Anyone who wants to trade in the financial markets should know that they need to open a trading account with a broker in order to do so. Sure, there are plenty of brokerages in the market, but this doesn’t mean that you can expect the same services from all of them. The quality and the variety of services will vary and this means you have to dig in a little to find what you can expect. Monafoli is one of the platforms you will come across and as intriguing as it is, you do need to take a close look at it. This is where you will find this Monafoli review helpful because it helps you decide why you should choose their services.
Ready to find out the reasons that make Monafoli a smart choice? Some of the top ones are highlighted below:
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Reason 1: A horde of trading instruments
The first, and perhaps, the most powerful reason to choose Monafoli as your brokerage is because of the horde of trading instruments they offer. A look at their asset index shows that when you sign up with this brokerage, you will be able to trade in some of the top financial markets in the world. They have given their clients access to some of the most profitable instruments and this can help you find something according to your risk tolerance.
You will be able to choose instruments from the forex, stock, commodities, indices and cryptocurrency market and manage them all from a single account. This allows anyone who signs up at Monafoli to diversify their portfolio, which is an effective way of minimizing your risks and boosting your profits.
Reason 2: Effective security protocols
The security protocols used by Monafoli are worth noting because they give you peace of mind during the trading process. The broker has prioritized the security of your information as well as your funds, which ensures that you can focus on the trading process without constantly stressing about them. They have used 256-bit SSL (Secure Socket Layer) encryption for keeping your information safe from any prying eyes.
Likewise, your funds are kept in segregated accounts at Monafoli, which reduces the possibility of discrepancies and misappropriation. You will also find that the brokerage is compliant with AML (Anti-Money Laundering) and KYC (Know-your-Customer) policies that can add a layer of security on the platform. All accounts are verified via proof of identity and proof of residence.
Reason 3: Flexible account options
Another excellent reason for anyone to consider opting for Monafoli over other brokers is because of the flexible account options they have. Every trader, regardless of their trading style, risk tolerance or their capital, will be able to find a suitable account option that helps them trade comfortably. Most brokers offer the standard three to four account options, but you will find that there are seven account options at your disposal here.
The account options at Monafoli are Bronze, Silver, Gold, Platinum, Diamond, Premium and VIP and their minimum deposit requirements are €10,000, €25,000, €50,000, €100,000, €250,000, €500,000, and €1,000,000, respectively. The account features that you can get are market reviews, social trading, webinar access, trading specialist, personal assistant, risk-free trades, access to the trading room, and customized accounts. You will also find an Islamic account available for Muslim traders.
Reason 4: Multiple customer support channels
One of the strongest reasons to go with Monafoli as your broker is because of the multiple customer support channels they have. This ensures that you can reach out to their team in different ways, such as by phone, email, and even schedule a callback. They also have live chat support available and an FAQ section on the website that provides answers to a number of questions traders may have.
Due to these reasons, it is apparent that opting for Monafoli can be a smart move for any trader who wants to profit from the financial markets.