If you ask me what the most important thing an online broker can offer you, I will name customer support and trading conditions. Both these factors are extremely crucial for your trading career. For example, if you don’t have great trading conditions, you won’t be able to continue trading.
Secondly, if the customer support isn’t good, you will find yourself in a bad situation and without a solution. Both these areas of online trading experience have been taken care of well by the broker that you will find out about in this FirstCapital1 review.
I can highlight many trading features on this platform that I think are great for traders. However, for the sake of this review, I will only stick to its customer support and trading conditions for traders.
Leverages and Spreads That Make Sense
So, there are brokers that offer you huge leverages on your trades. As soon as you sign up with them, they will talk about huge leverages. They don’t even lower the leverage for those signing up for the first time, which is not wise because new traders can end up losing all their money by using the leverage in the wrong way. The leverages and spreads from this broker make sense in a lot of ways.
Firstly, your spreads continue to shrink with each higher account. The higher you go, the less you pay to the broker for your trades. This means, you get to keep most of the profit you make.
Similar to this, your leverages continue to increase as you go higher on the list of accounts. How does that make sense? Well, leverages are very dangerous for those who don’t know how to use them. New traders can lose their investments when they leverage trades without knowing the downsides. Small leverages for new traders and big ones for expert traders make sense, which is what you get on this platform.
Small Fees or No Fees
One of the issues that many traders face when they sign up with online brokers is the huge fees they have to pay on various actions. For example, you enter a trade, you pay the spread. As soon as you make the next move, you have to pay a commission as well.
Just like that, you have other fees and charges hidden in other places too. For example, you might have to pay a commission when you withdraw funds from your account. The same commission will have to be paid when you deposit funds in your account. That’s on top of the fees you pay to the bank.
I am glad that FirstCapital1 has kept things very straightforward and plain for its traders. When you sign up with this broker, you are clearly told about all the trading fees and commissions. You never pay any hidden charges. You don’t even pay commissions on your deposits and withdrawals.
Friendly Customer Service
There are certain signs that tell you that the customer support from a particular broker is great. The first thing is how the customer support agents speak to you. In this particular case, you are going to love the fact that they smile while they talk to you.
The next big thing you have to look at is the way you can get in touch with the company. Are you limited to reading FAQs on the website as way to get customer support? Well, that’s not the case when you are with a broker like FirstCapital1. This broker provides you with customer support through phone, email, and live chat 24/5.
Among many online trading platforms that I have researched over the past few years, I have to say that FirstCapital1 comes out as the most impressive one in terms of its customer service and trading conditions. The trading conditions on this platform are designed for traders to move forward in their career. The lack of fees and service charges is another major plus for traders on this platform.