iToroStocks Review – Trading With Optionality
Traders need options to thrive in volatile markets. Asset options help hedge their bets and protect their portfolios from downsides. iToroStocks provides a long list of assets for its users to select from. In addition, the platform has created a stable environment where users can buy and sell assets without any interference. It is a platform that is built to offer retail traders a trading experience they won’t quickly forget.
iToroStocks is a pioneer of various concepts that make retail trading easier for its users. In our iToroStocks review, we will cover the advantages and drawbacks of using the platform for your trading needs. It will serve as a guide to help users determine if they want the features iToroStocks is offering. Without wasting any time, here is what you need to know about this brokerage.
Multiple Trading Tools
Traders using iToroStocks will be exposed to a host of different tools which will help them on their trading journey. There are different tools available for users and they are suited to beginner, intermediate, and expert traders. Furthermore, there are no Fees associated with using the tools as they are available for all users. Users are advised to only use the tools they are familiar with and learn more about unfamiliar tools before they use them. Traders will get a renewed sense of satisfaction because the platform ensures they have all the modern tools necessary for them to trade assets.
Superb Customer Service
iToroStocks ensures users have swift responses to any problems they encounter while using the service. By answering questions in a timely manner, they are able to keep their users satisfied and provide top-notch services across the board. Furthermore, the customer services desk is available round-the-clock to provide solutions for users while they are using the service. By making the process smooth for users, iToroStocks ensures that more traders will fall in love with their platform and remain users for a long time. Users are encouraged to use any of the available channels when they run into issues.
Zero Opening Balance
There is no set amount required from the brokerage when new users open an account. Opening an account with iToroStocks is free and new users can deposit funds at any time. This feature helps traders with small balances because they no longer have to commit their limited funds to open an account. Furthermore, they will not be locked into the brokerage when they use the platform as they are free to move their funds as they see fit. User funds are not locked on the platform and users are free to purchase and sell assets as they please.
Fractional Asset Purchase
Want to buy an asset but can’t afford the value? iToroStocks offers its users the ability to purchase fractional units of an asset. These fractional purchases help retail traders to buy more assets even when they do not have large funds or purchasing power. This feature ensures that traders are able to participate in the financial markets and move funds with little attention to the funds in their accounts. Furthermore, traders are able to build portfolios that benefit from the price actions of large assets without owning a full unit of the asset.
Tedious Account Opening Process
It takes a few days for new users to get their accounts up and running. This delay is caused by some of the requirements necessary to open an iToroStocks account. These requirements ensure that users are protected while they use the site and that they are able to fully control their trading experience. Users are expected to verify their identity using a valid means of identification. In addition, they will need to provide other information to successfully complete the KYC (know your customer) requirements. Although it may be tedious, these processes exist to protect the interests of users.
iToroStocks provides users with a direct link to many assets. Traders who want a dynamic trading environment with exposure will enjoy using this brokerage. Visit their website for more details.
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