Neuer Capital Review
When the first cryptocurrency, Bitcoin, was introduced in 2009, no one could have imagined the repercussions it would have. As a matter of fact, it didn’t impress a lot of people in its early days and remained unregulated because its volatile nature was considered to be a flaw. Today, Bitcoin is the leading cryptocurrency in the market that is worth billions and there are more than 5,000 crypto coins to be found. Even though they still remain unregulated, their volatility has helped thousands of people all over the world earn millions and that too in a very short span of time.
There was a time when crypto was only used by a limited number of people and criminals took advantage of its anonymity. But, the outlook has changed significantly, particularly after what happened in December 2017. During this time, Bitcoin and other cryptocurrencies surged and the pioneer crypto achieved a value of $20,000. Those who had had the foresight of investing in it were able to make copious amounts of money. Now, there are hundreds of thousands of people who want to do the same and so they are turning towards the cryptocurrency market, in hope of repeating this success.
Consequently, cryptocurrencies have become an extremely popular instrument in the trading world. Traders all over the world are clamoring to add it to their investment portfolios, prompting brokers to add crypto to their asset index. The problem is that most brokers don’t offer more than a few options, such as Bitcoin, Ethereum and Litecoin, even though there are a ton of cryptocurrencies in the market. While you do want to invest in the top ones, some of the newer ones also have a lot of potential and trading them can help you maintain a balanced portfolio. But, how do you do that?
The key is to look for brokers that solely focus on cryptocurrency trading because they will usually provide a variety of options to choose from. Rather than sticking to just a couple of crypto, they will give you a bigger asset index. With the popularity of crypto trading, the number of such brokers has increased tenfold and you ca find a horde of brokers ready to offer you crypto trading services. But, it is not the time for you to be irresponsible. You need to be wary because there have been numerous scamming incidents involving crypto brokers and you could end up on the wrong side of the road.
Before you choose a broker, you have to ensure that they are really who they say they are and not just another con. Doing so can save you from a lot of headache in the long run and you will be able to trade cryptocurrencies with complete peace of mind. When looking for brokers that are dedicated to crypto trading, you will find Neuer Capital on your list. A relatively newer broker, it has become a popular choice in the market and has caught the eye of many traders in search of a reliable broker.
Expand Solutions Ltd., a company based in the Republic of Seychelles, established this broker in order to keep up with the growing demand of a professional investment platform for trading cryptocurrencies. The unregulated and volatile nature of cryptocurrencies has already added an element of risk to this financial instrument and traders prefer to use a broker that can offer them some form of legitimacy. Neuer Capital is just that broker because it is licensed to provide financial services to traders all over the globe. The beauty of this brokerage is that it is capable of accommodating the big and professional investor, along with the newbie and novice with no experience or knowledge whatsoever.
The team behind Neuer Capital has done an exemplary job in creating a platform that can provide traders a great opportunity of trying their luck in the crypto market, in order to profit from this ongoing trend. The broker facilitates Contracts for Difference (CFD) trading, which is a lot less hassling and has incorporated everything that can make crypto trading a profitable journey for the traders.
The features that have been incorporated by Neuer Capital for assisting its clients in beginning their cryptocurrency trading journey are highlighted below:
Feature 1: An Exclusive Range of Cryptocurrencies
If you are thinking about trading cryptocurrencies, there is a good chance you have already made up your mind about the ones you want to trade. So, when you are looking for a broker, you have to check if they are offering the ones you want or not. If they aren’t you have to choose a different broker. It is best to select a brokerage that offers you as many options as possible because even if you don’t want to trade a lot of crypto right now, you might want to do so later on. Changing brokers can take up a lot of your time and also cause a lot of stress and inconvenience.
It is smarter to make the right choice from the beginning and this is exactly what Neuer Capital is. The broker has become renowned for offering an exclusive range of cryptocurrencies for its clients, which means that no matter what your interest might be, you will definitely find it here. Moreover, it is also the perfect option for accommodating the growing and changing needs of crypto traders, as they learn their way around the market. The options at Neuer Capital start with some of the top cryptocurrencies like Bitcoin, Litecoin, Ripple and Ethereum, but they don’t just stop there.
The broker has also incorporated some newer and lesser-known options like IOTA, Binance Coin, NEM and Qtum. They are also adding more cryptocurrencies to the mix, which means that traders will be able to enjoy maximum investment opportunities when they decide to use Neuer Capital for their crypto trading activities.
