A broker review is a vital part of choosing a broker to use. There are many factors that you should consider. These include regulatory framework, payment methods, customer support, and the availability of various assets. Whether you’re just starting or an experienced trader, a broker review can help you decide whether to open an account.
Wire transfer
One of the perks of trading currencies is the convenience of a wire transfer. While it may not be as convenient as sending a cheque to a bank, it is much more secure. In most cases, you will not incur any charges for the transfer. And as long as you request before the broker’s business hours kick in, you are free to get down to the actual trading business.
Zen Trade is no exception. Like many forex and CFD brokers, they don’t offer a traditional deposit method, though they accept deposits in the form of cryptocurrencies. Although they’re not a new entrant, the company has been around for a while and boasts a sterling track record. In addition, they offer several innovative features, such as copy funds and a multi-asset trading platform.
Credit & debit cards
If you are lucky enough to be a client of Zentrade, you may have been able to snag a credit card from them. To qualify for a card, you must first sign up for a live or online account. Once you have a card, you can use it to make purchases or cash out at any ATM. Alternatively, you can also opt for the mobile variant.
As for what you get in return for your hard-earned cash, Zentrade doesn’t specify. But, they do offer an impressive array of banking and payment options, including mobile and online. Thankfully, the website is easy to navigate, and the customer service team can help quickly. So, if you have any questions about your card, feel free to give them a call.
Bitcoin
Zentrade broker is one of the most renowned binary options brokers. However, many investors have experienced losses with the company. This has caused them to write reviews and complain on online trading forums.
Zentrade is a financial investment service that offers binary options on a range of tradable assets. It is not affiliated with a regulated forex firm. It is an offshore broker.
The company is registered in Saint Vincent and the Grenadines. Moreover, the company is not licensed by any regulating agency in the USA, UK, Australia, or Hong Kong. As a result, it cannot be considered to be a reputable company. Nevertheless, it does offer various bonuses and rewards.
The company does accept payments using credit and debit cards, as well as through bank wire transfers. The company also provides support via email and live chat. In addition, traders have the option of securing their accounts with cryptocurrencies. Although, there is no guarantee that these funds will be refunded.
Customer support
It is best to keep your options open if you’re looking for a broker that provides stellar customer service. This is especially true if you are dealing with a newbie. However, there are several pitfalls that you need to avoid to ensure the best possible experience.
Customer support is a top priority for any trader, so it is only natural that you want to know how your company stacks up. For example, what is the minimum deposit? Also, what are the payment methods available? Knowing the answer to this question is vital before you leap. You can also ask your broker for a copy of their client policies and guidelines. Lastly, how good is your customer service, and how well are they trained to handle your questions and concerns?
Regulations
When you want to start trading financial markets, you need to open an account with an online broker. You should make sure that the company you choose is licensed and regulated. This is the easiest way to check if the broker is credible.
A reputable forex broker will choose to register in a jurisdiction with the regulatory authority. Stricter jurisdictions are costly, but they also provide more protection for individual traders. It is best to avoid brokers that are registered in foreign countries. If you need to verify the information on your broker, use the Financial Conduct Authority’s website.
The FCA website lets you search by name to see if the information on your broker matches. In addition, you can check the contact information for your broker.