Finding the perfect broker to trade currency can be tough for new traders. In some cases, it is even hard for experienced ones. However, we are here to help you find the broker that fits you best.
For this reason, we will analyze:
1. Assets available
3. General overall trustworthiness
By analyzing these criteria, we will let you know whether the brokers we review will help you reach your trading goals. In this case, it is the OasisTrade broker.
Thereby keep reading to find out…
Who is OasisTrade?
OasisTrade is a German company under registration number 24865 IBC 2018. The official address of the company is Friedrich-Ebert-Anlage 36, Frankfurt, Hessen, 60325, Germany.
Opening an Account to Trade Currency
When opening an account with OasisTrade, the minimum deposit required is $250. Seemingly, this amount is very reasonable. Therefore, it is stimulating for new traders. It is because it opens up access to the markets for more people. With the high entry barrier, many wouldn’t have had the required capital to trade currency.
It also offers the ability to reduce risk since learning how to trade currency could lead to significant loses.
Moreover, the account opening process is smooth and efficient, and there are a variety of ways in which you can deposit funds. From our perspective, the process is straightforward, with no hassle at all.
What Assets are Available?
There is a wide range of assets available on the OasisTrade platform. These are stocks, commodities, forex, indices, and cryptocurrencies.
At this moment, the ability to both trade currency and cryptocurrencies gives an edge to this platform. It is because the platform offers some lesser-known and emerging cryptocurrencies such as IOATA, NEM, TRON, and EOS. Of course, you will be able to trade currency such as Bitcoin, Ripple, and Ethereum.
Tech Enabling Platform to Trade Currency
OasisTrade offers a web-based platform you can access via your mobile device or tablet. The web-based platform is quite easy to use. Furthermore, it is perfect for traders with varying degrees of experience.
Since being a very user-friendly platform, it is ideal for both those starting to trade currency to the more knowledgeable traders.
When it comes to security, OasisTrade has you covered. In this case, it means that the company provides secure deposit and withdrawal methods. Moreover, one impressive fact is that they use the same technology as international banks and retailers. Seemingly, this is the best tech for data encryption available.
Another final touch on security (as this is important to us as traders!) is that all clients’ money lies in segregated accounts. Consequently, this is an additional layer of safety. At the same time, most brokers don’t have this feature.
Education on How to Trade Currency
The website provides some primary education on how to trade currency. Education is easy to access through their getting started module. Moreover, by visiting the site and FAQ page, you will find a plethora of helpful tips. Furthermore, you will notice fantastic educational snippets.
However, once you open an account with OasisTrade, you will have access to in-depth free education material. We find that quite impressive.
OasisTrade customer support is available 24 hours a day, six days a week. You can reach them via phone, email, webchat, and an online contact form. The webchat seemed very responsive and helpful. Moreover, they were able to answer all the queries offered to them.
Second, they feature a callback option, which is quite useful. Furthermore, the multilingual staff ensures they can cater to traders in different territories.
When questioned, the advisors demonstrated a good understanding of the financial markets. Moreover, they had a plethora of advice on how to trade currency regarding me as a potential customer.
Besides the abovementioned office in Frankfurt, OasisTrade is present in other countries. To be specific, they have offices in Switzerland, Singapore, Hong Kong, and Australia.
After reviewing OasisTrade, we believe that they are extremely reliable. We would certainly recommend them to both new and experienced traders. By all means, they provide a secure and reliable platform you can trust.
For this reason, OasisTrade is a good match for any trader. In this case, if you are reading how to trade currency and searching for a broker – you should opt for OasisTrade.