Falcon Broker Review – Why Traders Should take a Closer Look at this Broker
Falcon Broker Review
Falcon Broker claims to be a gateway to web3 and the currencies of the future by providing its clients with access to CDIs, or crypto-denominated instruments. These resemble traditional trading instruments you see with regular brokers, but in this case, they are priced in a crypto coin like USDT.
At the same time, we’re talking about a regulated online broker, given the brand is registered with the FSA and authorized by M.I.S.A as an international brokerage and clearing house company. If things look good up to this point, then you should learn more about the Falcon Broker offering.
Accounts
There are 4 account types you can choose from. The Academy account seems like the most affordable, incorporating spreads from 1.5 pips, technical support and 5 USDT commissions per lot. You are also depositing in USDT, so there is no need to deal with fiat currencies.
The second account is Standard and in this case, spreads get tighter and the commission is cut into half. Naturally, you will have to deposit more funds to access it. A third option is the Falcon Trader account, which allows traders to gain access to the company’s capital. It’s possible to earn up to 90% of the profit and manage up to 500,000 USDT.
Falcon LP is the 4th account designed by the broker and it’s meant for expert traders who want to act as liquidity providers. The account requires equity of minimum 250,000 USDT and it offers the possibility to earn commissions and rebates.
Wide Range of CDIs?
According to Falcon Brokers, traders can choose between hundreds of crypto-denominated instruments, or CDIs. These tokenized assets span across the major markets, including digital assets, FX, stocks, indices and commodities.
As the name suggests, all assets are priced in crypto and based on our research, the overall trading experience is relatively the same. The only difference is that you will use your crypto wallet when making deposits or withdrawals.
Security of Funds
Since traders deposit crypto with Falcon Broker, they want to know for sure that their funds are always kept safe. According to the company, the risk management measures it embraces ensure that customer crypto assets are always protected. The majority of funds are kept in secure offline storage, or cold wallets.
Security is also reinforced by regulatory compliance. Falcon Broker is a licensed brokerage, who also happens to have partnered up with some of the biggest cryptocurrency exchanges in the world. All of these combined suggest the brand is fully into using reliable solutions, based on smart contracts.
Summary
Trading CDIs with Falcon Broker looks appealing, based on our comprehensive analysis. The brand managed to design an offer aimed at traders with different levels of expertise. In case you already have a consistent track record, the Falcon Trader account might be the right choice. Also, professionals could be interested in the Falcon LP account, which is a solution not seen too often.
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