CTmatador Review – Understanding the Ins and Outs of the Broker
Online trading can have a big payoff; everyone is aware of this fact. It is one of the top reasons why people jump into the financial markets because they don’t want to miss out on opportunities. However, you have to remember that there are a number of factors that play an important role in this process and these can be a big impact on your performance and success. One of these is the broker you choose for your trading needs. Many people may not pay much attention to this vital decision and can suffer in the long run. Checking out this CTmatador review is essential before you take things forward.
This is because it is the broker that will arm you with all the tools that are needed for trading in any financial market. It doesn’t matter whether you are a beginner or an experienced trader; this decision is important for everyone. It requires some effort because you need to know your own needs and expectations before deciding anything. The right platform can simplify your journey and help you achieve the goals you have outlined for yourself, whereas the wrong one will only derail your plan.
The hundreds of options that you come across in the financial markets can be disconcerting, but you have to sort through them to find the one that is suitable for you. Even though it is a relatively new addition to the space, CTmatador appears to be doing something right because it is enjoying a great deal of popularity. Based in London, United Kingdom, the broker is offering CFD trading to its clients, but you have to know its ins and outs first. Let’s dive in:
The Instruments Available for Trading
There are hundreds of thousands of trading instruments spread across different financial markets and their profitability varies, depending on their demand, supply and their volatility. No broker can offer you access to every single instrument, but you do want to trade those that are profitable and can deliver the results you want.
Therefore, you need to consider the instruments provided by any company before making a decision. You will find the choices at CTmatador very appealing because they have added some of the top instruments from prominent financial markets, giving their clients the opportunity to diversify their portfolio. Some of the markets to explore are:
Forex: The world’s biggest financial market, it comprises of numerous currency pairs and you can trade the best ones like EUR/USD, GBP/USD, USD/CHF, AUD/CAD, USD/JPY and EUR/GBP.
Stock: Another popular market you can explore at CTmatador is the stock market, as you can invest in shares of companies like Apple, Amazon, Google, Tesla, Netflix and PayPal.
Indices: If you prefer trading baskets of stocks, the indices market is the space for you and you can choose from some of the leading indices like FTSE 100, S&P 500 and NASDAQ 100.
Cryptocurrency: As they have become a very hot instrument these days, CTmatador has also added these digital currencies to its offerings. They include Bitcoin, Litecoin, Ethereum, Bitcoin Cash and more.
Commodities: You can get consistent returns with the commodities market, as it comprises of options like gold, silver, crude oil and natural gas.
The Trading Solution for Market Access
One of the most crucial features of a broker is their trading solution i.e. the software they provide to their clients for accessing and then trading in the markets. It is at the discretion of the company to decide what solution to offer and CTmatador has chosen to provide its clients with the best i.e. the MetaTrader. A quick search will tell you that it is recognized as the leading trading solution in the market and is considered the industry standard because of its capabilities and tools.
It uses cutting-edge technology to deliver features like one-click trading, thereby ensuring speedy trade execution. The intuitive user-interface can make the platform easy to navigate. In addition, CTmatador has also ensured that its clients can enjoy the tools provided for making the best decisions. These include fundamental and technical analysis tools, advanced charts, trading signals, price alerts, risk management tools like stop-loss and take profit and the latest financial market news.
The Account Registration Process
It is understood that you will be required to complete a registration process before using a broker’s platform for your trading needs. The process itself varies from company to company, so you need to know what is expected. Fortunately, the process at CTmatador is a simple one, as there is only one form to be filled out. Provide your name, email address and password, phone number, country, creative label and beneficiary information.
This is all it takes for you to register and then you can check out the account options. Here, you will come across two options that CTmatador gives to its clients; one is for new traders and is a risk-free demo account, whereas the second is for experienced traders and is the live trading account. The minimum deposit required is $250 and the features of both accounts are different. The demo account offers competitive pricing, education, analysis and news, 24 hour customer support and negative balance protection. The live one comes with a relationship manager, competitive pricing, priority service and negative balance protection.
The Customer Support
It is necessary to understand the quality and level of support available because it affects your journey significantly. You will find CTmatador to be more than adequate in this regard, as they have added several channels that can be used 24/7. You can send in an email, or give their agents a call. An online contact form can also be filled out for getting a callback at your convenience. The FAQ section on the website provides some answers as well, for your ease and guidance.
Taking into account the educational support, security and pricing as well, it is clear from the offerings of CTmatador that they know what they are doing and can be a suitable choice for every trader, whether beginner or experienced.