So have you decided to take the plunge and dive into the online trading pool? This industry has become quite popular lately with more and more people taking an interest in it. The first step is to select a suitable online trading platform where you register for a trading account.
There are scores of trading brokers operating online so which one do you select? From my personal experience, I would like to highly recommend the SagaTrade trading platform for its excellent features and glowing reputation. Keep reading for a through SagaTrade review that outlines the best features of this particular online trading platform.
These features coupled with the fact that SagaTrade has a stellar reputation in the financial market is reason enough for any trader to sign up with this platform. These are the leading features of the platform:
|Bronze, Silver, Gold, Platinum, Diamond, Premium, VIP
|Web Based, Mobile
|Forex, CFDs, Cryptocurrencies, Stocks, Indices
|Live Charts, Economic Calendar, Price Alerts, etc.
|Standard Trading Room, Platform Walkthrough, Technical & Fundamental Education
|Phone and Email
|EN, ES, IT
|KYC, AML, CFT
Premium Customer Support
The customer support department is where SagaTrade truly shines and it is also one of the main reasons why traders prefer it over any other platform out there. Traders rely on the platform’s customer support at every step in their trading journey and SagaTrade delivers every single time without fail.
Their customer representatives work round the clock and six days a week and you can approach them anytime you want during these 6 days. Whether you have a general query regarding the trading interface or need assistance with signing up for one of the trading accounts or even if you looking for trading advise, you can contact their customer support and they will be happy to help.
Their customer support team consists of esteemed and experienced individuals who are well versed with all aspects of online trading. What that means is that you trust any information or guidance that they provide you.
They are also very prompt with their client service and will not leave you hanging after you contact them for any kind of assistance. To reach out to them, you can either call them on their official number or fill up the online form on their website. After you submit your details, one of their representatives will get back to you shortly after that.
7 Different Types of Executive Trading Accounts
If you explored other trading platforms, you would have most likely seen that majority of the online brokers just provide a single type of trading account to all their traders. Most of the time, this single account type has a high deposit requirement which traders usually are not able to meet (especially those who have a limited budget and want to start trading on a small scale).
I would like to point out that if you choose to trade on SagaTrade, you can select between 7 different types of trading accounts- Bronze, Silver, Gold, Platinum, Diamond, Premium and VIP. All of these have different features and varying deposit requirements. You have the flexibility to sign up for any of these trading accounts.
If you a beginner with limited investment at hand and would to start trading on a small scale, then the Silver account is probably your best option. You just need 10000 euros to sign up for this account and can start trading right away after you wire your funds in your investment account. On the other hand, if you are more ambitious, have larger pockets and aspire to grow your trading portfolio quickly, then you might want to sign up for one of the top tier accounts such as Diamond or VIP.
Although these types of accounts have a very high initial deposit requirement, the returns will be equally high as you can invest in multiple assets and control your risks at the same time. One thing is for sure- regardless of which trading account you register for, the SagaTrade team will support you every step of the way!
Algo trading is one of the most useful features that SagaTrade supports on its platform. Any registered trader can utilize this feature to facilitate his or her trading. In case you are not familiar with algo trading and how it works, it is basically a computer program placing trades on your behalf. What you have to do is provide the program with a certain set of trading instructions which it then uses to analyze and execute trades.
The great about algo trading is that you do not have to place any trades manually and the algorithm does everything for you. Hence, if you have a busy lifestyle and cannot afford to carve out the time to sit in front of your trading screen, then this SagaTrade algo trading feature is very beneficial for you!
Apart from that, when you use this algo trading feature to make trades, you can place maximum trades within a certain time frame. That is because the computer program works very quickly at a pace than no human trader can possibly match! Owing to this fast speed, you can execute a lot of quick trades and that reflects well in your final profits. In addition, the computer program can make very accurate trades so you trust the algorithm completely.
Security and Safety
A reputable and efficient online trading platform will never compromise on its security feature. This is understandable since every online trader wants to trade in a completely safe and secure environment. If their personal information is hacked by some unauthorized person, that can have very drastic consequences for both the trader and the platform’s reputation. Hence, one should only sign up on a trading platform where full security and safety is guaranteed every time and for everyone.
