Monovex
If you have landed on this Monovex.com review, then you are likely in search of a good and capable broker. Despite their huge number, it can be quite daunting to find the right trading platform. Of course, every other brokerage you find nowadays will make tall promises. But, it is very rare to find a platform that can actually deliver on its promises. It can be extremely disappointing to realize that you have been misled, something that I experienced time and again until I finally landed on the Monovex broker.
At this point, I was convinced that finding a decent broker was impossible. This is when the Monovex broker proved me wrong because it lived up to all its claims. You can continue reading to understand why I came to this conclusion.
Account opening made simple
The first aspect of the Monovex broker that I truly liked was its simple account opening process. I had signed up on multiple platforms, but most had a very complicated or lengthy procedure. I kept on expecting to see more forms after I had filled out the one given on the website, but there was none. It took me just a few minutes to set up my trading account. This means there is limited paperwork to deal with and you can start trading as quickly as possible. What could be more convenient than that?
Multiple deposit options
One of the biggest headaches you face in online trading is the payment process. It can be difficult to deposit your funds in your trading account because most platforms offer very little options to use. The opposite is true with the Monovex broker because it offers you access to multiple options when you want to make a deposit into your account. You can use your debit or credit card, including VISA and MasterCard, or you can use bank wire transfers for your payments. The broker also supports e-wallets and online payment options to ensure you can make your deposits without any hassle and as quickly as possible.
Access to the top markets
These days, even beginner traders want to trade assets from different markets because they know the importance of diversification. But, setting up several trading accounts can become tough to manage. You do not have to do so when you choose the Monovex broker because it gives you access to the top markets in one place. You can trade assets from the forex, stocks, indices and cryptocurrency market when you open a trading account with this broker. It gives you the opportunity to build a diversified portfolio that will keep your risks low and profits high.
Availability of a secure trading environment
Security risks are inherent in the world of online trading, but the Monovex broker has gone above and beyond to minimize them as much as possible. I found it very refreshing that a broker has taken the security of its clients so seriously. Its use of firewalls to protect its networks minimizes the possibility of hacks and breaches. All data that you share with the broker is immediately encrypted, thanks to the use of SSL (Secure Socket Layer) technology. The use of two factor authentication (2FA) also fortifies your account security and reduces the possibility of outside access.
Competitive fees
One of the biggest draws of the Monovex broker for me was the platform’s competitive and reasonable fees. You obviously want to maximize your profits as much as possible. You need to make the right trades for that and also pay as little trading fee as possible. This depends on the broker and Monovex has certainly proven itself as very reasonable and competitive. It does not charge any commission on trades and offers some of the tightest and lowest spreads in the market. Moreover, you do not have to pay additional costs like withdrawal fees, account inactivity or maintenance fee.
Access to tools and resources
The Monovex broker gives its clients top priority and you will see this reflected in the tools and resources it has put together on its platform. I was relieved to find some of the best trading tools at my disposal after signing up. It saves you from the hassle of sorting through the numerous tools in the market yourself. You can directly start using them to make better trading decisions that can support your goals.
Apart from that, the learning resources that the Monovex broker has offered on its platform can be immensely helpful in improving your knowledge and skills. I particularly enjoyed the webinars and the tutorials that the broker has made available, as they were quite detailed and insightful. You do not need to look for resources on your own, as updated and authentic information is available on the platform.
Conclusion
Once you go through this Monovex review, you can conclude that it is undoubtedly an all-in-one broker. It has added all the right ingredients that you need for a successful trading recipe.
