Have you been looking for an online broker to start trading in the financial markets? Suffice it to say, you are feeling overwhelmed due to the sheer options that are available. To add to it, these companies make some very tall promises and this can lead to further confusion. Should you take them at their word, or should you do something else? Most people don’t know what to do and end up picking a random platform, which can often spell disaster. Rather than doing so, it is better to ask some important things about them and then consider the answers to make your decision.

You can do the same in the case of bitcoin-based platform Safe Holdings that was introduced in 2018, but has gotten attention for its features and offerings. But, you cannot just rely on their claims alone and should do your own research. Everything that you should ask about a broker has been discussed in this Safe Holdings review for your convenience. You can take a look below:

Are there any security measures?

With the increasing number of scams and frauds happening online, it is a given that people will be worried about security because they don’t want their money to be stolen, or their personal information to be misused. Therefore, you want a secure platform and this is what Safe Holdings has provided for you. They use Cloudflare for keeping their clients safe from DDoS attacks, use two-factor authentication (2FA) for securing accounts, opt for cryptographically hashing passwords and their security and technical team are constantly monitoring and checking the system.

All crypto deposits are kept in cold storage by Safe Holdings and they use account segregation policies for storing your funds in separate accounts with the top financial institutions. They also use SSL (Secure Socket Layer) encryption for encrypting and monitoring website traffic. In addition, the KYC (Know-Your-Customer) and AML (Anti-Money Laundering) policies are followed here. These can be helpful in combating the risk of financial fraud and money laundering, along with identity theft.

Can you diversify?

Other than security risks, traders also have to deal with the risks inherent in trading itself. Sure, you can make huge amounts of money if the trade goes your way, but there is an equal chance of losses as well. Diversification is the best strategy for minimizing your risks, which means spreading out your investment across different assets. But, this can only happen when you have access to enough assets and this is where you will be pleased with Safe Holdings because they have made diversification simple.

You can access more than 300 trading instruments spread across 200 global financial markets, which can help you diversify and maximize your profits. There are forex currency pairs to be traded and now cryptocurrencies have also been added to the offerings. You can also trade stocks at Safe Holdings and try out indices. For low volatility options, you will find a wide range of commodities available.

Is the trading platform useful?

One of the most important things to know about any broker is their trading platform, as you have to use this software for opening and closing trades. It can have a big impact on your experience, so it is not something that you can ignore. There are three choices that Safe Holdings is offering to its clients, each of which uses powerful trading technology for delivering a smooth and easy experience for everyone. Firstly, they have the MT4 trading platform, which is the top choice of traders in the market due to its extensive and advanced tools and features.

You can also find a web trading platform that Safe Holdings has developed for those who want a platform that doesn’t have to be downloaded. Mobile trading apps for iOS and Android devices are also available to help in trading on the go.

Final Words

With these answers, it is easy to see that Safe Holdings is a reliable and authentic broker that can give you access to the top markets.