CFDAdvanced
Even if you don’t have any experience or in-depth knowledge, there is no one standing in your way. You just need to have some money to invest and find an online brokerage to help you get started. Yes, this is a priority because these brokers will give you access to the market of your choice and provide you with everything that is required during the process of online trading. Where do you find one? You can search on Google and be presented with a ton of options, as there are numerous companies that are providing their services in the market.
This is a good thing because it gives you some choices and you can pick any company that seems suitable. But, it is important that you don’t make this decision without putting some thought into it because the broker and their services determine your overall experience. It is best to take a close look at the services of the company before opting for them because you want to ensure they are capable of catering to you. One of the choices that can be found in the market is CFDAdvanced, a forex and CFD broker, which is relatively new in the market.
Despite its lack of experience, CFDAdvanced has gained some recognition in the market quickly, but you shouldn’t rely on this alone when making your decision. It is best to check their services and then decide if they are a good choice or not. Let’s get started:
Broker
CFDAdvanced
Website
https://cfdadvanced.com/
Trading Accounts
Five Account Options; Silver, Gold, Platinum, Diamond and VIP. Expected Managed Accounts also available
Minimum Deposit
€10,000
Assets Coverage
Forex, Cryptocurrencies, Stocks, Indices, Commodities and CFDs
Trading Tools
Trading Indicators, Signals, Live Charts, Technical Analysis Tools, Price Alerts, Market Calendar and Risk Management Tools
Education and Training
Yes; Glossary, e-books, online video courses, webinars, tutorials, market analysis and sessions with experts.
Customer Support
24/6 through email, phone number, online contact form and live chat support
Security Policy
KYC (Know Your Customer) and AML (Anti-Money Laundering) MIFID II (Markets in Financial Instruments Directive)
Parent Company
CFD Advanced Ltd
Regulation
Cyprus Securities and Exchange Commission (CySEC), Financial Conduct Authority (FCA) and Australian Securities and Investments Commission (ASIC)
Trading Instruments
Before you look into any of the services of the broker, it is better to know what trading instruments they provide. If they don’t have the ones you wish to trade, there is no point in going forward and looking at anything else. With CFDAdvanced, you will be given access to more than 250 trading instruments, which belong to different financial markets. Firstly, they give their clients access to the foreign exchange market, which is the largest financial market in the world. It comprises of various currency pairs that can be traded for profits. You can also trade in the stock market, another profitable market that allows you to invest in some of the world’s biggest companies.
You can also try the indices market for some lucrative options that can help you boost your portfolio. If you are looking for less risky and steady returns, the commodities market is a good option where you can trade different types of commodities, such as hard and soft. CFDAdvanced has also kept up with market trends and added the cryptocurrency market to its offerings. You can trade some of the leading digital currencies on their platform and enjoy some solid returns.
Trading Platform
If you are satisfied with the trading instruments that are given and the broker offers the ones you are interested in, you need to take their trading platform into account. This is a vital feature offered by every single broker because it is the software used for trading and gives you market access. The kind of platform you are provided with is at the discretion of the company, so it is a good idea to check and then determine if it is up to the mark. In the case of CFDAdvanced, you will come to know that they have developed their own proprietary trading platform for their clients.
The first aspect of the trading platform is that it is web-based, which means that there is absolutely no downloading necessary on any device when you wish to trade. CFDAdvanced is focused on providing flexibility to their clients and they have achieved this goal by offering them a trading platform that can be used on any device supporting a web browser. It allows for trading on the move, ensuring that traders can take advantage of any opportunity, as soon as it presents itself. It is powered by state of the art technology to deliver instant trade execution to traders.
This ensures that you are able to open and close positions easily and there are no lags or delays. As far as usability is concerned, CFDAdvanced has developed a user-friendly platform, which makes it easy to use for beginner traders, as well as experts. They have also added a range of trading tools that can be quite useful for traders in making decisions. These include custom trading indicators, price alerts, advanced analysis tools for both fundamental and technical analysis, advanced charts and trading signals.
Registration
To be able to use the services of a company, you would be expected to complete a registration process first and this means knowing whether there are any requirements to be fulfilled or not. With CFDAdvanced, you don’t have to worry about any complexities because their registration process is straightforward and only involves filling out one form on their website. The form is a very short one and doesn’t take more than a couple of minutes, which is quite appealing to traders.
