XTR Gate is an online cryptocurrency broker that has received some great limelight in recent years. Now, if you are someone who is searching for a great online broker, you would definitely want to know what made this broker outshine so many others. Since I have been a cryptocurrency trader for many years, I can tell you a lot about online brokers that provide you with a platform for trading cryptocurrencies. First of all, there are hundreds of them; some allow you to trade other assets as well while others let you trade only cryptocurrencies. XTR Gate is one of the latter ones.
Before I started trading cryptocurrencies, I researched dozens of online cryptocurrency brokers. Based on my experience, I can tell you the worst ones and the best ones. Among the ones that I have always recommended to new traders is XTR Gate. However, I believe I should not give a verdict here and impose it on you. I would like to evaluate the eight features of XTR Gate that I like the most and let you decide whether you should sign up with this broker or find another one. So, here we go.
The 8 Features of XTR Gate You Should Consider
The Asset Index
The asset index from the broker matters a lot, at least to me. I think you can check out the seriousness of a broker from the asset index it has. If you are signing up with a cryptocurrency broker, you expect someone who specializes in this particular area of trading. Of course, if you sign up with a forex broker, you wouldn’t expect it to provide you with cryptocurrencies for trading. However, you would definitely expect it to provide you with a lot of options of trading forex currency pairs. The same is the case with cryptocurrency brokers. If they call themselves crypto brokers, they should offer you a lot of different digital currencies for trading.
I have felt that this broker is doing just that. It specializes in providing cryptocurrencies to traders for trading. If you look at other brokers, you will notice that they provide you with a lot of other assets for trading, such as stocks, commodities, and forex currency pairs. However, these same brokers give you very limited access to the cryptocurrency market. If you don’t know, this market is still pretty risky for many online brokers. I like the fact that XTR Gate does not shy away from taking bold steps, and that’s why this broker has some great cryptocurrencies available for trading as well.
If you would want to trade cryptocurrencies with high value, you can go with Ethereum and Bitcoin trading. On the other hand, if you want to invest in cryptocurrencies that don’t have very huge values but are still strong contenders, you can go with Litecoin, Ripple, and Dash.
Proper Information from Traders
Some new traders who are not fully aware of the online world might think that this is not a good thing. They think that they should be signing up with brokers that don’t ask for a lot of information. If you are under that impression, I urge you to change it straight away. The right broker is one that asks you for a lot of information. A broker asks you for your personal and banking information under the recognized KYC and AML policies. These policies are there for the safety of traders and investors around the world. They allow brokers to recognize their traders and sift any illegal entities from the bunch.
So, why is it important that you provide your personal details to the broker? Well, you tell me how you want your broker to recognize you? Let’s imagine a scenario. Let’s say someone has stolen your information and they are using your information to sign up with XTR Gate. How can XTR Gate know that this person is not you and that they have stolen your information? The only way to do that is through the implementation of KYC and AML policies. You should be glad that XTR Gate has these policies in place and when you sign up, you will have to provide the broker with your identification, banking, bank statement, and credit card details.
Information encryption is not an option today, it is a necessity. When you sign up with an online service, you provide your personal details to them. The personal details you provide are considered sensitive information, which should be protected at any cost. However, you can only install antivirus softwares and other similar tools on your computer locally to protect your information. Once you have provided your details to an online broker, it is the job of the broker to protect that information. That’s where encryption comes in. It is a process of converting your information into something that no unauthorized parties can understand.
The first thing I checked when I landed on the website of this broker was SSL certificates. The broker has these certificates installed and updated on the website. This means the broker is taking care of all the information that you provide on the website. Your sensitive and personal information needs to be protected by the broker, and I think XTR Gate is doing a pretty good job.
Convenient Deposits and Withdrawals
Deposits and withdrawals are no problem with this broker, and I must tell you that this is something you must not ignore. It is quite common for new traders to ignore this particular factor when they sign up with a broker. You think depositing money is as easy as ABC but that’s not true. When it comes to depositing money, you will face lots of problems if you sign up with the wrong broker. For example, you might have to pay extra fees for this service. Yes, you will have to pay fees for depositing your money in your trading account. In addition to that, you will not always be given the best methods to deposit money in your account.
