The Forex College has made an assessment of External Coins for you today and we have concluded in our externalcoins.com review that it is indeed a recommended broker. You can understand why in this review. You can sign up with ExternalCoins trading platform in the link below or continue reading to learn all you need to know.
Experts always say that you should focus on trading and let emotions be out of your trades. However, you can’t really ignore your emotions or trade with focus when the source of worry is the platform you are signed up with.
When does that happen you may ask? Well, it happens when your platform is not reliable and you can’t trust it. However, my purpose of writing this External Coins review is to tell you about a platform you can trust easily because it lets you trade safely.
The important question here is what those things are that have made me call this platform trustable. There are many things and I will talk about only a few in my ExternalCoins review so you have enough information to get started if you want.
AML and KYC Policies
These are two important policies that every online broker should adhere to because their adherence guarantees the platform is safe and transparent. You have all types of people who want to trade and some of them are not looking to trade fairly.
In other words, they are looking for a way to launder money and the use of an online platform for this purpose can be dangerous for traders.
However, you can rest assured when you sign up with externalcoins.com that this broker adheres to the AML policy, which stands for Anti-Money Laundering. It will never let such practices take place on its platform.
Furthermore, every trader who wishes to sign up on the platform should know that it also adheres to the KYC policy, which stands for Know Your Customer. The adherence to this policy ensures every trader disclose their personal information before they create an account on the platform.
Keeping Your Information Safe
Another thing you have to note is that his platform is quite serious about the safety of your information. You can’t ignore the fact that External Coins provides trading services to traders from around the world.
It opens doors for crypto trading, forex trading, and more. Despite the type of trader you are i.e. crypto trader or forex trader, you will share some personal and banking details on the platform.
You can rest assured that the company has encryption in place to protect your data, and all your information goes onto secure services. Not even the employees of the company can reach your information once it is secured.
Your account logins have also been protected through 2FA authentication. Through this type of authorization, the company will require you to enter your primary password and a one-time password every time you sign in. Last but not least, the company has a system in place that records your patterns when you use your trading account.
By recording these patterns, it has a benchmark to work with and identify when someone else is using your account. When that happens, the company instantly gets in touch with you to get your confirmation.
Demo Trading to Start
When you begin trading, the biggest mistake you can make is going live without properly learning how to trade. I’m glad that externalcoins.com broker decided to introduce a demo account for its traders.
Through this account, you can learn how trading works without putting real money on the line. It’s an especially great feature for those who are thinking about cryptocurrency trading. Since these traders are usually young and trading for the first time, a demo account can help them familiarize with the trading process.
The demo account also helps you become familiar with the trading platform so you know where to find different options and how to trade.
You can see that this platform is trustable in multiple ways. Firstly, you can learn trading before you begin putting your money on the line. Secondly, your information is safe and the platform you are using doesn’t allow any type of shady and illegal activities on it. You can always rest assured that you are trading on a platform that cares about you.