As a trader, you need a broker that gives you a safe environment and the tools to trade a wide array of assets. Furthermore, your broker should have features that ensure you can build your portfolio without worrying about fees or minimum balances. The Spartan Trade brokerage is built to give users more control and flexibility over their portfolio. Some of the assets available on the brokerage include cryptocurrencies and stocks, giving users more options when building their portfolios.
We cover the pros and cons of the platform in this Spartan Trade review. We will discuss both sides of the coin to get a better feel for the platform. This review is there to help you weigh your decision before you decide on the broker. Here is our review of the Spartan Trade platform.
Pros
Here are the benefits of using the Spartan Trade brokerage when you trade.
Expert Trading Tools
- Users have access to expert trading tools which they can use to trade various assets and markets. These tools are available for all users and can use them without paying extra fees or charges. The tools help traders to have an edge while trading as they can take advantage of different market conditions. Some of the tools available on the platform include stop loss, buy limits, and live charts. With these tools, traders can build solid portfolios and perform sophisticated trading strategies.
Expansive List of Assets
- The platform has a diverse basket of assets available on the platform. When traders build a portfolio, they need a brokerage that can provide them with the access necessary to build a comprehensive portfolio. With the assets provided on the platform, users do not need to have more than one brokerage account, as they have access to all they need on Spartan Trade. Additionally, the assets are available to all account types on the platform, and they can purchase these assets using funds deposited in their brokerage account. Finally, some of the assets available on the platform include cryptocurrencies, options, stocks, forex, and ETFs.
Customer Help Desk
- When you encounter a problem on the platform, the customer help desk is available to answer any questions or inquiries you may have. The help desk is part of Spartan Trade commitment to ensuring that you have a comfortable time while you are trading. The help desk is always available; users can contact them by e-mail or phone. The help desk is super responsive and ensures you get all the support you need. Spartan Trade wants its users to have all the support they need to build solid portfolios using the resources available on the platform.
Portfolio Analysis and Tracking
- Track and monitor your portfolio using the portfolio analysis tools present in the brokerage. The tools help users track the value of each asset in their portfolio and how they behave against the market. Furthermore, users can see the best and worst performing assets in their portfolio, which helps them gauge the effectiveness of their trading strategy. The portfolio tracker helps traders make the necessary adjustments to their portfolios which helps them to achieve better outcomes. Spartan Trade has provided this tool to give retail traders more control over their trades.
Cons
The Spartan Trade platform is good for traders, but there are some drawbacks that users may experience. Here are some of these cons.
Slow Account Opening
- The Spartan Trade platform is slow to open, and new users would have to wait a while to create an account. The reason for this slow process is that new accounts are put through rigorous checks, which ensure that users pass the AML and KYC requirements of the platform. These requirements keep all the users on the platform safe and keep bad actors away from the platform. New users are encouraged to be patient with the onboarding process as they will get full access to the platform once all checks are complete.
Conclusion
The Spartan Trade platform provides various features that make it easier for users to build their portfolios. Our Spartan Trade review covered the pros and cons of using the platform as a retail trader. For more information on the brokerage, visit their website.
Disclaimer: This is a sponsored marketing content.
