Bitcoin, Brokers, Cryptocurrency

Finexro Review – Taking a Close Look at its Offerings 0 247

Finexro Review- Taking a Close Look at its Offerings

The trading world has a ton of opportunities to offer and if you are thinking about taking advantage of any of them, you need to sign up with a broker. The trading space has evolved significantly due to technology, but brokers remain vital to the process even today. In the last decade or so, online trading has seen exponential growth, which ensures that you will not have to struggle much when you are ready to find a broker. The only problem is that with multiple options at your disposal, it often becomes difficult for people to pick one out. 

After all, not every broker can be the same and each will have their own pros and cons. So, what can be done? The best way to go about it is to take a close look at what a broker is offering and then forming an opinion about it. You need to do your own research rather than relying on someone else’s. This is also applicable in the case of Finexro, a Bitcoin-based platform that was launched in 2018. Owned and operated by Strongex Ltd, the brokerage is based in the United Kingdom and it offers its services in more than 150 countries around the globe.

finexro

It is a forex and CFD (Contract for Difference) broker, which allows you to participate in the financial markets in order to leverage its opportunities. But, what does Finexro offer? Let’s find out:

Trading Products at Finexro 

The first thing you need to look at in a brokerage is their product offerings. The whole point of trading in the financial markets is to earn profits and you can only do so when you have a range of instruments to trade. Finexro is perfectly aware of this and so, you will not be disappointed when you check out their trading products. The broker has added a range of instruments that are spread across different financial markets. You can trade forex currency pairs or you can try your luck in the stock market. Commodities and indices are also available, along with top cryptocurrencies like Bitcoin, Litecoin, Ethereum, and Ripple.

Trading Platforms at Finexro

One of the features that have helped this broker develop a strong reputation in the market is its trading platforms, as in numerous platforms. When you sign up at Finexro, not only will you be able to trade on the best trading platform in the market i.e. the MetaTrader 4, you will also have another option to choose from i.e. the Sirix trading platform. This is a relatively new addition in the market and has been making waves due to its features and functionality. The broker offers you the option of choosing from the MT4 and the Sirix trading platform, but this not where your choices end.

Not only do you have to pick one platform, but you are also given the freedom to decide what version you want to trade. Finexro allows its customers to decide whether they want to opt for a desktop-based trading platform or they would prefer a web-based platform that doesn’t need any download or installation. In fact, the broker has also added mobile trading options for iOS and Android platforms for the ease and convenience of its clients. 

Account Options at Finexro 

To use any brokerage’s trading services, traders are required to open a trading account and this also applies at Finexro. But, which account should you open? It is a trend amongst brokers to offer several account choices to their clients and this one has done the same because it is catering to traders of all levels. You will find a total of four account options provided to you and each of them has been designed for a different kind of trader. These account choices are:

Bronze: Suited for beginner traders, the Bronze account needs a deposit of €5,000 and provides a relationship manager, trading central premium signals, and daily newsletter on a trial period. It comes with a standard trading commission and one-on-one sessions in the trading academy. 

Silver: Beginner and intermediate traders can open the Silver account for €10,000. The trial period for the relationship manager and daily newsletter ends and the number of sessions for the trading academy is increased to three.

Gold: Best for skilled traders, the Gold account requires a deposit of €50,000. All trial periods are over and 4 sessions are available for the trading academy. There are 2 private trading sessions per month, access to the event room once per month, SMS trading notifications, and a 10% commission discount.

Platinum: Meant for professional traders, the Platinum account has a deposit limit of €100,000. Trading academy sessions are eight, 4 private trading sessions, 2 events per month in the event room, and a 25% commission discount. 

Along with these account types, Finexro has also added the option of demo accounts for its clients. This allows you to get in some practice before you risk your hard-earned money with the broker.

Customer Support at Finexro

An aspect of a brokerage that you cannot and should not ignore is their customer support. Everyone may need assistance at some point during the trading process and getting help at the right time is crucial in the trading world. If proper support isn’t available, it can result in losses. Finexro is aware of the importance of customer support and so, they have added various channels for reaching out to them. You can fill out the online contact form they have added on their website. If not, you can get in touch with them via email. In case of urgent matters, a phone number is also provided. Their agents are friendly and responsive and you will get the answer you need, as quickly as possible.

Conclusion 

When you check the broker’s offerings closely, you can discover that Finexpro is a good platform for any trader looking to diversify their investment in the financial markets and get access to the right trading environment and conditions for doing so.

