Table of Contents
PreMarkets Overview
PreMarkets is among the best trading platforms for beginner traders and investors. The platform comes with the requisite tools, offers, and designs to meet beginner traders’ particular needs and expectations. Among the most relevant are the simple design and the low-cost approach. Beginner traders need more knowledge, experience, and resources to trade successfully. Hence, this platform comes to address their critical concerns.
PreMarkets Pros and Cons
Pros
- Simple design
- Easy to use
- No minimum deposit
- No account minimum
- No commissions on stocks, crypto, and ETFs
Cons
- Limited investment assets
- No web-based platform
PreMarkets BestFeatures
PreMarkets offers an easy-to-use trading platform with various investment assets and trading instruments. Nevertheless, this article discusses the platform’s key benefits in more detail below.
Low-Cost Strategies
PreMarkets offers a variety of cost reprieves for traders using the platform. One of these is having a zero minimum deposit requirement. Customers can start trading with as little money as they have. And this makes the platform more friendly and accessible to many beginner traders with limited financial resources.
The platform also offers commission-free trading in stocks, crypto, and ETFs. And this is another excellent relief to the target market, who may need more funds to pay the commissions that other brokers charge on these assets.
Finally, the platform does not impose any fees for account inactivity. Passive traders, most beginners, tend to take a long time before accessing or using their accounts. In other trading platforms, this would attract some fees to discourage such behavior. However, this platform understands the target market and does not impose fees.
Unique set of investment assets and instruments
PreMarkets offers a variety of investment assets and instruments, including stocks, crypto, forex, and ETFs. Although the asset categories may be less than other platforms, it is adequate for the target market. The platform’s primary goal is to provide beginner traders with a good starting point. Having many assets, including more complex ones, would make the platform more complicated and unsuitable for beginner traders.
Dependable customer support
PreMarkets has a very dependable customer support system. Users get support round the clock and fast. Customers’ issues are attended to by calling, chatting live, or sending an email within the shortest time possible. What’s more, is that the responses are very friendly and valuable. As a customer, you don’t feel intimidated by the customer support staff.
PreMarketsTrading Platforms
PreMarkets has only one trading platform. Customers have a very effective mobile app that meets most, if not all, of their needs. The mobile app is light making it easy to download and install on a phone or other mobile device. It also has a simple and intuitive design making it easy to use.
Despite its simplicity, the mobile app has all the essential trading tools and functionalities. It features price alerts, a calculator, screeners, portfolio analysis, and watchlists, among others. Customers can trade, check the newsfeed, and access charting functions. The platform is customizable to make it more user-friendly to allow users to select their preferred color schemes, navigation mode, and alert times.
PreMarkets Risks
PreMarkets is still a growing trading platform. Some of the potential risks include the failure of the mobile app. If the mobile app stops working, users don’t have an alternative venue. Apart from that, there are no other significant risks.
PreMarkets Education
PreMarkets offers educational material from articles, webinars, and podcasts to YouTube clips and short courses. The platform also has a FAQ area with the most common questions and satisfactory answers. Access to the material is free, another attractive low-cost strategy for the target market.
Who PreMarkets Is Best For
PreMarkets is best for those beginning their online trading and investing journey. Although more experienced traders can also use it, the simplicity and limited investment assets may differ from what they need.
PreMarkets Conclusion
If you need a platform to learn and start your online trading journey, then PreMarketsis worth trying out. Nevertheless, contact this broker for more information about their services and products.
Disclaimer: This is a sponsored marketing content.