Things are pretty easy with this broker when it comes to funding your account or withdrawing your funds. When you deposit funds, you will not be charged any commissions that you are not aware of. In addition to that, you will not have to worry about unsafe methods of deposit. You can deposit your money in your account using bank wire transfer or credit card. You can use a variety of companies to deposit money through a credit card. You will be surprised to know that this broker also allows you to use eWallets to deposit funds in your account. That’s something you will not see from many other brokers.
The Web Trader
A web trader is much better than an application that you have to install on your phone or any other device. At first, it may seem to you as a new trader that you should go with a trading platform that you can install on all your devices. And that’s a good idea because then you will have a trading platform that will suit the requirements of every device that you own. However, you will not have a uniform experience when you go with these applications. At the same time, you will always have to download the application every time you switch a device. These softwares can also malfunction because they are running on your device.
On the other hand, I have always admired all the online brokers that go with the web trader. I have to tell you that XTR Gate is not the only broker that offers you this type of a trading platform. There are many others as well, but since we are talking XTR Gate, let’s keep our focus on the web trader from this broker. So, even if you are located on the other side of the world, you can use this trading platform easily. You can use the same trading platform on your smartphone, laptop, tablet, and desktop computer. All the charts, graphs, and other indicators that you need while trading will be there on your trading platform regardless of the device or operating system you are using.
In-depth Trading Education
You have to make sure that you learn cryptocurrency trading before you start doing it. Now, here is something I want you to know. You can’t rely on all the brokers who provide you with training material for trading. Some brokers stick to very basic training material. What you learn from that material is just basics of trading. If you want advanced trading strategies, those educational materials are no good for you. The training material from XTR Gate is what I like. It is in-depth and provides you with all the important knowledge that you need to become a professional trader.
So, if you want to trade cryptocurrencies, you will first have to know what cryptocurrencies are and why they are different from other assets. The training course from this broker will help you learn that. Furthermore, you have a course focused only on trading strategies. With this course, you will learn the many trading strategies that will help you survive in the market even when you don’t seem the trading conditions to be as good.
Proper Customer Service
You will be surprised to know that not all online brokers provide you with the type of customer support you need. So, when you sign up with a broker, you expect support in some form when you are in need. While it may seem unlikely at first, but you will run into a situation at some point when you need help from the broker. That’s when you crave getting help from a professional who listens to you and provides you with proper support. Unfortunately, some online brokers have chosen their FAQs sections on their websites to be the only way to help their traders, which is not a great help.
The best way to get help is through channels that you are most familiar with. So, in the case of XTR Gate, you will notice that you have emails as well as phone available to help you when you need it. The broker has openly provided you with an email address and phone number so you can get in touch with its customer support as soon as you need help. These professionals are there to help you with your issues 24/6, which means you can call at any time during the day or night on these six days to get instant help.
Banking Is a Breeze
Should banking be an issue when you sign up with an online broker? Well, the reality is that it should not be a problem, but some brokers make it one. They have hidden fees that they don’t tell you about beforehand. You only get to know about them when you deposit funds in your account. At times, they might not have any safe methods of deposit available for you. XTR Gate has made banking a breeze and I am happy that the broker took the great step of doing that. For fast deposits, you can go with credit card deposits. If you want slow yet safe deposits, you can go with the bank wire transfer option.
However, if you are looking for a fast, safe, and modern method of depositing funds in your account, you can go with the eWallet option. The broker will tell you about all the fees that are applicable on your withdrawals and deposits, if there are any. You will never be shocked with any fees or charges that you were not told about before.
You now know about the eight features I personally prefer while being a trader with XTR Gate. I don’t say you will be signing up with the best cryptocurrency broker in the world when you choose XTR Gate, but I can definitely say that you will not regret your decision because the broker has everything for you. You don’t have to make a decision straight away. You have found out about these features, now you just have to evaluate them personally and then make a decision.