A Review of Novobrokers Platform for Trading Forex, Stocks and Cryptocurrency. Image credit: Supplied
In order to provide its clients with the opportunity to trade smoothly, novobrokers.com provides them with well-known and reliable Forex trading platform such as MetaTrader 5. Withdrawals from the account can be made via international credit cards, e-wallets and wire transfers.
The Company strives to increase the financial literacy of the visitors by providing clients with a large collection of educational materials. The Broker regularly holds paid and free sessions on investing. These include training programs on the fundamentals of Forex trading, trading terminals, strategies and fundamental and technical analysis. Free videos and articles are also available, as well as daily financial news. The Broker’s website offers reviews of cryptocurrencies, stocks, forex pairs, ETFs and commodities. Bitindex Prime.
Novobrokers.com offers the latest version of the MetaTrader trading platform, MetaTrader 5. The MetaTrader 5 platform has all the benefits of MT4 but has been upgraded to provide greater efficiency. It contains more technical indicators and an improved interface and expert advisor. In other words, it is the upgraded version of MT4.
Apart from the classic and WebTrader versions, the broker also provides its clients with optimized mobile versions of the MetaTrader 5 trading platform. This mobile application is designed for Android and iOS devices and offers almost all the powerful functions of the desktop version. You can download the applications through the Google Play Store and Apple’s App Store.
MT5 platform is often considered a model trading platform for online trading primarily because most forex brokers use it for trading. The popularity of the MT5 trading platform is due to the fact that it is easy to use and easily customizable to the user’s needs. In addition, the platform offers a wide range of trading tools, such as a comprehensive package of charts and dozens of technical indicators. However, no one can argue that the MT5 platform is best known among traders for its ability to support automated trading with expert advisors.
There are 3 main types of trading instruments available for traders through the novobrokers.com trading platform. These include currency pairs, indices/stocks and cryptocurrency. The client just chooses the asset, paying attention to its liquidity, makes an order and then follows the changes in the asset’s performance. It is possible to make as many deals as you with simultaneously.
As we continue to expand our range of trading and investing tools, Novobrokers is constantly introducing cryptocurrency trading pairs with high liquidity. This will allow traders and investors to increase trade volume and diversification, explore new markets and expand their crypto portfolio. The spread can range from 1.5% for Bitcoin (BTC) to 3% for Litecoin (LTC) and 5% on less popular (and liquid) cryptocurrencies such as NEO.
When trading commodity assets spreads range from two pips for copper to 45 pips for gold trades. Transactions in stocks and ETFs have a minimum spread of 0.09% for both buy and sell. The broker’s investment areas offer different opportunities and allow you to diversify your portfolios, which significantly reduces the associated risks.
To meet the needs of different traders, the Broker offers 5 different types of trading accounts basing on the client’s deposit amount:
The Bronze account is the best rate for beginner traders, combining a low initial deposit and the opportunity to learn trading via Forex eBooks and videos provided by the broker. The Bronze user can benefit from all MT5 tools including third party professional trading signals. The spread is basic like it is for the next Silver account.
Gold, Platinum and VIP accounts benefit from all the services and tools of Novobrokers but in a different volume. For example, these are different spreads, and different amount of live trading events participation and one on one academy lessons (VIPs get unlimited number of the lessons).
Traders can contact the novobrokers.com support team with any questions. The support team is available 24 hours a day, Monday through Sunday, while the account executive team is available 24/5 (when the exchanges work). There is a live chat on the site and inquiry form. It is also possible to contact them via an email or a telephone number which will be different for different countries.
Beginners and professional traders can use the services of a personal analyst, who will take care of the selection of deals and market analysis. The official website of the broker also contains a list of answers to the most popular questions regarding the terms of cooperation, the trading process, and technical problems.