Redrock500 Review – A Broker That in My Opinion Can Compete with the Best
RedRock500 Broker Rating
I think RedRock500 is doing something great that I have not found other brokers doing. I can’t speak on your behalf so I will just say what I believe, which is that this broker is definitely friendly to its traders no matter where they come from and how much money they have.
How many online brokers do you think are out there? Of course, if you know the condition of the online trading world, you can easily say that there is no count. There might be a new broker in the making while you are reading these lines. However, I can guarantee you that if I asked you to count the brokers that you can call great, you would have had a very small number in your mind. It is a pity that there are so many brokers out there in the online world, and only a few understand the top concerns and requirements of their traders. I think I have found one of those brokers.
I have been reading about Redrock500 for many days. I have researched this broker and found out everything that I could. I have been collecting all of this information to help you new traders know more about this broker. The more I know about this broker, the more I will tell you about it. And the more you listen to me about this broker, the better position you will be in to make a decision. In my opinion and based on the features that I have tested of this broker so far, I can tell you that it can easily compete with the best out there. But I will not just give out my verdict like this.
I will give you every reason in the world to think differently and in every way possible so you can make a decision that is entirely yours. So, here is some information about the broker that you can look at and decide if you think like me.
Redrock500 – Why I Think It Can Compete with the Best
· Its Security Features Are Great
I have spent quite some time researching the security features of this broker. Believe me I will never recommend a broker to you if I think its security is not up to par. There are many brokers that claim to be the best in the market, but I think the exact opposite of them. I think that those brokers are not being honest with their traders. They are telling their traders a lot of great things while hiding the most important pieces of information. The thing that I don’t like about them is that they don’t pay much attention to the security of their traders.
You see, even the biggest companies of the world have kneeled down in front of the hackers. Talk about Apple, Facebook, Equifax, or whatever company you can think of; they have all been hacked at some point. Why? Because they thought that they could not have get attacked. They had minimal security in place and that’s what caused them trouble. They ended up exposing the information of their traders to the hackers. How can businesses avoid this particular mistake? Well, online brokers can have encryption in place and SSL certificates to ensure that every piece of information provided by the traders is safe.
Is that going to happen? Yes, when you sign up with Redrock500, you will see that your information is being encrypted properly and according to the latest standards of encryption. In addition to that, the broker has paid attention to the safety of your money as well. That’s something many online brokers completely ignore because a lot of new traders don’t know about this particular feature. New traders think that they have to deposit funds in the accounts with the brokers and never think about the safety of that money because it is safe.
However, I can tell you that the money you deposit in your account with the broker needs a lot of security. The best thing that the broker can do for you as a trader is to put your money in segregated accounts. And I can tell you for sure that the broker I am recommending will do just that for you.
· Easy Signup Payments
The one thing that you will notice about the best brokers on the internet is that they make signing up easy for their traders. How can they do that? Well, there are many ways of doing that. The first thing the broker has to do is to make sure that you can sign up without spending a fortune. You will be surprised to know that some online brokers make you spend a lot of money before they give you any option of trading on their trading platforms. However, this behavior shows that the broker is not aware of the requirements of the traders from around the world.
When you think about traders who are signing up with a broker from around the world, you have to pay attention to the fact that some countries do not earn a lot. The people from these countries don’t have a lot of money. For this reason, the broker should do all that is in its access to make sure that the traders can sign up with spending a lot of money. I can tell you that even if you are a student and thinking about trading for the first time, you will not have any problems in signing up with this broker. You will not have to spend a fortune when you sign up with this broker.
The micro account, which is the most basic account from this broker, is going to require only $250 from you. In addition to that, you can sign up with the standard account as well by depositing only $5000. With some other brokers, you have to spend more than $50,000 before you sign up with the account that’s third on their list of accounts. That’s not the case with this broker, and that’s why I have always loved it. You can easily tell your friends that they can sign up with Redrock500 without putting a lot of money as an initial deposit. That’s a way for the broker to minimize your initial investment and risk as well.
