While recently testing out a bunch of different kinds of brokers that are available in the market, I stumbled upon the Banxso trading platform. This platform has recently been getting a lot of traction from many new and experienced traders, and after thoroughly reviewing it, I can understand why. If you have used or tested any trading platform before, you know that almost all of them are made for a specific class of traders. However, this is not the case with this platform, and in my Banxso review, I will talk about why.
This specific broker platform comes with a set of features and functionalities that are designed to match the needs and requirements of all traders. So, without wasting any time, let’s go through these different features and aspects and see if this platform is a good option.
Multiple Levels of User Accounts
To start my Banxso review, I will talk about trading accounts, as they are the first thing you choose when you sign up with any broker. If you have joined any trading platform before, you’d know that most of them just have one standard user account. Now, this standard account can be either made for new traders or professional traders, depending on the platform. However, when I entered the Banxso broker platform, I was quite surprised by the availability of multiple trading account options. I noted that it had a diverse range of user account options.
It has basic-level accounts, medium-level accounts, and premium-level accounts for all levels of traders. Higher-tier accounts come with additional trading features and functions, whereas lower-tier accounts have fewer features and simpler functionalities. Traders can pick their user accounts according to their needs and skill levels.
Multitude of Trading Assets
After completing the signing up process, I observed that the Banxso trading platform offers a wide variety of asset class options. From crypto trading to forex trading, it allows users to trade and invest in multiple assets. Users can add different modern and conventional trading assets to their portfolios, such as forex pairs, stocks, indices, and various cryptocurrencies. They can also trade some physical commodities like valuable metals and oils.
With this availability, traders from all levels and kinds can sign up with the Banxso broker platform. They can choose to trade in their desired asset classes and build a diverse portfolio without any restrictions.
Extensive Range of Trading Tools
When it comes to trading tools, most platforms either have very basic ones or totally advanced ones. Now, these basic trading tools can be too mediocre or useless for many experts and professionals as they are designed to function simply. On the other hand, novice or new traders find advanced tools to be difficult to understand and use. For this very specific reason, the development team of the Banxso trading platform comes integrated with an array of tools. It has a multitude of both simple and technical trading tools.
Beginners and starters can use these trading tools for simple functions like converting any currency or setting important dates on a digital calendar. Professional traders can use these tools for advanced operations, such as technical analysis of any market.
Digital Library of Educational Materials
Lastly, another feature that I think makes the Banxso broker platform suitable for all levels of traders is its availability of educational resources. Its developers have built an entire library that contains many learning materials. There are various detailed ebooks, short informative articles, explanatory glossaries, step-by-step guides, and even video-based tutorials available in this library.
All these materials and resources are available at both the starter and professional level. Beginners and starters can use different ebooks, guides, and tutorials to learn the basics of trading and marketing. Experts or experienced traders can use them to further improve their knowledge and skills.
Is Banxso a Scam Or legit?
In this part of the Banxso review, I will discuss a few security measures that this platform employs. This trading website has designed strict Know Your Customer and Anti-Money Laundering policies to prevent the risk of cyber criminals and cybercrimes. It employs the use of 2-factor authentication to safeguard traders’ accounts from unauthorized access, reducing the risk of data breaches. Considering that it also uses SSL and 245-bit encryption protocols to protect users’ confidential information, this platform looks legitimate to me.
Summary
In a nutshell, this digital broker platform is a good option for all levels and kinds of traders as it comes with extensive features and functions. It offers a diverse range of trading account options that users can pick according to their experience and needs. It has a multitude of asset classes, so traders can add their desired ones to their portfolios. It comes integrated with a wide variety of trading tools that can be used for both basic and complex operations. Plus, it has created an entire library that includes various educational resources so users can improve their trading and market know-how.