How to Find the Best Dash Broker for You
The Moment you decide you want to trade Dash it is time to find the right Dash Broker there are some crucial features and services that any dash broker should have in order for you to consider using this Brokerage for trading Dash
The moment you decide you would like to trade Dash you get to the part where choose a broker is the first thing on your list. so a dash broker review will help but in the end you need to make the decision based on what you can find out about the broker not just what we tell you.
No Matter which broker, which bank and which government you will always find people that are not satisfied. sometimes justified but often also because of not taking ownership of their own decisions.
When you select your broker make sure you have a broker to whom you can talk that is not just selling you their Pitch.
So How to Find the Best Broker to trade Dash ?
The Dash Trading Platform
When you Choose among the different Dash Brokers, you will find that there are different trading platforms and different spreads and leverage offered. The easier it is for you to start trading on the platform the smaller the learning curve the faster you will be able to trade for profit.
For this is very important to have an Dash Demo account option that allows you to trade with fake money under real trading conditions allowing you to practice your trading strategy or just learning the basics of trading. If you are new to trading altogether the metatrader 4 platform (the most used trading platform in the world) might be a little bit too much to start with . most of the brokers also have other options available and there are brokers like Etoro that don’t even offer this trading platform but have their own developed trading platform.
For you it is important to find out what would work for you, you are always able to open several different trading accounts (demo accounts) with different brokers in order to see which trading platform feels the best for you.
The trading platform of Avatrade is also an intuitive easy to easy webtrader with the basics you need to trade but not much more than that, for many this has proven to be more than enough.
Etoro on the other hand has the openbook copy trade platform which you should see as a social trading community that allows you to trade on a webtrader but also just copy trades manually or automatically from other traders that have proven to be successful.
Trading and Buying Dash obviously holds the risk of losing all your money so never open a trade with more than max 5% of your portfolio.
But it also has an amazing potential for enormous gains, which is in the end is what everyone is after.
Customer Service by the Dash Forex Broker
Volatility is key when trading currencies and the financial markets are highly unpredictable, regardless of what people tell you. When you come to a decision you want to act fast upon it. If there is an issue which ofcourse can always occur you need to be able to reach your broker fast and to the right person, so having an account manager helps and having a multilingual support staff is crucial.
Most of the Dash brokers you will be able to reach through chat or phone and email, some also have skyped and WhatsApp or other chat formats available. Make sure that the dash broker you end up trading with has the right communication means that suits you as this becomes important when you don’t want to find out they are impossible to reach.
Once you have come to the decision which Dash trading platform is right for you want to see if they have other assets that are of interest to you. Once you start trading cryptocurrencies like dash, you will find that trading Bitcoin or Ethereum might also be very interesting, maybe you want to try also stocks like google or Facebook.
In short, most brokers have many assets for you to trade but if never hurts to see what else they have and what the rates are the offer for thee assets as there might be great difference s between the brokers and the spreads they offer and the leverage they give.
There are so many different regulations out there, pretty much every country has its own, this does not mean that all, of them are good or bad.
Regulation is there for a couple of reasons, primarily keep in mind that regulations for a country is a great business they make a huge amount of money by selling the license to different brokers around the world. But money is not enough to get the license, you should have all the tools and meet all the requirements the set for having a license.
This can be in the form of segregated accounts. which means that your funds are on a different bank account then the money for the broker itself. They are required to do compliance to make sure that the credit card used for transferring money actually belongs to the person opening the account.
This is for your safety and in order to avoid laundering money.
Another reason for the regulations is to protect you, the trader.
This comes in the form of insurance which can go up to $50,000 if you have funds in a company that goes bankrupt. Regulators act in many ways in order to assure the stability of the trading platforms and online brokers, the fairness of their product and other aspects of their business which all should protect you.
When you look to Find the Best Dash Broker
Regulations is not saying the broker is Good!
I know regulated brokers where I never would put one more of my hard-earned dollars and there are unregulated brokers where I have no issue to deposit $100 to trade.
Since many of the licenses are very expensive it is sometimes not possible for a broker to have a license, but this does not mean they do not work the same way as a regulated broker.