You just need to go to the CFDAdvanced website, click on the Sign Up button on the top left corner and it will open up the form. You have to enter your first name, last name, country and your phone number. An email address and password is also required, as these are used for login purposes for your account. The last step is to agree with their Terms & Conditions and these you can find on their website. You can go through them to see what they entail and then complete the registration procedure.
Account Options
After you are done registering yourself with CFDAdvanced, it is now time to check out the account options given because you will have to choose one of them that seems suitable to you. It is common for brokers to offer several account options, especially when they are targeting traders from all backgrounds and the same is applicable here. You will find that there are five account options that have been developed and each of these offer different features, depending on who the target user is.
The options on CFDAdvanced begin with the Silver account, which is developed for newbie traders and asks for a deposit of €10,000. The leverage provided in this account is 1:20 and traders are also given a 20% bonus as an incentive. They can get a platform walkthrough and access the standard trading room provided by the broker. You can upgrade to the Gold account when you have some experience and this one can be opened with a deposit of €25,000. Here, you are given a higher leverage of 1:40 and the bonus also goes up to 40% for greater incentive. Technical education is also made available in this account.
The third account that you will find on CFDAdvanced is referred to as the Platinum account and this one needs a minimum deposit of €100,000, as it is for intermediate traders who have some experience under their belt. The leverage here goes up to 1:60 to help them make bigger trades and the welcome bonus is also upgraded to 60%. A premium trading room is now offered and traders can also get fundamental and technical trading education now. Next up is the Diamond account for advanced and seasoned traders and this one needs a deposit of €250,000.
Here, traders are given a leverage of 1:100, a bonus of 80% and top brokerage services for their convenience. CFDAdvanced has also added a VIP account option and this one is for professional and VIP traders. They are asked to make a deposit of €500,000 to open this account and receive improved trading conditions starting with 1:150 leverage. They receive the highest bonus offered by the company i.e. 120% because they have a high trading volume and have a special team of brokers assigned to them to help them trade in the financial markets.
You can go through the account options and choose one that can meet your needs and your budgetary requirements.
Payment Options
After you have determined which account you wish to open, you will obviously need to meet the initial deposit requirement. In order to make the deposit, you have to look at what payment options are available. These can vary from company to company, so you need to take a look at the options and see if they are convenient for you. CFDAdvanced has added a number of methods on their platform for the ease of their clients. You can use traditional options like bank wire transfer, which are highly secure, for making your deposits. If not, they also provide support for debit and credit cards on the platform.
These are relatively quick and Visa, MasterCard as well as Maestro cards are supported by the company. You can use these methods not only for your deposits, but also for your withdrawals. In the case of deposits, transactions are processed instantly, but there is some waiting time involved with withdrawals. Once you submit a withdrawal request to CFDAdvanced, it can take up to three days for it to be approved. After approval, the funds will be reflected in your account within 7 working days. This is for your own safety and the withdrawal cost will also depend on the method used.
Customer Support
When you are taking a close look at the services of any broker, you should never neglect their customer support offerings. Support during the trading process is of the utmost importance because even a delay of a couple of seconds can result in massive losses for the trader. Unless you are willing to suffer, you need to find a company that can attend to you when needed. CFDAdvanced will not disappoint in this regard because they are well-aware of how important support can be. They have a friendly and prompt customer care department that is always ready to assist.
You will find various channels available on their website that can be used for getting in touch with their customer support agents. You can use the email address that has been provided by CFDAdvanced to send in your query. If not, you can fill out the online contact form, which you will find under the Contact Us section of the broker’s website. Lastly, there are different phone numbers provided on the website for contacting their support team. There are individual numbers available for some countries, such as the United Kingdom, Australia, Belgium, Netherlands and New Zealand, amongst others.
Traders can call on the number convenient for them and get immediate support, as the agents are quick and knowledgeable and will do their best to resolve your issues.
Furthermore, you will also find that CFDAdvanced has been quite thorough where their security is concerned and have provided a safe environment for their clients. They are also upfront about their policies because their aim is to provide transparent services to all their clients and you can sign up with them, whether you are new in the market or have some experience.