After the economic disruption caused by the global coronavirus pandemic, many people have been searching for a secondary source of income, or a profitable investment vehicle. The financial markets have proven to be the solution in almost every case, as these have flourished during this time. There are countless opportunities to be found here and thanks to online brokers, you can access them from anywhere. One of these brokers is SagaTrade, which may not have been around for long, but appears to have gained a lot of popularity very quickly.
Before you sign up with any broker, it is recommended that you do your due diligence and find one that provides the features you need for your trading journey. Every company is different, so their offerings can vary and checking them out beforehand can save you from disappointment in the future. Check out some of the important features in this SagaTrade review:
Extensive asset index
The first and most notable feature of SagaTrade is their extensive asset index. It is not recommended that you register yourself anywhere without knowing what instruments will be available to you. The profits you make at the end of the day will depend on the instruments you are going to trade. Thus, you should ensure that you are provided with the best options and those that fit your risk tolerance and expectations.
The choices provided to you at SagaTrade will not disappoint because they have put together an extensive number of options to their clients. They allow you to trade in the forex, stocks, indices, commodities and now the cryptocurrency market as well. With such an array at your disposal, you will not have any difficulty in diversifying your portfolio and this will help you in mitigating your risks and boosting your profits.
Simple trading platform
The software used for trading the instruments provided to you is referred to as the trading platform and this varies from broker to broker. The good thing about SagaTrade is that they have developed a simple trading platform for its clients, which can be used by beginners and expert traders alike, without any hassle. However, just because it is simple doesn’t mean that they have compromised on functionality.
The web trading platform at SagaTrade is powered by cutting-edge technology that delivers quick trade execution and one-click trading. The intuitive user-interface ensures that everyone can use the platform without a learning curve. In addition, they have also equipped it with some of the most powerful trading tools, such as price alerts, live charts, fundamental and technical analysis tools, trading signals, custom indicators and an economic calendar, and these can help boost your trading performance.
Excellent security measures
Another feature of a broker that deserves attention is their security infrastructure and you will certainly not be disappointed with what you find at SagaTrade in this regard. They have used full data encryption for protecting all sensitive and confidential data of their clients to prevent it from falling into the wrong hands. In addition, they have maintained segregated client accounts for depositing all funds and they are kept with the leading banks to prevent theft and misappropriation.
In addition, the KYC (Know-Your-Customer) and AML (Anti-Money Laundering) policies are also applicable at SagaTrade and this adds another security layer. It can mitigate the risk of identity theft, financial fraud and money laundering by verifying all accounts via proof of identity and proof of residence.
Robust customer support
Another most important feature of a broker is customer support and SagaTrade provides robust services to its clients. They have provided an email address and phone number to contact their team 24/5 in case of a problem. You can also fill out an online contact form to schedule a callback from them.
Final Thoughts
Along with competitive trading conditions, in-depth educational resources and numerous account options, SagaTrade offers impressive features that can lead to a smooth trading experience.