BTrader is one of
the leading Forex brokers on the market. They clearly invest time
and money on your first impression when accessing their website. It
is clean, fast, straight forward, visually appealing, and simple to
use. It is available in 5 languages and they add more often, so
people from around the world can benefit from its ease of use. I
was so impressed with the site that I was convinced I would be
disappointed when reviewing their service. However, that was not
the case. They offer all the basic and common services offered by
many other Forex brokers, but BTrader definitely includes services
that separates them from the pack in a major way, but we will talk
more about that later.
When it comes to depositing money, there is no reason Forex brokers should not make this process easy for the trader, unless of course they do not want your money. Well, BTrader enables you to deposit money in every possible way, including some options most people have never even heard of. The options available to you are bank wire, credit card, direct ebanking, money bookers, and much more.
While most brokers make the deposit process relatively easy
seeing as they want your money, it is not a rare occurrence for
brokers to make the withdrawal process a painful one. With BTrader,
you send one fax and you have your money after 3-4 business days,
it is as simple as that.
|Regarding the core issue at hand, the Forex trading, BTrader
did well here too. While most brokers offer a downloadable trading
platform, and some offer a Web-based interface, BTrader offers both
in the form of the famous Meta Trader 4 platform with access to
advanced charts and technical indicators. In addition, they offer
their own creation, a platform called WebFX. The fact that BTrader
created their own web-based platform is an indication that they
really do strive to be a top Forex broker, and not just another one
to add to the long list.
BTrader supports Forex trading of over 50 different pairs, with the typical spread of the majors being 3 pips. Their spreads are also fixed and not dependent on anything. As I mentioned earlier, they do not disappoint when it comes to the market standards, and they offer a free $15,000 demo account, as well as low deposit ration of $25 for WebFX and $100 for MetaTrader 4. Another aspect in which BTrader stands out is their leverage. It is not the highest you have ever encountered, but 200:1 is definitely below the average confirming that BTrader is truly interested in customers not losing their entire investment in 30 seconds.
At this point of the review, I figured there has to be a catch.
They must charge high commission or some sort of hidden fees. So
when it became apparent that BTrader charges no commission or fees
of any kind, not on deposit, not on withdrawal, and not during
trading, I kept looking for that catch.