Fivoro Review – Important Questions to Ask About The Broker
Fivoro Broker Rating
Fivoro is indeed a top-quality platform that has all the right features any trader could use. You can sign up with the broker today in the link below or learn more about them in our Fivoro review.
If you check the list of the biggest trends that have emerged in the last few decades, online trading will stand out like a beacon. This is because despite being around for a long time, it gives no indication of slowing down anytime soon. As a matter of fact, it has only gained more traction in the last decade or so, mostly due to the introduction of cryptocurrencies. You are probably also interested in online trading and that’s how you have ended up at this Fivoro review. This is due to the fact that in order to trade online, you will require the services of a brokerage.
It is one thing that hasn’t changed in trading, even after it has made its transition to the digital world. Even in the traditional form of trading, people had to reach out to brokers in order to buy and sell the instruments of their choice. With the advancement of technology and the advent of the internet, the concept of online trading came to be and this is when brokers also went digital. Hence, when you decide to trade these days, you have to find an online broker because they will give you access to the markets you want to trade in.
Of course, as mentioned earlier, the popularity of online trading has only heightened over the years and shows no signs of waning at all. Cryptocurrencies have only added to it because people are eager to trade these volatile digital currencies as well. What does this mean for online brokers? It means that their demand has gone up because more and more people are moving towards the financial markets in order to tap into the lucrative and profitable opportunities they have to offer. It doesn’t matter what financial market you want to trade in; the services of a broker are a must.
When online trading was relatively new, the number of these companies was fairly limited, but they have grown steadily over the years. In fact, the last couple of decades has seen their numbers increase very rapidly in order to keep up with the influx of people in the market. When you decide to dive into this world, you will find that there are plenty of fish in the sea. Run a search on Google and you will be presented with a staggering number of options to choose from.
This might seem beneficial to some because it gives you lots of room to choose, but it can also add to your confusion. How can you be sure that you are making the right choice when you pick one? Every broker will promise you the world; it is the nature of a business to claim to be the best and want to outdo its competitors, but whether they actually do so or not is for you to determine. Some people learn their lessons the hard way, while others prefer to play it smart and this is where this Fivoro review comes in.
Why accept what a business advertises without checking up on their claims? One of the forex and CFD brokerages that are offering their trading services in the market is Fivoro that was founded just recently by Grey Matter Enterprise Ltd. The company is registered to provide its services in St. Vincent and the Grenadines, so it is not just an anonymous entity. You will notice that the Fivoro website supports multiple languages because they are catering to traders all across the globe. But, you need to find a lot more about them before opting for their services.
The best way to go about it is to ask some important questions that will shed some light on the services you can expect from Fivoro for your trading needs. What are these questions? This review can provide some insight:
|Trading Accounts||Five account options; Explorer, Basic, Silver, Gold and Platinum|
|Assets Coverage||Forex currency pairs, Stocks, Cryptocurrencies, Indices and Commodities|
|Trading Tools||Trading Indicators, Trading Calendar, Calculator, Signals, Live Charts, Technical Analysis Tools and Reports, Price Alerts, Market Research, Trading Tips, Bitcoin Graph and Risk Management Tools|
|Education and Training||Yes; e-books, online video courses, webinars, seminars, tutorials, latest market news, guides and in-depth research|
|Customer Support||24/5 support via email address, phone number and online contact form. An FAQ section is also available.|
|Security Policy||KYC (Know Your Customer) and AML (Anti-Money Laundering)|
|Parent Company||Fivoro Enterprise Ltd.|
What assets does Fivoro offer?
There are a number of questions you may want to ask about a brokerage before signing up with them, but it is important to remember that all of them will be moot if they don’t offer the right assets. The financial markets are extensive, which means that there are hundreds of thousands of trading instruments that can be traded by people. Every instrument is unique and offers a different level of profitability to the traders, which means you cannot expect the same rate of return from each. Some markets tend to be more volatile than others, so they offer higher profits and also have a higher risk.
The key is to first get an idea of your own risk appetite and then choose trading instruments accordingly. This will help you in choosing a brokerage that offers you the instruments you are interested in. Even if you don’t have a specific preference, you need to ask about the assets they offer because you want to ensure that the choices available can help you in achieving your financial goals. You will certainly enjoy the asset offerings that you will come across at Fivoro because they belong to some of the most reputable and profitable financial markets in the world.
