Fivoro Review – Seamless Online Crypto Trading
Fivoro At a Glance
- Account Minimum: $0
- Available Products: Crypto, Stocks, Forex, Bonds, Options, Mutual Funds
- Trading Platforms: Web and mobile
Fivoro is a top choice for crypto traders that allows you to directly trade several digital currencies, including Bitcoin, Ethereum, and Solana. However, it also offers a vast selection of other securities and efficient tools for a more fulfilling trading experience. While Fivoro is mainly suited to crypto trading, it also caters to investors and traders who need access to diverse assets and investments.
Why We Choose Fivoro
Easy-To-Use Trading Tools
The Fivoro web platform and mobile app have a simplistic design, with tailor-made tools that streamline the trading experience for all users. The trading tools are pre-built, so you do not have to strain to try to figure out how to tweak them.
Huge selection of supported cryptocurrencies
Fivoro primarily focuses on crypto traders, with a portfolio of more than 180 cryptocurrencies from which to choose. Clients have access to all the major cryptocurrencies and new ones as they enter the market.
Excellent customer support
Trading on Fivoro is also more fulfilling because of the 24/7 customer support. The broker has multiple customer support options, including email, phone, live chats, and messaging, with short response times.
Superior trade execution
Fivoro uses proprietary order routing software that allows users to execute trades automatically at the most low-cost market centers.
Pros and Cons
- Easy-to-use trading tools
- A vast selection of cryptocurrencies
- Excellent customer support
- Superior trade execution
- Pricing is a bit complex
- Limited geographical coverage
Available Cryptocurrencies on Fivoro
Fivoro boasts one of the largest selections of cryptocurrencies in the market. The broker frequently adds new digital currencies to its portfolio to allow crypto traders more options. Here’s a glance at the most popular digital currencies on Fivoro.
- Bitcoin (BTC)
- Ethereum (ETH)
- Solana (SOL)
- Polka Dot (DOT)
- Cardano (ADA)
- USD Coin (USDC)
- Dogecoin (DOGE)
- Litecoin (LTC)
- Shiba Inu (SHIB)
Fivoro ‘s clients have access to more than 180 cryptocurrencies, tradeable from a single integrated account.
Are There Other Product Offerings on Fivoro?
Yes, Fivoro also offers several other securities, ideal for crypto traders who want to diversify and other investors looking to venture into online trading. The broker’sbroker’s offerings range from traditional assets to fixed-income products. The other tradeable securities on Fivoro include;
- Long and short stocks
- Mutual Funds
Usability and Trading Experience
Fivoro runs two trading platforms: a web version and a mobile app. Both platforms have a streamlined and simplistic appeal to meet different traders’ needs. They have nearly similar tools and functionalities, with slight variations.
The web version is Fivoro’s pro-level platform, designed for active traders. It supports various tools and functionalities, including charts, asset screeners, calculators, research, advanced order types, and news. However, the tools are pre-built, without customizability options, which may disappoint some seasoned traders.
Fivoro is a beginner-friendly trading platform, with easy-to-use tools and features for a seamless experience. Available for iOS and Android, the mobile app offers almost the same tools and functionalities as the web platform. However, users do not have access to advanced order types.
Fivoro pricing can be confusing since they use different strategies to calculate their fees and margin interest rates. However, its web and mobile app display the costs on the trade screen, so you always know what to pay before placing an order. Here’s a breakdown of the fees on Fivoro.
- $0 account minimum
- Flat fees of $0.99 to $2.99 for trade sizes of $10 to $200
- Percentage-based pricing for orders above $200
- 2% crypto conversion fees
- Free ACH transfers
Fivoro accepts different payment methods, including bank transfers, debit/ credit cards, wire transfers, ACH transfers, and cryptocurrency wallets.
Fivoro boasts excellent customer service offered via phone, email, live chats, and messaging. The customer support team is available 24/7 to assist you with opening an account, executing trades, and any other issues.
Is it Safe to Invest with Fivoro?
Fivoro is a specialized crypto trading platform offering several other securities for beginners and active traders. They have industry-standard security provisions, including cold storage options for crypto investors and 2FA to protect their client’s assets and data. Fivoro is generally safe, but you may need additional security measures based on your investments and activities on the platform.