Getting your feet wet in the investment industry is a bit of a complicated process. The first thing you need to do to make your trading process more efficient and beneficial is to find a financial service provider that will furnish you with proper tools, charts, trading platforms, accounts, and so forth.
As the demand for brokers increases as time goes by so does the competition between the financial companies. All of this makes it hard to find the most suitable brokerage for you. On top of that, as the investment space expands more and more scum and fraud cases are skyrocketing.
Investfox.com – a newly launched European startup – comes with solutions. This is a platform that aims to make the investment industry more transparent with the use of both experts and user-generated reviews and in addition to that, the process of choosing the right broker for you can become quite simple for both novice or seasoned traders.
How is that so? The main “trick” behind this is that the company allows traders to filter the broker features. Let’s discuss this topic in more detail.
How do investfox filters work?
As a forex trader, you might find it confusing to choose a certain broker, with whom you will entrust your funds. In order to choose the one, you need to take into account several factors, like security, whether or not a financial service provider is licensed, account types, etc.
All of these might be time-consuming. In order to make things easier for online traders, investfox, providers, its customers, and users with sorting and filtering.
When you visit the investfox FX broker reviews webpage, you can find that there are several filters, including licenses, platforms, instruments, funding, and leverage.
In order to make things easier for users who are new to trading and may not be familiar with terminology and abbreviations like the FSCA, the company opted to utilize the country in which the brokerage is licensed rather than the regulatory body itself. In this case, South Africa.
Fields labeled “Platforms,” “Instruments,” and “Funding” list the many platforms, instruments, and funding sources that may be used. In the case of leverage, you can indicate the maximum amount of leverage you want.
The numbers are from 1:1 to 1:1000. The higher the leverage the higher the risk and rewards ratio. Using this sorting investors can easily find the broker that matches their taste and will best.
For example, when you want to buy something on Amazon, which is the biggest e-commerce website in the world, you always indicate in the filters what you want, otherwise, you’ll be lost in millions of products.
For example, if you want to buy a laptop, you should first, indicate the technology filter, then that you want to buy a laptop, then you should opt for the firm which is the most desired for you.
After that, you indicate more options, for example, the year in which it was made, looking at the CPU, and so forth. Everything works the same in the case of investfox. When you want to find a broker you can indicate all the desired features you want to get from the financial service provider company.
When it comes to showing results, it should be stated that no matter which features you choose you can always find a preferable result. To make it simple to understand, let’s take an example.
Imagine that you want to find a broker that is regulated by the Canadian regulatory body. Let’s say that you want a trading platform MetaTrader 4. Then let’s say you want a funding option MasterCard.
As you can see on the screenshot, even though we’ve got many features and things indicated, investfox still allows us to find the broker that will provide us with the services we want as a trader.
investfox’s filtering and sorting features are limited to allowing users to choose brokers that are regulated in a certain country.
For example, if you want to choose a broker that is regulated in both South Africa and the UK, you won’t be able to indicate those two countries simultaneously, instead, you should search them one by one and after reading an expert-generated review you can easily find whether or not a certain broker is suitable for you.
In addition to the filters supplied by investfox to simplify the selection process for investors, expert and user-generated reviews can make it even more straightforward for traders to choose a brokerage.
This works especially in the case of novice online traders who are new in the industry and want to learn from scratch how the investment industry works and which brokers can be the most suitable for them.
Both inexperienced and seasoned investors may get accurate information about a financial company with the aid of expert and user-generated evaluations, where professionals and users share their experiences.
Reviews, in accordance with filters, will help investors avoid wasting time and effort on the search for a good broker in the financial markets.