Though TradeOr is a promising new entrant on the online trading scenery and a very promising one at that, especially since its proprietary trading platform makes trading really easy and straightforward, it may not be the ideal broker for all traders, who may wish to seek other alternatives to better meet their specific trading needs.
The most striking difference of TradeOr from other brokerages is the fact that it only accepts Bitcoin as a payment method. This ensures the instant execution and the utmost safety and privacy of all transactions, but it may be problematic or a barrier in the eyes of some users, who might not be willing to first exchange their fiat currency into Bitcoin and then proceed into trading via TradeOr.
Moreover, traders seeking a broker with a strong offering in terms of education, training and market research will definitely need to look elsewhere as, at least for the time being, TradeOr does not offer such content on its website for its customers. Additionally, more professional, seasoned traders, whose trading styles and strategies require extensive access to dedicated and advanced analytics tools, might also need to seek an alternative broker or at least use additional sources towards this end.
Traders who require access to a demo account before setting up a live trading account will also need to seek an alternative to TradeOr, since this brokerage does not currently offer a demo account. Another downside in the eyes of certain traders, especially more seasoned ones, is the fact that TradeOr does not offer multiple account types, which may be tailored to each trader’s needs as other competitors do, but only has one account type with the same leverage, fees and spreads for all users.
If you do decide to find an alternative broker to TradeOr it is imperative that any service provider you are considering instead, should be one that offers you a safe, secure and reliable trading environment, both in terms of transaction execution, as well as the safety of your funds and the secure protection of your privacy and personal and transaction data. Since the TradeOr platform is innovative, seamless and extremely user-friendly and easy to use, ensure that any alternative broker can at least match if not exceed this, as the usability of the trading platform is crucial to the success of your overall trading endeavor.
Moreover, since TradeOr is still young and its tradable assets offering still fairly limited, a competent and effective alternative brokerage would be one that offers you greater confidence due to its proven and consolidated existence in the industry, as well as a more wide and extensive selection of tradable assets, which will enable you to effectively engage in the diversification of your investment portfolio.
Named after the very large, distinctively shaped, fish preying hawk, which suitably decorates the brand’s logo, OspreyFX is a relatively new entrant in the world of forex brokerages, aiming to offer existing and aspiring traders an innovative venue in which they can satisfy all their trading needs, including the trading of cryptocurrencies.
Since its foundation in Israel in 2007, eToro has quickly climbed the ladder of the social trading revolution and proudly occupies the leading position as the world’s biggest social trading and investment platform, which is initially introduced in 2010.
FXTM is a leading Forex and CFD broker, which has to date won several coveted awards and trades under the name ForexTime Limited. This broker is regulated by several financial watchdogs across the globe, including the UK’s Financial Conduct Authority (FCA), and it is thus considered a trusted and secure venue for your trading endeavors. Moreover, it enjoys huge popularity amongst traders of all levels, from beginner to pro, and its users consider the user experience it provides as top-notch.