BUSINESS

IS MIGOTRADE THE RIGHT CHOICE FOR ONLINE TRADING?

saanvi sengupta

A SHORT INTRO OF MIGOTRADE

As the name suggests, MIGOTRADE is an online trading brokerage that has been created with aims to change the misconception among online traders who have started losing faith in online brokerages due to below standard services and false claims such brokerages make only to make investors pay more money.

Also Read: Bitcoin Whale Transfers 4,500 BTC From an Unknown Wallet to Binance

While most of the brokerages focus on extracting money out of investors, MIGOTRADE urges investors to learn and gather as much information as possible through their learning programs and become independent traders who can then add up their capabilities and work as mentors for the newcomers.

OFFERED CLIENT ACCOUNT TYPES

After careful analysis of the investors’ market and the investors, MIGOTRADE has created following account types in order to cater to the needs of the investors:

  • BRONZE

For investors who are new to the online trading platform and are eager to learn basics of trading and ways to make profits, Bronze account is the right choice. Through Bronze account, investors have access to online financial courses for educational purposes. For the learning purposes, investors have the opportunity to go through one-on-one training sessions and weekly/monthly webinars.

When it comes to assets, investors have the option to choose from Forex trading, Indices, Cryto-currency & Stocks. For Bronze account holders, MIGOTRADE offers investors to trade in the 0.01 trade sizes and they are able to trade in $15 per lot equities in the US and Asia markets.

Additionally, the investors can seek guidance or share their concerns through MIGOTRADE’S 24/7 customer support.

  • GOLD

For investors with somewhat experience in online trading, Gold account is the right pick. The investors have access to online financial courses and e-books for educational purposes. For the learning purposes, the investors have the opportunity to gain experience and learn through one-on-one training sessions and weekly/monthly webinars.

For trading assets, investors have the option to choose from Forex trading, Indices, Cryto-currency & Stocks. For Gold account holders, MIGOTRADE offers investors to trade in the 0.1 trade sizes and they are able to trade in $13 per lot equities in the US and Asia markets.

In order to cater to the needs of the investors, MIGOTRADE has arranged to provide them with 24/7 customer support.

  • PLATINUM

For investors, who are ready to make use of their trading experience and invest big bucks to make hefty profits, Platinum account can prove beneficial as the investors have full access to online financial courses and e-books for educational purposes. The investors can also be a part of the one-on-one coaching sessions as well as webinars to polish their skills further.

For trading assets, investors have the option to choose from Forex trading, Indices, Cryto-currency, Commodities & Stocks. For Platinum account holders, MIGOTRADE offers investors to trade in the 0.2 trade sizes and they are able to trade in $11 per lot equities in the US and Asia markets.

In order to cater to the needs of the investors, MIGOTRADE has arranged to provide them with 24/7 customer support.

  • DIAMOND

Diamond accounts are for those who have gained a lot of experience in the trading industry and are ready to apply what they have learned throughout their trading journey and make the most use out of them to make big investments and earn themselves huge profits. Through MIGOTRADE, diamond account holders have full access to online financial courses and e-books for educational purposes. On top of this, the investors can also be a part of the one-on-one coaching sessions as well as webinars to polish their skills further.

For trading assets, investors have the option to choose from Forex trading, Indices, Cryto-currency, Commodities & Stocks. For Platinum account holders, MIGOTRADE offers investors to trade in the 0.5 trade sizes and they are able to trade in $9 per lot equities in the US and Asia markets.

In order to cater to the needs of the investors, MIGOTRADE has arranged to provide them with 24/7 customer support.

MIGOTRADE’S FIELD OF INTEREST

When choosing to invest through a trading brokerage, the most important thing for investors is the variety of assets that a brokerage provides them to choose from. Keeping this in mind, MIGOTRADE has arranged following assets for their investors:

  • CURRENCIES (FX)

Foreign exchange (popularly known as Forex) trading currently ranks at the top among all other online trades as the transaction volume currently being transacted through Forex markets per day is above $5 Trillion. The reason for such a high trading volume is because Forex deals with the buying & selling of foreign currencies in the form of pairs such as USD/EUR, GBP/CAD, JPY/USD etc. Due to its nature, Forex market is currently the most volatile and liquid market, making it the most attractive asset for old & new investors to invest in.

  • COMMODITIES

Although, it is approachable by individual investors, commodity is an asset that mostly companies and industries prefer to invest/trade in. Commodities is a term to refer to products that are naturally acquired either through production on the earth’s surface such as rice, wheat, cotton, corn etc. or mined or extracted from earth’s surface such as crude oil, gold, copper etc. At present, investors can be seen investing more in gold and oil due to their high volatility and liquidity.

  • STOCKS

One of the oldest online trading platforms are stocks, which in common term are assets of a company/corporation that it advertises publicly for purchasing. The reason why big companies such as (apply, google, uber etc.) choose this tactic is to generate capital and revenue for their companies, which they can use to commence new research and development programs in order to stay on top of their trade. Investors who have bought stocks of a company actually own some part of the company itself and they have the right to sell these shares whenever they want to make profits on them.

