In today’s economy, it is difficult to make ends meet on a single income and most people end up relying on credit cards and other forms of credit. If you want to supplement your income, one of the best things to do is to try your hand at trading. Yes, you will need to acquaint yourself with the financial market, but even if you don’t have any experience, you can still get started. In addition, you don’t need to have a massive amount of capital to start trading and can still earn high returns. But, one thing to remember is that your success can depend heavily on your choice of broker.
For someone who has absolutely no experience or knowledge of the various financial markets, the choice of the right trader can be of the utmost importance. You don’t want to be scammed, but you also don’t want to deal with strict rules and regulations and have to deal with a complicated interface that has a steep learning curve. These days, you don’t have to go out to search for a broker because you can look at your options online. There are a variety of options that you will come across. GigaFX is one of them and it is highly recommended.
But, why should you opt for it? After all, the broker was established only recently in 2018 by Four Square International Ventures Ltd., which is based in the Commonwealth of Dominica. This means it is relatively new as compared to other brokers in the market. Yes, it is true that it is available in more than 50 countries around the world and its offices are located in several countries including Germany, the United Kingdom and Estonia. Other brokers may also offer the same, so why is GigaFX a good choice? There are several reasons why it is so and some of the top ones are:
Reason 1: GigaFX gives you access to a wide array of markets
GigaFX offers its users Contract for Difference (CFDs) for more than 2,200 financial instruments. CFD trading can be very appealing because traders do not need to purchase the actual physical asset and only invest in a contract. They predict the movement of the price and can go long or short. They earn a profit, depending on how the price moves. Not only is this advantageous, but the fact that you can access a wide array of markets on GigaFX is also appealing as it allows you to diversify your portfolio by investing in a combination of volatile and non-volatile assets.
Non-volatile options include the commodities market where you can trade oil and natural gas and also precious metals such as gold and silver. You can benefit from tight spreads and high leverage of 1:50. Plus, GigaFX also provides educational material on commodity trading and there are tools available as well, which can get good results. Likewise, indices is another option to explore as both prominent and niche indices are offered by the broker. You can set up notifications for getting index quotes in real-time. GigaFX also gives access to advanced strategy tools for index trading, which can be done after hours as well.
If you are interested in taking a little more risk, GigaFX offers you the chance to trade in the forex market in which you can trade both exotic and widely traded liquid currency pairs. Along with tight spreads, you can enjoy 150% leverage and there are profit maximizing tools and fast executions offered. Another volatile investment option is cryptocurrency. This market has gotten quite popular because of its profit potential and GigaFX gives its clients the opportunity to dabble in it by investing in Bitcoin, Ethereum etc. Leverage is high, environment is secure and trade executions are rapid. The broker has also provided a crypto wallet for the convenience of traders.
There is also the option of investing in the stock market and GigaFX gives you access to some big names in the tech and sports industry including Apple, Microsoft, Google, Adidas and more. Stocks can be traded 24/7, the rates are excellent and trading is very simple and fast. Apart from these regular stocks, GigaFX offers its clientele something different; the chance to trade Cannabis stocks. It is being legalized in various areas, which means its stock has a lot of potential. Therefore, the broker offers you a chance to investment in some of the top cannabis companies including GW Pharmaceuticals, Cronos Group Inc., Tilray Inc. and Aurora Cannabis Inc.
Reason 2: GigaFX has multiple and robust trading platforms
Sometimes, trading itself is not that complex and it is the platform that adds to the burden because it can be difficult to navigate and use. Having a user-friendly, easy to use and yet powerful platform is not just something that new traders appreciate; it is also something demanded by experienced traders. GigaFX has recognized the role a trading platform can play in regard to a trader’s success due to which the broker has incorporated multiple options.
If you are doing a comparison with other brokers, you will definitely come across the name of MetaTrader4. This is one of the most widely used platform and is the top choice of most traders because it is laden with features and tools that can be immensely useful. You can use Expert Advisors (EAs) on MT4 for automated trading and just go about your day. Custom indicators are also available and custom watch lists can also be made. It offers you trading signals, along with comprehensive trading graphs and charts. You need to download and install the MT4, but there is no need to worry about any delays or lags as it gives a seamless performance.
