How Kodimax Has Proven to be Better than Most Other Online Brokers
When looking for online brokers to give your trading career a start, you will come across Kodimax. In a very short time, this broker has proven itself to be better than many other old ones on the market. Brokers that have been around for decades have not been able to focus on the needs of the traders like Kodimax. When you look at the overall package being offered by this broker, you realize that it is much better than most of its competitors. So, what does Kodimax prove so good to become your favorite? Let’s take a look at those factors.
Kodimax – Reliable and Safe Online Broker
Before you sign up with an online broker, you have to be sure about its legal status and the way it provides you security. You have to realize that online brokers are not providing their services completely freely. They have to be answerable and accountable just like any other financial institutions. They are providing an online platform to the traders and letting them trade after accepting money from them. Putting money in an online account is always risky for any individual in any part of the world. That’s why, the broker has to ensure that it is performing its operations legally and after proper licensing.
Kodimax is a professional broker that has taken care of these matters before stepping in the market. When you open your account with this broker, you know that you are working with a partner who is licensed and registered. The registration and licensing process is completed by professional brokers to be able to provide their services to traders in the countries they are operating. In addition to that, Kodimax is also regulated to ensure that all of its operations are free of any corruption or fraud. Such accountability of a broker helps traders put their trust in it.
You can clearly see on the website that Kodimax also talks about encryption. If you don’t know already, encryption is a process through which information of an individual is converted into a format that does not make sense to any snoopers and hackers. Encrypted information is extremely important because when you are trading online, you have to give out your personal and banking information to sign up with the broker. It is clear from the statements on the company’s websites your information is protected by the broker through the use of the latest encryption standards that are accepted around the world.
No information has been kept hidden from the traders. You can find all the terms, conditions, and policies on the website when you open an account with Kodimax. The broker also emphasizes the importance of anti-money laundering. Since there are many people who try to use online accounts to launder the money, Kodimax has gone a step ahead to make its system strict and money laundering free. When you sign up with this broker, you know you have signed up with one of the best and safest brokers available on the internet today.
A Broker Meant for New and Experienced Traders
Let’s take a look at all the points one by one that prove that Kodimax is a broker meant not only for experienced but new traders as well.
The Minimum Deposits
The first thing that acts as a barrier for new traders is the smallest amount they have to put in their accounts. If you are a new trader, you should know that you will have to put a minimum amount in your account to be able to trade with your broker. The amount that you have to deposit in your account varies from broker to broker. The brokers who have this amount set very high are giving a signal that they only care about experienced and old traders with a lot of money. On the other hand, if the broker cares about its new traders, it will also have a very small minimum deposit.
The minimum deposit you need in your account to activate it and trade in the financial markets is very small with Kodimax. With only $500, you can start your account and trade whatever assets make sense to you. Yes, the same minimum deposit changes significantly when you talk about experienced traders. They have different types of accounts to choose from and the amount they have to deposit in their accounts to activate them is higher than that required by the new traders.
With some brokers, you will see that there is no leverage available for new traders. With some other brokers, you will see that the leverage is extremely big. Neither is the right option for traders. When it comes to new traders, they are not fully aware of the pros and cons of the leverage. They are often under the impression that their profits will increase many times when they are using leverage with their trade. They don’t know that the same leverage can cost them big if they end up with an unsuccessful trade.
What brokers have to realize here is that they have to keep a balance. They have to know that a leverage too big is going to do more harm than good to the traders. At the same time, not offering any type of leverage to the new traders does not seem like a good idea because it takes away their liberty of controlling big trades. With small trades, they earn small profits. Becoming a huge trader is quite difficult with such infinitesimally small profits.
Yes, the first thing you will notice is that there is a difference in the number of signals that are available to the small traders and those available to big traders. In this particular instance, big traders are people who have signed up with big accounts with big first initial deposits. If you don’t know already, signals are an extremely important part of trading. They are like hints that tell you about which position to take when entering a particular trade. Of course, signals cannot be created just like that. They are created with the help of a lot of data and expert analysis. That’s why, only a few signals are available to the small account holders.