  • INDICES

Although, Indices deal with asset value, but instead of one company, it is the collective asset value of a group of companies representing a country or a continent such as Nasdaq, Nikkei 225, Dow Jones etc. However, in indices trading, investors cannot buy shares or stocks and instead, they predict whether the collective asset value of a particular index (such as Nasdaq) is to go up or down after a specific period of time and if the decision goes in investor’s favor, they make profit based on it.

  • CRYPTOCURRENCY

In online trading market, crypto-currency is the most recent addition that came into being with the creation of “Bitcoin” in 2009. Although, crypto-currency comes under the e-currency flag, but it is not a common one such as USD, EUR, GBP etc. as it only exists in the online world as a decentralized entity meaning it has no regulating authority or a physical headquarters. The transaction exchanges take place between two independent operating systems located in different parts of the globe, channeled through a block-chain. The reason for its popularity among youngsters is because it can be mined as well.

TRADING PLATFORMS

Unlike many trading brokerages who mainly choose MetaTrader 4 as a trading platform for their investors, MIGOTRADE has sided with SIRIX as their trading platform. The reason for this pick is this platform’s simple and user-friendly interface, easy to grasp tools, online charts, and access to historical reports, latest trading news, economic calendar and customizable interaction levels.

The most astounding feature of SIRIX is that it is available in the form of SIRIX station, SIRIX mobile & SIRIX web and the features offered on all platforms are exactly the same.

EDUCATIONAL PROGRAMS

  • ONLINE FINANCIAL COURSE

Through the online financial courses, the investors are walked through the processes and maneuvers that help them to manage their finances in the most effective manner and prolong their chances of making investments with more profitable turnarounds. These courses are not just created to help traders in the online trading world but also, help them organize themselves and their finances in their daily life duties.

Not only this, online courses are designed to adapt to the latest financial policies and trends so the investors are kept up-to-date with the latest trends and equipped with the most efficient financial maneuvers.

  • E-BOOKS

For investors who are fond of reading, MIGOTRADE has taken the liberty of organizing e-books that are written by traders who have gathered vast amount of experience and success in the online trades as well as analysts, who are experts in the gathering historical data for the respective assets and sharing their knowledge with the online trading investors’ community.

This approach serves its purpose for those who are eager to gather more and more knowledge in the trading business and learn from the experiences of individuals who are veterans in their respective fields.

  • ONE-ON-ONE TRAINING

One of the most important task for expert traders and analysts in MIGOTRADE is to keep a full track record of their clients (investors) in order to identify their strong traits and weaknesses that stop them from going all out and earn themselves fortunes as well as profits.

The main reason behind these sessions are to ensure that each investor’s needs are attended to and their morale is kept high so they do not end up losing patience and give up to even the slightest of failures.

  • WEBINAR

With the passage of time, MIGOTRADE has recognized how important it is that every trader (investor), who is willing to share their trading experience is provided with a platform where they can enlighten fellow investors of their journey in the online trading business. This way, investors share their good experiences, bad experiences, dos and don’ts and mistakes that helped them improve their performance and learn from them for future.

REAL-TIME SUPPORT

For MIGOTRADE, it is all about providing customers (investors) with the best service and support wherever it is necessary. In order to ensure this, MIGOTRADE has arranged for their customers the following:

  • 24/7 CUSTOMER SERVICE

Imagine, if you were to be an account holder with a brokerage and you came face to face a troubling matter that you had no idea how to deal with, and there was no way for you to get it resolved as there was no support offered by the brokerage? The answer is that if you experience something of this sort, you would never ever recommend any one to such brokerage and even share well-earned feedback for such brokerage.

This is exactly what MIGOTRADE had taken into consideration and brought together a team of individuals who are experienced and highly experienced in dealing with customer issues and finding prompt and long lasting solutions to their problems. Furthermore, these representatives have basic trading knowledge, enabling them to answer basic trading questions raised by investors.

  • ANALYST MANAGER

MIGOTRADE has knocked it out of the park by arranging the services of market analyst managers for their investors. These analysts are expected to stay beside their assigned clients and guide them through their trading journey, providing them with the latest trading trends and insights in order to boost and increase the chances of profits for the investors.

WHY MUST ONE TRADE THROUGH MIGOTRADE?

Unlike other brokerages whose sole missions is to have customers invest more and more of their savings, MIGOTRADE focuses in empowering their investors so that they are able to learn from others’ experiences and then apply them in their trading activities  and make investment decisions on their own without seeking anyone’s assistance.

To do this, MIGOTRADE has arranged to provide their clients a user-friendly trading environment, state of the art trading platform that is intuitive, educational program enriched with latest news/information and real-time that ensures that the clients are provided with 24/7 support and guidance.

WHAT IS THE RIGHT THING TO DO?

It may not be a secret that online trading has taken people from rags to riches but what people ignore or do not want to know is that online trading has taken people from riches to rags also. The reason why people faced failure was just because of their lack of interest in the trading trends, markets and most important of all, they became impatient, losing hope as soon as they started losing money. Remember, in online trading, patience is key so if you cannot practice patience, online trading is not your thing so it is better to look for something else.