing, in addition to execution capabilities.
The higher the initial deposit, the more Cashback Trade will pay out. In addition, you can use bank wire transfers, Skrill and Neteller to fund trading accounts. Trade charges no fees on deposits. Withdrawals from a Trade account usually take between three and ten business days depending on the withdrawal method. A clear image of the front and back of the credit or debit card must be included for the withdrawal to credit the appropriate account.
The company offers its clients support through email, live chat and telephone lines. The staff seems helpful and gives out valuable information on crowd trading, which is a somewhat unfamiliar subject to many traders. Trade provides its clients with system generated trading signals that can be used to determine developing trends in the market.
Traders familiar with crowd trading methods can use these signals and incorporate them into their trading plans.
In addition to its CySEC oversight, which ensures the broker is duly regulated, Trade keeps their customer information secure. The company uses an advanced Verisign SSL for the authentication of users and data transfers. Also, Trade uses two layers of firewall protection with one at the server level and one at the application level that ensures that no unauthorized access attempts are made. Also, advanced SSL encryption ensures that all customer data is secure.
Trade is a unique type of regulated broker, providing a social trading service that can be extremely useful to many traders. The broker also allows for trading in a wide array of financial instruments. Their proprietary online CrowdTrading platform is fairly easy to use, although it can be a bit difficult to navigate relative to the platforms supported by other brokers.
Still, it uniquely offers traders potentially valuable and timely market information based on what large groups of people are doing in the market. In addition, the platform is available for mobile devices running Android or iOS operating systems. Also, trading spreads seem to be wider than those at other brokers, which can adversely affect the profitability of very active traders. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services.
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