The Web is more and more filled with platforms that offer their online services as intermediaries in stock transactions or trading. Faced with such an offer, it is difficult to discern which platforms are a risk either because they are scams on the Internet, or simply because they are inefficient for the task we want to accomplish. In this article, we give you the tips you need to know to find the best reliable trading site.
First of all, to rule out platforms that may cause problems, at first glance, we can go to platform blacklists that have already been reported by other users. Likewise, we can compare our opinions on forums and websites to find the most recommended platforms. It should be emphasized that this analysis must be exhaustive and that it is always desirable to compare the different sources. We must not forget that for work on the Web, the Web will always be our best ally if it is used with care.
Second, we must verify if the platform is registered with a European body such as the FCA (Financial Conduct Authority), an organization created in the United Kingdom which is responsible for regulating the behavior of all entities that have a relationship with financial services: banks, companies, brokers, etc. If the platform we are studying is reliable, its data must be reflected in the list of data provided by the FCA.
We must also pay special attention to all formal aspects of the content of the platform. Company terms and conditions should be visible, email addresses should always use business and non-personal domains, and phone numbers should also be visible and match those who contact us to exchange information.
Another aspect that can help us to differentiate a fraudulent platform from a real platform is that the latter offers the possibility of creating demo accounts, which allow us to familiarize ourselves with the platform and know its advantages before starting our activity. as traders.
In addition, the less the platform offers investment advice and proposals, the more we have to rely on it, because the job of trading platforms is to enable the trader’s stock movements and not to promise large profits or benefits on the stock market.
In addition to these tips, before starting in the world of trading it is recommended to have specialized training which gives us more security and guarantees us the results we are looking for in our journey as investors. Patience and proven research will help us get better profits. You just have to educate yourself and wait, although good results do not come overnight, they will come after a job well done.