· Great Training from the Broker
You have to learn to trade before you can start doing it. There are many concepts in trading that seem easy, but require you to spend some time learning them. In addition to that, you can’t just think that you will be successful with trading with some basic knowledge of the market and assets. You will need some knowledge of the advanced trading strategies to be successful in the trading world. Now, you have to decide who will be teaching you how to trade in the online trading world. The best way for you to learn is through the training course that has been made available to you by the broker you sign up with.
Almost every single broker on the internet has now some great training material for its traders. However, you can always tell great training material from poor training material. There are certain things that you have to pay attention to find out whether the training material you are signing up with is good or bad.
I can tell you that the brokers can think about training you in many different ways. You will see that many online brokers have limited your learning to videos and ebooks. There is nothing wrong with these amazing methods of learning. In fact, I have learned some parts of training through videos and ebooks as well. However, there are other things that I think can help more with trading than these methods. How about learning in person from a trainer? That’s like taking a class from the specialist. That’s what you can do when you sign up with this broker and pick the right type of trading account.
If you read about the silver account from the broker, you will notice that there is a monthly private session that you will be attending with an analyst. This way, you will know each and everything about trading that you need to know to become a true professional trader.
· Trade Socially
The biggest challenge that you are going to face when you sign up with an online broker is that you will not have the confidence of trading. There are some ways that brokers use to make you confident with your trades, and I think the one that Redrock500 has come up with is the most effective one. So, you have to familiarize yourself with the idea of social trading. When you start with other brokers, you just deposit funds in your account. Once you have deposited funds, you can use the training material from the broker. In some cases, you will even get help in the form of a demo account.
However, that’s the best help that you can get from the broker. What if you want some more help? Can you get that from most brokers? I can tell you with surety that most other brokers have already left you in the market alone here. They just want you to use their trading platforms for trading and earn profits. If you are not good enough, you will quite trading in some days automatically. However, Redrock500 has done something great, which I think will keep you in the market for a long time. You will not have to worry about trading even if you take time in learning things.
The broker has given you the social trading feature which allows you to trade by mimicking the best traders out there. Through this feature, you can know about many other brokers that are trading in the market like you. However, the best thing about these traders is that they have been trading for many years. They know what trading is and their trading strategies are very successful. You can look at their profiles to find out how successful they are with their trades. If they have an impressive profile, you can always copy their trades and start making money in the trading world.
· Cryptocurrency Trading
Yet another sign of the best brokers on the internet is that they are now providing you with new opportunities of trading. So, if you sign up with outdated and old brokers, you will notice that they are still stuck with the old markets. I don’t say that there is anything wrong with those markets, but the brokers have to think about something else as well. In fact, I have many investments in conventional markets. However, I have the same number of investments in the latest markets as well. What is it that I am calling the latest? Well, I am talking about the cryptocurrency market. If you are signing up with a great broker, you will get access to this particular market.
Redrock500 has made sure that you get access to cryptocurrency trading as well when you sign up with. That’s something you are going to love as you spend some more time with the broker. In recent years, cryptocurrencies have become the most popular assets out there in the world. They are still pretty volatile, but you will enjoy that volatility when you benefit from it. Yes, it is this volatility that makes the online cryptocurrency trading world so interesting. You can earn huge profits on your trades if you know how to take advantage of the volatility of this market.
However, there is something that I have noticed with many online brokers. I have noticed that they are still forcing their traders for Bitcoin trading. Bitcoin trading is a great idea, and possibly the safest one out there, but it does not mean that you cannot trade any other asset with the broker. Redrock500 has made sure that you have enough options to trade in this market to make an impact. The broker has given you not only Bitcoin but Ripple, Dash, Litecoin, Ethereum, and many other cryptocurrencies that you can trade on its trading platform.
