XPRTcoin Review – Taking a Close Look at the Broker
In recent years, online trading has seen its popularity hit the roof. The financial markets already had a huge number of participants, but in the last few years, more and more people have shown an interest in trading online with focus and dedication. Why is this the case? This is mostly because they are well-aware that there is a lot of money to be made in these financial markets. In addition, majority of the people out there don’t find their jobs fulfilling enough, both financially and emotionally. Working 9 to 5 comes off as a major hassle, not to mention the fact that the payout they get is not enough to for the effort they are asked to make.
Eventually, people become dissatisfied with their jobs and start hunting for other job opportunities. Some people may be lucky enough to find one, but there are those who have to look for a second job just to make ends meet. Sure, they will be able to find one opportunity or another, but it is exhausting and it also reduces their motivation to work because they are doing it as they have to, not because they want to. When you are stuck in this boat, the opportunity of online trading can appear to be a huge blessing.
There are many people out there who have actually abandoned their jobs in favor of trading online because they are able to make a decent amount of money and don’t have to spend as much time and effort in doing so, as they did in their regular jobs. All you require for online trading is a decent laptop or smartphone and a strong internet connection. With these things, you will be able to trade from the comfort of your home and not have to worry about commuting or going to the office every day.
With this much convenience at your fingertips, it makes sense that you would want to give online trading a shot. There are millions of people out there who have done so and, while not all of them have succeeded, there are those who have made a significant amount of money through it. Those who have failed to take advantage of the opportunities of this market is because of lack of knowledge. You need to have an understanding of the fundamentals in order to succeed in this market. Another reason that people end up failing is because they don’t select the right trading platform.
Yes, trading platforms play a vital role in your success in the world of online trading and not being able to select a reliable option can cost you in more ways than one. It is best for you to take your time and not rush this decision because that’s where you will go wrong. As there are plenty of brokers that are available nowadays, choosing one can become a tad more complicated than expected. Before you move ahead with your search and selection, you need to decide exactly what you want to trade.
One of the hottest financial instruments these days are cryptocurrencies and they have drawn the attention of many people towards online trading. If you are interested in trading crypto, you need to focus on finding a platform that has been especially designed for them because they are different from other instruments. Moreover, a platform that’s dedicated to crypto trading can offer you a lot more variety than one that’s offering you numerous instruments to trade. Luckily, there are various brokers that have dedicated themselves to offering crypto trading services and all you have to do is choose a reliable one.
The question is how do you do that? To accomplish this goal, it is a good idea to give them a thorough and close look, so you know exactly what you are getting into. One of the options you will find is XPRTcoin, a platform that may not have been around for very long, but has developed a strong reputation in the market. Based in the United Kingdom, it has designed a crypto trading platform for traders from different backgrounds. It is a good idea to take a close look before you go any further. Let’s do that:
An Introduction to XPRTcoin
|Trading Accounts||Basic, Bronze, Silver Gold, Platinum and Black|
|Minimum Deposit||500 EUR/USD|
|Trading Tools||Charting tools, Analysis tools, daily market news and price alerts in real-time|
|Education and Training||Videos, courses, tutorials, guides and webinars|
|Customer Support||Yes; phone and email|
|Security Policy||KYC (Know Your Customer) and AML (Anti-Money Laundering) Policies|
|Parent Company||XPRT Trading Holdings Ltd|
XPRTcoin’s Crypto Offerings
Before you look at anything else that a trading platform can offer to you, it is a good idea to look at the cryptocurrencies you will be able to trade through them. The whole purpose of opting for a platform is to be able to trade cryptocurrencies and you should check to see what options they will offer to you. Most of those platforms that don’t specialize in crypto trading will not go beyond the top two to three options, which will not give you enough room. However, brokerages like XPRTcoin, which are focused on the crypto market can present you with a lot more options. When you opt for this one, you will find a range of cryptocurrencies at your disposal. Some of the top ones that you will find are:
- Bitcoin: Any trading platform that supports crypto trading will certainly offer you Bitcoin, the first crypto to be introduced back in 2009. It was recognized as being open-source, which meant that it wasn’t owned or controlled by anyone, allowing everyone to participate in it. It doesn’t have a centralized network, which made it different and allowed it to gain the biggest share of the overall crypto space.
