Kodimax Review – Where Does Kodimax Rank in the Race of the Best Online Brokers?
Kodimax Broker Review
Are you looking for the best broker who you can start your trading career with? In today’s world, you will have hundreds of options to choose, but a more important question is how you can identify the best one. If you are considering the cost of opening an account to be the only way to judge an online broker, you might be making a mistake. There are dozens of different factors you have to consider to decide how good an online broker is. One of the best brokers you can open your trading account with today is Kodimax. Let’s take a look at the many different aspects that make Kodimax one of the best.
Kodimax as a Company
Kodimax is an online broker that gives traders from around the world access to various financial markets. Once you have signed up on the website, you can use a trading platform to execute trades, get access to various trading tools and charts, etc. The first thing that a broker has to ensure is that it will protect the interests of its traders. For that, the broker has to ensure that its practices are transparent to all of the traders. There is no way for the broker to do that other than being a regulated and properly registered entity. Kodimax is one of the best brokers because it is fully regulated and registered to provide its trading services.
In addition to that, the broker has to ensure that traders are doing their trades for good purposes only. Some people can use the online trading platforms for money laundering purposes as well. For that reason, some of the best online brokers have strict anti-money laundering policies. Kodimax gives you the pace of mind in this area as well. When you look at the deposit, withdrawal, and other trading terms on the website, you can see that the broker is against any illegal activities. The protection of users’ information is also given proper attention.
Kodimax works with highest standards of encryption to ensure that the information you provide on the website is completely safe. As soon as you enter the information on the website, it gets encrypted so no unauthorized party can access the information. You can provide your personal and banking information with the peace of mind on Kodimax website because of highest encryptions standards that are being followed. In addition to the information you provide on the website, you have to worry about the money you are going to deposit in your account. You don’t want some fraudulent entity to run away with your money and that’s why there is regulation.
One of the signs of the best online brokers is that they pay attention to all these things. They are regulated and they give special attention to protecting your information and funds. If your broker does not talk about these things, you might want to place a call and inquire what standards they follow for your security.
Furthermore, you want to know what kind of trades you will be performing with the broker. When it comes to Kodimax, you are mainly trading CFDs. CFDs are the contracts for the assets that you see in the asset index. When you place your trades on any of the assets on the website, you are only buying or selling the contracts associated with the asset. CFDs have emerged as one of the best and most convenient ways of trading. They also help new traders to enter the market without worrying about the huge risks that are associated with trading the real assets.
The Trading Platform from Kodimax
You can’t just rely on the words of the broker when you sign up with one. Once you have chosen an account and signed up with the broker, you are fully associated with the trading platform. Every time you want to do a trade or check the condition of the market, you will be accessing your trading platform. In short, your trading experience relies fully on the trading platform. If the trading platform is not good, you will feel like switching your broker instantly. If you don’t make a switch on time, you might end up making many unsuccessful trades due to the delays and other issues with the trading platform.
The first thing you will love about the trading platform that you get from Kodimax is that it perfectly integrates all the financial markets. You can access the financial markets from around the world and trade hundreds of assets with ease. Whether you want to trade commodities, stocks, indices or currency pairs, you have everything available for you in one place. Not to mention, you can now trade cryptocurrencies as well. Again, you have to keep in mind that you will be trading cryptocurrency CFDs. What that means is that you don’t have to own cryptocurrencies to trade them on Kodimax platform.
For the modern traders, trading platforms have to be compatible with lots of devices as well. They cannot rely on a platform that only works on computers because everyone is on the go today. Kodimax has done its best to provide a smooth trading experience to its traders regardless of the device they are using. First, there is a web-based version of the software that lets traders access it from anywhere they want and without any restrictions of the device they are holding. Moreover, the trading platform is also available in the mobile application form.
When available in the mobile application form, the trading platform travels with you wherever you go. You don’t have to use your browser to access the platform, and everything happens at the speed of light because of the way mobile applications work. With these features, you can say that Kodimax trading platform is one of the best, if not the best.