Feature 2: No Complicated Prerequisites and Requirements
As cryptocurrency trading is not regulated by any organization, some crypto brokers have come up with their own rules and requirements for allowing traders to get started. This can often make it stressful for traders to sign up with brokers and they have to put up with a lot of requirements. No one wants to deal with these complications when they want to trade cryptocurrencies. At Neuer Capital, you don’t have to do any such thing. The broker has gone to great lengths to keep their registration process simple and easy for traders, whether they are beginners or skilled traders.
If you want to use their services, you have to visit Neuer Capital’s website and click on the Register option. This will take you to a form that asks you to share your first and last name, your phone number and your email address. You have to enter a strong password and decide which currency you wish to use for making your deposits and withdrawals. The broker allows you to choose from USD, Euro and GBP, as it is catering to traders from all around the world. Next, you have to agree with the Terms and Conditions they have mentioned on the website.
Once doing so, you click on the Register button and your work is done. You will not be registered with the broker and can check their trading plans to decide which account you wish to open.
Feature 3: Comprehensive Account Selection
To be able to use a broker’s services, you have to open an account with them after completing the registration process. Brokers offer several account options to their clients most of the time because they understand that traders do have varying needs. Therefore, one account option for everyone will not suffice. Neuer Capital has also come up with comprehensive account plans for their clients and the most appealing part is that they offer six options, with each of them providing unique features and tools to their users. Take a look at their account plans:
- Basic Account
This particular plan has a minimum deposit requirement of €1,000 and provides some very basic features, like its name. It is because Neuer Capital has introduced this account for its newbie clients. They can enjoy the educational center of the broker, attend its Pro webinars, get free daily market review and use 24/6 customer support in case they need help.
- Bronze Account
€10,000 is the minimum deposit requirement of this account at Neuer Capital and it provides traders access to all features of the Basic account. Along with them, traders can also benefit from price alerts and an account manager, available for a month.
- Silver Account
The minimum deposit requirement for this account has been set at €25,000 by Neuer Capital. The additional features that traders can enjoy under this account type include the availability of the account manager for three months. Plus, five times a day, traders can also get PIA Trading Signals.
- Gold Account
Neuer Capital has added this trading plan for its intermediate traders who have knowledge and experience. Hence, they can meet the deposit requirement of €50,000 set for this account. They will be able to use their account manager for up to six months and the trading signals’ frequency is also increased to 10 times a day because they have a higher trading volume.
- Platinum Account
To cater to its skilled clients, Neuer Capital has come up with this account option that asks for a deposit of at least €250,000. Traders using this account will get unlimited trading signals and they can avail the services of the account manager for a year. Additionally, the broker provides them with PIA SMS signals as well to help in making smarter decisions. Lastly, they can also create a personalized trading strategy.
- Black Account
The last account plan that you will find at Neuer Capital is meant for VIP or professional traders who have extremely high trading volumes and need special trading conditions. To open this account, you will have to discuss it with your account manager. Every feature, tool and resource offered by the broker is available under this account. In addition, these traders are able to take advantage of one-on-one training by experts and use exclusive position access as well.
Feature 4: Making Payments in Multiple Ways
After you check the account plans at Neuer Capital, you can take some time to choose one you are comfortable with. You can opt for the one that suits your trading style and once you have done that, you need to deposit funds with the broker to fulfill the minimum deposit requirements. If you don’t deposit the minimum amount, you cannot start trading. To make your deposit, you can check what payment methods are offered by the broker. Not every trader will want to use the same option, so every broker offers multiple options to their users.
Neuer Capital has done the same in this regard and it gives you the freedom to choose a payment method that works for you. They support debit and credit cards, including Delta, Visa, Diners, Maestro, MasterCard, Maestro UK and Visa Electron. If you want fast and easy, this is the way to go. Your deposits will be reflected in your account instantly and no charges are imposed. If you don’t want to use your card, you can go with bank wire transfers. This enables you to use your bank account directly for depositing payments. It takes time, but is very secure, so a number of traders want to use it.
However, there might be some fee involved here, which depends on your bank. Keeping up with trends, online payment solutions are also part of Neuer Capital’s offerings, such as SoFort and Neteller. These are also quick, smooth and instant, offering a great deal of convenience to their clients. You can choose any of these methods for making your deposits easily. What about withdrawals? Eventually, when you have made some profits, you would also want to withdraw them.
