Bullquote seems to be one of the leading online brokers in the industry at the minute, and their popularity seems to be rising exponentially.
However, as with any large and reputed trading brand, there might also be a plethora of concerns and queries that come along with the many positives and praises.
It is more than just logical to be hesitant when looking to try out a new trading website. Of course, whenever capital is involved, the stakes are naturally very high.
Let’s take a look at whether Bullquote is worth your time, or whether they are just another sub-par brokerage trying to cash in on the crypto craze.
Enticing Rates & Expert tools At Your Disposal
Bullquote offers its users a plethora of advanced tools in order to precisely monitor and track the markets, and as will be discussed in the next portion of this review, they also do an incredible job of explaining these utensils to beginners too.
On top of this, for all of you seasoned traders out there, they also offer very attractive spreads that rival even the most inexpensive of platforms.
Don’t worry if you aren’t too familiar with spreads – just know that Bullquote offers enticing spreads, and that will probably turn out to be a great plus for you in the future.
Aside from the brand’s impressive crypto list, it also offers a variety of tools to help users trade with confidence, such as leverage and short-selling, showing that they are indeed one step ahead of the competition.
All of their fees and user-costs to partake in trading with them are relatively low. You can find the prices and constantly updated rates on their website at all times.
Beginner-Friendly & Concise
Despite the fact that Bullquote offers a variety of advanced trading tools and precise instruments, Bullquote can definitely still be considered a beginner-friendly site.
Today’s volatile market conditions, especially in the crypto sphere, are a good enough reason for those with no experience to shy away from online trading. However, Bullquote goes above and beyond most crypto sites by explaining in detail exactly what each tool is and does, and even absolute beginners can find themselves mastering the core concepts relatively quickly.
Tools like pip digits, spreads, and leverages are all explained on their site in a clear, easy-to-understand manner, and they do a phenomenal job at explaining alien concepts to people who are new to the industry. This puts Bullquote in a unique spot with them being able to cater to both beginners and seasoned investors alike.
Veteran investors can jump straight in and use all of the tools at their disposal to start trading straight away, whereas beginners can take their time to get familiar with all the key concepts and slowly lean their way into trading.
Bullquote provides a space for people at all levels of knowledge, They put a whole lot of effort into making everyone feel comfortable, and it shows.
Despite the very positive impression we hold after reviewing the Bullquote offer, infrastructure and service standard, we must mention a few shortcomings. First of all, they do not offer an app of their own. Their WebTrader is very mobile friendly, but for those who prefer an app, that is something to note.
Secondly, they don’t have an onsite chat. Support is granted through various means of communication, including phone and direct messaging, and the service representatives are always quick to respond. However, having a chat option could make things a bit better.
Despite this, we can definitely say that we recommend Bullquote as a trustworthy broker. Their advantages definitely outweigh their shortcomings.
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