PreMarkets Review – Lowest Forex Spreads in the Industry
PreMarkets has steadily made inroads into the highly competitive market and currently offers access to various markets such as forex, indices, shares, cryptocurrencies, and commodities.
The platform is web-based with a functional mobile application that offers all its customers access to features on the go. Its consistently lower spreads are hard to ignore for making it stand out from the competition. Here’s what you need to know.
Who Is PreMarkets For?
PreMarkets is for solid traders looking to minimize costs when placing a trade or avoiding extraneous costs. The platform offers maximum leverage and emphasizes customer support. It has relevant educational tools backed by research amenities well suited for novice traders.
PreMarkets Pros & Cons
- Protection for customer accounts
- Emphasis on customer support
- Lower FX spreads
- Cryptocurrency trading
- Intuitive user interface
- Not accessible to US customers
- Lacks automated trading
The cost structure is competitive in the market. It offers different spreads for its account options without fees for withdrawals or deposits. There are also no costs for closing an account.
There’s no minimum deposit amount for customers to open a live account. Customers with big account balances qualify for cashback rebates and welcome bonuses.
PreMarkets Trade Experience
This streamlined trading platform is stable and easily accessible from any web browser. Its intuitive user interface is easy to navigate with a simplicity that enhances its appeal. PreMarkets offers one-click trading with full integration on desktop and mobile platforms to serve all traders well.
It’s simple and intuitive to enter trades, modify charts, and build watchlists. Users can also launch educational resources and FAQs from within the trading application. Traders also receive notifications, whether on the web-based platform or mobile application.
Opening an account is straightforward, quick and user-friendly. Account verification is within one business day.
The platform allows traders to access various financial instruments across various tradable assets. Its offerings include currency pairs, global indexes, major commodities, global stock CFDs, and cryptocurrency CFDs.
PreMarkets Customer Support
Every online broker must emphasize addressing the needs of customers efficiently and satisfactorily. PreMarkets offers various customer support options, including email for clients and potential clients, a live chat feature, and 24/5 phone support.
Each client is assigned an account manager to give them personalized attention. Online customer support is available in different languages to appeal to a broader base.
PreMarkets Education Resources
Users can access basic, intermediate, expert, and premium courses. Accessing the premium account requires signing up for an account. Each course has videos and articles giving insights on forex and CFDs.
Some topics covered include risk management, macroeconomics, fundamental and technical analysis. Beginner investors will significantly benefit from background information to become proficient in the market.
Expert traders can access advanced topics and strategy updates in the premium course. The content is well organized in lesson structure, with videos and quizzes. PreMarkets ‘s courses cover material for traders at different stages in the trading spectrum.
PreMarkets Research Amenities
Apart from the standard economic calendar, which is intuitive and filterable, PreMarkets has a newsfeed that users can filter by trading signals, instruments, economic reports, or technical analysis. A market analysis tab has filterable sections such as top movers, market sentiment, heat map, and stock scanner.
Users access two-factor authentication to access their accounts. Biometric authentication is available on mobile devices. A strong password must include upper/lower case letters, characters, and numbers to keep users’ accounts secure.
The Final Verdict
PreMarkets offers traders various tools to succeed in the industry. Apart from offering the lowest forex spreads, it has an intuitive and functional user interface. Handy features, including a heat map and instrument scanner back this.
The regulation gives the platform credibility, and an auto trading feature makes it appeal to tech-savvy traders. This platform is for cost-conscious traders wishing to trade in the foreign exchange market.
Are you ready to start your trading journey and learn more about this industry? Sign up today to learn how to benefit from PreMarkets’s amazing features.