Ready to start trading? Thanks to the internet, it is now possible for anyone to fulfill their dream of becoming a trader. You don’t have to quit your 9 to 5 job to start trading and neither do you need to devote all your time to it. These days, it is possible to begin trading from the comfort of your home and you can invest as little or as much as you like in order to reap the benefits. To get started, the first requirement that you have to deal with is finding a broker. There are hundreds of brokerages offering their services in the trading market as there is a huge demand, but not all of these brokers are up to the market.
As a matter of fact, the increase in demand has prompted scammers to take advantage of this opportunity to exploit people due to which scam brokers have become quite common. Therefore, every aspiring or existing trader needs to do their due diligence when they are looking for a broker for their trading needs. Among the various options, you will come across the name of Midaswms (Midas Wealth Management Securities). It is one of the most well-reputed and dedicated brokers currently operating in the market and is based in Saint Vincent and The Grenadines.
Founded by Digital C Media, Midaswms has earned the trust of thousands of traders all over the globe due to its dedicated and unique services. To determine whether it is the right fit for you or not, you need to ask some important questions about the broker. Let’s take a look:
– Is Midaswms a secure option?
As mentioned earlier, scam brokers have become extremely widespread nowadays, which means the security aspects of a brokerage should be your primary concern when you are considering your options. Midaswms is familiar with the vulnerabilities and loopholes and has taken appropriate steps to ensure its clients don’t need to worry while trading. To begin with, they have opted for Secure Socket Layer (SSL) encryption, which immediately encrypts all data between the client and the broker’s server to prevent outsiders from gaining access.
The broker has also implemented the Know Your Customer (KYC) and AML (Anti-Money Laundering) policies for the safety of their clients. The first policy verifies every individual signing up with Midaswms to ensure only genuine people can make an account with them. Proof of ID and proof of address is required to comply with this policy. The second one is aimed at ensuring that their platform cannot be used for money laundering or any other illegal activities.
– What assets are available for trading?
When you become interested in trading, there is a good chance that it was one asset or another that drew you to it. Some people want to try their luck in the stock market, others are more interested in currency trading. Similarly, people may want to trade indices or commodities as well. There are also traders who want to diversify their trading portfolio by trading multiple assets. All of them can have their needs met at Midaswms. The broker has compiled an extensive range of trading assets to cater to traders all over the world. From the beginner to the experienced, everyone can find an asset they want to trade and can spread out their capital as much as possible.
– Are the account options accommodating?
Opening an account with a broker is essential to begin the trading process. Every brokerage offers different account options to their clients and there are no set rules that have to be followed here. Some brokers offer very limited options due to which traders have to encounter numerous difficulties during the trading process. Midaswms has also created various options, but theirs are unique because there are total 5 in number. This allows them to be more diverse than any other broker. The options you can find are:
– Green Account: To be opened with a deposit of $250, this account offers daily market reviews and updates, leverage of up to 1:50, weekly webinar access and 20% bonus.
– Premium Account: You have to deposit at least $10,000 for this account, get 50% bonus, gives access to daily webinar and e-books and offers tight spreads.
– Platinum Account: This account can be opened with a deposit of $50,000, which gives a 75% bonus and gives access to full education academy plus analyst training.
– Executive Account: For this account, you have to deposit $100,000 and it gives daily trade recommendations, 100% bonus and on-demand analyst sessions.
– Presidential Account: You have to have $250,000 for this account option, which has a custom loyalty points program. Leverage is tailored as per traders’ requirements and traders get a dedicated analyst to help them out.
Traders can choose an account as per their experience and the amount of money they wish to invest. A demo account is also available that can be used by novices for practicing before opening a live account.
– What trading platform can be used?
One of the most important things to know about Midaswms is that they have provided their clients with the best trading platform available in the market. Rather than experimenting with different platforms, the broker has chosen to offer the MetaTrader 4 suite of platforms for helping people have a smooth and enjoyable trading experience. You can use the WebTrader that can be accessed via the web browser, the MT4 desktop client that can be downloaded on Windows and Mac or you can down the MT4 mobile apps for both iOS and Android. No matter which option you choose, you will be given access to a wide range of trading tools that can be immensely useful during the trading process.
Is it a Good Broker?
Indeed, Midaswms’ offerings show that it is a comprehensive brokerage that has thought of the different trading needs of its clients. It offers the competitive spreads, excellent customer support and social trading opportunities to make the most of their investment.