However, you should be happy about the fact that there are signals available to the small account holders. In the case of many other brokers, you will not be able to look at any signals if you have opened up a basic account. People who have advanced accounts with Kodimax can enjoy unlimited signals every day so their chances of completing successful traders are very high.
Training is an important part of trading for those who are coming in this world for the first time. You want to understand the basics of the trading world before you put your hard-earned money on the line. All the training that you need for trading successfully is available with your broker. The most serious brokers have compiled detailed courses that help you understand the basics of trading, the trading strategies, and anything related to the financial markets. There is ample training material available on Kodimax to help new and advanced learners learn about trading.
It is up to you how you want to use this training material. If you are new to the trading world and have no idea about trading, you want to start with the basic tutorials designed specifically for you. You can also attend webinars wherein you receive lots of advice and tips from expert traders on how to trade. You can talk to these experts when the webinar ends too.
Kodimax Understands Trading and Trading Platforms
Kodimax is not one of the brokers who just provide this service to the traders for the sake of it. Believe it or not, there are many brokers providing trading services to the traders only to make their money. They are not much interested in how good or bad the trading experience of the traders is. They just care about their money and have many ways to charge their traders unnecessarily. Whether you talk about the trading platform or the trading experience as a whole, you will be hard pressed to find a broker that matches the features offered by Kodimax.
First, you will have to know about the trading platform that Kodimax has brought at the disposal of its traders. This trading platform is one of the best in the industry because of its features, integrations, and smoothness of operations. When you are on this platform, you can rest assured that all the information you see on your dashboard is up-to-date. In the past, many people ended up on the wrong side of the trading only because their software was slow to update the latest prices of the assets. That’s something you will not have to expect from Kodimax trading platform.
This trading platform has been designed for today’s users in mind. If you are a new trader, you want the trading platform to be compatible with the devices that you already use. If you are into using your smartphone for everything, the trading platform should also be available on your smartphone. This is yet another area where Kodimax does not disappoint. It is compatible with the many different device types that people are using today and the operating systems that they run. Whether you have an iPhone or an Android device, you will able to use the Kodimax trading platform with ease.
The overall trading experience is something that you are going to admire. It is clear from how the system has been designed that the people who are working with Kodimax understand the trading industry in its depths. The first thing you will love about Kodimax is that it gives you access to a variety of asset that have been made available for you in one place. These assets can include indices, currencies, commodities, cryptocurrencies, and many other trading instruments. Of course, you have to know that all of these assets are available for trading in the form of CFDs. These are contracts that you will be trading not the actual assets.
You can trade many different currency pairs. You have indices from some of the biggest markets of the world including countries like the US, Australia, Japan, etc. In addition to the fiat currency pairs, you now have access to cryptocurrencies for trading. Cryptocurrencies constitute a fairly new market but they are so popular that Kodimax had to bring them for its traders. You should be careful before you put your money on the line in the cryptocurrency market. You must know that cryptocurrencies are extremely volatile to price movements will be huge whether you go short on your position or long.
Kodimax Account Types Are Intelligently Designed
You have already read that there are different account types that you can choose one from. These account types have been designed with new, advanced, and expert traders in mind. Any online broker that you see online has hundreds of thousands of traders using its platform. In a similar way, there are many people from around the world who are using the Kodimax trading platform. It only makes sense for the broker to spend some time thinking about the perfect account types with lots of perks for different types of traders.
Kodimax has successfully taken care of this area of its services. It has designed many account types and you can’t say that any type of account has been created in a hurry. Each account has some differences and these differences do matter to the traders. For example, if you sign up with an advanced account, you will have access to more signals and the amount of money you will have to deposit in your account to activate will be in thousands. On the other hand, you can use a basic account if you want to spend less money upfront. You can start an account with as little as $250.
