Many people have jumped into the cryptocurrency industry, but it's not always that easy. Investing in cryptocurrencies can be extremely dangerous due to the highly speculative and volatile nature of the market. Therefore, most people need to do extensive research to understand how it all works and consider all the risks before putting their money on any platform.
Trader Active is one of the leading brokerage services for cryptocurrencies. It first appeared a couple of years ago and has since gathered a massive community of traders looking to expand their portfolios with the most popular cryptocurrencies around, such as BTC, ETH and XRP.
Traders have more than 40 cryptocurrencies to invest in and TraderActive guarantees professional quality service from the best brokers on the market.
How TraderActive works
TraderActive is a simple and well-built platform that has allowed thousands of traders to start their own businesses and become successful investors. Additionally, creating an account is relatively easy. All you need to do is fill out a quick sign-up questionnaire and verify all your personal information through a phone call with a TraderActive customer service member. They may ask you for personal document, such as an identity card or passport.
Then, the trader must fund the account with at least $250. This can be done with all types of debit cards and digital wallets. Afterwards, you may be able to see the live trading center, where all current prices and available assets are displayed. Furthermore, it can help traders create strategies with its highly versatile trading settings and tactics. This gives you many options to understand how investing works and how to get the most out of it.
TraderActive is a fantastic broker for traders from all over the world who can become competitive investors and find great rates for their favorite cryptocurrencies. However, it lacks some of the more advanced settings that other brokers in the market offer.
TraderActive User Experience
TraderActive offers a dynamic user experience through its mobile and desktop version. However, while it has many features, it lacks some crucial aspects.
TraderActive Desktop Version
TraderActive works with MetaTrader 4, a trading platform used by several brokers in the market, which allows the user to do analysis and summarize data. However, traders who don't like this platform can also use TraderActive's native platform, which is very easy to use and customizable to fit each trader's needs.
Every trader can build their own charts with their favorite currencies to keep them under control and see how they behave during the market trend. He can also use stop-loss and take-profit options to make hedging much easier. Finally, they can see the top traders through the position graph, which shows the most successful people on the platform.
Mobile version of TraderActive
The mobile version of TraderActive is not the best among brokers. Although traders can find applications on both Android and iOS devices, the applications are very outdated compared to the website version.
Additionally, fingerprint encryption may be allowed within the application, provided it is used on a phone equipped with fingerprint recognition. However, the application has several features available on the desktop option, such as real-time trading, charts that display the short-term trend of each asset, and several modes that allow traders to monitor their investments on the go.
Additionally, traders can create a watchlist to track each asset wherever they are located. The list can be filtered to identify cryptocurrencies needed to design charts, timeframes and trading opportunities.
Traders can add all kinds of features to their moving charts, making it much easier to identify suitable opportunities and monitor current activity. However, it doesn't have as many options as the desktop version.
Furthermore, it does not feature price alerts nor any kind of news section where traders can inquire about current relevant events in the cryptocurrency world.
TraderActive Commissions
TraderActive does not offer relevant discounts for large transactions, which can be a disadvantage for some traders. It also charges fees on inactive accounts, so traders have to keep using the platform or withdraw their money.
Additionally, it charges a monthly fee for each account and a small 3% fee for each transaction. However, traders don't have to worry about deposit or commission fees.
Check out TraderActive
Overall, TraderActive offers a wide variety of options for trading and its desktop version offers a great and intuitive experience. This broker has helped several traders around the world create successful businesses by allowing them to see the big picture of every transaction they make.
However, the best way to learn about everything it offers is to go to its website and try it out.
Disclaimer: This is sponsored marketing content