They have added a diverse range of trading instruments that belong to different financial markets, which give traders the freedom of being able to diversify their trading portfolio in order to earn maximum returns and also keep your risks to a minimum. Some of the leading markets that Fivoro has given access to include:
The word trading is often considered synonymous with the stock market because this is where many traders have managed to make their fortunes. This market gives you the opportunity to buy and sell shares of some of the world’s most profitable companies and Fivoro ensures that you can tap into its potential. Google, Amazon, Pfizer, JPMorgan, Nike, Apple, Sony and Microsoft are just some of the companies you can invest in via this platform.
Having a daily trading volume that’s more than $5 trillion is the forex market, which is known for its impressive volatility. There is a lot of money to be made in this market and many have managed to do so. You will find that Fivoro has added a combination of major, minor and even exotic currency pairs to their asset index to help their clients in enjoying the most of this space. Some of the pairs you can explore include EUR/USD, GBP/USD, NZD/AUD, EUR/GBP, USD/JPY, USD/CAD and EUR/RUB.
While the stock market allows you to invest in individual companies, the indices market is more about buying baskets of stocks and trading them. This makes it quite lucrative and it is known for providing solid returns to investors. You can trade some of the world’s most renowned indices at Fivoro and these include Nikkei 225, NASDAQ 100, FTSE 100, S&P 500 and DOW JONES.
If there is one financial market that’s making the headlines these days, it is the cryptocurrency space. Digital currencies are making a lot of waves and have helped many make massive profits in a very short span of time. They have been added by Fivoro because of their high demand and you will be able to trade Bitcoin, Litecoin, Bitcoin Cash, Ethereum, Ripple and more here.
Traders who are looking for stable and consistent returns will find the commodities market to be a great option in this regard. There are hard commodities that Fivoro has added, which refers to precious metals like gold, silver, copper and platinum. You can also find soft commodities that refer to agricultural products like wheat, coffee, sugar and rice. Apart from that, there are also energy commodities like crude oil and natural gas.
Which platform can you find at Fivoro?
There is no doubt that the instruments that you are going to trade are of the utmost importance. If they are not the right ones, you cannot make the kind of profits you are after. But, you have to bear in mind that they are not the only factor that you need to consider when you have to choose a broker. Equally important is the trading platform that you will be using for trading these instruments. The purpose of the platform is to connect you to the financial markets and it is the software used for trade execution. Likewise, it also provides the trading tools and features that are needed during the process for making good and smart decisions.
If the trading platform you have is lacking in even a single aspect, your entire trading experience, as well as your performance, will be severely affected. For instance, if the platform is slow, breaks down, or tends to lag regularly, your trades will not be executed in a timely manner and the market may move unexpectedly, resulting in losses or missed opportunities for you. Similarly, not having the right tools can make it difficult for you to make decisions because you will not be aware of the latest trends, or patterns, or not have the right indicators or signals that can help you capitalize on the opportunities available.
It is the responsibility of an online broker to provide you with the trading platform, so you don’t have a say in it. However, you do have a say in the broker you sign up with, which means you need to assess their trading platform to ensure it is up to the mark and can offer you the best of everything in one place. Thus, asking about the platform should be on your list and Fivoro provides you with their own web trading solution. Indeed, companies have the option of coming up with their own solution, or they can choose to offer you one of the existing options in the market.
As stated earlier, you will find that Fivoro has developed their own platform for their clients and the fact that it is web-based is an advantage because this means that you don’t have to download or install this platform anywhere. To access it, you just need to log onto their website and can start trading right away. Most importantly, this doesn’t mean that they have made any compromises in regard to the technology and tools offered by the platform. You will find that state-of-the-art technology has been used for powering the platform, allowing it to deliver quick trade execution as well as one-click trading capabilities.
As for the user interface, you will find it to be highly intuitive and innovative because Fivoro wants to make sure that every trader, no matter what their trading background or experience will be able to use the platform without worrying about a learning curve. They have also equipped the platform with some of the most advanced and sophisticated tools that can come in handy for making the best decisions. These include live asset charts, trade history, and a number of trading indicators, efficient trading signals, order reports, risk management tools and an economic calendar that keeps track of important events.