On the other hand, if you don’t want to download or install anything and prefer to use a trading platform via the browser, GigaFX has a web-based option for you as well. You can trade in whatever market you wish and benefit from a well-designed and functioning user interface. This platform also offers you graphs and charting tools and educational materials that can come in handy. All you need is access to the internet and any device with a web browser to use this trading platform.
Last, GigaFX has also provided a Mobile trading platform because doing everything on the go is now mainstream, thanks to the introduction of smartphones, tablets and other mobile devices. Since trading markets are sensitive, you may take decisions quickly and want to execute them right away. But, what if you are stuck in traffic or don’t have access to your laptop or computer? You can now use your mobile, whether Android or iOS, and make your trades easily. The best part is that even on the mobile platform, you can benefit from exceptional function, design and tools that make trading a hassle-free experience.
Reason 3: GigaFX offers a variety of account options
No matter what broker you choose for your trading needs, you need to create an account with them. The problem with most brokers is that they think in black and white terms and this is reflected in their account choices. There are either accounts for beginners or for professions and those in between can get stuck. GigaFX understands that trading is a long journey and you cannot just jump from level one to the top. Therefore, it gives its users access to four account options that are designed for traders of different backgrounds and levels.
The first is obviously for beginners and so is called the Starter Account. If you have absolutely zero experience in trading, this account is for you. It is the ideal account to start your trading journey as it gives you access to trading tools, educational materials and everything else you may need to learn the art of trading. After you have exhausted everything this account can offer, there is a Silver account option. Here, you apply what you have learnt and take some risks to see if your knowledge pays off. With this account, you can add some experience to your resume.
You are going to deal with ups and downs in the Silver account and this gets you ready for the Gold one, which is aimed at serious traders. It comes with advanced tools and features, which ambitious traders prefer to use because they want to make big trades that may just pay off and help them rake in huge sums of money. The last account option is called the Premium account and this is ideally created for VIP and professional traders who have been around for a while and invest considerable capital because they treat trading as their profession and not as a side job or hobby.
The beauty of all these accounts on GigaFX is that they are available to you, no matter what trading platform you use. The broker also provides access to Expert Advisors (EAs) and a personal account manager with each account to make trading easier for everyone. It offers fixed spreads in the Starter account for helping traders in keeping their risk under control whereas other account types have floating spreads. The Gold and Premium account holders can also benefit from the knowledge of an experienced marketing consultant and they can provide you with valuable guidance in the trading market.
Daily market alerts are also provided because they are useful for serious and intense trading and one-on-one training in various marketing strategies is available as well. For members of Premium accounts, Expert Training is provided and they also get bonuses because of the huge volumes of their trade. Silver and Gold account holders can reap the benefits of webinars on GigaFX, which are conducted by market experts and they can provide a deep insight into the market.
Each account holder also benefits from 24/5 customer support, hedging, the latest market news and access to the Education and Resource center.
Reason 4: GigaFX has made deposits and withdrawals easy
Putting your personal and financial details online is one of the biggest risks that anyone can take. There have been stories about identity theft and people have also had their hard earned money stolen right from their accounts. Obviously, no one wants to be a victim. In addition, the introduction of numerous new payment methods has also provided convenience so people may not want to deal with the hassle of bank transfers or other such traditional methods. GigaFX has taken all of this into account when selecting its payment methods.
The broker aims to offer its users secure and fast deposits and withdrawals so they can trade with ease. Therefore, there are a multitude of payment solutions that you can find and each of them has been secured with the PCI DSS certified payment gateway. However, one thing to remember is that deposits and withdrawals have to be made via the same method for security purposes. Since GigaFX is available in multiple countries, there are a variety of payment methods available.
First off, the broker has offered the traditional bank wire transfer option. There is no doubt that this method is secure, but it is also time consuming, particularly for withdrawals and banks are known to charge fee for it. Debit and credit cards are also supported by the broker and they are not restricted to just Visa and MasterCard, but also include Delta, Diners, Maestro and Solo. While these have quick processing times, they do incur a higher fee as opposed to other methods.
Electronic payment methods have also been made available on GigaFX including Skrill, Neteller and e-wallets, which are convenient, cheap and quick as well. Also, the broker has begun to accept cryptocurrency, which is gradually being used as a form of payment in various industries.
These are some of the top reasons why both new and experienced traders alike should give GigaFX a close look instead of just discarding it as a new broker. They will enjoy these features and will be able to trade on a cutting-edge, user-friendly and supportive platform.