Assets You Can Trade with Kodimax
You have a lot of assets that you can choose your favorite from. These tradable assets come from a variety of asset classes. Whether you are someone who thinks it is easy to understand the precious metal markets or someone who finds more interest in trading the stocks of the tech companies, all the different types of assets are available for trade on the Kodimax trading platform. The best thing is that you can place your trades within seconds and within a few clicks only. You don’t even have to change the platform you are using just because you are trading many different types of assets.
When it comes to currency pairs i.e. forex trading, you won’t find a better option than Kodimax with ease. The platform gives you access to all the major and minor forex markets. You are not bound to trade only the best and the most stable currencies of the world. In fact, if you are confident about your knowledge and strategies, you can trade the minor currency pairs as well. New traders must know here that the minor currency pairs are quite risky because of the volatility in their markets. That’s the same reasons why people have to think many times before they enter the cryptocurrency market.
You can trade cryptocurrency CFDs while using the Kodimax platform. Cryptocurrencies are being accepted in some of the biggest economies of the world and that’s why more and more people are taking interest in this market. You can now rest assured that you have a safe and secure platform where you can trade cryptocurrencies and try your investment strategies in this blooming market as well.
New traders now have enough options to pick the assets. They can pick the assets that are easy to trade and have high liquidity. Stability of the market is extremely important for new traders because they have to minimize their risks at any costs. They have to be even more careful when taking advantage of the leverage because leverage can amplify losses as well. For experienced traders, they have all the opportunities of diversifying their portfolios not only to become expert investors but to hedge their threats of losses as well.
Account Opening, Deposits, and Withdrawals
When you are a new trader, you have to understand about deposits and withdrawals before you open your account with your new broker. So, the first thing you will look at is the table where different types of accounts are mentioned. In most cases, brokers offer you a variety of accounts because they want to cater to the needs of different types of traders. You can’t expect every trader to be experienced. For that reason, some of the accounts are designed for new traders. The best brokers would always have a lot of account options because they want their traders to feel comfortable while opening the account.
The biggest barrier between you and your trading career as a new trader is the amount you have to put in your account. What if the broker demands that you put at least $20,000 in your account to be able to trade? Not a lot of traders would be able to open their accounts if that’s the condition. Kodimax fully understands the budget restraints of its traders and that’s why it has the basic account types. The basic account types require a very small deposit in the account. Once the minimum deposit is there, the trader can start trading and taking advantage of the features available with the account.
The basic accounts have features that make it a breeze for new traders to start their trading career. However, it does not mean that the broker has completely ignored the experienced and old traders. There are multiple advanced account types to cater to the needs of the traders who have been in the industry for several years. The first thing you will notice in these accounts is that they require a large deposit for activation. However, large deposits are not a big deal for experienced traders. They will, however, love the many additional features that are available to them for opening an advanced account with Kodimax.
You will notice that the leverages are different for different account types. Regardless of the account type, there is some level of leverage available for everyone. It is important here to know that new traders need leverage as well. For them to make big profitable trades, they have to control big trades. With the minimum deposit they have in account, they cannot control big trades. However, that’s where the leverage comes in. Kodimax has made sure to offer the traders enough leverages for them to be able to control big trades and benefit from huge profits.
Once you have picked the right account type, your next big concern is how you will deposit funds in your account. It is the job of the broker to make this process easy for the traders. Kodimax has done its best to make the deposits easy for the traders. It accepts a variety of payment methods from the traders including credit card deposits, bank transfers, e-payments, etc. In a similar fashion, Kodimax has also worked to bring the best and the safest methods of withdrawals for its traders. The first thing you will notice is that the broker has done whatever it takes to take away the processing fees from withdrawals and deposits.
Whether you are depositing the money in your account or withdrawing funds from it, you can do so without paying any unnecessary fees in most cases. Yes, you have to pay attention to the processing time of each payment method. Credit card transfers are quite fast compared to other methods. When you deposit funds in your account, be sure that you know how long it will take for the funds to appear in your account. All the detail about processing time is present on the website. If you have any specific questions, you can contact the company’s representatives and inquire from them.