If you meet the necessary requirements of the broker, you are free to sign up with any account you want. Just keep in mind the minimum amount you will have to deposit in your account based on the account type you have chosen. It is important to know here that if you want to change your mind at any time, you can do that too. If you want to move from a small account to a big one, you can do that. In a similar way, you can move from a bigger account to a smaller account as well. You might have to talk to the customer support representatives about your desire to switch accounts.
As stated earlier, your leverage can also change based on the account you have chosen. Leverages are more appropriately used by experienced traders because they fully understand their risks. However, it is not a big enough reason to deprive new traders completely of the luxury of leverage. There is nothing to worry about leverage when you sign up with Kodimax because leverage is available with every single account.
Commissions and Spreads Are Minimal
If you think closely, you should come up with a question about the earnings of the broker. If the broker is giving you access to a platform and letting you place your trades and execute them, how is the broker making money? You can’t say that the broker makes all the money from internet market because that’s not the case at all. In fact, your broker will always make money from the money that you deposit in your account. However, different brokers use different methods to earn their income. Some make money in the form of commissions on trades and others go with the traditional spreads formula.
Spread is an important term that you have to familiarize yourself with when you start trading. This word is going to appear over and over, and you can end up making a bad decision if you don’t understand this concept. So, let’s take a look at what spreads are all about. When you go on your platform and decide to buy an asset, just notice the price of this asset. Now, go on your platform again and try to sell this same asset. You will notice that the selling price is smaller than the price you had spent on buying the asset. How did that happen and why? That happened because of the spread.
When you purchase an asset from your broker, you will see that the amount you pay is higher than the amount you pay if you purchase this same asset from your broker. It is more like a fee that the broker wants to charge you for allowing you to use its online trading platform. It is a completely legal way for brokers to make money. However, an important thing that you have to notice here is the amount of money that you will have to pay more to the broker when you buy an asset. If the difference between the selling and buying price is huge, your broker is not being honest with you.
When you sign up with Kodimax, you will notice that the spreads are very small on your trades. When a broker charges you very small spreads, you should be happy that you have found the right broker. A broker can make as much money as its wants from your trades by increasing the spread. However, Kodimax is known for having some of the tightest spreads in the industry. Things can change with time and the company can charge you on the basis of commission as well. Commissions are taken from you when you complete trades. The spreads really don’t exist in this particular case.
You Will Love the Customer Support
If you like the customer support of the company, you are going to like the company as a whole. That’s what’s going to happen when you sign up with Kodimax. It is one of the best brokers on the market when you compare its customer support with other brokers. The customer support from Kodimax starts on the website in the form of FAQs section. This is a huge FAQs section in which you find hundreds of questions answered. These questions are common inquiries from traders like you. When you have a problem, there is high chance that you will find the answer to your question from the FAQs section.
If you don’t find the answer to your question in the FAQs section of Kodimax, you might want to take a look at the live chat service. When you use the live chat service, you can start a conversation with a representative from the company right on the website. It does not even take much time. As soon as you land on the website, the representative is there to greet you and help you with your concern. In addition to that, you have a phone number on the website that you can call. This number is available for you to call 24/5, which means the customer support is available 24 hours a day from Monday to Friday.
If you want to inquire about the services of the company or something else and your query is a lengthy one, email is the best option for you. The best thing is that no important option of contact is missing when you sign up with Kodimax. While withdrawals and deposits are very straightforward with Kodimax, you can call the customer support to get any help regarding them after you have checked the FAQs section on the website.
You have internet where you can research about anything you want. You have ample information available on the internet about trading and brokers. The training material is available right on the website of the broker. Almost all the brokers provide the same features to their traders. Where it makes the difference is how much dedication the put in making these features trader-friendly. From what Kodimax has to offer, you can safely say that this broker has found the key to the hearts of the traders and is committed to giving them only the best of everything successfully.