· Trade Anywhere
Do you like the idea of being able to trade no matter where you are or you just like to trade on your personal computer with the Windows operating system on it? If you are a modern trader, you must be thinking about an option that allows you to trade on the go. Yes, this is a possibility and if you sign up with the right broker, you will be able to trade no matter where you are in the world. Redrock500 has made sure that you get access to a trading platform that meets all your latest trading needs. The trading platform you are getting from Redrock500 is one that you will be using on the web.
What’s so special about this trading platform? Firstly, you will completely get rid of the idea of downloading the software on your computer before you use it. Downloading the trading platform means that you are installing it on your device. When you switch the device, you will no longer be able to use the trading platform. You will have to download the trading platform again and use it. You might have to start from scratch because your settings on the trading platform on the other device will not be available to you on this new device.
I think Redrock500 has done a great job of getting rid of this problem for good. The broker has provided you with a web-based trading platform that you can use from any device without any issues. Does it really matter to you which operating system or device you are opening a website on? No, it does not matter because no matter which operating system you have on your device, you can easily open any website that you like. That’s the same case with the trading platform from Redrock500. This trading platform can be used on any device and operating system.
· The Account Manager Service
Bring me the best brokers out there and I can tell you that there is none that has this particular service in its arsenal. Online brokers are always finding ways to be different from each other. They provide you with different features so they can make themselves appear better than their competitors. However, I have been researching online brokers for a long time. I have not seen any broker offering anything unique. They keep providing you the same services and features with new names. Does this really make a difference? Of course, it does not make a difference at all.
On the other hand, the service that Redrock500 is definitely going to be the most different type of service that you will enjoy from any online broker. I have not seen any other broker offer you an account manager without charging you anything extra for this particular service. This account manager will help you with a lot of your trading decisions. At least, you will be sure that the broker you have signed up with is not going to leave you alone when you are facing the most difficult trading decisions. The account manager will be there to help you with your trading decisions, so you can make more successful trades and avoid the losses that are associated with unsuccessful trades.
· Affordable Trading
This is yet another option that I think is being offered by only this broker. I am sure there might be some other broker that offers this particular feature, but I have not found one. And I can tell you that I have spent a lot of time researching and searching for the best online brokers. Trading can be made affordable by brokers in many different ways. First of all, they can reduce the spread sizes to make trading easy for you. I have already told you that this broker will charge you spreads of 1pip on some trades. That’s the most competitive rate that I have seen from a broker in my experience.
In addition to that, the broker can make trading affordable for you by allowing you to sign up with it with a small amount. I have already told you that you can sign up with this broker by spending only $500. However, the most amazing thing is something that I had not even thought about. I never knew that brokers can think so out of the box. In the case of Redrock500, this broker has thought out of the box in the truest sense. The broker has made trading easy for you by reducing its commission sizes.
If you think trading will be difficult for you when you sign up with this broker, then I will get your attention to the hedging part. The broker has included a column for hedging in the information about its accounts. What it means is that you can use the hedging method to minimize your losses when you trade with Redrock500. Hedging is something that I have seen many online brokers completely discouraging. However, with this broker, you have this particular method available to you no matter which account you sign up with. So, you can always earn huge profits and reduce the size of your losses through this method.
· Easy Withdrawals and Deposits
You will never have to worry about any hidden charges and fees when you deposit money in your account or withdraw it. That’s something that will bother you a lot if you sign up with the wrong broker. This broker has simplified withdrawals and deposits for you. Do you know that you will not have to spend anything on commissions when you fund your account with Redrock500? In addition to that, the broker has also made deposits easy through three depositing methods. You can deposit funds in your account through debit card, credit card, bank wire transfer, and even e-wallets.
I think the broker is doing something great that I have not found other brokers doing. I can’t speak on your behalf so I will just say what I believe, which is that this broker is definitely friendly to its traders no matter where they come from and how much money they have. You can always consider signing up with this broker even if you are specifically looking for an Islamic account. I have found this broker to be complete, and now I let you decide if you feel the same way.