TheWallet.Cloud Review: Does Trading With TheWallet.Cloud Offer Freedom to the Traders?
TheWallet.Cloud Broker Review
The last thing you want as a trader is you being forced to take decisions you don’t want to take. You will be surprised to know that many online brokers limit your options as a trader only for their benefit. For example, they might not let you take certain positions in your trades or not make some assets available to you because of their risks. On the other hand, you have a broker like TheWallet.Cloud that offers just about anything that a trader expects when he/she starts a trading career. Freedom is one word that you can use to describe the experience of trading with TheWallet.Cloud.
Is it just a marketing slogan or the broker really offers something special to its traders? Let’s delve into this detailed review to know.
TheWallet.Cloud as an Online Broker
The first thing that any trader from any corner of the world should know about TheWallet.Cloud is that it is a CFD broker. CFD stands for Contracts for Difference, and this is the financial tool you use when you trade with this broker. In simple words, you will not own the asset that you trade, but you will have only a contract of that asset. Your profits are not bound with the price of the asset going up. Instead, you can benefit even when the value of the asset goes down. It just depends which position you take at the time of entering the trade. The biggest benefit of trading this way is that you can trade just about any asset that’s available on the market from a single trading platform.
TheWallet.Cloud offers you thousands of assets on its trading platform and lets you take whatever position you like to make profit. The most important thing is that it has a safe online platform for traders from around the world. The KYC policy that the broker adheres to demands that every trader provide with some detailed identification information at the time of signing up. This shows that the broker is not all worried about its money but it pays attention to making its platform safe for every trader. The broker has a vision of providing a transparent online platform to traders from various corners of the world while keeping the trading conditions most viable.
The TheWallet.Cloud Trading Platforms
One huge aspect of freedom in trading is the type of trading platform you are to use. When you sign up with an online broker, you are given access to a trading platform where you perform all your analyses and trades. As a modern trader, you will not like the idea of sitting in front of a desktop and staying there for the whole day just to trade at the exact moment. What if you could receive notifications right on your phone and you could enter a trade from your phone too? That’s what you will like about the trading platform from this broker. It is available for you on your smartphone so you can trade whenever and wherever you want.
At the moment, you have to be using an Android phone to use the platform. It is not yet available on the iOS platform. Once downloaded, the mobile platform will offer you all the trading tools, charts, graphs, analyses, etc. right on your phone to help you make profit from your trades. Not to mention, you have the desktop version of the platform available as well. Just about anything that you need during trading is available on the platform. Most importantly, the company has kept things simple so even a first timer can use the trading platform like a professional.
TheWallet.Cloud Asset Index
Before you even sign up with a broker, you have to see its asset index. The asset index of the broker is often a great hint at what it can offer you. The best brokers often have the biggest asset indices. That’s because they want their traders to access all the great assets from all around the world. You also have to remember that these same brokers are also catering to the needs of the experienced traders who like to diversify their portfolio and trade with hedging. A huge asset index with lots of assets is like a huge playing field for the trader.
There are not many brokers that can offer you as many assets as TheWallet.Cloud does. What’s more important is that fact that you have plenty of options available in every asset class. In the forex class, you can first find the most popular currency pairs that are commonly traded around the world. The most popular currencies on TheWallet.Cloud include CHF/USD, EUR/GBP, AUD/USD, and NZD/USD. However, these are not the only currency pairs that you can trade with the broker. There are more than two dozen other currency pairs for you to choose from. These include the most liquid and the most volatile ones.
The lineup of stocks is probably one of the biggest you can find with any online broker. You can find just about all the famous companies of the world in this class. These stocks include but are not limited to HSBC, Volvo, Adidas, IBM, McDonald’s, Amazon, Baidu, etc. Pick the company that you think will perform greatly in the coming times and wait for your profits to land in your account. There are hundreds of stocks for you to choose from so you can always find the company that you know the most about.
You can also find some commodities on the list. You don’t have to be limited to trading only the precious metals if you don’t want to even though you do have platinum, silver, and gold available for trading with TheWallet.Cloud. In addition to these metals, you also have copper available for you to trade. If you are looking to trade soft commodities, you might be interested in options like cotton, cocoa, coffee, sugar, etc. Once again, TheWallet.Cloud offers more options in this asset class than most other online brokers. There are some famous indices from various parts of the world. The big ones include FTSE 100, DAX 30, NASDAQ 100, etc.
