In 2009, when the first cryptocurrency Bitcoin was introduced by its founder, Satoshi Nakamoto, no one could have fathomed how it would change the world of finance. Yet, it has done exactly that, and today, cryptocurrencies are regarded as a force to be reckoned with because they are changing the entire financial industry. These digital currencies are becoming more and more mainstream with each passing day and they can provide you with returns that no other trading instrument is capable of. So, if you are thinking of making a way into the financial market for making some returns, cryptocurrencies are the way to go.
Sure, these may be volatile, but it is their volatility that has helped them in providing solid returns to their traders. The world of trading is more open than ever, thanks to technology and the internet, and you can start trading crypto with even a small investment. However, you do need a broker to begin with and there are plenty of options to explore in this regard as well. But, it is essential to remember that it is better to opt for a brokerage that specializes in crypto trading because this instrument is unlike any other.
Hence, it requires special tools and features to make trading easy and smooth for everyone. Due to the popularity of cryptocurrencies, the number of brokers specializing in this asset has also gone up. Nevertheless, not all brokers are capable of getting the job done right. Before you make your selection, you need to know some vital things about a broker and this is also true in the case of Neuer Capital, one of the crypto brokers in the market. Even though it is relatively new, it has garnered a lot of attention quite quickly, but why is it so? The only way to find out is by asking some questions about the broker. Let’s get started:
How is its asset index?
One of the first questions you need to ask about Neuer Capital is about their asset index. Sure, they offer cryptocurrencies, but which ones? Lots of brokers claim the same in the market, but they have very limited options and this can be annoying when you want to spread your investment into multiple choices. With Neuer Capital, you can diversify your crypto investment as much as you like because it has added a range of options for its clients. The broker offers the top crypto in the market like Bitcoin, Ethereum, Litecoin, and Ripple, but it has also added some others that are not so well-known, such as Binance Coin, NEM, and Qtum.
Does it offer a secure trading environment?
Cybercrimes are a reality and the numbers have been on the rise in the last decade or so. Trading online comes with its security risks and you need to confirm that your selected broker provides you with a safe trading environment. Neuer Capital is familiar with the issues and has implemented measures to ensure the peace of mind of its users.
They protect your information with the use of 256-bit SSL (Secure Socket Layer) encryption, as it prevents third-parties and outsiders from gaining any meaningful information. It follows international security standards by opting for customer account segregation to prevent funds’ misappropriation. In addition, KYC (Know Your Customer) and AML (Anti-Money Laundering) policies are also added for adding another layer of security.
What does the registration process entail?
For newbie traders, the most daunting part is the registration process. What do you have to do to sign up with a broker? This often makes traders nervous because they don’t know what they will be asked and what information needs to be provided. Neuer Capital has opted to keep it straightforward and quick for everyone, so they can focus more on trading. To register with this broker, you have to visit their website, fill out the given form and you will be done. The form itself is very basic; enter your name, phone number, email address, and account password and select a currency from GBP, USD, and EUR.
Does it offer any account options?
Once you have registered with the broker, you have to open an account with them where you deposit your funds and your trading history is recorded. It also contains all the personal information you share with a broker. Several account options are given by most brokers and Neuer Capital has also done the same. On their platform, you will come across a total of six account options, which are certainly more than what’s the norm. The aim is to ensure that every trader, no matter what their trading experience or background, can find a suitable account for their needs.
The choices begin with the Basic account, where you have to deposit €1,000 to get started. Next is Bronze, which needs €10,000, €25,000 for Silver, Gold account for €50,000 and €250,000 for the Platinum account. The last account is called Black, but it is reserved for professional traders who have to fulfill certain requirements before they are eligible for it. Features offered in every account differ, but some are common like daily market review, education center access, and customer support. Some features like exclusive position access, one-on-one training, and personalized trading strategy are account specific.
What support options are available?
Neuer Capital has incorporated several channels for offering customer support to its clients 24/6. You can get in touch with them via email or give them a call on the number provided on their website. There is also an online contact form given on the website that you can fill out with your query. In addition, the broker has put together an FAQ section for providing answers to commonly asked questions and this can save you the hassle of having to get in touch with customer support.
Should you Go for it?
Once you have learned these important things about Neuer Capital, you can sign up with them to trade cryptocurrencies and tap into their potential.