Mobatrade Review – Is Mobatrade Scam or Legit
Gone are the days when you required a big chunk of money and years of experience to trade in the financial markets. Today, the internet has made it easy for everyone to access these markets, even with a small amount of money and the basic knowledge of how to trade.
However, many potential traders do not know how to begin their trading journey. The simple answer to that confusion is you need to find a broker who will allow you access to the instruments you want to trade. The broker will also provide you with a trading platform.
Currently, there are thousands of brokers available, but it’s advisable to sign up with a professional one to strive in the financial markets. One of the brokers is Mobatrade. The big question is, is it any good? This article seeks to review its services.
Deposits and Withdrawals
Mobatrade avails of several deposit methods for its customers. You can fund your trading account using credit cards, crypto, and bank transfers. The broker does not charge deposit fees in any of the methods; therefore, you can select the method as per your preferences.
That said, you can only withdraw using the same deposit method. In most cases, deposited funds reflect on your trading account instantly. To withdraw funds, go to the client area and submit a request. After approval, the funds will reach you within 1-5 business days, depending on your withdrawal method.
Analyzing a broker’s security features is essential to determine if you’re going to have peace of mind while trading. No one wants to constantly worry about their funds or personal information being stolen. Mobatrade understands this and has invested heavily in security.
The broker uses a segregation account policy to keep clients’ funds. That means they are deposited with trusted financial institutions and kept separately. Mobatrade also uses Secure Socket Layer (SSL) encryption to protect its clients’ information and ensure it does not land in the wrong hands.
On top of all these security measures, Mobatrade adheres to Anti-money Laundering and Know-Your-Customer policies. As a result, customers have to verify their identity and provide proof of payment which helps to curb financial fraud, money laundering, and terrorist financing.
Once you are satisfied with the security features, the next thing you should scrutinize is the trading platform. That’s necessary because it is an area you will spend most of your time on. Before signing up with a broker, gauge how easily you are able to trade instruments or open and close positions.
Mobatrade has its own trading platform built with powerful technology. Its simple user interface makes it easy for every trader to use. In addition, trades are executed fast, thus allowing traders to take advantage of every market movement.
Mobatrade’s trading platform layout is customizable, which means traders can design it as per their preference. The broker has also delivered multiple trading tools that help traders make proper decisions. The trading platform has several technical and fundamental analysis tools, trading indicators, and charting tools.
Another thing to note about the trading platform is that it’s web-based. Therefore you can use it on your mobile device or desktop, depending on your preference. This gives Mobatrade customers flexibility since they can trade from anywhere.
If the trading platform impresses you, you might want to know what’s tradeable on it. Since it’s the trading products that generate profits for you, it is important to analyze them. Check whether the broker gives you access to those that are most profitable.
Mobatrade provides access to a wide selection of trading products, including cryptocurrencies and multiple forex pairs. In addition, the broker allows its customers to trade stocks of several globally recognized brands.
It is super easy to Create a trading account with Mobatrade. What’s more pleasing is the broker’s strong security features which give customers peace of mind. In addition, the customer support team responds fast and is happy to assist where possible. We hope this review will help you make a good decision.
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