- Bitcoin Cash: This is referred to as a hard fork of Bitcoin that occurred in August of 2017. It can be distinguished from the pioneer currency by the fact that it is able to process transactions at a much higher speed. The purpose of introducing Bitcoin Cash was to allow it to boost the volume of transactions in order to compete with the likes of Visa and PayPal.
- Ethereum: The second-leading cryptocurrency in the world, Ethereum is very much like Bitcoin, with some differences. First off, its network’s crypto is referred to as Ether, which comes in handy for running apps and is used for trading purposes. Moreover, Ethereum transactions also have executable code that you don’t find in Bitcoin.
- Litecoin: This one is often referred to as the silver to Bitcoin’s gold and is very much like the first crypto. However, it does boast greater flexibility because it has a higher cap when it comes to the total number of coins and also offers reduced transaction times. Therefore, trading Litecoin appears to be a lot more affordable for traders.
- Ripple: Also known as XRP, this is a crypto, along with a digital payments system that can be used for conducting financial transactions. Transactions using XRP take a lot less energy and they are also executed a lot more quickly than Bitcoin.
- Dash: Another crypto that bears a striking resemblance to Bitcoin, but it does have some noticeable improvements. Launched in 2014, Dash was meant for processing transactions at much higher speeds. In addition, it is able to fund itself for making improvements and this gives investors a chance to vote for the projects they like.
These are some of the prominent cryptocurrencies that you will be able to trade through XPRTcoin, but this is certainly not where your options stop. You will also be able to invest in Monero, NEO, EOS and a number of others that are also capable of generating returns and give you the opportunity of maximizing profits.
XPRTcoin’s Security Protocols
Since cryptocurrencies are not regulated and they are not centralized, there is a great deal of uncertainty surrounding them. But, this only adds to their volatility and enables traders to earn solid returns via their trading. Nonetheless, this doesn’t mean that you want to compromise the security of your money or your information in order to trade them. Considering the number of cybercrimes that are taking place, it is a given that people would be worried about both when they have to sign up on a platform. You will be asked to share your information and also deposit your funds for trading and this can often make people nervous.
In order to reassure yourself, it is recommended that you check the security protocols followed by a broker, as this will give you an insight into how serious they are in regard to your safety. When it comes to the protocols used by XPRTcoin, you will certainly not be disappointed. You will be pleased to discover that they have taken the security of your data and money quite seriously. They have opted to use the most advanced form of SSL (Secure Socket Layer) encryption for protecting all data and do not authorize anyone to access that information.
In addition, they also have a team of experts that constantly test their system in order to ensure there are no security vulnerabilities and cybercriminals cannot compromise it in any way. XPRTcoin also follows the highest standards when it comes to legal compliance due to which they have implemented AML (Anti-Money Laundering) and KYC (Know Your Customer) policies on their website. These policies are designed to prevent their platform from being used for identity theft, money laundering, funding terrorist activities or other such problems.
Traders are required to comply with these policies by submitting some documents that are outlined. First, they have to provide proof of identity, which involves submitting a form of ID, whether it is a national ID card, driver’s license or your passport. Next, you have to give proof of residence, which can be in the form of a bank statement or utility bill, showing name and address. Lastly, if you plan on using a card for payment purposes, photographs have to be shared with them before doing so.
XPRTcoin’s Registration Process
In order to access the services, features and tools of the trading platform, you would first be required to register with them. You would expect this process to be simple, but many traders complain about the unnecessary requirements that they have to face with some brokers. This can often make people apprehensive, but this is not something you need to be concerned about with XPRTcoin. Their purpose is to ensure quick registration and this really does seem to be the case. There are only a couple of steps you need to complete.
First, you have to visit their website, where you will find the ‘Register Now’ button on the homepage. When you click on it, you will be asked to enter your name and email address and then click on the ‘Create Account’ option. Doing so will open up a short registration form that has to be completed. Some of the details that you need to provide in this form include your phone number, country and a password for your account. You also have to choose an account currency from three options, which are EUR, USD and GBP and should agree with their Terms & Conditions. Now, your registration will be complete, with no additional requirements of waiting for approval or signing a form whatsoever.
