Traders today are hell-bent on getting the best of online brokers. The reason most of them are aiming for online brokerage companies is because of the range of advantages they offer. As a trader, why wouldn’t you want to equip yourself with the best of resources for your trade operations? This, however, is easier said than done. You see, profitable investing requires you to take a moment to hone in on what is the most important service for you when it comes to choosing a trading platform. Not only that, but you will also be required to align your investing goals, learning ability, and educational requirements.
I remember the time when I was starting out. It can be turmoil trying to find the best online stock broker, especially when you have so many different options to choose from. The apprehension I faced hung in the balance of an exciting new income stream and frustrating disappointment. It takes time for beginner-level traders to find their way through the market and even more patience when they lose and have to walk away poorer. This is why the newbies rely the most on online trading platforms.
Secure VC
I have had my fair share of tragic experiences when I started out trading, however, much has changed since then. For one, I know to be smarter and not chase after hot tips now and then. Then again, it is my experience with these online brokerage companies that have greatly helped me build a certain momentum in the market today. I have been able to master basic skills and trade in the market with authority. One such trading platform that I have been associated with is SecuredVC. I wanted to run an overview of their service features and categorize the pros and cons that make this trading platform stand out from the crowd.
Layout
This is the first feature of the trading platform that we are going to assess. The reason the layout matters so much is that this is the first thing the clients will see when they access the server. This web-based service can be accessed from any electronic device having a stable internet connection. I have categorized the pros and cons of the layout based on my own personal preference.
| Pros | Cons |
|---|---|
| The selection of options is simple and straightforward. | Beginner traders might look for instructive tools which are absent on the landing page. |
| Option to open an account is well highlighted. | The dark backdrop was not something I found appealing. |
| Date and time are well-highlighted on the right-hand side corner of the main page. | The server does not indicate the date and time when you access the website from the mobile. |
| There are engaging graphics that make the server interactive. The drop-down lists for the education centre and info make the design compact and avoid unnecessary clutter. | Option for support requires the redirection of the page which might be an inconvenience. An integrated pop-up within the same page would be more suited. |
| Language selection is simple and easy. You can click on your preferred language from the right-hand side corner of the page itself. | The number of language options is limited. You can only select from English and Thai, which might be a problem for traders not accustomed to these languages. |
Trading platform
For me, the one feature I always look forward to assessing has got to be the chart of the trading platform. You can overview the market dynamics from this page and assess your own trade operations.
| Pros | Cons |
|---|---|
| A well-aligned customizable chart takes centre stage on this page. | The dark backdrop again was not something that helped the chart indicators stand out according to me. |
| Multiple options for trading are available which include Indices, Stocks, Forex, Crypto and Commodities. | I did not find the collections of Crypto suitable for my trade operations. The platform needs to work to add in a greater variety in those collections. |
| You can easily select your options for asset selection based on Trending, Daily change percentage and Name. | The colour scheme for indicators is red, orange and green. The red and orange can be a little confusing to interpret. I would have preferred had the platform used other bright colours to stand out. |
| The information sign next to asset reports can be clicked for you to get more details regarding that particular stock. | Pop-up report does not have added options to explore leverage and margins. |
| There is a panel on the left side that has a list of options such as Trade, Positions, Closed Positions, Deposit, Funds and Account Statement. | There is no option for support, which can be an inconvenience for clients who have to go back to the main page to access it. |
Account types
Once I was satisfied with the platform’s premium services, I decided to make an account. The window of opportunity that this forex trading platform offers is indeed vast, for it provides you with 4 different account packages. The entry prices for each of these account types are pretty nominal. This has definitely helped SecuredVC lead in the market with respect to client preference. They make sure that every type of trader is accommodated on their platform.
In the beginning, I decided to opt for the Self-Managed account, which has a minimum balance requirement of €250. This helped me get a trial run by assessing the trade operations on this platform. While I did not have many of the privileges that higher accounts on this platform enjoy, I still was able to make the most of it. I had access to over 200 tradable assets with a promising market review, and I could flex up to 1:100 in leverages.
Trade Operations
Once I knew that the trade operations on this platform ran smoothly, I upgraded to a Gold account. This account was well-suited for my own trade requirements. It had a minimum deposit requirement of €10,000 and many extra service features such as bonus funds, trade room analysis tier 3, financial and risk management planning, monthly webinars, Gold spreads and leverages up to 200. While all these are just as essential, it was the dedicated senior account manager that helped me the most.
You would think that the brokers on this platform would be too busy with the influx of traffic during busy market hours, but their dedication is commendable. The administration on this platform strongly withholds client satisfaction. This is why, despite a single account manager having multiple clients, they make sure to make time for all of them.
Secure network
The security regulations that this platform upholds are openly available for clients to overview. I found this to be an interesting step taken by the platform, as most platforms do not present such transparency in this regard. This is why apprehensive beginner traders are wary of trying out new online trading platforms for they fear hacking and other security violations.
SecuredVC has a separate section for a legal framework which can be accessed easily as it is available at the end of each page. So, if you ever want to overview the Terms and Conditions, Privacy Policy, Bonus Policy, Risk Disclosure Statement, Anti-Money Laundering & KYC, and Withdrawal, Refund, and Cancellation Policy; each of them can be easily assessed. This will definitely help you grow more comfortable with the platform itself.
Apart from this. The platform has strict regulations for the verification procedure upon each transaction. The main reason is to ensure that there is no identity theft. At the very most, you will be required to submit your government-issued identity card or any other document attesting to your identity with photographic evidence. You can rest assured that the platform has put in considerable effort to optimizing its servers to practice all market laws diligently. Not only that, but they also make sure that their clients are well-aware of the guidelines for secure trade operations. This sense of reassurance goes a long way for traders looking for a reliable trading platform, and SecuredVC seems to acknowledge its importance.
Learning Resources
As a trader myself, I am well aware of how fast-paced the market is. This is why you will constantly be required to unlearn and relearn certain strategies in order to get the best of deals. While many traders do extensive research in that regard, I was pleasantly surprised by the number of source staffing lined up by SecuredVC in their education centre.
They categorized their information resources as:
- eBooks
- FAQs
- Glossary
- Asset Index
| Pros | Cons |
|---|---|
| There are 12 eBooks that are lined up with information for both beginner level traders and expert traders. | The content of these eBooks has not been updated. |
| A well-equipped glossary allows you to brush up on your trade terminologies. | There is no option to search a word or terminology yourself. However, the alphabetic listing makes it easier to scroll through. |
| The five categories of FAQs make access to resource information fairly easy. | The limitation of information in the FAQ section is because it has not been refreshed. |
| Asset index includes a list of over 200 tradable assets that are well-aligned in alphabetic order. | The font style of the listing is not something I found appealing. |
Final Thoughts
I have had a great experience expanding my trading portfolio with this broker. I understand that different traders have various different trade requirements. I hope my review is able to cover most of the service features of this broker. SecuredVC is definitely setting a course towards making a mark in the trading world. Their selectable variety of accounts is something you can make the most of if you choose to give this platform a chance.
