SpotInvest is an integrated online trading broker that offers robust, customizable tools and features for the active trader.
Top Benefits
SpotInvest is a less widely known brokerage platform, but it has several unique trading practices and perks that enable it to stand out among its competitors. The broker has recently attracted many traders and investors with favorable online reviews. Here are the top benefits of investing with SpotInvest.
Customizable trading experience
SpotInvest prioritizes innovation to streamline the trading experience across all its platforms. Its desktop, web, and mobile trading programs boast robust, customizable features and functions, facilitating careful backtesting, enhanced order entry speeds, and minimizing emotional and financial decisions. The customizable tools enable traders to spread risks over various instruments and hedge against long positions.
Diverse investment instruments
Traders and investors who use SpotInvest can also leverage their diverse product offerings to gain access to different asset classes and global markets. The broker has a robust selection of investment instruments ranging from stocks, crypto, and commodities to several other asset classes. That makes it an excellent platform for active traders, seasoned investors, and even beginners.
Extensive Educational resources
SpotInvest also provides an extensive collection of educational materials to help traders and investors in navigating the ups and downs of online trading. The materials are available on all the trading platforms in different formats at the convenience of every user. The resources cover the basics of online investing, trading strategies, and other valuable topics for different types of traders and investors.
SpotInvest Overview
While SpotInvest is not entirely different from other online brokers, it has some unique attributes that set it apart. The characteristics comprise numerous perks, but some constraints also exist. Here are the potential benefits and shortcomings of SpotInvest.
Pros
- Customized trading experience
- Access to a broader selection of products
- Extensive educational resources
- Low fees and commissions
Cons
- Some advanced trading tools and features may be overwhelming to beginners
- The mobile app has limited functions
Trading Experience
Customers can easily access their services by creating free accounts via their desktop, web, or mobile programs. This broker’s trading platforms boast an intuitive design with robust pre-built and customizable features. All the programs comprise basic functionalities, including charting, watchlists, portfolio reports, asset screeners, price alerts, and real-time data streaming. And users can also access extensive educational materials such as trading tutorials, articles, and industry news.
However, the automated trading system is one of the broker’s special provisions. The system allows traders to establish specific rules for trade entries and exits. It enables traders to execute and monitor orders more efficiently. That eliminates chances of making emotional decisions since the system can perform the orders automatically once they meet the set criteria. It also ensures careful backtesting, which is critical to evaluating trading strategies and avoiding risks.
SpotInvest ‘s trading platforms provide a list of the common technical indicators to help traders and investors to build their preferred rules for automated trading. However, traders can customize their strategies and indicators, ensuring greater flexibility and higher potential rewards. However, experienced traders should consider the SpotInvest desktop and web-based programs for more robust tools and features.
What Do They Offer?
SpotInvest offers several investment alternatives for its clients. They have a comprehensive portfolio that caters to retail traders and institutional investors looking to diversify wealth. Beginners, too, can leverage SpotInvest ‘s more expansive selection of products to venture into online trading. Here are the tradeable asset classes on SpotInvest.
- Forex
- Stocks
- Crypto
- CFDs
- ETFs
SpotInvest also allows traders and investors exclusive access to global crypto, stock, and forex markets. That makes it an excellent platform for advanced trader and investor who needs broader market access.
About Fees and Commissions
SpotInvest has made tremendous efforts to promote low-cost online trading. The broker has removed several standard fees from its schedule, including the monthly inactivity fees, withdrawal fees, and minimum account balances. Besides, trading stocks and ETFs on the platforms is not subject to fees or commissions. Overall, SpotInvest has much lower margin rates and fees than most of its immediate competitors.
Final Verdict
SpotInvest is an excellent trading platform for active traders and experienced investors who need customizable tools and features, access to multiple investment instruments, and low margin rates. Beginner traders and casual investors can also take advantage of SpotInvest ‘s customizable tools and educational materials to streamline the trading experience and make informed financial decisions.
Disclaimer: this is a sponsored marketing content