For Beginners in Cryptocurrency Trading on NordFX
Cryptocurrency has been doing very well over the last year or so. The interest in this industry is also steadily growing. Miners have reported an increase in profits of around 29%. As a beginner, it might be a tough job to choose the correct crypto. You should also always be aware of scammers. Given that you don’t have a lot of funds to start with, you might not be able to get your hands on the popular crypto. In our opinion, one of your best bets will be NordFX.
NordFX – All You Need To Know About
It is a trading platform offering a lot of features. It was launched in 2008 and has become a favourite of many users. With NordFX you can feel safe that there are no scammers around and you will easily be able to create an extensive portfolio without moving from one exchange to another. This platform provides both the benefits of using a Forex brokerage and a cryptocurrency trading platform.
Pros of Using NordFX
- Flexibility
The interface is quite straightforward. You can use it as a beginner or if you are more advanced since there is access through all kinds of data, providing more controlled investment. You can use both fiat and crypto trading. 33 currency and 14 crypto pairs are available which is more than enough. You also have asset management service which is missing on other platforms.
- Mobile Trading
You can also use the mobile version and trade from anywhere. It is available for Android and iOS devices.
- Customer Support
You will always be able to get in touch with a representative and get your question answered. They are available 5 days a week and can be reached through social media, chats or via the phone. The NordFX Learning Center is available for training if you would like to gain some knowledge. The courses are online and at different levels.
Getting Started With NordFX
Firstly, visit http://www.nordfx.com/ and go through the offered products. Get acquainted with those. Then it will be time to create an account. Click on open a trading account and fill the form with your full name, email address, phone number, and the currency you’ll like to deposit. Select the leverage limit and the type of account. After that, you should read the terms and conditions. This is crucial. Go to create an account to begin. Once you have an account you will be able to make a deposit (via a direct transfer, debit, or credit card) and start trading.
Conclusion
NordFX is one of the best trading platforms for those who are just starting out and don’t have huge capital. It has a very good reputation and many traders trust it.