Education for Traders
Today, it has become one of the tasks for the brokers to train their traders before they step into the financial markets. It is in the best interest of not only the traders but the brokers as well. Brokers need high count of traders and that is only possible when they help them trade successfully. In most cases, brokers have some level of free education available on the websites. However, the most useful training material is only available when you have signed up with an account and deposited the minimum in your account.
You will love the training that Kodimax provides to its traders. First, the training is available in many formats. You can pick the format that makes the most sense to you. For example, you can learn through the web-based tutorials or you can go for the on-demand videos. Text-only tutorials are great when you want to learn at a slow pace so everything makes sense to you clearly. On the other hand, videos are perfect when you don’t have too much time and you want to learn as quickly as possible. You also have the option of webinars when you sign up with Kodimax.
Webinars have proven over and over that they are one of the most effective resources available to the traders for learning the art of trading. Webinars are like seminars conducted in the digital world. Experts from the field are online and the traders can watch them live. These experts can talk about a lot of different topics related to trading. The best thing is that you can contact these people and ask them questions as a trader. The questions can be asked during the webinar or when it is over. This type of learning has proven to be extremely useful for traders in the recent years.
Another thing that you have to admire about the training material from Kodimax is how it has created the content with different types of traders in mind. Yes, it is the new traders who need training the most, but they are not the only ones. Just because a trader has been around for several years does not mean he/she knows everything about trading. There are so many different types of strategies that one can use for trading that no one is ever a complete and perfect trader. The training material available from Kodimax contains content specifically suited not only for new traders but experienced ones as well.
Trading Help from Kodimax
It does not matter how long you have been trading for, you still need the help of tools to make profitable trades. These tools can be in many different shapes and forms. Even a source that provides you latest news from the financial markets is a tool that can help you with trading. When you receive the latest news about the financial markets, you can speculate whether an asset is going to rise or go down in value. In addition to that, you have a calendar of economic events. This calendar tells you about all the events that can have an effect on the financial markets.
The best thing about the economic calendar is that you know about all the important financial events well in advance. When you look at the calendar, you can tell well before months what impact an asset is going to experience as a result of an economic event. Furthermore, you get a summary of the market every day. The summary shows you what trends took place in the market so you can make your predictions for the next day based on those trends. You can also look at video analysis to get a better understanding of everything. For those who like to go into the details of things, there are technical analyses of the markets available.
All of these tools are an excellent addition to the trading platform because they help traders with successful trades. You have to keep in mind that your trading career can only continue when you are making profits off your trades. The more knowledgeable you are, the higher the chances you have of making profits from your trades. Kodimax will also give you access to the trade signals. How many signals you receive in a day, week or month depends on the type of account you choose. Signals tell you whether you should be taking a short position on a trade or long. They are excellent for new and experienced traders.
Kodimax Customer Care
Every broker has to show that it is fully committed to helping its traders in every possible. They have to do it by allowing their customers to get in touch with them with ease. In addition to that, they must put the most knowledgeable and professional representatives on the phones to talk to the traders. If you are a trader looking for a new broker, you will love the fact that Kodimax has made it a breeze to get answers to your questions and approach the company with your concerns.
You have multiple phone numbers available on the website for you to call and get help with your issues. In addition to that, you can send an email with your inquiry to get a response within 24 hours. The web contact form is also there, which is quite similar to the email option. One of the new ways for brokers to provide help to their traders is through the live chat feature. Kodimax provides you instant answers to your questions through the live chat feature. Customer support is available to help traders 24 hours every day and five days a week.
You have read just about everything about Kodimax at this point. You know the assets you can trade, the type of trading platform you will be trading on, and the account opening process. It is admirable that Kodimax has paid attention to everything with traders in mind. Every aspect of online brokerage has been covered well by Kodimax. In many areas, you will see features that many other brokers are not offering. However, you can’t pick out a specific feature that’s useful for traders but is not available from Kodimax. If you want to know where it ranks in the race of online brokers, you can be sure that it is one of the ones in the front.