How do you do so? The same payment methods are applicable for withdrawal as well, but it is important to remember that some fee may be charged for this purpose. In addition, withdrawals take some time to be processed, unlike deposits. Your withdrawal request may also be cancelled by Neuer Capital in case your account is not verified. What do you require for verification? You will find out below.
Feature 5: Extensive Security and Privacy Policies
The increase in scams and other cybersecurity incidents in the crypto market has meant that security policies need to be updated and scrutinized. This is especially important in the crypto space because this financial instrument is already not regulated and carries an inherent risk. As Neuer Capital is dedicated to offering crypto trading, they have worked hard to create a secure and transparent trading environment for their clients. Their policies are extensive, impressive and quite effective in minimizing the risks that traders have to put up with.
To start with, they are in compliance with KYC and AML procedures, as per international regulations. These are called Know Your Customer and Anti-Money Laundering policies, which require traders to verify their trading accounts, as mentioned above, before making any financial transactions. These policies were developed to counter the possibility of criminals creating accounts on brokerages and using them for illegal activities like money laundering. Neuer Capital has chosen to comply with these policies for the security of its clients.
Compliance means that traders who wish to use the broker’s services have to submit some documentation that can confirm their identity, residence and payment details. Identity confirmation is done through submission of any form of ID authorized by the government. It could your national ID card, driver’s license or even your passport, showing your full name. Residence proof is given by submitting a utility bill of your home like water, gas or electricity, or a credit card or bank statement. Neither of these should be older than three months.
As for payment, this is needed in case the trader wishes to use their debit and credit cards with Neuer Capital. In that case, pictures of the card have to be provided and it should be in their name. Third-party cards are not accepted by the broker under the AML rules. If your information is inaccurate, your account will be cancelled. As long as you comply with these policies, you will have no problem in trading via this broker. But, how will they keep this information safe? Traders have this concern because they don’t want their confidential information in the wrong hands.
To deal with this problem, Neuer Capital uses the highest standard of encryption for protecting all information that they collect from their clients. Even all communications are encrypted for safety reasons. The broker has also taken measures to keep your money safe by keeping client accounts segregated from their own. No one can access their funds without permission and authority and they are stored with military-grade investment banks.
Feature 6: Bring in a Friend Program
One of the most unique features that Neuer Capital has to offer to its clients is the Bring in a Friend program they have introduced. This program provides traders an opportunity to earn some extra money i.e. not just from trading. All they have to do is invite their friends to try out the broker’s services and they will be able to make money in the form of commission. Every time you refer a friend to Neuer Capital, the broker rewards your loyalty with a cash bonus, not just for you, but also for your friend. The commission you receive will depend on how much money your friend will deposit with the broker. The more they deposit, the higher your commission.
Signing up for this program is also relatively simple. As long as your account with the broker is active, you can invite your friends. Ask them to mention your email address in the referral designation field. As long as they deposit a minimum of $500, you will receive commission and so will they. This commission can be used for trading or you can withdraw it through any of the payment methods outlined above.
Feature 7: Various Customer Support Channels
When you are using a broker’s services for the first time, there will be a little bit of a learning curve. Even if you are an experienced traders, you may want to ask some questions to know how everything works. After all, the trading platform is usually different and it takes time to get a little used to it. But, how do you find answers to your questions? Neuer Capital has an FAQ section on their website where all frequently asked questions are answered for the ease of their clients. You can check this section to see if your question is present.
If it is not, Neuer Capital has added other customer support channels for accommodating its clients. You can reach out to their agents through an online contact form on their website, under the Contact Us section. If that doesn’t seem appropriate to you, an email address is also provided. For urgent or more complicated queries, you can try out the broker’s phone number provided on the website. No matter which channel you decide to use, the broker’s representatives will be friendly and forthcoming. They will try to find a solution for you quickly, so you can get back to your trading.
When you want to take advantage of the cryptocurrency boom and need a broker, Neuer Capital can be the ideal option. The aforementioned features indicate why it is a great choice, but if you need more convincing, you can consider their high leverage options, low trading fee and their thorough educational resources. Their trading platform also makes it a breeze for people to reap in the profits from crypto trading.