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Central Banks Will Not Allow Bitcoin to Go Mainstream, Says Harvard Professor 0 4

Since the beginning of the year 2020, Bitcoin (BTC) has been flying high with respect to its price and market capitalization. There have been many mainstream institutions such as PayPal, MicroStrategy, and MassMutual that have played a huge role in deciding the fate of Bitcoin (BTC).

Although Bitcoin (BTC) had mustered a lot of user-base from the private sector, all it required was input from the mainstream sector. This is when PayPal announced that it was going to integrate Bitcoin (BTC) into its platform.

This worked like a charm for Bitcoin (BTC), and the largest cryptocurrency in the entire world got even bigger. Since then, Bitcoin (BTC) has been constantly gaining mainstream adoption and several institutions from around the world have adopted it.

However, similar to the president of the ECB, there are still many who still do not support the idea of adopting cryptocurrencies and Bitcoin (BTC) altogether.

Bitcoin (BTC) has been facing a lot of resistance and hard times from traditional financial institutions. It is the banks that are currently opposing the idea of Bitcoin (BTC) being dealt with as an asset for savings and investments.

The above speculation has also been confirmed by one of the professors from one of the world-renowned universities “Harvard”. Kenneth Rogoff, who is currently a Professor of Economics at Harvard talked about how the central banks currently perceive Bitcoin (BTC).

Rogoff stated that if people think that Bitcoin (BTC) has started gaining mainstream popularity, then they are mistaken. Despite all the success and attention, Bitcoin (BTC) is still far from gaining real mainstream adoption.

However, Bitcoin (BTC) currently has a very harsh and difficult journey ahead as the central banks from around the world are going to give a very hard time.

He stated that the central banks will not let Bitcoin (BTC) gain mainstream success and adoption. The professor stated that other cryptocurrencies are likely to face the same kind of treatment from the central banks.

He stated that for the time being, the majority of the cryptocurrency industry is unregulated. Many cryptocurrency firms in the industry do not adhere to the regulations that include AML and KYC policies.

For now, it is not possible for cryptocurrencies to be given mainstream status in the economy. The first thing that the governments would do is regulate cryptocurrencies and ensure that the policies are being adhered to.

Once the cryptocurrency regulations are streamlined and adherence is above satisfactory levels, then the cryptocurrencies stand a chance of being given mainstream status.

The words coming from Rogoff hold very high significance as he was one of the former chiefs at the IMF.

Bittrex Exchange Allowed Bitcoin to be Stolen, Claimed by Spanish Customer 0 6

As per the latest reports, the police authorities of the city of Tenerife have been given permission to investigate a case regarding Bittrex. As per sources, permission to look into the matter has been given by the Spanish court. The investigation has been launched by the Spanish court in response to a complaint that was launched by a Spanish Bittrex customer.

In the complaint, the customer has alleged to Bittrex that it was due to the exchange that he ended up losing his Bitcoin (BTC) to a theft. The plaintiff held the exchange responsible for the theft that led him to lose Bitcoin (BTC) that was worth $62,000.

As per sources, the cybercrime unit of the Tenerife police authority is currently investigating the matter. The cybercrime unit has stated that it will soon be sharing its preliminary findings around the matter. Then the police will be able to determine whether the exchange is to be held responsible for any involvement in the matter or not.

However, the plaintiff is continuing to blame the exchange for letting his Bitcoin (BTC) be stolen and taken away by the cybercriminals. He has claimed that the hacker was deliberately granted access to his wallet account on the exchange. As a result, the anonymous hacker was able to make away with around 1.3 Bitcoin (BTC) in the process.

One of the local reporting networks has revealed that the plaintiff himself is a resident of Tenerife city. The person claimed that it was May of 2020 when he had opened up his wallet account on the exchange for Bitcoin (BTC).

The plaintiff claimed that after creating the wallet account, he added 1.3 BTC to the same wallet account. Soon after making the deposit, he realized that his wallet with 1.3 BTC had been emptied and there was no sign of it.

Soon after learning about the theft, the first thing he did was get in touch with Bittrex so he got in touch with their customer support. Although he expected the team to support him, he got told by the customer support team that his account had been victimized by cybercrime.

The claimant also added in the report that he had hired a personal security expert in order to investigate the case. He wanted to get to the bottom of the theft and wanted to find the cybercriminals himself as he received no support from Bittrex.

The security expert hired by the claimant also shared his findings with the Spanish court. According to the report, Bittrex on four different occasions allowed the BTC wallet account to be accessed before the theft was attempted. The investigating expert also confirmed that the breach was observed from four different IP addresses.

All of the IP addresses used to breach the wallet account included Granada, United States, France, and Madrid.

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