You don’t want to start trading without gaining proper education on it first. There are many things to consider before you enter a field, and in this particular scenario, you have to familiarize yourself with a lot of different terminologies, strategies, tools, etc. It is your broker that provides you with all these resources so you can become a professional trader. I think SoloPrime does a great job at that. This SoloPrime review is about those features and factors that make it a great platform for you to start.
The important question that I want to answer is whether or not you will have a great experience from starting to trading. Once you have started trading, you can continue to grow and get better as a trader. However, it’s the process of signing up and then executing your first trade that’s really challenging. Let me tell you how that experience will be for you when you sign up with SoloPrime.
Pick an Account That’s Just for You
You have plenty of choice when it comes to the account types. The company has five different account types and each comes with great features. You can’t really say that the basic account does not have any features compared to the one next to it on the list. I do have to admit here that the company could do better with the initial deposits. There are companies that allow traders to sign up with them with just $250. With SoloPrime, you have to have at least $10,000 as an initial deposit to activate your account. This amount seems a bit high, but I understand the company wants to let only serious people sign up with it.
I am glad that the broker has thought about all of its traders while creating these accounts and their features. New traders are usually not eligible for any loans when they start with a basic account. However, with SoloPrime¸ you can get a 25% margin loan even if you sign up with a basic account. Do you know the company offers discounts on its commission as you go higher than the basic account?
Get Support Right from the Start
The support you need as a trader is there for you right from the start. I have to tell you that the trading platform you get from SoloPrime is one of the best and is a support for you in a way. For example, it is intuitive and very easy to learn for every trader. No matter which part of the world you are, you will be able to learn the software within a few minutes. In addition to that, you have all the trading tools you need to be integrated into the platform for your ease. Sign up with the company and the first thing you will notice is an account manager.
I have seen other brokers adding an account manager for you only when you sign up with an advanced trading account. With SoloPrime, you will get this feature even with the basic trading account.
Leverages and Spreads That Suit You
Now, when you are starting out, you don’t really have a huge budget. What do you do that in that case? Well, the proper solution to that problem is the use of leverage. Leverages allow you to amplify your profits, as they are contributions from the broker you have signed up with. The additional money you get for your trade gives you the luxury to make more money on each trade than usual if you are successful of course. SoloPrime can offer you leverages as high as 1:400.
There are many established companies out there on the internet that provide you with trading solutions but none is as generous as SoloPrime for traders when they are just starting out. If you are at the beginning stage of your trading career, you are highly recommended to try out this company.