If you’ve ever had the fortunate experience of meeting an established trader, ask him what are the 5 essentials that you got to have to succeed in the trading venture. Whatever varying answers you get, the Forex platform will make it to this list anyway. It is a popular opinion that if you’re on board with a sound forex forum, you can actually work wonders. I agree with it too because of several reasons. My recent pick of forex platform turned tables for me.
As soon as people realized the importance of a CFD platform, an influx of such firms was seen. Imposters, pretenders, and fraudsters made it to the market. Where opportunities grew, the probabilities of falling for scams came along. Young traders, in particular, were trapped largely. This discouraged a whole lot of people and even today these people continue catching innocents. But this doesn’t mean the chances of you becoming a trader are thin. If you carefully research before making choices, you can be at the winning end!
How did I meet Iron-Bits?
I was in this industry for a few years when my neighbor told me about his experience with Iron-Bits. He always kept telling me how Iron Bits worked like magic for him. One day he was telling me about his Crypto venture’s which gave me all the motivation I needed to join a strong and valuable CFD platform. I am glad my choice was Iron-Bits.
It’s around 3 years that I’m working with Iron-Bits and my experience has been phenomenal. My profits maximized to a level I couldn’t imagine previously. If you’re a trader, you seriously need to go for a good forex platform. Iron-Bits was my choice because of the good reputation it had in the market and the astonishing features it had to offer. My review will help you understand what to look for in a platform and by the end, you’ll be able to make a choice.
What is Iron-Bits?
Before we go on, I’d quickly tell you something about the forum. It was created back in 2015 and since then it is ruling the hearts of numerous traders. As they claim, the platform is a hundred percent reliable, powerful, and convenient. The well built infrastructure and the secure environment is all a trader can ask for. All these together make it one of the most efficient platforms in the eyes of traders.
Let’s see why I am such a huge fan of Iron-Bits. Well, when you click to open a website the first thing that you notice is the theme, colors, graphics, etc. Everything was to the mark, the text is legible, and all options are perfectly placed. Although, many people might find it cool I’m not a dark background person. It would’ve been great if users were allowed to choose between a dark and a light background. This doesn’t make the charting process any hard, but I feel like maybe the company should consider introducing it.
If you scroll down, you’ll see the most important things have been placed first and as you scroll down your yourself figure out how things work here.
Which account should you go for?
Once I planned on joining, I needed to set what account I’ll be going for. I was offered a total of 4 accounts designed to cater the needs of customers all around the globe. Each account is distinctly designed. These 4 are VIP, Platinum, Gold, and Silver. Let’s start off with Silver. It is for the young traders. Although it has minimum features it’ll help you learn the basics. When you feel like you’ve mastered it, you can always get it upgraded. I’ll tell you what each of these has in store and then you can pick one according to your needs and wants.
Silver is for the neophytes. It lets you access all the basic features such as over 200 tradable assets, significant leverage up to 100, and market reviews. Market reviews give you an idea of how things roll out in the market and how can you make decisions based on trends. Also, It lets you deposit 250+ Euros. You can spend some time trading using this and then jump to the Gold account if you feel like you want more.
Gold account is advanced than Silver. It lets you deposit 10k+ Euros. If you’ve learned how to work with an online trading forum, you can upgrade because here you get to experience greater withdrawal speed. Not only this, but you get tier 3 trader room analysis, Gold spreads, risk management, special venture promotions, financial planning, monthly webinars, and leverage up to 200. Great, right?
The other two accounts are more or less the apart from the fact that these features are upgraded which translates into greater trading ease.
It gives you platinum spreads, trading signals, upgraded trade room analysis, leverage up to 300, and an enhanced withdrawal process. It doesn’t end here because it not only lets you deposit 50k+ euros but also gives you access to attend weekly webinars. These webinars are a great source to keep yourself updated.
I, myself, am a platinum user because it just goes with my skill set. All the features work smoother and faster. Not to mention the fact that the account managers for platinum are experienced, seasoned, and professional. Advanced education material lies closer.
VIP is the best of all four. You can only sign up for this if you’re invited. As the name suggests, it is one of them most fast and efficient in terms of spreads, webinar access, trade room analysis, etc.
State of the Art Tools
Now we will see what sort of tools are offered here. Well, I need to say all of these are immensely useful and very efficient. The charting tool stands out because it takes away all the possible headaches one could get. It refreshes for given time intervals ranging from 1 minute to 1 month. The real-time chart keptme updated about the ever-fluctuating market scenarios and I got a clear picture of what liquidity and costs interactions can lead to.
Well-developed charting is a must-have if you want to keep an eye on the market all the time. Thanks to Iron-Bits for providing us with such phenomenal instruments. Some other applaudable tools are, zooming bar at the bottom, bright-colored price indicators, 5 distinct charting types, sorting asset list by percentage change and alphabetically, etc.
At first, I had trouble in getting used to some of the advanced tools. Once I contacted me account manager and the customer service, I was able to get the hang of all the tools with the right assistence.
Free Education for All
A good platform is one that cares about education and upgrading your knowledge of the customers. At Iron-Bits, you’ll see an entire segment dedicated to education only. It contains several eBooks, Asset Index, Glossary, and FAQs. I never had to pay even a single extra buck for getting access to all these remarkable features and this reflects how seriously the forum takes your education. Since the platform has been mindful of all varying needs, they should consider introducing a video lecture feature because it’s very engaging and saves time.
The Client Oriented Firm
When I sign up for a platform, I stick to it for two things, first the services and secondly the customer service. If my problems are not addressed on time, why would I remain loyal to a firm? Iron-Bits is well aware of this and this is why they’ve such a welcoming customer care department. If you scroll down to the bottom of the web page, you’ll see the contact us option in white. Click and utilize any of the options to submit your query. I’ll work great for my buy unfortunately, traders outside UK and Australia can’t use the call option.
You can access the website on your laptop and on your mobile. Also, there’s a comprehensive list of FAQs lined up. Answers to your questions lie a few clicks away.
Security continues remaining a very important concern in the traders’ minds for a long time now. Iron-Bits has made use of a very transparent approach to clearly state policies and stances on
- Withdrawal, Refund, and cancellation policy
- Anti-Money Laundering Policies
- Risk Disclosure Statement
- Terms and Conditions
- Bonus Policy
I would recommend anyone to go through these policies before getting an account made on any of these platforms. The way Iron-Bits has put forth their legal section is definitely commendable.
All these years, Iron-Bits has never failed to impress me with the dealing and services. I love that they’ve always been so welcoming and responsive to my problems. The tools and instruments here have played a pivotal role in building me up as a trader and the credit of my well-developed portfolio also lies in the pocket of this forum. Although, different people have different needs and hence experiences. But despite some minor issues, for me, Iron-Bits tops the online forex platforms list.
Disclaimer: This review is written from my own experience and my self-knowledge only and this is not a recommendation.