When it comes to choosing an online broker for trading, you have to compare many options. When you compare them, you have to make sure you look at the best features. After that, you just have to find out which features will be most valuable for you as a trader. I have always gone through this process and found the best brokers, and when I find them, I review them. Today, you will read my EU BITS review and know about the 3 features that I think really set this company apart from its competitors. So, let’s go ahead and dive right into the review.
Spreads and Leverages
Let’s talk about what most people like to call trading conditions. Trading conditions have a direct impact on your decision to stay or not stay with a broker. If the conditions aren’t favorable, the chances are you won’t be able to keep your trading journey going. When it comes to this platform, I have to tell you that the trading conditions from EU BITS are the most impressive I have seen from any broker. Firstly, you have spreads that are already pretty tight. However, they get even tighter as you go up on the list of accounts. They begin at 0.13pips, which is already pretty low. However, as you go high, your spreads can be as low as 0.0pips.
Now, let’s talk about leverages because they give you the opportunity to amplify the outcomes of your trades. Your leverages start small when you sign up with the Standard trading account, but go tremendously high when you sign up with the Elite account. With the Standard account, your leverages are at 1:100, which is already quite generous. However, with the Elite account, you can leverage your trades by 1:600.
The Tradable Asset Index
How many assets can you trade when you sign up with EU BITS? I don’t I can count them on my fingers because you can trade hundreds of types of assets when you sign up. When I first looked at the cryptocurrencies available on this platform, I thought it was specifically a cryptocurrency broker. You can trade Ada, Ripple, Dash, Etheruem, and Bitcoin along with some other cryptocurrencies on this platform. However, that’s just the picture of the crypto trading scene on this platform. You can also trade in the forex market and pick from exotic, minor, and major currency pairs.
If you pick indices, you can find them from all the major markets of the world, including but not limited to Europe, America, Asia, etc. The stock market also contains stocks from some of the biggest companies of the world. If you prefer to trade in tangible assets like gold, silver, platinum, etc. you can find plenty of commodities to trade as well. Last but not least, you can trade agricultural assets as well as energies when you are on this platform.
Automated Trading and Webtrader
Let’s start by talking about the web-based trading that you will be doing when you sign up with EU BITS. You will not need to download anything on your device. You can use any device you like and from anywhere in the world. In addition to that, the broker will impress you even more with its automated trading capabilities. However, you do have to keep in mind that this feature is only available for experienced traders for now. You can configure a few settings on the platform and then see it trade on your behalf.
There are many other feature on this platform that I think are great. However, I wanted to talk about the ones that really stand out. I think these are also the features that directly contribute to making your trading experience great or poor. You can always get the education you need for trading without paying anything to the broker. Last but not least, you have dozens of trading tools available to help you make correct predictions.