Apart from these features, you will also be able to enjoy flexibility where the Fivoro trading platform is concerned because you can access it on various devices. Since it is to be used via the browser, you can use it on your desktop PC, or even switch to mobile devices. This allows you to enjoy trading on the go, so you can always stay connected and don’t have to miss out on the smallest of market updates.
What account options does Fivoro offer?
Now that you have checked out the trading platform available, it is time to consider the account options at your disposal. Opening an account is a prerequisite when you want to use an online service and brokers have developed the practice of offering several choices to their clients. In the case of Fivoro, this is because they are offering their services to traders from all walks of life. Whether you are a newbie trader, or someone with years of experience, they have the services you may need. In order to ensure you have a comfortable experience and can access what you want, they have come up with five account choices.
This is certainly appealing because most companies usually offer the standard three accounts and these can be very restrictive. When you have five options, it increases the possibility that you will be able to find an account option that suits your needs and allows you to make the most of your trading. The account choices you will be provided are:
Having a minimum deposit requirement of $3,000, the Explorer account is the first option that you will come across at Fivoro and they have developed it primarily for novices and amateurs with no experience in the financial markets, whatsoever. This accounts offers 24/7 customer support, cross platform trading and also comes with a profession chart. The maximum money that can be deposited via this account is $5,000.
To welcome beginner traders who have some experience on their platform, the Basic account has been added by Fivoro to its offerings. The minimum deposit that has to be made via this account is $10,000 and a personal account manager, weekly market reviews, an introductory private session with an analyst and financial research are the features available here. The maximum amount that can be deposited in this account is $25,000.
If you are an intermediate trader, you will definitely like the Silver account that Fivoro has created for such as you. The deposit that has to be made in this account is $50,000 and it provides users with monthly private sessions with a market analyst, along with the features of the previous two accounts.
The next option you will come across here is known as Gold and the minimum and maximum deposit requirement that Fivoro has set for it are $100,000 and $250,000 respectively. This is due to the fact that this account is aimed especially at skilled and advanced traders. Therefore, the sessions with the analyst are now available on a weekly basis and a smart money management plan is also provided to traders.
The final account that you will find available at Fivoro is called Platinum, one they have created for professional and VIP traders with years of experience under their belt. This account needs a minimum deposit of $250,000 and provides traders with a direct line to their account analyst. They are also allowed to make 5 protected trades from this account and a senior account analyst can also help them in developing a long-term financial plan. As for the maximum deposit, you can use it for investing as much as $500,000 in your account.
Is Fivoro secure?
If you have discovered that the account options provided to you by the broker are suitable, it is time for you to check another crucial feature i.e. the security provided to you. It is a must to have a secure trading environment because it can affect your peace of mind. If you are constantly stressed, you will not be able to focus on your trades and your performance is going to suffer. Lack of security also means that your confidential information and your money will be at risk and this you don’t want. Subsequently, your priority should be to find a brokerage that can provide the right kind of security.
You will be pleased to discover that Fivoro can fulfill this criteria quite well because they have implemented measures for safety of funds and data as well. They use two-factor authentication for protecting all client accounts on their platform and recommend the use of strong passwords to keep them safe. They also provide protection against DDoS attacks and comply with PCI DSS standards. Full data encryption is offered, which means that all your sensitive and personal data will be protected through high profile encryption and not end up with any third parties.
When it comes to keeping your funds secure, segregated client accounts are maintained by Fivoro that ensure that no misappropriation can occur. All your money is reserved only for trading and does not belong to the brokerage. If you decide to use cryptocurrencies, they have cold storage available for keeping them and only make 10% of them available online for security reasons. Plus, these funds are also insured, so in case of any problems, you will definitely be compensated.
Other than these security measures, you will find that Fivoro is also compliant with the KYC (Know-Your-Customer) and AML (Anti-Money Laundering) policies. These are quite beneficial in reducing the risk of financial fraud, identity theft and money laundering because they require traders to verify their accounts. You have to provide proof of identity, which means submitting a scanned copy of a national ID card, driver’s license or international passport, along with proof of residence. This can be done by submitting a bank statement, any utility bill like gas, water or electricity, or a credit card bill. They should have your name and address and shouldn’t be more than three months old.
Along with the answers to these questions, you will find that Fivoro offers its clients 24/7 customer support through different channels that can be used for getting help when you need. They also have low commission and don’t require traders to fulfill any prerequisites or a long sign-up process. You will be able to enjoy a good trading experience and find everything you need.