Advice for newbie traders

Posted by Eusle Web on November 23rd, 2020

Knowing where to start trading as a newbie can be quite a daunting experience. 

It's always advised that you search  for a reputable Trading Company to start your trading journey. You should ensure that your broker gives you access to free funds protection as per their regulation.

There are many factors that go into determining if a broker is safe or not. One of the key things to look for is the brokers regulation. Many people do not know that their country of origin determines the regulation of their broker.

So in order to to make sure that you trade with a broker with funds protection you need to check  the the regulation you are assigned by the broker is one with funds protection. Now, a shortcut to achieving this would be to use a site  that automatically matches your country of origin to a broker with funds protection. There are some sites available that not only match your country to a broker but they also provide further assurance through covering any legal costs that you have going forward if your broker fails in any way.

So if for example you wanted to open an account with Trading212 then you have multiple options you can sign up directly with the trading212 sites but by doing so you will not get the legal protection that you you may need further down the road. You will be better opening account through an intermediary thereby guaranteeing legal help in the case of future claims.