In the last few decades, the world has become a digital one, which has prompted numerous businesses to shift their operations online. Working, studying, entertaining and socializing online has become the norm and it is not surprising that people turn to the internet for solutions. The same is applicable when people are looking for ways to invest their money or trying to figure out how to supplement their income. There are numerous opportunities online and people may wish to take advantage of them. If you are looking for a solution that can provide you a high return on investment (ROI), you can opt for online trading.
You have probably heard of people talk about trading in the financial markets, such as the forex market or the stock market, for years, but a lot of people don’t consider venturing into these markets. This was mostly because it seemed to be a complex process, but things are different these days in this digital environment. Trading has also moved online, which means the financial markets can be accessed without going anywhere and by anyone. There is no one asking you for any credentials or experience and you don’t need hefty investment either.
But, how will you access these markets? In order to do so, you will require the services of a exchange. Yes, they have been part of the financial markets from the beginning and still play a vital role. The only difference is that you can now find online exchanges, who can facilitate you in trading in the financial markets. There are a plethora of these exchanges that you can find online, but it is your job to choose one that seems a good one to you. This is where people may face some confusion because most people don’t know how to pick a company.
After all, not all companies that you will come across are legitimate and you don’t want to fall for a scam. Therefore, it should be your priority to check the features of a exchange and then sign up for their services. One of the options you will find at your disposal is Wynn-ex, a forex and CFD exchange that claims to provide its clients access to various financial markets in one place. They have developed a positive reputation and their website is available in multiple languages, including English, Greek, Spanish and German. But, you should check out their features before making any decision. Let’s read through this Wynn-ex Review:
|Trading Accounts||Four Account Options; Bronze, Silver, Gold and Black Account|
|Trading Tools||Trading Indicators, Signals, Live Charts, Technical Analysis Tools, Price Alerts and Risk Management Tools|
|Education and Training||Yes; , Glossary, e-books, online video courses, webinars, tutorials and market analysis|
|Customer Support||24/7 through email, phone number, online contact form|
|Security Policy||KYC (Know Your Customer) and AML (Anti-Money Laundering)|
|Parent Company||xrg3olb OÜ|
Feature 1: The Asset Index
When you have decided to check out the features of a exchange, it is best to begin with their asset index. This refers to the trading instruments they are offering on their platform and checking out these options is essential, particularly if you are interested in specific markets or you want to diversify your portfolio. Wynn-ex can turn out to be rather impressive where its asset index is concerned because the exchange offers its clients access to more than 1500 trading instruments that belong to some of the biggest and most prominent financial markets in the world.
With such a huge variety of assets available, you can rest assured that you will be able to find an instrument that suits your risk appetite and there will be plenty of room for diversification as well. Some of the top categories you can explore with Wynn-ex are:
Cryptocurrencies: Bitcoin was the first cryptocurrency introduced in 2009 and it has now become a global phenomenon. The market is very volatile and offers extremely high returns, due to which people have become quite interested in investing in this market. You can trade cryptocurrencies like Bitcoin, Litecoin, Ethereum and Bitcoin Cash.
Feature 2: The Trading Platform
Once you have figured out what markets you will be able to access and the instruments you will trade via Wynn-ex, you should now take a look at how you will do this trading. This is where a trading platform is needed because this software is used for accessing the markets and executing the trades. It should be noted that platform can vary from company to company, as it is at the discretion of the exchange to decide which software they wish to offer. As it can have a big impact on your trading performance, you should take it into account.
When you check the trading platform provided by Wynn-ex, you will come to know that they have opted for a web-based option. This means that their trading platform is accessible through their website and can be used on desktop PCs, laptops and mobile devices as well. You don’t need to download it anywhere or have to worry about installation. Comprising of cutting-edge technology, their trading platform runs smoothly and you will not have to put up with any lags.
Traders are given the opportunity to use one-click trading on Wynn-ex and it also provides instant trade execution, enabling traders to take advantage of any and all market movements. The platform has a user-friendly interface, eliminating any learning curve that beginners have to deal with on other platforms. Moreover, Wynn-ex has equipped their platform with some of the most sophisticated trading tools that can help in making better and smarter decisions. There are different kinds of charts provided, along with detailed market analysis.
You can also place advanced trading orders and Wynn-ex also provides an economic calendar for keeping track of important events in the market. Trading signals are also provided, along with a range of analysis tools. A web platform also provides flexibility in terms of devices, which can be quite convenient. Furthermore, you will also find mobile apps for iOS and Android available that can be used for trading on the go. With these apps, traders can have access to their account from anywhere and control their trades for minimizing losses and maximizing profits.
Feature 3: Account Registration
Registering is the first step you will be required to take when you decide to sign up with a exchange. The process, however, varies from exchange to exchange, so you should know what is expected of you when you are considering a particular one. Unlike many of its counterparts, Wynn-ex has chosen to keep this registration process simple and easy for its clients. They don’t have any complex requirements, which can be quite frustrating for traders who are eager to start trading. In fact, registering with them will not take you more than a few minutes.
This is because their registration comprises of a single form on their website that needs to be completed. The form asks for basic data, like first name, last name, email address, home address, postal code, country, phone number and a password. You are also asked to choose between two currencies; Euro and USD. The last step is to agree to the Terms & Conditions that have been mentioned on Wynn-ex’s website and to confirm that you are at least 18 years of age, since this is a requirement of the company. As soon as these steps are completed, you will be registered with the exchange.
Feature 4: Account Types
The next step that traders are required to undertake after they have registered with a exchange is choosing an account option. Companies offer various account choices to their clients because they recognize that not all traders have the same risk tolerance, budget and skill level. Different account types are developed for different types of traders, ensuring that everyone can find something that appears suitable to them. Wynn-ex has also added four account types to their offerings and you can go over each of these before choosing one. Let’s take a look:
Bronze: The first account that you can open with Wynn-ex is referred to as the Bronze account and this one is developed for newbies and beginners. It comes with a minimum deposit requirement of €500 and offers static spreads. It offers an introduction to the Wynn-ex trading platform and the minimum lot size is 0.1. Traders will be able to access the news feed, financial calendar and take advantage of leverage of 200.
Silver: The second account option that you will come across is called Silver and it is for intermediate traders. Therefore, the deposit requirement has been set at €5,000 and it also provides a welcome bonus of 25%. The account gives access to masters partial and the minimum lot size is increased to 0.5.
Gold: The third account option that has been developed by Wynn-ex is called Gold and this one has been created for skilled and advanced traders. Hence, the minimum deposit needed for opening this account is €25,000. With this account, traders will be able to get a personal manager, leverage as high as 400, full access to education center, a welcome bonus of 50% and analytical updates. The minimum lot size is now 1.
Black: The last account option that you will find on Wynn-ex is called Black, but you cannot sign up for this account. It has been developed primarily for VIP and professional traders and only those who receive an invitation can sign up for this account. There is a certain criteria that has to be met in order to become eligible for this account. It offers the highest leverage of 500 and the welcome bonus is variable. The minimal lot size is also 1.5 and all other features offered by the exchange are available in this account.