XPRTcoin’s Account Options
It is the norm for trading services to give you a number of account options to choose from. This is particularly true for those that are catering to traders from different levels and backgrounds and they recognize that everyone has different trading needs. Consequently, they develop different account options to suit their trading style and risk appetite. XPRTcoin also offers account options, but their choices are a lot more diverse than you will find elsewhere. There are a total of six options, each of which come with varying features. What are they? Take a look below:
Basic: The first option that you will find is one that has been aimed at those just starting their crypto trading journey. It starts with a minimal deposit requirement of €1,000 and in return, traders get access to live support, an educational center, daily market review, and basic price alerts.
Bronze: The next account option is one that’s meant for beginner traders, who have some basic knowledge and can go ahead and make a deposit of €10,000 to open this account. All features of the basic account are available under this one, with the addition of a senior account manager for guidance.
Silver: The third account option incorporated on the trading platform is meant for intermediate traders. To open this account, a deposit of at least €25,000 has to be made, which gives traders access to PRO price alerts, a range of markets, custom analytics, a personalized trading strategy and exclusive position action. Traders can also opt for a one-on-one trading trainer to assist them and can open an Islamic version of this account, in case they are Muslim traders.
Gold: The fourth choice that you will come across is meant for more skilled traders and it can be opened if you are ready to deposit €50,000 to start trading. All features of the silver account are available here, and you can also unlock premier events for attending.
Platinum: The fifth account choice is for senior and advanced traders, as they will have no problems in depositing at least €100,000 to open this account. They receive VIP price alerts in this account and are given a VIP account manager to guide them. Their trainers are also experts and they receive VIP position access.
Black: This is the sixth and last account option that you will find on XPRTcoin. This one has been developed for professional and expert traders and you cannot just sign up for this account. There are certain requirements that need to be fulfilled and you can talk to your account manager about it in order to know how to open it.
XPRTcoin’s Banking Methods
After you have gone over the account choices, you can take your time and decide which one suits you best. This decision can be made after weighing in the features, along with the minimum deposit requirements. When you have made up your mind, you will need to deposit your funds in order to initiate the process, which means that it is time for you to take a look at the banking methods that you will be provided. To facilitate its clients, XPRTcoin has added a number of payment formats that can make, both deposits and profit withdrawal quite easy and inexpensive too.
You can opt to use your debit and credit cards for adding your money or withdrawing it later on. XPRTcoin supports different cards, which include Visa, MasterCard and Maestro. Next option that you can take a look at is bank wire transfer that allows you to use your bank account for making your deposits and withdrawals. Lastly, they have also added support for e-wallets, which have become the go-to option for many in today’s modern and digital world. One important thing to remember is that in compliance with the AML policy, you are required to use the same method for deposit and withdrawal.
In most cases, your deposits are made instantly, but for withdrawals, requests are approved in 24 hours and it does take a few days for the transaction to be processed.
XPRTcoin’s Educational Resources and Support
Not everyone is a crypto expert these days. As opposed to other financial instruments in the market, these are relatively new, which means that there is a lot to learn before you start trading them. Even when you have mastered the basics, there are changes and developments made and other things that require in-depth knowledge. It is vital to keep up with your learning in order to succeed in crypto trading. XPRTcoin is aware of this and so, they have put together a wide array of learning material to support its clients in this regard.
First off, they have added a glossary on their website, where you can find the meanings of the common terminologies and jargon related to the crypto space. The brokerage also provides you with market weekly review, a guide into technical, as well as fundamental analysis, along with videos on different topics related to the crypto industry. You can also find crypto signals and other guidance material that can come in handy for every trader, whether you are a beginner or an experienced trader. XPRTcoin also gives its clients access to the latest news, in order to help them keep up with the market.
In case you have any queries, XPRTcoin has added an FAQ section on their website where information is available. If you don’t find your answers there, you can reach out to their customer support team. They have proven to be quite proactive in this regard and have given multiple channels you can use for getting in touch. You can send them a quick email or fill out the contact form provided on their website under the ‘Contact Us’ page. There is also a phone number provided, in case you need urgent answers.
After you have considered all these aspects of XPRTcoin, it can be assumed that it is a good choice for starting your crypto trading journey.