SagaTrade is a perfect example of such a platform where you do not have to worry about the security element when you are trading online. They take their security very seriously and do everything they can to ensure safety of the registered users.
They have implemented the most advanced firewall system and encryption software within their database to take their security measures up a notch. The firewall does a very good job to keep intruders away from the database and make sure they are not able to break in the system an access the sensitive information that traders share on the platform.
In addition, the platform makes use of SSL certificates. These certificates give all traders peace of mind that they are trading in a secure environment where there is no risk to their personal information or their investments. The encryption software encrypts your information and makes it meaningless to anyone else. Therefore, you may rest assured knowing that not one will be able to misuse your personal information by unlawfully accessing it.
When all of these security features come together, it results in an impenetrable secure bubble where all traders can carry out their transactions without any worry!
Multiple Instruments of Trade
When you trade on the SagaTrade online trading platform, you can choose between numerous instruments of trade that include commodities, stocks, indices, futures and of course CFDs which is primarily what this trading platform is famous for. The best part is that all of these trading instruments are available within the same database and you have the flexibility to select anyone you want as long as your budget allows it.
I would also like to point out that there is no restriction as to how many assets you can choose to trade and invest in. If you have considerable funds in your account, you may opt for as many assets as you want to control your risk and grow your trading portfolio at the same time.
It is also possible that you are not certain as to which trading instruments are best for you to invest in. In this particular case, what you can do is consult with your broker who can guide you depending on your investment budget and trading goals.
Another thing you can do is do your own research and utilize the educational resources available on the platform to study about the various trading instruments that the platform supports. Once you have adequate knowledge about them, you can make an informed decision regarding which assets are ideal for you to invest in.
Compatibility with Devices
It is true that people tend to switch between multiple devices when they are surfing the web. The same goes for online traders who regularly switch devices as per their convenience to log in their trading accounts to trade. Hence, it is vital for the online trading platform to be fully compatible with all kinds of devices people use these days.
An important thing you ought to know about the SagaTrade trading platform is that you can easily access it from smartphones, desktops, laptops and tablets. You can choose from any of these devices to log in your trading account. For example, if you are at the office, you might lean towards the laptop to trade online or if you are travelling, then maybe the smartphone is the best option for you.
Either way, regardless of which device you select, SagaTrade guarantees that your trading experience will be very smooth and without any hiccups. Even if you do run into any technical issues, all you have to do is contact the customer support and they will fix your problem for you as soon as possible.
Apart from device compatibility, the user interface of the trading software is very clean and beginner friendly as well. This is particularly beneficial for you if you have no prior experience using a trading platform. You will find the SagaTrade platform very simple to navigate as everything is laid out very clearly.
Something every trader wants to see on a platform is more than 1 payment option available. When you have multiple banking channels available, you can pick anyone as per your convenience to make your deposits and withdrawals. When you trade on the SagaTrade platform, you can select between credit cards, debit cards and bank transfers.
If you want to make a quick and small transaction in your investment account, then the credit card is probably your best option as you can wire the funds within the same day. On the other hand, you might want to consider bank transfer if you want to make a large transaction. That said, bank transfers can take up to 5 business days so you need to plan accordingly.
In addition, all of the supported payment channels on the SagaTrade trading platform are very easy to execute. You just have to press a few buttons, type in the deposit or withdrawal amount and you are all done! Thankfully, you will not have to go through the bothersome process of filling up payment forms which consumes a lot of time.
Moreover, regardless of which payment option you select, you will always receive a notification your email every single time you make a deposit or withdrawal. This notification will highlight the amount that you have withdrawn or deposited into your investment account.
In case you are wondering, this particular feature comes very much in handy when you are tracking all your finances at the end of the month. By going through the notifications, you will know about every cent that has gone or come out of your bank account.
To conclude, although it is true that there are a number of online trading platforms, SagaTrade is undoubtedly one of the better ones that you can trust and rely on. It is equipped with all the necessary features required to become a successful trader in a short time period. You also have the backing of their customer support at all times who strive to make sure that your trading experience is as pleasant as possible.
So what are you waiting for? Simply head over to SagaTrade’s official website and register a trading account with them. In hindsight, you will be quite pleased that you chose them to be your trading partner!