Are you thinking about starting your trading journey? The first and most important step is to sign up with a brokerage and this can be quite a challenge because you have a ton of options to choose from. How do you pick one when there are hundreds of companies ready to cater to you? You will be exhausted with the sheer number of options and confused about how to sort through them. This is when you can benefit from this Priority Markets review because it shows you just how to take your pick.
The best way to approach this situation is to view the offerings of the broker step-by-step, which gives you some idea of what to expect from them and then make up your mind. A forex and CFD brokerage, Priority Markets was founded by Kamuflaz Limited, which has its offices in St. Vincent and the Grenadines. As comprehensive as it appears, you still need to check its offerings step-by-step to be sure of what you will find. Ready to do so? Let’s take the steps:
Step 1: Start with the sign up
Checking the sign up process and requirements of the brokerage should be your first step because you need to know how you can open a trading account. Some platforms have long and complicated procedures that can be a big turn off, but you don’t have to worry about this with Priority Markets because their sign up process is simple and quick. To sign up with them, you have to click on the ‘Open Account’ option on their website and fill out the form that opens up. It does not take you more than a couple of minutes because it is very short and does not require a great deal of information.
Step 2: Check the account options
After signing up, you should look at the account options that Priority Markets offers to choose one that suits your requirements. They have added six options, which are Basic, Silver, Gold, Platinum, Diamond and Millionaire Club. The deposit requirement for these accounts is EUR 500, EUR 10,000, EUR 100,000, EUR 250,000, EUR 500,000 and EUR 1,000,000. These accounts have been equipped with various features to assist traders, which include an account manager, daily market reviews, savings account, insurance level, exclusive updates, money management, automated trading and group of analysts.
Step 3: Look at the payment methods
As you have to make a deposit for starting your trading journey, you would need to check the payment methods that the broker supports. Priority Markets offers both traditional and modern options for you to explore when making your deposits and also your withdrawals. You can go with the bank wire transfer option that offers security, or you can go with debit and credit cards, such as VISA and MasterCard for making your payments.
Step 4: Go over the trading instruments
When your account is ready for trading, you should look at the trading instruments that Priority Markets has added to its offerings. You will find that they give you the chance to trade in some of the most renowned financial markets in the world, such as stocks, indices, forex, commodities and also cryptocurrencies. They give you profitable instruments from each market, helping you spread out your capital across the markets to make the most returns.
Step 5: Don’t forget the trading platform
It is a must to check the trading platform because it is used for most of the trading and Priority Markets has developed a browser-based one that can be accessed on any device. The user-interface is straightforward, so there are no navigation complaints and the sophisticated technology offers instant trade execution and no lags, whatsoever. Plenty of trading tools, including advanced charts, trading alerts, signals and price updates are also available.
Closing Thoughts
A step-by-step view at the offerings of Priority Markets can help you see that it is a comprehensive trading solution for every trader.
