When you’re new to any discipline, whether it’s investment or accounting, you’ll go through an entire learning curve before you’re ready to step on the field. The same goes for online trading, even though it seems like a simple way for users to start trading in multiple markets. New traders can find it quite intimidating to start their trading journey when they’re unaware of how the market works.
As a result, they want to opt for more beginner-friendly brokers that help them navigate through the process. So, I’ll be discussing one such broker in this XCGIN review.
Though numerous platforms have been operating as of late, they fail to deliver the kind of support and guidance that new traders often look for. So, when I discovered the XCGIN broker platform, I wanted to see what it provides that other brokers don’t.
Learn The Basics From Helpful Resources
Because I’m reviewing the XCGIN broker platform to see what makes it ideal for beginners, I wanted to see whether it offered anything that could inform them about the basics.
Turns out, there’s an entire training section where traders can access informative materials like tutorials, guides, eBooks, and more. These are all formulated by market experts who are well-versed in trends and market phenomena.
After you go through the basics, like common terms that are used and the functions of different features on the xcgin.com broker platform, it’s time to move to more complex aspects.
For instance, you can view detailed guides as a way to learn about the process of performing a market analysis. Or, you can view an introductory tutorial on a different asset class that you’re not familiar with.
Choose a Beginner’s Account
A great thing about the XCGIN trading platform is that the signup process for all new users is quick and efficient, so you don’t have to spend so much time adding your information.
Plus, users are able to select their desired trading account according to their personal skills. So, if you’re a new trader who has no experience, it’s best to choose the beginner account.
Don’t worry about missing out on any crucial features since this account comes with everything you need to begin your journey. The only difference is that you won’t get some added perks, like priority account management or leveraged positions. Plus, the deposit account is much smaller, so you don’t break the bank.
Select Trading Assets You Prefer
A common occurrence I’ve noticed among traders is that they get too comfortable trading a specific asset class. That’s because they didn’t have enough exposure to different markets. As a beginner, you’ll be pleased to know that the XCGIN trading platform offers an array of asset classes.
That means you can add different types of assets to your portfolio, such as popular cryptocurrencies for crypto trading, traditional US stocks, commodities, or indices. As you gain more exposure to multiple markets, you’ll be able to diversify your portfolio.
This allows you to reduce your overall exposure to unnecessary risk, and you can also benefit from smaller price changes across different assets.
Test Features On The Demo Mode
Before you go live and start opening trading positions, it’s best to familiarize yourself with the tools available on the platform. For this, the xcgin.com trading platform provides users with access to a demo account. This is an account where users can test the features of the platform in a real market setting.
As a result, you’re able to see how different tools and features perform without having to make mistakes that cost you your deposit. And once you formulate a strategy for your trades, you can see whether it delivers the results you’re looking for.
Is XCGIN Scam or Legit?
Though my detailed XCGIN review mentions all the features that make this broker special, the cybersecurity measures are equally great. It makes sure to verify all the people joining the platform, which alleviates the risk of identity theft and potential money laundering.
To reassure traders that their funds are transferred and stored securely, it only offers verified payment methods and keeps deposits in a segregated account. With user protections such as these, it proves that the platform is legit.
To wrap up my comprehensive xcgin.com review, I’ll give a quick recap of all the reasons that it’s a great broker for beginners. Users who join as first-timers will access an entire library of learning materials as a way to master the basics.
Then, they can select a beginner’s account as a way to familiarize themselves with essential features. There are various asset classes available with these brokers, so users can choose whichever they’re comfortable with. And before you go live, you can test the features of the platform in the demo mode.
WATCH XCGIN REVIEW VIDEO NOW – https://www.youtube.com/watch?v=AacO0670kr8