One of the best part about the asset index from TheWallet.Cloud is the availability of cryptocurrencies. You still have a lot of brokers that are holding back from offering this amazing market to their traders. However, TheWallet.Cloud has already brought many digital currencies at your disposal so you can trade them and benefit from their price movements. It is amazing that while some of the biggest brokers are still sticking with Bitcoin as the only available currency for trading, TheWallet.Cloud is offering five different digital coins. The cryptocurrencies that you can trade with this broker right now include, Bitcoin, Dashcoin, Ethereum, Ripple, and Litecoin.
TheWallet.Cloud and Account Types
When it comes to signing up with a broker, the most important thing you have to look at is the types of accounts offered. You have to see if the broker offers something that suits your budget and other requirements. If you are a new trader, it is not recommended for you to put thousands of dollars on the line just like that. You want to start securely and that’s where the broker is supposed to facilitate you. It is amazing how TheWallet.Cloud offers account types that suit different types of traders and there is a welcome bonus for everyone. Keep in mind that welcome bonuses are not so common with online brokers.
You have five different accounts types to choose from. The most basic account is called basic and makes signing up a breeze for you. You can sign up with this account with just $250. You get access to the education center just like you do with other accounts. The daily market review is also available with this account. Price alerts will reach you automatically and you can also take advantage of the pro webinars. These are some options that other brokers like to keep only for advanced traders whereas TheWallet.Cloud has brought them to its most basic traders too. With the most expensive account you get a VIP account manager. In addition to that, the trading signals you receive are the most reliable with the most advanced account.
You will be glad to know that the welcome bonus is included regardless of the account type you pick. With the basic account, you get a 20% bonus. If you go with the most advanced account type, you can enjoy a 100% welcome bonus from the broker. This is yet another thing that most other brokers do not offer at all.
The trading conditions are great irrespective of the type of account you choose. The most important thing you should know is that there are no commissions. You only have to deal with spreads. The broker has simplified things even further by making the spreads fixed. You will not have to remember the changing and floating spreads with different assets. Fixed spreads are easy to remember and they give you the opportunity to make the most of your profits. On the other hand, the broker can bite big time into your profit through commission model. So, you are getting all of that on a modern platform from a broker that has proper regulation in place.
To start trading without going into huge losses, you have to learn the art of trading first. Who can be a better teacher than the broker you are signing up with? Almost all the brokers offer some educational material on trading today. However, not all of this training material is great. Some brokers do not even offer you anything professional. Their educational material has been written by paid writers who are not even from the field. On the other hand, you get some serious education when you sign up with TheWallet.Cloud. Right on the website you can find a lot of information about various types of trading.
When you want to learn formally, the first thing that you should try is video based learning. Learning with the help of videos is fast and makes you understand everything clearly. You don’t have to make any guesses because you can see everything right on your screen. From how the platforms works to how the price charts and trades look, you can learn everything through the video-based courses from TheWallet.Cloud. The most amazing thing is the access to the webinars. You get access to the professional webinars as soon as you sign up with the company. You are given access to this amazing way of learning even if you have signed up with just the basic account.
TheWallet.Cloud Customer Support
You can’t expect your broker to be helpful unless it has proper customer support in place. The thing you want to avoid is having only a contact form on the website available to you for contacting. That’s not an effective way to carry your issue across when you want help instantly. The first thing you will love about TheWallet.Cloud customer support is that it is available 24 hours for six days every week. On the other hand, most other online brokers stick with the 24/5 customer service. Of course, you have a contact number that you can call to get in touch with company’s representatives. There is also an email address that you can use to send detailed inquiries to the right people. A lot of the concerns that customers need help with have also been covered in a detailed FAQs section on the website.
You can see from the review above that TheWallet.Cloud gives a lot of freedom to its traders in every way possible. Whether you are looking for lots of asset options, huge leverages, several account types or professional webinars, you get all of that from TheWallet.Cloud. Starting your first trading account with TheWallet.Cloud can be as easy as depositing only $250 in the account. With the 20% discount available from the broker, you will get a big chunk of your initial deposit back as well. So, if you want to avoid tight trading conditions and trade freely, you should definitely give TheWallet.Cloud a try.