The best way for retail traders to get accustomed to the world of trading is through simplified brokerage processes. These processes would ensure that retail traders can do more with less and skip any steep learning stages. Traders on InvestPoint have the advantage because the platform simplifies trading for users. Additionally, these platforms provide traders with live charts, trading tools, and assets which they can use to build their portfolios. The platform makes the trading process easy, and it is quite simple for passive traders.
To better understand the platform, we have curated the pros and cons in this InvestPoint review. This contrast will give you a broader idea of how this brokerage operates and how it will benefit you. The platform is a great way for traders to simplify the trading process. Here are the pros and cons of InvestPoint
Pros
Integrated Mobile App
The InvestPoint mobile app is designed to give users full access to the functionality of the brokerage. It allows users to access their portfolios and trade assets from their mobile devices. The app is available on all devices and can be downloaded from their respective app marketplaces. InvestPoint has created an app with a simple UI which makes the trading process simpler for traders. Additionally, the user experience is great, allowing users to get the most out of their trading sessions on mobile. This app is one of the features that makes trading on InvestPoint a seamless experience.
Portfolio Analysis Tools
The portfolio analysis tools on the platform allow traders to analyze the assets in their portfolios. Through this analysis, traders will be able to get a better grasp of how they are performing in the markets and what they can do to improve their performance. In addition, these tools help traders accurately measure how effective their trading strategies have been and what more they can do to improve their outcomes. This tool is one of the many tools on the platform that ensures traders are fully in control of their trading. It allows them to accurately value their portfolios and determine the best way to grow them.
Dummy Trading Accounts
The InvestPoint brokerage provides simulated trading accounts for users on the platform. These simulated market environments mimic actual market movements and events and serve as a training ground for traders to sharpen their skills. Furthermore, it allows traders to test their approaches to different market scenarios to know how to respond in real markets. The best part of this simulated market is that traders are not using real money. Therefore, they get to practice and sharpen their skills without losing money in the markets. This feature helps newbie traders safely practice the theory of trading they learned before opening their brokerage account.
Zero Opening Balance
The brokerage does not require users to deposit a minimum balance to register an account. It is standard practice by some brokerages but InvestPoint waives this requirement. This act makes the platform more accessible to newbie users, who do not have to commit any capital upfront. Additionally, it prevents them from being overwhelmed and making mistakes when creating their accounts. New users can create an account and use the platform’s features before funding their accounts to trade. This feature makes trading easier for new users on the platform.
Cons
Strict Account Opening Process
InvestPoint accounts can be quite tedious to open. This is because of the rigorous account checks for new accounts before acceptance. These verification checks help the platform comply with AML (Anti-Money Laundry), and KYC (Know Your Customer) processes that ensure all users on the platform are protected. Furthermore, users are required to submit verification documents which are required to verify their identities on the brokerages. New users may find these steps tedious, but they exist to protect users from bad actors that may try to breach the platform.
In Conclusion
The InvestPoint platform makes trading easy for retail traders through simplified trading services. With this balanced review of the platform, we are sure you can decide on joining the brokerage. For further details and information, go to the InvestPoint site.
Disclaimer: This is a sponsored marketing content.
